Commercial Real Estate News for Monday, Feb. 26

In Monday’s commercial real estate news – we’ll give you a look at the use of cryptocurrency within commercial real estate, Aspen’s CRE market, and so much more.

Cryptocurrency Move Into Commercial Real Estate Is Expected — With Impediments

A small number of real estate closings have been reported in Florida using cryptocurrency, but how quickly crypto moves into more regulated and mainstream commercial real estate remains elusive.

Business Monday: A mixed outlook for Aspen’s commercial real estate arena

With last week’s $28 million sale of the downtown building developed by Aspen Core Ventures and a bevy of redevelopment projects set to take flight this year, real estate appraiser Randy Gold believes somes shifts are coming for the commercial landscape.

Real estate briefly: Huntington Beach apartment complex sells for $90.5 million 

TruAmerica Multifamily has bought Pacific Shores, a 264-unit apartment complex in Huntington Beach, from affiliates of UDR Inc. for $90.5 million.

Alexander & Baldwin acquires three premier Hawai`i retail centers

Alexander & Baldwin (NYSE: ALEX) (“A&B” or the “Company”) further solidified its position as Hawai`i’s foremost owner of grocery/drug-anchored shopping centers with the acquisition of three premier retail centers:  Laulani Village Shopping Center (“Laulani Village”), Hokulei Village Shopping Center (“Hokulei Village”) and Pu`unene Shopping Center.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!
Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!