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Storm Strategy — Best Practices to Prepare, Recover and Minimize Downtime The increasing frequency and intensity of natural disasters pose a growing threat to many restaurants and retailers. All too often, unprepared businesses struggle to contend with property damage, power interruptions and repair delays that can plague communities for months in the wake of a catastrophic wildfire or storm. “Businesses that have stores operating in hurricane-prone areas like Florida or other regions threatened by natural disasters need to have a plan in place, with committed assets or a vendor to support them in an emergency,” says Bill Schaphorst, vice president of business development at facilities repair service provider MaintenX. “A plan should tell them, No. 1, how to take care of their people and ensure they are safe,” Schaphorst says. “No. 2, a plan should lay out expectations for after the storm. How quickly can the stores reopen? How will the company staff locations in damaged areas and make repairs to resume operations?” https://lnkd.in/dhDgNkqG Sponsored by MaintenX #cre #commercialrealestate #retail #hurricane #disasterpreparedness #retail

Swire Coca-Cola to Build 570,000 SF Bottling Plant Near Denver International Airport Campus August 26, 2024 DENVER — Swire Coca-Cola, USA, a prominent Coca-Cola bottler in the Western United States, has confirmed plans for a new bottling plant near Denver International Airport. According to the project’s website, Swire Coca-Cola plans to invest between $350 million and $500 million to construct the facility, which will be located at the airport’s Second Creek Campus. According to Denver Business Journal, the new facility will span 570,000 square feet. The project website estimates that Swire Coca-Cola will break ground in third-quarter 2025 and hold a grand opening in first-quarter 2027. Additionally, equipment is scheduled to be installed and commissioned in third-quarter 2026. Continue reading: https://lnkd.in/eVBvDZQ7 #Colorado #Development #Industrial #TopStories #Western

Attention seniors housing experts! Join us September 5 for a complimentary webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle. Seniors housing operating fundamentals continue to head in the right direction. While rent growth has slowed, it remains positive, and operators are seeing a welcome leveling off of increases in expenses. Additionally, recent developments in Washington D.C. — particularly the U.S. Supreme Court’s Chevron ruling — suggest that proposed federal staffing requirements may not come to pass, offering some relief to seniors housing operators, especially in the skilled nursing sector. With operations returning to a more stable footing, now is an opportune time to revisit the fundamentals of value creation in senior living. On Thursday, Sept. 5, at 2:00 pm EDT, Seniors Housing Business magazine is hosting the second in its series of three 2024 investment-themed webinars. The live broadcast is called “Creating Value in Seniors Housing: The Economics of Dealmaking in This Cycle.” Our panel of industry experts will re-examine the drivers to creating value, discussing the following: -Transaction volume: what part of the seniors living continuum is hot and what’s not -Cap rates: understanding current trends and their implications Market fundamentals: lessons from past down cycles and what they mean for today Panelists include: Talya Nevo-Hacohen, Chief Investment Officer, Treasurer & EVP, Sabra Health Care REIT, Inc. Dennis Murphy, Chief Investment Officer, Priority Life Care, LLC David Kliewer, Co-Head of National Seniors Housing Investment Sales, Continuum Advisors Tim Gary, Founder & CEO, Galerie Living J. P. LoMonaco, EVP of Valuation & Advisory Services, CBRE *Moderator This webinar is sponsored by CBRE, a fully integrated platform of dedicated seniors housing investment sales, debt and structured finance, investment banking, and valuation services. To learn more about CBRE’s seniors housing platform. Register Here: https://lnkd.in/eCqhP2Ai #webinar #seniorshousing #seniorsliving #commercialrealestate

Key Trends in Loan Bifurcation & Retail's 2024 Resurgence For more than seven months in 2024, the commercial real estate investment market remained on a sluggish path. High interest rates continued to not only challenge many asset owners who needed refinancing, but also buyers and sellers looking to make deals: Some $174.7 billion in property investment sales during the first half of the year was 7 percent below a year earlier, according to MSCI Real Assets. In such uncertain times, it’s not unusual for the commercial real estate market to experience bouts of bifurcation. Typically, those are marked by trends such as rising demand for higher quality offices during economic slumps when tenants can fetch discounted rents. Early in the recovery phase, it’s not unusual for investment to flow into tech-oriented metros at the expense of other cities. The Federal Reserve’s aggressive hike of the federal funds rate has created another category of bifurcation, especially as it relates to floating-rate bridge debt and how lenders are managing their loan portfolios. That is, the difference between the performance of assets depending on when owners financed the properties, says Jeffrey Salladin, JD, a managing director with Dallas-based private debt fund Revere Capital. “It’s a question of vintage,” he explains. “Loans originated before the rate increases — call it January 1, 2023 — are likely performing poorly and are under stress because landlords are struggling to cover debt payments that have increased substantially since then. But deals made after that date are doing well.” https://lnkd.in/dJYbn6iG Sponsored by Revere Capital #cre #comercialrealestate #office #retail

