CRE Daily

What’s the perfect storm shaking up the office market? This Sunday, Jack Stone and Alexander B. Gornik sit down with Marc Deluca, CEO of KBS, as he breaks down how skyrocketing rates are hitting everything—office, multifamily, industrial—except one surprising sector: data centers. ?? Tune in this Sunday! Listen on your favorite podcast platform. #NoCapPodcast #office #CRE #entrepreneurship #podcast #credaily

Net absorption in the multifamily market is expected to drop from 480K units in 2024 to 300K in 2025, still exceeding historical averages. High mortgage rates and home prices continue to push renters toward multifamily, sustaining demand for a third straight year. Check for more details ?? https://lnkd.in/e-CvX7RY

Brookfield is prioritizing residential development at Northbrook Court Mall before revamping retail, aligning with suburban multifamily demand. Financial incentives, including TIF and tax rebates, will only activate once retail leasing reaches set benchmarks. Click to see more insights ?? https://lnkd.in/eYYPv7PD

Lumber prices are hitting post-pandemic highs, driven by tight Canadian supply, mill closures, and looming US tariffs. Here's what you need to know: ?? Lumber hits $686.72 per thousand board-feet. ?? Wildfires, slowdowns, and tariffs tighten supply. ?? Prices may stay high as demand rises. ?? Read more in the comments.

Madison Avenue is fast becoming NYC’s most competitive luxury real estate market, with top developers investing billions in just five blocks. Here's what we know: ?? Extell & Related Cos lead a $15B+ transformation. ?? Ultra-luxury condos hitting $8K+ PSF. ?? Prada, Chanel, JPMorgan stake prime spots. Full details in the comments. ?? Source: Bisnow/Sasha Jones

With AI and cloud demand surging, Related Companies is making a bold move into the data center market with a $500M launch and ambitious expansion plans. Here's what stands out: ?? $500M launch, aiming for $8B. ?? 5 GW pipeline with a Chicago quantum hub. ?? Developers shift to AI-focused data centers. ?? Read more in the comments below.

Dollar Tree Stores is offloading Family Dollar to private equity firms Brigade Capital and Macellum Capital, after a decade of struggles, refocusing on its core brand. Keep reading ?? https://lnkd.in/ekkfSi3S

?? Next week on NO CAP ?? Jack Stone and Alexander B. Gornik are sitting down with Marc Deluca, CEO of KBS, one of the nation’s largest premier commercial real estate investors, with over $45 billion in transactional volume since 1991. With over 30 years in the industry, Marc has managed billions in real estate across the Eastern U.S. and Mid-Atlantic, overseeing some of the most strategic acquisitions in the industry—and he’s here to share the lessons he’s learned along the way. Marc has seen it all and is here to share the secrets to his success. ?? Tune in this Sunday! Listen on your favorite podcast platform. #NoCapPodcast #office #CRE #entrepreneurship #podcast #credaily

Industrial companies are increasingly opting to buy rather than lease properties, driven by long-term savings and control. Here's the scoop: ?? Sales to occupiers up 32% in 2024. ?? Pre-1980 buildings dominate acquisitions. ?? Chicago, Houston, LA lead as 21,300 leases expire in 3 years. Full details in the comments below. ??

By 2030, logistics space demand could grow by up to 350M SF due to the rapid rise of e-commerce, reshaping the retail landscape. Here’s what you need to know: ?? E-commerce to hit 30% of retail sales by 2030. ?? Retail space shrinking, logistics growing. ?? Last-mile centers crucial for speed. ?? Full article in the comments below.