Ryan Serhant fires back at Bess Freedman, calls legacy brokerages “scared” – Robert Khodadadian

Ryan Serhant is pushing back on claims made by Brown Harris Stevens CEO Bess Freedman at The Real Deal’s New York City Showcase + Forum last week that reality television shows are harmful to the public’s perception of the real estate industry. Sharing a panel with Douglas Elliman CEO Scott Durkin and Serhant, who has …

What We Saw at ICSC: Day 1 – Robert Khodadadian

What We Saw at ICSC: Day 1 – Robert Khodadadian The International Council of Shopping Centers kicked off the annual retail event of the year in Las Vegas on Monday and Commercial Observer was on the floor capturing the sights of day 1. Here’s the highlights of what we saw straight from CO’s Twitter feed:   JLL kicked off #ICSC2022 with a media breakfast and retail

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The International Council of Shopping Centers kicked off the annual retail event of the year in Las Vegas on Monday and Commercial Observer was on the floor capturing the sights of day 1.

Here’s the highlights of what we saw straight from CO’s Twitter feed:

 

JLL kicked off #ICSC2022 with a media breakfast and retail panel moderated by @JamesDCook with speakers: Naveen Jaggi @greg_maloney and @rseverino_CR. pic.twitter.com/0rqxswwyPU

— Commercial Observer (@commobserver) May 23, 2022

CBRE’s booth at ICSC, Deal Makers Welcome! #ICSC2022 @CBRE pic.twitter.com/O57x3XwROF

— Commercial Observer (@commobserver) May 23, 2022

Want to look sharp at ICSC? Get yourself a free hair styling session! #ICSC2022 pic.twitter.com/VW8ctRXWkZ

— Commercial Observer (@commobserver) May 23, 2022

Your fast food booth as ICSC, instead of burger, you are getting deals made! #ICSC2022 @McDonalds @Wendys @FirehouseSubs @BurgerKing pic.twitter.com/veJCumtHvQ

— Commercial Observer (@commobserver) May 23, 2022

At @ICSC in Las Vegas, @Colliers‘ Anjee Solanki, @JLL‘s Naveen Jaggi, @IndustriousHQ‘s Craig Robinson, and @CBRE‘s Adam Williamowsky discuss shop, dine, work, and play. pic.twitter.com/TqDnipvKaS

— Commercial Observer (@commobserver) May 23, 2022

ICSC can be be scary! #ICSC2022 @SpiritHalloween pic.twitter.com/7seWNViZs0

— Commercial Observer (@commobserver) May 23, 2022

@MeridianCapLLC president Yoni Goodman speaking at the firm’s lunch event. #icsc2022 pic.twitter.com/6KJRmwgrBR

— Commercial Observer (@commobserver) May 23, 2022

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Loan on Aby Rosen’s 285 Madison Avenue Sent to Special Servicing – Robert Khodadadian

Loan on Aby Rosen’s 285 Madison Avenue Sent to Special Servicing – Robert Khodadadian The $235 million commercial mortgage-backed securities (CMBS) loan on RFR Holding’s office property at 285 Madison Avenue has transferred to special servicing, according to a Trepp alert released Monday. Aby Rosen’s RFR has requested that the loan’s maturity date be extended.   The debt behind the 511,208-square-foot Midtown Manhattan asset, which sits near Grand Central Terminal,

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The $235 million commercial mortgage-backed securities (CMBS) loan on RFR Holding’s office property at 285 Madison Avenue has transferred to special servicing, according to a Trepp alert released Monday. Aby Rosen’s RFR has requested that the loan’s maturity date be extended.  

The debt behind the 511,208-square-foot Midtown Manhattan asset, which sits near Grand Central Terminal, was securitized in the NCMS 2018-285M CMBS deal in 2017, and just transferred to special servicer KeyCorp Real Estate Capital Markets. The fixed-rate loan is scheduled to mature in November. 

Korean real estate fund manager KTB Asset Management led the $475 million refinance for the asset in November 2017. In addition to the NCMS 2018-285M A-note securitized portion, the five-year, fixed-rate loan also included a $35 million B-note, $120 million of senior mezzanine debt and $85 million of junior mezzanine debt, according to CRED iQ. Natixis co-originated $270 million of the loan’s senior tranche. 

