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Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
With stores like Neiman Marcus, JC Penney and Pier 1 struggling, there could be excess retail warehouse space later this year, particularly in the Inland Empire.
Failed CRE deals rose sixfold in March, according to Real Capital Analytics. Separately, an Institutional Property Advisors survey found that 64% of multifamily developers would only accept a discounted pre-sale price of less than 5% from their estimated valuation.
Mag Capital Partners has acquired a pie manufacturing facility in Rochester, New York. The transaction includes a 20-year leaseback of the 42,700-square-foot facility located at 155 Balta Dr. to current tenant SatisPie.