CAPRE’s Commercial Real Estate Headlines for October 1, 2019

Check out the latest deals and developments in commercial real estate for October 1, 2019: Blackstone to Buy U.S. Logistics Assets from Colony Capital for $5.9 Billion USD: Colony Capital, Inc. and Blackstone Real Estate Partners IX, an affiliate of Blackstone have entered into definitive agreements for Blackstone to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for an aggregate purchase price of $5.9 Billion USD. The Colony Industrial last-mile light industrial portfolio represents the substantial majority of the total transaction and comprises approximately 60 million square feet of infill, logistics assets across 465 light industrial buildings in 26 U.S. markets, with significant concentration in Dallas, Atlanta, Florida, northern New Jersey, and California. The transaction also includes Colony’s 51% ownership interest in a 4 million square foot portfolio of bulk distribution assets and the affiliated operating platform which manages the properties of both portfolios. Brookfield Business Partners to Invest in BrandSafway: Brookfield Business Partners will acquire half of CD&R’s ownership interest in Brand Industrial Services. As a result of the investment, Brookfield and funds managed by CD&R will each own approximately 45% of the Company. BrandSafway management will continue to own a minority interest in the business. BrandSafway is a leading provider of infrastructure services to industrial and commercial facilities on a global basis. The Company delivers scaffolding and other work access solutions, forming and shoring equipment, and numerous specialty industrial services…