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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 hot battery storage market and how big banks are coming back to CRE lending.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
POWER PLAYS: Battery storage is becoming the hottest new CRE asset class. Read more here.
LOAN RANGERS: Major banks are boosting CRE lending as deal activity increases. Read more here.
MAJOR MERGER: Prologis makes $18.7B bid for UK-based Segro. Read more here.
NAME GAME: Brookfield Properties rebrands as BGRE. Read more here.
SMALL BAY: WareSpace buys warehouse portfolio, Jadian commitment upped to $500M. PLAYERS: Levi Cohen, Jeff Jenkins, Joseph Ely, Jeffrey Giese, TJ Cameron, Austin Riel, Jack DiNardo, Jarret Cohen. Read more here.
SMALL BAY: Speed Bay Warehouse Solutions buys small bay industrial park in Denver metro area. PLAYERS: David Spira, Phil Shovein, Jimmy Mulvihill, Rob Sistek, Matthew Stephenson, Lainie Papadakis Minick, Michael Moriarty, Jenna Macartney, Howard Pollack, Peter Merrion, Robert Key. Read more here.
IOS: Preferred Real Estate Brokers sells 39.05 AC IOS portfolio in WY for $8M. PLAYERS: Zachary Harris, Steve LaFortune Jr., Mark Williams. Read more here.
COLD STORAGE: Colliers facilitates sale of future Greater Los Angeles cold storage facility. PLAYERS: Stan Kwak, Selden McKnight, John Biven, Chris Ehrlich. Read more here.
SELF STORAGE: Public Storage acquires CubeSmart-managed San Antonio self storage facility. PLAYER: Jon Danklefs. Read more here.
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PET STORES: Tractor Supply Co. is closing 75 Petsense locations. Read more here.
EXPERIENTIAL: Gen Z is driving force for experiential retail. Read more here.
QSR: Four Corners Property Trust buys Buffalo Wild Wings location for $2.9M. Read more here.
MED-ANCHORED: JLL secures acquisition financing for fully leased retail center in Southlake, TX. Read more here.
C-STORES: 7-Eleven appoints new CEO. 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.
