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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 retail sales growth and strip center investments.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
Source: Colliers
BIG SPENDERS: Retail sales grew 3.7% year over year, outpacing 1.8% foot traffic growth. Read more here.
STRIP CLUB: The investment community finally gives retail strip centers their due. Read more here.
MEGA BYTE SITE: Microsoft plans data center campus on 1,350 AC megasite in Person County, NC. Read more here.
MOB SCENE: These are the top markets for new medical office building construction. PLAYER: Coy Davidson. Read more here.
DATA CENTERS: Serverfarm closes $3B credit facility to fund hyperscale campuses in key North American markets. PLAYER: Avner Papouchado. Read more here.
DATA CENTERS: “Largest power project in the country” receives permit to build private electricity grid for Texas data centers. Read more here.
DATA CENTERS: Red Wolf DCD Properties plans $12.6B data center campus in Kansas. Read more here.
DATA CENTERS: Century Aluminum Co. sells 750 AC site in Kentucky to TeraWulf affiliate for $200M. PLAYERS: Jesse Gary, Paul Prager. Read more here.
CRYPTO MINING: Hut 8 pivots from bitcoin mining to AI infrastructure. Read more here.
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WIND: Aikido Technologies plans to build data centers inside floating offshore wind turbine platforms in the North Sea. PLAYER: Sam Kanner. Read more here.
SOLAR: BlackRock-led consortium agrees to acquire US utility AES Corp. for $10.7B. Read more here.
SOLAR: Otovo agrees to acquire California-based EnergyAid for approximately $10M. PLAYERS: John Berger, Nick Sherman. Read more here.
SOLAR: Nofar USA acquires approximately 1 GW of solar assets from Pine Gate Renewables, expanding its portfolio to 2.3 GW. PLAYER: Allon Raveh. Read more here.
SOLAR: MacLean-Fogg acquires OMCO Solar, a US manufacturer of solar trackers and racking systems. 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.
