Right Here, Right Now: Reinventing the American Mall
CBL Properties’ Stephen Lebovitz and CBRE’s Rich Frolik explain how malls are being transformed into high-performing, mixed-use assets. From casinos and hotels to pickleball and movie theaters, malls are evolving to meet modern demand.Key takeaways on the evolution of malls: · Malls are transitioning into multi-use destinations, integrating entertainment, hospitality and residential to diversify income and increase relevance.· Financing is increasingly accessible for retail assets, with recent deals showing lender confidence and competitive debt structures.· Success depends on hyper-local strategies, with redevelopment tailored to demographics, infrastructure and competitive dynamics.· Malls in secondary markets benefit from large trade areas and limited alternatives, reinforcing their role as dominant regional retail hubs.· Redeveloping legacy anchor spaces into formats that appeal to current customer wants and tastes can unlocks value and enhance long-term viability.
--------
37:14
--------
37:14
The Long Run: What’s Driving Net Lease Investment
Net lease assets are attracting more institutional capital. New Mountain Capital’s Teddy Kaplan and CBRE’s Will Pike explore why this resilient, tax-efficient investment strategy is gaining favor.Attractive in volatile markets: Positioned as a hybrid asset class—part real estate and part structured finance, net lease investments offer cash flow backed by quality credit tenants.Manufacturing momentum: Production facilities are emerging as high-performing assets due to their strong cash flow and tenant investment in infrastructure.Sale-leasebacks as strategic tools: Investors and corporate occupiers are increasingly using sale-leasebacks to unlock capital, especially in sectors where considerable capital is tied up in operating assets.· Capital market resilience: Despite macroeconomic headwinds, net lease is attracting institutional capital, with growing interest from large institutions and wealth management channels.· Risk-adjusted returns and geographic nuance: Cap rates and valuations vary significantly by location and tenant credit quality, underscoring the importance of underwriting both real estate fundamentals and corporate financial health.
--------
34:46
--------
34:46
Investment Opportunities in Industrial Outdoor Storage [Encore - 6.23.25]
·Industrial Outdoor Storage (IOS), a twist on a classic property type, is attracting institutional capital. With sub-3% vacancy and strong rent growth, Industrial Outdoor Storage (IOS) is outperforming traditional industrial assets.· Zoning and entitlement hurdles limit new IOS development, boosting demand for existing sites.· Major investors are amassing IOS portfolios, following the path of self-storage and single-family rental.· IOS supports logistics, construction and utilities with strategic infill locations and flexible outdoor space.· Electrification and evolving logistics technology are reshaping IOS.
--------
36:46
--------
36:46
Built to Last: Investing in Real Estate through REITs
Nareit’s Steven Wechsler explains the advantages of investing in real estate through REITs. The conversation touches on the evolution of REIT sectors, the impact of interest rate movement, liquidity and tax efficiencies and the wide range of investment options available.Key takeaways: · Organized to Provide Structural Discipline and Tax Efficiency: REITs must distribute at least 90% of taxable income annually and maintain strict asset and income thresholds, creating a disciplined framework that supports consistent investor returns. · Public REITs Are Conservatively Managed: With average leverage around 30%, public REITs are significantly less leveraged than private real estate vehicles, reducing financial risk and enhancing long-term stability. · Global Options: REITs are publicly traded in major markets around the world. · Positioned for Opportunistic Acquisitions: REITs with strong balance sheets and access to capital are well-positioned to acquire assets or portfolios when pricing becomes accretive. · Provide Access to Emerging Asset Classes: The REIT structure includes data centers, cell towers and healthcare facilities, aligning with broader economic and technological changes.
--------
35:06
--------
35:06
Powerhouse: The Future of Data Centers
Mortenson’s Maja Rosenquist and CBRE’s Gordon Dolven examine one of real estate’s most dynamic sectors. They discuss how AI’s growth has accelerated data center development, how site-selection strategies are evolving and the challenges posed by power constraints.Key takeaways on data center trends:· Data center site selection is increasingly dictated by access to scalable power, increasing development in markets with robust energy infrastructure.· AI-driven demand is accelerating the need for hyperscale campuses, with some sites spanning thousands of acres and requiring gigawatt-level capacity.· Lease structures are based on power usage rather than square footage, with rental rates rebounding over 50% since 2021 due to limited availability.· Long-term capital is flowing into the sector, with infrastructure funds driving a shift in investment strategies.· Labor and construction cost pressures are prompting innovations like prefabrication to meet the demands of billion-dollar builds.
What matters most right now in Commercial Real Estate. Business leaders join economic, industry and subject matter experts to share their distinct views and latest thinking. The Weekly Take is hosted by Spencer Levy, CBRE’s Senior Economic Advisor and Global Client Strategist. More at cbre.com/TheWeeklyTake
México