CRE Journal: Your Essential Daily Commercial Real Estate Briefing: October 9, 2024
Daniel Bagdazian
Commercial Leasing & Sales Specialist @ Radius Group | Ventura County, CA.
Good Morning! Here's your 5 min daily newsletter on what matters in commercial real estate.
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?? Top CRE News
Spanish Investor Launches $3B Partnership To Build Thousands Of U.S. Homes Madrid, Spain-based investment firm Azora?is teaming up with a Florida multifamily firm to launch a $3B?partnership they say is aimed at addressing the U.S. housing shortage.?
Placer.ai: Visits to Trader Joe's outpacing overall grocery category Fan-favorite grocery chain Trader Joe’s is having a successful 2024 so far.
$1B data center adds to growing list of massive projects; offsets construction slowdown The data center could span 2.1 million square feet on about 320 acres.
E-Commerce Growth Revives Industrial Market E-commerce now accounts for 18.8 percent of core retail sales, driving demand for industrial space and steady market growth, according to the latest CommercialEdge report.
Harrison Street Raises $2.5B; Targets Underperforming Assets Harrison Street plans to take advantage of what it sees as undervaluing assets after raising $2.5 billion.
CVS to lay off 2,900 workers amidst talk of breaking up the company CVS Health will lay off 2,900 workers in an effort to slash costs, the retailer confirmed Tuesday.
Under Armour to Close SoCal Facility Amid Corporate Restructuring It appears that Under Armour is sweating its financial woes.?
Regent Cold Storage breaks ground on facility in Vernon Regent Cold Storage is a new addition to Miller Enterprise Cos. and part of a multistep master plan to develop a cutting-edge cold and dry storage facility.
Publix announces VP retirements, names successors Changes are coming to the leadership team at Publix Super Markets.
Home Depot Exits 3.2M SF Of Warehouse Space In A Month The world’s?largest home improvement retailer has aggressively trimmed its warehouse portfolio in?the past month, kicking more than 3M SF back to the market.
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Daniel Bagdazian