South Korean investors are emerging as some of the most-aggressive buyers of U.S. commercial real estate during the Covid-19 period. But selling up is less appealing today than it was during the big wave of deals in the 2000s. You can check out the full article here. “It’s great to have the classes’ work recognized by the Wall Street Journal – the article points out a real challenge that small companies face,” said Johnson. Unglamorous grocery stores are popular with investors, but not everyone can find shelter in the food aisles. Real-Estate Investors Seek Hollywood Dreams in London, U.S. Get The Wall Street Journal's latest news on real estate, homebuying, houses for sale, luxury homes, mortgage loans and interest rates. Unibail-Rodamco-Westfield. According to The Wall Street Journal, FIS was contemplating an even bigger move to end 2020. Candace Taylor is a reporter covering residential real estate for the Wall Street Journal. Dec 7, 2018 - A look at the beautiful villas, chalets, mansions and penthouses featured in our real estate section. Commercial Real Estate advertising publishes in The Journal under the Business Real Estate & Auctions banner on Wednesdays and Saturdays. Capital Markets - The latest news about Capital Markets from the WSJ MoneyBeat Blog. The pandemic and the prospect of working remotely have spawned an exodus from New York and San Francisco to sunnier, more-affordable cities. The biggest U.S. tech companies are major tenants and acquirers of office and other space; they have expanded their real-estate footprint by more than a quarter this year. Back then, selling a store and leasing it back was a good way for grocers to get their hands on finance without it showing up on their balance sheets. U.K. grocer J Sainsbury reported Thursday that over the nine weeks to Jan. 2, sales increased by 9.3%, sending its shares up 4%. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate. data, compared with 5.67% at the end of 2019. Office-building landlords are hoping that the Covid-19 vaccination campaign launched in the U.S. will lead to millions of people returning to workplaces in 2021. An article from the Wall Street Journal back in 2015 clearly revealed this growing […] Other than German discounters Aldi and Lidl, few are in expansion mode. Digital laggards will need cash to invest in e-commerce now that more consumers are doing the weekly food shop online. Unlikely as it may sound, grocery stores are becoming dream properties—coveted but hard to prise away from their owners. Supermarket giants like Carrefour and Real estate news with posts on buying homes, celebrity real estate, unique houses, selling homes, and real estate advice from realtor.com. Covid-19 hurt Equity Residential and UDR shares last year, with rents falling as some urban employees moved to rural and suburban areas. Over the past five years, there has been a distinct shift among affluent buyers seeking real estate in high-end communities. In 2019 and beyond, many organizations are likely to focus on leveraging new technologies, providing more personalized customer experiences, and addressing labor shortages. Vacancies are starting to soar, as many companies work remotely. received 100% of rents owed in the three months through September, compared with just 79% for Europe’s biggest shopping mall landlord, ET This cutting edge technology made front-page real estate news recently in the Wall Street Journal. Up-to-the-minute news and analysis on deals, markets and finance around the world. That strength has fed through into real-estate markets, where superstores are in demand. Oak Street Real Estate Capital is considering expanding its reach now that it has the lender’s backing. The Wall Street Journal. The U.S. government is trying for a second time to limit the steady expansion of real-estate data giant CoStar Group, by moving to block its latest proposed acquisition in the rental apartment listing business. 1. “Large corporations have internal IT departments and consultants to deal with information security issues. The U.K. risks losing its status as a premier shopping destination after a popular tourist tax break expires, posing a new threat to retail property owners already whipsawed by the pandemic and Brexit. Hospitals in much of America are triaging Covid-19 patients because they are short of staff, especially doctors trained in emergency-care and … Aims to Check Real-Estate Data Giant CoStar’s Expansion in Multifamily, Covid-19, Remote Work Make Austin a Magnet for New Jobs, Retailers Seize on Pandemic Fallout to Become Property Owners, Developer Aims to Invest $1 Billion in Minority Communities, Cities Dealt a Blow as Return to Office Fades, French Hotel Giant Targets U.S. With New Lifestyle Operator, U.K. Tax-Refund Repeal Is a New Headache for Retail Property Owners, Stock-Market Titans Amazon, Google and Facebook Also Lift Commercial Real Estate, Blackstone Flexes Its Muscles in