The 26-story property was 95 percent occupied as of Sept. 30, 2021, compared to 97 percent at the end of 2019, according to data from CRED iQ. The building’s largest tenant is clothing giant Tommy Hilfiger, which leases 219,800 square feet for its corporate headquarters in a deal scheduled to run through Oct. 31, 2033. Ziff Capital Partners has a lease for 26,211 square feet scheduled to expire on May 31, 2026, per CRED iQ data. 

RFR acquired the then-vacant 285 Madison 10 years ago for $189 million and invested $65 million to renovate the 1926-built asset in 2013. The landlord’s improvements included a comprehensive lobby renovation, new mechanical systems, upgrades to all common areas and new bathrooms on each floor, according to the company’s website. 

Officials at RFR did not immediately return a request for comment.

Andrew Coen can be reached at acoen@commercialobserver.com 

 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Harrison Street Buys Two LA Medical Office Properties for $156M – Robert Khodadadian

Harrison Street Buys Two LA Medical Office Properties for $156M – Robert Khodadadian Stockdale Capital Partners has sold two Los Angeles medical offices to Harrison Street for $156 million. The Chicago-based investment manager Harrison Street picked up 9090 Wilshire Boulevard in Beverly Hills and 2825 Santa Monica Boulevard in Santa Monica from Stockdale in a deal that closed late April, according to Stockdale and The Real Deal. The

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Stockdale Capital Partners has sold two Los Angeles medical offices to Harrison Street for $156 million.

The Chicago-based investment manager Harrison Street picked up 9090 Wilshire Boulevard in Beverly Hills and 2825 Santa Monica Boulevard in Santa Monica from Stockdale in a deal that closed late April, according to Stockdale and The Real Deal. The properties comprise a combined 107,000 square feet.

“The sale of these two prime West L.A. properties is part of Stockdale Capital Partners’ continued medical office strategy,” Stockdale’s Dan Michaels said in a statement. “Being able to execute our value-add initiatives, which included a renovation of both assets, as well as capitalize on the growing demand for medical office product has enabled us to generate a significant return on our investment.”

Los Angeles-based Stockdale bought both properties for $88.8 million in 2015, according to TRD. The 55,000-square-foot 2825 Santa Monica Boulevard is mainly leased to UCLA Health while the 49,000-square-foot 9090 Wilshire Boulevard is fully occupied by Cedars Sinai, according to Stockdale.

The purchase closed days after news came out that Harrison Street sold off a 27-property health care portfolio spread across 10 states to NorthWest Health Care Properties for $600 million, Commercial Observer previously reported.

“This is an exciting transaction that builds on our west coast medical office portfolio and highlights Harrison Street’s track record of delivering attractive core real estate opportunities for our investors,” Harrison Street’s Mark Burkemper said in a statement about the Los Angeles deal. “The properties are located in capacity constrained, affluent LA submarkets with favorable long-term demographic characteristics, and are affiliated with Cedars-Sinai and UCLA Health, two world-renowned health systems.”

CBRE’s Chris Bodnar brokered the sale of the Los Angeles properties.

“It’s incredibly rare for two assets of this caliber to be marketed as a portfolio,” Bodner said in a statement. “This was truly a once-in-a-generation opportunity.”

Nicholas Rizzi can be reached at nrizzi@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Joel Schreiber, WeWork’s first investor, faces grind on LA project – Robert Khodadadian

New York City real estate investor Joel Schreiber struck gold when he met Adam Neumann and became the first investor in WeWork. It’s been more of a grind for Schreiber on his hopes of redeveloping a massive building in Downtown Los Angeles. Schreiber’s Waterbridge Capital set its sights on the 1.2 million-square foot, 10-story property …

Latch Cuts 28% of Employees Due to Dire Financial Situation – Robert Khodadadian

Latch Cuts 28% of Employees Due to Dire Financial Situation – Robert Khodadadian Latch, the proptech that allows users to unlock doors using their smartphone, will be laying off 28 percent of its full-time employees as financial turbulence continues at the firm. The firm announced late Friday that it will layoff 130 employees and that the sales and marketing departments would be reorganized under the leadership of Lee

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Latch, the proptech that allows users to unlock doors using their smartphone, will be laying off 28 percent of its full-time employees as financial turbulence continues at the firm.

