News: Brokerage

Mc Gowan Builders completes Walmart Neighborhood Market

Mc Gowan Builders Inc. completed a 40,000 s/f Walmart Neighborhood Market. The project was the eighth partnership between Walmart Stores, Inc. and Mc Gowan Builders, and the first takeover and refitting of a preexisting building shell. Located within a 50-year-old shopping center, the building formerly served as a Publix Super Market. The Mc Gowan team gutted the building while keeping the four outer walls intact and removed 50% of the existing concrete floor to introduce and install new refrigeration, plumbing and electrical systems. In addition to making these necessary upgrades to the building's interior, Mc Gowan Builders built and mounted a new roof. Throughout the process, Mc Gowan Builders made certain that the older building met and exceeded strict modern building codes. This project is part of Walmart Stores, Inc.'s expansion into the grocery market. The Walmart Neighborhood Market now serves the South Pasadena community with fresh food from a location easily accessible to commuters and motorists.
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Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,