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As Conversions Grow, Property Managers Must Remain Flexible

As Conversions Grow, Property Managers Must Remain Flexible
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City National Bank Promotes Lindsay Dunn to Executive Vice President and Head of Real Estate Banking

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
City National Bank Promotes Lindsay Dunn to Executive Vice President and Head of Real Estate Banking
City National BankFebruary 10, 2021 GMT
Dunn Succeeds Mark Forbes;
Forbes Becomes Vice Chairman of Real Estate Banking
LOS ANGELES, Feb. 10, 2021 (GLOBE NEWSWIRE) City National Bank, America’s Premier Private and Business Bank®, today announced that Lindsay Dunn has been promoted to executive vice president and head of Real Estate Banking, responsible for providing a wide range of financial services to real estate developers and investors in markets in which the bank operates. She has joined City National’s Executive Committee and reports directly to President Richard A. Raffetto. Mark Forbes, former executive vice president and head of Real Estate Banking, has moved to the new role of vice chairman of Real Estate Banking. ....

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Global Smart Wearable Market - Market to Grow by 19.48% from 2021 - 2026

Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Smart Wearable Market - Market to Grow by 19.48% from 2021 - 2026 - ResearchAndMarkets.com
February 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 8, 2021
The shipment volume of smart wearables globally stood at 266.3 million units in 2020 and is projected to reach 776.23 million units by 2026, registering a CAGR of 19.48% during the period of 2021-2026.
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Wearable technology, an emerging trend, integrates electronics to daily activities and addresses the changing lifestyles with the ability to be worn on any part of the body. Factors, such as the ability to connect to the internet and provide data exchange options between a network and a device, are leading to the trend of wearable technology. ....

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Record retailer closings are translating into significantly higher shopping center vacancies

Record retailer closings are translating into significantly higher shopping center vacancies
Stan Bullard
Shoppers not going to the empty storefront that held a Pier One Imports store in Avon until last year means the pedestrian crossing gets less use.
As Rustom Khouri, CEO of Westlake-based real estate development company Carnegie Management & Development Corp., discusses conditions among the firm s shopping centers in 17 states, he sees the challenge as weathering the storm.
In Northeast Ohio, he owns three centers with substantial movie theaters that are not paying rent amid the pandemic and feels the company has a lot of vacancies. He s also thankful that his company kept leverage, and mortgage payments with it, low over the years. ....

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Six Must Reads for the CRE Industry Today (Feb. 6, 2021)

Six Must Reads for the CRE Industry Today (Feb. 6, 2021)
There are more signs that even after the pandemic that corporations will be opting for a blended work model. A survey from Fortune found that only four percent of CEOs are looking to add office space. Meanwhile, LVMH is moving to bring Tiffany staff back to its office for a minimum of two days per week starting in March, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Work-from-home isn’t going away: Only 4% of CEOs plan to add office space “Once the vaccine is fully rolled out, we ll find out what the future of remote work is. To get a sense of where we re headed, Fortune conducted a survey of CEOs in collaboration with Deloitte. We received over 100 responses from executives between January 5 and 13. We asked CEOs similar questions in our September 2020 survey so we can see if CEOs are changing their minds.” ( ....

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