There are so many financial aspects of the business on all sides of the transaction, and yet one thing we hear over and over again is that there is not enough education on the subject. So we’ve rounded up some sage advice from contributors to guide you through areas thatRead More →
A vineyard, orchards and farms, equestrian stables and event venues among three proposals the city council and community will consider on Tuesday, May 17, considering how San Juan Capistrano could use what remains of 65 .5 acres of undeveloped urban space. The City Council narrowed down the amenity development proposalsRead More →
Struggling with deadlines, the Maui County Council on Friday approved property tax rates for the next fiscal year, even as several members expressed the need for a more thorough review of rates and tax policy. land. Residents of owner-occupied homes will mostly see lower rates than they’re currentlyRead More →
TAMPA — A report from global commercial real estate firm Cushman and Wakefield estimates that the cost of leasing commercial space has risen about 10% since the pandemic. What do you want to know The CDC has matched hundreds of residents with homes they can afford, provided job training andRead More →
“Yes, we rent our house to tourists. But we also welcome your family when they visit the coast, but do not want to stay in the hotel. We leave our place to substitute obstetricians who deliver new family members. We also rent to companies that bring in workers to buildRead More →
Forward-looking statements Certain information contained herein includes forward looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Liquidation Reform Act of 1995 (the “Act”). Forward looking statements in this report, or which management may make orally or in written form from time to time,Read More →
INDIANAPOLIS, May 3, 2022 /PRNewswire/ — International Medical Group® (IMG®), an award-winning global insurance benefits and assistance services company, announced a new partnership with Roamly Insurance Group (Roamly), the first integrated insurance technology for travel enthusiasts with RV insurance offerings. unique. IMG is excited to offer three travel and healthRead More →
LOS ANGELES (CNS) — Los Aneles City Council on Friday approved a motion to strengthen enforcement of a city ordinance banning unauthorized and non-compliant Airbnbs and other short-term rental operations. Councilor Nithya Raman and Councilors Bob Blumenfield, Mike Bonin and Paul Koretz’s motion called for the Planning Department to reportRead More →
In general, real estate investments – such as rental properties or equity investments like real estate investment trusts (REITs) – tend to hold up well in inflationary environments. Real estate values and rental income tend to follow inflation over time, and investment vehicles that invest in real estate tend toRead More →
WASHINGTON–(BUSINESS WIRE)–April 27, 2022– CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate markets, real estate market information and analysis, today announced that LoopNet, the premier online commercial real estate , had a record quarter for site traffic in the first quarter of 2022. “Traffic is onRead More →
Hertz is charging its systems to manage a growing number of electric vehicles in its rental fleet by moving to the cloud. On Monday, Hertz announced a collaboration with Amazon Web Services (AWS) to modernize and digitize the Hertz customer experience and key components of its new mobility platform, includingRead More →
(April 21, 2022) Three proposals intended to address the growing concern over short-term vacation rentals are heading to the May 2 town meeting. However, the exact nature of this concern differs significantly, depending on who you ask. On one side are supporters of a pair of city-sponsored items. One aimsRead More →
Alex_533/iStock via Getty Images I’ve written two articles explaining why I think United Rentals (NYSE: URI) is an excellent long-term investment; in this article i want to focus on why i think the business will be successful in a high inflation environment. I am on the file as being skepticalRead More →
The trend of the real estate market in Allen County is illustrated by the following report, for the week of April 7th to April 13th. Figures reflect the sale price of the property, as well as the address or lot number of the property and are courtesy of Allen OfficeRead More →
In April, one of Inman’s most popular recurring theme months returns: Back to Basics. Throughout the month, real estate professionals from across the country share what’s working for them, how they’ve evolved their systems and tools, and where they’re investing personally and professionally to drive growth in 2022. It’s alwaysRead More →
By Emma Whitford (April 11, 2022, 4:07 p.m. EDT) – A venture between New York-headquartered Exact Capital and Elevate Commercial Investment Group of Texas has purchased an 850-unit residential complex in Oklahoma City for $59 million. dollars, with plans for affordable housing, advised by Arnall Golden Gregory LLP. Buyers willRead More →
