Commercial Real Estate News for Monday May 7

In Monday’s commercial real estate news – we’ll give you a look at how cloud-based software is transforming CRE, how the fast food delivery trend is resulting in smaller restaurant space, the 10 CRE must reads, and so much more.

 

How Cloud-Based Software Is Transforming the Commercial Real Estate Industry

According to the McKinsey Global Institute, the world creates roughly 2.2 exabytes — that’s 2.2 billion gigabytes — of data every day. While this proliferation of data is spread across millions if not billions of individual devices, simply storing this much information is becoming increasingly difficult, to say nothing of organizing it.

Don’t Underestimate This Commercial Mortgage REIT’s Potential

Apollo Commercial Real Estate Finance (NYSE:ARI) is a leading Commercial Mortgage REIT. The company has recently released results for Q1 2018. Overall, the financial performance has been strong, although this quarter should be viewed as “transitional” due to the sale of the CMBS portfolio in Q4 (and loss of related interest income) and the shares issuance completed in Q1 2018 (resulting in some dilution until the proceeds are fully invested).

 

MIXED-USE PROPERTY AT FIVE WAYS, PADDINGTON, TIPPED TO FETCH MORE THAN $6 MILLION AT BURGESS RAWSON AUCTION

A retail property with shop-top housing in Sydney’s eastern suburbs is for sale for the first time in 60 years and could fetch more than $6 million at auction on Tuesday.
 

RISE IN FOOD DELIVERY LEADING TO SMALLER FAST-FOOD RESTAURANTS

Dean Venturato, from Burgess Rawson, said the rise of online food aggregators, such as UberEats and MenuLog, have reduced fast food operators’ requirement for large sites, as a proportion of diners are not ordering or consuming in-store.

 

10 Must Reads for the CRE Industry Today (May 7, 2018)

Catch up on the 10 must reads in CRE today!

 

Blackstone to Acquire Gramercy Property in $7.6 Billion Deal

Affiliates of Blackstone Real Estate Partners VIII will pay $27.50 for each Gramercy share, according to a statement Monday.

 
 

How Much Progress Has the CRE Industry Made When it Comes to Sexual Discrimination and Harassment?

According to results of exclusive research conducted by NREI women in the industry routinely face harassment and discrimination.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!