Watch as Apollo Global Real Estate President & CEO, Joseph Azrack, talks about the future of commercial real estate finance, including what Azrack sees in the coming months and years in the U.S. and Europe and in the CMBS and equity markets, as well as what he sees as needing to happen both in the U.S. and Europe to get to CRE Finance 2.0 and beyond.
Back-to-school is the second biggest shopping season for U.S. retailers. But shoppers are favoring discounters more, including off-price chains, dollar stores, and lines like Macy’s Backstage and Nordstrom Rack. Plus, interest rate survey data from Trepp.
Macy’s has announced plans to close 100 of its 675 traditional full-price locations and to increase investment in its online channel, which heightened concern about bricks-and-mortar retail versus e-commerce and led regional mall REITs lower. Plus, interest rate survey data from Trepp.
Thanks to strong market fundamentals, positive second-quarter earnings reports, and post-Brexit assurances of ongoing low interest rates, real estate investment trusts (REITs) pushed forward in July with a 3.87 percent total return, with the lodging segment posted the strongest total returns for July at 10.23 percent. Plus, interest rate survey data from Trepp.