Commercial real estate

New EG Report Shows Most Sought After Locations and Sectors in the Commercial Real Estate Market

Retrieved on: 
Monday, September 6, 2021

Using enquiry data from EG Propertylink, the report explores how location and sector priorities of commercial space have shifted this year.

Key Points: 
  • Using enquiry data from EG Propertylink, the report explores how location and sector priorities of commercial space have shifted this year.
  • Key findings from the report include:
    London has remained dominant in the office market despite occupiers and investors scoping out new locations.
  • EG is an established provider of data, news and analytics products and services for the commercial real estate market.
  • EG products and services address the challenges and the data demands of all sectors and industries within UK commercial real estate.

Parkaze and HqO announce a partnership to improve tenant parking experience at commercial workplaces

Retrieved on: 
Wednesday, August 4, 2021

BOSTON , Aug. 4, 2021 /PRNewswire-PRWeb/ -- Parkaze, the parking software startup for residential and commercial real estate, and HqO, the premier end-to-end tenant experience provider for office buildings, have partnered to deliver a safe tenant parking experience for the Commercial Real Estate (CRE) industry.

Key Points: 
  • BOSTON , Aug. 4, 2021 /PRNewswire-PRWeb/ -- Parkaze, the parking software startup for residential and commercial real estate, and HqO, the premier end-to-end tenant experience provider for office buildings, have partnered to deliver a safe tenant parking experience for the Commercial Real Estate (CRE) industry.
  • The integration of Parkaze's platform with the HqOs Tenant Experience Platform brings together unparalleled parking management and enriched tenant experiences that enable CRE owners and operators to offer an omni-channel digital experience for tenants.
  • "Effective parking and transit solutions like Parkaze are core elements to a tenant's daily office experience," said Reid Snyder, HqO's Head of Partnerships.
  • The world's leading commercial real estate firms count on HqO to help them deliver a state-of-the-art tenant experience within their properties.

Sentinel Real Estate Corporation Acquires 276-Unit Apartment Community in Jacksonville, Florida

Retrieved on: 
Monday, August 2, 2021

Sentinel Real Estate Corporation (Sentinel) announced today the acquisition of Bainbridge Town Center East, a 276-unit multifamily property in Jacksonville, Florida.

Key Points: 
  • Sentinel Real Estate Corporation (Sentinel) announced today the acquisition of Bainbridge Town Center East, a 276-unit multifamily property in Jacksonville, Florida.
  • Over its 51-year history, Sentinel has acquired a national portfolio of multifamily real estate on behalf of domestic and international institutions.
  • Established in 1969, Sentinel Real Estate Corporation is a New York City-based independently owned real estate investment management firm.
  • The firms portfolio currently comprises over 26,000 apartment units and 5.5 million square feet of commercial real estate.

Another Breakthrough Investment for Sealy & Company

Retrieved on: 
Thursday, July 29, 2021

We remain focused on our proven investment strategy focused on industrial infill properties which continue to prevail in the market, says Scott Sealy, Jr., Sealy & Companys Chief Investment Officer.

Key Points: 
  • We remain focused on our proven investment strategy focused on industrial infill properties which continue to prevail in the market, says Scott Sealy, Jr., Sealy & Companys Chief Investment Officer.
  • Sealy & Companys Investment Services team, led by Jason Gandy, Managing Director Investment Services, and Christopher Martin, Associate Investment Services, executed the purchase of the property directly from Kole Management Company.
  • Sealy & Company, a fully-integrated commercial real estate investment and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouses, industrial/flex, and other commercial properties.
  • Sealy & Company has an exceptional team of over 100 employees, located in eight offices, with corporate offices in Dallas, TX and Shreveport, LA.

Former New York City Commercial Real Estate Financier Scoots Back to Tampa to Deliver $17.5mm of Capital for Build-for-Rent Community

Retrieved on: 
Tuesday, July 27, 2021

While in New York, Efron also obtained a masters degree from New York University (NYU) in Real Estate Finance and Investment.

Key Points: 
  • While in New York, Efron also obtained a masters degree from New York University (NYU) in Real Estate Finance and Investment.
  • In his free time, Efron combined his passions for real estate and adventure by creating Real Estate Adventure Club, a social networking club for people that are interested in commercial real estate and outdoor adventures.
  • In addition to Real Estate Adventure Club , in Efrons free time, he enjoys making educational real estate videos about real estate finance and investment.
  • Skylatus is a real estate debt and equity brokerage firm created by Randy Efron, a former real estate private equity owner and lender.

FCPT Announces Acquisition of a Dual-Tenant Aspen Dental / Starbucks for $3.4 million

Retrieved on: 
Friday, July 23, 2021

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4 million.
  • The properties are located in a strong retail corridor in Illinois and are under long term net leases with each brands corporate tenant.
  • The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

iStar Sets Second Quarter 2021 Earnings Release Date and Webcast

Retrieved on: 
Monday, July 12, 2021

iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties.

Key Points: 
  • iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties.
  • As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market.
  • Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.
  • Additional information on iStar is available on its website at www.istar.com .

Jason Lee Launches The Multifamily Millionaire: Real Income From Real Estate Podcast

Retrieved on: 
Monday, July 12, 2021

Guests on The Multifamily Millionaire include real estate investors and professionals who have achieved massive success in this business.

Key Points: 
  • Guests on The Multifamily Millionaire include real estate investors and professionals who have achieved massive success in this business.
  • About Jason Lee and JLM Real Estate, Inc:
    JLM Real Estate is a commercial real estate team focusing on multi-family sales and 1031 exchanges in San Diego County.
  • Jason, the founder, started in real estate when he first met the owner of a real estate brokerage during a networking event at San Diego State University.
  • The team at JLM Real Estate are passionate about helping their clients maximize their net worth, creating better lives through intelligent real estate investing, and finding their clients the best off market properties.

Cap Rates For Net Lease Retail and Industrial Properties Rise - The Boulder Group

Retrieved on: 
Thursday, July 1, 2021

In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.

Key Points: 
  • In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.
  • Single tenant retail cap rates increased by 11 basis points to 6.02% while industrial increased by 18 basis points to 6.89%.
  • "Following a quarter of historic pricing for the net lease sector, owners of lower quality assets brought properties to the market in attempt to take advantage of current cap rate levels," says Randy Blankstein, President, The Boulder Group.
  • To view the full report: https://bouldergroup.com/media/pdf/2021-Q2-Net-Lease-Research-Report.pdf
    The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties.

Zoned Properties Appoints Berekk Blackwell as Chief Operating Officer, Expanding its Executive Team and Commercial Real Estate Services

Retrieved on: 
Thursday, July 1, 2021

With the recent advancement of the Companys growth divisions, Blackwell will oversee Zoned Properties Commercial Real Estate Advisory, Brokerage, Franchise, and PropTech Data services.

Key Points: 
  • With the recent advancement of the Companys growth divisions, Blackwell will oversee Zoned Properties Commercial Real Estate Advisory, Brokerage, Franchise, and PropTech Data services.
  • Blackwell will continue to expand Zoned Properties team of Senior Advisors across the country in tandem with overall business development.
  • We plan to leverage common best practices from these various emerging sectors to drive momentum across each of the operational divisions for Zoned Properties, said Berekk Blackwell, Chief Operating Officer for Zoned Properties.
  • Berekk has been absolutely essential to the launch of Zoned Properties advanced client offerings and our collection of growth services.