Why landlords harbor mixed feelings about holiday pop-up stores, and how disappearing gas stations signal a healthy economy
Oct 28, 2013
Here are the news stories you might have missed last week:
The Wall Street Journal: Pop-up stores raise a question for landlords
With the holiday season looming, major retailers have turned to pop-up stores to cash in on seasonal spending. For years, small retailers, craftsmen, and artists have utilized seasonal pop-up stores to increase revenue, but today larger retailers like Crate and Barrel are imitating the trend. While retailers benefit from the cash boost, landlords harbor mixed feelings about pop-ups — they profit from filled vacancies but lose out on big yearly rents. To learn more about what pop-up stores might mean for retail landlords, visit WSJ.com.
CoStar: As CRE turns corner, banks face decision on how hard to compete for loans
Some of the largest national and regional banks have seen legacy CRE loan portfolios stabilize in recent months, encouraging many bank executives to pursue construction and office property loans. While the stages of recovery vary across banks’ loan portfolios, the demand for CRE refinancing and purchase and development loans are up throughout the country, creating stiff industry competition. Check out CoStar.com to learn more.
The New York Times: Manhattan’s vanishing gas stations
The disappearance of Manhattan gas stations actually stands as a sign of significant economic recovery. As the economy continues to gain momentum, developers are scooping up these prime real estate locales and replacing them with apartments, stores, and offices. Read more about how New Yorkers feel about this trend at NYTimes.com.
DealBook: 2 commercial property giants to combine in $7.2 billion deal
Two of the largest real estate investment trusts (REITS) in the country joined forces this week when American Realty Capital Properties bought out Cole Real Estate Investments for an impressive $7.2 billion. Together, the new company, operating under American Realty’s namesake, will stand as one of the largest commercial landlords in the nation. Visit DealBook.NYTimes.com to learn more.