How Will Fewer Halloween Pop-Ups Impact Commercial Real Estate?

Fall isn’t just the season of colored leaves and pumpkin spice; it’s a season when Halloween dominates. Consumers spend billions each year on Halloween, from candy to costumes to decorations.

This year, however, things are looking different. Many Halloween plans will be canceled due to the coronavirus pandemic, and many consumers will limit their purchases due to financial constraints. All told, the National Retail Foundation anticipates an $8 billion drop in spending, which means retailers who pay to open seasonal pop-up stores may not get their money’s worth.

In fact, Party City (NYSE: PRTY) has reduced the number of its Halloween pop-up stores by 91% given the circumstances at hand. The retailer is opening 25 pop-ups, compared to the 275 locations it normally operates this time of year. And that’s undoubtedly been hard on commercial landlords nationwide.

Losing pop-up tenants is a huge blow

Property owners and landlords rely on

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Cherre’s Real Estate Data and Analytics Platform Wins Real Estate Tech Award for Data

NEW YORK, Oct. 23, 2020 /PRNewswire/ — Cherre, the award-winning real estate data management platform, today announced that they are a Seventh Annual Real Estate Tech Awards (#RETAS) winner in the data category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry. This is the third consecutive year that Cherre has been a category winner, previously receiving RETAS in the AI, Geospatial and Mapping, and Information and Intelligence categories.

Sponsored by JLL Technologies, the Real Estate Tech Awards (#RETAS) are the leading international award honoring excellence in commercial real estate tech. The awards recognize the most cutting-edge companies who have played an integral role in advancing tech in the industry throughout the year. Backed by the leading VCs, angel investors, corporate investors and thought leaders in the commercial real estate tech industry, the awards were open to startups

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United Bankshares: Confident In The Q3 Results But Exposure To Commercial Loans Remains (NASDAQ:UBSI)

Introduction

United Bankshares (UBSI) still needs to report its Q3 results and ahead of the release (next week), I noticed the option premiums have reached interesting levels as market makers are bracing for the uncertainty surrounding the Q3 results. An excellent cue for me to have a look at how the bank performed in the first half of the year and how the bank’s risk management department has been dealing with the balance sheet.

ChartData by YCharts

The H1 results indicate a strong profitability

In the first half of the year, United Bankshares saw its net interest income increase as the interest expenses decreased at a much faster pace than the interest income. This even accelerated in the second quarter as although the interest income decreased by a little bit less than 0.5%, the interest expenses decreased by more than 40% resulting in a $20M expansion of the net interest

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Oak Hill Advisors Announces Appointment Of Matt Borstein To Lead The Firm’s Real Estate Investment Activities

Press release content from PR Newswire. The AP news staff was not involved in its creation.

NEW YORK and LONDON, Oct. 22, 2020 /PRNewswire/ — Oak Hill Advisors, L.P. (“OHA”) today announced that Matt Borstein, formerly Global Head of Commercial Real Estate at Deutsche Bank, will join the firm as Partner and lead OHA’s expansion of its real estate investment activities. Mr. Borstein will bring his deep management experience and wide-ranging expertise to build out OHA’s real estate-focused investment team and deploy capital across a range of real estate opportunities including loans, securities and hard assets.

Glenn August, Founder & Chief Executive Officer of OHA, said: “We are excited to welcome Matt into our organization and look forward to benefiting from his exceptional network of relationships, deep insights into evaluating real estate markets and strong track record of performance. We believe there is an extraordinary opportunity

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U.S. Commercial Real Estate Showing First Signs of a Thaw

(Bloomberg) — Prices on U.S. commercial real estate deals showed signs of improvement in the third quarter, though the number of transactions tumbled as Covid-19 continued to hammer the economy, according to Real Capital Analytics Inc.



Philip Gaucher et al. sitting at a bus stop: Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.


© Bloomberg
Customers sit in the outside dining area of a restaurant in front of an empty storefront displaying a retail space information on Madison Avenue in New York, U.S., on Saturday, Sept. 26, 2020. The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.

While investment volume fell 57% from a year earlier, prices climbed 1.4% on average, the research firm said in a report Wednesday. Deals picked up from the previous quarter, exceeding typical seasonal changes.

