Residential Infill Development Ordinance Proposal City staff have proposed amendments to the Minor Subdivision Ordinance and Subdivision and Building Standards to ensure that any new lots created or proposed development are contextually appropriate for the neighborhood in which it is located. We collectively refer to these amendments as the “Residential Infill Development Ordinance” because the […]
Home, commercial property values rise in Pierce County
Property values have increased in Pierce County. Home values in the county have increased by an average of $80,000 over the past year, according to Pierce County Assessor-Treasurer Mike Lonergan. Residential property values have increased by more than 19% this year, compared to 16% in 2021. Lonergan said rising property values don’t mean homeowners should […]
“The Bricks” to expand residential living space in downtown Fort Smith
More residential housing will open in downtown Fort Smith as early as January 2023, with Ghan & Cooper Commercial Properties beginning a $6.5 million renovation of a former hotel into 66 apartments. Developers say it will offer “practical living” amidst “modern luxury”. Fort Smith-based Ghan & Cooper, led by partners Kathleen Caldarera, Bob Cooper and […]
Hauppauge’s industrial property traded for $38.5 million
An industrial property in Hauppauge was sold for $38.5 million. Link Logistics Real Estate, a subsidiary of Blackstone, purchased the 140,000 square foot building on 7.05 acres at 2100 Pacific St. The property is fully let to two tenants. The sale price equates to $275 per square foot, an all-time high for Hauppauge Innovation Park […]
Eidelman Virant Capital sells 1,250 shares of New Residential Investment Corp. (NYSE:NRZ)
Eidelman Virant Capital reduced its stake in New Residential Investment Corp. (NYSE: NRZ – Get Rating) by 3.9% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company held 31,000 shares of the real estate investment trust after selling 1,250 shares during the period. Eidelman Virant Capital’s […]
Inauguration of the new Indian residential schools memorial
The memorial was unveiled at the event on Tuesday in the grounds of Government House. REGINA – National Indigenous Peoples Day has seen the unveiling of a new memorial on the grounds of Government House. Lieutenant Governor Russ Mirasty, Government of Saskatchewan, and Indigenous leaders, Elders and residential school survivors were on hand for the […]
Ten-storey residential project in mind | Midlands property news
A ten-storey residential development next to Nottingham railway station has reached its peak. The 348-flat Queen’s Road project was presented by blocwork, a joint venture between Network Rail and bloc Group, which won planning permission in 2019. In 2020, Grainger agreed to acquire the development through a term agreement. Construction activity began in early 2021, […]
Marketing and Execution Specialist Moves to Oswestry Industrial Property
Elevation Marketplace Services’ New Oswestry Home Elevation Marketplace Services Ltd has moved to the city’s Mile Oak industrial area after completing the rental of Unit 21. The property, which comprises two connected and independent modern industrial units, is approximately 40,368 square feet, complete with overhead crane and offices. Set on 1.71 acres, it benefits from […]
RangeWater to Develop Residential Campus in Metro Atlanta Totaling 488 Units
The Buford, Georgia campus will include The Margot, a 332-unit apartment community (render pictured above). BUFORD, GA. –RangeWater Real Estate has purchased 50 acres in the Atlanta suburb of Buford with plans to build two adjacent residential communities totaling 488 units. Properties include The Mabry, a build-to-let community with 156 single-family homes, and The Margot, […]
Shelbourne doubles 2016 investment in Newington industrial property with $45 million sale
New York-based real estate developer and investor Lightstone has paid $45 million for a 622,262 square foot industrial building and two vacant lots in Newington. Shelbourne Newington LLC – an investment vehicle of New York-based real estate investment and development firm Shelbourne – has sold its controlling interest in properties at 301, 311 and 353-407 […]
Mixed-use residential project planned for Bellevue North Plaza, site of Panera and BevMo!
Bellevue North Plaza, Photo credit: Wallace Properties Commercial real estate company, Wallace Properties, is planning a new project at what is currently Place Bellevue North. The site is located at 1100 Bellevue Way Northeast with restaurants like Panera and Dominos Pizza, as well as stores like UPS and J. Lewis Jewelers. The company recently submitted […]
Vonovia: 50% Net Asset Discount, 6% Forward Yield, German Residential Apartments
Teka77/iStock Editorial via Getty Images Vonovia (OTCPK:VONOY) (OTCPK:VNNVF) is Germany’s leading residential real estate company. Vonovia currently owns and manages around 550,000 residential units, mainly in Germany, but with some apartments also in Austria and Sweden. While rental income of owning residential apartments is its core business, it also has additional segments which include: 1) […]
Tax question: How to reduce capital gains from the sale of residential land
I have a detailed question about real estate capital gains tax. 1. My spouse owns residential land in Chennai. If she sells the property and invests the entire proceeds in a new apartment, will she be exempt from LTCG? She already owns a residential apartment in Chennai. 2. If she transfers the first residential property […]
Pueblo de Oro opens a new residential estate in Cebu
Mixed-use real estate developer Pueblo de Oro Development Corp. (PDO) recently launched a 3.7 hectare (ha) residential project located in its township of Lapu-Lapu City, Cebu. In a statement on Friday, PDO said it had opened Park Place II, the third exclusive subdivision of Pueblo de Oro Townscapes Mactan Township, at 1.63 billion pounds and […]
Inauguration of a 1.2 million square foot industrial property in Carteret
Immovable June 17, 2022 Crow Holdings Development announced the official grand opening of Carteret Crow Holdings, a 126-acre property in Carteret that includes three buildings and 1.2 million square feet of speculative development. Crow Holdings brought in Stan Danzig, Jules Nissim and Kim Bach of Cushman & Wakefield to rent the space. Located in Northern […]
