Stressed retailers begging owners for huge reductions to sky-high rents September 21, 2017 | Lois Weiss | New York Post Saddled with market-topping lease and rental rates, stressed out US retailers have begun asking building owners for financial relief, claiming their rents are too damn high, sources tell The Post. Faith Hope Consolo, who chairs…

How Big of a Threat is Amazon and E-Commerce to Retail? September 20, 2017 | Jessica Didonato | Segal Marco Advisors   Amazon. What can we say? The company made it possible to buy virtually anything without leaving your home. Amazon keeps making it easier to use its services. It introduced buying with only “1-click,”…

How the Internet Kept Humming During 2 Hurricanes September 18, 2017 | James Glanz | New York Times At one node of the industrial backbone that keeps the internet running, employees sheltered from the worst of Hurricane Irma in a stairwell of a seven-story building in downtown Miami. When the power had gone out, diesel generators instantly…

Cottonwood Residential Increases NAV 12.6% September 21, 2017 | Luke Schmidt | Blue Vault Cottonwood Residential, Inc. announced, effective September 1, 2017, the Net Asset Value of the shares of Non-Voting Common Stock increased from $16.90 to $19.03, as determined in the sole discretion of the Board of Directors of Cottonwood Residential.  The current distribution…

Griffin Capital Essential Asset REIT II Commences Follow-On Offering September 21, 2017 | Luke Schmidt | Blue Vault On September 20, 2017, Griffin Capital Essential Asset REIT II, Inc. commenced its follow-on offering of up to $2.2 billion of its common shares after the offering was declared effective by the SEC.  The offering consists of…

Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock September 13, 2017 05:08 PM Eastern Daylight Time LOS ANGELES & NEW YORK--Colony NorthStar, Inc. (NYSE: CLNS) (“Colony NorthStar” or the “Company”), a leading global real estate and investment management firm, today announced that it intends to redeem all 5,000,000 outstanding…

What Can Texas CRE Owners Expect as the Insurance Claims Process Gets Underway? September 15, 2017 | Mary Diduch | National Real Estate Investor   It’s been nearly three weeks since Hurricane Harvey made landfall in Rockport, which lies along the southeastern coast of Texas. While emergency response efforts in the wake of the massive storm,…

Does REIT Credit Get Enough Credit? September 18, 2017 | Paul Bubny | GlobeSt.com NEW YORK CITY—Do REITs’ credit metrics deserve more, well, credit from ratings agencies when it comes to rating the companies’ bonds? A special report from Kroll Bond Rating Agency says this may be the case, while acknowledging advantages enjoyed by the…

InvenTrust Properties Corp. Acquired River Oaks in Valencia, CA September 19, 2017 | Luke Schmidt | Blue Vault On September 18, 2017, InvenTrust Properties Corp. announced the acquisition of River Oaks, a 275,000 square foot grocery-anchored center located in a premier San Fernando Valley sub-market of Los Angeles, CA, for approximately $115 million.  “We are…