Retail Predictions, Industrial Trends, and Major Transactions in Commercial Real Estate
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Steve Hamoen

Retail Predictions, Industrial Trends, and Major Transactions in Commercial Real Estate

E3 • Dec 20, 2024 • 134 mins

In this episode, Steve Hamoen MMA dives into the latest in commercial real estate. Topics include the impact of Innovative Industrial Properties and PharmaCann defaults, CoStar's retail market predictions for 2024, and Taconic Capital Advisors' strategies. Explore PwC's industrial trends, opportunities in ground leases, and Southeast Austin's office leasing. The episode also covers retail center sales in Elgin, Illinois, NYC's real estate rebound, CenterSquare's ventures, Scottish market forecasts, and the U.S. property insurance outlook post-2024 hurricanes. Major transactions in Denver, Phoenix, Atlanta, and Jacksonville's projects and legal challenges are discussed.

Key Points

  • Tenant diversification and risk management are crucial in the volatile cannabis real estate market, as evidenced by PharmaCann's rent default impacting Innovative Industrial Properties significantly.
  • The Sun Belt region dominates the 2024 list of best retail markets due to factors like strong population growth, favorable business policies, and attractive weather, with Phoenix, Orlando, and Las Vegas leading the pack.
  • Taconic Capital Advisors is winding down its commercial real estate operations, transferring its $200 million fund to Axonic Capital to focus on its core areas, highlighting the challenges in the current U.S. commercial property market.

Speakers

Steven Hamoen

Host • 100%

Chapters

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56:09
58:14
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1:15:55

Transcript

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