The heads of Disney told us that they are more excited about the development of Astoria than they have been about any other development in a while. They recognize that CGI thinks outside of the box and brings a style that very few developers embody. Here are some of the deign elements that caught their eye.
Family offices are not built for quarters. They are built for generations.
That distinction shapes everything; how risk is understood, how capital is deployed, and, perhaps most importantly, how patience is exercised. The objective is not to outperform in a moment, but to preserve and compound capital in a way that endures.
Over time, this mindset tends to return to certain asset classes. Real estate has consistently been one of them, not because it is perfect, but because it has proven to be resilient.
CGI+ Real Estate Strategies, the multifamily investment firm founded by Gidi Cohen, has sold a fully entitled Los Angeles development site to JPI for $40 million.