GlobeSt
GlobeSt.com stands out as a leading online source for original and timely content in the commercial real estate sector. Our goal is to offer reliable and relevant news and insights, giving our audience a comprehensive perspective on the industry. Our extensive local and national coverage is a key aspect of our business. We focus not only on various sectors but also on significant developments in finance, construction, environmental issues, and other subjects that affect the real estate community. GlobeSt.com is part of the ALM Real Estate Media family, which also includes the print magazine Real Estate Forum and the RealShare conference series. Together, these brands reach over 250,000 professionals in various markets and sectors. Our integrated approach, which combines print, online content, and events, allows us to gain a deep understanding of the ever-changing real estate landscape and the needs of our audience. By consistently providing thorough news, insightful analysis, and innovative access to information, we help our growing audience maintain a valuable competitive advantage.
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Global
#271583
United States
#63157
Business and Consumer Services/Real Estate
#698
Articles
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1 day ago |
globest.com | Anthony Russo
Faropoint is looking to raise $1 billion under its newly launched Industrial Value Fund IV, with Teacher Retirement System of Texas already committing $225 million to the pool. Once deployed, the capital will target logistics properties in primary, gateway and secondary national regions surrounded by scarce supply, with in-place rents below the market.
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1 day ago |
globest.com | Anthony Russo
Supply might be a small concern — but demand certainly isn't any longer in Reno, Nevada's multifamily sector. Net absorption hit 474 units in the first quarter, representing a surge of 102.56 percent year-over-year, although down from the 695 units in the previous three months, according to a market report from Kidder Mathews. Kidder attributes the demand to cap rates sliding from 6.2 percent in the 12 months prior to 5.2 percent.
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1 day ago |
globest.com | Anthony Russo
Call it an upset if you will — but New York State Assemblymember and self-described democratic socialist Zohran Mamdani appears to be on track to win the Democratic nomination for New York City Mayor after top contender New York Governor Andrew Cuomo called to concede the race. In all likelihood, in a deep blue area, Mamdani will be the next Mayor. Overall, his vision for Gotham could cause some unease for local commercial real estate due to the unknowns.
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2 days ago |
globest.com | Anthony Russo
A joint venture between Bain Capital and 11North Partners is adding three open-air retail centers to its portfolio in a deal valued at roughly $212 million. The properties are all located in Oklahoma City, taking up almost 40 acres of space in total. The anchors at the centers include Whole Foods and Trader Joe's. Other tenants include Warby Parker, West Elm, Anthropologie, Sephora, Lululemon and Kendra Scott. Occupancy at the properties altogether surpasses 97 percent.
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2 days ago |
globest.com | Anthony Russo
The trends to start the year out in Charlotte, North Carolina's multifamily segment were mixed. But one thing's for sure — the influx of supply could cause some challenges. More than 4,700 units alone were delivered in the first quarter, according to a market report from Marcus & Millichap. That's more than threefold the median since 2000.
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