Market turmoil dampens mood at CREFC
Image by Gerd Altmann via Pixabay Commercial real estate transaction activity is expected to fall due to economic uncertainty and rising interest rates that have led to a sharp rise in mortgage rates, panelists said. CRE Finance Council‘s annual conference this week. The conference took place as turmoil rocked the financial markets. The Federal Reserve […]
BTB REIT announces the acquisition of an industrial property in Montreal and the sale of a property located in Magog, Quebec
Le 3190 F.-X.-Tessier is a 67,162 square foot Class A industrial property fully leased to Amylior, a leader in the design, development and manufacture of high-end motorized wheelchairs, mobility systems and more. seating and positioning and accessories. The Montreal company has been in operation since 1997 and its products are distributed internationally. The production and […]
Awards Celebrate Achievements in South West Residential Real Estate Sector | South West real estate news
The winners of the 2022 South West Residential Property Awards were revealed last night at Sandy Park in Exeter. The scintillating awards event celebrated the region’s flagship programs and major real estate players. The event, now in its third year, was organized by Jimmy McGhie and sponsored by Ainscough Strategic Land, LiveWest, Lovell and Northaven […]
DuPont Industrial Property Sells for $9 Million | Development
The DuPont industrial site at Old Hickory sold for $9 million, according to a Davidson County Deeds document. The new owner is an LLC affiliated with BHT Properties Group, based in Davie, Florida, which markets itself as a “character land development company.” The Job was unable to obtain further details about the company. The DuPont […]
Drawbridge enters DFW with office purchase
HQ53 real estate drawbridge entered the Dallas-Fort Worth market with the acquisition of HQ53, a newly constructed office building totaling 248,661 square feet in Plano, Texas. Cawley Partners sold the asset, which is fully leased to Aimbridge Inn. Newmark represented the seller in the transaction, while Provident life insurance company. facilitated the deal with an […]
MAD 100m ‘Samana Hills’ project delivered with private swimming pools in residential projects – News
Samana Group added 12 swimming pools and handed over title deeds to owners of two-bedroom apartments Samana Group Chairman Muhammad Farooq and Managing Director Imran Farooq at the handover ceremony in Dubai on Wednesday. — Photo provided Published: Thu 16 Jun 2022, 18:49 Samana Developers has sold a 100 million dirham ($27.2 million) residential project […]
Clinical Advanced and Commercial Property Management Solutions Market Research by 2031 – Designer Women
Market reports has recently released a new study in its database which highlights the in-depth analysis of the market with the future prospects of Commercial Property Management Solutions Market. The study covers important data that makes the research document a handy resource for managers, industry executives and other key people who get a ready-to-access, self-analyzed […]
Hines forms $1.5 billion investment vehicle
CIBC Square, Toronto. Image courtesy of Hines hines recently revealed the formation of an investment vehicle that will target the acquisition and development of various commercial real estate assets in strategic markets across Canada. The Houston-based global real estate company has closed a capital round of C$2 billion, or approximately $1.5 billion, for the pursuit […]
Industrial property golden race will ‘run out of steam’ as cost of debt rises, says BIS Oxford Economics
Average yields had potentially bottomed out at 3.6% in Sydney’s Far West and 3.9% in Melbourne’s Southeast Corridor. “During this period, 10-year bond yields fell below 1.0%, increasing the yield spread and the attractiveness of industrial property for investors,” he said. But the gap had since narrowed considerably. “Faced with an extended period of higher […]
Commercial property lawyers tap into demand for northeast homes
Commercial property lawyers tap into demand for northeast homes Calendar An icon of a desktop calendar. to cancel An icon of a circle with a diagonal line across it. Caret A right-pointing solid arrow icon. E-mail An icon of a paper envelope. Facebook An icon of Facebook’s “f” mark. Google An icon of Google’s “G” […]
Residential School Survivors Call on Pope to Recognize Unmarked Graves
A group of First Nations residential school survivors urges Pope Francis to acknowledge that many students forced to attend the institutions were buried in unmarked graves – and their parents were never told or allowed to bring their children home to bury them. The newly revived National Circle of Indian Residential School Survivors submitted the […]
For REITs, the NOI recovery is moving in the right direction
Stephen Boyd, Director of US REITs, Fitch Ratings With the summer season approaching, more and more people are eager to travel, shop and return to in-person establishments. As the country continues its slow recovery from the COVID pandemic, the latest signs point to a promising stabilization in REIT real estate NOI. In fact, Fitch found […]
Commercial Property Insurance Market Research Overview 2022 Industry Growth Analysis by Top Key Players, Share, Size, Global Trends, Demand and Forecast 2027
There “commercial property insurance market” Research report 2021-2027 offering a comprehensive overview of market size, share and growth opportunities, industry segmentation by product type, applications and geographical representation. The report highlights product development as well as technological upgrades that can drive the growth of the market. The Commercial Property Insurance market report includes analysis […]
Austin office development still strong
Several office towers are going ahead with construction. The Texas capital has been at the top of the country’s office development pipeline for the past year. As of April, Austin’s under construction inventory stood at 10.3 million square feet, according to business advantage. The Metro’s new supply pipeline accounted for 11.7% of its total inventory, […]
Aspen City Council moves forward with limits on residential development
