What exactly does it mean to have a mortgage on commercial property? The financing of commercial assets such as warehouses, offices, or even income-producing property may be accomplished with the assistance of a commercial real property loan, which is a kind of mortgage that can be obtained by people in addition to companies. There is […]
City hall planners appear ready to crack down on unauthorized airbnbs A survey by councilors recommends that planning enforcement powers be used more widely to control the spread of such short-term rentals. Many operate in residential areas without planning permission, with the council facing a growing number of complaints. These include noise pollution and anti-social […]
The most expensive places in Spain to rent a commercial property have been revealed. Estate agents Cushman & Wakefield published their findings in their latest edition of Main Streets Across the World, a report first published in 1988 that analyzes commercial and luxury street income in 92 cities around the world. The report reveals that […]
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Based in Boca Raton Residential Gables is finalizing the design of its first Orlando multi-family community as it prepares for construction of the 222-unit project at Baldwin Park. The 5-story buildings will rise at 1801 Prospect Ave., adjacent to the U.S. Customs and Border Patrol office and across Lakemont Avenue from the Baldwin Harbor apartments […]
1410 Harbor Bay Drive. Image courtesy of Invesco Real Estate Invesco Real Estate has signed Exelixis as a tenant at 1410 Harbor Bay Parkway, one of six buildings on its Loop campus in Alameda, California. square feet. CBRE‘s Mark Kol, Austin Hinder and Mike Raffetto represented the owner, while Kidder Mathews‘ Gregg Domanico negotiated on […]
Point of the Stadium. Image courtesy of Peoria City Documents The Peoria City Council has approved a tax incentive agreement for the development of Stadium Point at P83, an estimated $510 million mixed-use commercial and residential neighborhood in the Phoenix suburb of Peoria. Developped by Steinhauer Properties Inc.. the new mixed-use destination near the Peoria […]
The level of mortgage approvals seen in the UK property market is expected to decline in 2022, due to a -13.4% reduction in buyer demand for residential home purchases. Analysis of Bank of England mortgage data estimates where the market will be at the end of the year, how this compares to market performance seen […]
Pictured: The 100-storey hypertower in Dubai set to take the crown of world’s tallest residential building from New York’s Central Park Tower ‘Ultra-luxury’ Burj Binghatti Jacob & Co residences will boast a ‘crown’ of diamond-shaped spiers Services will include a concierge team offering babysitting, bodyguards, drivers and private chefs At the top will be “five […]
Proportion of respondents who believe now is the right time to buy a property hit a 10-year high, with lower proportion expecting house prices to rise HONG KONG SAR – Media OutReach – November 22, 2022 – Citi Hong Kong conducted a survey in September 2022 on residential property in 2022. According to the survey […]
Leighton Sheady Legal and professional services firm Ince has named a partner to its commercial property team. Leighton Sheady, who will be based in Cardiff, is a specialist in commercial property and has advised on the acquisition, disposal, letting and financing of commercial properties – with a particular focus on the leisure sector. His recent […]
A series of measures to improve the lives of tenants and landlords have been announced by Housing Minister Dr Megan Woods as the government makes further progress in reforming the rental sector. “Almost 600,000 households rent in New Zealand and these measures will mean regulated oversight of residential property managers, science-based rules on methamphetamine residue […]
Rendering of the Gardner Logistics Park. Image courtesy of Cushman & Wakefield Scannell Properties signed a new lease at its 393-acre Gardner Logistics Park in Locust Grove, Georgia. An undisclosed logistics and transportation company will occupy approximately 1 million square feet in Phase III Building 1, a 1,454,520 square feet under construction slated for delivery […]
Centennial Yards’ first two high-rise buildings, an 18-story boutique hotel named Anthem and an 18-story residential tower. Image courtesy of TVS Architecture + Design The $5 billion, 50-acre, 8-million-square-foot Centennial Yards mixed-use project in downtown Atlanta, one of the largest current downtown developments in the United States, has paved the way , its developer Centennial […]
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A construction crane was installed at 71 Main Street the week of November 11 before the developer had paid all fees, charges and taxes required to receive a building permit for a nine-story, 64-unit residential building. City of Hamilton planning staff have not disclosed the total fees – including possible community benefits fees, park dedication […]
A proposed apartment complex in downtown Frederick and a possible car wash along the Golden Mile are among the topics the Frederick Planning Commission will discuss at a workshop Monday. The workshop is scheduled for 2 p.m. Monday at City Hall at 101 N. Court St. in Frederick. As this is a workshop, projects will […]