Hollywood, Korean Appetite for U.S. Commercial Real Estate Heats Up During Pandemic, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. The Wall Street Journal These big stories—along with a dose of coverage on the famous buying and selling their homes—were among the 10 most-popular articles with our readers this year. The altered landscape of the proposed London MSG Sphere project shows how the pandemic has changed the economic equation on big real-estate developments. ... Reach Your Target Audience with The Wall Street Journal. Spanish grocer With a national print audience of 4.3 million, WSJ is the world’s leading business publication. Mercadona In the first of two articles on tax policy implications from the 2020 elections, proposals by Democratic presidential nominee Joe Biden are examined, including a wide array of corporate, individual, and sector-specific tax adjustments. Natasha Lee for The Wall Street Journal. European hotel company Accor is set to merge its boutique properties with a U.K. company to create what it says will be the world’s largest operator of lifestyle hotels, betting on the segment as it seeks growth in North America. The Wall Street Journal Supreme Court rules that Cuomo can’t limit attendance at New York religious services due to COVID-19 Published: Nov. 26, 2020 at 4:48 a.m. Why Home Prices Are Rising During the Pandemic While buyer demand has softened and sales fell 8.5% in March, the supply of homes on the market is contracting even faster Below is an excerpt from the article written by Katy Mclaughlin. But new accounting rules brought in with IFRS 16 from 2019 mean that leases must be treated as liabilities, increasing grocers’ leverage ratios. In Europe, food shops have been among the few retailers allowed to trade throughout the pandemic and business has been strong. https://www.wsj.com/articles/real-estates-latest-trophy-assets-are-in-short-supply-11610014634. have property worth billions of dollars on their books. sold stores to U.S. investor LCN Capital last summer. Supermarket Income REIT By Amanda Eberstein. Economic insight and analysis from The Wall Street Journal. The past decade has been one of unprecedented growth and digital innovation for the travel and hospitality industry. Deloitte’s Global Real Estate leader, Kathy Feucht, and Deloitte’s U.S. Real Estate leader, Jim Berry, discuss the issues, challenges, and opportunities facing CRE companies as markets and regions reopen, and the ways industry CFOs can position their organizations to recover and thrive … The Wall Street Journal editorial page is probably the most influential elite conservative outlet in the country. SoLa Impact CEO Martin Muoto’s new funds are focusing on large metropolises such as Philadelphia and Atlanta, as well as midsize cities such as Fresno, Calif. U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow to economic-recovery hopes in many cities. Proceeds were often used to fund expansion plans, such as Tesco’s ill-fated push into the U.S. Few have benefited more than Austin. 87990cbe856818d5eddac44c7b1cdeb8, Appeared in the January 8, 2021, print edition as 'Real Estate’s Latest Trophy Assets Are in Short Supply. Kiawah Island was the lead subject in a Wall Street Journal article about sales in resort areas surging as homebuyers look for a getaway from COVID-19. The Wall Street Journal Matt and Sara Tucker spent nine months and $400,000 renovating the outdated house in Bethesda, Md. For investors such as U.S.-listed Realty Income, which has been trying to build a portfolio of grocery stores in Britain, supply of the best assets could remain tight. Supermarket rent reviews are often linked to inflation, so purchasing property is a way to get a better grip on costs. Baseball legend Alex Rodriguez is teaming with a Miami private-equity firm to invest more than half-billion dollars in buying or developing hotels. REX is pioneering the use of AI, machine learning, and big data in the real estate industry. Design, Architecture and Residential Real Estate Writer — The Wall Street Journal New York Real Estate , U.S. He is a two-time winner of the Pulitzer Prize for National Reporting as part of teams from the Wall Street Journal (2000) and Washington Post (2002). ', Copyright © 2021 Dow Jones & Company, Inc. All Rights Reserved, WSJ opens select articles to reader conversation to promote thoughtful dialogue. In certain markets, it makes more sense to buy back stores than to sell them. The former’s stock is roughly flat over the last 12 months, while Unibail’s has more than halved in value. The pandemic and resulting shifts to remote work have upended the commercial real estate sector (CRE). Real Estate’s Latest Trophy Assets Are in Short Supply Property investors want to buy grocery stores, but may struggle to convince retailers to part with them A Blackstone Group partnership plans to develop a new office tower near the Burbank and Warner Bros. studios in California, where TV programs such as “The Ellen DeGeneres Show” and “Days of Our Lives” are filmed. Tesco recently bought a number of stores and two distribution centers for this reason. A shocking new report from the Wall Street Journal shows New York City’s current real estate crisis is far “worse than 9/11” or the ‘Great Recession’ of 2008-2009; confirming “high-end and wealthy” residents have left the city in droves. U.K.