Aspen City Council took a step closer on Tuesday to limit the number of residential properties that can be demolished to six per year, and when redeveloped, new homes must meet higher construction and energy performance standards than those currently in force. With little discussion, the council passed Ordinance 13 in first reading at its […]
Commercial property sales slowed in spring 2022 as rising interest rates deterred buyers
The US commercial real estate market slowed for the first time in 13 months as rising interest rates and inflation raised concerns across the sector. Commercial property sales for April fell 16% from the same month in 2021 to $39.4 billion, according to an MSCI Real Assets report last month. In contrast, total commercial property […]
Commemorations held five years after London’s worst residential fire | New
The names of the 72 people who perished in the UK’s worst residential fire since World War II were read out at a church service on Tuesday marking the blaze’s fifth anniversary. Survivors and families of victims of the Grenfell Tower fire gathered at Westminster Abbey for the first of a day of events to […]
Business real estate: The rise of electric vehicles
The rising cost of living, and in particular that of fuel, has been the main topic of conversation for many households in recent weeks, especially as the price of petrol is expected to hit £2 a liter in the next days. So it’s no surprise that pressure is starting to mount on employers to raise […]
Drought brings increased wildlife to residential neighborhoods
CORPUS CHRISTI, Texas — Local Texas game wardens said Monday that recent drought is forcing more wildlife into local neighborhoods. “Animals roam — they hunt for their food sources,” said Texas Parks and Wildlife Warden Lerrin Johnson. “Some of the food sources move around because they’re trying to find water.” Johnson said local subdivisions have […]
Subsidiary of Hepsor AS has completed the acquisition of a commercial real estate development project in Latvia
HEPSOR AS Hepsor Latvia OÜ, a subsidiary of Hepsor AS, has signed a real rights contract and acquired a plot of land of 30,624 m2 at Ganibu Dambis 17A, city of Riga on June 13, 2022. The contract under the law of obligations was signed on December 28, 2021. The property has 13 buildings of […]
Planning the $3.3 million conversion of the Novelty Machine Building into residential and commercial space | Government and politics
SIOUX CITY — Sioux City Council will be asked Monday to amend the urban renewal plan so a developer can convert the long-vacant old Novelty Machine building into residential units and commercial space. If approved, the amendment would also greenlight Lechner Lumber’s construction of a new facility at the northeast corner of Floyd Boulevard and […]
2 residential REITs Canadians can buy in June by The Motley Fool
© Reuters. 2 residential REITs Canadians can buy in June Prices in the Canadian housing market continue to remain high in 2022, despite a challenging macroeconomic environment. According to a Global News report, home sales in the Greater Toronto Area real estate market fell 39%, but prices still rose 10% year-over-year. Home sales in May […]
Commercial real estate projects: Housing, commercial real estate projects worth Rs 4,344 cr offered in UP
Up to 19 big-ticket real estate and commercial property projects worth Rs 4,344 crore have been proposed in Uttar Pradesh following the third Groundbreaking Ceremony (GBC-3) which took place is held in Lucknow on June 3 to attract industrial investment, according to an official statement. This does not include the construction of structures for other […]
‘Heroic’ driver drives burning tanker away from Delta State residential area to save lives
A ‘heroic’ truck driver praised for driving a burning tanker away from a residential area in Delta State. He put his life at risk to save lives and property in the densely populated residential area of Delta State. The “heroic” truck driver was seen driving the engulfing tanker, leaving a trail of fire behind him. […]
City’s of Custer, Hill City bans residential holiday home rentals
BLACK HILLS, SD — Towns in the Black Hills area are cracking down on vacation home rentals. In a measure initiated on Tuesday, Hill City residents voted 158 to 138 to ban vacation homes in residential areas of the city. “We are landlocked. That’s what we have. If it all goes to vacation homes, that’s […]
Investing in commercial real estate can pay you back in 2022-23; here’s how
Experts would agree that the coronavirus pandemic has had a positive impact on the real estate market. Sales picked up fairly quickly given the growing awareness of the importance of owning a home. This brought fence keepers back to the forefront of safeguarding their investments by purchasing real estate. The residential and commercial real estate […]
Tishman Speyer sells Meta Campus
Sunnyvale office campuses at 1275, 1345, 1375, and 1395 Crossman Ave. Image courtesy of Jeff Peters Photography Seven months after leasing an office campus in Sunnyvale, California to Meta and 14 months after buying the 719,037 square foot property for $356 million, Tishman Speyer sold the complex to Commonwealth Partners for $707 million in Silicon […]
Male orca charged with residential burglary, vehicle seizure and possession of stolen property
An Orcas man has been charged with stealing a car from a rental company and breaking into a house. Anthony Michael Kean, 34, of Eastsound, was charged in San Juan County Superior Court with one count of residential burglary, second degree taking vehicle without permission and second degree possession of stolen property. On December 31, […]
Australian property prices break Japan’s 1989 record between residential land and GDP
ABC finance host Alan Kohler has shared a “scary” housing picture, after Australia hit a grim milestone dating back to 1989. ABC finance host Alan Kohler has shared a ‘scary’ chart to illustrate Australia’s property bubble – comparing the current situation in Japan before the ‘lost decade’ crash that saw prices plummet by 70%. “And […]
CRG’s $105 million Build-to-Suit project in Arkansas moves forward
Rendering of The Cubes brand. Image courtesy of CRG CRG will soon add to its growing logistics portfolio, now that the company has begun development on an approximately 1.2 million square foot bespoke industrial development in North Little Rock, Ark. CRG is building the $105 million facility, which will operate under the real estate company’s […]
