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.
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 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.
Empty storefronts. Vacant office buildings. Proposed large-scale commercial developments that recede like mirages.
As regional investors flock to the area, a global player is selling a major asset, which houses Microsoft.