Latest news with #CrowHoldings
Yahoo
3 days ago
- Business
- Yahoo
Logistics company leases nearly half million square feet in Carteret
CARTERET — BroadRange Logistics, a flexible warehousing and third-party logistics services company, has signed a full-building, 480,000-square-foot lease at Crow Holdings at Carteret. The company's long-term commitment at 500 Salt Meadow Road brings Crow Holdings Development's 1.2-million-square-foot industrial campus, just off Turnpike Exit 12, to full occupancy. The campus is at 300-500 Salt Meadow Road. Russell Hofstetter of Atlanta-based Strategic Real Estate Partners and Stephen Shoemaker of CBRE served as tenant representatives in the transaction. Cushman & Wakefield's Jules Nissim, Stan Danzig and Kimberly Bach negotiated the lease as exclusive agents for Crow Holdings at Carteret. BroadRange's new facility in Carteret expands its national footprint to 21 locations totaling more than 13 million square feet. BroadRange was named the 163rd fastest-growing company in the U.S. by Inc. Magazine, and the sixth fastest-growing logistics firm nationwide. BroadRange CEO Ari Milstein said in a news release the company's vision is to build a logistics network capable of same-day delivery to nearly every household in the U.S. He said the Carteret location offers convenience for last-mile delivery into one of the country's densest and most valuable logistics markets. 'The launch of our new Carteret location is a major step forward,' Milstein said in the news release. 'From this strategic hub, our customers can now access a market of 60 million people, one-third of the U.S. GDP, within a 250-mile radius or one-hour drive." BroadRange Logistics is a natural fit for the multi-award-winning Carteret campus, said Clark Machemer, senior managing director with Crow Holdings Development. More: Carteret finally has a bagel shop thanks to this hole-some father-son duo "BroadRange's distinctive business model offers something new for the marketplace, and their continued expansion speaks to proof of concept,' Machemer said in the news release. 'This property's world-class location has attracted a terrific group of corporate and third-party distribution operations, and our final addition is no exception.' BroadRange joins YunExpress, Weida Freight System, Inc. (WFS) and DSV Global Transport and Logistics at Crow Holdings at Carteret, which sits on 126 acres just 13 miles from the Port Newark-Elizabeth Marine Terminal. A 161-space trailer lot opportunity remains available on the campus. NJBIA's New Jersey Business Magazine recently named the Crow Holdings at Carteret campus as a 2025 New Good Neighbor Award winner. United Way of Northern New Jersey this spring honored the property for its exemplary commitment to community with its Industrial Impact Award. Crow Holdings at Carteret also has been recognized with 'Top Projects' awards from NJBIZ and Mid Atlantic Real Estate Journal. Crow Holdings Development is the development platform of Crow Holdings, a privately owned real estate investment and development firm with more than 75 years of history, $33 billion of assets under management. The firm has developed more than 75 million square feet of industrial space since 2013. Brad Wadlow is a staff writer for This article originally appeared on Logistics company leases nearly half million square feet in Carteret Solve the daily Crossword
Bloomberg
24-07-2025
- Business
- Bloomberg
Chasing Data Center Opportunities: Crow Holdings CEO
Michael Levy, Crow Holdings CEO, says he is seeing a gold rush in real estate and infrastructure demand in data centers, and says the Sun Belt is still an attractive region for overall growth and development. He speaks with Romaine Bostick and Scarlet Fu on 'Bloomberg: The Close.' (Source: Bloomberg)
Malaysian Reserve
02-07-2025
- Business
- Malaysian Reserve
Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Newmark represents Crow Holdings in recapitalization of 25-building Texas and Illinois portfolio NEW YORK, July 1, 2025 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) ('Newmark' or 'the Company'), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone Real Estate. Blackstone acquired a 95% stake in the portfolio, which includes 25 Class A buildings located in Dallas, Houston and Chicago. Newmark Senior Managing Director Dom Espinosa, President and Global Head of Industrial & Logistics Capital Markets Jack Fraker, Vice Chairman Dustin Volz and Executive Vice Chairman Kevin Donner advised Crow Holdings in the transaction. Newmark's Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairmen Marcella Fasulo and Josh King also supported negotiations. 'Capital markets activity in high-growth U.S. markets continues to demonstrate strong investor appetite, with industrial remaining a top target for long-term capital,' said Chad Lavender, Newmark President of Capital Markets for North America. 'We're proud to have advised on a transaction of this scale, which showcases both the sector's strength and our team's expertise in delivering strategic outcomes for our clients.' Crow Holdings is a leading real estate development and investment management firm founded by industry icon Trammell Crow in 1948. The Dallas-based firm has $33 billion in assets under management and one of the largest multifamily and industrial development platforms in the nation. 