Fixed fee broker finds CRE
Lew Sichelman The so-called disruptors have, well, disrupted the housing market. The field is now riddled with discount brokers. Agents aren’t even necessary for owners of 40 major markets who want to avoid the hassle of open houses and back-and-forth sales by selling their places to iBuyers, i.e. instant, institutional buyers. or internet. Other companies […]
Blackmon Mooring & BMS CAT Hire Commercial Property Sales Manager
“Maggie grew up in this company, and I couldn’t be more excited to have her on our National Accounts team. Her spirit and work ethic are second to none, and you can’t help to love her,” said Karee Huggins, Vice President of Sales at Blackmon Mooring & BMS CAT. “I can’t wait to see what […]
Tech company is heading to the Dallas area
Doosan Robotics Americas will establish its US headquarters in Plano. A western heritage Another tech company is heading to Texas. Doosan Robotics Inc.South Korean supplier of cobots, that is to say collaborative robots, has created a new business unit which will establish its American headquarters near Dallas, in Plano. From October, Gaedeke Group7950 Legacy Drive […]
Hyderabad records 152% YoY increase in residential property sales in May
Residential sales of 6,301 properties were recorded in Hyderabad in May 2022, an increase of 152% year-on-year and 17.6% month-on-month, Knight Frank said. The total value of properties traded in May 2022 stood at Rs 3,058 crore, an increase of 146% year on year and 9.9% month on month, bringing the cumulative value of all […]
CTS Engines buys industrial property in North Palm Beach County
A photo illustration of 18855 Bee Line Highway in Palm Beach County (Bastian Laggerbauer from Colliers, Google Maps) CTS Engines paid $16 million for the northern Palm Beach County industrial facility it leases for jet engine testing. CTS, a Fort Lauderdale-based turbine engine maintenance and repair company, has purchased the property of 44.4 Bows at […]
The house price index will control house prices and reduce the risk of a crisis
Property experts have hailed the Residential Property Price Index (RPPI), saying it will help Cambodia to some extent control rising property prices and reduce the risk of a crisis in the area. PropNex Cambodia Real Estate managing director Ann Sothida said transactions and prices for houses or properties in Cambodia are currently “unclear” and there […]
Majestic Realty appoints Reon Roski CEO
A third-generation company executive, Roski has served on the board for 25 years. Reon Roski, CEO of Majestic Realty (image courtesy of Majestic Realty) Reon Roski will be the third generation in his family to take on a leadership role at majestic building, the firm announced on Tuesday. As CEO, Roski will partner with his […]
Marketing and Execution Specialist Relocates to Major Oswestry Industrial Property
A major industrial property in Oswestry is the new headquarters of a local company specializing in helping businesses take advantage of online markets. Elevation Marketplace Services Limited’s new Oswestry home is in the heart of the Mile Oak industrial estate Elevation Marketplace Services Limited has moved to the city’s Mile Oak industrial area after completing […]
Orange County Increases Residential Trash Fee by $10 – Orlando Sentinel
Homeowners in unincorporated Orange County will pay an additional $10 for trash removal services next year. County commissioners have approved the interim increase, which will appear on 2023 property tax bills. The hike, which must get final approval by July 15, would bring the annual fee to $260. The county has raised charges for its […]
Metropolitan Realty, Morgan Stanley Snap Up LIC Industrial Property for $106 Million – Trade Observer
MANA products sold its 220,000 square foot industrial asset to 27-11 49th Ave in Long Island City, Queens, for Metropolitan Real Estate Associates (ARM) and Morgan Stanley Real Estate Investment for $105.5 million, Commercial Observer has learned. The sale-leaseback agreement was completed last week and was led by CBREit is Doug Middleton and will pike. […]
What motivates the development of industrial property
The urban developer is delighted to bring together more than 15 industry experts to share their insights into the investment, transaction and development activities that define this booming sector. This is a unique opportunity for professionals directly involved in the sector, as well as those adjacent to it, to better understand the future of the […]
Corinthia flattens Hal Ferh complex even before residential villa permit is decided
New The old tourist complex of Ħal Ferħ has been turned into rubble. Corinthia Group has flattened a plot of land at the unique location of Ħal Ferħ (Għajn Tuffieħa) although it has not yet received planning authority permission for the development of 25 residential villas. According to the planning authority, the application is still […]
The residential property price index to track the sector
Chea Serey, deputy governor of the National Bank of Cambodia (NBC), the central bank. Photo provided The National Bank of Cambodia (NBC) and the National Institute of Statistics (INS) launched the Residential Property Price Index (RPPI) which compiles economic and financial statistics to analyze and evaluate economic processes, following the pre-Covid-19 real estate boom. real […]
GoLocalProv | 2nd Highest Home Sale in Providence History Closes
Sunday 05 June 2022 GoLocalProv News Team View larger + 280 Irving Avenue PHOTO: Residential Properties Residential Properties announced the sale of 280 Irving Avenue on the east side of Providence for $4.1 million. According to State-Wide MLS data, this is the highest residential sale among all single-family, condo, and multi-unit homes in Providence since […]
Lots of commercial properties across Scotland are set to go under the hammer
The Sauchiehall Street site SHEPHERD Chartered Surveyors has revealed the company’s latest commercial property auction, featuring 27 lots across Scotland, will be broadcast online with remote bidding only Wednesday, June 8 at 2:30 p.m. The The catalog showcases a range of opportunities, including retail, office, licensed leisure, commercial investment, development sites and residential investment. One […]
