Real Estate Journal: Your Essential Daily Commercial Real Estate Briefing: August 15, 2024
Daniel Bagdazian
Commercial Leasing & Sales Specialist @ Radius Group | Ventura County, CA.
Good Afternoon!
Here's your 5 min daily newsletter on what matters in commercial real estate.
🏢 Top News
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course Residences, retail would be built inside Trump Doral resort
The next generation of retailers Fast-growing businesses on New York’s iconic Bleecker Street give a glimpse into a new era of retail growth and efficiency
DICK’s Sporting Goods Eyes 800 KSF Fort Worth Hub The distribution center has a 2026 completion date.
Multifamily Distress Jumps 100 Basis Points in July The overall CRED iQ distress rate added 17 basis points in July to reach 8.8 percent, the fifth straight record high.
New Hospitality Startup Pays $80M for SoCal Hotel Dune Drifter was co-founded by the grandson of Marriott International Executive Chairman Bill Marriott.
Retail Store Closures Surpass Openings As Bankruptcies Rise For the first time this year, U.S. store closures surpassed openings, driven by a wave of retail bankruptcies. Demand Surges for Outdoor Amenities Going through a pandemic has only reinforced the wants of Americans to engage in outdoor activities. Commercial real estate developers are seeing that, with some prioritizing them getting added to their properties.
White House Continues Affordable Housing Push With $350M In Initiatives The White House is rolling out three new initiatives, including $350M in spending, to support its ongoing effort to increase the country’s affordable housing stock.
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💬 Quote of the Day
"Success is walking from failure to failure with no loss of enthusiasm." – Winston Churchill