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Seven Must Reads for the CRE Industry Today (June 14, 2022)

Overlooked property sectors can help investors secure higher returns, according to Commercial Observer. The Atlantic looks at why urban living suddenly got so expensive. These are among today’s must reads from around the commercial real estate industry.

  1. 8.6% Inflation Means Serious Planning for CRE “The CPI calculation—consumer price index, or what’s commonly called inflation—was expected to run warm, but not like a Miami August afternoon on the beach without an umbrella for shade. ‘A Labor Department inflation report proved many traders were wrong with identifying peak inflation,’ wrote Edward Moya, senior market analyst for the Americas at OANDA, in a note.” (
  2. Why Out-of-Favor Asset Classes Can Maximize Returns “Today, countless articles tell you how value-add, garden-style apartments in the Southeast are the safest investment. While that might still be the case, as they say in the financial markets: If you missed the wedding, you don’t want to go to the funeral. The opportunity might be overdone by now, and with construction costs spiking and supply steadily increasing, a pause is more likely than continued appreciation. So where does one invest if you don’t want to follow the herd? Out-of-favor asset classes, where there’s a catalyst that can turn it around to “in-favor,” are getting renewed focus.” (Commercial Observer)
  3. Lisa Pendergast Talks CREFC NYC, State of CRE Market “The Commercial Real Estate Finance Council (CREFC) is hosting its first in-person annual New York City conference in three years this June amid a time of market uncertainty for the industry. ‘We are coming together at such a critical time for commercial real estate finance as industry participants continue to navigate historical levels of inflation, rising interest rates and overall uncertainty in the market,’ said Lisa Pendergast, executive director of CREFC. ‘Additionally, as ESG becomes an increasingly important consideration in commercial real estate finance, we are thrilled to dedicate an entire day of our conference to this topic.’” (Commercial Observer)
  4. Why Urban Life Suddenly Got Way More Expensive “It was as if Silicon Valley had made a secret pact to subsidize the lifestyles of urban Millennials. As I pointed out three years ago, if you woke up on a Casper mattress, worked out with a Peloton, Ubered to a WeWork, ordered on DoorDash for lunch, took a Lyft home, and ordered dinner through Postmates only to realize your partner had already started on a Blue Apron meal, your household had, in one day, interacted with eight unprofitable companies that collectively lost about $15 billion in one year.” (The Atlantic)
  5. Exclusive Q&A: Kroger Sees Hybrid Shopping Growing Beyond COVID-19 “Hybrid shopping across physical and digital channels will continue growing in the post-pandemic ‘new normal.’ Chain Store Age recently spoke with Barbara Connors, VP of commercial insights at 84.51°, the data analytics subsidiary of Kroger, about the ongoing evolution of hybrid shoppers who merge their physical and digital retail activities.” (Chain Store Age)
  6. Why Californians Are Fleeing to Mexico “More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and affordable lifestyle in Mexico.” (CNBC)
  7. How to Make Malls Great Again (or Maybe for the First Time) “Some may resemble town squares, but everything about that square is private and therefore controlled — or, as the promotional literature likes to say, “curated.” That control extends to aesthetics, music and, of course, the selection of retail outlets and dining options, which in turn control the class of consumer a mall attracts. Private maintenance and security help relegate the eruptions of city life — waste, homelessness, those who don’t adhere to codes of behavior and dress — to the periphery.” (Los Angeles Times)
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