Commercial

Survey: Investors Remain Optimistic About CRE Market Strength Despite Global Volatility

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Akerman Survey Respondents Cite Disconnect Between Gloomy Headlines and Forecasts, Underlying Strength of Economy and CRE Markets

An overwhelming majority of investors and lenders have an overall positive view of U.S. commercial real estate market conditions, even in the face of cascading world events such as China’s economic slowdown, Britain’s vote to leave the European Union, sharply lower oil prices and volatile world financial markets, according to an annual ...

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NAR Reports Significant Increase in Commercial Membership

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WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile.

The number of commercial members with less than two years of experience nearly doubled to 9 percent in 2016, from 5 percent in 2015. The annual study’s results represent Realtors®, members of NAR, who conduct all or part ...

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U.S. Office Sector Enjoys Steady Q2 Leasing Momentum Even as Rent Growth Slows, Sales Stall

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The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year.

The U.S. office vacancy rate ticked down another 15 basis points to 10.6% in the second quarter of 2016, well below the long-term historical vacancy rate of 11.3%. CoStar analysts…

Technology Behind Hugely Popular Pokémon Go Game Could Be Transformative for Buildings and CRE

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With more than 75 million downloads since being introduced a month ago, Pokémon Go is a hot topic on traditional and social media news outlets and is seemingly in everybody’s hands. The rapid adoption of the augmented reality app by popular culture means the technology behind it is likely to go mainstream as well. And that has important implications for the real estate business as a whole.

“Pokémon Go, a game that has millions of people roaming…

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CalSTRS Seeking to De-Risk CRE Portfolio Beginning with Multifamily

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The nation’s second largest public employee pension fund, California State Teachers’ Retirement System (CalSTRS) said it plans to take steps to lower its risk exposure in its real estate investments in the coming year.

The $189 billion fund is planning to liquidate non-strategic CRE assets, particularly those it acquired before 2008. The fund said it also will begin to exit what has been one of the strongest performing property segments annually…

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Activist Investor Takes Aim at Buffalo Wild Wings Restaurants

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Activist investor Richard McGuire III, managing principal of hedge fund Marcato Capital Management, has amassed a 5.1% share of restaurant operator Buffalo Wild Wings Inc. (NASDAQ: BWLD) in the past month. The move is widely seen in part as a real estate play as the Minneapolis-based chain “owns and operates” 603 of eateries —more than half of its 1,160-plus eateries.

Many of those corporate-owned restaurants are NNN leased properties. The firm…

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Under Armour Leases Former FAO Schwarz Flagship, Plans to Roll Out Brand In 600 Kohl’s Stores

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Athletic apparel and sportswear maker Under Armour this week rolled out key measures to bolster its brand after the bankruptcy and collapse of Sports Authority, its largest customer, including a new distribution deal with Kohl’s and the lease of the former FAO Schwarz flagship store on Times Square, one of the world’s most visible and visited retail locations.

Under Armour Chairman and CEO Kevin Plank confirmed during the company’s earnings call…

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