Real Estate Breakthrough Properties raises $1b for life science real estate investments Breakthrough Properties, a joint venture formed in 2019 by Tishman Speyer and Bellco Capital, has…
Fundraising Breakthrough Properties raises $1b for life science real estate investments Breakthrough Properties, a joint venture formed in 2019 by Tishman Speyer and Bellco Capital, has…
Energy TC Energy and Natural Law Energy sign definitive agreements for Keystone XL pipeline TC Energy Corp. and Natural Law Energy (NLE) have signed a definitive agreement allowing NLE…
From the Current Issue 5 Questions: Grocery-anchored retail proves immune by David Dunn The grocery business is as old as retailing itself, yet it is undergoing landmark innovation as technology opens new channels for meeting the needs of shoppers. This has become especially significant and accelerated by the coronavirus pandemic. While real estate investors have become skittish about the fast-changing and hyper-competitive retail sector, grocery-anchored retail in particular has, by and large, been rock solid in its performance. One of the executives most involved in the property type has been David Dunn, CEO of Slate Grocery REIT, an owner and operator of grocery-anchored real estate.
From the Current Issue Urban agriculture gains momentum by Dan Martin Growing food indoors — in or near urban markets — is an expanding market that is likely to grow through the years ahead. It has already influenced commercial real estate, intrigues many economic development professionals, is sustainable and can create local food security threatened by climate change. For commercial real estate it has been a successful reuse of closed big-box stores and possibly malls, too. In addition, acres of metro industrial and brownfield sites have been developed into well over 1 million square feet of indoor growing space. This construction is no longer a mystery, as large design/build firms have constructed hundreds of thousands of square feet of hydroponic cultivation facilities for commercial pot cultivation facilities as legality has spread.
Real Estate Two life-science REITs receive investments In separate news, two life-science REITs received investments from investors. The life-science sector has demonstrated…
Other Sustainable investments high priority for Millennials and Generation Z As the generations that will be the most affected by long-term issues such as climate…
Real Estate NorthPoint JV breaks ground on $1b industrial park in Utah The joint partnership of NorthPoint Development, a Kansas City–based developer, and The Romney Group will…
From the Current Issue Single-family rental and build-to-rent markets poised for major growth by Gregg Logan and Todd LaRue Based on current trends, the single-family rental market will likely be undersupplied over the next 10 years, despite the increased attention the segment is currently receiving. Of course, that could change if the number of units being produced increases dramatically, or if the COVID-19 recession leads to more substantial foreclosures pushing more units into rental inventory, but that is not the trend to date. Currently, approximately 6 percent of new single-family homes are purpose-built for-rent, which would result in around 700,000 new units over the next 10 years. Given demographic trends, the demand is expected to be much greater than the current pace of production, which could result in a significant supply shortfall, suggesting the sector presents a strong investment opportunity in the coming decade.
From the Current Issue Vacancy — big time: The badly bruised lodging industry fights to stay afloat by Mike Consol People must have a place to live; consumers a place to shop; businesses a place to conduct commerce; manufacturers a place to make, store and distribute their wares. But when the economy goes bad, one of the first forms of commerce to suffer is travel — both for leisure and business — and that is a dagger for the hotel business.