SEATTLE-As GlobeSt.com previously reported, the JoshuaGreen Corp., a Seattle-based investment firm, recentlymade an investment in locally based realestate operating company Urban RenaissanceGroup. The transaction includes JGC’s existing$150-million portfolio, which now becomes part of URG, mergingJGC’s real estate assets into URG’s operating platform. JGC hasalso committed up to $50 million in additional investment for URG’sfirst fund, Urban Renaissance Investment PartnersLLC.
GlobeSt.com chatted with URG CEO PatrickCallahan on the deal and he notes that the deal wasn’tdriven by timing. “It was more a matter of building a long-termcompany with a long-term view.”
Callahan tells GlobeSt.com that URG will continue to invest invalued-added office and retail properties “in top central businessdistricts and well-located suburban markets.” Geographically, hesays, URG will focus on Seattle, with an emphasis on expanding itsportfolio in Portland first, then Denver and ultimately SanFrancisco “when the timing is right.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