On the West Side in North Lawndale, community organizers have ambitious plans to build hundreds of affordable homes but are struggling to secure low-cost building loans. A partnership between United Power for Action & Justice, Lawndale Christian Development Corp. and Chicago Neighborhood Initiatives raised $12.5 million to begin construction, butRead More →
The East Fort Worth Neighborhoods Alliance released a paper outlining its members’ views on legalizing short-term rentals in the city on March 23. The four-page document contains a series of recommendations for managing short-term rentals, including zoning provisions, licensing requirements and a rigorous inspection and complaints process. The alliance includesRead More →
The former Kmart site is closing in on its new use as a mixed-use development known as “Copper Rocks” after the La Crosse City Plan Commission approved its new zoning Monday night. Three Sixty Real Estate Solutions developers are requesting that the property at 2415 State Road be rezoned fromRead More →
Axiom Space, a commercial aerospace company based in Houston, Texas, plans to launch humans into space for the first time next Wednesday (April 6). The company’s first crewed mission to space, called Ax-1, passed its flight readiness exam on March 25. The Axiom Space mission, which will send a crewRead More →
Joel Fountain, Travis Hansen and Gary Tremaine have been named senior vice presidents within Dickson Commercial Group.Promotions are the result of the combination of recent transactional production and seniority in the market.With over 15 years of commercial real estate experience, Fountain has become an expert in the northern Nevada industrialRead More →
Stonehill, a commercial real estate direct lender, announced that it was ranked the tenth largest commercial real estate hotel lender in the United States by origination volume based on the Mortgage Bankers Association’s 2021 rankings ( “MBA”). In 2021, Stonehill originated $822m in loans across 30 deals, with an averageRead More →
The Business Journal asked key experts who negotiate numerous deals in Sonoma, Solano, Marin and Napa counties to recount market highlights over the past 12 months and what the future may hold. Demand from e-commerce and logistics companies propels Solano-Napa industrial agreements More than 1.7 million square feet of newRead More →
Lightstone Capital, the real estate debt platform of stone of lightannounced today that it has provided a senior loan of $52 million for a two-building, 152,000 square foot portfolio of commercial properties in the Midtown South neighborhood of Manhattan. The transaction allows the sponsor, R&B Realty Group, to refinance anRead More →
A new app designed to help real estate brokers build customer loyalty is also referring customers to a mortgage company linked to the app that has been accused of steering borrowers into higher-rate loans and failing to protect their personal information. Realfinity’s “HomeDashboard for Homeowners” app helps consumers track theirRead More →
The continued growth of e-commerce is fueling demand in Connecticut for more warehouse space to store and distribute goods. That’s why an office and industrial building at 419A West Ave. at Stamford Executive Park, a few blocks south of Interstate 95 Exit 6, will soon be demolished to make wayRead More →
The Alabama Futures Fund has invested in a platform that connects people in need of short-term office leases with landlords and property managers. Office Exchange, which was based in Denver, Colorado, will move its headquarters to Alabama as part of the deal. This is the 14th investment made by theRead More →
Citizens buy food from a street stall in Chengdu, Sichuan province, China, June 22, 2021. Edition of the future | Edition of the future | Getty Images BEIJING — China on Tuesday reported better-than-expected growth in retail sales, capital investment and industrial production to start the year. The data releasesRead More →
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Friday to clients and investors, Zacks.com reports. According to Zacks, “Apollo Commercial Real Estate Finance, Inc. is focused on investing in, acquiringRead More →
A former shopping center in Reading could become a self-service storage centre. Douglass Development Corporation is seeking a waiver from the Reading Zoning Hearing Board for the required setbacks and subdivision of the former Reading Station Outlet Center. The real estate development company founded by Douglass Jemal and based inRead More →
It is too early, and the future of the Russian-Ukrainian conflict is too uncertain, to say with certainty what the extent of the economic and real estate impact in South Africa could be. However, there are seemingly obvious potential points of impact on the national real estate market via economicRead More →
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“After decades of Barrie trying to attract large-scale investment to our downtown, we are seeing it now,” says Barrie Mayor Barrie’s Urban Growth Center (UGC), which includes the downtown core, is poised for unprecedented development. The city’s fourth quarter 2021 update on residential development applications shows 16 projects underway. “YouRead More →
