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RentPath | November 10, 2021
Brivo, Inc., the global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions (NYSE:CPTK) (“Crown”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and it...
WORLD PROPERTY JOURNAL | February 13, 2020
According to Transwestern's latest national report on the U.S. industrial sector, between the first quarter of 2010 and the fourth quarter of 2019, the U.S. industrial market experienced occupancy gains of more than 3 billion square feet. In the most recent quarter, 58.6 million square feet of absorption contributed to that total. Meanwhile, the U.S. average asking rental rate climbed to $6.38 per square foot in the fourth quarter, peaking for the third straight year. Five markets, including...
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Embrey | January 19, 2022
The award-winning and nationally recognized Embrey Management Services (EMS) has been selected to provide multifamily residential services for Lenox Crown in Garland, Texas, a premier suburban market of Dallas. The 435-unit community, just outside the I-635 loop, northeast of Dallas, is within close proximity to recreational activities on Lake Ray Hubbard, a wide range of shopping and entertainment, including The Firewheel Town Center, and the high-performing Garland Independent S...
Brown Gibbons Lang & Company | June 16, 2022
Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of $160 million for the acquisition and development of Auburn 18 Business Park, a 129-acre industrial site in Auburn, Washington. BGL's Real Estate Advisors team served as financial advisor to Industrial Realty Group (IRG), with Oak Street, a Division of Blue Owl, as the capital partner to IRG. IRG is a nationwide real estate development and investment firm specializing in the acquisition, deve...
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