Weekend Reading for the Commercial Real Estate Industry - September 13, 2019
Written by Brent Carnduff | September 13, 2019
Happy Friday! This weekend's edition includes our incredibly shrinking metropolis', red flags in the investment market, modular making a splash in CRE, possible headwinds facing the boutique fitness industry, and the continuing saga of WeWork.
Why Are America's Three Biggest Metros Shrinking? by Derek Thompson on The Atlantic
In the past decade, urban developers, working off the Instagram blueprint, have standardized an MVMP—Minimum Viable Millennial Product—so that the move from Brooklyn to Boise means trading one set of hipster coffee shops, fast-casual joints, and cocktail bars for another set.
Signs of Caution Creeped into the Investment Sales Market in the Second Quarter by Sebastian Obando on National Real Estate Investor
Global economic uncertainty and record high asset valuations are contributing to a slowdown in commercial real estate fundraising in the private equity sector, likely a leading indicator of a near-term slowdown in investment sales.
Modular is Poised for Greatness - If Only CRE Understood How to Use It by Joseph Pimental on Bisnow
Though the modular construction industry has grown in recent years, it has yet to reach its full potential, experts say. Experts say modular construction has a lot going for it — cost saving, speed to market and vast potential.
"Modular construction provides more opportunity for projects to be on time and on budget, which is important to the lending process,"
Could a Recession Impact Boutique Fitness Studios More than Big-Box Gyms? by Liz Wolf on National Real Estate Investor
. . . between 2012 and 2015, membership at traditional, big-box gyms increased by 5 percent, while membership at boutique studios jumped by 70 percent . . .
WeWork Plows Ahead with IPO, Reshapes Board to Counter Skepticism by Giles Turner and Gillian Tan on National Real Estate Investor
The company will revamp a stock structure that gave co-founder Adam Neumann unlimited sway over the board by cutting his vote count, and no member of his family will be allowed to sit on the board.
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