Posts in tag

square feet


Cushman & Wakefield | Thalhimer reports the following sales: TowneBank purchased the 8,000 square foot former bank branch located at 11704 W. Broad St. in Henrico from Short Pump Town Center LLC for $2.25 million and signed a 20-year ground lease to serve as a local bank office . Danny Holly handled the negotiations on …

Lillie Walsh Dudley and Andy Dudley wanted to own. The couple, who have a 5-year-old son, had rented in South Slope since 2014. They started looking for something to buy about three years ago. “Even though we’re not rolling in cash, we had a bit of savings,” said Ms Dudley, 41, who works in book …

Mumbai’s property market, which accounts for 10% of national volumes, 23% of sales and a third of margins, is on the cusp of a historic bull cycle on all fronts, having already hit a ten-year high in new or primaries in 2021 selling 38,000 units despite pandemic-induced disruption, report says. It has …

A future Starbucks and a new Chipotle are among the latest announcements of new retail and restaurant businesses coming to the City Place development this spring. The Starbucks is currently under construction and is expected to open in early summer, said CDC Houston development associate Andrew Giammalva. Retail Packing: Tim Hortons begins Texas expansion in …

Ford Motor Co. announced a chief executive Monday to lead Michigan Central, the mobility district the Dearborn automaker is developing in Corktown, anchored by Michigan’s former Central Station. Joshua Sirefman, 54, co-founder and former president of New York-based Sidewalk Labs — Google’s parent company Alphabet Inc.’s smart city projects — was tapped for the role. …

The past month has been brutal for investors. The stock market fell as inflation fears led investors to worry that interest rates could rise sharply in 2022. While tech stocks suffered the brunt of the impact – companies at strong technological component Nasdaq Composite Index plunged 10% in January – real estate stocks also fell, …

New London – Continuing on a path that was long inevitable, The Day Publishing Co. is putting its 115-year-old building at 47 Eugene O’Neill Drive up for sale, the first step in the company’s eventual move to another location, as – downtown location still undetermined. “We are committed to staying in downtown New London,” said …

BESTSELLERS No. 1: Lakeridge IP 3 LLC bought 52,126 square feet at 10463 Wilden Drive in Hanover for $5.2 million from KOMO S.A.R.L.. Kevin Cox with Porter Realty Co. represented the seller. No. 2 (tied): Hopewell LLC bought 51,141 square feet at 600-609 Elm Court in Hopewell for $3.4 million from Harlan Enterprises. Robert Porter …

TAUNTON, MA – Marcus & Millichap announced the sale of two industrial properties in Taunton, Massachusetts. Harrison Klein, Mark Lyman and James Manning, investment specialists from Marcus & Millichap’s Klein Group, had the exclusive listings to market the properties. The team also secured buyers. Harrison Klein comments: “These two separate closings are indicative of the …

TORONTO and MONTREAL, Jan. 18, 2022 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (TSX: NXR.UN) (“Nexus” or the “REIT”) provides an update on the acquisition and announces its intention to change its name for Nexus Industrial REIT. “2021 has been a very active year for the REIT. We significantly expanded our industry portfolio and …

An ocean-view home in Flagler Beach was the top real estate deal of the week Dec. 9-15 in Flagler County in the Multiple Listing Service. Larry and Lauren Hiss, individually and as trustees, sold 1328 S. Ocean Shore Blvd. to William and Frances Mino, and Jeffrey and Rosebel Mino, of Randolph, New Jersey, for $1,775,000. …

OAKLAND – A former glass factory site in Oakland heading for Wrecking Ball and redevelopment has been seized by a seasoned real estate company who has come up with a property overhaul. Duke Realty plans a major property development in Oakland’s Fruitvale neighborhood through the demolition and replacement of the old Owens-Brockway glass factory, according …

kelly.garrity Boston.com Staff December 28, 2021 2:34 P.M. From a former fire station converted into a gorgeous single-family home in Swampscott to a cozy ranch in Reading, here are our favorite home of the week properties in 2021: Status Under agreement List of prices $ 615,000 Style Mid-Century Modern Ranch Bedrooms 4 Thermal baths 2 …

