Happy Friday, investors! In today’s commercial real estate news—who’s to blame for the death of Sears, the hottest markets to invest in commercial real estate, and institutions look for ways to control commercial investments.
An American giant is dying, and the NYPost blames it all on CEO Eddie Lampert. Ten years ago the hedge fund billionaire bought Sears and merged it with KMart. Since then, investments in the stores’ upkeep has dwindled to where we are now.
This stage of the real estate cycle demands more precise investments. As such, investors should be heavily studying the markets before putting their money anywhere. NREOnline saves you a bit of time with the Top 10 commercial markets to invest in for 2017.
It’s all great now, but a hot commercial market now could lead to a cold recession later. Eric Rosengren, president of the Boston Fed, urged financial institutions to look beyond just interest rates for solutions to keep the commercial market in check.