Pwllglas property on the market with Cavendish Residential
In Pwllglas, near Ruthin, is The Old Post Office and it’s on the market for £425,000 with Cavendish Residential. This substantial stone-fronted residence offers an adaptable family homeoffering a large reception hall, walk-through lounge, dining room with feature fireplace mantle, kitchen with bespoke pitch pine cabinetry, conservatory, side porch, first floor landing, master bedroom with […]
JP Infra presents the first urban forest in a residential township using the Miyawaki technique
Previous story: 64% increase in tourist visitation to Kaziranga National Park, a total revenue collection of Rs.6,39,23,389 in revenue JP Infra presents the first urban forest in a residential township using the Miyawaki technique Posted on June 4, 2022 JP North Garden City’s focus on forest restoration is in line with the theme of World […]
Georgia Residential Mortgage Law Amended to Combat Employment of Criminals | Ballard Spahr LLP
Governor Brian Kemp signed into law SB 470 on May 2, 2022 (the effective date), amending provisions of the Georgia Residential Mortgage Act, OCGA §§ 7-1-1000 and following., which prohibited a Georgia mortgage lender or mortgage broker from employing anyone convicted of a felony. The enactment of SB 470 is a major step toward solving […]
Californian company acquires industrial property from Gilbert | Company
Intersection, a California-based company that prides itself on its value-driven commercial real estate strategies, has acquired a 92,750 square foot flexible multi-tenant industrial property in Gilbert for $13.25 million. The acquisition of KeyWest Plaza, 700-734 N. Golden Key St. was completed off-market and represents the second acquisition in Intersection’s post-pandemic industrial investment strategy which focuses […]
Proprietary builder ETA World targets listing on ACE market
KUALA LUMPUR (June 3): Industrial property builder ETA World Group Bhd is seeking a listing on Bursa Malaysia’s ACE Market. The proposed initial public offering (IPO) will consist of a public issuance of 111.9 million new shares, or 26.03% of its expanded share capital after the IPO of 429.92 million shares, according to the exposure […]
A three-building residential and commercial complex in Piedmont, Italy, will be auctioned via Sotheby’s Concierge Auctions
Castello di Solonghello, Monferrato, Piedmont, Italy Villa complex: castle, residence and former jewelry factory Incredible opportunities for professional and personal use Large outdoor terraces to enjoy the view Stunning view of the Monferrato hills In cooperation with Ilaria Demartini of Italy Sotheby’s International Realty, Castello di Solonghello will be auctioned in June via Sotheby’s Concierge […]
Developers Open Barlow Park Mixed-Use Residential Neighborhood
Barlow Park is set to become Sandton’s new residential area and will provide affordable housing. Bulk earthworks for the first phase of the R3 billion project began in June and will transform the property, which previously housed Barloworld’s headquarters, logistics and equipment, into a modern mixed-use residential area. Property investor and developer Atterbury, which is […]
JBG SMITH drives change forward with $228 million DC deal
Universal North and South. Image courtesy of Newmark JBG SMITH the sale of a pair of office buildings in Washington, DC, is helping its transition to a multi-family orientation and its flagship National Landing project. The latest move is the $228 million sale of two Class B office buildings in downtown Washington, D.C. post brothers […]
Walker & Dunlop Investment Partners Forms $500 Million Joint Venture
Mitchell Resnick, Senior Vice President and Group Head of Investment Management and Private Equity Platform, Walker & Dunlop. Image courtesy of Walker & Dunlop Walker & Dunlop Investment Partners Inc., the alternative investment manager wholly owned by Walker & Dunlop, has formed a $500 million joint venture with Pacific life to make equity investments in […]
NAI Fennelly negotiates the sale for $5.6 million of a 75,097 square foot industrial property in Trenton
A four-building, 75,097-square-foot industrial complex in Trenton has been sold for $5.6 million to Third Street Trenton LLC, according to an announcement Wednesday from NAI Fennel. Representing the seller, Mary & Thomas Realty LLC, were Jerry Fennelly and Matthew Fennelly of the Township of Hamilton commercial real estate solutions provider. Located at 292 3rd St., […]
Impact of rising fuel prices on commercial real estate
It is well known that the cumulative increase in fuel prices has contributed significantly to overall consumer price inflation, and this new increase continues that pressure. For many consumers, spending on fuel is hard to avoid, which means many need to reprioritize and likely cut back on non-essential spending more, as well as delay low-frequency […]
NAI Fennelly negotiates $5.6 million sale of 75,097 square foot industrial property in Trenton
NAI Fennelone of the most experienced and successful independent full-service commercial real estate providers in New Jersey and Pennsylvania, announces that it has negotiated the sale for $5.6 million of a four-storey industrial complex buildings and 75,097 square feet at 292 3rd Street in Trenton, NJ Jerry Fennelly, SIOR, and Matthew Fennelly of NAI Fennelly […]
Dallas City Council plans to ban short-term rentals in residential neighborhoods
Dallas City Council plans to ban short-term rentals in residential neighborhoods After numerous landlord complaints, Dallas is closing in on a decision on where short-term rentals should be allowed. DALLAS – After numerous landlord complaints, Dallas is closing in on a decision on where short-term rentals should be allowed. It seems council members tend to […]
HGP supports residential development in Birmingham | Midlands property news
Housing Growth Partnership (HGP), which is backed by Lloyds Bank and Homes England, has invested £1.3m in a residential development in Birmingham. Located in Digbeth, the project comprises 39 one and two bedroom apartments in two separate buildings, close to the historic pub The Fountain Inn. Developer 10M Group worked with HGP and the publican […]
Mill Park industrial property has doubled in value in three years
