Commercial property

Asian investors are back and buying commercial property

Mr. Tong added that wealthy Asian investors have a 50% stake in the portfolio’s eight assets. Asian investors also bought two child care centres, including a long-leased Little Locals operation in Auchenflower, Brisbane, for just over $11 million, representing a yield of 4.5%. Mr. Tong said pre-pandemic Asian investors were certainly active but generally managed […]

Commercial property

Investment Trust Portfolio: Commercial Real Estate Blues

Last month’s article (“Shifting dials”, IC, April 24) highlighted that the dial is shifting on a range of issues and how that is contributing to one of the most challenging investment environments in decades. decades. Appropriate portfolio diversification relative to mission and risk profile is now more important than ever. This should include adequate protection […]

Commercial property

The West End commercial property sector is booming, but will East London soon follow?

London’s West End property giants Shaftesbury PLC (LSE:SHB) and Capital & Counties (LSE:CAPC) (Capco) Properties PLC are heading for a £3.5bn merger appears to be a further sign that the region is booming in the post-pandemic period. The combined real estate investment trust (REIT) would own a portfolio of approximately 2.9 million square feet of […]

Commercial property

Commercial real estate funds – consistency in uncertain times

We talked about it. And now it has finally happened. The Reserve Bank raised interest rates by 0.25%, and this has already had an impact on the equity market. But in these uncertain times, commercial real estate funds can be a stable and reliable investment. There are a lot of things weighing on the minds […]

Commercial property

How to protect commercial property with the help of technology?

Technology has long simplified and streamlined complex tasks in all spheres of human life. With each passing day, it evolves and becomes more and more advanced, turning the most unimaginable things into reality. Gone are the days when technology simply shaped the way we communicated or helped restructure work tasks, the newest use of technology […]

Commercial property

Guide to buying your first commercial property

Even for seasoned investors, buying commercial property can be a difficult task. It is not the same as buying a residence. It takes research, effort and foresight. However, buying commercial property can be a prudent investment under the right circumstances, and the potential benefits can be enormous. In this article, we’ll go over some buying […]

Commercial property

Business real estate must “prepare” for the energy transition.

Good intentions can be difficult to translate into practical action, but that’s what the commercial real estate industry needs to do to achieve global net-zero carbon goals. The building sector represents more than 20% of global energy consumption and is recognized as one of the sectors for which the transition is not so simple, because […]

Commercial property

Boeing will move its headquarters to Arlington

Changing office usage patterns, along with plans for growth, prompted the decision to leave Chicago. Boeing location in Arlington, Virginia. Photo courtesy of Boeing Boeing will move its headquarters from Chicago to Arlington, Va., and establish a research and development center there, the company announced Thursday. The move will bring the aerospace and defense giant […]

Commercial property

Agent reports rise in commercial property valuations

Published: 08:00 4 May 2022 Brown&Co’s Robert Flint reflects on the reasons for the increase in commercial property valuations over the past 12 months. While public attention has focused on the residential real estate market lately, the economic engine of commercial real estate has quietly receded into the background. It has never been so obvious; […]

Commercial property

Rockpoint and ADIA to invest $2 billion in industrial real estate

Image by Adrian Sulyok via Unsplash rocky point and a wholly owned subsidiary of Abu Dhabi Investment Authority have formed a platform targeting industrial investment opportunities totaling about $2 billion, the companies announced on Monday. This investment vehicle would focus on “industrial core construction investments in high-barrier-to-entry locations in the infill, demand-driven, gateway and growth […]

Commercial property

Sales of commercial properties increased by double digits in the first quarter

U.S. commercial property sales grew double-digit year-over-year in the first quarter, according to the latest edition of Real Capital Analytics’ US Capital Trends. Deal flow across all asset classes rose 56% overall in the first quarter from the same period a year ago and was up 47% in March from year-ago totals, according to The […]

Commercial property

Junior Commercial Property Manager job at Clarion Housing Group

£29,667 to £35,230 per year Godalming – The Mill 37.5 hours per week Permanent Barn Property Management We are looking for an exceptional candidate to join our team in Grange, assisting the Property Manager and Head of Department in providing property management services to a portfolio of commercial properties on behalf of freehold clients, developers […]

Commercial property

Commercial property owners want the right balance

As Chicago attempts to recover from COVID, our County Assessor is determining assessments through political ploys that rock our local businesses. How else can you explain offering homeowners an overall “COVID” discount when the pandemic has created an increase in home values? The tactic was extraordinary – despite national appraisal standards organizations warning of the […]

Commercial property

Top 5 New York Office Building Sales — March 2022

Source: PropertyShark, a company of Yardi Systems Inc. 23-15 44th Road, QueensSelling price: $176,000,000 Stawski Partners has sold the 1.3 acre development site at Hunters Point along with the adjacent 3,092 square foot office building at 43-16 24th St. to Carmel Partners. In 2016, the seller planned to build a 66-story residential tower with 921 […]

Commercial property

Local painting company focused on educating commercial property owners and managers about the dangers of DIY exterior painting

SCOTTSDALE, Ariz. – Gregg Custom Painting(TM), one of America’s fastest growing and most successful interior and exterior painting companies, is thrilled to announce the launch of its safety-focused education program. The program was created and tailored specifically for commercial property owners and managers to reduce serious injuries when businesses attempt to undertake the work themselves […]

Commercial property

USAA, Seefried raise the bar for building sustainable warehouses

Interior rendering of the warehouse project using sustainable materials at Southfield Park 35. Image courtesy of USAA Real Estate USAA Real Estate and Seefried Industrial Properties are nearing completion of a 161,000 square foot industrial building in the 157-acre Southfield Park 35 in Dallas that will be one of the first industrial warehouses built with […]

