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It's no secret that online shopping threatens brick-and-mortar stores, but the fight is far from over as mall owners push to force online retailers to charge sales tax according to Kris Hudson and Stu Woo's "Mall Landlords Engage in a Taxing Battle," in the Wall Street Journal.
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Beazer Homes USA Inc, who have a central Florida presence and is one of the top home builders in the country, has recently formed a REIT, real estate investment trust, that will buy and rent single family homes, according to Robbie Whelan's "Builder Is Construction REIT for Home Rentals" in the Wall Street Journal. The REIT will be formed with Kohlberg Kravis Roberts & Co and, while it is privately held now, plans to be made public sometime after "the company's assets reach at least $150 million."
Susan Carey and Angel Gonzalez, in "Delta to Buy Refinery in Effort to Lower Jet-Fuel Costs", a Wall Street Journal article on April 30, discuss the announcement from Delta Air Lines to buy a refinery in Trainer, PA, near Philadelphia. The refinery will be purchased from Phillips 66, a spin off business from ConocoPhilips, to cut yearly jet-fuel costs by $300 million.
There are many reasons why you should consider doing business in Orlando. Here's our top ten.
CalWest, a 23 million square-foot portfolio of 95 properties, is expected to default in June and, in anticipation, Blackstone Group and Morgan Stanley have been buying up its junior debt is the hopes of taking over the property. Craig Karmin and Kris Hudson, in the April 10 Wall Street Journal article "Industrial-Space Showdown," detail the Blackstone and Morgan Stanley strategy for taking over the portfolio.
American International Group Inc. is planning on investing in the U.S. apartment market, Craig Karmin and Serena Ng explain in the April 10 New York Times article "Real-Estate Redux."
When properly mapped, the site selection process can save your company time and money, while providing momentum.
March 30, The New York Times published an article by James Kanter, "Europe Agrees to Bailout Fund for Euro of Over $1Trillion", discussing the measures Europe is taking to halt the European debt crisis.
"Michigan Case Puts a Chill in the Air" the April 3 Wall Street Journal article by Eliot Brown, discusses how a recent legal case in Michigan could have repercussions for commercial real-estate markets throughout the country.
Below is an excerpt from the Global Economic Round-Up.