In case you missed it, here our latest weekly roundup of top national commercial real estate stories, as reported by our plugged-in CoStar News team.
Whole Foods Shrinking Store Count Amid Early Signs of Attrition in Increasingly Crowded Specialty Grocery Sector
After becoming the darlings of shopping center developers and fast-tracking expansion plans, national organic and specialty grocers such as Whole Foods Market and several regional grocery chains have recently announced plans to trim store counts and scale back growth plans in another sign of the increasingly competitive US grocery store sector.
Swedish Pension Fund Completes $2.1 Billion Sale of US, UK Portfolio
Completing its plan to divest direct property investments outside its home country, Alecta finalized the sale of a 47-property portfolio of office, retail, multifamily and industrial assets across the US and United Kingdom. Blackstone purchased 21 US assets totaling roughly 3 million square feet for $1.7 billion, according to Jones Lang LaSalle, whose global capital markets team handled the sale.
FinCEN Renews Cash-Only Real Estate Reporting Orders
The Financial Crimes Enforcement Network (FinCEN) renewed the existing Geographic Targeting Orders that were scheduled to expire last week. The tracking orders temporarily require US title insurance companies to identify the "natural persons" behind shell companies used to buy high-end residential real estate with all cash in six major metropolitan areas.
REITs Expected to Keep Selling Properties to Fund Development Pipelines
The nation’s publicly traded REITs are projecting to remain net sellers again this year with current disposition plans announced by 39 major REITs calling for the sale of more than $15 billion in properties. REITs said they plan to plow most of the proceeds from those sales into their development pipelines.
What Impact Will Rising Interest Rates Have on Continued Apt. Rental Rate, Occupancy Growth?
The US homeownership rate, which hit a record new low of 62.9% in mid-2016 after several years of steady declines, increased to 63.7% at the end of the year. While many analysts have focused on rising apartment construction and the resulting wave of new units