The firm announced late Friday that it will layoff 130 employees and that the sales and marketing departments would be reorganized under the leadership of Lee Odess, who was formerly the general manager of new market development for the firm.

Latch, which specializes in smart locks and keyless entry for office and residential buildings, went public in 2021 by merging with a special purpose acquisition company sponsored by developer Tishman Speyer. The deal valued Latch at $1.56 billion.

However, the company has not been able to bring its finances out of the red, despite generating more cash flow over the last year, according to its earnings report. Its stock dropped about $76 percent since it debuted, currently sitting at $2.38 a share.

In the first quarter of 2022 Latch’s revenue was recorded at $13.7 million, up 106 percent compared to $6.6 million for the same period last year. But net losses for the company were at $44.2 million for the first quarter, a 16 percent jump compared to the $38.1 million in net losses seen in the first quarter of 2021.

“As our company has matured, we have honed our strategy to create powerful experiences for all stakeholders through Latch’s intuitive software and sought-after partnerships,” Luke Schoenfelder, Latch co-founder and CEO, said in a statement regarding their first quarter results. “We are pleased with our progress on these initiatives, and after 88 percent year-over-year growth in software revenue in the first quarter, we are raising software revenue guidance for the year.”

Total software revenue for the firm in the first quarter was $3 million compared to last year’s $1.6 million.

Thanks to the layoffs, Latch thinks it can cut annual costs by $40 million across sales, marketing, general and administrative overhead and research and development. It expects to spend $3 million to $4 million on restructuring and related charges, primarily due to severance and benefit costs.

But revenue at Latch wasn’t making the CEO, Schoenfelder, gloomy in April 2021, when revenue for the company was by the aforementioned metrics, worse than it is now. 

Mark Hallum can be reached at mhallum@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Fisher Brothers’ Experiential Retail Space Area 15 Doesn’t Want to Stay in Vegas – Robert Khodadadian

Fisher Brothers’ Experiential Retail Space Area 15 Doesn’t Want to Stay in Vegas – Robert Khodadadian You’ve never been to a shopping or retail center like Area 15 in Las Vegas. In fact, it’s safe to say you’ve never been anywhere like Area 15 before. It’s Fisher Brothers’ experiential and experimental center, part of an 80-acre development called Vegas Rising a few minutes off the Las Vegas Strip. Once inside the

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You’ve never been to a shopping or retail center like Area 15 in Las Vegas. In fact, it’s safe to say you’ve never been anywhere like Area 15 before.

It’s Fisher Brothers’ experiential and experimental center, part of an 80-acre development called Vegas Rising a few minutes off the Las Vegas Strip. Once inside the 120,000-square-foot center, patrons are transported to an alternate reality among a collection of unique experiential and retail tenants. The hybrid retail project bills itself as an “immersive bazaar” with art installations and interactive experiences. 

Fisher Brothers showcased the space at a kickoff party hosted by Commercial Observer and Berdon LLP for ICSC’s REcon in Las Vegas. 

Area 15’s anchor tenant, Meow Wolf in 50,000 square feet, hosts exhibits like “House of Eternal Return,” a “multidimensional mystery house” with secret passages, portals to different worlds, and an expansive narrative amidst “surreal, maximalist, and mesmerizing art exhibits.” Area 15 hosts other interactive exhibits and events such as virtual reality, escape rooms, and competitive leisure posts like ax-throwing and virtual golf, as well as “a 2,000-square-foot bamboo volcano.”

“Our tenants, our experiences, they’re trendsetters,” Winston Fisher, a principal at the Manhattan-based firm, said. “They’re people who are defining the experience economy. Whether it’s art and immersive distilleries, competitive leisure. We are not scared to take creative risks.”

Area 15’s chief operating officer, Dan Pelson, described it as a balance of entertainment, events, food and beverage, and creative tenants — “some of which we own and operate, many of which we don’t. The tenants are very different, from walk-around artistic experiences like Meow Wolf and Museum Fiasco, to competitive leisure like throwing axes.”

“It’s about connecting and being a participant instead of a spectator,” Pelson said.

Fisher said the pandemic shifted consumer perspectives, placing greater value on human connection and driving consumers to actively seek experiences. That’s why Fisher’s growing the Area 15 space and also expanding the model outside of Las Vegas.