Commercial property

Commercial property: lease of a store built for Woolworths in Southwick sold to a property investment company

Currently occupied by Yun Feng Foods, the large retail unit in Southwick Square was originally built for FW Woolworth. Flude Property Consultants (FPC) was commissioned to market the long lease and soon received several offers. He has now finalized the sale to a real estate investment company. Register to our daily newsletter SussexWorld Today The […]

Commercial property

Commercial Property Management Software Market Size, Outlook and Forecast

New Jersey, United States – the commercial property management software market The research report offers complete coverage of the Commercial Property Management Software Market over the forecast period 2022-2029. It provides historical, current and future market trends to help develop a robust market strategy. Additionally, it provides value chain analysis, key drivers and challenges, and […]

Commercial property

Sealy Acquires Columbus-Area Logistics Facility

1225 Southgate Drive. Image courtesy of Sealy & Co. Sealy & Cie., of Dallas, has acquired a 437,589 square foot logistics facility at 1225 Southgate Parkway in Etna Township, Ohio. Developer Core5 Industry Partners sold the property in an off-market transaction, for an undisclosed amount. The I-70 Logistics Center East features a cross-dock layout, 36-foot […]

Commercial property

Commercial Property Insurance Market Size, Outlook and Forecast

New Jersey, United States – the commercial property insurance market The research report offers complete coverage of the Commercial Property Insurance Market during the forecast period 2022-2029. It provides historical, current and future market trends to help develop a robust market strategy. Additionally, it provides value chain analysis, key drivers and challenges, and includes upcoming […]

Commercial property

It’s time CRE got serious about cybersecurity

Tom Shircliff We all know about cybersecurity risks, either first-hand or from headlines that report high-profile incidents involving credit card statements, government records, corporate emails, and social media accounts. Add to that critical infrastructure incidents involving municipal water systems and gasoline pipelines, and other threats from nation states, including Iran and Russia. Commercial real estate […]

Commercial property

Converting vacant commercial premises into residential accommodation

While the government may be looking for ways to ameliorate the state’s housing crisis, turning vacant commercial properties into residential housing is a policy that hasn’t been seen here on a large scale. In the United States, a record 20,100 apartment conversions were expected to be completed in 2021. Over the past two years, an […]

Commercial property

Two blocks evacuated as fire at commercial property ignites Friday morning

BIRMINGHAM, Ala. (WBRC) – The fire started just before midday on Friday April 22 and Birmingham Fire is still working to determine the cause of the fire. Crews were dispatched at 11:51 a.m. and were immediately told that chemicals were inside the building. They soon learned that Isopentan was the chemical on the property. It […]

Commercial property

Foreign investment in Australian commercial property doubles

Overseas buyers continue to be active in both buying and selling Australian business assets, according to a leading expert. Ray White Commercial Head of research, Vanessa Rader said foreign investment in commercial real estate has nearly doubled in the past 12 months. “The recent release of the FIRB’s annual report for 2020-2021 showed a 95.91% […]

Commercial property

Important Information for Commercial Property Owners: 2022 Amended Assessment Notices, Appeal Dates

Over the next week, the City of Saskatoon will be mailing amended assessment notices to commercial property owners when an update to their property’s assessed value is required for a full year. “We’ve had several longstanding commercial assessment appeal decisions made by the Court of Appeal and those also affected the Board of Review in […]

Commercial property

Dodge Construction Data Points to Recovery

Image by Michael Gaida/Creative Commons After a strong February, total housing starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to the latest report from the Dodge Construction Network. Dodge notes that nonresidential building starts fell 29% in March, but that’s largely due to three major manufacturing facilities beginning […]

Commercial property

$100 million redevelopment of DEA headquarters completes

DEA headquarters in Arlington, Virginia. Image courtesy of Judy Davis, Studio HDP FD Stonewaterresponsible for spearheading the phased redevelopment of the United States Drug Enforcement Administration’s 511,000 square foot headquarters just outside of Washington, D.C., in Arlington, Va., completed the $100 million project in the deadlines and budget. FD Stonewater took charge of the modernization […]

Commercial property

Stockland Reports Strong Operational Metrics Across its Commercial Property Portfolio in Q3

(RTTNews) – Stockland Corp. ltd. (SGP.AX, STKAF.PK), an Australian property company, said strong operational metrics across the commercial property portfolio, with 95% rental recovery for the third quarter of 2022 and rental levels maintained high occupancy. Tertiary leasing spreads remained positive over the quarter. In the residential sector, sales volumes for 1,562 planned communities in […]

Commercial property

Higher tax slabs proposed for Solan commercial property: The Tribune India

Tribune press service Ambika Sharma Solan, April 19 Commercial property owners will have to pay more as Solan Municipal Corporation (MC) has proposed higher tax brackets for various categories of commercial property such as hotels, bars, restaurants, clubs, houses hosts, travel agencies, etc. Objection date extended Commissioner, Solan MC, Rajiv Kumar, said the […]

Commercial property

Commercial real estate developer expects increased sales of office buildings

A commercial property developer expects more office buildings to sell in the coming months as businesses struggle to rent space and cope with rising construction costs. The office market has been affected by the pandemic. Photo: 123RF Listed property company, Asset Plus, recently sold an office building in central Auckland for $65 million, citing rental […]

Commercial property

Shropshire’s commercial property market remains buoyant

Toby Shaw, Partner at Towler Shaw Roberts Toby Shaw, partner at Towler Shaw Roberts, said the county’s market remains very vibrant, with deals being struck across all sectors. Mr Shaw said: “It was unclear how the commercial property market would react to a global pandemic, but here in Shropshire the market has held up particularly […]

Commercial property

Inside Long Island City’s Real Estate Scene, After Amazon

Photo by Brian Lundquist on Unsplash End of 2018, Amazon put Long Island City in the spotlight with its plan to build a 4 million square foot campus in the Queens borough and create 25,000 new jobs. Despite the company’s decision to pull out a few months later, which tested the future of the neighborhood, […]

Commercial property

Triten will transform the old shopping center in suburban Dallas

Rendering of the office part in Assembly Park. Image courtesy of Triten Real Estate Partners Triten real estate partners began demolishing the former Market Square mall in Plano, Texas, where it will build Assembly Park, a mixed-use development that will include 180,000 square feet of Class A creative office space as well as commercial and […]

Commercial property

UK commercial property hit by bigger discount

UK commercial property REITs2021 results show the company is generating NAV return of 21.5% for the year (well above -0.9% in 2020 following the effects of COVID). A return of 21.4% on wallet was well above the 16.8% return generated by the company’s MSCI index reference. Yields were helped by much better rent collection of […]

Commercial property

Lease offers leave Duke Realty’s 23 MSF Texas portfolio full

North Point 8221, Houston. Image courtesy of Duke Realty Corp. Duke Realty Corp. recently entered into lease agreements totaling 1.1 million square feet with existing tenants Samsung in the Dallas metropolis and United States in Houston. With the closing of both transactions, Duke no longer has a single square foot available for lease in its […]

Commercial property

2022 Insurance Rate Changes – Commercial Property Manager

While 2022 began with hopes of a “return to normal” in real estate, global uncertainty has returned to remind us that we live in very interesting times. For property owners and operators, this means continuing to position themselves to maximize opportunities while staying tuned to the potential impacts of geopolitical turmoil and the lingering threat […]

Commercial property

Office fit-out costs are rising globally

Image by Cecil King via Pixabay.com Occupying offices is becoming more and more expensive on a global scale. The source of the increase is not rent, however, but a rise in space fit-up costs and rental charges, according to the first quarter 2022 edition of Savills Prime Office Costs. In terms of space planning, attempting […]

Commercial property

MACAU DAILY TIMES 澳門每日時報 » Commercial real estate loans increased by 200%

VScommercial Home loans (CRLs) approved by Macau banks rose 210.1% month-on-month to MOP 10.02 billion in February, according to data provided by the Monetary Authority of Macau. Macau. The monthly average of new CRELs approved between December 2021 and February 2022 was MOP 8.1 billion, down 10.0% from the previous period (November 2021 to January […]

Commercial property

REIT executives balance opportunity and uncertainty

REITs are at a troubling turn in the real estate cycle. They still harvest this Sales CEO Debra Cafaro called the post-COVID “incredible demand boost” but they face a tsunami of risk factors including geopolitical unrest, soaring inflation and interest rate hikes which have already started to exert upward pressure on capitalization rates. Real estate […]

Commercial property

The Health Sciences Center is coming to Phoenix

The Center for Advanced Molecular and Immunological Therapies. Image by CO Architects, courtesy of Arizona University of Health Sciences. Phoenix will soon be home to a new Arizona University of Health Sciences research Center. When completed, the Center for Advanced Molecular and Immunological Therapies (CAMI) will serve as a health sciences center for the study […]

Commercial property

The city 15 minutes away and what it means for commercial real estate

Wybo Wijnbergen, co-founder and CEO of infinitSpace, explores the increasingly popular concept of the city in 15 minutes and what it will mean for the commercial real estate (CRE) industry For many years, employees have been willing to make long commutes to work, battling harsh weather, indefinite access to public transportation, and traffic in what […]

Commercial property

Why CRE leaders are asking which direction is best

Jay Maddox Image courtesy of Avison Young Commercial real estate lenders and investors face a confusing array of seemingly conflicting economic signals. Interest rates have skyrocketed since Russia invaded Ukraine and price inflation, initially seen as a temporary consequence of supply chain issues, has metastasized into a potentially systemic problem. . At the same time, […]

Commercial property

Commercial property owners and developers could be the winners if Gov. Mike DeWine signs the tax bill

Columbus, Ohio- The Ohio General Assembly has sent Gov. Mike DeWine a bill that could shift the funding burden more from schools to homeowners by limiting how school districts challenge commercial property values ​​at boards of review . House Bill 126, if DeWine signed it, would amend a law in effect since 1976 that allows […]

Commercial property

Smooth Navigation for Phoenix Office Developments

Most projects will add traditional office space to market inventory, according to CommercialEdge. Office construction continued steadily in Greater Phoenix in February, according to business advantage, without any additions to the subway pipeline. Some 2 million square feet of space was in progress in The Valley, representing 1.5% of the stock. All ongoing developments are […]

Commercial property

Part of the old western mining town for sale near Telluride

RICO, Colo. (KDVR) — As home prices and rents soar in metro Denver to the west, there’s a former mining town called Rico that’s home to the largest commercial property on the market. According to CoStar and LoopNet, Rico’s 1,100-acre Silver Springs property is the largest mass commercial land for sale in the state. The […]

Commercial property

Preventative care: How fit are your healthcare tenants?

