Outperforming Rent Growth Keeps Driving Mark-to-Market Opportunities Built in 1997, this distribution center at 101 N. 103rd Ave. in Tolleson, Arizona, was sold as part of Prologis’ $3.1 billion portfolio acquisition from Blackstone. (Brandon Aran/CoStar) By Adrian Ponsen and Chad Littell CoStar Analytics August 15, 2023 | 3:22 P.M. While the current commercial real estate price correction is […]
Bain Capital To Buy Fogo de Chão in Latest Sale of Restaurant Chain
Brazilian Steakhouse Looks To Accelerate Expansion Under New Ownership Fogo de Chão offers meats that are roasted in the churrasco style and carved by gaucho chefs. (Fogo de Chão) By Linda Moss CoStar News August 15, 2023 | 4:57 P.M. Bain Capital Private Equity is buying Fogo de Chão, the chain of Brazilian-style steakhouses, in just […]
WeWork’s Troubles Cast New Shadows Across the Real Estate Industry
Landlords, Lenders Face Exposure to Coworking Giant’s Struggles One of WeWork’s busier locations in Miami sits atop a public parking garage in the Wynwood arts district. (Andria Cheng/CoStar) By Andria Cheng CoStar News August 16, 2023 | 12:24 P.M. WeWork’s recent declaration that “substantial doubt exists” about its ability to continue as a going concern threatens to further […]
Retail Property Sales Remain Sluggish
Higher Interest Rates Weigh on Larger Deals, While Sales of Smaller Centers Stay Active Private investors have been scooping up smaller retail centers but deals for larger centers have been put on hold. (iStock) By Chad Littell and Brandon Svec August 14, 2023 | 2:05 P.M. The retail space market is enjoying its strongest operating environment in over […]
Aldi Adds To Grocery Consolidation With Deal to Buy Winn-Dixie, Harveys Supermarkets
With Merger, German Discount Chain To Add Roughly 400 Southeast Stores Aldi said it will evaluate which Winn-Dixie and Harveys Supermarket stores will convert to its no-frills, discount format. (Southeastern Grocers) By Linda Moss CoStar News August 16, 2023 | 8:37 P.M. Fast-growing German discount grocer Aldi is buying the Winn-Dixie and Harveys Supermarket chains, adding roughly 400 stores to its U.S. […]
Commercial Borrowing Declines 42% in First Quarter
Higher Interest Rates, Lower Property Values Keep Lending Tight The Federal Reserve’s latest lending survey indicates tight lending conditions will remain for a while. (iStock) By Mark Heschmeyer CoStar News May 10, 2023 | 1:55 P.M. Commercial and multifamily mortgage loan originations decreased 42% for the first quarter from the fourth quarter, according to the Mortgage […]
Consumers Become Cautious
New Data Paints Gloomier Picture By Christine Cooper and Rafael De Anda CoStar Analytics May 3, 2023 | 7:52 AM Growth in consumer expenditures outweighed a contraction in private investment that was driven by a slowdown in inventory accumulation, helping the real gross domestic product grow by 1.1% annualized for the first three months of the year, according […]
Sale Leaseback Demand May Have Just Gotten a Boost
Sale leasebacks offer a more attractive capital solution for companies now. By Richard Berger | May 02, 2023 Green Street believes that WP Carey’s recent multimillion dollar sale-leaseback transaction with a leading generic drug manufacturer in Canada “could suggest increased demand for sale-leaseback financing following the recent banking crisis in early March that likely tightened bank lending standards […]
Nontraded REIT Portfolios Shrink As Redemptions Rise
New Investment Activity Has Been Dormant for Seven Months By Mark Heschmeyer and Nicole Shih CoStar News April 26, 2023 | 2:41 P.M. Some of the largest nontraded real estate investment trusts expanded their commercial property portfolios by $49.4 billion in the first two-thirds of 2022, but they haven’t reported completing a significantly large purchase in more […]
Cannabis Industry Prefers Property Leasing Over Purchasing, Survey Says
Falling Prices, Rising Competition Causes Rethink of Real Estate An oversupply of marijuana and increased competition in legalized sales is cutting prices. (iStock) By Mark Heschmeyer CoStar News April 24, 2023 | 3:57 P.M. The legalized cannabis industry appears to be moving more rapidly toward leasing property as opposed to buying it as new states open […]