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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 new top state for business and the effect of a bankruptcy surge on CRE.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
BUCKEYE BUSINESS: Ohio now top state for business due to low costs, ample infrastructure. Read more here.
DEFAULT DEALS: Increased corporate bankruptcies trigger uptick in CRE transactions. Read more here.
CHIP STACK: Micron raises pledge to boost US semiconductor production to $250M. Read more here.
EVEN KEEL: Report finds stabilization in US industrial market. Read more here.
IOS: CenterPoint Properties sells 12 AC IOS in Miami for $51M. PLAYER: Jim Clewlow. Read more here.
IOS: Panther Capital Group completes 1st full-circle deal with sale of IOS in Laredo, TX. PLAYER: Guillermo de Nicolas. Read more here.
SMALL BAY: Mosaic Industrial buys Los Angeles small bay center for $14.1M. PLAYERS: Eyal Greenberg, Josh Honig, Jared Rechnitz, Anthony DeLorenzo, Mark Shaffer, Jeff Carr. Read more here.
COLD STORAGE: JLL sells cold storage facility on Long Island, NY. PLAYERS: Max Omstrom, Michael Kid, Andrew Presberg. Read more here.
SELF STORAGE: Marcus & Millichap sells Northwest RV & Self Storage in Phoenix metro area. PLAYER: Dean Trammell. Read more here.
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DESTINATION: Brooklyn Macy’s to become retail, entertainment hub called BKX. PLAYERS: Joshua Strauss, Scott Zinovoy. Read more here.
DESTINATION: Destination retail is hottest trend for luxury brands. Read more here.
GROCERY ANCHORED: Giant Eagle-anchored shopping center in Cleveland metro sells for $10.7M. Read more here.
C-STORE: Earnheart Oil sells retail C-store portfolio to Perfect Food & Gas. PLAYER: Jeff Traub. Read more here.
NET LEASE: Surmount facilitates $13M net lease of NYC Chase Bank branch. PLAYERS: James Ventura, Anthony Bird. 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.
