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JULY 19, 2019

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Industrial

Will Prologis’ M&A Appetite Keep Growing?

By John Egan, Contributing Writer

Prologis vows it’ll vie for even more M&A deals. However, the firm might have a steeper M&A hill to climb going forward, as the availability of high-quality portfolios in the red-hot industrial sector is “dwindling,” Hamid Moghadam, chairman and CEO of San Francisco-based Prologis, told Wall Street analysts on July 16. Nonetheless, the dearth of high-quality industrial assets is unlikely to deter Prologis.

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Analysis

Industrial

Tech Giants Are Expanding Presence in New York, as the City’s Tech Talent Pool Grows

By Patricia Kirk, Contributing Writer

The region’s large pool of tech talent is the primary driver in the scale up by tech companies. New York has had a “starter loaf” of tech DNA since the tech boom in the late 90s, but tech talent has gained in momentum on a steep curve since the 2008 recession, noted Nicole LaRusso, tri-state director of research and analysis with real estate services firm CBRE. The city’s tech talent pool, which grew by 20.5 percent to 264,374 workers over the last year, is now second only to the San Francisco Bay Area, according to CBRE’s 2019 Scoring Tech Talent report.

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Digital Edition

Back on Top

By NREI Staff

NREI's exclusive study finds investors continue to have a strong preference for multifamily assets, Glenn Rufrano's professional peers discuss how he became the commercial real estate industry's go-to turnaround specialist. Read these and other stories in NREI's July 2019 issue.

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NREI Wire

Risk Is Ramping Up in Property CLOs Revived After the Crisis

Bloomberg

Real estate investors are bundling increasingly speculative short-term mortgages into CLOs.

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Blackstone Is Said to Seek Sale of Some Warehouses from GLP Deal

Bloomberg

The private equity giant is in talks with prospective buyers, including Prologis.

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10 Must Reads for the CRE Industry Today (July 19, 2019)

By NREI Staff

WeWork co-founder cashes out more than $700 million from the company ahead of its initial public offering, reports the Wall Street Journal. Sen. Elizabeth Warren released a plan to attack some of the methods of private equity firms, a major player in certain commercial real estate assets, according to the Washington Post. These are among today's must reads from around the commercial real estate industry.

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