- CRE Daily
- Archive
- Page 58
Archive
๐ฝ NYC landlords holding 60K+ apartments for "ransom"
๐ข NYCโs 4th-largest office tower opened its doors. ๐ธ Investors are selling Fannie and Freddie CRTs like hotcakes. ๐ฆ Blackstone (BX) and Prologis (PLD) are vying for control over warehouses. ๐ฎ More than 60,000 rent-stabilized apartments are now vacant โ and tenant advocates say landlords are holding them for โransomโ.


Demand for manufactured and modular homes, Chicago sells vacant lots, and DSTs are back in style
The demand for manufactured and modular homes that could solve the housing shortage is surging in cities around the U.S. Chicago plans to sell 4,000 vacant lots in an initiative to fight crime and revitalize neighborhoods with affordable housing Investors are turning to DSTs as a flexible and convenient way to diversify their real estate portfolios while also avoiding taxes.

EQT Exeter raises $3B, Titans reach deal for a new stadium, and Yellen sounds the alarm on Treasuries
EQT Exeter raises $3B from global investors for its new and oversubscribed industrial real estate fund. The NFLโs Tennessee Titans reach a deal with the state to build a new, $2.1B football stadium. Treasury Secretary Janet Yellen hints that all is not well with the U.S. Treasuries market. Meanwhile, Bell Partners snaps up a four-state multifamily portfolio for $313M for its latest fund.

Retailers are starting Black Friday sales early
๐ฅ The Fed believes that the shift to remote work could lead to a SFR housing boom ๐ฐ A Houston billionaire is betting big on the recovery of the Las Vegas strip ๐ฆ Big box retailers canโt wait to unload their excess inventory ๐ $80bn of DC capital is currently invested in private real estate



Growing Pains: The Future of โData Center Alleyโ
Residents of Loudoun County, VAโthe data center capital of the U.S.โare pushing back against the new constructions dominating their hometown. Dallas investors just snatched up a 93%-occupied, 7-state multifamily portfolio of secondary and tertiary market properties. Meanwhile, small businesses priced out of warehouses are scrambling to find new places to stash their inventories.

Micron Taps New York, Not Texas, For $100B Factory
A small Texas town is disappointed after Micron decides to build a new chip factory in New York instead. Brick-and-mortar retail recorded its best year since 1995 as many growth metrics exceed pre-pandemic levels. Meanwhile, with nearly all sectors in the red, asset managers canโt seem to agree on how much they should invest in public vs. private markets. . Letโs dive in!

NYC Office Buildings Face a $50B Wipeout
As the economic rollercoaster continues, NY office properties could be facing a steep $50B wipeout in value. Richmond and Minneapolis are now prime locations for medical office buildings. An old Koreatown retail center in LA just sold for a record-breaking figure. Meanwhile, Prologis has completed its all-stock acquisition of Duke Realty Corporation worth $23B. Let's dive in!
