Episode 71
Global Net Lease Sale, Philadelphia Incentives, and Southwest Valley Industrial Trends
Commercial Real Estate Insights Podcast
February 26, 202531m 5s
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Show Notes
In this episode, Steve Hamoen MMA explores recent developments in commercial real estate. He discusses Global Net Lease's portfolio sale, University Tower's market challenges, and Philadelphia's tax abatement. The episode covers Martin County's land use, Raising Cane’s acquisition in Berkeley, and Waldorf Astoria negotiations. Steve also examines Neiman Marcus's store preservation, GTJ REIT's expansion in Charlotte, Investcorp's industrial acquisitions, Echo Park 303's sale, and the growing demand for logistics spaces. The episode wraps up with Steve's closing remarks.
(0:00) Welcome and introduction
(0:21) Global Net Lease portfolio sale and CEO statement
(4:08) University Tower in Durham: Sale and market challenges
(7:10) Philadelphia's tax abatement and office space incentives
(10:16) Martin County land use and economic impact
(13:20) Raising Cane’s Berkeley acquisition and Waldorf Astoria negotiations
(19:10) Neiman Marcus Dallas store preserved by land donation
(21:12) GTJ REIT expansion in Charlotte
(24:16) Investcorp industrial portfolio acquisitions in Minneapolis and Baltimore
(27:53) Echo Park 303 sale and Southwest Valley industrial trends
(30:12) Rising demand for logistics spaces
(30:41) Closing remarks by Steve Hamoen MMA