This is the second time the building has delivered a major return to its owner. When Cadence Property Group sold it in 2019, the developer realized a 54% capital gain in just 12 months after paying $7.14 million in April 2018 on a 9.6% return and then spending $1 $.75 million in upgrades, before locking […]
Sixty-hectare site at Truganina in Melbourne’s west is set to fetch $225m
“But there has been an explosion of development, large areas have been set aside for conservation and there is pressure to build houses.” With most of the larger sites already pre-committed or banked, Ellis said there was only about two to three years of supply of planned industrial land left, based on current consumption rates. […]
Unprecedented demand for industrial property driving up prices
Record demand for industrial space continued to put upward pressure on rents and property values, with the trend expected to continue. Ray White, research business manager, Vanessa Rader, said the unprecedented demand for logistics, transport and warehousing of goods in response to the growth of online retailing has been the catalyst for the resurgence of […]
2022 Best Commercial Real Estate Brokerage Firms
You can also read our other rankings of the most powerful brokerage firms. Rank Company 2021 Investment Sales Volume ($M) 2021 square feet leased (000s) Number of brokers Property type 1 CBRE $388,700.00 1.5 million – O, I, R, M, X 2 Cushman and Wakefield $160,000.00 852,000 6,847 O, I, R, M, X 3 Newmark* […]
Scout Cold spends $28 million on suburban Chicago industrial property
Vincent Signorello of Scout Cold and Dominic Sergi of Clear Heights with 1250-1350 Greenleaf Avenue (Scout Cold Logistics, Clear Height Properties, iStock) Scout Capital Partners of Miami has spent $28 million on a 100,000 square foot industrial property in suburban Chicago that has more than quadrupled in value during the pandemic. The seller, Clear Height […]
Record value of corporate and commercial real estate transactions in May
Dawson Radford Solicitors celebrate record value of corporate and commercial real estate transactions in May. Reports of a buoyant buying and selling market appear to be true, as Dawson Radford completed over £37,000,000 in trades in just one month. “To say we’re just a small team, the value of deals closed this month is incredible […]
Prison for two young men who brought gun violence to a residential street
Ryan Gibson and Chakiah Lambert were jailed after the Birmingham attack, which took place in April 2020. Picture: West Midlands Police Ryan Gibson and Chakiah Lambert admitted to possessing a firearm with intent to instill fear and were jailed at Birmingham Crown Court, with Gibson, of New Heart Road in West Bromwich, sentenced to five […]
cos. JV unveils design for mixed-use project
The Detroit neighborhood. Image courtesy of Related Cos. and Olympia Development of Michigan The Detroit neighborhood. Image courtesy of Related Cos. and Olympia Development of Michigan The Detroit neighborhood. Image courtesy of Related Cos. and Olympia Development of Michigan The Detroit neighborhood. Image courtesy of Related Cos. and Olympia Development of Michigan Related Cos. and […]
Wilton Real Estate Report (May 20-26, 2022): One Commercial Property and Seven Homes Change Hands
At $2.35 million, 550 Ridgefield Rd. was the top-selling residential property in the week ending May 26, 2022 Every week the Wilton Town ClerkThe bureau releases data on real estate transactions for the previous week. For the period of one week from May 20-26, 2022town clerk Lori Kabak reported eight properties transferred to new owners. […]
Beverly Hills neighbors express concern as multiple cars are stolen from residential streets and driveways
BEVERLY HILLS, Mich. – Several cars are stolen from the streets and driveways of a Detroit metropolitan suburb. Officials say two cars were recently stolen from the same street in Beverly Hills. In addition, two other vehicles were stolen from two different locations: Kirkshire Ave and Sheridan Drive. Officials said thieves were using duplicate key […]
Ramdeo ‘Rammu’ Agrawal unveils ‘The Empire’ residential project
The joint venture between R Sandesh Group and Jarry Profit Group will be an iconic landmark in North Nagpur. Nagpur is one of the fastest growing metropolitan cities in the country. Several emblematic buildings mark its landscape, including the future residential project “The Empire”. A joint venture between R Sandesh Group and Jarry Profit Group, […]
Garden Walk in July to showcase education and residential gardens in McHenry County – Shaw Local
The University of Illinois McHenry County Extension Master Gardeners and McHenry County College will host their annual Garden Walk from 9 a.m. to 4 p.m. on July 9 from the college’s demonstration garden. Garden Walk 2022 will feature 10 gardens – eight private gardens and two educational gardens maintained by volunteers. The gardens are located […]
Launch of the first residential REITs in China
SHANGHAI, May 28 (Reuters) – China’s first public real estate investment trusts (REITs) based on residential properties will soon be launched, as regulators step up efforts to channel fresh capital into the struggling property sector and help a virus-hit economy. The Shanghai and Shenzhen stock exchanges have each accepted an application for residential REITs backed […]
Presidio Bay Ventures’ Bay Area project moves forward
777 Industrial Road Groundbreaking Event. Image courtesy of Presidio Bay Ventures Work is underway on the Life Sciences and R&D development at 777 Industrial Road in San Carlos, CA. Presidio Bay Ventures will transform the existing 45,000 square foot dealership building into a completely redeveloped 147,000 square foot life sciences facility. The four-story project is […]
The new Huguenot luxury residential tower is a family affair
NEW ROCHELLE, NY – Based on exterior appearances, the sleek and contemporary new downtown Huguenot building doesn’t look like a family business, but once through the crisp glass doors, it begins to become clear that it is This is a different kind of place than the luxury towers that have dramatically changed the New Rochelle […]
Intel picks construction team for $20 billion megadevelopment
