Long Island’s industrial revolution: Long Island Business News
In a March 4, 2022 article in Long Island Business News, reporter David Winzelberg mentions that BEB Capital formed a joint venture with Boston-based Rockpoint Group to acquire up to $1 billion in industrial assets in the Northeast, with a primary focus on Long Island properties.
The article quotes BEB CEO Lee Brodsky who says, “Given the velocity of the marketplace and the number of national players in the market, the level of competition for larger existing product is at an all-time high and it’s exceptionally hard to acquire because anything over $20 million you have a dozen national players fighting tooth and nail.”
“We’re actively negotiating on ground-up development sites on Long Island right now,” Brodsky told LIBN. “It seems like that is the place where we’ll be able to extract value especially being a local operator.”
Read the complete Long Island Business News article here: https://libn.com/2022/02/09/beb-surpasses-100m-in-real-estate-lending/