Target’s new store in Katy, Texas, covers almost 150,000 sq. ft., compared with the company average of about 130,000. The backroom space devoted to handling online orders for same-day pickup is five times as large as at stores of a similar size.
Brookfield has launched fundraising for an opportunistic credit fund that it expects to be more than $16 billion, according to a letter to shareholders from Chief Executive Officer Bruce Flatt on Thursday.
Multifamily Dive reports on a new lawsuit alleging RealPage, GreyStar and other managers artificially inflated the rents on student housing projects. CRE pros are using the new transparency pay law in New York City to gauge their current...
The Toronto-based firm will “temporarily defer payment” of redemption requests until it’s clearer when borrowers will repay the loans and the fund can get cash from asset sales, according to a letter to investors dated Nov. 8. “Loan payoff...
Andrea Gift Allan will focus on expanding Pretium’s portfolio of rental homes that are leased to tenants who receive assistance through the federal government’s housing choice voucher program.
PREIT CEO Joseph Coradino talks with Commercial Property Executive about where regional malls are heading. Community-owned commercial real estate is gaining in popularity, according to Next City. These are among today’s must reads from around the...
Fearful of shortages, retailers including Gap Inc. and Nike Inc. ordered extra and did so earlier than usual, but a combination of poor forecasting and inflation-stung shoppers created massive gluts.
For Equity Residential’s $2.5 billion backup line of credit known as a revolver, lenders have historically treated the process like a formality or an administrative task, Chief Financial Officer Robert Garechana said in an interview. This time...
Among the 10 biggest bond referendums, which total about $17 billion, many would fund upgrades to schools like safety improvements, expansions or modernizations. San Diego voters will weigh a $3.2 billion bond for the school district, the second...
Americans’ rent-to-income ratios have been pushing past the recommended 30 or under percent, reports Multifamily Dive. Prologis is predicting a normalization in leasing rates for industrial real estate next year. These are among today’s must reads...
