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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 San Francisco’s possible mall-to-data-center conversion and EQT’s $375M Stockbridge acquisition.
Today’s issue is sponsored by Cold Storage Summit — April 2027. High-signal. Recognizable names. Curated attendance. Request an invitation here.
MALL OF AI: Investors explore data center conversion for San Francisco’s shuttered mall space once occupied by Bloomingdale’s. Read more here.
PLATFORM PLAY: EQT agrees to acquire real estate investment manager Stockbridge in a $375M deal. Read more here.
APARTMENT PRESSURE: One in four maturing multifamily loans now fall short of refinancing requirements, raising prospect of fresh equity gaps for apartment owners. Read more here.
POWER HUNGRY: New report highlights how electricity access is increasingly determining where major US real estate and industrial projects can be built. Read more here.
IOS: Cooper-Horowitz arranges $75M IOS credit facility for Center Capital. PLAYERS: Justin Horowitz, Ben Knopf, Josh Tropper, Jack Goodman, Richard Horowitz, Jessica Lauerhass, Jeremy Cohen, Alex Valner, Jack McNamee, Ben Miller, Max Reiter. Read more here.
IOS: Alterra buys 39.4 AC IOS in Memphis, TN, for $8.5M. PLAYERS: Parker Pearson, Ben Ricketts, Chris Watson. Read more here.
SHALLOW BAY: Newmark sells shallow bay asset in Phoenix for $31M. PLAYERS: Nick Angelich, Daniel Palmieri, Gary Cornish, Nico Burgarello. Read more here.
COLD STORAGE: Cushman & Wakefield sells cold storage facility in Union City, NJ, for $6M. PLAYERS: Andrew Schwartz, Jordan Sobel, André Balthazard, Dan Bottiglieri. Read more here.
SELF-STORAGE: Mill Creek Self Storage Owner LP sells self-storage facility in Mill Creek, WA, for $23M. Read more here.
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Join hundreds of cold chain owners, investors, developers, brokers, and capital partners in Las Vegas for a day built around what actually moves deals: power-ready sites, development pipelines, institutional capital, and durable demand from food, pharma, and 3PL tenants.
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GROCERY-ANCHORED: Phillips Edison pays $69.1M for Alafaya Square, a Publix-anchored shopping center near Orlando. Read more here.
GROCERY-ANCHORED: First Washington Realty sells Miami’s fully leased Airpark Plaza for $83.25M. PLAYERS: Danny Finkle, Jorge Portela, Kimberly Flores, Evan Lahr. Read more here.
GROCERY-ANCHORED: 11North Partners buys 2 grocery-anchored shopping centers in Lahaina, HI, for $155M. PLAYERS: Bryan Ley, Tim Kuruzar, Joe Giordani, Alex Kane, Matthew Radich. Read more here.
LUXURY: LVMH pays $48M for former Saks Fifth Avenue men’s store in San Francisco. Read more here.
NEIGHBORHOOD: CTO Realty Growth buys Kansas City-area Summit Woods Crossing for $103M. 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.
