Big_Sky_MontanaGoldman60
Montage, which launched in 2002 with a resort in Laguna Beach, California, currently operates eight hotels and generated $400 million in revenue last year.

(Bloomberg)—Montage International and CrossHarbor Capital Partners LLC, a Boston-based private equity firm, are

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whole-foods
Hurricane Florence could cause as much as $60 billion in damage, CNBC reports. A Forbes contributor details lessons learned from his firm’s worst real estate deal. These are among today’s top must reads from around the commercial
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Office
Columbia Property Trust may be considering a sale of assets, and may draw considerable interest from other investors.

A shakeup may be in store for the office REIT sector with

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acquisition
Chief Executive Officer Jon Bortz said he remained bullish on the West coast and that the additional asset sales would probably increase Pebblebrook’s concentration in the market, meaning the sales would come from other regions.
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Experts note the importance of managing expectations and preparing for a downturn should rates continue to escalate over the next couple of years.
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marijuana-store
The Inception Cos. recently launched Inception REIT, which provides sale-leaseback, senior debt and capital improvement financing to businesses in the medical and recreational segments of the marijuana industry.

The legal

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Jersey Shore Premium OutletsSimon
While many CRE pros agree that outlet centers are today’s best-performing retail asset, some say the sector may be losing some of its appeal.
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apartment-exteriors
The median rent, with the value of those concessions subtracted, fell 2 percent to $3,310, according to a new report. It was the third straight month with a decline.

(Bloomberg)—Manhattan apartment vacancies dropped in August to

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seattle
A new study found that members of Generation Z are more interested in buying homes than millennials, the New York Post reports. The New York Times discusses the Carolinas’ development boom, in spite of their history of
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starbucks
Starbucks lately has struggled to boost sales in the United States. Earlier this year, the chain said it planned to close about 150 company-operated locations in densely penetrated domestic markets.

(Bloomberg)—Starbucks Corp. is giving delivery

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  1. In Palo Alto, Buying Real Estate the Size of a King Mattress Would Cost Over $80K
  2. WeWork Rival Convene Makes Play for Small, Midsize Companies
  3. 10 Must Reads for the CRE Industry Today (September 12, 2018)
  4. Tech Job Growth Continues to Create Demand for Office Space
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