“We’re in the process of building a hotel. We’re looking at 500,000 square feet more of immersive entertainment, retail, restaurants, multifamily, anything that is part of the experience economy with a creative bend,” Fisher said. “We’re expanding to Orlando, where we bought land on I-4, that’s going to be a 300,000–square-foot Area 15. Again, this incredible mashup of events, experiences, entertainment and incredible retail tenants.” 

He said the company’s not stopping in Orlando, either. Fisher Brothers is also looking to build regional Area 15s all over the country and internationally. 

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

“Hot girl real estate” reigns at ICSC, Covid be damned – Robert Khodadadian

Storefront leasing is still recovering but the vibes at the world’s biggest retail conference reveal a Covid-blind optimism is in the air. The Wynn Resort poolside parties Sunday — the unofficial pregame to the ICSC conference in Las Vegas — were awash with brokers, investors, developers and some conference newbies eager to get down to …

Lidl and Onelife Fitness Set to Open at Upton Place – Robert Khodadadian

Lidl and Onelife Fitness Set to Open at Upton Place – Robert Khodadadian Upton Place, a $290 million mixed-use development underway in Washington, D.C., has snagged two noteworthy tenants. Onelife Fitness inked a 54,745-square-foot lease, while grocery store Lidl has signed on for 28,960 square feet. Both plan to open in the fourth quarter of 2023 when the development, by Donohoe Development and Aimco, is slated to open.

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Upton Place, a $290 million mixed-use development underway in Washington, D.C., has snagged two noteworthy tenants.

Onelife Fitness inked a 54,745-square-foot lease, while grocery store Lidl has signed on for 28,960 square feet. Both plan to open in the fourth quarter of 2023 when the development, by Donohoe Development and Aimco, is slated to open.

This marks Lidl’s third D.C. location.

“We are happy to continue to expand our store network in the Washington metropolitan area,” a spokesperson for Lidl told Commercial Observer. “We are focusing on highly convenient locations that will make Lidl’s high quality and highly affordable groceries available to as many D.C. residents as possible. We are confident the store will be an excellent addition for the community.”

The site was previously an office building occupied by Fannie Mae. The development team is redeveloping the property into a 689-unit-residential building with 105,000 square feet of retail along Wisconsin Avenue.

“Redeveloping this property has allowed us to create vibrant spaces with amenities as the focal point,” Evan Weisman, president of Donohoe Development, said in a statement. “We are proud to have both [tenants] on board to shape Upton Place on Wisconsin into an attractive mixed-use destination and central gathering place for the community.” 

Upton Place was represented by Bert Donohoe and Don Konz of Donohoe Real Estate Services in both deals. Lidl was represented by Brad Buslik of H&R Retail, while Onelife Fitness was self-represented.

Requests for comment from Onelife Fitness or the brokers were not immediately returned, while the development team referred back to its company announcement for comment. 

Keith Loria can be reached at Kloria@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

AMAC and ROVR Secure $67M Loan to Build Amenitized Apartments in Aventura – Robert Khodadadian

AMAC and ROVR Secure $67M Loan to Build Amenitized Apartments in Aventura – Robert Khodadadian National real estate investor and developer AMAC plans to build a 290-unit apartment complex at 17990 West Dixie Highway in Aventura, Fla. AMAC secured a $67 million construction loan with Ocean Bank to kick-start the eight-story project, with a projected completion date within the first quarter of 2024. AMAC is partnering with Miami-based ROVR Development

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National real estate investor and developer AMAC plans to build a 290-unit apartment complex at 17990 West Dixie Highway in Aventura, Fla.

AMAC secured a $67 million construction loan with Ocean Bank to kick-start the eight-story project, with a projected completion date within the first quarter of 2024.

AMAC is partnering with Miami-based ROVR Development on the project, in their third joint development in South Florida.

Those who take up residence in this development will get more than just a roof over their heads, according to the developer. Access to a two-story gym, a spa and sauna area, a pool with covered lounge area, an outdoor kitchen and grilling areas, a dog wash, a club room, a library, a media room, a social lounge and a sunset terrace will come standard on-site.

“We are confident that this development will meet the new standard of luxury rentals, and we are excited to bring our next multifamily project to the area,” Maurice Kaufman, founding principal at AMAC, said in a statement.

It’s possible most residents will not need to leave the grounds. On-site amenities will include a convenience market, concierge, smart package center, and a parking garage with 36 charging stations for electric vehicles, as well as a 1,760 square feet of rental office spaces operated by Ora.

Ora specializes in operating private workspaces in apartment complexes where facilities are booked, paid for and unlocked over an app.

AMAC, formerly known as Arbor Multifamily Acquisition Company, was also part of a joint venture with ROVR Development in February, paying $6.6 million for a vacant site at 4465 Griffin Road in Hollywood, Fla., bordering Fort Lauderdale, Commercial Observer previously reported. The joint venture plans an eight-story building with 180 units as well as a gym, pool and outdoor lounge with a completion date in mid-2024.

The JV also recently completed Biscayne 112, a 402-unit multifamily property in North Miami.

Mark Hallum can be reached at mhallum@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Fintech Firm Fora Financial Consolidates in Garment District – Robert Khodadadian

Fintech Firm Fora Financial Consolidates in Garment District – Robert Khodadadian Fintech firm Fora Financial is consolidating its offices to 1385 Broadway, where it has signed a nine-year lease for the entire 15th floor spanning 23,500 square feet. Fora will relocate in July from nearby 519 Eighth Avenue between West 35th and West 36th streets, where it has had a presence since 2015. Andrew Gutman, president

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Fintech firm Fora Financial is consolidating its offices to 1385 Broadway, where it has signed a nine-year lease for the entire 15th floor spanning 23,500 square feet.

Fora will relocate in July from nearby 519 Eighth Avenue between West 35th and West 36th streets, where it has had a presence since 2015.

Andrew Gutman, president of Fora Financial, said in a statement the Broadway building “ticked all of the key boxes.” The full-floor footprint allows the company to consolidate its city headquarters onto a single floor while the high-end space is being customized and built to its needs. 

Justin Halpern, Jennifer Konefsky and Edward Wartels of Cushman & Wakefield represented the tenant in the deal.  

Owned by Savitt Partners, the 23-story, 500,000-square-foot office tower is on the southwest corner of West 38th Street in the Garment District. It recently underwent a significant capital improvement and modernization program, including a new lobby, elevators and windows.  

Nicole Goetz, Brian Neugeboren and Bob Savitt at Savitt Partners represented the ownership in-house in the lease, which had an asking rent of $56 per foot.

 The movement of fintech companies to the area is what Neugeboren called a “huge trend that we’ve been seeing over the last few months.”

 Since launching in 2008, Fora has provided over $2.1 billion for business loans and revenue-based capital funding for small businesses with fast approvals, flexible rates and online tools for tracking through its proprietary software.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Dodge: Construction Starts Rose 3% in April – Robert Khodadadian

Dodge: Construction Starts Rose 3% in April – Robert Khodadadian Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%. Year-to-date, total construction was 6% higher in the first four months of 2022 compared to the same period …
The post Dodge: Construction Starts Rose 3% in April appeared first on Connect CRE.

Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.

Year-to-date, total construction was 6% higher in the first four months of 2022 compared to the same period of 2021. Nonresidential building starts rose 19%, residential starts gained 3%, while nonbuilding starts were 2% lower.

For the 12 months ending April 2022, total construction starts were 12% above the 12 months ending April 2021. Nonresidential starts were 24% higher, residential starts gained 11% and nonbuilding starts were down 1%.

“The construction sector is seemingly shrugging off the fear of higher interest rates and a potential recession,” said Richard Branch, chief economist for Dodge Construction Network. “Many building sectors have made the turn from weakness to recovery as underlying economic growth and hiring are solid. With the pipeline of projects in planning continuing to expand, this trend should continue in the months to come.

“However, the concern that the Federal Reserve will force the U.S. into recession later this year may thwart the momentum in construction starts,” he continued. “While recession is not our baseline forecast, it can not be fully discounted.”

The post Dodge: Construction Starts Rose 3% in April appeared first on Connect CRE.

Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%. Year-to-date, total construction was 6% higher in the first four months of 2022 compared to the same period …
The post Dodge: Construction Starts Rose 3% in April appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Manhattan luxury market slumps back toward normal – Robert Khodadadian

Following a year of record-setting luxury home sales, homes entering into contract priced at $4 million and above dwindled last week. A total of 23 contracts were signed between May 16 and 22, according to a weekly report by Olshan Realty. That’s the lowest since the first week of January 2022, when 21 contracts were …

Adam Neumann, Invictus Turn $70M Profit in Connecticut Multifamily Sale – Robert Khodadadian

Adam Neumann, Invictus Turn $70M Profit in Connecticut Multifamily Sale – Robert Khodadadian Adam Neumann and his investment partners just made a tidy profit of nearly $70 million in a Connecticut multifamily trade, sources told Commercial Observer.  Invictus Real Estate Partners, together with Neumann’s family office — 166 2nd Financial Services — just sold a 662-unit multifamily portfolio in Norwalk, Conn., to Beachwold Residential for roughly $293.5 million,

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Adam Neumann and his investment partners just made a tidy profit of nearly $70 million in a Connecticut multifamily trade, sources told Commercial Observer. 

Invictus Real Estate Partners, together with Neumann’s family office — 166 2nd Financial Services — just sold a 662-unit multifamily portfolio in Norwalk, Conn., to Beachwold Residential for roughly $293.5 million, having purchased the assets for $226 million less than two years ago.

The deal, which includes The Waypointe at 515 West Avenue and The Berkeley/  Quincy Lofts at nearby 30 Orchard Street, closed last week. 

Cushman & Wakefield’s Adam Spies, Adam Doneger, Brian Whitmer and Ryan Dowd arranged the sale.

The transit-oriented buildings are part of Norwalk’s redeveloped Waypointe District, which spans seven acres. The buildings are currently 96 percent leased. 

Constructed in 2014, The Waypointe was the first phase of the district’s revival. The 464-unit apartment community includes 56,000 square feet of retail and restaurant space and 1,027 parking spaces. The partnership purchased the asset in August 2020, paying $157 million, according to Commercial Real Estate Direct. 

The Berkeley and Quincy Lofts were completed in 2017, sit one block apart and comprise 198 units. Their construction represented the second phase of the redevelopment. The five-story, 129-unit Berkeley includes 10,331 square feet of ground-floor retail plus a 371-space parking garage. Quincy Lofts features 69 units plus 87 parking spaces. 

The previous acquisition price for The Berkeley and Quincy Lofts was roughly $69 million, with the partnership landing a $55.8 million acquisition loan for the purchase in February 2021, according to Real Estate Weekly. 

One source simply described the trade as “a successful and profitable deal” for Invictus and Neumann. 

The multifamily sector has been on fire from an investment standpoint these past two years, and the portfolio assets— located in Fairfield County, one hour from Manhattan— benefit from easy access to I-95 and the Metropolitan Transportation Authority’s South and East Norwalk train stations. 

The buildings also sit less than a mile from Norwalk Hospital— the area’s largest employer — and Fairfield University

Adam Neumann, who stepped down as CEO of WeWork in 2019 has been snapping up multifamily investment opportunities of late. In January, The Wall Street Journal reported that entities tied to Neumann had been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities.

A spokesperson for Neumann and C&W officials declined to comment. Invictus and Beachwold officials did not immediately return requests for comment. 

Cathy Cunningham can be reached at ccunningham@commercialobserver.com 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Skylight, Invesco Land $114M Acquisition Loan for NJ Multifamily Buy – Robert Khodadadian

Skylight, Invesco Land $114M Acquisition Loan for NJ Multifamily Buy – Robert Khodadadian A joint venture between Invesco Real Estate Income Trust (INREIT) and Skylight Real Estate Partners has nabbed $113.5 million of acquisition financing to purchase a majority interest in a New Jersey multifamily asset, Commercial Observer has learned. U.S. Bank supplied the loan for the JV’s $160.5 million acquisition of Everly Roseland, a 384,648-square-foot, 360-unit garden-style

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A joint venture between Invesco Real Estate Income Trust (INREIT) and Skylight Real Estate Partners has nabbed $113.5 million of acquisition financing to purchase a majority interest in a New Jersey multifamily asset, Commercial Observer has learned.

U.S. Bank supplied the loan for the JV’s $160.5 million acquisition of Everly Roseland, a 384,648-square-foot, 360-unit garden-style apartment community in Roseland, N.J. The 1980-built property off Nob Hill Road comprises 30 two-story buildings and is 95 percent leased.