For more than 20 years, SeaScape Property Management owners Chris and Doug Nichols have served lower Delaware residents, developers and builders as the leading property management company responsible for the day-to-day operations of more than 100 communities in the counties of Sussex and Kent. Now the Nichols brothers have teamed up with local real estate […]
The program aims to put residential lots into the hands of adjacent landowners and others who will redevelop the sites or use them for gardens or yard extensions. Dayton cannot prevent out-of-state real estate investors and LLCs from trying to acquire its properties. But under this program, the city vets potential buyers to make sure […]
Q&A with Mike Collins Mortgage, Independent Financial Advisor We asked financial consultant Mike Collins about the challenges still facing the commercial real estate sector after the Covid pandemic and whether we can expect a rebound in 2023. Which commercial real estate sector has been most affected by the Covid pandemic? Mike: Work habits have been […]
Jo Higham joined the Lancashire-based lawyers after her previous role as a partner at Forbes, where she worked for nearly five years. Sharing his excitement for his future with BSG, Higham commented: “I am delighted to join the BSG team, I really look forward to meeting new and existing clients over the next few weeks […]
First Residential Service, from New Jersey leader in residential property management, today announced that it has been named a finalist for the NJBIZ Business of the Year 2022 award. EATONTOWN, NJ, November 17, 2022 /PRNewswire-PRWeb/ — FirstService Residential, from New Jersey leader in residential property management, today announced that it has been named a finalist […]
Chris Smith, CRO, THRIVE | Coworking. Image courtesy of THRIVE | Coworking An unexpected result of the pandemic has been that it has brought people together by rekindling their sense of community. Today, people buy locally to support small businesses, they spend more time with family and friends, and they travel much less than three […]
550 Research Drive. Image courtesy of SkyREM SkyREM has signed Fosdick Fulfillment Corp. to a lease renewal at 550 Research Parkway, the real estate investor and developer’s 358,000 square foot industrial asset in Meriden, Connecticut. Fosdick has pledged to stay put at its approximately 126,800 square foot space, where it has called home since 2016. […]
Paradiso Kingscliff complex. Wotif photo. In what appears to be already seen for many councillors, residents and businesses across the Tweed Shire in Kingscliff, they are once again opposing the change of use (DA) development application submitted by the owners of eight units in the Paradiso holiday building to change from tourist accommodation to residential […]
Brett Puckett For investors evaluating a shopping center purchase, the anchor tenant can make or break the deal. While grocery stores and big-box retailers have traditionally topped the list of ideal anchors to help attract customers to malls, another attractive option deserves investors’ attention: fitness centers. When we think of traditional multi-tenant retail stalwarts, names […]
November 16, 2022 Glasgow is considering how best to repurpose buildings in the city center amid research indicating the pandemic has taken a greater toll on the city than others. A report on the downtown economy by Stantec found that a relatively small residential population and reliance on regional travel have disadvantaged the city in […]
4021 Stirrup Creek Drive A joint venture between Goldman Sachs Asset Management and Lincoln Harris completed the purchase of a five-building, 445,000-square-foot portion of the Triangle Business Center life sciences campus in Raleigh, North Carolina The joint venture acquired the assets at 4016, 4020, 4021, 4022 and 4025 Stirrup Creek Drive from GPT, according to […]
AKRON, Ohio – A new akron law requires landlords and landlords of all commercial residential buildings with fuel-burning appliances to install carbon monoxide detectors. What do you want to know Akron law requires residential buildings with fuel-burning appliances to install CO detectors Law comes after CO woman dies from faulty boiler at Timber Top Apartments […]
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While some North Texas commercial real estate companies are planning cutbacks to prepare for an expected recession, one Houston-based company is expanding into Dallas-Fort Worth. Partners Real Estate, which already has operations in other major Texas metropolitan markets, has opened an office in the Uptown neighborhood of Dallas and wants to expand its business in […]
Proprietary Goodman Powerhouse and Taylor Development Group are set to kick off construction of the large-scale Rosebery Engine Yards in Sydney’s south, estimated to be worth around $185 million. The 11,650 square meter site is a single-storey, large-scale ground slab and spans 1.9 hectares spanning an entire block in Rosebery. It is considered one of […]
Austin. Image by trudi via Pixabay.com Perennial contender Austin has topped the sixth annual STEM Jobs Growth Index (STEMdex), a ranking released by RCLCOwith the support of CapRidge Partners. The Texas capital has always been a tight labor market and currently has an unemployment rate of just 2.8%. “If you want a job in Austin, […]
