Residential propety

M&G Real Estate Adds 30 Residential Assets in Japan to Asia Fund | News

M&G Real Estate has purchased a portfolio of 30 residential assets in the Japanese hub cities of Tokyo, Osaka and Nagoya for 49.2 billion yen (372 million euros). The assets will be held in the M&G Asia Property Fund and the deal brings M&G Real Estate’s multi-family assets under management in Japan to 109.3 billion […]

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 […]

Residential propety

Over $750,000 in energy efficiency grants for low-income residential projects

SPRINGFIELD, Ill. (WCIA) – Illinois Environmental Protection Agency (Illinois EPA) Director John J. Kim announced that the Office of Energy has awarded $789,398 in grants to three low-income residential properties in Illinois. “The cost of energy is a significant burden for many families in Illinois. This investment in low-income single and multi-family residences will have […]

Residential propety

HG Fenton Residential Communities Leased

Mission Valley-based HG Fenton Company, which oversees more than 3,500 apartments in the San Diego area, recently won several accolades related to this business. Nine of its rental communities have received the 2021 Top Rated Community Awards from ApartmentRatings, an El Segundo company. Honored communities include Bella Del Mar Apartments, BLVD North Park, Club River […]

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

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 […]

Industrial property

Hunt Midwest Completes Sale of 322,000 Square Foot Industrial Property in Louisville

Kansas City-based commercial real estate company Chasing the Midwest recently completed the sale of Blankenbaker Logistics Center, a 322,831 square foot industrial transhipment project, in Louisville, Kentucky, for $43 million. The buyer was Bixby Land Company, a private REIT based in Newport Beach, Calif. Piston Automotive signed a full construction lease prior to construction completion. […]

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 […]

Residential propety

Sicamous Council Supports Rezoning of Six-Story Commercial/Residential Building on Highway 1 – Salmon Arm Observer

Sicamous Council unanimously supported a zoning amendment to allow construction of a six-story apartment building on the Best Western property along Highway 1. The amendment consists of changing the zoning of the property, located at 806 Trans-Canada Highway, from C2, commercial tourist highway, to C2A, residential commercial tourist highway. The applicant wishes to construct a […]

Industrial property

Plans to redevelopment of existing Beltline Trail industrial property move forward

the Atlanta Zoning Review Board reviewed and recommended approval of a property rezoning application submitted by Jefferson Beltline LLC. Plans include the rezoning of a 1.03 acre parcel to construct a mixed-use development and related accessory uses. The current industrial zoning designation does not permit multi-family residential or commercial uses. Sign up now to receive […]

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 […]

Residential propety

Connecticut’s lagging residential construction is hurting affordable housing supply, experts say

Shaurice Bacon feels stuck in her home, an apartment with not enough space for her family. She lived in public housing in Bridgeport for two decades. She researched other low-cost apartments, applied to housing choice voucher programs, and explored rent-to-own options. She expanded her search to include Hartford, New Haven, New Britain and anywhere in […]

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 […]

Industrial property

Proposed mixed-use development on industrial property

Proxima 2085 Development Marietta LLC submitted plans to City of Atlanta requiring the rezoning of properties located within 2051, 2085 and 2095 Marietta Blvd.. The rezoning would allow the property to be redeveloped into a mixed development within the 6,712 acre collective parcel. In addition, the developer is requesting a full development plan amendment to […]

Industrial property

Covington council approves sale of industrial property for $1.75 million

COVINGTON, Ga. – Covington City Council members have unanimously approved the sale of nearly 35 acres of industrial property to Newton Investments, LLC. The 34,928-acre property, part of the Covington/Newton County Industrial Park, is located adjacent to Georgia Hwy. 142, will sell for $50,000 an acre, for a total of approximately $1.746 million. Since the […]

Commercial property

Metro Detroit did not follow the national trend of record sales of commercial properties in 2021

The volume of commercial real estate transactions reached record highs nationally last year, but not in the Detroit metro area. That’s not to say 2021 has been a bad year for real estate deals in the city — quite the contrary, experts say, as deals, by dollar volume, last year were the fourth highest since […]

Commercial property

Related fund management closes debt fund at $792 million

The alloy block. Image courtesy of Alloy Development Management of related funds reached the final close of Related Real Estate Debt Fund LP (RDF), with capital commitments of $792 million, exceeding its target of $750 million. The fund is a real estate lending vehicle that provides debt financing, structured in the form of full first […]