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“Everything is not gloom and doom in the commercial property

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ZK International Group Co., Ltd. Approved as a Key Supplier to China’s Top 5 Commercial Real Estate Enterprise

WENZHOU, China, Oct. 22, 2020 /PRNewswire/ — ZK International Group Co., Ltd. (ZKIN) (“ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that the Company has been approved as a Qualified Supplier for the Suning Real Estate Co., Ltd (“Suning Real Estate”), which in 2019, Suning Real Estate ranked among the TOP 5 of China’s Top 100 Commercial Real Estate Enterprises, the TOP 20 of China’s Most Valuable Real Estate Brands and the TOP 50 of China’s Top 100 Chinese Real Estate Enterprises.

On October 19, 2020, the Company was approved as a Qualified Supplier for Suning Real Estate, which now gives the Company the ability to increase its order flow by being able to supply stainless steel piping products to all of Suning’s projects across China. The subsidiaries

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18-Hour Cities, Remote Work And More Emerging Trends That Will Shape Real Estate In 2021

The Urban Land Institute and PwC US have released a new report, Emerging Trends in Real Estate 2021, highlighting the evolving trends shaping the real estate industry.

The report, which includes proprietary data and insights from more than 1,600 leading real estate industry experts, explores how Covid-19 spawned new trends such as an increased focus on social justice and health and wellness, and stopped others in their tracks, like the appeal of big cities.

The report examines how the pandemic heightened the desirability of lower density areas for both residential and commercial real estate, with interest concentrated in the Sunbelt markets.

Cost-conscious companies will gravitate toward cities that are business friendly and low cost with large, growing workforces. Raleigh/Durham, North Carolina, for example, is nicknamed the Bay Area of the East Coast, due

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Dallas is 2020’s top commercial real estate market

Even with the pandemic, Dallas is leading the country in commercial real estate deals.

North Texas topped much larger markets – including Los Angeles and Manhattan – as the U.S. metro area with the largest volume of commercial property transactions, according to a just released report from Real Capital Analytics.

Almost $12.8 billion in real estate acquisitions in the Dallas area were recorded through September.

“Dallas sits at the top of the leader board for deal volume in the first nine months of the year,” analysts with the respected research firm said. “Normally, Manhattan would occupy the #1 slot.”

Houston ranked ninth with about $5.5 billion in transactions.

Dallas was in third place for property purchases in Real Capital Analytics’ 2019 comparison, behind LA and Manhattan.

North Texas rocketed to the top of the list this year for the first time because of some huge property purchases in the first

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3 Real Estate Stocks With Yields of 5% or More

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Real estate investment trusts, or REITs, offer some of the best investment opportunities, with dividend yields to boot. Real estate stocks also offer you an opportunity to invest in real estate without having to own property.

The best part – oftentimes, you’ll make more money with an REIT than you will with an average stock or bond. And more often than not, REITs have a strong history of outperforming in times of rising and falling interest rates. They’re also recession proof.

In addition, by law, REITs are required to pay out 90% of their taxable income annually in the form of a dividend. That’s another reason they perform so well in any economic environment.

At the same time, it’s important to invest in REITs that have sustainable yields, too. After all, with the current pandemic still wreaking havoc, REITs exposed

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Danish Plan to Cut Tax Loophole Has Real Estate Funds Worried

(Bloomberg) — Real estate investors are trying to figure out how to block a proposal by Denmark to close a legal loophole through which they’ve enjoyed virtually unlimited tax deferrals on value gains.



a group of people walking down a street next to tall buildings: Pedestrians pass along a street lined with commercial and residential buildings beyond the parliament, top, in central Copenhagen, Denmark.


© Bloomberg
Pedestrians pass along a street lined with commercial and residential buildings beyond the parliament, top, in central Copenhagen, Denmark.

The plan, which still needs to go through parliament, represents the latest step by Denmark to rein in commercial property companies. The Social Democrat government has criticized the industry, arguing it’s padded its pockets while leaving average residents struggling to pay rent.

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“Foreign investors have been able to push back tax payments for eternities and that is of course completely unacceptable,” said Christian Raabjerg Madsen, a member of the parliamentary finance committee for the ruling Social Democrats, and the party’s finance speaker.

Denmark’s government wants to use the extra tax revenue to cover the

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