Feb 3, 2025
In the fourth quarter, U.S. commercial real estate prices improved for large-dollar deals in major markets, while smaller transactions in secondary markets either stabilized or slowed their decline. The increase in high-value deals was accompanied by rising transaction volumes, reaching a two-year high of 4,538 sales totaling $35.53 billion. Industrial property prices rose across both large and small markets, while other sectors showed mixed performance. Investment-grade sales, comprising 63% of the quarter’s deals, surged 25.1% year-over-year, with an average deal size of $7.44 million. Regionally, price trends were mixed, but overall conditions improved compared to previous quarters.
Jan 30, 2025
AT&T has sold over 13 million square feet of underutilized real estate to Reign Capital for more than $850 million in a sale-leaseback deal. The transaction involves 74 central offices across 23 states, which were originally built for outdated copper networks but are now only 35% utilized due to the shift to fiber and wireless systems. This strategic move allows AT&T to streamline its real estate portfolio while maintaining operational control of necessary spaces and securing a share in future redevelopment revenues. The deal, which closed on January 8, 2025, is part of AT&T’s plan to exit most of its legacy copper network operations by 2029 and serves as a model for future real estate transactions.
Jan 22, 2025
Advance Auto Parts has engaged Hilco Real Estate to sell over 200 of its stores and leases across 46 states, as part of a strategy to downsize its physical footprint. This portfolio includes both owned properties and leased locations, which range in size from 3,000 to 48,000 square feet, and are situated in urban areas and strong commercial corridors. The move follows Advance Auto’s announcement in November to close more than 700 stores and four distribution centers to improve profitability amid declining sales. Hilco will market these properties for sale individually, together, or in combinations, with offers being accepted until March.
Dec 16, 2024
A record-breaking $100 million land deal in Lee County has been finalized, with Forestar, a subsidiary of D.R. Horton, purchasing 1,745 acres in northwest Cape Coral. The land, called Hudson Creek, will be developed into a large, mixed-use community featuring over 3,500 homes, commercial spaces, retail, offices, a university, and more. The project will speed up utility expansion along Burnt Store Road and create a central hub for the area’s needs. After two years of planning and rezoning approval in 2023, the development aims to transform northwest Cape Coral into a vibrant, walkable community.
Dec 9, 2024
The U.S. Department of Housing and Urban Development (HUD) and the Federal Emergency Management Agency (FEMA) have launched the Pre-Disaster Housing Initiative to help states better prepare for housing challenges following natural disasters. This program, prompted by devastating events like Hurricanes Helene and Milton, aims to boost post-disaster housing capabilities and protect people and infrastructure. Initially, the initiative will provide eight months of technical assistance to officials in Kentucky, Michigan, and Missouri. Additionally, HUD extended foreclosure moratoriums for FHA-backed mortgages in disaster-affected areas through April 11.
