To Save New Jersey Suburbs, Developers Shouldn't Think Too Big

In Case You Missed It...

CEOs and presidents of major real estate and development companies were among the more than two dozen prominent and well-heeled parents involved in a massive $25M bribery scheme to get their kids admitted to some of the nation’s most elite universities.

Crown Realty & Development founder and CEO Robert Flaxman, WP Investments President Bruce Isackson, Dragon Global CEO Robert Zangrillo and John B. Wilson, a founder and CEO of an undisclosed private equity and real estate development firm, were among the 32 defendants charged with conspiracy to commit mail and wire fraud, according to a criminal complaint filed by the U.S. Department of Justice in Massachusetts.

Read the full story here.

When investment management firm Nuveen Real Estate opened its 11th office in Dallas this year, the firm had $125B total assets under its management worldwide and designs on creating a hub, or central U.S. office, for industrial investment activity across the nation. That new office is now based in Uptown Dallas, with Nuveen Managing Director and head of Nuveen's U.S. Industrial Sector Graydon Bouchillon leading the local industrial-focused team. 

Bouchillon, who has spent more than a decade observing industrial growth trends throughout the U.S. and Texas, sat down with Bisnow to discuss his firm's new industrial home base in Dallas and the many factors — from population growth to the Panama Canal expansion — increasing Nuveen's appetite for quality industrial investments nationwide.

Read the full story here.

If diversity, inclusion and gender equality efforts will be implemented at workplaces, it will take buy-in from the dominant social group: white males.

“Members of the dominant social group help to pull everyone else up,” Piper Jaffray Chief Human Capital Officer Christine Esckilsen said at an event hosted by Hines for International Women's Day. “We need the men to be here to understand it and push things along.”   

While pushing company-wide initiatives, videos and emails about inclusion can be effective, Hines Managing Director Laura Hines-Pierce has found organizing local events that include men and women can support the dialogue on diversity issues needed to promote change.

Read full story here.

Investors haven't lost their appetite for U.S. apartment properties, with investment sales up 15.1% to $167.5B in 2018 compared with the year before, according to a new report by JLL. 

Multifamily was the most actively traded U.S. real estate asset class for the third consecutive year, as investors continue to be wooed by multifamily's strong performance in occupancy and rent growth.

But 2019 might be different. 

Read full story here.