CRE Journal: 8/13/2025

In partnership with

Learn from this investor’s $100m mistake

In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today.

One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains.

Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.

Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

Top Stories

• Consumer Behavior Sees Lasting Shifts Five Years Post-Pandemic

• 'Affordable Housing Is An Oxymoron': Why Homes For Low-Income Renters Are Far More Expensive To Build

• Tween Temple Claire’s Goes Bankrupt Again Amid Debt, Tariff Uncertainty

• Goldman Sachs Warns Weak Housing Sector Could Tip U.S. Toward Recession

• Private Investors Lead $97B in CRE Deals in Second Quarter

Retail

• 58K-SF Las Vegas Retail Center Picked Up by Litwin

• Dollar General taps Uber Eats to expand delivery

• Weak H1 Puts Net Lease Market on Track for Pre-Pandemic Low

Office

• Cross Ocean and Lincoln Partner To Acquire 650K SF Brooklyn Office Near Atlantic Terminal

• Harbor Associates, Roxborough Buy Discounted Office Campus in Pasadena

• Survey: Most Office Occupiers Plan to Maintain or Expand Their Footprints

Industrial

• GE Appliances to Spend $3B on Expansion of U.S. Manufacturing

• TPG Refis Industrial Portfolio With $408M CMBS Loan

• LXP Industrial JV Lands $376M for National Portfolio

Multifamily

• Innovative Housing Opportunities Breaks Ground in Anaheim

• MHN Executive Council: Even More Ways to Improve Resident Satisfaction

• Justice Department, Greystar reach proposed settlement on algorithmic pricing

Industry Insights

• How AI Data Centers Could Save California’s High-Speed Rail Project

• Where Institutional Capital Is Flowing in Real Estate for 2025–2026

Events

• ICSC@WESTERN

• Upcoming Events Calendar

Meme of the Day

Quote of the Day

"Formal education will make you a living; self-education will make you a fortune." - Jim Rohn

Till next time,

Daniel