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Commercial Real Estate Recovery: Where Are We in the Cycle? | Mike Acton, AEW 

Foreign investors still see the US as the market they cannot leave out, but where they are putting capital is changing. This week, Gunnar Branson, CEO of AFIRE, the Association of Foreign Investors in Real Estate, joins Michael Bull, CCIM to share what the mid-year Pulse survey of institutional investors from 24 countries reveals.

Industrial and multifamily still lead the wish list, office has climbed to number 3, and for the first time a majority say energy shapes where they invest. Gunnar also explains why 90% see politics as a negative force while 94% are still thinking long term, why household stress is rising, and what it will take to build more affordable housing. Watch or listen at CREshow.com.

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Retail sales have more than doubled since the global financial crisis, yet almost no new retail space has been built, and that gap is keeping occupancy at historically high levels.

This week on America's Commercial Real Estate Show, Tom McGee, President and CEO of ICSC, joins Michael Bull, CCIM to break down ICSC's forecast of $1.7 trillion in fourth quarter retail sales, up 4.3% to 4.9%, and why the top 10% of earners now account for 50% of all consumer spending. Tom also covers the strength of grocery-anchored open-air centers, what happens to dark drugstores, and how AI is changing the way people shop.

Foreign investors still see the US as the market they cannot leave out, but where they are putting capital is changing. This week, Gunnar Branson, CEO of AFIRE, the Association of Foreign Investors in Real Estate, joins Michael Bull, CCIM to share what the mid-year Pulse survey of institutional investors from 24 countries reveals. Industrial and multifamily still lead the wish list, office has climbed to number 3, and for the first time a majority say energy shapes where they invest. Gunnar also explains why 90% see politics as a negative force while 94% are still thinking long term, why household stress is rising, and what it will take to build more affordable housing. Watch or listen at CREshow.com.

Commercial real estate has moved from downturn into recovery, but the rising tide is not lifting all boats. On this week's show, Rich Hill, Senior Managing Director and Global Head of Real Estate Research and Strategy at Principal Asset Management, joins Michael Bull, CCIM to explain why this cycle rewards selectivity. US total returns have risen for about 8 consecutive quarters, yet the bottom quartile of properties has barely recovered. Rich covers the housing mismatch, build-to-rent under the ROAD to Housing Act, the comeback in power centers, and why 90% of office vacancy sits in just 30% of buildings. He also explains how to invest with the 10-year Treasury above 5%. Watch or listen at CREshow.com.

Consumer sentiment is near the lowest readings on record, yet retail sales are running 5.3% ahead of last year, well past the National Retail Federation's 4.4% forecast. This week, Mark Mathews, Chief Economist and Executive Director of Research at the National Retail Federation, joins Michael Bull, CCIM to explain the "griping but swiping" shopper. Mark shows why most of that growth is real, with goods inflation near 0.8%, and how the top 20% of households drive about 60% of spending. He also covers the $60 billion tax refund cushion now offset by higher gas prices, why low-price retailers are winning, how AI and influencers are reshaping the path to purchase, and what to expect this holiday season. Watch or listen at CREshow.com.