Residential sales are experiencing a recovery after the second wave of Covid infections despite an increase in prices for end users. On the other hand, commercial real estate, which includes office space, is expected to experience better absorption in 3 to 6 months, as people return to the office after the effects of the Omicron …

A California real estate investor is in talks to acquire an iconic downtown Dallas skyscraper. The 50-story Trammell Crow Center on Ross Avenue has been a preferred business address since the postmodern-style tower opened in 1985. The 1.1 million square foot office tower was recently listed for sale after a $ 135 million renovation. Regent …

An aerial view shows the Crystal Lakes apartments pictured. (Courtesy of Levco Management) In its biggest deal yet, a local real estate company that turned to larger apartments bought a sizable complex in Chesterfield – paying almost four times what it last sold. times four years ago. Richmond-based Levco Management purchased the 716 Crystal Lakes …

MOUNT PLEASANT – Chicago-based HSA Commercial Real Estate has leased space in its Park 94 building, 1570 International Park Drive, here from medical supplies and device company Typenex Medical LLC. Typenex Medical signed a custom construction lease for 41,310 square feet. The company is expected to occupy the space in March 2022, according to an …

MELVILLE, NY, December 8, 2021 / PRNewswire / – Mixed Market Signals Highlight the Need for Turnaround and Restructuring Professionals to Focus Even More on Data and Analytics in Commercial Real Estate Projects, Writes André Graiser, co-chair of A&G Real Estate Partners, in the December issue of the Journal of Corporate Renewal (JCR). Graiser: “One …

WORCESTER, Mass., December 1, 2021 / PRNewswire / – With a portfolio that is growing rapidly across Massachusetts and the Greater Washington Area, The Menkiti Group, an integrated real estate services company based in Washington DC with additional offices in Worcester, MA, named Mike McElaney as the new vice president of commercial real estate. McElaney …

Welcome back to the Real Estate newsletter, which this Thanksgiving week finds celebrities and foreign investors with plenty to be thankful for. Matt Damon is grateful to his real estate agent, who helped sell his Pacific Palisades mansion to the CEO of Warner Bros. Ann Sarnoff for $ 18 million. It’s a nice holiday bonus …

How many new residential units would it take to solve Traverse City’s housing crisis? This is a question that many local players have spent 2021 trying to answer, and this is why this year has seen the discussion, proposal, approval and inauguration of so many different housing projects. To help readers keep track, The teleprinter …

Then there was a 35-year-old technician in Long Beach, Calif., Who bought a house in Round Rock for $ 300,000 last October. In January 2021, it was worth around $ 400,000; in February he bought two more. His winning offers were two of the dozen that his real estate agent, a former stock trader who …

BEVERLY HILLS, California, November 02, 2021– (BUSINESS WIRE) – Kennedy Wilson and the real estate business of Goldman Sachs Asset Management have acquired Arista Uptown, a 272-unit garden-style apartment community in Broomfield, Colo. For $ 95 million, excluding closing costs . Completed in 2012, the property spans seven acres equidistant from Boulder and Denver and …

JERICHO, NY, October 27, 2021– (BUSINESS WIRE) – Kimco Realty Corp. (NYSE: KIM) announced today that it has acquired the remaining 70% stake in a portfolio of six Sunbelt area malls anchored by Publix from its existing joint venture partner, Jamestown, for a price of gross purchase of $ 425.8 million. Kimco subsequently entered into …

The five most expensive homes in East Peoria are listed by five different real estate agents. Other than two of the homes located along Illinois Highway 116, overlooking the Illinois River Valley, there does not appear to be a specific concentration area for these homes. One common feature is that all five are adjacent to …

REDWOOD CITY, California, 25 October 2021 / PRNewswire-PRWeb / – Freshwater Investments, a Bay Area-based real estate investment company, is pleased to welcome Ryan pasquale as Director of Acquisitions and Asset Management to his growing team. He will play a key role in identifying, evaluating and recommending multi-family acquisition opportunities in all markets of interest …

