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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 Blackstone’s $1.3T AUM and CBRE’s revenue rush.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
WITH A T: Blackstone’s AUM hits record $1.3T, driven largely by AI-related investments. Read more here.
Meanwhile…
BIG BYTES: CBRE’s revenue jumps 19% on back of data center services growth. Read more here.
CHILLY RECEPTION: Barclays downgrades Americold and Lineage cold storage REITs. Read more here.
BON APPETIT: QSR real estate footprints are getting smaller… and smarter. Read more here.
IOS: Open Industrial, NPG form partnership, buy 3.2 AC IOS in Los Angeles. PLAYERS: Lee Sager, David Harris, Benji Miller, Blake Potolicchio, Matt Potolicchio, Chad Pitts, Chad Solomon. Read more here.
SMALL BAY: WareSpace buys 1st location in Seattle metro area. PLAYERS: Jeff Jenkins, Joseph Ely, Levi Cohen, Jeffrey Giese, Rick Page, Connor Powell. Read more here.
SMALL BAY: Marcus & Millichap sells Long Island small bay facility for $54.22M. PLAYERS: Michael Tuccillo, Anthony Cerrone. Read more here.
COLD STORAGE: Wolf Investment Partners arranges $5,875,000 refi loan for Boston area cold storage asset. PLAYER: Michael Gefter. Read more here.
SELF STORAGE: Versal arranges sale of Lasoto Self Storage in DFW metroplex. PLAYERS: Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne. Read more here.
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DESTINATION: GID Development Group completes 1st phase of High Street mixed-use project in Atlanta metro. Read more here.
DESTINATION: Why Gen Z is driving massive change in physical retail spaces and strategies. Read more here.
C-STORES: Fresh Stop raises $13.2M to buy 4 Texas convenience stores. PLAYER: Jeff Kremin. Read more here.
C-STORES: Royal Farms prepares to open 1st South Carolina location in Myrtle Beach. Read more here.
C-STORES: Texas-based Yesway makes Nasdaq debut. PLAYER: Thomas Trkla. 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.
