Industry News
Struggling Malls Becoming Some Of The Hottest Development Targets
Developers are seizing on large mall sites—often surrounded by acres of surface parking—to add thousands of residential units, hotels, and modernized retail designed to attract new visitors.
CRE Distress Eases Slightly As Investors Eye Signs Of Stability
A new analysis of commercial real estate (CRE) and commercial mortgage-backed securities (CMBS) performance reveals a mixed picture: ongoing distress in certain sectors, balanced by resilience and improving sentiment across others.
New IRS Rules Ease Investment Requirements For Rural Opportunity Zones
The program has already had a measurable impact on housing development. A CoStar analysis shows that multifamily units reserved for low-income households in opportunity zones are being completed at double the rate seen nationally before the program existed.
Rite Aid Closes Last Remaining Locations Nationwide
Earlier this year, Rite Aid had announced plans to sell more than 1,200 locations nationwide as part of its bankruptcy process.
JLL Secures $115M Financing For Three Distribution Centers In Hardeeville, South Carolina
The three-building portfolio totals roughly 1.3 million square feet and is currently 87 percent leased.
Retail Demand In Myrtle Beach Stays Negative As Vacancy Stays Low
While absorption remained slightly negative in the second quarter at -15,000 square feet, that’s a major improvement over the -352,000 square feet recorded previously. A low vacancy rate—now just 2% after improving by 12 basis points—helped keep the market relatively stable.