The decline of retail as we know it has an upside, according to Jonathan Gray, Blackstone Group’s global head of real estate, and it’s in logistics. “It’s hard not to be enthusiastic about logistics, in particular, around this last mile,” Gray said during a conversation over lunch at the annual REIT symposium hosted by NYU’s Schack Institute at The Pierre Hotel. As online sales eat away at traditional retail, the industrial ... [more]