President Biden has promised “devastating sanctions” if Russia invades Ukraine. Russia did. And so the most recent sanctions followed. These penalties can have a direct effect on the documents that are signed daily in the commercial real estate industry. This legal update reviews recent penalties and what clients should beRead More →
Technology applications in commercial real estate have come a long way over the past decade. Online listings and 3D virtual tours are just a few examples of the technological innovations that have marked commercial real estate. Frank Farricker, a real estate manager from Greenwich, Connecticut, shares many of the waysRead More →
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195 Haggart Building A in Winnipeg is a distribution warehouse built by QuadReal in 2021.QUADREAL In Waterloo Region in 2008 it cost $80,000 per acre to purchase a vacant 28.5 acre site zoned for future industrial development. Demand for commercial land then soared, and a decade later similar properties wereRead More →
Fred Cordova and Corion Enterprises are leading the way in creating value in the commercial real estate space. The Game Changers edition of DotCom magazine DotCom Magazine’s Exclusive Entrepreneur Spotlight Series The PR issue of DotCom magazine The Power of Zoom Interview Issue Fred Cordova, CEO and Founder of CorionRead More →
The 2.3 million square feet of office rentals reported in January was well below the 2019 monthly average of about 3.6 million square feet for commercial buildings in the city, according to data from Colliers. “We believe your team has built a portfolio of high-quality properties,” Monarch co-founder Adam SklarRead More →
Nearly all of the Alders agreed with a development plan that would take open space just west of North Fish Hatchery Road and fill it with nearly 180 apartments. There was one exception, namely from Ald. Jay Allen (D-3), who previously lived next to the open area being considered forRead More →
For landlords impacted by store closures during the pandemic, well-funded healthcare providers, who tend to sign long-term leases, are suddenly desirable. “As the landlord thinks about what will happen if we go through a crisis again, he wants things that won’t close – grocery stores, pharmacies and medical facilities,” saidRead More →
Having the right tenants pays off especially for some businesses. GFP Real Estate refinances itself 71 Thomas Street to TriBeCa with a $23.3 million loan from Capital one to attempt to reposition the asset, which is currently occupied by the New York State Supreme Courtk and the New York CityRead More →
Aim for 90-day deadline, separate questions on backyard hens and contribution cap [ By Katherine Nettles ] The Crested Butte South Property Owner’s Association (POA) determined last week that it would hold a new vote on amendments to its covenants this year after reversing the previous vote held last November.Read More →
Magic Johnsonwho spearheaded development in underserved urban communities in the decades since the end of his storied NBA career, lobbies for more commercial real estate investment in initiatives that benefit minority areas. The five-time NBA champion with the Los Angeles Lakers said Monday Mortgage Bankers Association CREF conference in SanRead More →
John Bach and Zach Dulla fly high. Their drone company, Indoor Drone Tours, has shot real estate promotional videos in luxury skyscrapers and commercial spaces across the city. But their aerial devices also buzzed inches away from Chicago Bulls dancers, known as the Luvabulls, and alongside team mascot Benny theRead More →
If there was any doubt that commercial real estate sales have yet to recover from the pandemic recession, a recent report by the Hayes Commercial Group of Santa Barbara certainly proves otherwise. Trade sales for the fourth quarter of 2021 topped the charts with 117 deals totaling $770 million, theRead More →
Construction underway at Scripps Ranch Hub in 2021. Courtesy of Sudberry Properties The recovery from the pandemic recession has been positive for California commercial real estate, with solid industrial and multi-family housing and retail experiencing “new demand not experienced in years.” That was the word Wednesday from the Allen Matkins/UCLARead More →
NEW YORK, February 8, 2022 /PRNewswire/ — Lev threw Lev readythe world’s first end-to-end digital lending platform for commercial real estate (CRE), to transform the industry’s notoriously complex lending process into a stunningly beautiful digital experience. Lev Lending is the new direct lending arm of Lev, the CRE financing platformRead More →
Real estate transactions totaled $25,580,041 over 29 sales for the week of January 28 to February 3. 10000 national road 131 Seller: GEHL Enterprises Ltd. Liability Co. Buyer: Toponys LLC Date: January 27, 2022 Price: $219,300 Property Description: SEC 16-1-84. 861 Douglas Street Seller: Daniel W. Stroock Buyer: Adrienne M.Read More →
Not only is finding the right commercial real estate for your business a technically complicated undertaking; it takes a lot of thought, planning and careful selection – not to mention it can be a rollercoaster of emotions. Much like finding the perfect home, it can be extremely stressful and robRead More →
