Standard Real Estate Investments, LP, a minority-owned national real estate investment and development firm with offices in Los Angeles and Washington D.C., has formed an equity investment venture with funds managed by GCM Grosvenor to target approximately $150 million of industrial property developments across the U.S. over the next 12-18 months.
Robert Jue, CEO of Standard expressed his enthusiasm for this venture: “We’re excited about the dynamics of the industrial development market which we believe will enable us to source great opportunities through our partnership with GCM Grosvenor.” He further added that user demand remains strong due to e-commerce growth and onshoring overseas facilities but capital markets remain challenging for sponsors; thus their program can help fill a financing gap.
The Standard/GCM Grosvenor joint venture is targeting three to four transactions focusing on shovel ready warehouse/logistics properties ranging from 200,000 – 500,000 square feet in major logistics markets nationwide
“Owner of Hollywood Office Purchases Adjacent Property”
The property at 747 Seward St. in Hollywood has been purchased by Brian Ballard, founder of bipartisan lobbying and PR
Steve Griffin
November 14, 2024
