- New Life and Work Choices Revitalize Exurbs, Bringing New Strains “Surging housing costs and remote work are sending droves of people to live in new, fast-growing exurbs of metropolitan areas in the Southeast where suburban living has long been concentrated closer to the city. Nashville, Charlotte, N.C., Charleston, S.C., and Jacksonville, Fla., are among the places getting the type of outer-ring residential development once found only around the country’s largest cities.” (The Wall Street Journal)
- LA Is Trying To Plan For A Big Downtown Housing Boom. Can It Meet The Need? “Architects and land use professionals who spoke to Bisnow said that Downtown has, over much of the past couple of decades, been one of the LA neighborhoods least likely to see pushback against new development. Still, some were unsure that the plan’s impacts would necessarily achieve its goals.” (Bisnow)
- CRE Investment Surging Despite Ongoing Pandemic “Commercial real estate investment volume surged massively in the second quarter, to somewhere in the range of $136.7 billion to $139.9 billion to $144.7 billion, according to a trio of capital markets reports from Colliers, CBRE and Newmark.” (Commercial Property Executive)
- KKR plans $3B triple-net-lease portfolio “Global investment firm KKR is diving deeper into real estate, launching a platform designed for triple-net lease investments. The company announced the formation of Strategic Lease Partners this week.” (The Real Deal)
- Gov. Hochul vows to tackle NY eviction moratorium with urgency “Gov. Kathy Hochul said she’s talking with legislative leaders to address New York’s eviction moratorium, which is set to expire at the end of August. She said she’d have an announcement early this week about the necessity of a special session.” (Syracuse.com)
- White-Hot Real-Estate Market Fuels Sale-Leaseback Deals “Mercer Foods LLC owned its headquarters and factory in Modesto, Calif., for 23 years. In February, the freeze-dried food company sold the real estate to LCN Capital Partners for $40 million—and immediately leased it back. Mercer is one of a growing number of companies turning to sale-leaseback deals as a means of raising capital in a booming market for commercial and industrial space, real-estate executives and advisers said.” (The Wall Street Journal)
- Real Estate Firms Bucking Trend of Fewer Bankruptcies In 2021 “Real estate firms accounted for four of the nine mega bankruptcies with over $1 billion in assets in the first half of the year including Knotel, Le Jeune Villas Developments, EHT US1,and Corp. Group Banking. Using another measure of industries, Cornerstone said five of the nine largest corporate bankruptcies were filed by real estate investors.” (GlobeSt.com)
0 comments
Hide comments