PROVIDENCE, RI (WPRI) – Rhode Island officials are in renewed serious talks about a potential deal to redevelop the so-called “Superman Building” in downtown Providence, according to multiple officials, though it’s unclear how close they are to making a deal. The 26-story building at 111 Westminster St., long known asRead More →
Mead Town’s Board of Trustees unanimously approved an intergovernmental agreement and service plan for the Metropolitan Districts of Turion on Monday evening, paving the way in part for the development of a planned community of more than 2,000 acres with over 4,000 homes and 5.3 million square feet. of commercialRead More →
Amazon (NASDAQ: AMZN) has already done a great job of building and maintaining a strong customer base online. But the distribution giant will not stop there. Amazon has been growing its physical footprint for years, from buying and opening groceries to experimenting with deals like clothing. And he also madeRead More →
If you hear someone say they know building codes, take it with a grain of salt. The code book, just for homes, called the International Residential Code, is two inches thick of dense text in eight-point font on thin, cloth-like pages. Reading is not easy. Steve Onstad, owner of EvergreenRead More →
Krause’s holding company, Krause Group, has a diversified business portfolio that includes, in addition to football clubs, convenience stores, wineries and hotels, real estate and agriculture. His business drive and proven leadership led him to the top of Kum & Go LC, a family-owned convenience store chain founded over 60Read More →
Located at 1350 Bayshore Highway, the property has a total of approximately 196,000 square feet of habitable space, including approximately 12,000 square feet of amenity space on the lower level. The building is currently 85% leased to over 35 tenants, including Alaska Airlines, Cushman & Wakefield, BTIG and Acco Brands.Read More →
Ja Keel, a converted former HMRC office building overlooking Liverpool’s waterfront, is touted as the solution to boring, impersonal rental accommodation. Tenants in the 240 new apartment block can simulate a sunny glow on video calls by logging in from its new “Zoom Room”. According to its interior designer, JasperRead More →
The organization behind an annual real estate industry awards program in Wilmington has announced this year’s finalists. Cape Fear CREW (Commercial Real Estate Women) is scheduled to host its fourth in-person Achievement Awards event at 11 a.m. on February 24 at the Wilmington Convention Center. “The awards, which focus onRead More →
On November 15, 2021, the New York City Council approved a bill banning gas hookups in new buildings, making the largest city in the United States the latest in a series of municipalities to ban gas infrastructure. natural gas in new homes and buildings. In the two and a halfRead More →
The office from which I write this column is almost empty. The same goes for the offices of many different companies – banks, law firms, media – which I can see from the Midtown windows of the New York Post. But does this portend a dystopian future of deserted officeRead More →
If you take a long-term view of investing, the success of a business is determined by what the business does for the environment, how it interacts with society, and how it is set up to be managed. The investment world has shortened this idea to three letters: ESG. They representRead More →
Glenn Youngkin becomes governor of Virginia on Saturday, replacing the outgoing Ralph Northam, and upending an eight-year run of Democratic leadership. Youngkin is a political newcomer, who spent more than two decades at the Washington, D.C.-based private equity firm The Carlyle Group. Youngkin joined the firm in the 1990s, eventuallyRead More →
A report predicted Houston’s retail market would return to pre-pandemic levels in 2022 in terms of occupancy, but new construction would remain weak. (Courtesy of Fotolia) A report by Dallas-based real estate group Weitzman predicted that Houston’s commercial real estate market will return to pre-pandemic occupancy levels in 2022. WeitzmanRead More →
Indian real estate, particularly commercial real estate, could see temporary delays in signing new leases due to disruptions related to Omicron; But the long-term outlook for the sector’s categories – home sales, rental of office and retail space and alternative asset class developments – remains intact, said Anurag Mathur, CEORead More →
After 30 years as the successor to what was once the tallest building in the world, Sears’ headquarters at Hoffman Estates will get a new goal this year as soon as the sprawling property goes up for sale. The party or parties that take on this assignment will need twoRead More →
Los Angeles-based venture capital firm Fifth Wall Ventures acquired 7,434 square feet for a new location on the entire fourth floor of 2 Ninth Avenue in the Meatpacking District, according to a source familiar with the matter. The rent requested was $ 95 per square foot for the five-year agreement.Read More →
