CRE Journal: Your Essential Daily Commercial Real Estate Briefing: September 12, 2024

CRE Journal: Your Essential Daily Commercial Real Estate Briefing: September 12, 2024

Here's your 5 min daily newsletter on what matters in commercial real estate.


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?? Top News

Kroger: Shrink is down in Q2 as grocer prepares for Albertsons merger Digital sales up 11% and identical store sales up 1.2% for the quarter

Cryotherapy, infrared saunas and waterslides: Luxury gyms headed for Bay Area cities Gyms coming to the South Bay will offer members amenities ranging from watersides to cryotherapy to infrared saunas.

$300M Loan Tied to Downtown L.A. Office Tower Heads to Special Servicing The revolving door of office distress in Downtown Los Angeles just keeps on spinning.?

SoCalGas Signs New Lease While Ditching Namesake Tower in Downtown L.A. The utility giant’s new lease with CIM Group is for about one-third less space than its current HQ at the Gas Co. Tower.

Lawmakers Scramble To Reform Eviction Law That Upended D.C.'s Housing Industry An under-the-radar tweak to Washington, D.C.'s Emergency Rental Assistance Program passed in 2022 created a loophole that is at the heart of the existential crisis engulfing the District's affordable housing sector.

Deloitte, Salesforce predict slowdown in holiday sales growth With fewer days for holiday shopping and macroeconomic headwind, experts are predicting less sales growth this holiday season.

Blackstone Sells Second Commercial Mortgage Bond to Fund Buyout Blackstone Inc. is selling $1.05 billion of commercial mortgage bonds to help pay for a deal it struck in April to acquire AIR Communities, an apartment landlord.

Big Lots gets OK to access bankruptcy financing Big Lots has received interim court approval to immediately access a portion of its $707.5 million available bankruptcy financing.?

Inflation? High interest rates? Nothing is slowing the luxury retail market Persistent inflation and higher interest rates might be worrying to consumers. But that hasn’t stopped many from making big-ticket retail purchases this year. Need proof? JLL says that the U.S. luxury retail sector recorded more than $75 billion in sales last year.


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?? Market News

Adobe Earnings Beat Forecasts, But Guidance Disappoints. The Stock Is Down.

Opinion: The end of cash will come at a high price — your privacy and more cybercrime

Gold hits all-time high as Fed rate-cut hopes bolster appeal

How Americans are saving money

The world population is growing older. That's bad news for the stock market.


?? Industry Insights

Los Angeles retail starts could be most modest in more than a decade

Why you should rethink AI-powered customer experience as human experience

Study: The Greater the Transparency, the Higher the Gains


?? Meme Of The Day


??? Upcoming Events

Commercial Real Estate Events Calendar

CA Rent Control Update

SIOR'S FALL 2024 EVENT

RETAIL FORWARD Powered by ICSC

ICSC@WESTERN - September 23-25, 2024 Palm Springs Convention Center

Upcoming Events Calendar

Real Estate Conferences 2024: Key Events For Industry Professionals


?? Quote of the Day

“When you invest, you are buying a day that you don’t have to work.” - Aya Laraya


?? Stay Connected

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