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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 the extent to which people don’t want data centers in their neighborhoods and the top metro market for CRE.
Today’s issue is sponsored by Cold Storage Summit — April 2027. High-signal. Recognizable names. Curated attendance. Request an invitation here.
NIMBY: People would rather live next to a nuclear power plant than an AI data center. Read more here.
DESERT DEMAND: St. George, UT, is the country’s No. 1 ranked metro area for commercial real estate demand, NAR says. Read more here.
DISTRESS MESS: $1.3B Workspace Property Trust portfolio faces foreclosure. Read more here.
GLOW-UP: Beauty and wellness trends drive spending at retail stores and fitness centers. Read more here.
IOS: EML Realty Partners buys 10.5 AC IOS portfolio in Florida for $12.38M. PLAYER: Eric Levitt. Read more here.
IOS: Cushman & Wakefield sells 53 AC IOS on Staten Island. PLAYERS: Kyle Schmidt, Gary Gabriel, Ryan Larkin, Seth Zuidema, Helen McCarthy Paul, Rico T. Murtha, Gurpreet Singh. Read more here.
SMALL BAY: Forge RE Partners makes 1st acquisition with small bay portfolio in Charlotte metro area. PLAYER: Ben Douglas. Read more here.
COLD STORAGE: Gantry arranges $18.5M loans for cold storage facilities in North Carolina. PLAYERS: Tony Kaufmann, Jacob Davis. Read more here.
SELF STORAGE: Marcus & Millichap arranges sale of 5-property self-storage portfolio in Greater Houston area. PLAYERS: Dave Knobler, Mixson Staffel. Read more here.
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COLD STORAGE SUMMIT - LAS VEGAS, APRIL 13, 2027
Join hundreds of cold chain owners, investors, developers, brokers, and capital partners in Las Vegas for a day built around what actually moves deals: power-ready sites, development pipelines, institutional capital, and durable demand from food, pharma, and 3PL tenants.
-> Click here to request an invitation: Cold Storage Summit Ticket Request
GROCERY-ANCHORED: Northmarq arranges $32M financing for retail plaza in Queens. PLAYERS: Robert Delitsky, Charles Cotsalas. Read more here.
QSR: Wildcat Management buys 7 Brew Coffee location in Livingston, TX. PLAYER: Tanya Ragan. Read more here.
NEIGHBORHOOD: Corona del Mar strip center in Newport Beach, CA, sells for $13.7M. PLAYERS: Ron Duong, Nathan Holthouser. Read more here.
DESTINATION: Nike closes 15 retail stores across 12 states. Read more here.
C-STORE: Sunoco agrees to buy Offen Petroleum — and its 800 retail locations — for $600M. 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.
