Commercial Real Estate & Business News – November 25, 2015

More than 7 in 10 Americans (71 percent) plan to stock up on holiday gifts and merchandise over Thanksgiving weekend (Thursday-Sunday), according to the International Council of Shopping Centers (ICSC) Black FridayShopping Study... Read more »
Generalist investors in the public market are selling their dividend stocks because of fears of interest rate increases, Schaevitz noted. As a result, REITs are likely to continue to trade at a discount to NAV, which Schaevitz said creates a lot of targets for privatizations. Schaevitz added that the discount to NAV is necessary for these go-private transactions to occur because it compensates for the expenses of paying a premium for the shares and transaction costs... Read more »
As the healthcare industry adjusts to a new mode of service delivery, the effects of the Affordable Care Act, and the growth of the 65-plus demographic — traditionally the largest users of healthcare services — the medical office building niche is adjusting as well. As of midyear, $11.9 billion in healthcare real estate easily surpassed 2014’s final total of $9.8 billion, with real estate investment trusts and institutional investors responsible for almost half of the volume, according to Real Capital Analytics. Private equity accounts for about 40 percent of transactions, while owners and occupiers traded about 13 percent of deals... Read more »
Legacy shopping malls turn 60 this year, and if the covered, indoor shopping centers don't change, they face extinction in the new marketplace. That's the consensus of four Valley retail center owners and an economic development leader who say there's a renaissance of regional and local shopping coming. The five experts were part of a Valley Partnership panel discussion on the future of retail shopping centers... Read more »
Bob Parsons (YAM Properties) purchased the "Village Center" community shopping center at the northwest corner of Paradise Village Parkway and Cactus Road on Friday. The cash-only transaction totaled $24.8 million, or $156 per square foot. The asset was sold by a partnership between Walton Street Capital and Phillips Edison & Company... Read more »

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