Restrictions on a tenant’s ability to assign or sublet its lease obligations are tied to a landlord’s aim of ensuring that the lease obligations will be performed for the entire term of the lease agreement.
As part of rightsizing efforts, J.C. Penney will close 130 to 140 stores (about 13 to 14 percent of its store portfolio) as well as two distribution centers, MarketWatch reports. Becker’s Hospital Review shares six major healthcare trends for 2017. These are among today’s must reads from around the commercial real estate industry.
Walmart is partnering with Hollywood directors Antoine Fuqua, Marc Forster and Seth Rogen & Evan Goldberg, to create short films based on a single Walmart receipt that will premiere during commercial breaks on Oscar Night, Feb. 26.
The U.S. Treasury is looking into issuance of 50- and 100-year bonds, CNBC reports. Deportation plans under President Trump could send shockwaves through the real estate industry, according to The Guardian. These are among today’s must reads from around the commercial real estate industry.
The pros and cons of adding REITs to your retirement portfolio are analyzed by U.S. News & World Report. Real estate developers are cautiously optimistic that President Trump’s infrastructure and tax plans will make ultra-luxury real estate even more attractive to high-net-worth foreign investors, according to Forbes. These are among today’s must reads from around the commercial real estate industry.
“Everybody feels safe and nice, so everyone is looking over their shoulder for what’s going to happen,” said one panel participant during day two of the MBA CREF / Multifamily Housing Convention & Expo 2017.
In many markets, car-centric development and zoning-based parking requirements have left the landscape a wasteland of lonesome pavement. As the sharing economy grows and cities invest more in public transit alternatives, parking needs will continue to shrink.
Forecasted rent softening in major multifamily markets continues to keeps bank lenders cautious, reports The Wall Street Journal. Macy’s CEO Terry Lundgren announced the department store garnered $673 million from selling real estate assets in 2016, and plans to sell more properties to boost liquidity in 2017, according to Yahoo! Finance. These are among today’s must reads from around the commercial real estate industry.
A report from Silicon Valley-based Ten-X LLC, an online real estate marketplace, has dubbed Houston the No. 1 "sell" market in the nation. The report ranked the top U.S. markets in terms of whether office investors should buy or sell assets.
Its core single-family guarantee business had comprehensive income of $2.2 billion and multifamily lending business made $1.6 billion for 2016. The company’s investment portfolio, which the company has greatly reduced since the bailout, made $3.4 billion.