'This notable transaction underscores the continued conviction in industrial as a leading asset class – particularly in high-performing markets,' said Fraker. 'Demand for well-located, Class A logistics space remains robust and this portfolio represents the type of institutional-quality product investors are eager to acquire.' 'This closing brings together a unique partnership between the world's largest real estate investor and one of the nation's premier, privately-held real estate development and investment firms,' said Espinosa. 'It's a strong endorsement of the Dallas, Houston and Chicago industrial markets, the infill nature of the assets and the long-term value of state-of-the-art building specifications.' Legal counsel for Crow Holdings was provided by Fried Frank. About NewmarkNewmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ('Newmark'), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit or follow @newmark. Discussion of Forward-Looking Statements about NewmarkStatements in this document regarding Newmark that are not historical facts are 'forward-looking statements' that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Yahoo
09-06-2025
- Business
- Yahoo
Crow Holdings Announces Paul Mouchakkaa Has Joined the Investment Team as Senior Managing Director of Real Estate
DALLAS, June 09, 2025--(BUSINESS WIRE)--Crow Holdings, a leading national real estate investment and development firm, announced today that industry veteran Paul Mouchakkaa has joined its investment management business Crow Holdings Capital ("CHC") as a Senior Managing Director. Based in Dallas, Mouchakkaa will be responsible for Build-to-Core and Core+ investment programs and establishing new investment strategies while leveraging his decades of investment management experience to enhance CHC's Investment Committee. Mouchakkaa brings nearly 25 years of institutional real estate experience, creative solutions, and service as a trusted advisor to CHC. Most recently, Mouchakkaa served as Head of Real Estate of Alberta Investment Management Corporation (AIMCo) and was responsible for its gross CAD$30 billion real estate portfolio globally across core to opportunistic strategies. "Paul brings a valuable, differentiated experience from a career spent at both best-in-class global general and limited partner investment platforms that will help Crow Holdings Capital to continue to evolve and enhance its investment approach," said Bob McClain, Chief Executive Officer of CHC. "We enthusiastically welcome Paul to the investment business and look forward to the wide-ranging real estate experience and alternative insights he brings to our talented team," said Michael Levy, Chief Executive Officer of Crow Holdings. "Paul will be a valuable addition as we seek to provide new investment solutions to our growing base of global investment partners." "It's truly an honor to join a storied firm like Crow Holdings, whose reputation as an industry leader has been earned over decades," Mouchakkaa said. "CHC's remarkable track record of success is well-understood across the industry. When coupled with the on-the-ground presence of its affiliate Crow Holdings Development, one of the largest developers in the U.S. with 18 offices in key markets, CHC provides unique capabilities and opportunities for global investment partners. I look forward to what the future holds." Prior to his tenure at AIMCo, Mouchakkaa served as Managing Partner, Head of Canada with BentallGreenOak ("BGO") and led the Canadian Investment Management team, responsible for a gross CAD$25 billion diversified real estate portfolio made on behalf of 140 Canadian and global investors. Prior to BGO, Mouchakkaa served as Managing Investment Director and Head of Real Assets for the California Public Employees' Retirement System ("CalPERS"), with responsibility and authority for CalPERS' $50 billion real asset portfolio that included top-tier commercial real estate assets and $7 billion in infrastructure assets located across the U.S., as well as in Europe, Asia, and the Americas. Mouchakkaa also was previously Managing Director and Global Head of Real Estate Research and Strategy for Morgan Stanley Real Estate Investing and he served as a Managing Director at Pension Consulting Alliance, among other relevant work experience. Mouchakkaa is an Honors Economics graduate of Carleton University in Ottawa and holds an MBA majoring in Finance from the University of Oregon. Crow Holdings Capital is currently in the placement period for the $3.7 billion in investable equity raised for Crow Holdings Realty Partners X, L.P., the tenth vintage of its flagship value-add fund series. About Crow Holdings Crow Holdings is a leading real estate investment and development firm founded in 1948 and based in Dallas, Texas. With 18 offices across the U.S., Crow Holdings' local, on-the-ground presence amplifies its hands-on capabilities across a broad range of investment strategies, product types, and ventures in partnership with institutional investors. Crow Holdings has $32 billion in assets under management, one of the largest multifamily and industrial development platforms in the nation, investments across the energy sector including solar and battery storage projects, and a broad, diversified investment portfolio, pursuing compelling investment opportunities to capitalize on evolving, secular growth potential. For over 75 years, Crow Holdings' success has been rooted in its founding principles of partnership, collaboration, and alignment of interests, and the company continues its legacy of looking forward. For more information, please visit: View source version on Contacts Adam McGillCrow Holdingsamcgill@ Prosek Partnerspro-crowholdings@
