Disparity in Mall Values Driven by Powerful Combination of Forces
Store closures by Macy’s and other retailers have prompted speculation about the future of department stores and shopping malls, but they’re just a symptom of larger woes affecting retailers ranging from the growth of online shopping to retail oversaturation, flawed business plans and changing consumer behavior, according to an analysis of 10 mall serving as collateral for CMBS loans.
CRE Price Growth Holding Steady, Thanks to Robust Deal Activity, Healthy Fundamentals
The CoStar Commercial Repeat-Sale Indices (CCRSI) began the second half of the year on a strong note as a combination of healthy market fundamentals, low interest rates and steady capital availability. Those factors fueled another month of CRE price growth during July.
Office Sale Sets San Francisco Record
A member of Hong Kong's renowned Hotung family has acquired the landmark Phelan Building from New York City-based Thor Equities for $374.5 million, or approximately $1,256 per square foot. That’s the highest price per pound paid for a one-off major office building in the history of San Francisco.
Off-Campus Student Housing Demand Driving Leasing, Property Sales
Investors pumped more than $5 billion into student housing properties in the first half of the year, and with Labor Day marking the start of what typically is the heaviest period for sales, 2016 could equal or exceed last year's record-setting sales volume in this growing niche property sector.