DAILY READS: Feb. 11, 2020
Federal government looking to sell off assets. Dallas-Fort Worth had second biggest construction pipeline in 2019. Restaurant chains struggling to survive despite record spending. Here’s a batch of other critical content for you to read, listen to or watch.
The Federal Government is Starting Surplus Real Estate Dispositions. What鈥檚 on Offer?
鈥淭he Public Buildings Reform Board (PBRB), an independent federal agency established by the Federal Assets Sale and Transfer Act of 2016 (FASTA), has released its first 12 federal assets , with a cumulative value of between $500 and $750 million, for disposal by the General Services Administration (GSA).鈥�
鈥擭ational Real Estate Investor
Dallas-Fort Worth鈥檚 Construction Boom Ranks Second Nationally in 2019
鈥淒allas-Fort Worth was the second busiest building market in the country last year with almost $22.5 billion in construction. Only New York City had more total construction 鈥� both residential and nonresidential 鈥� than the D-FW area, according to information from 糖心Vlog Data & Analytics.It was the fourth year in a row that annual building starts in North Texas topped $20 billion 鈥� an unheard of pace of construction for the D-FW area.鈥�
鈥擠allas Morning News
Plans for NYC鈥檚 First Soccer Stadium Inch Forward in the Bronx
鈥淭he group of developers and the New York City Football Club are close to reaching a deal with the city to bring a 25,000-seat stadium to the South Bronx as part of a $1 billion development plan that also includes a hotel, new school, and affordable housing.鈥�
鈥�6蝉辩蹿迟
Restaurant Chains Struggling to Survive Despite Record Economy, Food Spending
鈥淭hat macro-change in eating habits has helped drive up the number of restaurants, and thus the competition. There are now more than a million U.S. restaurants, according to the National Restaurant Association. Each year since the recession, the number of restaurants has grown by 1% to 1.2%, or up by a net of 10,000 or more per year.鈥�
鈥擝颈蝉苍辞飞
Treasury Yields Jump on Easing Coronavirus Concerns Ahead of Powell Testimony
鈥淢eanwhile, the Fed鈥檚 Powell will speak in front of Congress as part of the semi-annual monetary policy testimony where he could hand out clues on the direction of interest rates. His remarks will come as traders price in increased expectations of a rate cut this year.鈥�
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What Should San Diego Do With its Sports Arena Property?
鈥淭he Midway District, home to San Diego鈥檚 54-year-old sports arena and a hodgepodge of retail and industrial buildings, is not a landmark destination. But it could be. At least that鈥檚 the thinking behind the city鈥檚 long-held desire to dramatically remake the district, starting with 48 acres it owns around Pechanga Arena San Diego.鈥�
鈥擲an Diego Union-Tribune
Morgan Stanley Provides $78M CMBS Refi on Bronx Rental Portfolio
鈥淭he investment bank provided $77.7 million to FTERE to refinance previous debt from Customers Bank and Valley National Bank encumbering a portfolio of eight rental assets in the borough, a source said. This marks at least the third Morgan Stanley financing that FTERE has nabbed for a Bronx rental portfolio since the start of this year.鈥�
鈥擟ommercial Observer