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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 state of CRE lending and how an event for dogs was a win for a DC area developer.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
CREDIT WHERE DUE: CRE lending hits 5-year high as bigger loans and acquisitions fuel market rebound. Read more here.
YAPPY HOUR: Chihuahua race draws tens of thousands of spectators to Washington, DC, mixed-use development. PLAYER: Jennifer Currie. Read more here.
SPLIT DECISION: Lucky Strike faces class action lawsuit accusing it of monopolizing US bowling market. Read more here.
CACHE FLOW: QTS founder launches new data center venture after $3B exit. PLAYER: Chad Williams. Read more here.
NEW VENTURE: Trade Properties launches with focus on industrial real estate. PLAYERS: Chris Adams, Josh Adams. Read more here.
IOS: IREP brokers $51.3M sale of 12-property IOS portfolio to Jadian. PLAYERS: Chip Sipple, Wade Cox, Zachary Friedman, Sara Swift, Alex Stahl, Daniel Schuchinsky. Read more here.
SMALL BAY: Digby Commercial Advisors sells Denver-area small bay portfolio for $5.4M. PLAYER: Tanner Digby. Read more here.
COLD STORAGE: Signature Associates sells cold storage asset in Detroit. PLAYERS: Drake Filippis, Chris Monsour. Read more here.
SELF STORAGE: Marcus & Millichap arranges sale of HP Storage in Houston. PLAYERS: Dave Knobler, Mixson Staffel. Read more here.
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SHOPPING MALL: Annapolis Mall sells for $272M after rapid leasing turnaround and retailer expansion. Read more here.
NEIGHBORHOOD: Asana Partners secures $200M for neighborhood centers from NYSCRF. Read more here.
NEIGHBORHOOD: Continental Realty Corp. buys 14-property shopping center portfolio spanning 7 states. Read more here.
EXPERIENTIAL: Rivian turns to Southern California shopping centers with EV charging hubs and experiential showrooms. PLAYERS: Marc Navarro, Jackie Levy. Read more here.
QSR: Quick-service chains shrink store footprints and lean into drive-thrus as consumers spend more selectively. 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.
