Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There's debate as to whether the recession-proof nature applies even during a pandemic. But it's not deterring some from opening new laundromats, at a time...
Bed Bath & Beyond Sells Cost Plus World Market
Bed Bath & Beyond Inc. BBBY, -1.14% announced Monday that it has entered into a definitive agreement to sell Cost Plus World Market for an undisclosed amount to Los Angeles-based private-equity firm Kingswood Capital Management. The deal includes 243...
Public Storage Expands With $528M Portfolio Acquisition
Public Storage has acquired 24 properties with 2.3 million square feet of space from Beyond Self Storage in the first phase of a 36-property portfolio transaction totaling 3.6 million square feet and valued at $528 million. The first phase includes existing properties...
Self Storage Rents Continue Strong Rebound
Self storage continued to prove its resilient nature in October, with significant improvement in street rate performance across the U.S. On a year-over-year basis, street-rate rents increased 2.7 percent for the average 10×10 non-climate-controlled and 0.8 percent for...
Apartment Investors Mull Opportunities in Distressed Malls
Apartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the pandemic,...
NYC Poised for 2021 COVID Comeback with Major Real Estate Developments
Amid rising COVID cases and looming lockdowns, my fellow New Yorkers should take heart — because we will have a greater city to look forward to once this pandemic’s over. Although the flight from the Big Apple, increasing crime, and possible MTA cuts are dominating...
Mixed Retail-Industrial Uses Present a New Opportunity for Investors
In commercial real estate, the impact of the coronavirus pandemic and related shutdowns has led to profound and seismic shifts. To some extent, those shifts reflect an acceleration of trends that were already underway. One of the most noteworthy of those is the...
Uncertainty Shades a Once-Soaring Multifamily Construction Market
The developer TPA Residential recently selected McShane Construction to build Woodward Crossing, a Class-A, 265-unit apartment complex on 7.8 acres in Buford, Ga. The apartments would be inside two buildings, four and five stories, designed by the architecture firm...
Why Dunkin’ Is Worth Nearly $9 Billion
That’s a lot of doughnuts DealBook’s Lauren Hirsch broke the news yesterday: Dunkin’ Brands is close to a $8.8 billion deal to sell itself to Inspire Brands, the restaurant operator backed by the investment firm Roark Capital. A deal could be announced as soon as...
Self-Storage Sector Holds Up Amid the Pandemic
A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties...
‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls
Catie McKee was nervous. It was last October, and the 31-year-old hedge fund analyst, who had been scrutinizing the mortgages on the nation’s malls, was convinced that some of those malls would default on their loans. She and her colleagues had even bet a substantial...
Suburban Garden-Style Apartments Will Be the Future of the Multifamily Sector
Long-term success in portfolio building is a function of agility. We’re seeing where the market is headed and anticipating where we’ll see the greatest demand and most manageable risk. As the commercial real estate market shifts away from retail, it’s imperative to...
Housing Is Hot With the Economy in the Deep Freeze
No matter how you look at it, the economic fallout from the coronavirus is going to be brutal, with a projected 6.5% decline in real gross domestic product in 2020 and an unemployment rate of 9.3% at year-end, according to the Federal Reserve. In ordinary times, and...
Industrial Development Offers an Attractive Opportunity on the Path Forward
It is undeniable—the market trends the industry was forecasting at the end of 2019 no longer apply in 2020. In December, no executive was predicting the nation’s unemployment rate would go from a five-decade low to an eight-decade high in a matter of months. In...
Covid-19 is Redefining Infrastructure Investments
Governments worldwide are facing difficult decisions about diverting funds from long-planned infrastructure projects as the novel coronavirus pandemic wreaks havoc on their budgets. Maintaining essential projects will likely mean a greater reliance on public-private...
Knighthead to Finance 3 Michigan Multifamily Projects
A Connecticut-based national real estate finance company has announced it plans to loan $37.3 million for developing three multifamily projects in Michigan, Jonathan Daniel, principal of Greenwich-based Knighthead Funding LLC, told GlobeSt.com Tuesday that the...
In Spite of Great Uncertainty, CRE Deals Continue to Close
With all but the most essential small businesses shut down, vast numbers of commercial and multifamily tenants unable to pay rent and no clear date for when the U.S. economy might re-open, it would be easy to assume that commercial real estate investors would opt to...
Trust Translates to Better Financial, Organizational Performance for Contractors, Survey Shows
Construction companies that don't make trust a high priority within their organizations could be leaving millions of dollars on the table every year, according to a study released by Autodesk and management consultancy FMI Corp. this week. Authors of the "Trust...
How to Avoid Bogus Retrading Tactics When Negotiating a Deal
The voracious appetite American and global institutional investors have for stable Class A and value-add office buildings in the top 25 US markets is not only sharply escalating asking prices, it has pushed execution risk to higher levels for buyers, sellers and...
Industrial Market Will Outperform Other Sectors in a Recession
The industrial market is on track to outperform other asset classes in the next recession. According to a report from JLL, the industrial market is stronger this cycle than it was before the Financial Crisis. Additionally, it will likely perform better than other...
Retail Investors Bear Down On Asset Types
The retail market has begun to see a shift as stakeholders buffer their portfolios in the case of a market downturn. Retail investors have begun to focus on quality assets that are deemed recession-proof or resistant, such as assets that may include neighborhood...
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