Meet Atlantic | Pacific Cos., The Miami Company Gobbling Up DFW Apartments
Atlantic | Pacific Cos. has bought three North Texas apartment communities in the last 90 days, and it doesn't intend to stop there.
Mark Briggs, chief operating officer of the Miami-based company, said it likes DFW's fundamentals and expects to be a long-term player in the market.
“With 13 properties, it's our second-largest market after Atlanta, where we have 21 assets,” Briggs said. The most recent purchases put the company at 4,271 units in DFW.
“It has a great employment base and is a big city that…
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As Old Legacy Retailers Shutter, New Entrants Help Fuel Retail's Comeback
As Toys R Us, Sears, Abercrombie & Fitch, K-Mart and Sam's Club continue to downsize, leaving gaping holes and vacant storefronts in malls and retail centers, new companies, international retailers and e-tailers are coming in to fill those spots with a new strategy that blends e-commerce and a physical storefront, according to several reports.
Several major mall and retail landlords are bullish on the trend, according to CNBC.
CNBC said Ross Stores and Ulta Beauty are looking to open new locations. Dick's Sporting Goods and the parent company of TJ Maxx are looking to create offshoots like…
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Brookfield's Forest City Buy Just The Latest In Undervalued Asset Shopping Spree
Brookfield's latest multibillion-dollar acquisition is another bet that its size and expertise can unlock value a previous owner was unable to achieve.
Brookfield Asset Management has reached an agreement to buy Forest City Realty Trust, with plans to pay an estimated $6.8B for the Cleveland-based REIT, excluding debt.
The deal, which is expected to close in the fourth quarter, is an all-cash transaction…
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More Places, More Ways: Convene CEO Ryan Simonetti On What's Driving The Company's Growth
A few days after New York-based Convene announced it had raised a $152M Series D round, co-founder and CEO Ryan Simonetti took a break inside the company's newest location at the Wells Fargo Center in downtown Los Angeles.
The 36-year-old had just finished a series of on-camera and media interviews and there were more to come. Another television crew was setting up and waiting in another room.
Convene, which partners with landlords and provides meeting, event, coworking and flexible workspace, has grown tremendously since Simonetti and co-founder Chris Kelly started the company in 2009 in New York. Simonetti sat down with Bisnow to talk about what is driving that growth.
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New Georgia Push For Legalized Gambling Includes 3 Billion-Dollar Casino Resorts
The political father of Georgia's generous tax credits for TV and movie production has another vision: three multibillion-dollar resorts spread throughout the state — including one in Metro Atlanta — that also will feature casino gambling.
But like any great Vegas-style bet, casino investors face long odds — albeit ones slowly tipping in their favor — to see their dream become reality.
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The Mind-Bending Impact Of Brexit Stockpiling On U.K. Logistics
It is 2018, not 1938, but the U.K. is talking about stockpiling again.
That could drive demand for tens of millions of square feet of storage, but would come with a lot of pain.
The obvious implication for real estate is the effect upon the logistics sector, and on the face of it, this should be good news — the potential need for new space if goods have to be stored for longer in the U.K. to account for slower supply chains could be huge.
However, as always with Brexit, the matter is not that simple. The users of logistics space are clearly starting to make plans for what happens if they need to stockpile. But investors and developers would be taking a substantial risk if they started to adjust their plans now to try and capitalize on this.
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