Commercial property

Rockefeller Group joint venture to develop office real estate in Denver

North River Paradigm. Image courtesy of Rockefeller Group and Jordon Perlmutter & Co. Construction is set to begin later this month on Paradigm River North, an eight-story, 200,000-square-foot mixed-use office building in Denver’s River North Art District. Also known as 3400 Walnut St., the project is being developed by a joint venture of Jordan Perlmutter […]

Commercial property

RXR and Hudson Realty Capital Launch Joint Lending Transaction

Image courtesy of Gerd Altmann via Pixabay.com RXR and Hudson Realty Capital merge their lending activities to create RXR-Hudson, a strategic commercial real estate lending platform that plans to lend more than $2 billion over the next few years in sectors with high investor demand and favorable demographics, including housing, industrial and healthcare. The lending […]

Residential propety

For the attention of owners and tenants of commercial and multi-residential buildings – Real estate and construction

United States: To Landlords and Tenants of Commercial and Multi-Residential Buildings January 31, 2022 Cullen and Dykman To print this article, all you need to do is be registered or log in to Mondaq.com. For owners and tenants of commercial or multi-family residential properties in Nassau County or New York, now is the time to […]

Residential propety

STARLIGHT US RESIDENTIAL FUND ANNOUNCES CORRECTION TO JANUARY 2022 DISTRIBUTIONS

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISTRIBUTION IN UNITED STATES./ TORONTO, January 28, 2022 /CNW/ – Starlight U.S. Residential Fund (TSX.V: SURF.A) (TSX.V: SURF.U) (the “Funds“) today announced its January 2022 the amounts of cash distributions on its outstanding Class A, Class C, Class D, Class E, Class F, Class G, Class I […]

Industrial property

Residential and industrial real estate will attract most investment in 2022, says Savills

Residential and industrial real estate will be the strongest real estate investment asset class in the world in 2022, according to research from consultancy Savills. Global real estate investment volumes rose 38% to $1.3 trillion in the 12 months to November 2021, compared to the corresponding period in 2020, Savills said, as a growing number […]

Commercial property

RICS: Growing UK commercial property investment demand higher than before pandemic

Property experts have seen positive moves in commercial property investment trends in the fourth quarter as landlords continue to diversify the way we use office space, according to the latest RICS Global Commercial Property Monitor . Across all sectors, investment demand increased for the fourth consecutive quarter, leading to higher capital value expectations for the […]

Residential propety

To the attention of owners and tenants of commercial and multi-residential buildings

For owners and tenants of commercial or multi-family residential properties in Nassau County or New York, now is the time to apply for tax debt relief from your property. Property taxes are one of the largest expenses associated with owning or renting a property. Reducing these expenses is even more critical in the current economic […]

Residential propety

Huntsville is issuing over 60% more residential building permits in 2021

HUNTSVILLE, Ala. (WAFF) – With the release of the 2021 Huntsville Development Review on Wednesday, the City of Huntsville’s Long Range Planning Division announced continued growth in the city. The Huntsville Development Review is an annual compilation of construction and real estate data published by the City of Huntsville. This data allows city officials to […]

Residential propety

BRENHAM CITY COUNCIL HEARS RESIDENTIAL NEEDS ASSESSMENT AND APPOINTS AIRPORT LIAISON

Brenham City Council received new data today (Thursday) to help address housing availability in Brenham. Brenham’s Director of Economic Development, Susan Cates, presents the results of a residential needs assessment to Brenham City Council on Thursday. Brenham’s director of economic development, Susan Cates, provided council with details of a residential needs assessment. The study was […]

Industrial property

814 housing units proposed for industrial property in Port Covington

Today at the Baltimore Department of Urban Planning’s Urban Design and Architecture Advisory Committee (UDAAP), 28 Walker and its development partners, K. Hovnanian Homes and Greystar, presented a master plan for 814 accommodations in Port Covington. The development will replace Locke Insulators’ former 25-acre property at 2525 Insulator Dr. The Locke Insulator Company built its […]

Residential propety

Financing residential investment property in Japan during the pandemic

Since the start of the pandemic, banks were rumored to be limiting lending to individual investors seeking to purchase properties in Japan. With over 2 years of the pandemic, it’s worth looking back and seeing what really happened to lending for the buy-to-let segment during these unprecedented times. Before we begin, please note that the […]

Residential propety

Alliance Residential Company buys three acres for 279-unit Prose Mccullough resort in University City neighborhood

CHARLOTTE, NC – Alliance Residential Company, one of the nation’s largest multi-family developers, has closed on 2.92 acres located at 8430 N. Tryon Street in Charlotte, NC for the development of Prose McCullough Station, a 279-unit apartment community just steps from the LYNX Blue Line light rail station after which the apartment community is named. […]