Business Wire
09-06-2025
- Business
- Business Wire
Crow Holdings Announces Paul Mouchakkaa Has Joined the Investment Team as Senior Managing Director of Real Estate
DALLAS--(BUSINESS WIRE)--Crow Holdings, a leading national real estate investment and development firm, announced today that industry veteran Paul Mouchakkaa has joined its investment management business Crow Holdings Capital ('CHC') as a Senior Managing Director. Based in Dallas, Mouchakkaa will be responsible for Build-to-Core and Core+ investment programs and establishing new investment strategies while leveraging his decades of investment management experience to enhance CHC's Investment Committee. Mouchakkaa brings nearly 25 years of institutional real estate experience, creative solutions, and service as a trusted advisor to CHC. Most recently, Mouchakkaa served as Head of Real Estate of Alberta Investment Management Corporation (AIMCo) and was responsible for its gross CAD$30 billion real estate portfolio globally across core to opportunistic strategies. 'Paul brings a valuable, differentiated experience from a career spent at both best-in-class global general and limited partner investment platforms that will help Crow Holdings Capital to continue to evolve and enhance its investment approach,' said Bob McClain, Chief Executive Officer of CHC. 'We enthusiastically welcome Paul to the investment business and look forward to the wide-ranging real estate experience and alternative insights he brings to our talented team,' said Michael Levy, Chief Executive Officer of Crow Holdings. 'Paul will be a valuable addition as we seek to provide new investment solutions to our growing base of global investment partners.' 'It's truly an honor to join a storied firm like Crow Holdings, whose reputation as an industry leader has been earned over decades,' Mouchakkaa said. 'CHC's remarkable track record of success is well-understood across the industry. When coupled with the on-the-ground presence of its affiliate Crow Holdings Development, one of the largest developers in the U.S. with 18 offices in key markets, CHC provides unique capabilities and opportunities for global investment partners. I look forward to what the future holds.' Prior to his tenure at AIMCo, Mouchakkaa served as Managing Partner, Head of Canada with BentallGreenOak ('BGO') and led the Canadian Investment Management team, responsible for a gross CAD$25 billion diversified real estate portfolio made on behalf of 140 Canadian and global investors. Prior to BGO, Mouchakkaa served as Managing Investment Director and Head of Real Assets for the California Public Employees' Retirement System ('CalPERS'), with responsibility and authority for CalPERS' $50 billion real asset portfolio that included top-tier commercial real estate assets and $7 billion in infrastructure assets located across the U.S., as well as in Europe, Asia, and the Americas. Mouchakkaa also was previously Managing Director and Global Head of Real Estate Research and Strategy for Morgan Stanley Real Estate Investing and he served as a Managing Director at Pension Consulting Alliance, among other relevant work experience. Mouchakkaa is an Honors Economics graduate of Carleton University in Ottawa and holds an MBA majoring in Finance from the University of Oregon. Crow Holdings Capital is currently in the placement period for the $3.7 billion in investable equity raised for Crow Holdings Realty Partners X, L.P., the tenth vintage of its flagship value-add fund series. About Crow Holdings Crow Holdings is a leading real estate investment and development firm founded in 1948 and based in Dallas, Texas. With 18 offices across the U.S., Crow Holdings' local, on-the-ground presence amplifies its hands-on capabilities across a broad range of investment strategies, product types, and ventures in partnership with institutional investors. Crow Holdings has $32 billion in assets under management, one of the largest multifamily and industrial development platforms in the nation, investments across the energy sector including solar and battery storage projects, and a broad, diversified investment portfolio, pursuing compelling investment opportunities to capitalize on evolving, secular growth potential. For over 75 years, Crow Holdings' success has been rooted in its founding principles of partnership, collaboration, and alignment of interests, and the company continues its legacy of looking forward. For more information, please visit:
