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Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. One scroll saves you hours. Today, we learn about office tower fire sales and diversity in small- and mid-bay industrial.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
BAY WATCH: New BKM Capital Partners report highlights diversity of small- and mid-bay industrial. Read more here.
FIRE SALE: Distressed office towers are selling at 90% or higher discounts. Read more here.
SERVER SINKHOLE: Data center tax breaks cost Texas $2.3B in lost tax revenue. Read more here.
REALTY RUT: Global property returns slow; North America leads, data centers outperform, office lags globally. Read more here.
SHALLOW BAY: CanTex Capital announces sale of majority interest in DFW shallow bay portfolio. PLAYERS: Romy Cheema, Joe Chien. Read more here.
SMALL BAY: Basis Industrial buys small bay portfolio in Southeast for $144.6M. PLAYERS: Luke Colbert, Anthony Scavo, Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin, Aaron Appel, Jonathan Schwartz, Michael Brown. Read more here.
IOS: JLL sources $226M in financing for Jadian IOS portfolio. PLAYERS: Peter Rotchford, Tyler Peck. Read more here.
COLD STORAGE: NAI Puget Sound Properties sells cold storage in Seattle metro for $16.5M. PLAYERS: Jeff Forsberg, Arie Salomon, Patty Bell. Read more here.
SELF STORAGE: SROA Capital sells 15-asset self-storage portfolio for $98M. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, Cold Storage List, and Self Storage List.
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TRENDS: Retail construction sinks to near decade lows. Read more here.
REITS: Ares Management buys Whitestone REIT at $1.7B valuation. Read more here.
NEIGHBORHOOD: JLL arranges $20.5M refinancing loan for Stafford Park in coastal New Jersey. PLAYERS: Jim Cadranell, Ryan Carroll, Christian Badalamenti. Read more here.
GROCERY ANCHORED: Medipower buys 7-property retail portfolio for $115M. Read more here.
C-STORE: Costco plans standalone gas stations for members. Read more here.
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Disclaimer: The authors of CREalts are not finance or tax experts. This email is for educational use and not financial advice. Do your own research and consult with professionals before making financial decisions. Our content, which may contain affiliate links and sponsor posts, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information. Past performance of any asset is not indicative of future results.