Commercial property

Preliminary report shows rise in residential and commercial property values ​​in Meriden

MERIDEN – Recent preliminary citywide property assessments show an overall increase of 6% in commercial property values ​​in the city. The reported increase comes as Municipal Valuation Services, LLC, the Fairfield-based company contracted to perform the revaluations, is expected to begin holding informal hearings with residential and commercial landlords on its preliminary valuations beginning Jan. […]

Residential propety

New York-based developer completes acquisition of Westside residential development site

Tishman Speyer will begin construction in late 2022 on its first residential project in the Los Angeles area By Sam Catanzaro A New York-based developer has completed its first LA-area acquisition, which will bring 620 apartments and 31,000 square feet of retail to eight new Westside buildings. On January 3, Tishman Speyer announced that it […]

Residential propety

VCBank Completes Successful Exit of US Westhaven Multi-Family Residential Assets, Provides 54% Return on Investment to Investors

Manama, Bahrain: Venture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, today announced its successful exit from a real estate portfolio in the US multi-family residential sector. With a gross sale value of $ 116.5 million, this release generated a return on investment (ROI) of 54 percent; and provided […]

Residential propety

New York-based developer completes acquisition of major residential development site in Santa Monica

Tishman Speyer to begin construction at the end of 2022 on his first residential project in the Los Angeles area By Sam Catanzaro A New York-based developer has completed its first acquisition in the Los Angeles area, which will bring 620 apartments and 31,000 square feet of retail to eight new buildings in downtown Santa […]

Commercial property

First Street Foundation and Arup Release Report Providing Business Owners with New Data to Better Prepare for Floods

BROOKLYN, NY and SAN FRANCISCO, December 13, 2021 / PRNewswire / – A new report from First Street Foundation and global engineering and consulting company Arup provides new perspectives for communities at risk of flooding. While previous Studies conducted by the First Street Foundation have provided data on flood risk for individual homeowners, this report […]

Industrial property

Industrial property near Beltline Trail ready for mixed-use redevelopment

Last month, Jefferson Beltline LLC has applied for the rezoning of a 1.03 acre parcel to construct a mixed-use development and associated ancillary uses. The current industrial zoning designation does not allow multi-family residential or commercial uses. Sign up now to receive our daily news alerts Unsubscribe at any time Neighborhood Planning Unit – K […]

Industrial property

Adams County industrial estate and empty parking lot sells for $21 million

One person’s vacant parking lot next to the freeway is another person’s real estate score, as a $21 million property sale in Adams County shows. IG Logistics bought the Lipan Street industrial park for that sum earlier this summer, according to Cushman & Wakefield, the property firm that worked with the buyer. The approximately 34-acre […]

Industrial property

State-owned industrial property along the US 75 corridor changes hands

Based in Dallas Capital of Preston Forrest redirects its focus from commercial real estate to industrial. The company purchased a 518,700 square foot industrial property at 1400 W. FM 1417 from Sherman for an undisclosed price. The property sits on 70 acres and is located 40 miles north of Dallas-Fort Worth, west from U.S Highway […]

Industrial property

Industrial Property Plunges in East Tennessee

Jay Cobble | Guest columnist “Be the first,” says real estate agent Laura Slyman when buying a home Realtor Laura Slyman of Slyman Real Estate says to be first and be quick when bidding on a home in a competitive real estate market. Knoxville News Sentinel A young commercial real estate broker’s dream is a […]

Industrial property

Exeter buys Miami Gardens industrial property for $14 million

Edward “Ward” Fitzgerald, CEO of Exeter Property Group, and the Miami Gardens property. (Google Maps, Exeter) Exeter Property Group has purchased an industrial building in Miami Gardens occupied by RC Home Showcase for $13.5 million. The Conshohocken, Pa.-based commercial real estate investor, developer and manager purchased the property at 16115 Northwest 52nd Avenue from K2 […]

Industrial property

Alliance HP spends $17 million on Lake Worth industrial property

HP Alliance Founders Richard Previdi and Clay Hamlin III with 7233 Seacrest Boulevard, Lake Worth (Alliance) UPDATE, February 26, 5:40 p.m.: Alliance bought a warehouse on nearly 16 acres of industrial land in Lake Worth for $17 million. Alliance 7233 Seacrest LLC purchased two properties at 7233 Seacrest Boulevard and 7109 Seacrest Boulevard at 7233 […]