Proposition M, a ballot measure in San Francisco that adds a vacancy tax on multi-family dwellings, hit the threshold for passage on Monday. Introduced earlier this year by the Democratic Socialists of America and Faith in Action Bay Area, Proposition M, also known as the Empty Homes Tax, will tax property owners who have had […]
Allianz Real Estate and Heimstaden Bostad have injected 7 billion SEK (650 billion euros) into their Swedish residential joint venture and extended their partnership to Germany. Allianz and Heimstaden will provide SEK 3.9 billion and SEK 3.06 billion respectively in equity for their existing Swedish partnership to be used to repay debt. The partnership was […]
A proposal to make it acceptable for builders to allow housing on their property for newly hired workers was discussed by the Paris Municipal Planning Commission on Thursday. The planning group decided to send the proposed city ordinance amendment back to the full Paris Commission, which has already passed the amendment on first reading. A […]
Income-generating properties are becoming an increasingly popular option for Romanian or foreign private investors who were previously mainly active in the residential sector and who are now targeting “trophy” assets. They currently focus on all market segments – office, retail, industrial or hospitality, as allocated budgets start from 2-3 million euros for a property, while […]
LONDON & WASHINGTON, November 14, 2022–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate markets, commercial and residential real estate market information and analysis, has launched LoopNet, the world’s largest retail property marketplace, in the UK market. The launch marks the creation of the first international online marketplace for commercial property, […]
Earlier this year the peak was $10 trillion Despite the decline, more than half of household wealth is still held in real estate There is about $2.1 trillion in outstanding mortgage debt, which comes as interest rates continue to rise rapidly Rising interest rates and rising inflation continued to take their toll on the housing […]
CAMAS – Camas officials have approved a sub-area plan that will guide future development of the city’s North Shore, a mostly undeveloped 990-acre area north of Lacamas Lake. On November 7, nearly three weeks after the Camas Planning Commission unanimously approved the sub-area plan, the city council heard from North Shore landowners who support its […]
The driveway leading to Janet and Ervin Young’s home a few miles from Dover in central Oklahoma is framed by a large black iron gate, an American flag, a few yellow flowers and flowers. a “VOTE HERE” sign. A slow stream of trucks and SUVs left East 730 Road and flowed through Young’s gate and […]
An area in the heart of North Connemara that had been virtually denuded of native trees is set to become the first success story of a new €12million nationwide initiative to restore thousands of acres of native Irish forests. The Wild Atlantic Rainforest Project aims to restore 4,000 acres at eight sites, from Cork to […]
NexPoint Residential Trust, Inc. (NYSE: NXRT – Get Rating) benefited from a significant drop in short-term interest rates in October. As of October 31, there was short interest totaling 529,000 shares, down 21.6% from the total of 674,900 shares as of October 15. Based on an average daily trading volume of 162,000 shares, the short-term […]
The driveway leading to Janet and Ervin Young’s home a few miles from Dover in central Oklahoma is framed by a large black iron gate, an American flag, a few yellow flowers and flowers. a “VOTE HERE” sign. A slow stream of trucks and SUVs left East 730 Road and flowed through Young’s gate and […]
420 Ingenuity Ave. Image courtesy of Dickson Commercial Group dickson Commercial Band has been appointed to provide rental services for Panattoni DevelopmentThe addition of an approximately 195,000 square foot industrial project in Sparks, Nevada. The company acquired the 11.18-acre development site in June for $2.8 million, according to data from CommercialEdge. Construction is expected to […]
Brett Reese, Managing Director, CP Group. Image courtesy of CP Group The changing perspective on the workplace continues to cause owners to rethink their office investment strategies. CP group, a leading operator and owner of office space in the Sun Belt, recently launched its first flexible office location and plans to expand in this direction […]
Boston Properties, Inc. (BXP Quick QuoteBXP – Free Report) recently announced that he disposed of the Forward at Reston Town Center in Reston, Va. The move is part of the company’s capital reallocation strategy focused on expanding into the growing Seattle market. Reflecting positive sentiments, shares of BXP gained 6.69% in the normal trading session […]
November 11, 2022 KordaMentha To print this article, all you need to do is be registered or log in to Mondaq.com. As market volatility continues, KordaMentha Real Estate looks to the intrinsic value of industrial properties. Real estate expert Tom Korda recently spoke with the Australian Property Institute (API) Benn Dorrington. Featured in […]