An aerial view of the first two Intel chip plans in New Albany, Ohio. Image courtesy of Intel A diverse Ohio-based team led by Gilbane Building Co. will take care of the first excavation works of two new Intel planned chip factories in New Albany, Ohio, which form the first phase of what will be […]
Downtown LA Office Tower Legendary Group Plans
Above. Image courtesy of Gensler The legendary group is preparing to deliver 350,000 square feet of speculative creative office space to a pocket of the Los Angeles market that is seeing growing demand for the product. The developer will build a 17-story tower called Above from the ground up in the Downtown Los Angeles Arts […]
Residential real estate prices will climb 7% in 2022: report
Staff reporter , Singapore This will be driven by the flight to safety of real estate amid inflation. Home prices could rise 7% year-over-year in 2022 as the industry acts as a hedge against inflation and dwindling unsold inventory, Savills reported. Despite the higher rates of the additional buyer’s stamp duty, Savills said the zero […]
Siddiqsons Ltd donates commercial property to AKUH
A simple and gracious ceremony took place this morning at Ocean Mall and Tower near Do Talwar, in which Siddiqsons Ltd (SSL) handed over a property located in SSL’s new ‘Ocean Residency – Hub’ project to the hospital Aga Khan University (AKUH) for the establishment of an Aga Khan Laboratory and Medical Centre. SSL President, […]
Schnitzer West launches Seattle-area office project
The Arcadian in Bellevue, Washington, looking east on 106th Avenue NE at the outer plaza, podium, and tower. Image courtesy of Schnitzer West Schnitzer West plans to build a 19-story, 458,000 square foot office tower in downtown Bellevue, Washington, with approximately 5,000 square feet of retail space on the ground floor. The West Coast-based investment, […]
Shalom House completes renovation of residential program in Portland
Shalom House Inc., which provides housing and support services for people living with severe and persistent mental illness, has completed the renovation of 30 Mellen St. in Portland into a new residential program for 22 people. Shalom House purchased the property in Portland in 2018. It previously housed a long-running program providing addiction recovery services […]
Oak Bay begins countdown to residential leaf blower ban – Vancouver Island Free Daily
Oak Bay is okay with the move away from gas-powered leaf blowers. Last year, the district began a five-year transition, shifting its public works from using small gas-powered landscape equipment such as lawn mowers and leaf blowers to electric versions. Parks manager Chris Hyde-Lay told the board the move is off to a good start, […]
Long Island Warehouses Leased by Amazon Land Refi
1770 Walt Whitman Road and 540 Broadhollow Road. Image courtesy of JLL Capital Markets JLL Capital Markets orchestrated a refinancing deal for 1770 Walt Whitman Road and 540 Broadhollow Road, two last-mile distribution facilities covering a total of approximately 310,000 square feet in Melville, NY JLL secured $35 million for fully leased industrial properties of […]
Melville’s thriving mix of businesses and residences
THE SCOOP A former farming community, Melville is a thriving commercial and residential hamlet whose agricultural roots are still evident in the horse farms of the West Hills area and the ever-popular White Post Farms. From 1909 to 1919, a cart crossed Route 110 and was only shut down after farmers complained the noise was […]
5 Factors to Consider When Buying Commercial Property
Buying a commercial property can be a great investment. It’s true whether you buy it to rent, renovate and sell it, or to use it for yourself. When you choose the right places, you can end up with a portfolio that keeps on increasing in value and generates many streams of income each month. That […]
Oligarch’s son sanctioned and a £160m London property empire | Commercial property
The son of a Russian billionaire facing sanctions for supporting the dictator who rules Belarus has been linked to a £160million portfolio of properties in London. Said Gutseriev, a 34-year-old businessman of British and Russian nationality, appears to have spent years amassing a collection of at least seven properties in central London. They range from […]
The construction of the building begins to gain momentum: Dodge
Image by Josue Isai Ramos Figueroa via Unsplash The construction sector seems to have returned its momentum from the first quarter to the second quarter of 2022, according to Dodge Data & Analytics. The company’s latest research study of total U.S. housing starts in April showed an overall rise of 3%, to a seasonally-adjusted annual […]
Schaumburg plans unprecedented residential development right next to Woodfield Mall
Residential buildings of at least seven stories may soon be permitted in an area of Schaumburg south of Woodfield Mall and west of Woodfield Streets where no residential buildings have ever been permitted. Schaumburg officials are considering drafting bylaws for a potential redevelopment near the Northwest Pace Suburban Bus transportation hub that would allow high-density […]
Obstacles to overcome to pave the way for a solid development of industrial property
Major investments in highways, electricity and more will see Vietnam climb the industrial and logistics ladder, Duc Thanh A report released last week by Cushman & Wakefield Vietnam said strong demand coupled with the expansion of Chinese manufacturers has driven up the price of industrial land in Vietnam, exceeding manufacturers’ expectations of low costs. “It […]
NYC brokers stay positive while waiting at the office
New York City Skyline. Image by ben o’bro via unsplash.com Realtors’ confidence in the real estate market continues to decline, but their attitude hasn’t crossed the line into a state of negativity, according to the Real Estate Board of New York’s Q1 2022 Realtors Confidence Index. . Participating brokers’ confidence in commercial and residential real […]
Lawn Guys Mia offers various professional, residential, commercial and sports artificial turf installation services in Miami, Florida
Miami, Florida – Lawn Guys Mia offers installation services for various types of artificial turf through its professionally trained staff in Miami. The Company’s artificial grass types include nylon, polyethylene, polypropylene and pile length, among others. Their installation services apply to small and large residential, commercial and sports projects. Residential services operate within customer schedules […]