If there’s one lesson Wall Street is always ready to teach, it’s the value of patience. For example, despite the reference S&P 500 losing a third of its value in about a month during the first quarter of 2020, the widely followed index has since doubled. Buying stakes in large companies and allowing your investment …

Leon Backes (pronounced BACK-us) has the kind of career in real estate that would make a great movie. Imagine the oldest in a family of nine from a small town in Missouri traveling to Dallas in the late 1980s in a Panama Brown Volkswagen Rabbit with no air conditioning. Did I tell you it was …

PHOENIX – The owner of many malls in the Phoenix metro area plans to add three more to the Valley after a more than a decade hiatus in retail development. Vestar announced Tuesday that two new shopping centers are planned in Queen Creek and one in Peoria, areas that have seen rapid housing growth and …

Clockwise from middle left: Justin Diamond, Evan Rugen, Randy Baruh, Alexander Zakharin, Madison Sutton, Christina Kremidas and Sonia Alamond. Photo: Alexei Hay Madison Sutton had only been a real estate agent for about six months when the city closed its doors. Hardly anyone was looking for apartments in Manhattan, and Sutton, now 25, was surviving …

The growing number of COVID-19 cases this summer has prompted Denver subway employers to press the pause button on worker return plans, contributing to a continued rise in the area’s office vacancy rate, according to one update. third quarter update from Newmark, a commercial real estate brokerage. “Tenants are closely monitoring the impacts and remain …

SCOTTSDALE, Arizona., October 11, 2021 / PRNewswire / – Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA” and “the Company”) today issued the following statement in response to a letter issued by Elliott Investment Management (“Elliott”) . HTA’s board of directors and management team are committed to acting in the best interests of the company …

San Francisco-based real estate company to use Void Analysis, Retail Match and other real estate analysis tools from SiteSeer Pro BOISE, Idaho, October 11, 2021 / PRNewswire-PRWeb / – SiteSeer Technologies, creator of SiteSeer Professional site selection software and Void Analysis Pro, has announced a new user of the SiteSeer Pro platform: Sansome Pacific Properties, …

About a fifth of San Francisco offices were vacant at the end of the third quarter of the year, but the strongest rental activity in two years suggests the start of a market recovery, experts say. The city’s vacancy rate was 20.5%, up slightly from 20.1% in the previous quarter and 14.1% for the third …

Cheshire Cheshire, in Oak Park, is a new build boutique development listed exclusively by Berkshire Hathaway HomeServices Chicago. Located on Washington Boulevard, the property is close to Oak Park Avenue and downtown Oak Park. In addition to its central location, Cheshire is also close to public transport stops for the CTA and the Metra. The …

The housing market inventory is low right now. Historically low. According to National Association of Real Estate Agents Sales of existing homes report in August, inventories were down 13.4% from the previous year. Low inventory means less choice for home buyers, but for years enterprising real estate agents have worked under tight market conditions looking …

WEST PALM BEACH, Florida – (COMMERCIAL THREAD) – Wheelock Street Capital has announced the acquisition of the Ben – West Palm Beach, a 208-room Marriott luxury hotel located at 251 N Narcissus Avenue in West Palm Beach, Florida. Purpose-built in 2020 as the first Marriott Autograph Collection hotel in Palm Beach County, the 208-room property …

through: Alix martichoux, Nexstar media wire Posted: Oct 2, 2021 / 11:57 AM EDT / Update: Oct 2, 2021 / 11:57 AM EDT DALLAS (NEXSTAR) – The Dallas home of former Cowboys player Emmitt Smith is back in the market at $ 2.2 million. This price doesn’t just reflect the specifications of the home, the …

September 30, 2021 Iconic real estate developer Rusty Lyon Jr. wanted to help future generations pursue their educational and professional dreams. One way he did is through what he knew best – real estate. Lyon was a real estate visionary who began his career at his father’s brokerage, Russ Lyon Realty, after serving as an …

