CAPRE’s Commercial Real Estate Headlines for January 13, 2020

Check out the latest deals and developments in commercial real estate for January 13, 2020: Bridge Investment Group Names Matthew Jensen Managing Director of ESG and Sustainability: Bridge Investment Group (“Bridge”) has named Matthew Jensen as Managing Director of ESG and Sustainability. He will oversee the development, implementation and refinement of Firm-wide environmental, social and governance initiatives and practices, driving sustainable investments and operations. Mr. Jensen is a Partner at Bridge, and previously served as Chief Operating Officer of Fund Operations at the Firm. In his new role, he will lead the Firm’s ESG Steering Committee in setting targets for and promoting Firmwide environmental, social and governance initiatives, collaboration and engagement in areas that are important to Bridge stakeholders, including investors and tenants. Institutional Property Advisors Closes Luxury Mixed-Use Asset Sale in LA’s Koreatown: Institutional Property Advisors, a division of Marcus & Millichap have announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. The Pearl on Wilshire is located near two metro stations and within a half-mile of over 2.2 million square feet of neighborhood-servicing retail businesses, restaurants, and entertainment venues. Within a 30-minute commute there is approximately 225 million square feet of office space and many prominent employers across a wide variety of industries. Prologis Completes $4 Billion USD Acquisition…