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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 California cold storage rules and private investments in public housing.
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COLD HARD CASH: California bills could raise cold storage development costs with $20M of contingency funds and tougher safety fines. Read more here.
HOUSING HUSTLE: HUD loosens Section 18 rules to attract private capital for public housing amid $170B in capital needs. Read more here.
DATA CENTERPIECE: Data center growth depends on power, land and demand — not just tax incentives or facility counts. Read more here.
SPOOKY SPACE: Spirit Halloween turns vacant big-box stores into 1,500 seasonal pop-ups. Read more here.
COLD STORAGE: Americold, EQT close $1.3B cold storage joint venture. PLAYERS: Rob Chambers, Alexander Greenbaum. Read more here.
IOS: Corepoint Real Estate brokers sale of 6 AC IOS In Atlanta metro area. Abe Smouha, Marc Smouha. Read more here.
SHALLOW BAY: NorthPoint Development buys Bay Area shallow bay portfolio for $87.5M. PLAYERS: Wakeel Rahman, Dustin Camloh, Graham Johnson, Jack Shea, Ryan Oberle, JT Vozar, Rebecca Perlmutter Finkel, Brooks Pedder, Tony Binswanger, Bo Harkins, Steve Roth, David Milestone, Val Achtemeier. Read more here.
SMALL BAY: Midtown Capital Partners buys Miami-area small bay portfolio for $86.5M. PLAYERS: Martin Waas, Michael Fay, David Spillers, Tommy Gil, Zach Fox. Read more here.
SELF STORAGE: SROA Capital launches $750M Capital Fund X targeting under-managed and undercapitalized self-storage assets nationwide. PLAYER: Benjamin S. Macfarland III. Read more here.
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C-STORE: CBRE facilitates sale of Sheetz convenience store in Columbus, OH, metro are for $3.4M. PLAYER: Karly Iacono. Read more here.
NEIGHBORHOOD: KRE Group sells Highlands Village Shopping Center in Bernards, NJ, to Adoni Property Group. PLAYERS: Kevin O’Hearn, Jose Cruz, JB Bruno, Cole Doyon, Max Custer, Gerard Quinn, Ryan Carroll, Kevin Badger. Read more here.
NEIGHBORHOOD: Frontier Realty Group buys Pittsburgh-area shopping center for $76M. Read more here.
DESTINATION: Destination retail plays increasingly important role in travel planning. Read more here.
GROCERY ANCHORED: Mid-America sells grocery-anchored shopping center in Chicagoland. PLAYERS: Richard Drogosz, Ben Wineman, Patrick Corrigan. 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.