AES drilling fluids, a supplier of drilling fluid systems and products across the United States, has leased 27,614 square feet at 575 N. Dairy Ashford in the West Houston Energy Corridor. The office will house the company’s head office and a state-of-the-art laboratory. Griff Bandy and Joe Bright of NAI Partners represented the tenant. Steve …

Fillmore City Council members voted last week to hold a public hearing on Oct. 5 regarding the potential sale of two pieces of city property to real estate developers. A developer is prepared to pay fair market value for 2.24 acres of municipal land north of the Bureau of Land Management office. Another group, however, …

Two law firms, two real estate services firms and three other companies signed leases totaling 48,345 square feet at 230, avenue du Parc, learned Commercial Observer. The businesses took place on six different floors of the 34-story tower on Park Avenue between 45th and 46th streets. Rents charged ranged from $ 75 to $ 100 …

Ford Motor Co. sold some of its holdings in Detroit’s Corktown neighborhood last month to a new joint venture featuring a trio of big-name commercial real estate. In a joint venture called Corktown Mobility Hub LLC, Howard Luckoff, Jim Ketai and the Rakolta family bought the 1,250-plus parking lot – the group calls the Bagley …

An out-of-state couple paid $ 5.1 million in cash for a beachfront mansion in Ormond Beach, setting a new record for the highest selling price for a single-family home in Volusia County. The previous record was the $ 3.88 million paid in July 2017 for the riverside house at Daytona Beach of the late Betty …

TORONTO, Sep 23, 2021 (GLOBE NEWSWIRE) – WPT Industrial Real Estate Investment Trust (the “REIT“) (TSX: WIR.U; WIR.UN – OTCQX: WPTIF) is pleased to announce that Institutional Shareholder Services Inc. (“ISS“) and Glass Lewis and Co., LLC (“Lewis Glass“) recommended that unitholders of the REIT (the”Unitholders“) vote FOR the special resolution (the”Arrangement resolution“) approving the …

The portfolio includes nearly 2 million square feet of industrial and flexible products on 22 properties and 151 acres scattered throughout Minneapolis / St. Paul Market Minneapolis, MN, September 23, 2021 (GLOBE NEWSWIRE) – Nicola Wealth Real Estate (NWRE) has acquired the Minneapolis Industrial Infill Portfolio. This transaction, negotiated by Mark Kolsrud and his team …

At the start of the pandemic, Katharine Lau, a commercial real estate professional, focused on decluttering, and as she looked at a bunch of unnecessary things, she wondered how she could save them despite her lack. of space. “It was the first time I thought about self-storage as a business, which I have always found …

Google’s $ 2.1 billion deal to buy an office building in Manhattan adds to Silicon Alley’s rapid growth, despite the growth of remote working and the declining office market in New York City. Google buys the old St. John’s terminal on the West Side of Manhattan, expanding its footprint downtown. The company had leased the …

MIAMI BEACH, FL, September 20, 2021 / 24-7PressRelease / – FloridaDoc is pleased to announce its recent move to the Decoplage condo building in Miami Beach, where it reopened on August 12th. The luxury Miami condo is located on the ocean and offers FloridaDoc 1,000 square feet of space. According to company founder and real …

The Sears department store at Woodfield Mall in Schaumburg, a Chicago suburb, will close on November 14. Transformco, which acquired Sears Holdings after the company filed for bankruptcy in 2018, has confirmed its intention to redevelop the property. “We intend to reinvigorate and maximize real estate value while enhancing the consumer experience with popular retailers …

NEW YORK – (BUSINESS WIRE) – Sep 17, 2021– KKR, a leading global investment firm, announced today that KKR Real Estate Select Trust Inc. (“KREST”) has acquired a 1.1 million square foot Class A industrial warehouse at Southern Gateway in Lambert Farms in Atlanta (McDonough), GA of PNK Group, an international real estate developer implementing …

Barry Moore uses technology, including real estate information services, so transparently in his role as a business broker that he is usually not even aware of it. It’s just part of the way it works. He lives on his phone and laptop. When driving, he can stop and open LoopNet, for example, to search for …

