Real Estate Croatan Investments closes first discretionary fund vehicle Croatan Investments, a multifamily investment manager for private wealth, institutional and retail capital, held the…
Real Estate Self-storage well-positioned for post-pandemic growth The self-storage industry has performed well amid the COVID-19 pandemic, and is well positioned for…
Energy Brookfield announces $600m IPO to invest in renewables Brookfield Asset Management has priced an IPO of $600 million senior notes, which it will…
From the Current Issue The return of hospitality: The pandemic took hotels to the brink. How are they faring now? by Sheila Hopkins “The hotel industry experienced the most devastating year on record in 2020, resulting in historically low occupancy, massive job loss and hotel closures across the country. Hotels were one of the first industries affected by the pandemic after travel was forced to a virtual halt in early 2020, and it will be one of the last to recover. The impact of COVID-19 on the travel industry so far has been nine times that of 9/11.” That quote leads off the State of the Hotel Industry 2021 report put out by the American Hotel & Lodging Association. For the hotel industry to experience a record-setting downturn is saying quite a lot, given that the industry is known for its downturns.
From the Current Issue ‘Tremendous leasing velocity’: Industrial property market remains an irresistible force by Loretta Clodfelter U.S. industrial properties have seen leasing and sales velocity exceed pre-pandemic levels, as changes wrought by COVID-19, as well as investors’ flight to safety, have accelerated pre-existing trends in the segment.
Real Estate NBIM with Hines break ground on NYC Hudson Square Neighborhood project Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment…
Real Estate Chicago City Council approves $3.8b mixed-use project The Chicago City Council has given approval, 36 to 13, for the development of Bronzeville…
Energy Carlyle forms new sustainable infrastructure platform, Copia Power The Carlyle Group has formed a new portfolio company, known as Copia Power, which will…
From the Current Issue Quantum shift looms for office by Paul Fiorilla Office properties have taken quite a hit from COVID-19, even though the measurable cost has been obscured by the long-term nature of office leases. As of April, the U.S. office vacancy rate climbed to 15.9 percent, up 280 basis points year-over-year, while sublease space has more than doubled during that time, as measured by Yardi Matrix.
From the Current Issue Profile: Souheil Badran COO of 164-year-old Northwestern Mutual by Mike Consol Want to send a chill through the executives sitting atop traditional banks and financial service providers? Flash them the resume belonging to Souheil Badran. It speaks of his stints at the likes of Alipay Americas (an Alibaba subsidiary), Digital River (a global e-commerce, payments and marketing services company), First Data Corp.’s ecommerce solutions group, M&I Data Services (a financial software and services firm), and Edo Interactive (which provides personalized offers and makes them automatically available through credit and debit cards). In essence, the sorts of fintech companies that have been disrupting legacy banking and financial companies for the past decade or more.