Anthony Russo

United States

Journalist at GlobeSt

Featured in: Favicon

globest.com Favicon

ourcommunitynow.com Favicon

reit.com

Articles

Oliver and Bain Continue North NJ Industrial Splurge With $208M Portfolio Acquisition

5 days ago | globest.com | Anthony Russo

Oliver Street Capital is continuing its expansion into the Northern New Jersey industrial market by teaming up again with its joint venture partner Bain Capital to acquire an 11 warehouse portfolio in the region. The cost of the off-market private deal came out to $208 million. According to a statement by the two companies, the Class B assets are spread across "top infill submarkets" in Northern New Jersey.
Los Angeles Retail Struggles to Gain Traction as Vacancies Rise Again

6 days ago | globest.com | Anthony Russo

Los Angeles’ retail real estate sector continued to face challenges in early 2025, with supply beginning to stabilize but little improvement expected for the rest of the year. In the first quarter, net absorption was negative 625,237 square feet, marking the fifth consecutive quarter of declines, according to JLL. JLL attributes the ongoing weak demand to persistent market headwinds, suggesting that a significant rebound is unlikely in the near term.
Aldi Poised for Growth as Tariffs Squeeze Family Budgets

6 days ago | globest.com | Anthony Russo

Tariffs on imported goods are expected to soon impact both consumers and businesses, leading to higher prices and tighter budgets. However, not all retailers will be affected equally. According to Joe McKeska, principal at A&G Real Estate Partners, discount grocers like Aldi, in particular, are likely to see increased demand as shoppers seek out more affordable options in response to rising costs.
Invesco REIT Strengthens Liquidity with $1.2B CRE CLO

6 days ago | globest.com | Anthony Russo

According to a statement from the REIT of Invesco Ltd., this is the largest CLO issued in the last three years in the country. It was secured by roughly 45 percent in industrial and a 55 percent multifamily loan portfolio. Morgan Stanley structured the CLO, while Wells Fargo, Barclays and Citigroup provided bookrunning support. Recommended For You The move, according to Invesco's REIT, will strengthen its financial position, although it did not reveal its exact plans for the future. Invesco Ltd.
New Washington State Law Restricts Rent Hikes to 10%

6 days ago | globest.com | Anthony Russo

It's now official. Washington State has joined a small list of states to enact residential rent cap hikes after Governor Bob Ferguson signed House Bill 1217 into law. The ordinance, which passed the Evergreen State legislature last month, limits yearly increases to seven percent plus inflation or 10 percent max, whichever figure is lower. These protections do not apply to new tenants, however. For manufactured homes, the hike is restricted to just five percent.
San Diego Retail Market Shows Stability Amid Tariff Concerns

1 week ago | globest.com | Anthony Russo

Commercial real estate investors seek stability in 2025 as tariffs threaten to create short-term market volatility. If you’re focused on San Diego’s retail sector, you may find that stability despite a turbulent first quarter. A key reason, highlighted in JLL’s first-quarter retail report, is the scarcity of new retail space. By the end of March, only 507,085 square feet were under construction, just 0.4 percent of the total inventory, keeping supply tight and supporting market resilience.
Developers Eye Opportunities as Lehigh Valley Population Surges

1 week ago | globest.com | Anthony Russo

When the pandemic hit, many northeastern markets experienced a population decline as Americans flocked to Southern states and the Sunbelt. However, Lehigh Valley in Pennsylvania might be an outlier to the trend, which is creating opportunities for developers in the area. In Lehigh Valley Economic Development Corp.'s third quarter (LVEDC) report, the region's population was 696,800, among the Keystone State's fastest-growing areas.
Leasing Surges in NYC's Outer Boroughs as Industrial Market Shows Resilience

1 week ago | globest.com | Anthony Russo

Industrial tenant demand has remained strong in New York City's outer boroughs, according to a recent Colliers market report that analyzed Staten Island, Queens, Brooklyn, and the Bronx, excluding Manhattan. A key factor behind this resilience is a 16.4% increase in leasing activity during the first quarter, reaching 561,743 square feet. Mid-sized lease deals primarily drove this surge, Colliers said.
NYU Secures Manhattan’s Largest Office Lease Since Pandemic with 770 Broadway Deal

1 week ago | globest.com | Anthony Russo

New York University has signed a lease to master-lease over 1 million square feet of office space at 770 Broadway, transitioning into the building in two phases. According to data compiled by CoStar, the deal at the property in NoHo, Manhattan, marks the city's largest office deal since the beginning of the pandemic. Landlord Vornado Realty Trust said that the lease will carry a 70-year term on a triple net basis, with NYU set to pay the REIT roughly $9.3 million annually.
Brookfield’s Flagship Real Estate Fund Reaches $16B Amid Investor Demand

1 week ago | globest.com | Anthony Russo

Brookfield Asset Management Ltd. is experiencing a surge of capital inflows for its fifth flagship real estate fund, which focuses on acquiring distressed assets at discounts of up to 40 percent. In its first-quarter financial report, the firm revealed that it raised $5.9 billion in just the first three months of 2025, bringing the fund’s total commitments to approximately $16 billion. This milestone positions the fund as Brookfield’s largest real estate strategy ever raised.