Starwood Real Estate Income Trust and Morningstar Properties have formed a joint venture to invest in the “resilient” self-storage sector, according to a Tuesday release. The new entity will recapitalize 25 self-storage assets already owned by Morningstar funds and invest in additional assets to be operated under the…
This series gets into the heads of the decision-makers of CRE, the people shaping the industry by setting investment strategy, workplace design, diversity initiatives and more. Prevailing leadership philosophies have finally caught up to Clay Grubb. Since taking the helm of…
Courtesy of Sean Moynihan Newmark Executive Vice President Sean Moynihan, right, with his wife, Angela, and son Jack. A youth soccer coach-turned-office leasing agent is now the newly minted head of brokerage for Newmark’s Southeast region. Sean Moynihan has been named…
Courtesy of CBRE 25-01 Queens Plaza North, where Grubb Properties plans to build a 317-unit building. A new-to-New York developer just dropped $63M on a Long Island City property. Charlotte, North Carolina-based Grubb Properties, known for its workforce housing development, picked up…
The top job at Atlanta City Hall is up for grabs Nov. 2 after Mayor Keisha Lance Bottoms’ surprise announcement that she won’t be running for re-election. In the wide-open race to replace her, the local commercial real estate industry…
Perhaps in any other time in the Atlanta office market, this would be a sign that the sky is falling: Atlanta office landlords are facing the most available space on the market in its history. But, optimism reigns supreme as…
Bisnow/Jon Banister WashREIT’s office building at 1775 Eye St. NW The picture of how much commodity office buildings in D.C. are selling for post-pandemic is getting clearer now that the prices Brookfield Asset Management paid for a chunk of WashREIT’s office portfolio have become public. The…
The office sublease market may finally be cooling off. The amount of sublease space in Chicago’s Central Business District increased by 75% between Q1 2020 and Q1 2021, hitting a historic high of 5.7M SF, but the market has begun…
WashREIT is transitioning into a multifamily-only REIT with massive deals to sell its office and retail portfolios. Bisnow/Jon Banister WashREIT CEO Paul McDermott and Boston Properties’ Senior Executive Vice President Ray Ritchey at Bisnow’s 2018 D.C. State of the Market…
Investors are back on a multifamily buying spree as the Atlanta area emerges from the coronavirus pandemic. Courtesy of Spaxel The Hills at East Cobb apartments, which were recently acquired by New York-based Spaxel. During the first quarter, investors bought more…
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