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Commercial Real Estate News for Monday, Sept. 25

In Monday’s commercial real estate news – we’ll look at the HIG  bayside capital who hired managing director to oversee distressed Commercial Real Estate, how Austin’s GDP growth is strong but slowing, how Nevada county’s Commercial lags behind economic recovery, and more.

H.I.G. Bayside Capital Hires Managing Director to Oversee Distressed Commercial Real Estate

A global alternative asset firm with $23 billion of equity capital under management, announced that Steven Schwartz, former Head of Acquisitions and originations at Torchlight Investors, LCC, has joinhed H.I.G. Bayside Capital.

Austin’s GDP growth strong but slowing; Area still among best in nation

Austin’s real gross domestic product — the value of all the goods and services that come out of the five-county area – grew 4.9 percent from the previous year.

Nevada County’s commerce lags behind in economic recovery

Empty storefronts. Vacant office buildings. Proposed large-scale commercial developments that recede like mirages.

Eastgate is the Eastside’s new hot office market

As regional investors flock to the area, a global player is selling a major asset, which houses Microsoft.