Top 5 New York Industrial Building Sales — April 2022
PropertyShark has compiled the best deals in town for the area. Source: PropertyShark, a company of Yardi Systems Inc. 184-10 Jamaica Avenue, QueensSelling price: $73,500,000 184-10 Jamaica Ave. Image courtesy of Google Street View KABR Group acquired the 226,605 square foot building along with 184-60 Jamaica Ave. adjacent totaling 287,240 square feet in Hollis. A […]
Kelowna’s commercial real estate interests are thriving – Vernon Morning Star
A booming commercial and development real estate market in Kelowna shows no signs of slowing down, says a local business and investment broker. Terse Cairns of Faith Wilson – Christie’s International Real Estate describes the Kelowna market as “very dynamic and extremely competitive,” with investors hailing from across Canada and Europe. “The demand for investment […]
Interest in Kelowna commercial properties is booming – Keremeos Review
A booming commercial and development real estate market in Kelowna shows no signs of slowing down, says a local business and investment broker. Terse Cairns of Faith Wilson – Christie’s International Real Estate describes the Kelowna market as “very dynamic and extremely competitive,” with investors hailing from across Canada and Europe. “The demand for investment […]
Most residential properties still sell for a big profit in New Zealand
There was a slight drop in the percentage of people in New Zealand who sold their homes for a profit in the first quarter of this year, according to new figures. The latest Pain and Gain report from real estate data firm CoreLogic found that 99.1% of properties nationwide were resold for more than they […]
Zacks: Brokerages expect NexPoint Residential Trust, Inc. (NYSE: NXRT) to post quarterly sales of $64.37 million
Analysts expect NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) to report sales of $64.37 million for the current quarter, according to Zacks. Four analysts have made earnings estimates for NexPoint Residential Trust, with the highest sales estimate of $65.25 million and the lowest estimate of $63.30 million. NexPoint Residential Trust recorded sales of $52.56 […]
Industrial property in Addison sold
ADDISON – Clear Height Properties has sold 345 S. Fairbank in Addison to a user after acquiring the property last fall. Transwestern’s Justin Lerner, Joe Karmin and Ross Lehrman represented Clear Height. Brent De Noble and Doug Altenberger of Lee & Associates represented the buyer. Immediately after its acquisition in late November 2021, Clear Height […]
Bexley NSW Glass Pool Fence Repair/Replacement – Residential Services Update
Bexley, Australia – May 21, 2022 — The Australian owned and operated company’s updated glass services are ideal for those looking to upgrade their current doors or windows for a more contemporary look or need a last minute emergency replacement. Professional glaziers offer fast, reliable service at competitive prices. More information can be found at […]
Residential property values increase by 13% | The star
AUBURN – Land reassessments this spring in DeKalb County saw the median estimated value for a home under 10 acres rise to $163,900, an increase of about 13% from the median of 144,100 $ from last year. Total assessed value in DeKalb County for all property types increased 12.6% to $4.1 billion. DeKalb County Assessor […]
Meeting CRE’s Investment Challenges: Highlights from the DLA Piper Summit
Panel on Capital Markets at the DLA Piper Summit. From left to right, Anar Chudgar, Brian Kavoogian, David Lentz and James Reynolds. Challenges not seen for generations, higher operating costs and a fluid global situation: these issues shape all financial market trends and strategy. But at the DLA Piper Global Summit, industry leaders offered the […]
Impact of rising interest rates on SMEs, agriculture and commercial real estate
A 50 basis point larger rally leads us to expect a further slowdown in commercial real estate sales activity in the second half of 2022, says John Loos, real estate strategist at FNB Commercial Property Finance . The South African Reserve Bank’s decision to raise the repo rate by 50 basis points (bps) to 4.75% […]
Free Residential Green Waste Launch Today in Truckee
This Friday, May 20, free residential green waste disposal for Nevada County residents will begin at the Truckee Rodeo Ground from 8 a.m. to 2 p.m. City of Truckee, Truckee Fire Protection District, Nevada County and Nevada County Fire Safety Board staff. will be on site to facilitate traffic and ensure the smooth running of […]
Under The Hammer: the commercial real estate market more active in 1Q2022
Low interest rate, rising prices of construction and building materials, as well as relaxation of standard operating procedures (SOPs) have been some of the main reasons why the real estate auction market has become more dynamic in the first quarter of 2022, according to the director of the Property Auction House. director Danny Loh. Loh […]
Federal and State Reforms Needed to Fix Florida’s Home Insurance Problems | Opinion
The insurance crisis is hitting Florida hard. Miami Herald File Florida’s property insurance market has historically been among the most complex in the country due to catastrophic hurricane damage, but the industry’s downward spiral in recent years has been particularly troubling. So much so, in fact, that the state legislature will convene a special session […]
Industry Leaders Take the Pulse of CRE at DLA Piper Summit
Industry leaders discuss trends at DLA Piper’s opening session in Chicago. From left to right: Tinchuck A. Ng, Debra Cafaro, Carly Tripp, Michael Byrne and Christopher Merrill. DLA Piper’s The Global Real Estate Summit in Chicago kicked off with a panel of top executives discussing their views on the industry in today’s volatile and volatile […]
Finding the Right Fit for CRE Conversion Projects
Marc Coe With swathes of vacant space in office buildings and other commercial properties now seen as obsolete in the eyes of today’s tenants – a trend which, like many others, predates the pandemic but has been accelerated by her – there’s been quite a bit of conversation about how these empty or nearly empty […]