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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 a potential self-storage comeback and a legal battle between two major brokerages.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
STORAGE WARS: Investors eye potential self-storage comeback as new construction slows. Read more here.
BATTLE ROYALE: Sotheby’s vs. Cushman & Wakefield in legal battle over $10M commission. Read more here.
PUMP & PROFIT: Rural convenience chain Yesway plans to raise $321M in IPO. Read more here.
SILICON SAFEKEEPING: Data centers represent more than $2T of insurable value. Read more here.
LUXURY: Demand for luxury hotels remains as Northwood lists historic Florida Keys lodge for $300M. Read more here.
LUXURY: DoveHill buys historic Mayflower Inn & Spa in Connecticut. PLAYERS: Jake Wurzak, Charles Paloux. Read more here.
EXTENDED STAY: G6 Hotels buys former Extended Stay America Select in Birmingham metro for more than $11M. Read more here.
EXTENDED STAY: Sonnenblick-Eichner arranges refi for Bay Area extended stay hotel. PLAYERS: Elliot Eichner, Patrick Brown. Read more here.
SHORT-TERM RENTAL: AirDNA releases list of top US college markets for Airbnb investors. Read more here.
COUNTRY CLUB: Entrepreneurs plan luxury “urban country club” in Seattle. PLAYERS: Shankar Sundaram, Ryan Schaffer. Read more here.
COUNTRY CLUB: From unmarked graves to overdevelopment worries, sale of Tallahassee country club is mired in controversy. Read more here.
EXPERIENTIAL: Candy Hall of Fame Experience in Chicago planned for 2027 opening. PLAYERS: Scott Goodman, Jeff Rubin. Read more here.
CAMPGROUND: Eastern Kentucky’s $4.5M Elk View Campground opens. Read more here.
SPORTS COMPLEX: $13.66M construction contract for sports complex in Fayetteville, NC, gets go-ahead. 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.