Student housing beds and land to build more units is in high demand, but today’s economic environment is requiring many developers to stretch their budgets and imaginations. See how developers are responding in, "Doing More with Less," on the cover of the July/August issue of Student Housing Business. Article by Nellie Day; insights from — James Wilhelm, American Campus Communities; Jeff Githens, PeakMade Real Estate; Alberto Gedaly, Peninsula Investments Group; Jeremy Doss, RISE A Real Estate Company; Shelby Sladick, Greystar. More Inside This Issue: ❇ Wading In  Student housing is seeing a trove of new investors. While the industry is welcoming, many advise that while the water is fine, it is not always clear.  By Randall Shearin ; insights from — Rakesh Mehta, TSB Capital Advisors; Andrew Layton,Student Quarters; Jaclyn Fitts, CBRE. ❇ Keeping an Eye on the Little Guy  Some markets are facing increased competition from shadow inventory as students examine the value (or perceived lack thereof) of purpose-built student housing.  By Nellie Day; insights from — Johanna Janovsky, Asset Living; Ashly Poyer, PeakMade Real Estate; Tadros 'Teddy' Abdelmalek, Campus Life & Style. ❇ Back to Nature  Flexible furniture designs featuring natural colors and textures are at the top of students’ wish lists for their homes away from home. By Katie Sloan; insights from — Lisa McQueeney-Dillon, University Furnishings; Andy Rosenband, MORGAN Li; Eden DeGeorge, D12 Commercial Interiors. ❇ Student Housing Industry Compensation Update  Incentive comp is down and the prevalence of “dry promotions” is up. Compiled by Josh Logelin, Specialty Consultants Inc. Read the issue: https://lnkd.in/ew9R7BxF #CRE #StudentHousing #StudentLiving #Development This issue is sponsored by TSB Capital Advisors.

Retailer Disaster Planning Speeds Timeline to Restored Operations The increasing frequency and intensity of natural disasters pose a growing threat to many restaurants and retailers. All too often, unprepared businesses struggle to contend with property damage, power interruptions and repair delays that can plague communities for months in the wake of a catastrophic wildfire or storm. “Businesses that have stores operating in hurricane-prone areas like Florida or other regions threatened by natural disasters need to have a plan in place, with committed assets or a vendor to support them in an emergency,” says Bill Schaphorst, vice president of business development at facilities repair service provider MaintenX. “A plan should tell them, No. 1, how to take care of their people and ensure they are safe,” Schaphorst says. “No. 2, a plan should lay out expectations for after the storm. How quickly can the stores reopen? How will the company staff locations in damaged areas and make repairs to resume operations?” https://lnkd.in/dhDgNkqG Sponsored by MaintenX #cre #commercialrealestate #retail #hurricane #disasterpreparedness #retail

Chick-fil-A Opens First Elevated, Drive-Thru Only Restaurant in McDonough, Georgia August 22, 2024 MCDONOUGH, GA. — Chick-fil-A Restaurants is opening its first elevated, drive-thru only restaurant in the south Atlanta suburb of McDonough today. Located at 2155 Jodeco Road, the restaurant features four drive-thru lanes that run below an elevated kitchen that is twice the size of a typical Chick-fil-A kitchen. Food reaches the delivery team members via a custom meal transport system that uses conveyer belt technology. Patrons can either order onsite with a Chick-fil-A team member or order ahead on the Chick-fil-A app. The restaurant features dedicated lanes for both ordering methods, as well as “pull-aside lanes” for guests whose orders are taking longer to fulfill. Read the article: https://lnkd.in/ewcjZt8W #CRE #Development #Georgia #Restaurant #Retail #Southeast

Hyatt Agrees to Acquire Hospitality Brand Standard International for up to $335M, Forms Lifestyle Group August 21, 2024 CHICAGO AND NEW YORK CITY — Hyatt Hotels Corporation (NYSE: H) has agreed to acquire the brands and most of the affiliates of lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. The transaction is anticipated to close later this year. The acquired portfolio will be 100 percent asset-light and includes management, franchise and license contracts for 11 open hotels with approximately 2,000 rooms, including The Standard, London; The Standard, High Line in New York City; The Standard, Bangkok Mahanakhon; and boutique properties like Hotel Saint Cecilia in Austin, Texas; and Hotel San Cristóbal in Baja California, Mexico. Read the issue: https://lnkd.in/dqftwz-9 #CRE #Acquisitions #Hospitality #Illinois #Midwest #NewYork #Northeast #TopStories

Midway into 2024, Lenders Take Note of Loan Bifurcation, Retail’s Reversal For more than seven months in 2024, the commercial real estate investment market remained on a sluggish path. High interest rates continued to not only challenge many asset owners who needed refinancing, but also buyers and sellers looking to make deals: Some $174.7 billion in property investment sales during the first half of the year was 7 percent below a year earlier, according to MSCI Real Assets. In such uncertain times, it’s not unusual for the commercial real estate market to experience bouts of bifurcation. Typically, those are marked by trends such as rising demand for higher quality offices during economic slumps when tenants can fetch discounted rents. Early in the recovery phase, it’s not unusual for investment to flow into tech-oriented metros at the expense of other cities. The Federal Reserve’s aggressive hike of the federal funds rate has created another category of bifurcation, especially as it relates to floating-rate bridge debt and how lenders are managing their loan portfolios. That is, the difference between the performance of assets depending on when owners financed the properties, says Jeffrey Salladin, JD, a managing director with Dallas-based private debt fund Revere Capital. “It’s a question of vintage,” he explains. “Loans originated before the rate increases — call it January 1, 2023 — are likely performing poorly and are under stress because landlords are struggling to cover debt payments that have increased substantially since then. But deals made after that date are doing well.” https://lnkd.in/dJYbn6iG Sponsored by Revere Capital #cre #comercialrealestate #office #retail