REAL ESTATE TECHNOLOGY
businesswire | January 22, 2021
Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium.
The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country.
After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio.
Eastdil Secured filled in as a guide to LBA Logistics.
Blackstone Real Estate Income Trust
Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration.
About LBA Logistics
LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.
prnewswire | October 14, 2020
Global workforce transformation solutions provider GP Strategies Corporation reported today it has entered into an amendment to the lease for its headquarters facility in Columbia, Maryland that, effective January 1, 2021, will reduce its space by approximately 22,000 square feet and reduce its rental expense for this office by approximately $750,000 per year. This amendment is part of a global reevaluation of real estate needs, which has resulted in strategic decisions on lease consolidations and office closures over the past year. These actions are expected to result in approximately $2.0M of annual savings in facility expenses for the Company in 2021 compared to 2020.
REAL ESTATE TECHNOLOGY
ImmoScout24 | September 30, 2021
Branch the leading cross-platform solution for deep linking and attribution, has announced their continued relationship with ImmoScout24, the leading online marketplace for real estate in Germany and Austria.
Branch will provide its web-to-app Journeys product to drive users from the mobile web to ImmoScout24's app, while also maintaining the context of users' mobile web points of origin.
We are beyond excited to see what this next phase of our relationship brings, which will see ImmoScout24 continue to leverage Branch's web-to-app Journeys banners. We are investing heavily in the DACH region to expand our footprint and we are thrilled to have a client like ImmoScout24 using our Journeys product in so many creative ways
- David Brown, Director of Customer Success, EMEA at Branch.
Ensuring an engaging customer experience across channels and platforms can be difficult across a fragmented mobile ecosystem and important consumer data often gets lost in the process. Branch will help ImmoScout24 use their mobile website as a personalized app acquisition channel.
Branch is a valuable partner when it comes to the growth and engagement of our mobile app user base and we are happy to continue our cooperation.
- Patrick Gerstenecker, Director of Product Management at ImmoScout24.
ImmoScout24 is the leading online platform for residential and commercial real estate in Germany. For over 20 years, ImmoScout24 has been revolutionising the real estate market and supports over 20 million users each month on its online marketplace or in its app to find a new home or commercial space. That's why 99 percent of our target customer group knows ImmoScout24. With its digital solutions, the online marketplace coordinates and brings owners, realtors, tenants and buyers successfully together. ImmoScout24 is working towards the goal of digitising the process of real estate transactions and thereby making complex decisions easy. Since 2012, ImmoScout24 has also been active in the Austrian real estate market, reaching around 3 million users monthly.
Branch provides the leading cross-platform linking and attribution platform, offering solutions that unify user experience and measurement across devices and channels. Branch powers mobile links and cross-platform measurement to more than 3 billion monthly users across the globe, and has been selected by over 75,000 apps since 2014 including Adobe, BuzzFeed, Yelp, and many more.