While historically family-owned, the parking industry is today largely dominated by two players: SP Plus (SP+) and ABM. But the industry is facing some challenges. Aside from the rise of e-commerce and ride-hailing, a post pandemic world where workers are rarely driving into urban areas is forcing the industry to pivot and expand its services, as well as heavily invest in technology. It remains to be seen if those strategic decisions will pay off.
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Shaked Acquisitions has bought Cobb Place, a 335,190-square-foot retail middle in Kennesaw, Ga., for $63.5 million. Wicker Park Capital Administration...
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