x
Y
u
e
R
e
a
l
E
s
t
a
t
e
Blog
Starbucks to shutter hundreds more cafes in latest turnaround move
Starbucks is closing about 250 cafes across North America this month, the latest move by the coffee giant to trim costs and improve profitability. The closures represent roughly 1% of Starbucks’ more than 18,000 company operated North American stores, according to a message to employees from Mike Grams, the company’s chief operating officer. The move […]
McDonald’s bolsters operators with billions for burger battle
Fast-food giant McDonald’s will be providing its franchisees roughly $8.5 billion to accelerate restaurant modernization, deploy technology and provide rent assistance as they face an increasingly competitive environment. The Chicago-based company, the largest hamburger chain in the world, unveiled its plan to boost its operators on Wednesday during its investor day. The $8.5 billion in […]
Canadian chain Tim Hortons bets its nation’s hockey, doughnut culture can win over American South
Doughnut chain Tim Hortons has long been a Canadian icon, a brand built on hockey and national identity as much as its coffee, often served with double cream and double sugar. Now that cold-weather menu is heading into the American South, trying to win over unfamiliar consumers. The company plans to start adding about 50 […]
26 North Inks 84K SF Lease at Midtown Office Near Central Park
Midtown, Manhattan office tower, 40 West 57th Street, has secured a new tenant, with 26 North signing an 84,000-square-foot lease. The deal will give the alternative investment management firm access to four full floors, according to a report from the Commercial Observer. The lease term is for 11.5 years. While pricing was unclear, Colliers’ August report pegged […]
Longpoint Makes $195M Industrial Expansion Bet on Miami
Longpoint Partners is expanding its footprint in South Florida, making a $195 million industrial bet in Miami-Dade County. The latest acquisition of the 10-building portfolio, from the private equity firm’s point of view, speaks to Miami’s growth drivers. This includes the city’s increasing population, as well as proximity to major transportation infrastructure and consumer markets. These […]
CBRE Investment Management Expands Net-Lease Footprint With $1.6B Tenet Acquisition
CBRE Investment Management has agreed to acquire Tenet Equity from Cerberus Capital Management for $1.6 billion, adding a national net-lease platform with more than 200 properties to its investment portfolio. The transaction is part of a larger trend of institutional demand for long-duration real estate income streams, particularly those backed by tenants that assume most […]
NYC’s $126B Budget Makes Key Housing Investments
New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin have reached a deal on a $125.8 billion budget for fiscal year 2027. The big focus under the budget remains improving housing opportunities and affordability. Notably, it invests $175 million during fiscal year 2027, with a baseline of another $125 million in fiscal […]
Kennedy Wilson Venture To Deliver 4,000 Affordable Housing Units to LA
Kennedy Wilson and Jamison are taking on a big Los Angeles affordable housing plan under a new partnership. The two are aiming to deliver 4,000 units across the city through ground-up development and adaptive reuse projects. Through the new partnership, Jamison will leverage its recently debuted affordable housing division, Arden Residential and Kennedy Wilson will […]
Digital Realty Snags $3.5B Stake in Virginia Data Centers From Blackstone
Digital Realty has agreed to purchase Blackstone’s 64 percent interest in a Northern Virginia data center portfolio for $3.5 billion. This values the three facilities in the deal at a combined gross $7.8 billion, with an initial stabilized capitalization rate that exceeds 6.5 percent. Digital Realty is using $2.3 billion in stock and $1.2 billion […]
New Industrial Platform With $350M in Commitments Launches, Targeting Small Bay
A new industrial platform, Speed Bay Warehouse Solutions, has launched, with $350 million in commitments already secured. Black Creek Group founders and platform executives Evan Zucker and Jimmy Mulvihill have poured in $100 million, with $250 million coming from investment service BDT & MSD Partners. The new platform is planning on focusing solely on multi-tenant, […]