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November 7, 2019

Atlanta Video Game, Esports Industries Getting CRE's Attention

Landmark Properties CEO Wes Rogers talks latest student housing pipeline at Atlanta 2020 Forecast Dec. 5

Back in 2005 when Todd Harris co-founded Hi-Rez Studios, a video game maker in Alpharetta, the firm only had an idea and four employees.

Today, Hi-Rez occupies nearly 30K SF at Brookside 300 in Alpharetta and counts more than 450 employees. It has developed one of the world's most popular online multiplayer games, Smite.

Atlanta Video Game, Esports Industries Getting CRE's Attention

The video game industry and its various niches, including professional competitive events known as esports, are now catching the attention of commercial real estate with its explosive growth over the past decade.“It's always been a big industry. But it's now obviously larger in revenue than the film industry and the music industry…

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IHG's Debut EVEN Hotel Set For Avalon

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Atlanta-based InterContinental Hotels Group is expanding its EVEN Hotels brand to Alpharetta. The company is expected to operate a new location at the Avalon mixed-use project. It would be IHG's first EVEN-branded…

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Fresh Wave Of Buyout Shops And Hedge Funds Set Sights On Real Estate

While those within the real estate sector worry about record high prices and when the end of the cycle will come, a new wave of private equity buyout specialists, hedge funds and bond investors are making moves to get into the sector.

Many of the biggest names in global real estate today — Blackstone, Brookfield, Carlyle — did not start out as real estate investors. They were private equity buyout specialists, or infrastructure investors, drawn to real estate by the potential profits.

In the 20 years or so since these giants entered the market, other buyout specialists, bond investors and hedge funds have followed their lead: think of Oaktree, PIMCO and KKR in the U.S., and EQT in Europe.

The next generation of these managers is now starting to set out their stalls to buy in the sector. 

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Moody’s Divests From Xceligent Founder’s New Company After CoStar Settlement

 

Doug Curry has just lost a major backer of his new company after Xceligent, the company he founded and ran until 2017, reached a legal settlement with CoStar in a copyright infringement suit.

Moody's Corp., the financial services giant that launched a commercial real estate data network this year, has divested from its 23.8% stake in Curry's new company, Empirical CRE. 

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Marriott's Modular Movement: Why Its Development Chief Wants Way More Modular

 

In hotel development, where the modular construction industry has arguably made its greatest inroads into the U.S. construction industry, Marriott International might stand alone in its use of the innovative building method.

The company has launched and expanded an initiative promoting modular construction and recently started building the world's tallest modular hotel, a $65M, 26-story AC Hotel, in New York City.

Yet Marriot Chief Development Officer Eric Jacobs said he hopes now is only the beginning.

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Clarity Brings Net Lease Buyers Back To Drugstore Market After Tumultuous 2018

Not so long ago, net lease investors saw trouble in the drugstore market. Many feared e-commerce providers would gut Walgreens and other well-known brands like they did other brick-and-mortar retailers.

And Walgreens’ 2017 acquisition of around 2,000 Rite Aid stores raised the possibility that these outlets would compete with one another and face closure. A failed merger between Rite Aid and Albertsons also increased uncertainty, and transaction volume in the sector fell about 40% over the first three quarters of 2018, according to Wilmette, Illinois-based The Boulder Group.          

But net lease drugstore buyers are back, and looking for deals.

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