A Weekly Newsletter on Changing CRE Market Conditions, Properties, Loans and Firms
This Week’s Top Stories
Sporting Gun Stores Aim for Steady Growth with Little Contraction
While lawmakers continue to debate potential gun-control policies in the wake of several recent outbreaks of extreme gun violence, a handful of specialized retailers that cater to highly selective outdoor and gun enthusiasts, have defied the general retail downturn by posting strong sales over the past several years. But all the recent media coverage and interest in guns is having the unintended result of driving up sales of guns and ammunition. So much so that these sporting gun stores report sales are stronger now than ever.
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Rialto Mining Gold from Nonperforming Assets
The investment management spin-off from homebuilder Lennar Corp., is going to market with a new liquidating CMBS offering. It has been doubling its return on its first effort in the securitization arena.
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America Runs on Donuts
Dunkin Donuts and Krispy Kreme have set some sweet expansion plans for coming years. (Just don't call them donut shops).
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U.S. Clothing Retailers Generally Like Fit of Their Current Store Count
Many of the big name clothing retailers are comfortable with the current fit of their store counts and square footage. After altering for planned closures, net new growth plans are pretty moderate with the exception of Swedish fashion retailer H&M.
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Latest Large Specially Serviced Loans
A total of 15 large distressed loans totaling $324 million in unpaid principal balance transferred to special servicing in the past month; including seven office properties, five retail, two industrial and one multifamily.
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Facility Closures & Downsizings: Philadelphia Closing 23 Schools
Also this week, AstraZeneca to cut U.S. headquarters staff, shift jobs to MD, MA; and many more property availability leads in Illinois and New York.
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This Week’s Headlines
Retailers Stringing Landlords Along
U.S. Lodging Growth Continues Despite Federal Economic Malaise
Two New Canadian REITs Go After Texas Multifamily Properties
Principal, Rappaport Cos. Form JV Partnership To Acquire Mid-Atlantic Retail Assets
Southern Management Multifamily$1.35 Bil. Loan Repayment Stream Hits the Market
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