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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 optimism at the Port of Los Angeles and the nearly $77B worth of maturities facing refinancing risk.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
CARGO COMEBACK: Port of LA expects cargo rebound after SCOTUS ruling against tariffs. Read more here.
MATURITY MELTDOWN: About one-third of 2026’s $76.6B in hard maturities face refinancing risk. Read more here.
UNITS UNDERWATER: Banks hold $7.1B in seriously delinquent multifamily loans as credit stress rises. Read more here.
TECH TENSIONS: Blue Owl denies financing trouble on $4B CoreWeave-leased Pennsylvania data center. Read more here.
LUXURY: High Star Ventures to sell $104.5M in unrated bonds for Utah’s High Star Ranch. Read more here.
LUXURY: Host Hotels REIT sells 2 Four Seasons resorts for $1.1B. Read more here.
LUXURY: Accor leans on brands like Orient Express, Raffles and Fairmont to deepen ultra-luxury experiential hotel offerings. PLAYER: Agnès Roquefort. Read more here.
LUXURY: IGH launches Noted Collection luxury brand, targets 48% upscale portfolio growth and $950M share buyback. PLAYERS: Michael Glover, Elie Maalouf. Read more here.
EXTENDED STAY: New York’s Tunnel to Towers Foundation buys Charlotte Sonesta hotel to convert into 117 veteran housing units. Read more here.
PICKLEBALL: CityPickle to open New York’s largest pickleball club in Times Square’s historic Paramount Building. PLAYERS: Marty Cottingham, Michael Gottlieb, Patrick Steffens, Alexis Odgers. Read more here.
SPORTS: Arizona Cardinals begin construction of new training facility in Phoenix. Read more here.
REC STORAGE: $250M Go Store It/GEM Realty Capital JV buys boat and RV storage portfolio in Houston area. PLAYERS: Scott Hastings, Banks Brown. Read more here.
MARINA: Bain Capital/BlueWater Marinas JV buys Bayside Marine in Greater Boston area. PLAYERS: Andrew Terris, Joe Miller. 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.
