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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 Q1 industrial price growth per SF and a record CRE mortgage debt level.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
SECTOR SPLIT: Industrial leads CRE price surge as hospitality remains below peak. Read more here.
DEBT CEILING: Commercial and multifamily mortgage debt topped $5T in Q1. Read more here.
GRID, LOCKED: Rising costs and power constraints cloud data center expansion. Read more here.
NOT JUST TOWELS: Bed Bath & Beyond buys Fathom Holdings real estate platform for $53.4M. Read more here.
IOS: APEX buys 11.7 AC IOS property in Jacksonville, FL. PLAYERS: Alex Olshansky, Steve Ruimy, David Hovis, Kyle VanCamp. Read more here.
IOS: Marcus & Millichap sells 1 AC IOS in the Bronx for $10.28M. PLAYERS: Jakub Nowak, Steven Siegel. Read more here.
COLD STORAGE: Vertical Cold Storage buys facility in Dothan, AL. PLAYERS: Jim Henderson, Turner Jones. Read more here.
SMALL BAY: Miramar Capital Advisors buys industrial park in Phoenix metro. PLAYERS: Chris McClurg, Ken McQueen, Peter Eichler, Brandon Miller, Sallar Tahbaz, Will Strong, Molly Miller. Read more here.
SELF STORAGE: Legacy Pointe Properties secures $60M refi for 6-asset self storage portfolio in Charlotte, NC, metro area. Read more here.
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DESTINATION RETAIL: Online home furnishings giant Wayfair plans to open physical store in Princeton, NJ. PLAYERS: Liza Lefkowski, Carmen Decker. Read more here.
TRENDS: Retail performance in California remains strong along the coast, softer inland. Read more here.
GROCERY-ANCHORED: Kite Realty Group REIT buys 2 grocery-anchored shopping centers for $136M. PLAYER: John Kite. Read more here.
GROCERY-ANCHORED: Corrigan Investments sells affluent Pavilion on Lovers Lane in Dallas. PLAYERS: Barry Brown, Erin Myer, Wally Reid, Kristi Leonard, Luke Rogers. 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.
