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October 18, 2023

Lender Foreclosing On Huge Swath Of Newport RE's South Downtown Holdings

Can Adaptive Be The Answer? Hear More About The Limitations Of Conversions And Viability In Solving For Less In-favor Asset Types On Oct. 26

A Miami lender is looking to foreclose on Newport RE’s South Downtown portfolio months after the German firm had agreed to sell the assets to another firm. 

Lender Foreclosing On Huge Swath Of Newport RE's South Downtown Holdings

BridgeInvest has scheduled a foreclosure auction for 18 parcels in Downtown Atlanta, including Newport's Hotel Row properties and 222 Mitchell St., which Newport had started turning into an office and retail mixed-use project, according to a foreclosure notice filed in Fulton County.BridgeInvest provided a $75M loan to the…

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In Bid To Boost Diversity In CRE, Prologis Donates $3M To Morehouse For New Real Estate Institute

In Bid To Boost Diversity In CRE, Prologis Donates $3M To Morehouse For New Real Estate Institute  

The world’s largest industrial real estate investment trust is partnering with Morehouse College in Atlanta to spearhead the school’s first real estate degree program in an effort to shore up diversity in the industry. Prologis donated $3M to Morehouse for an endowed fund to help launch the Morehouse Real Estate…

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No Vacancy? Not Anymore: Industrial Tenants Have Leverage At Last

No Vacancy? Not Anymore: Industrial Tenants Have Leverage At Last  

Industrial absorption in the U.S. declined by approximately 50% year-over-year, based on preliminary figures from Savills released this month.

While this plunge might seem alarming, analysts told Bisnow they are viewing the dip as a much-needed pause — especially considering the meteoric rise the industrial market witnessed in the years following the pandemic.

But with supply ticking up and rent growth slowing, tenants are finding relief from years of “no vacancy” signs.

“Normalized demand is meeting heightened supply for the near term,” Savills Senior Director and Head of Industrial Research Mark Russo said. “We think that over the next six to 12 months, tenants will have more power. They've had next to no leverage the last couple of years.” An end user…

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