Matt Wasielewski

Miami

National Reporter at Bisnow

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Articles

Amazon Pledges $10B To North Carolina Data Center Sector After Securing Incentives

2 days ago | bisnow.com | Matt Wasielewski

Amazon has committed $10B to a rural North Carolina county as part of its race to develop improved artificial intelligence models. The investment will directly create 500 jobs and indirectly support thousands of local construction jobs, Amazon said, although the company did not reveal any specific development plans Wednesday. The commitment comes the same week that the Richmond county government passed a sweeping incentives package to lure the e-commerce and cloud computing giant to the area.
As Musk Exits, DOGE’s Shock And Awe Campaign Against Office Space Grinds On

2 days ago | bisnow.com | Matt Wasielewski

Elon Musk came to Washington, D.C., on a mission to cut costs and find inefficiencies. He almost immediately aimed his chainsaw at the federal government’s commercial real estate footprint. His Department of Government Efficiency at one point promised to sell as many as 443 buildings and vacate another 10M SF worth of leases. As Musk decamps from the nation’s Capitol, the federal government has targeted less than 7M SF in its footprint for termination, and much of that space is still occupied.
$81B Public Fund Looks To Pivot Away From Office And Retail With High-Profile Sales

3 days ago | bisnow.com | Matt Wasielewski

The largest U.S. sovereign wealth fund is looking to rebalance its real estate holdings, shedding assets that weighed on its first-quarter returns. The 44-story office tower at 299 Park Ave. in New York is fully leased. The Alaska Permanent Fund is looking for buyers for some of its retail and office properties to reinvest the raised cash into multifamily and industrial assets. The $81B fund is planning to maintain the same 10% exposure to real estate while diversifying its portfolio.
More Than Half Of The U.S. Warehouses Built In 2025 Are Vacant

4 days ago | bisnow.com | Matt Wasielewski

The U.S. industrial sector can't seem to shake the effects of the pandemic-era wave of warehouse development. Speculative development accounted for 71% of the 73M SF of industrial space that delivered in the first quarter, according to Cushman & Wakefield. The 45M SF of spec space was the lowest share of development completions since 2023, but the space all came online vacant, nudging vacancy up 30 basis points to 7%.
Harbor Group Picks Up 11 Sun Belt Multifamily Properties For $625M

5 days ago | bisnow.com | Matt Wasielewski

The privately managed global real estate investment firm acquired 11 properties across South Carolina, Louisiana, Georgia and Tennessee that were built between 1996 and 2010. The sale breaks down to roughly $174K per door at the properties, which are 95% occupied. Harbor Group CEO Jordan Slone said his team had been flooded by distressed deals at an event in 2023.
Proposed 'Revenge' Tax Provision Has Global Capital Managers Worried

1 week ago | bisnow.com | Matt Wasielewski

Fund managers and Wall Street executives say a small provision inside the Big, Beautiful Bill could crush foreign investment into the United States. The Republicans' tax bill would empower the White House to tax investments from specific countries at its discretion.
Judges Halt Trump’s Sweeping Tariff Regime, But Experts Expect Trade War To Rage On

1 week ago | bisnow.com | Matt Wasielewski

A panel of federal judges declared most of President Donald Trump’s tariff policy illegal, but analysts say the affected countries may not even notice. President Donald Trump's administration said it would appeal the decision, and the case is likely headed to the Supreme Court. The three-judge panel in the U.S. Court of International Trade said the Trump administration couldn’t rely on a 1977 law and the growing federal deficit to justify tariffs.
Mind The Gap: REITs Look At Private Sector To Boost Valuations

1 week ago | bisnow.com | Matt Wasielewski

As economic uncertainty drags on, a group of REITs are signaling trouble in hopes of pushing through an increasingly thorny patch of economic malaise. A group of REITs this month announced efforts to “explore strategic alternatives,” industry jargon that means executives are looking to boost financial performance, whether through management shake-ups, mergers and acquisitions, restructuring or an outright sale.
Trump Pledges Government Backing Of A Privatized Fannie Mae And Freddie Mac

1 week ago | bisnow.com | Matt Wasielewski

A privatized Fannie Mae and Freddie Mac would still have public backing, President Donald Trump said Tuesday night. President Donald Trump has made two statements about privatizing Fannie Mae and Freddie Mac this month. One week after announcing that his administration was “giving serious consideration” to bringing the mortgage market makers public, Trump expanded on his vision.
McDonald’s To Close All Locations Of Spin-Off CosMc’s 2 Years After Launch

1 week ago | bisnow.com | Matt Wasielewski

CosMc’s rocketed to popularity with the help of social media influencers when McDonald’s launched the concept store. But the fast food giant announced Friday that the journey was over for the restaurant. All CosMc's locations, which were designed to cater to a younger audience, are closing. CosMc's once saw drive-thru lines stretching for hours.