-listed Britain’s supermarkets have had their highest Christmas sales on record, based on data released this week by Nielsen. See more ideas about beautiful villas, us real estate, mansions. The real-estate investment firm plans to raise $1 billion next year to buy high-quality office buildings primarily in Sunbelt states that are expected to see increased demand from tenants leaving higher-cost markets. Savills Thomas Edwin "Tom" Ricks (born September 25, 1955) is an American journalist and author who specializes in the military and national security issues. The Wall Street Journal. City’s tax advantages, flight connections to New York and cosmopolitan flair are bringing in new tech and finance businesses. CONTENT FROM OUR SPONSOR Please note: The Wall Street Journal News Department was not involved in the creation of the content below. - AT&T Wireless deal, Microsoft discount - $500 off Surface Laptop 3, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Epic Games plans to convert Cary Towne Center in Cary, N.C., into offices and recreation space. Celebrity Real Estate. To influence consumer decision-making in real time, brands can adopt new technologies and processes so they can sense and predict market trends and consumer interests as they are developing. Biography Laura Kusisto @LauraKusisto; ... many real-estate experts predicted that foreign investors could flock to U.S. real estate as … Tesco As seen in: The Wall Street Journal, Forbes, Yahoo Finance, Science Magazine, The (Toronto) Star, MarketWatch, The Scotsman, Nasdaq, Realtor.com, Travel + Leisure, Fox Business and more Wall Street Journal reporter covering commercial real estate Today’s consumers often buy products and services with no involvement from brands—relying instead on online recommendations and reviews. 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Wall Street Journal commercial real estate market news & analysis on development, construction & building, property investment, sales & leasing. Growing competition to buy grocery stores is already nudging up prices. The Wall Street Journal is the best way for marketers to reach the world’s business leaders, active investors and affluent consumers—a uniquely powerful, cost-effective and convenient vehicle to reach the world’s most influential audience. Fidelity National Information Services Inc., or FIS, made a big move in 2019 with its $48 billion acquisition of Worldpay Inc. In contrast, the yield on prime shopping malls moved out over the same period as investors grew jittery about future cash flows. Residential Real Estate advertising publishes every Friday inside Mansion, The Wall Street Journal reader’s trustworthy guide to the luxury real estate market.Print advertising can target a regional or national audience and starts at $225 and $1,980, respectively.Digital listings start at $990.Display advertising also available. If you listen to the dozen or so large and midsize banks that gathered this week in New York for a Barclays investors conference, it sounds like the threat of … See the 'Join the Conversation' area, Video: Moment Pro-Trump Rioters Clashed With Police in Capitol Corridor, From Fraud Claims to a Capitol Riot: A Historic Week in Washington, What China’s New Digital Currency Tells Us About a Cashless Future, Tesla vs. NIO: Battle for the World’s Largest EV Market, Walmart promo code: $10 off all categories, HP coupon code: Extra 10% off gaming laptops & desktops, Get the iPhone 11 for $10/mo. Landlords haven’t struggled to collect rents from grocers as they have from other retailers. Global property investors are putting billions of dollars into a significant expansion of new production studios in the U.K. The numbers speak for themselves: 72 properties under contract in the month of June, a 423% increase compared to June 2019. But despite the … Many stories that appeared in The Wall Street Journal’s real-estate section this year examined the industry through the lens of Covid. She graduated from Amherst College and has a master’s degree from Columbia University’s Graduate School of … Struggling shopping malls are finding an unexpected boost from bargain-hunting retail operators amid the real-estate turmoil caused by the pandemic. That remains to be seen, the Journal states, noting that “slower growth or price declines in the biggest metro areas have weighed heavily on national home sales figures.” Most Popular Articles That said, some properties may end up on the block. 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