Catch up on all the big CRE news that happened this week with our roundup of CRE news articles. This week we found the student housing sector still on the rise, AMC looking to be the world’s largest movie the movie theater operator, CBRE talking about why walkability matters, C&W’s top global producer, and so much more. See the 10 CRE news articles below to get a better all around view of the industry:
1.One Big Small Bank Reason to Worry About U.S. Commercial Real Estate – In the years since 2008, U.S. lenders have opened the commercial real estate (CRE) credit spigots, lending money underpinned by properties including hotels, multifamily rental units, and industrial compounds. Now the concern is that banks won’t be able to fund the $400 billion worth of CRE loans that need to be refinanced in 2017 alone as financial regulators step up their scrutiny of the sector. (Bloomberg Markets)
2. Student Housing Sector Continues to Outperform – He describes the core class-A product as having enrollment of 30,000 students plus. “We are seeing investors chasing core products that deliver attractive cap rates with projected student enrollment increases.” (NREIOnline)
3. AMC to buy Odeon & UCI but Carmike deal at ‘considerable risk’ – AMC AMC, +0.42% said the deal to buy Odeon & UCI would make it the world’s largest movie theater operator. Odeon & UCI operates 2,236 screens in 242 theaters across seven European countries, including in the U.K., Spain and Italy. (Market Watch)
4. Excess Supply Presses National Vacancy Rate – While most people in the market are coming around to the idea that demand isn’t consistently exceeding supply any longer, that fact has not prevented apartment development from proceeding apace. And that’s dangerous for newly completed properties. (MultiFamily Executive)
5. Major convenience store/gas station buyer emerges – Durham, North Carolina-based conglomerate The Guess Corp. is seeking to acquire at least 1,000 U.S. convenience store/ gas station units in the next 12 months. (Chain Store Age)
6. Why a City’s “Walkability” Matters – Walkable cities offer more than just charm and convenience—they tend to be safer, their residents tend to be healthier, and their property values may be generally higher. In the U.S., the most walkable cities have an average of 38 percent higher GDP per capita compared to the least walkable. (CBRE Blueprint)
7. Cannabis Dispensaries Transform into High-End Retail Spaces – After decades of doing everything they could to keep a low profile to avoid legal scrutiny, the cannabis industry’s retailers, like Blum, have started using design and retail strategies that have worked so successfully at some of the most profitable storefronts in the country, like Starbucks, Apple and Whole Foods. (INC.)
8. This Is the Future: Workplaces that Make You Healthier – McKesson’s former 20-plus-year-old building was overcrowded, inflexible, technologically outdated, and lacked daylight. Addressing those issues was simply the first step. Executives wanted to create a space that benefited its workers. (Forbes)
9. C&W Names Tara Stacom Top Global Producer – The 35-year industry veteran, who brings a storied family CRE legacy, has nabbed the honor for a second time. She also was the first woman in the firm’s history to achieve top broker status. (Globest.com)
10. Cincinnati, Cleveland, Baltimore Score High Marks Globally as Most Tax-Friendly Large US Cities For Business: KPMG Report – KPMG’s 2016 Competitive Alternatives: Focus on Tax study is a global comparison of the total tax burden that companies in 111 cities throughout 10 countries may face, including corporate income taxes, capital taxes, sales taxes, property taxes, miscellaneous local business taxes and statutory labor costs – contributing to the study’s Total Tax Index (TTI). (Tampa Bay Business Journal)
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