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October 24, 2022

Real Estate Funneling Funds To Kemp Campaign As Hollywood Pushes For Abrams

Lincoln Property Co.'s Tony Bartlett Discusses Echo Street West's Future Additions At Atlanta 2023 Forecast Dec. 6

Georgia’s upcoming elections, both for governor and the U.S. Senate, are two of the most closely watched races in the country. 

Big names in the commercial real estate industry are largely lining up behind the Republican ticket, but Gov. Brian Kemp's re-election campaign has generated more enthusiasm than — and raised nearly twice as much money as — Herschel Walker's controversy-laden bid to unseat Democratic Sen. Raphael Warnock.

Real Estate Funneling Funds To Kemp Campaign As Hollywood Pushes For Abrams

Democratic gubernatorial candidate Stacey Abrams and Warnock have been beneficiaries of a wave of out-of-state donations, including from the entertainment industry, as well as from real estate executives from California, New York, Pennsylvania and Washington. Abrams’ war chest is roughly $85M and Kemp’s nearly $60M, the Associated Press reports,…

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Daddy's Chicken Shack Launching In Georgia With Plans For 10 Locations

Daddy's Chicken Shack Launching In Georgia With Plans For 10 Locations

A new fast-casual chicken restaurant concept is looking to roost in Metro Atlanta.Daddy’s Chicken Shack, a Pasadena, California-based chain, plans to open 10 Metro Atlanta locations after signing a deal with local franchise owner Reggie Lowe. This is the first restaurant venture for Lowe, the founder and operator of the HVAC service firm…

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This Week's Atlanta Deal Sheet

One of Metro Atlanta’s newest hotels has been snapped up by one of the region’s most prolific real estate investors.

This Week's Atlanta Deal Sheet

RADCO Cos. purchased the Aloft Lawrenceville Sugarloaf Hotel in Atlanta, a 112-key hotel off Interstate 85 that opened three weeks ago. The previous owner was Sugarloaf Hotel Group out of Cleveland, Tennessee, according to Gwinnett County Tax Assessor records. The newly delivered facility was valued at $7.5M this year by…

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PODCAST: Morgan Stanley Real Estate Investing Co-CEO Lauren Hochfelder

On this episode of Bisnow Reports, we sit down with Lauren Hochfelder, the co-CEO and head of Americas for Morgan Stanley Real Estate Investing, the private real estate investing arm of the banking giant.

Hochfelder began as an analyst at Morgan Stanley in 2000, working her way through MSREI until she was named head of the Americas division in 2016 and appointed to the co-CEO role in February.

On the episode, she speaks about the macroeconomic environment, the shifts in Morgan Stanley’s real estate portfolio since the Global Financial Crisis and how the real estate industry as a whole may have to change the way it makes money.

"The industry overall has seen the greatest share of value appreciation from cap rate compression [in recent years]," she said. “We certainly cannot rely on that going forward — and in fact, the complete opposite.”

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Meet Deano: He's Got A Problem. Soon It Will Be Commercial Property's Too

Have you met Deano? A white-collar worker living a comfortable life somewhere outside of London, he is the new everyperson of the first quarter of the 21st century.

The creation of an economics-minded Substack author, Deano did well from 10 years of loose monetary policy and lowish taxes. He built a comfortable, normie suburban life on the strength of predictably cheap debt.

Low-interest-rate mortgage, Audi car leasing deal, regular holidays with his Fiat-driving partner and their kids — his needs are not great; he knows he won't change the world. He’s a regular guy. But he is far more exposed to a rising cost of living than some others.

And his situation is about to change. The end of a decade of cheap credit and low mortgage rates is about to radically alter the way huge swathes of people in Britain live their lives and spend their money — and change the demand for real estate they generate.

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Frozen Debt Markets, Local Pushback Chipping Away At Industrial Cash Cow

 

Owners of industrial real estate continue to enjoy robust demand, low vacancy rates and shifting consumer behaviors toward e-commerce that continue to fuel the asset class — but a slew of challenges threatens to bring tougher times. 

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C-Suite Spotlight: Swenson Builders CEO Case Swenson

 

Case Swenson is president and CEO of Swenson Builders, a fourth-generation design-develop-build business based in Northern California. He joined the family firm in 2013 after managing his own construction company, Swenson Development & Construction, for more than two decades.

Swenson is a believer in working from the office, the possibilities of the metaverse for retail and leaning on cash when the economy goes bad. What he isn't so optimistic about? Google ever building in San Jose, 13 years of rumors be damned.

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