U.S. Investment Activity Outperforms The First Half Of The Year, But A Slowdown Is Still Expected
“We continue to see investors pursuing yield. An uptick in opportunities drove U.S. real estate transaction volumes to exceed expectations in the first half of 2018,” JLL Director of Americas Research Lauro Ferroni said. “Pockets of the market are seeing exceptional manifestations of liquidity with investors in pursuit of scale and market share.”
U.S. deal volume increased 3.4% year over year in the first half of the year to $194.9B, according to JLL's H1 2018 U.S. Investment Outlook report. This level of activity was largely unexpected for the year, and JLL foresees a 5% slowdown in transaction volume by year-end.
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Planet Fitness Sees Opportunity In Retail Vacancies
Even as some retail businesses shutter their doors, other brands see expansion in their future in some of the spaces left vacant. Planet Fitness, for one, is ramping up its growth, and many of its new locations are likely to occupy recent vacancies — and help replace missing anchors and drive traffic.
Early this year, Planet Fitness CEO Christopher Rondeau told Jim Cramer on CNBC that the closing of stores like Sears and Kmart sites is "perfect for us. We drive traffic. There are 5,000 workouts per week per store, many Monday, Tuesday…
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Brookfield Has Already Sold $4B In GGP Property Equity As It Prepares To Overhaul The Malls It Now Owns
With its acquisition of GGP finally complete, Brookfield Property Partners is about to begin the more difficult task of turning its properties around.
Brookfield officially took full ownership of GGP in July in a deal valuing the mall-owning REIT at $15B (before then, Brookfield…
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What The Major Players In Real Estate Finance Are Paying Attention To Right Now
Every time an asset comes across ACORE Capital co-founder Warren de Haan's desk for refinancing, he asks his team if the asset has been for sale and, if so, what the bids were.
“We know that sellers are sticky on their prices and are holding out … many of them are looking to the financing markets to get higher leverage loans and return a bunch of their equity, instead of selling the properties at a lower price,” said de Haan, who is speaking at Bisnow's National Finance Summit Sept. 6 in Midtown Manhattan.
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Communities Are Using This Tool To Try To Beat Back Gentrification
With affordable housing in high demand, the community land trust model is taking hold in South Florida.
With this formula, typically a nonprofit owns land in perpetuity, while the person or entity controlling the home or apartment building on top of it is given a 99-year lease, which is renewable and essentially confers the same benefits as ownership. If the building is sold, it's with contingencies — at only a slight profit, and to another low-income qualifying person or people, thus keeping the property affordable for generations.
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