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February 16, 2022

Bridge Hires Transwestern Leader To Chase East Coast Industrial Acquisitions

Eight months after launching a new industrial division, Bridge Investment Group has hired Greg Boler away from Transwestern to lead its push to buy and develop distribution centers in Gateway markets along the East Coast.

Bridge Hires Transwestern Leader To Chase East Coast Industrial Acquisitions

Boler, formerly a partner with Transwestern Development Co., has been named the managing director of the Eastern region for Bridge Logistics Properties, an arm of Bridge Investment that launched soon after the commercial real estate company went public last year.In an interview this week, Boler told Bisnow his…

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Connolly, Coro Buy Sandy Springs Gateway For Over $40M

Connolly, Coro Buy Sandy Springs Gateway For Over $40M  

Two well-known Metro Atlanta retail investors have joined forces to buy a prominent Sandy Springs upscale shopping center. Connolly and Coro Realty Advisors paid $40.5M for Sandy Springs Gateway, a 121K SF, Sprouts Farmers Market-anchored retail center at the corner…

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Blackstone To Pay $5.8B For Preferred Apartment Communities

Blackstone To Pay $5.8B For Preferred Apartment Communities  

One of the biggest names in real estate investment is leading the pack as investors follow job growth and population migration to the Sun Belt.

Blackstone Real Estate Income Trust has struck a deal to acquire Preferred Apartment Communities for $5.8B in cash. The acquisition has been approved by the PAC board of directors and is expected to close in Q2, subject to approval by shareholders.

The price values Atlanta-based PAC at $25 per share. Shares in the REIT closed at $23.27 on Tuesday, itself a higher value than at any time in the last 10 years. A year ago, PAC traded for $8.21 a share. PAC owns both apartments and retail properties. Its apartment portfolio includes…

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New Funds For Black Developers Fronting Millions For Their Success

The inequity between White and Black real estate professionals has long been stark. But in the last few years — especially in recent months — a number of institutions and companies have established initiatives to promote and fund the projects of Black developers. 

Inspired in many cases by the national conversation about race amplified in the wake of George Floyd’s killing, these investments by leading community development groups and financial institutions now measure in the hundreds of millions of dollars in total.

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SURVEY: Will The Metaverse Reshape Commercial Real Estate?

SURVEY: Will The Metaverse Reshape Commercial Real Estate?  

They say you can’t escape reality, but lately, that seems more true about virtual reality. The metaverse is dominating headlines and could soon play a major role in the economy — Goldman Sachs and Morgan Stanley both reported they see $8T worth of opportunity in the space.…

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