10 Must Reads for the CRE Industry Today (July 24, 2105)

by The National Real Estate Investor

1. MetLife Extends Property Bet With $505 Million of Orlando Loans“MetLife Inc. loaned $505 million to help refinance a hotel portfolio at Universal Orlando Resort as the largest U.S. life insurer seeks higher-yielding assets. MetLife extended the loan to an investor group including affiliates of Loews Hotels & Resorts, NBCUniversal and Hard Rock International.” (Bloomberg)
2. Hudson’s Bay Chairman Says Real Estate Venture Could Be Model for Retailers “Hudson’s Bay Co.  Chairman Richard Baker says a joint-venture his company set up for some of its real estate could be a model for rivals who are under pressure to extract value from their properties. In an interview, Mr. Baker said many retailers aren’t properly valued by the market because investors don’t fully understand the real estate they hold.” (Wall Street Journal)

Read the rest of the article at The National Real Estate Investor