Imports at major US seaports are on track to grow 3.8% in the first half compared to the same period last year, according to NRF. Retailers are stocking up as consumer spending increases, along with uncertainty in the wake of the Trump administration's new tariffs on goods from China.
Cushman & Wakefield has filed initial paperwork with the Securities and Exchange Commission for an initial public offering. Sources say the company hopes to raise $1 billion and is looking for a valuation of at least $5 billion.
This is shaping up to be a record year for gender diversity in the boardroom, with women accounting for 31% -- the highest percentage in 10 years -- of new board members at the country's 3,000 biggest publicly traded companies for the first five months of the year, according to ISS Analytics. However, the data show women are not making significant inroads into leadership positions on these boards.
Vanguard Group picked up $3.4 billion in data tower and timber REIT shares for the first five months of the year and plans to invest further in these REITs, according to a Raymond James & Associates report. This is the first time Vanguard has added those stocks to its real estate index funds.
The Centers for Medicare & Medicaid Services' proposed skilled nursing payment model that was introduced in April has been greeted favorably by the market, according to Integra Realty Resources. "There definitely has been some movement" since the provider-friendly model was made public, says Brad Schopp, managing director of Integra's health care and senior housing practice.
VICI Properties has agreed to buy the Margaritaville Resort Casino in Bossier City, La., for $261 million in cash. The REIT will lease the property to Penn National Gaming, a triple-net lease transaction with $23 million in rent and an agreement in which Penn National will buy Margaritaville's operating assets for $115 million in cash.
CBL Properties has been increasing the share of nonapparel tenants in its portfolio, President and CEO Stephen Lebovitz says. In the first quarter, 70% of leases were with nonapparel companies, "a trend that we're going to see continue," he says.
Though once a place to find everything needed, the typical enclosed retail center is transforming across the country, writes Margaret R. McDowell of Arbor Wealth Management. Retail is returning to Main Street, and malls are replacing retail spaces with skating rinks, libraries and even schools.
New plans for Westfield Montgomery mall in Bethesda, Md., have been revealed, and they include the addition of apartments, shopping, outdoor recreation and high-end dining. The plans would help transform the space into a lifestyle destination.
Willowbrook Plaza in northwest Houston is looking for new tenants to fill several small spaces and a junior anchor. Weitzman is in charge of the project and says it is in talks with several concepts.