In a joint venture partnership, LPC Desert West, the Southwestern regional office of Lincoln Property Company (LPC), and Scottsdale-based Harvard Investments purchased 585 acres in the West Valley submarket in the Metro Phoenix for a major new Class A industrial development called Goodyear AirPark. Located adjacent to the Phoenix-Goodyear Airport, this is one of the …

Law360 (September 8, 2021, 9:28 p.m. EDT) – Web referral platform Outbrain has signed an agreement to lease 25,000 square feet in Manhattan, the Commercial Observer reported on Wednesday. The deal is for the third floor of 111 W. 19th St., which is owned by the Kaufman organization, according to the report. Aman Group has …

Closures remain strong thanks to COVID-19 for Timnath commercial projectThe Neenan Company, a Fort Collins-based design-build and development company, announced that it has closed sales of 94% of the commercial space in its mixed-use commercial development project in Timnath, Colorado. Named The Plaza at Riverbend, the Project represents Timnath’s premier neighborhood commercial development, offering small …

NEWPORT BEACH, Calif .– (COMMERCIAL THREAD) – BKM Capital Partners, based in Newport Beach, Calif., Completed a $ 261 million recapitalization of its industrial value-added fund I, expanding a partnership with Investcorp and marking successful investment thesis involving the first fund of fund managers. The flagship investment vehicle was launched in 2013 and is currently …

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Faster and Easier Mortgages Check your rates today with Better Mortgage. Determining the value of your home depends on a number of factors and can fluctuate, …

ATLANTA – (COMMERCIAL THREAD) – MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), in partnership with StreetLights Residential, a developer focused on designing multi-family and mixed-use communities, is pleased to announce the premier luxury apartment complex, The Mira, in Midtown Union in Atlanta, GA. Part of Midtown Union’s mixed-use …

In recent years, the City of Atlanta has stepped up efforts to create affordable housing through inclusionary zoning, while subsidizing and promoting the development of housing that is “naturally” affordable at market rates and affordable for residents below the median family income. One of the biggest efforts of this type is the spreading Redevelopment of …

California real estate is notoriously expensive, and in today’s hot housing market, prices are skyrocketing and homes are selling fast. Future homeowners need to budget carefully to avoid excessively high mortgage payments – and it’s important to do this before you start looking for a home and fall in love with a home you can’t …

PASADENA, Calif .– (BUSINESS WIRE) – Aug.12, 2021– JRW Realty is pleased to announce that in July, the company facilitated the cash acquisition of over $ 54.10 million in real estate on behalf of its clients. The 12 properties purchased are leased by nationwide companies that provide essential goods and services, including Pick ‘n Save, …

The partnership acquired Cambridge industrial land comprising 52 acres intended to develop next-generation industrial distribution buildings suitable for tenants and owner / users Cambridge Industrial Lands and surrounding tenants. Cambridge Industrial Lands and surrounding tenants. Toronto, ON, August 12, 2021 (GLOBE NEWSWIRE) – Nicola Wealth Real Estate (NWRE) announces the acquisition of industrial land in …

Goodwill opens donation center in West Richland Goodwill Industries of the Columbia Inc. has opened a new assisted donation center at 3250 Kennedy Road in West Richland. The center has a covered area for customers as well as a loading dock to facilitate distribution. The building measures 1,200 square feet and includes storage space, a …

SAN FRANCISCO & MINNEAPOLIS – (BUSINESS WIRE) – August 9, 2021– Flynn Properties Inc. (“Flynn”), owner of selected commercial buildings, luxury resorts and service hotels in America and abroad, in a joint venture with Värde Partners, an alternative investment company global leader, today announced that it has acquired 20 of the selected service hotels – …

DENVER – (COMMERCIAL THREAD) – KBS, one of the largest investors in blue chip commercial real estate, has sold Peakview Tower, a nine story, 264,149 square foot office tower in Greenwood Village, Colorado, in the South Market. is from Denver. The property was purchased by a joint venture led by Vanderbilt Office Properties for $ …

