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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 xxx and xxx.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
PULLING THE PLUG: Plans for world’s largest data center project in Northern Virginia officially scrapped. Read more here.
SERVER SITCH: Up to 35% of $10B Starwood fund for distressed assets will target data centers. Read more here.
FERTILE GROUND: USDA will invest $500M to fund domestic fertilizer production facilities. Read more here.
SUCCESS STORY: How ridiculed Las Vegas Sphere became world’s highest-grossing entertainment venue. Read more here.
SHALLOW BAY: Merritt Properties secures $750M investment for shallow bay portfolio expansion. PLAYERS: Robb Merritt, Scott Dorsey, Bobby Lanigan. Read more here.
SMALL BAY: Private Capital Partners sells Inland Empire industrial park for $13.5M. PLAYERS: Matt Pourcho, Matt Harris, Anthony DeLorenzo. Read more here.
IOS: TruCore Industrial buys 19 AC IOS portfolio in Casper, WY. PLAYERS: Zachary Harris, Hunt Rose. Read more here.
COLD STORAGE: JLL sells cold storage facility in Upstate New York for $43M. Read more here.
SELF STORAGE: MyPlace Self Storage acquires facility in Greater Orlando area. PLAYERS: Farah A., Zak Dorler, Lauren Siano, Sawyer Weddle, Matt Wess, Austin McLeod, Miles Brinson. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, Cold Storage List, and Self Storage List.
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DESTINATION: Bass Pro Shops announces mega-store plans for San Diego area. Read more here.
SALE-LEASEBACK: Family Dollar completes $75M multi-state sale-leaseback deal. Read more here.
QSR: Einstein Bros. Bagels contemplates 300 new stores by 2030. Read more here.
NEIGHBORHOOD: DLC Management Corp. buys Charlotte, NC, shopping center for $36.6M. Read more here.
SHOPPING MALLS: Inside the South Florida mall-to-multifamily conversion boom. 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.
