Artificial intelligence supercharged the data center industry last year, and it isn’t expected to slow down anytime soon. But the demand boom this year is running headlong into a supply shortage and power crises in many markets, and industry leaders anticipate it will lead to…
Although the federal funds rate has remained the same since the third quarter of 2023, dollar stores’ average cap rate increased from 6.34% to 6.51% during Q3, or 17 basis points, B+E reports. This rise is well aligned with market…
Novare Group and BCDC are teaming up to open the 316-unit Populus Pooler to residents in Savannah. The property is between the South’s busiest seaport and the under-construction Hyundai Motor Group “Metaplant,” the largest economic development project in Georgia’s history….
Orlando-based Holidays Network Group paid $27M for a Miami Beach apartment building that is approved for conversion into a 107-room hotel, The Real Deal reports. The 88-unit apartment complex at 2618 Collins Ave. was sold by a joint venture of investors Eli Dadon, Avi Dishi…
Securing a mortgage to buy a home has become more expensive than at any time since 2000, making people less likely to move and restricting the migration flows that have become more common during the pandemic. The number of existing…
Aria Development Group, Largo and Place Projects have landed a $77M construction loan from Arkansas-based Bank OZK provided for a 105-condo project in Brickell, according to a release. The five-story development, called 2200 Brickell on the financial district’s Millionaire’s Row,…
Foulger-Pratt has been building apartments and commercial projects for more than half a century, and now the Maryland-based developer is expanding into a new business line: build-to-rent. Courtesy of Foulger-Pratt An aerial rendering of Foulger-Pratt’s build-to-rent community in Brandywine, Maryland. The…
StarPoint Properties closed the $49.5-million sale of 6th Street Point, a new 179,000-square-foot industrial property located on a 9.8-acre site at 24712 6th St. in San Bernardino. The buyer for the Opportunity Zone (OZ) project was a global institutional real…
Spartan Investment Group has closed three self-storage deals in the firm’s Growth Fund, including one in Kingsland, GA. “At a time when it is challenging to secure loans, find equity, or fund new construction, we’re forging ahead in a strategic…
It’s little wonder many in Chicago CRE have adopted what Origin Investments CEO Michael Episcope called “a survive until ’25” mentality. Amid cratering transaction volumes, double-digit drops in property values, a burdensome bureaucracy and tax assessments that are rising at one of the most…
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