Monument Square, one of the most important office buildings in the region, is for sale. The 10-story building at 333 Glen Street is currently on the market for $ 15 million. Monument Square, one of the most important office buildings in the region, is for sale. The 10-story building at 333 Glen Street is currently …

GREENWICH – A historic building in central Greenwich has a new tenant. The John Lockhart House at 75 Arch Street will be the new home for Douglas Elliman, a leading real estate company moving to the historic site from a nearby office. The office is the main headquarters of Douglas Elliman in Connecticut. Built around …

Welcome back to the real estate newsletter. As the summer gets hotter, the deals get bigger and this week’s headlines have been dominated by some of the larger and more expensive mansions on the market in Southern California. Two of the most intriguing lists were linked to two big names. The most expensive of the …

A person walks past a closed restaurant in Gramercy as the city continues its efforts to reopen following restrictions imposed to slow the spread of the coronavirus on October 21, 2020 in New York City. Noam Galai | Getty Images A plethora of empty spaces already stocked with kitchen appliances and a chance to take …

THE SCOOP Not to be confused with Roslyn, its neighbor to the north, Roslyn Heights is a hamlet surrounded by parks, shops, and easy access for commuters. Roslyn Heights offers a suburban getaway with accommodation options ranging from Capes to Colonials, Ranches and Victorians, said Gwen Levy, real estate agent at Daniel Gale Sotheby’s International …

COVID-19 has been a boon to Chicago warehouse owners as demand skyrockets for places to store the products people buy online. But the rapid rise of companies that help ship things to and from these facilities is now making local office owners winners as well. As many companies try to reduce office space to accommodate …

Jason Boyer, the developer architect behind the nationally recognized artHAUS condo development in Midtown Phoenix, announced his latest project, KARMA, a collection of 11 modern and smart single-family homes arriving in the heart of North Central Phoenix in January 2022. .KARMA is located in the coveted Madison Heights neighborhood and offers three modern floor plans …

The Bay Area never runs short of weird and often mind-boggling real estate stories, so selling San Francisco plots of land that are literally under the bay shouldn’t be surprising. What may be surprising is that an underwater plot is listed for only $ 8,500. The underwater housing lot off the Candlestick Point Recreation Area …

Radian Group Inc.’s decision to move its headquarters from downtown to a much smaller space in Wayne could signal trouble for downtown Philadelphia. The mortgage insurer, which employs 600 people in the Philadelphia area, said it learned during the coronavirus pandemic that employees work well without going to the office every day and that the …

SAN JOSE – The Santa Clara County Housing Authority is preparing to develop the first phase of a development that could bring several hundred affordable housing units to the eastern outskirts of downtown San Jose. At the same time, the Housing Authority’s new executive director, Preston Prince, is undertaking a comprehensive assessment of a proposal …

The average price of a home in Kaua’i has increased by over 40% in the past year. That’s according to Hawaii Rentals which also says the average selling price in May was nearly $ 2.4 million. As for ensuring affordable housing for locals, at least one seasoned real estate broker argues that it is already …

ROSWELL, Georgia., June 24, 2021 / PRNewswire / – Ashcroft Capital, a fully integrated multi-family investment company, today announced the acquisition of Elliot Roswell (formerly River Crossing at Roswell), a community of garden-style apartments in the Atlanta suburb of Roswell. Birchstone Residential, Ashcroft Capital’s in-house property management company, took over the management of the community. …

SYDNEY, June 23 (Reuters) – Sydney homes with crumbling walls, jagged ceilings and bathrooms and kitchens stripped of fixtures are tearing up for millions of people as shoppers try to sell out ” capture a share of the booming Australian real estate market. Last week, an abandoned brick cottage in the city’s northwest sold for …

My Cookie Dealer has been offering its treats online since 2019, delivering and shipping the treats made in its Nesconset bakery by hand. This spring, the owners decided to venture into their first physical store and opened a pop-up at Tanger Outlets Riverhead in April that sells hot cookies, said Karen Morel, who owns the …