Goldman Alum Running CRE Unit at Galvanize Strikes Chicago Deal

Joseph Sumberg, a former Goldman Sachs Group Inc. banker who now runs Galvanize Real Estate, has added seven industrial properties in the Chicago area to the firm’s portfolio of commercial real estate.

The deal, which is part of Galvanize’s plan to allocate a total of $1.85 billion to buildings that it can decarbonize and then resell at a profit, adds 730,000 square feet to the investment firm’s portfolio, Sumberg said. After the purchase, Galvanize will hold real estate covering more than 2.3 million square feet of property.