Ben Reinberg The state of the health care sector is, well, healthy. It was strong before COVID-19, it’s been vigorous throughout the pandemic, and there’s no reason to believe it won’t be robust in the years to come. But for commercial real estate investors playing in this space, not all healthcare properties are alike. First, […]

Commercial property

Some REIT sectors are still feeling the effects of the pandemic

stephane boyd As the pandemic recovery progresses and daily life continues to normalize, the bulk of US REITs have stabilized, with many returning to pre-pandemic rating levels. In fact, just 17% of Fitch-rated U.S. REITs were on Negative Outlook or Watch at the start of 2022, down from 38% the year before. As with many […]

Commercial property

The largest commercial property in and around the old mining town for sale

RICO, Colo. (KDVR) — As home prices and rents soar in metro Denver to the west, there’s a former mining town called Rico that’s home to the largest commercial property on the market. According to CoStar and LoopNet, Rico’s 1,100-acre Silver Springs property is the largest mass commercial land for sale in the state. The […]

Commercial property

UK Commercial Property Insurance Market Report 2022: Size, Trends, Competitor Dynamics and Opportunities – Market to reach £8.85 billion in 2025

DUBLIN–(BUSINESS WIRE)–The “UK (UK) Report on “Commercial Property Insurance Market Size, Trends, Competitor Dynamics and Opportunities” has been added to from ResearchAndMarkets.com offer. This report analyzes the UK commercial property insurance market, examining the drivers of adoption across different demographics and dwelling types. It discusses the claims landscape in 2020, as well as the commercial […]

Commercial property

UK Commercial Property Insurance Market Report 2022: Size, Trends, Competitor Dynamics and Opportunities – Market to reach £8.85 billion in 2025 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “United Kingdom (UK) Commercial Property Insurance Market Size, Trends, Competitor Dynamics and Opportunities” has been added to from ResearchAndMarkets.com offer. This report analyzes the UK commercial property insurance market, examining the drivers of adoption across different types of demographics and dwellings. It discusses the claims landscape in 2020, as well as the […]

Commercial property

Incenter Tax Solutions advises commercial property owners to carefully review their tax assessments

FORT WASHINGTON, Pa.–(BUSINESS WIRE)–With inflation, rising energy costs, supply chain disruptions and the continued fallout of the pandemic putting financial pressures on commercial property owners, Incenter Tax Solutions urges them find new ways to maximize savings, including reviewing their property tax assessments. “As real estate values ​​continually rise and fall with market conditions, these valuations […]

Commercial property

Direct Commercial Property buys $10m property in industrial hotspot Brisbane as investors look north

Property specializing in dangerous goods, a purchase that stands out Queensland-headquartered Direct Commercial Property (DCP) has bought 44 Aquarium Avenue in Brisbane’s industrial hotspot Hemmant on Australia’s TradeCoast for $10 million in a deal brokered by David Gibson, head of industry at Cushman & Wakefield and his colleague, director Aaron Dahl. The purchase follows news […]

Commercial property

$5 million worth of commercial properties sold in Noosa

March was a triple auction success for Ray White Commercial Noosa and Sunshine Coast North who sold three properties during their auction campaign for a total of $5,475,000. Agents Tracey Ryan and Dave Brinkley achieved three outstanding auction results this month, with each property being well contested and earning great returns for sellers. “In one […]

Commercial property

Commercial real estate attracted up to 760 million euros of investment in the first quarter

Investors plunged up to €760m into Irish commercial property in the first three months of the year, according to new reports. Sales of student residences, apartments and warehouses contributed to the good quarter for commercial real estate. Jones Lang Lasalle (JLL) calculates buyers completed deals worth €760 million in the three months to the end […]

Commercial property

Commercial Real Estate Management Software Market Growth By Major Key Players 2022-2030

New Jersey, United States,-The Commercial Property Management Software Market reports study a variety of parameters such as raw material, cost, technology, and consumer preference. It also provides important market identification information such as history, various expansions and trends, trade overview, regional markets, trade and market competitors. specific analysis of capital, revenue and price, as well […]

Commercial property

Skanska Commercial Property Development sells Epic in Malmö, Sweden

Skanska Commercial Property Development sells Epic in Malmö, Sweden Skanska Commercial Property Development has sold the Epic office building in Malmö, Sweden to Skanska Investment Properties for approximately SEK 750 million. The internal transaction is cash-neutral and will be accounted for in the first quarter of 2022. The transfer will […]

Commercial property

USAA, Seefried Partner on the Logistics Park 1.8 MSF

Logistics Park I-4. Image courtesy of Colliers USAA Real Estate and Seefried Industrial Properties this week opened the first building at the I-4 Logistics Park in Deltona, Florida, a 1.8 million square foot complex that will be one of the largest speculative industrial developments in Central Florida. The development will be constructed in two phases […]

Commercial property

Duke Realty leases 500 KSF facilities in Miami area to FedEx

The South Florida office of Duke Realty Corp. leased a 501,200 square foot speculative building at Miami 27 Business Park, pure logistics property REIT’s new two-building development in Medley, Florida. FedEx ground engaged in the entire facility, leaving barely a square foot available in the approximately 723,200 square foot South Florida industrial complex. READ ALSO: […]

Commercial property

Designs, equipment and upgrades for the new office

The Midtown office tower of the Durst One Five One organization offers Well&, an exclusive in-house amenity program for office tenants that includes a dining room by celebrity chef Charlie Palmer, pictured. Image by Jeremy Frechette courtesy of The Durst Organization. The Midtown office tower of the Durst One Five One organization offers Well&, an […]

Commercial property

Boise calls for commercial property tax reform

Like clockwork, it’s budget season again in the city of Boise. On Tuesday, the Boise City Council kicked off its annual process of assessing its revenues and priorities to set the city’s budget for the coming fiscal year. The 2023 budget, which will be rolled out in parts this spring before the final draft is […]

Commercial property

JLL arranges $543 million financial package for Boston project

10 World Trade. Image courtesy of JLL A development team led by Boston Global Investors secured $542.5 million in funding to build 10 World Trade, a $596.6 million tower in Boston’s Seaport District that will include 555,250 square feet of life sciences, office and sale to detail. Site work has begun on the 17-story property […]

Commercial property

Announcement: Commercial Mixed Use Property in Tulare, CA

Nice view of Tulare A rare opportunity to own and run your business right next to your home. Beautiful lifestyle in the city of Tulare, CA: 4620 Avenue 228, Tulare, CA 93274 TULARE, Calif., TULARE, March 29, 2022 /EINPresswire.com/ — Irina Hill and Robert Weichelt, two independent contractors from eXp Realty, are thrilled to spotlight […]

Commercial property

Toll Brothers spends $40 million to buy commercial property in Kirkland

By Meghan Hall Two aging commercial properties in suburban Kirkland, Wash., could be repositioned as homes for sale after being reclaimed by a national developer. In a deal that was finalized last week, Toll Brothers spent $40 million to acquire a pair of properties at 10801 and 10809 120th Ave. BORN. Public records show that […]

Commercial property

Amazon’s facility in the Northern Bay area sells

4800 Midway Rd. Image courtesy of Cushman & Wakefield A joint venture of LDK Companies and PCCP LLC sold a new 617,760 square foot Class A distribution/e-commerce facility on 35.7 acres in Vacaville, CA. Cushman and Wakefield advised sellers. The single-tenant asset was acquired by an unnamed global real estate investment manager for an undisclosed […]

Commercial property

What’s next for industrial real estate?

Moderator (far right): Fran Inman, Senior Vice President, Majestic Realty Co. Panelists, left to right: Kim Snyder, President, West Region, Prologis; Tom Bak, Senior Managing Director, Trammell Crow Co.; Dwight Merriman, Partner, Head of Industry, Ares Management; Dayton Conklin, Managing Director, Clarion Partners. Will industrial real estate remain a preferred type of property? A group […]

Commercial property

Investment in commercial real estate is booming

Skyscraper window cleaners clean the exterior of the Guiyang International Trade Center in Guiyang, Guizhou province on March 15. [Photo/Xinhua] China’s annual commercial real estate investment is expected to top 300 billion yuan ($47 billion) for the first time in 2022. This shows that China’s economy is on the right track this year as countercyclical […]

Commercial property

Top 5 Industrial Building Sales in New York — February 2022

Source: PropertyShark, a company of Yardi Systems Inc. 2325 Hollers Ave, BronxSelling price: $48,200,000 Cayre Equities has sold the 100,279 square foot warehouse in Eastchester to Brookfield Properties. The buyer secured a $31 million acquisition loan issued by Wells Fargo Bank. The self-storage built in 2017, formerly Treasure Island Storage, has been renamed Life Storage. […]

Commercial property

The signs bode well for the North Bay commercial real estate market

Sonoma County’s commercial real estate market declined in the first two quarters of 2021, but recovered significantly in the last two quarters. We have felt the highs and lows of COVID in 2021, repeating some of 2020’s high infection and hospitalization rates. Fluctuations in the local economy have mirrored the effects of COVID on the […]

Commercial property

How you buy commercial property is just as important as where.

Structure is important when starting to invest in commercial real estate. A mistake can have long-term tax and asset protection implications that can be costly. But the right structure creates a foundation for maximum long-term returns. Understand your tax obligations as an investor Generally speaking, commercial investors pay tax on the net rental income they […]

Commercial property

How income from joint ownership of commercial property is taxed

The income tax rules for co-ownership of commercial property are different from those that apply to other residential properties. Fractional ownership of commercial property is emerging as a new way to generate wealth. However, anything that allows you to accumulate wealth comes with certain tax implications. The tax rules for commercial condominiums are different from […]

Commercial property

Office-to-logistics conversions are tough. Here’s why.

1800 Tapo Canyon, Simi Valley, CA. Image courtesy of Griffin Capital Essential Asset REIT Inc. With industrial facilities in record demand, it makes perfect sense to turn underutilized office buildings into state-of-the-art warehouses. But don’t expect the trend to sweep the country. Only certain office buildings in certain locations are viable for such businesses. And […]

Commercial property

Bill to reduce Arizona commercial property tax closer to crossing

A bill to reduce Arizona’s commercial property tax assessment rate to 15% over the next five years would achieve a target set decades ago by the Citizen’s Finance Review Commission and others if it became law. Senate Bill 1093, sponsored by State Sen. JD Mesnard, R-Chandler, would continue the planned valuation ratio decrease under last […]

Commercial property

The commercial real estate sector enjoys a post-COVID recovery

Beyond the city limits It’s not just urban real estate that is on an upward trajectory. Regional commercial property is experiencing a renaissance as people seek COVID-inspired tree-and-sea changes. Commercial real estate has benefited. “Over the past year we have seen major hubs such as Geelong experience strong demand for commercial loans, fueled by growing […]

Commercial property

The future of the office: is the CRE out of touch?

Photo by kate.sade on Unsplash We hear a lot in commercial real estate industry circles at CRE events about the benefits of in-person office work. How young people want to return to the office to connect, collaborate and be mentored; how people are tired of Zoom meetings or working in pajamas, etc. Outside of industry, […]

Commercial property

Do bridge collapses jeopardize local real estate markets?

Barry B. LePatner Esq. Here’s a staggering and sobering statistic that should give all Americans pause: Of the approximately 617,000 bridges across the United States, 231,000 are at risk of collapse. The potential damage, not only to the traveling public, but also to local real estate markets, is staggering. As we emerge from the global […]

Commercial property

The pandemic-related acceleration of Sun Belt’s office markets

Alexander Paul For years, investors have viewed the office markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C., as key investment opportunities – large gateway markets with enough growth potential to produce regular returns. However, during the most recent growth cycle, and particularly since the onset of the COVID-19 pandemic, a […]

Commercial property

Commercial property impacted by COVID-19 has been softer than expected

Two years ago, as the COVID-19 pandemic took hold, the outlook for the commercial real estate sector rapidly deteriorated. With office workers sent home, hotels empty and storefronts gathering dust as buyers stayed away, building owners and lenders were vulnerable. No wonder real estate analysts are expecting a flood of defaults and commercial foreclosures. It […]

Commercial property

Medical Technology Company Expands to Phoenix Office Campus

IDEA Temp. Image courtesy of CBRE Becton, Dickinson and Co. increased the footprint of its Greater Phoenix office to nearly 153,000 square feet. The medical technology company signed a 165-month, 32,917 square foot lease extension at IDEA Tempe, a 1 million square foot incremental development in Tempe, Arizona. CBRE negotiated the agreement on behalf of […]

Commercial property

🌱 Skyrocket Commercial Property Deals + Redwood City Illuminated

Happy Thursday, people of Redwood City-Woodside! Here’s everything you need to know around town today. First, today’s weather forecast: The clouds give way to the sun. High: 64 Low: 43. Here are today’s top stories at Redwood City-Woodside: Silicon Valley has biggest year ever for commercial real estate transactions (The Mercury News) Redwood City lights […]

Commercial property

A look at large-scale industrial projects in Phoenix

Phoenix. Image by Kevin Ellis via Pixabay As the space race continues, Greater Phoenix continues to establish itself as a vital industrial market. Supported by rapid population growth, optimal geographical position, business-friendly environment, solid infrastructure and available developable land, the city is poised to become a crucial location for logistics and manufacturing companies. “Greater Phoenix […]

Commercial property

Can the Russian-Ukrainian crisis make CRE more sustainable?

With energy prices skyrocketing since Russia’s invasion of Ukraine, there is much talk about how to reduce America’s dependence on expensive foreign oil and reduce our reliance on oil and gas. gas, period. Does this mean that the Ukrainian crisis will accelerate energy efficiency and the transition to renewable energies? If the pattern of history […]

Commercial property

Commercial Property Management Solutions Market Trends by 2026 with Top Key Players – Yardi Breeze, Total Management, Re-Leased, AppFolio, Property Matrix and SKYLINE

This Global Commercial Property Management Solution Market is an attempt to analyze the global opportunities in the field of the worldwide industry, its present capabilities and the potential of selected countries and regions in the market. The report to businesses and companies provides a better understanding of their ability to invest in the market. The […]

Commercial property

2022 Commercial Property Tax Appeals: The Transition from the COVID-19 Pandemic to the Endemic Environment

Property tax appeal filing season has suddenly arrived. The extent of the COVID-19 pandemic on real estate appraisals remains unclear, and many landlords may not even have begun to focus on how it has affected their property appraisals. The sectoral impact of the pandemic Certain types of goods seem to have been unquestionably negatively impacted […]

Commercial property

Colliers International expects healthy UK retail property returns in 2022

Commercial real estate is lagging, but the industrial sector will continue to help support returns as warehouses, prime office space and life science/pharmaceutical assets remain in demand. American-owned international estate agents Colliers International expect all sectors of the UK market to post positive growth in total returns in 2022, with the main industrial property sector […]

Commercial property

Mastercard renews the lease of its offices in Miami

801 Brickel. Image courtesy of Nuveen Real Estate Nuveen Real Estate has signed Mastercard International to a lease renewal of 53,700 square feet at 801 Brickel in Miami, ensuring the global payment technology solutions company remains in place at the iconic 415,000 square foot building that has housed it since 1986. With the help of […]

Commercial property

Denver Commercial Property Services Welcomes Arborist Matt Schovel

DENVER, March 10, 2022 /PRNewswire/ — Denver Commercial Property Services (DCPS), a leading commercial real estate services company based in Coloradois happy to welcome matt schovel as General Manager of the Plant Health and Tree Care segment. As a second generation Certified Arborist, Matt brings over 30 years of management experience and technical expertise to […]

Commercial property

Regent Properties Acquires Iconic Dallas Office Tower

Trammell Crow Centre. Image courtesy of Regent Properties Regent Properties announced the acquisition of Trammell Crow Center, a 50-story skyscraper located in the heart of downtown Dallas. The Los Angeles and Dallas-based company purchased the Class A office building from institutional investors advised by JP Morgan Global Alternatives. Regent did not disclose a sale price […]

Commercial property

Risk assessment of rising interest rates for CRE

Richard Rennell In mid-February, the Mortgage Bankers Association released commercial and multifamily mortgage lending figures for the fourth quarter of 2021, indicating that the last quarter was a record end to a record year for loans on commercial and multifamily properties. MBA’s quarterly figures showed a 79% increase in creations year over year and a […]

Commercial property

Growth in Scottish commercial property will be ‘moderate’ in 2022

Growth in Scottish commercial property prices is expected to “moderate” to 9.6% in 2022 and 6.4% in 2023 as rental expansion slows and yields stabilise. International real estate firm Colliers explained that this follows a six-year high of 16.5% in 2021, with the industrial sector, retail warehousing, prime offices and life sciences all remaining popular […]

Commercial property

Potential impact of the Russian-Ukrainian conflict on the commercial real estate market in South Africa

It is too early, and the future of the Russian-Ukrainian conflict is too uncertain, to say with certainty what the extent of the economic and real estate impact in South Africa could be. However, there are seemingly obvious potential points of impact on the national real estate market via economic impacts. First, the conflict appears […]

Commercial property

Harrison Drury joins the commercial property team at Clitheroe

News LGW Hub Legal services North West law firm Harrison Drury has appointed Danielle Jesson to its commercial property team in Clitheroe. Danielle joins Harrison Drury of Steele & Son at Bagot Heyes, where she trained and then qualified as a barrister in 2020. As a member of Harrison Drury’s commercial property team based in […]

Commercial property

New faces and major promotion at expert in commercial real estate

East Midlands commercial property expert Andrew + Ashwell is off to a strong start in 2022 with new hires and a major promotion. The Leicester-based firm recently added new faces Jef Bale and Harry Brown to the specialist team at the London Road A+A office, with a well-deserved promotion to Associate Director of Chartered Surveyor […]

Commercial property

How Texas is using the commercial property tax code to accelerate growth

Everything is bigger in Texas, including the tax code. Unique provisions in a state funded primarily by property taxes give commercial owners more control over how and where local government dollars are spent. The Lone Star State uses more than 200 Tax Revenue Reinvestment Zones (TIRZ, pronounced as turs) to meet the growing appetite for […]

Commercial property

South Florida’s First Specification Cold Storage Facility Lands Tenant

Bridge Industrial has yet to complete Bridge Point Cold Logistics Center, the first cold storage facility for rent to be developed on a speculative basis in South Florida, and already the company has landed a tenant to occupy the building. of 312,000 square feet. in its entirety. Bridge recently signed FreezPak to a full construction […]

Commercial property

Harrison Drury joins the commercial real estate team | North West Real Estate News

pd Lara Watts, Danielle Jesson and Roberto Bonaminio Law firm Harrison Drury has appointed its commercial property team to Clitheroe. Danielle Jesson joins Harrison Drury of Steele & Son at Bagot Heyes, where she trained and graduated as a barrister in 2020. As a member of the company’s commercial property team, Jesson will primarily handle […]

Commercial property

When to Consider Commercial Property

Australians love bricks and mortar – but there are times when commercial property can make more sense than residential accommodation. We look at five reasons why it might be time to consider commercial property. 1. Your price is out of the residential market It’s no secret that home values ​​have skyrocketed over the past year. […]

Commercial property

3 ways to invest in commercial real estate

The real estate market is not limited to residential housing, and an investment in commercial real estate can bring valuable diversity to a portfolio. Here’s how to get involved. Commercial real estate has long had a reputation for offering higher rental yields and longer leases than residential real estate. This can make it a useful […]

Commercial property

How to Identify a Quality Commercial Real Estate Investment

Commercial real estate can be a very attractive investment, and the key to success starts with a careful selection process. Australians are familiar with residential real estate as an investment. But commercial real estate can be a very attractive addition to a portfolio. One of the most compelling aspects of commercial real estate is the […]

Commercial property

Brookfield Properties Completes $1 Billion Mixed-Use Project in San Francisco

Mayor London Breed addresses the crowd at the opening ceremony of 5M. Photo courtesy of Kathleen Sheffer Brookfield Propertiesin partnership with Hearst Corp., has completed construction on 5M, a $1 billion mixed-use development in San Francisco’s SoMa. An opening ceremony was held on March 1, attended by municipal representatives, arts organizations and community groups. Started […]

Commercial property

Chicago property taxes weigh too heavily on commercial property owners: editorial

Source: Cook County Adjusted Median Sales Valuation Ratios. Illinois Department of Revenue, 2019 and 2020 sales ratio studies evaluating 2018 and 2019 valuations. Then, in 2020, Kaegi used the pandemic as an excuse to further reduce residential assessments and shift even more taxes to struggling businesses, this time over the whole department. To do this, […]

Commercial property

Hermès moves its headquarters to the former Sony building

The luxury fashion brand is moving to the Plaza District of Manhattan. 550 Madison Ave. before the overhaul The Olayan Group signed a 71,757 square foot lease with a French luxury design house Hermes in the iconic building at 550 Madison Ave. in the Plaza area of ​​Midtown Manhattan. The world-renowned fashion brand will relocate […]

Commercial property

Commercial property rent reviews – it’s all in the wording

REAL ESTATE costs are often one of a company’s largest expenses, and as businesses face increasing cost pressures elsewhere, including wages, energy and materials, it is more important that never to make sure they are negotiating the right commercial property lease. When entering into a new commercial lease, the initial rent is negotiated and agreed […]

Commercial property

Top 5 New York Industrial Building Sales — January 2022

PropertyShark has compiled the best deals in town for the area. Source: PropertyShark, a company of Yardi Systems Inc. PropertyShark has compiled the best deals of the month in New York for the sector. 50-35 56th Road, QueensSelling price: $132,000,000 Realterm Logistics has acquired the last mile warehouse totaling 140,000 square feet in the Maspeth […]

Commercial property

Cohen and ASB pay $130 million for Greater Phoenix asset

Landing 3. Image courtesy of Cushman & Wakefield A subsidiary of Cohen Asset Managementin partnership with ASB Real Estate Investmentspaid $130 million for Landing 3, a seven-building, 525,342-square-foot industrial property in Mesa, Arizona. The joint venture of Martens Development Co.formerly known as Marwest Enterprisesand Dune Real Estate Partners sold the Class A asset. According to […]

Commercial property

Kennedy Wilson receives $300 million investment

Waverleygate office building, Edinburgh, UK Image courtesy of Kennedy Wilson and Fairfax Financial Holdings Ltd. Global real estate investment firm Kennedy Wilson and Fairfax Financial Holdings Ltd. expand their longstanding relationship with Fairfax by agreeing to make a $300 million strategic preferred stock investment in Kennedy Wilson. Kennedy Wilson, a Beverly Hills, Calif.-based company, plans […]

Commercial property

Why it’s never too late to winterize your office building

Kenneth A. Travers As the holiday glow fades, building owners and property managers need to consider the cold, hard truth of winter: it can be the longest three months of the year. Freezing temperatures, ice, and unpredictable storms pose serious risks to office buildings and the workforce. Whether the sales team is in-person, hybrid or […]

Commercial property

Space, travel, location: reassessing office markets

Daniela Alvarado As the COVID-19 pandemic continues to be a fact of office life, businesses across all industries are considering the benefits of locating office space in urban centers versus suburban areas. For some sectors, cities continue to be an attractive place to locate offices. Others enjoy the benefits of space and shorter travel distances […]

Commercial property

Top 5 emerging industrial markets

The industrial sector had another solid year in 2021, propelled by the continued growth of e-commerce. At the end of November 2021, over 300 million square feet of industrial space was under construction across the country and despite the large active pipeline, demand is also expected to be very strong in 2022. This trend has […]

Commercial property

Eli Lilly Inks Lease for $700 Million Life Science Project

15 Necco Street, Seaport Innovation District. Image courtesy of Alexandria Real Estate Equities Inc. Alexandria Real Estate Equity Inc. has signed Eli Lilly and Co.. to a full build lease of 334,000 square feet at 15 Necco St., the REIT’s life sciences project in Boston’s Seaport Innovation District. The renowned healthcare company will invest around […]

Commercial property

Medical office buildings remain resilient

Highlights from CommercialEdge’s latest report include a growing shift in investor focus towards this strong sub-sector. The medical practice sub-sector has shown its recession-proof potential since the onset of the pandemic, with a growing number of institutional investors and REITs focusing their efforts on one of the best-performing sub-sectors in the world. real estate sector. […]

Commercial property

Commercial Property Lawyer – Senior Partner (7+ PQE) – Orpen Franks

Commercial Property Lawyer – Senior Partner (7+ PQE) Commercial Property Lawyer – Senior Partner (7+ PQE) Full time or part time The company Orpen Franks LLP is a boutique law firm with a strong and diverse clientele with over 200 years of industry experience. Working with a variety of clients ranging from individuals to large […]

Commercial property

Asian Commercial Property Poised to Reach All-Time Investment Highs | Partner content

As many markets across Asia usher in the Lunar New Year, the Year of the Tiger is expected to see some downturns throughout 2022. Some of the many risks facing investors include the possibility of another variant of Covid -19 as well as intense competition. driving up capital values ​​in a cash-filled market. But as […]

Commercial property

Investors regain appetite for commercial real estate investment in Asia-Pacific

As the volume of commercial real estate investments in Asia-Pacific increased by 30% year on year (year-on-year) to reach $140 billion last year, the international real estate consultancy CBRE forecasts a further increase of 5 % to 10% to around $150 billion (RM628 billion). ) in 2022. “If this were to be achieved, it would […]

Commercial property

Energy upgrades to commercial properties could cost over £30billion

The road to net zero is paved with additional costs for Britain, including the amount of money it will take to upgrade commercial property, in the industrial sector alone. Achieving a ‘B’ grade under the 2030 Minimum Energy Efficiency Standards (MEES) requirements for UK industry, manufacturing, logistics and warehousing building stock has cost up to […]

Commercial property

Commercial real estate investment market expected to surpass 300 billion yuan nationwide

China’s commercial real estate investment market is expected to surpass the 300 billion yuan ($47.37 billion) mark in 2022, according to the latest forecast from global real estate consultancy CBRE. The achievement will extend the market’s double-digit growth phase for another year amid continued improvement in buyer and seller sentiment, CBRE said. Block real estate […]

Commercial property

Colliers: Scottish commercial property investment up 50% in 2021

Investment in Scottish commercial property reached £2.2bn in 2021 according to the latest Scotland Snapshot from Colliers. The Aurora building in Glasgow This figure represents an improvement of almost 50% on the £1.4 billion recorded in 2020 and is above the 10-year average of £2 billion. Retail, which has seen a rebound in investment, saw […]

Commercial property

Industrial Capital Must Stay Abundant: Q&A with CBRE

Chris Riley, President of Industrial and Logistics Capital Markets, CBRE. Image courtesy of CBRE With the unprecedented need for warehouse and distribution space in the United States during the pandemic, the industrial sector has quickly become the haven for commercial real estate, creating competition between investors, developers and lenders. As logistics and e-commerce continue to […]

Commercial property

DivcoWest lands $145 million refi for LA tower

655 N Central Ave. DivcoWest has reached a $145 million refinancing deal for Glendale Plaza, a 24-story office tower in Glendale, Calif., according to Online ReBusiness. CBRE helped negotiate the five-year floating rate note on behalf of the borrower. The funding will retire a $120 million loan that AXA Equitable Life Insurance Co. provided in […]

Commercial property

JV secures $260 million Refi for mixed-use project in Philadelphia

Eastern market. Image courtesy of JLL A joint venture between National Real Estate Advisors, JOSS real estate partners, SSH and young capital secured a $260 million refinancing loan for East Market, a multi-phase, mixed-use project in Philadelphia. Pacific Life Insurance Co. provided the funding, while JLL Capital Markets represented the joint venture. East Market, stretching […]