The Southern California industrial machine never stops. Los Angeles based real estate company IDS Real Estate Group acquired a fully leased 330,946 square foot multi-tenant business park in eastern LA County for $ 108.6 million. Records show Properties of Vogel owned the 33-building Walnut activity park at 360 South LemonRead More →
the New York State Attorney General‘s Office subpoenaed former president Donald trump and his two eldest children, Ivanka and Donald Trump Jr., for their sworn testimony in a civilian inquiry into the Trump organizationthe business practices of – although the Trumps refused to comply. Attorney General Letitia james investigated theRead More →
The dollar volume of residential and overall real estate sales in Pitkin County continued to innovate in 2021, but the groundbreaking construction of a home will be a different story in 2022. Pitkin County property sales – which included mansions, commercial buildings, hotel fractions, vacant lots, horse stalls, employee quarters,Read More →
SARASOTA – A flurry of deals over the past two weeks means the commercial real estate market of 2021 is ending pretty much the way it has run all year, on a hot streak. The deals, which were announced in the past two weeks, include sales of land for residentialRead More →
Bengaluru: Hyderabad-based real estate company Ashoka Builders India Private Limited (ASBL) purchased a 10-acre plot of land in the Kukatpally area, for ??235 crores. “We intend to build a mixed-use development, combining high-end residential development and Category A commercial space by June 2025. We plan to invest more around ??250Read More →
FinCEN recently announcement Regulatory Proposal Notice (ANPRM) to solicit public comments on potential requirements under the Banking Secrecy Act (BSA) for certain persons involved in real estate transactions to collect, report and retain information. FinCEN intends this regulation to address the systematic money laundering vulnerabilities presented by the US realRead More →
“This is the same general proposal but a different design and layout,” said Rich Atkinson, town planner, of the new proposal. The draft was originally submitted in March and elicited some feedback from residents and members of the Flowery Branch city council during the April 1 meeting. According to theRead More →
Equity research analysts expect Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) to post earnings per share of $ 0.33 for the current quarter, Zacks investment research reports. Two analysts have estimated the earnings of Apollo Commercial Real Estate Finance. Apollo Commercial Real Estate Finance posted earnings per share ofRead More →
Ahhh, winter! The smell of fires in the chimneys, the low rains and snowflakes in the mountains, the cooler temperatures, the uninterrupted rhythm of Christmas carols – and it’s college football ball season! A sport that is truly American in its origins. Whether you’ve played at a professional level orRead More →
Flemington Borough Council passed an ordinance establishing the Liberty Village Redevelopment Planâ€Which will transform the remarkable shopping center of the borough into mixed-income housing. The plan, approved Monday night, is to redevelop the Liberty Village redevelopment area – which includes 10 lots and approximately 23 acres – into multi-family residentialRead More →
Just a week after McWhinney Real Estate Services Inc. unloaded one of its industrial properties in core development for nearly $ 100 million, the developer was cleared to build two more right next door. Broomfield City Council on Tuesday unanimously approved plans to build a pair of flexible industrial buildingsRead More →
The historically male dominated field of commercial real estate has proven to be a challenge for women not only to infiltrate, but to rise in it as well. Women commercial real estate professionals often find themselves the only woman in the room when making critical business decisions. Constantly confronted withRead More →
A green commercial building benefits not only the environment, but also owners and tenants. The promises of lower utility costs, better indoor air quality, higher real estate value, better employee morale, and goodwill that come with helping out planet have pushed so-called green leases into the mainstream. In the wakeRead More →
Kiemle Hagood Co-Owner and Chairman of the Board, Tom Quigley, has built a community throughout his 46-year career in commercial real estate. Quigley was hired as a commercial real estate salesperson for Kiemle Hagood in 1975, became director of the firm’s brokerage division in 1980, co-owner in 1987, and wasRead More →
(STACKER) – Famous actors seem to have it all – looks, wealth, talent, and top-notch real estate in stunning locations around the world. Their homes have all the amenities and luxuries. For some players, however, real estate is more than an enviable estate or mega-mansion, it is an investment thatRead More →
Interview with Radwan Dakmak, CEO of Meridian Group Why did you convert serviced apartments into a commercial building? The original plan was to have a serviced apartment building in the complex of the Atlantic Tower therefore they would complement each other. Visitors or short-term staff who come to Accra toRead More →