Investment opportunities in industrial real estate can be difficult to find as they continue to benefit from the favorable winds in the sector. Find out how you can invest today. The appetite for industrial property continues to challenge economic naysayers and given the continued demand for warehousing and logistics facilities and the drive to strengthen […]
Facebook Twitter pinterest Back to the drawing board MIDLOTHIAN — It’s back to the drawing board for the plaintiff and architects who applied for an order granting a specific use permit (SUP) for a multi-family residential development at Tuesday night’s city council meeting. Planned development #146 is in the Westside Preserve area located at Highway […]
Lowe’s Richmond. Image courtesy of JLL Capital Markets Realty Income Corp. acquired Lowe’s Richmond, a 1.2 million square foot logistics facility in Richmond, Virginia. According to Richmond County city records, the company paid $127.7 million for the asset. A partnership including the developer Hourigan Groupnext to CRG, DSC Partners and Iron Tip Partners sold the […]
UAE – Binghatti on Wednesday announced plans to develop the world’s tallest residential structure in Dubai – Burj Binghatti Jacob & Co Residences. The UAE developer, which has an investment portfolio of more than 7 billion dirhams, says it will usher in a new era of ultra-luxury living by launching an ultra-luxury skyscraper in Dubai […]
17 William Drive, a distribution and sorting center near Pittsburgh International Airport that Tishman Speyer acquired in December 2021. Image courtesy of Tishman Speyer Tishman Speyer and Mitsui Fudosan America have formed a joint venture to acquire, develop, redevelop and operate industrial properties in key markets across the United States, which will benefit from an […]
Headquarters of the JAE. Image courtesy of Ryan Cos. The JEA headquarters building in Jacksonville, Florida, newly developed at a cost of approximately $72 million, has changed ownership. RyanCos.developer of the 153,000 square foot tower, sold the asset to Real Capital Solutions in a transaction valued at just under $95 million, according to Duval County […]
As part of Queensland tenancy law reform, landlords are now required to comply with new obligations when terminating tenancies, reviewing pet applications and responding to orders of repair. These measures follow changes made under the Housing (Qld) Amendment Act 2021 (HLAA) on October 1, 2022. The HLAA amends a number of regulations, including the Residential […]
As property prices continue to fall, the question arises whether the government should increase the number of foreigners allowed to buy property in New Zealand. Wednesday, November 9, 2022, 11:06 a.m. by Sally Lindsay Century 21 owner Tim Kearins says with investors receding, first-time home buyer interest waning and real estate values falling, it may […]
According to DRBS Morningstar, the issuance of a new generation of real estate bonds designed to finance riskier commercial properties over short periods fell 80% from a high of $16.5 billion in the first quarter. Bonds, called CRE CLOs, are seen as a much softer version of subprime mortgage CDOs, or secured debt securities, which […]
According to DRBS Morningstar, the issuance of a new generation of real estate bonds designed to finance riskier commercial properties over short periods fell 80% from a high of $16.5 billion in the first quarter. Bonds, called CRE CLOs, are seen as a much softer version of subprime mortgage CDOs, or secured debt securities, which […]
Life at sea is a wonderful thing, yet rarely can anyone experience it for more than a few weeks. All of that is changing thanks to the emerging trend of residential cruises. So what’s the story behind this movement, and what price will you pay to get involved yourself? Own part of a cruise ship […]
Alliance Fund has analyzed historical data on transaction volume and value, as well as the average yield offered by commercial property investment opportunities across the UK. Based on this historical market data, Alliance Fund then forecast where the sector will be at the end of 2022. Commercial real estate transactions The figures show that, overall, […]
Investors and homeowners continue to recognize the benefits of commercial real estate as an asset class, according to realtor Shannan Whitney. Sydney Property Group co-founder BresicWhitney noted that properties offering both commercial and residential use are particularly sought after as they offer the potential for diversified revenue streams and future value-added opportunities. Showcasing a mid-century […]
Photos of the initial brush clearing in February of the 5C Estate Thomas property. (Screenshot from the November 7 public hearing) Mixed-use zoning is requested by 5C-AR Holdings, LLC for parcel 5C Estate Thomas, No. 1 New Quarter on St. Thomas, for the purpose of installing residential units on the property. Currently the property is […]
Image by Erich Westendarp from Pixabay SimonCRE aims to build on its successful Village at Prasada retail project in Surprise, Arizona, with plans for another shopping destination, Prasada North, as first reported by Phoenix Business Journal. With a development price of $100 million, the mall will provide 350,000 square feet of retail offerings in the […]
Prologis Park 70. Image courtesy of CBRE Prologis Park 70, in Aurora, Colorado, which already totals 5.7 million square feet of industrial space, will soon add new spaces. Prologis acquired an additional 55 acres that will allow future development of approximately 1 million square feet, CBRE announcement. Prologis acquired the land of American foods, current […]
Image courtesy of EFAFLEX Schnelllauftore via Pixabay.jpg North Point Development acquired a four-plot site in San Antonio, Florida, which will be the future home of a Target distribution center, according to Tampa Bay Business Journal. The company acquired the 170-acre property for $59 million from Chestnut Hill Investmentspublic records show. Cushman and Wakefield marketed the […]
Morganton City Council members will consider at its Monday evening meeting whether to sell two sets of properties, with potential buyers offering more than 100 residential units on the properties. The first offer, for three vacant lots along East Union and White streets totaling just over half an acre, is from Norvell Management LLC. The […]
The capital value of luxury residential colonies in seven major cities has increased by 2-9%, while the average monthly rent has increased by 8-18% over the previous two years. Rent for high-rise buildings in metropolitan cities increases by 29% New Delhi: According to a survey by CREDAI-MCHI and data analytics company CRE Matrix, the average […]
While Pittwater Industrial did not respond to a request for comment, Colliers sales agents said the new owners would develop a multi-level warehouse on the Mascot landholding. According to its website, Pittwater is focused on “the long-term ownership and management of high-quality, well-located industrial space, ranging from last-mile metropolitan facilities to large-scale distribution centers.” The […]
LAFAYETTE (KPEL News) – A driver who noticed a fire in Scott may have saved three lives after a quick thought. Just after midnight Friday night, the Scott Fire Department was called to a residential fire on Louisiana Highway 93. The call was from a civilian who was traveling on the highway and noticed the […]
Rick Ross made his name not only as a successful rapper, but also as an entrepreneur who turned a successful music career into a fortune. He enjoys the lifestyle that goes with his impressive net worth, and Rick Ross’ home in Georgia proves it. Even though the hip-hop mogul can afford a mansion that stands […]
Sunshine Coast agent Mark McGill is no stranger to real estate industry awards, but his latest accolade is by far the sweetest. On October 29, his boutique agency, The McGill Group, won the Real Estate Institute of Queensland’s award for Small Residential Agency of the Year. A feat all the more impressive considering that Mr. […]
Williamson Inc. recently partnered with Wilson Bank & Trust, Williamson County Realtors Association, Williamson Medical and Blue Bridge Improvements to educate the community about commercial and residential real estate in Williamson County . The event was hosted at the Franklin plant on Thursday and featured panels and presentations from realtors, government officials and developers. County […]
Rendered CAMI at the southwest corner of 7th and Fillmore streets. Image by CO Architects and courtesy of Arizona University of Health Sciences The University of Arizona Health Sciences Center for Advanced Molecular and Immunological Therapies (CAMI), a 10-story, 293,000 square foot building that will be the anchor of an innovation district in downtown Phoenix, […]
513 Eccles Ave. Image via Google Street View BioMed Real Estatea subsidiary of black stone which specializes in the acquisition and management of life sciences properties, has completed its $80 million purchase of an 87,991 square foot industrial building in south San Francisco, Calif., according to The Bay Area Registry. BioMed acquired the property from […]
Kinder Bueno facility. Image courtesy of Ferrero Group Ferrero North Americaa division of Italian confectioner Ferrero Group, is expanding its presence in the United States with the opening of a new manufacturing facility in Bloomington, Illinois. The development of the 169,000 square foot project will allow the company to produce its popular Kinder Bueno candy […]
An experienced residential property solicitor has joined the law firm of Derby Smith Partnership following an increase in case work across its five regional offices. Julie Tomasik, who has over 40 years of industry experience, joined the firm as Head of Transfer of Ownership. Tomasik will oversee a team of 15 lawyers and, alongside his […]
Contiki, which caters exclusively to 18-35 year olds, has conducted extensive research to better understand the impact of travel on young people, studying a group of 2,980 respondents from around the world (with an equal number of travelers and not -travellers). The scientifically proven questions found that global travelers are 7% more likely to think […]
Commercial real estate investors note that the market is plagued by illiquidity as buyers and sellers cannot agree on where real valuations lie – based on much higher yields. Naturally, they don’t want to declare large write-downs of their asset valuations, which would increase their loan-to-value ratios and potentially violate loan covenants. This manifests itself […]
Tropicana Center. Image courtesy of First National Realty Partners First national real estate partners entered the Nevada market with the acquisition of Tropicana Centre, a 586,000 square foot retail center with grocery store in Las Vegas. Graystone Capital Advisors negotiated the transaction. CommercialEdge data shows the asset last traded in 2013 for $39.8 million. The […]
A partnership to provide new opportunities for the sale of commercial real estate JUPITER, Florida., November 3, 2022 /PRNewswire/ — My State MLS, the national multiple real estate listing service, is very pleased to announce its partnership with Crexi (www.Crexi.com) to bring My State MLS commercial listings to the Crexi Marketplace. Crexi is the fastest […]
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MINISTER Josepha Madigan was forced to correct her Dáil Declaration of Interests after failing to accurately register a commercial property she partly owned. s Madigan, the Minister of State for Special Education, issued a statement on Wednesday in response to an On The Ditch article that said Fine Gael TD never declared their quarter share […]
Teravalis. Image courtesy of The Howard Hughes Corp. The Howard Hughes Company. paved the way for Teravalis, a mixed-use planned community in Buckeye, Arizona. The 37,000-acre project will eventually include 55 million square feet of commercial development in the fast-growing metropolis of Phoenix. The start of work on Teravalis, formerly known as Douglas Ranch, comes […]
Will Fulton and Jamie Horton, Investment Managers, UK Commercial Property REIT In a tougher economic climate, the ESG credentials of individual real estate assets are increasingly likely to make the difference between high and low performers. We are achieving our net zero targets through a combination of careful restructuring of existing assets, selective sales and […]
Commercial real estate data giant, CoStar Group, has delivered strong performance throughout 2022 and its latest earnings report shows this trend continuing. The company’s third-quarter figures show revenue rose 12% year-on-year to $557 million. Full-year 2022 guidance was raised by $5 million to a range of $2.175 billion to $2.18 billion, a modest rise but […]
The commercial real estate business negotiated with the lender on behalf of its client for a competitive interest rate of 5.41%, which resulted in a successful closing. DALLAS, TEXAS, USA, October 31, 2022 /EINPresswire.com/ — A pioneer in the real estate finance industry, Terrydale Capital offers a variety of services including retail loans, hard money […]
Works on the south side. Image courtesy of JLL Capital Markets SomeraRoad has secured new financial support as it continues redevelopment activities at SouthSide Works, a mixed-use conversion project in Pittsburgh. With the help of JLL Capital Marketsthe real estate investment firm secured a $74 million loan for the planned destination of approximately 470,000 square […]
With stock market uncertainty, rising interest rates and inflation, investors are looking to diversify their portfolios. Wealth Migrate’s Scott Picken and Riaan van der Vyfer, and their US partner Judd Dunning, who is the chairman of DWG Capital Partners, believe that investing in industrial property is a good hedge against the economic cycle. These buildings […]
A residential farm of approximately 57.4 acres at Peppardscastle, Ballygarrett in Gorey, Co. Wexford, will be auctioned publicly and online at a probate sale on Tuesday November 8 at 2pm at the Amber Hotel Springs. According to David Quinn of Quinn Property, it is an “excellent asset”. It is located just off the Ballygarrett Road […]
Monday, October 31, 2022, 6:10 p.m.Press release: JLL A unique combination of global experience and local knowledge resulted in JLL NZ’s strategic advisory team being named Real Estate Advisory Team of the Year by the Royal Institution of Chartered Surveyors at the 2022 RICS Awards. JLL’s head of strategic consulting, Jonathan Manns, said the award, […]
Rob Miller, Vice President of Acquisitions, DJM. Image courtesy of DJM The retail market has been on a rollercoaster ride over the past few years, and the journey is not over. Shortly after pandemic-induced restrictions evaporated and people began to return to stores and malls, the industry was once again faced with another setback: inflation. […]
Traditional manufacturing remains under pressure. But the flip side is that the imports that replace South African manufactured goods also need storage,” the Rode report says. The industrial real estate market continues to be the crème de la crème due to its superior nominal rental growth and low vacancy. That’s according to the latest report […]
Development plans for the largest stretch of undeveloped land in Helotes are the latest battle line in the dispute between residents who want to retain the town’s rural feel and developers who consider the far northwest of San Antonio as a place of growth. This month, Helotes City Council unanimously approved a zoning rule change […]
The current economic climate may delay the start of construction of the Prince George Neighborhood Supermarket/Mall/Residential Project Plans for Nechako Corners, a supermarket/mall and residential development southeast of the Foothills Boulevard-North Nechako Road intersection on the western outskirts of the city’s bowl area are still underway, but it could s some time before construction begins. […]
Firefighters were called to Emma Street in Perth and Kinross on Friday evening to report a fire at a commercial building believed to be a laundry. The fire is believed to have started shortly after 7:00 p.m. when emergency services were called to respond to the incident. An eyewitness told the Scottish Sun: “This is […]
Here are the top residential and business permits issued to parishes in the New Orleans area in the two weeks leading up to October 28. Commercial licenses worth $100,000 and more and residential licenses worth $50,000 and more are listed. Orleans Parish TOP COMMERCIAL LICENSES $406,000, Gert Town, 3440 S. Carrollton Ave., Public Storage Inc. […]
Rendering of the 610 Business District. Image courtesy of Lovett Industrial Lovett Industrial began construction on 610 Business District, a planned 113-acre business park in Houston that could include up to 1 million square feet of industrial space at full construction. Associated bank provided a construction loan with a maturity date of 2025, according to […]
The tower is 319 meters high Tallest of its kind in the Southern Hemisphere In 2015, a 100th floor penthouse became the most expensive residential property sold that year in Melbourne Singaporean developer World Class Global has appointed Colliers Residential Victoria as lead agent for Australia 108. Completed in 2020 and designed by Fender Katsalidis, […]
Photo of Q000024 from Images After two years of historic rental growth and record investment returns, a recession would lead to a “cleanse” and “healthy down cycle” for real estate rather than a crash. This summarizes the global perspectives of the more than 2,000 experts who were polled and interviewed for Emerging Trends in Real […]
360 Rosemary United States has just celebrated the occupancy of its second head office with the unveiling of a new sign at 360 Rosemary, the Related Cos.‘ recently completed office tower in West Palm Beach, Florida. NewDay’s move to a 53,300 square foot space at 360 Rosemary is just the start of a planned expansion […]
Do you receive Broker Edge from Inman? Make sure you are subscribed here. Broker Spotlight: Nick Van Assche, Sea Glass Properties Last name: Robert Danker Title: President Live: 25 years Location: New York and the Hamptons Full name of brokerage: Prime residential in Manhattan Team size: 3 Sales volume: $150 million per year How did […]
Lending for new office construction and acquisitions has all but disappeared in recent months. Ongoing financings are often for recently built properties in high growth markets or sub-markets. And those lucky enough to receive financing should expect tighter underwriting and a higher cost of debt. Brad Zampa “The appetite and desire for office finance as […]
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Leaders in the commercial real estate industry are bracing for tougher times – tighter lending, higher interest rates and likely a recession. There is disagreement over the magnitude of the downturn ahead. “Inflation has been high for decades and the Fed is very aggressive,” said Tim Wang, managing director of research at Clarion Partners, a […]
Last week, New Orleans extended its moratorium on short-term residential rentals, suspending pending applications, which number more than 600, and renewals of existing permits. As Ben Myers reports for the Times-Picayune, in an article republished in Governor, “The expanded ban, which passed unanimously, could begin as early as November 3 and remain in effect for […]
Image courtesy of Tumisu via Pixabay.com TPG Real Estate has closed its latest opportunistic real estate investment fund, TPG Real Estate Partners IV (TREP IV), the company announced on Monday, October 24. The fund was reportedly oversubscribed, exceeding its hard cap and securing more than $6.8 billion in total commitments. TREP IV continues TPGRE’s series […]
A project in downtown Salinas that took years to come to fruition is now complete and ready for tenants. The six-story Salinas National Bank building at 301 South Main St. has been transformed into a residential tower with commercial space on the ground floor. Alvarado Street Brewery will be the building’s first commercial tenant. For […]
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It shouldn’t have come as a surprise when LinkedIn confirmed last week that it was scaling back plans for a large European campus in Dublin. In the months since the pandemic hit, it was clear that the old way of working, where presenteeism reigned and anything less than full office presence was an aberration, was […]
Rendering of River 700. All images courtesy of High Street Residential Rendering of the river 700 Rendering of the river 700 Main Street Residential, Trammel Crow Co.residential subsidiary of , as well as TMS The partners and River Street The partners, opened 700 River, a 377-unit multifamily tower in Austin, Texas. The 43-story project is […]
Image courtesy of Moerschy via Pixabay.com Just when it looked like the pandemic-induced surge in online shopping would permanently prevent the majority of American consumers from hitting the stores over the holidays, the tide turned. According JLL‘s Retail Holiday Survey 2022, most consumers are more eager to venture beyond their laptops to do their holiday […]
By Catherine Sweeney Newport Beach-based industrial investor BKM Capital Partners is expanding its presence in the Pacific Northwest, recently acquiring a 123,664 square foot industrial building in Marysville, Washington. The property was purchased for $20.3 million, or about $164 per square foot, according to Snohomish County public records. The seller in the transaction was an […]
Aarica Mims, senior vice president and director of leasing, KDC Real Estate Development & Investments, and Jim Carman, president of Houston area, Howard Hughes Corp. With the advent of hybrid working, there are fears that corporate America is putting an emphasis on the office and the office market is in jeopardy. But many companies actually […]
An indoor football center and bowling alley in Chesser are set to be demolished to make way for apartments and student accommodation. The major redevelopment, which has been backed by city planners, will mean the old barns behind the Corn Exchange will be demolished and replaced with a mix of purpose-built apartments, affordable homes and […]
The Brentwood Police Department arrested a residential burglary suspect on Friday after he jumped from a second-story balcony in an attempt to flee the scene in the town of Brentwood. At around 1.30pm on Friday, Brentwood officers were called to a house on Trinity Drive after a citizen returned to their residence to find a […]
Oct. 22 – Tari Court was one of many streets in Hamilton that expected to see water main replacements in 2023, but the city is aiming to fast-track this cul-de-sac project. Residents on the road said they had seen up to eight water main breaks in 13 months, including five over the summer and one […]
I heard an interesting comment on a webinar this week. My goal is to listen to at least 12 a month and supplement those views by listening to three podcasts a week. If successful, I consume between 288 and 300 hours of content each year. During each episode, I want to glean at least one […]
The New Orleans City Council moved Thursday to dramatically expand the temporary ban on new residential short-term rentals, halting renewals of existing permits and those already in the process of applying. The expanded ban, which passed unanimously, could begin as early as November 3 and remain in effect for up to a year. It represents […]
Coastal Commerce Center I. Image courtesy of JLL Capital Markets Flow real estate partners acquired Coastal Commerce Center I, a two-building industrial campus totaling 826,250 square feet in Garden City, Georgia. A joint venture between AEW Capital Management and Strategic real estate partners sold the fully leased property for $113 million, with the help of […]
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Borrowing costs are expected to skyrocket over the next 5 years Some companies are already abandoning their fundraising plans Rents under pressure as tenants reduce their real estate needs LONDON, Oct 21 (Reuters) – Owners of Britain’s biggest shopping malls, skyscrapers and industrial hubs are facing rising borrowing costs and a recession that could push […]
Brookline, Mass. ADCO Realty has engaged Kriper Studio to construct two new multi-unit residential buildings to be known as 41-43 Stearns Rd. and 45 Stearns Rd. 41-43 Stearns Road. and 45 Stearns Road. will be two multi-unit residential buildings evolving from what was originally designed as a single building on one lot. The opportunity arose […]
Lovett 76 Logistics Center. Image courtesy of Lovett Industrial Lovett Industrial opened the Lovett 76 Logistics Center, a 613,758 square foot industrial project in Brighton, Colorado, the company’s first industrial development in the Denver metro area. First National Bank of Omaha provided the developer with a $39.6 million construction loan, according to Adams County records. […]
Introduction On October 18, 2022, Minister for Housing, Local Government and Heritage, Darragh O’Brien, received Cabinet approval for legislation that provides a temporary, conditional stay on lease terminations this winter. The Residential Tenancies (Delay of Termination Dates for Certain Tenancies) Bill 2022 (the “Invoice”) has yet to be released, but based on widely publicized statements […]
James Huckaby, Partner and CIO, The Meridian Group. Image courtesy of Meridian Group Despite inflationary pressures and a looming recession, demand for industrial space continues to be high. The outlook remains positive for the industry darling of commercial real estate, which has been the least affected sector during the pandemic as it has been boosted […]
Cameron vs. Las Orchidias Properties, LLC Facts: A residential landlord evicts the tenant with the intention of renovating the unit and selling the apartment complex to a buyer. Within five years, the landlord fails to renovate the unit or sell the apartment complex and puts the unit back on the rental market. The tenant is […]
Prologis Inc. is pulling out of building new warehouses with no tenants already signed up, as the world’s largest developer of logistics properties braces for a potential economic downturn. The abandonment of what are known in the real estate sector as speculative projects reflects “a more cautious approach”, Tim Arndt, chief financial officer of Prologis, […]