JLL Capital Markets arranged the transaction with a debt advisory team led by Michael Klein, Matthew Pizzolato, John Rose and Gerard Quinn.

R. Scott Dennis, president and CEO of INREIT, said increased remote working flexibility during the COVID-19 pandemic has driven up demand for multifamily investments in the New York City metropolitan area well above 2020 levels, particularly in suburban areas. 

“With more flexibility around work and the daily commute, the suburban locations that attracted strong demand during COVID have continued to experience strong demand growth alongside the recovery of city centers and urban areas,” Dennis said. “It’s difficult to build new housing stock in these markets, which is favorable for future leasing demand.” 

Dennis added that as interest rates rise, multifamily investments will become even more attractive because the impact on higher home mortgage payments could push more people to rental communities.

Through the recapitalization of Everly Roseland, Invesco and Skylight are planning to renovate units along with upgrades to common areas and the property’s exteriors. Skylight will serve as the property manager. 

“Everly Roseland is a well-performing property with a multitude of value creation strategies to unlock,” Andrew Miller, founding partner at Skylight Real Estate Partners, said in a statement. “We share the same vision as our partners at Invesco in continuing to transform Everly Roseland back to its premier status.”

The transaction marks Skylight’s third New Jersey investment in the past six months. The firm formed in early 2021. 

“We were proud to support our clients, INREIT and Skylight Real Estate Partners, in their acquisition of the highly sought-after Everly Roseland community,” Kim McKee, northeast region commercial real estate manager for U.S. Bank. “As working arrangements continue to evolve, we’ll continue to look for similar opportunities that deliver value to residents and investors alike.

– Andrew Coen can be reached at acoen@commercialobserver.com

 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Facade Contractor Buys Industrial Building in Baltimore County for $10M – Robert Khodadadian

Facade Contractor Buys Industrial Building in Baltimore County for $10M – Robert Khodadadian Pioneer Cladding & Glazing Systems, an exterior facade contractor, has acquired 1407 Parker Road, a 103,640-square-foot industrial property in Halethorpe, Md., for $10.3 million.  The sale also included an adjacent .58-acre parcel at 1441 Knecht Avenue that will be utilized for parking and outside storage. MacKenzie Commercial Real Estate Services represented the seller, Pitts Realty.

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Pioneer Cladding & Glazing Systems, an exterior facade contractor, has acquired 1407 Parker Road, a 103,640-square-foot industrial property in Halethorpe, Md., for $10.3 million. 

The sale also included an adjacent .58-acre parcel at 1441 Knecht Avenue that will be utilized for parking and outside storage.

MacKenzie Commercial Real Estate Services represented the seller, Pitts Realty.

The building served as the headquarters for nearly three decades for David Edwards Furniture, a high-end furniture maker owned by the Pitts family, an entity that was acquired by Kimball International in late 2018. The Pitts family retained ownership of the building and negotiated a lease-back arrangement with Kimball, before the Indiana-based group decided to consolidate operations and close this facility last year.  

“There was a high level of interest from both users and investors,” Daniel Hudak, a senior vice president and principal of MacKenzie, told Commercial Observer. “The industrial real estate market remains a highly sought-after asset class driven by record low vacancy levels, increasing rental rates and favorable lending environment.”

Originally built in 1960, the industrial building features nearly 8,000 square feet of office space, five loading bays, eight interior dock positions and 62 surface parking spaces.

Pioneer currently operates five project-management, engineering and fabrication shop locations throughout the U.S., including two in the greater Maryland area. The company noted it would maintain its existing project-management facility in the Elkridge area and relocate its current fabrication shop on Alco Place in Halethorpe to the new space.

“Pioneer is a highly respected manufacturer within its industry with a strong foothold regionally,” Hudak said. “They recognized the value of the existing infrastructure left behind by Kimball and acted decisively to emerge as the winning bidder.”

Recent MacKenzie data shows the vacancy rate for warehouse/industrial product in the Baltimore County Southwest submarket is 5.3 percent, and 3.7 percent in the larger BWI corridor. 

Joining Hudak on the deal was MacKenzie’s Andrew Meeder. The new owner was self-represented, and the building was unoccupied at the time of the sale. 

Keith Loria can be reached at Kloria@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Jumbo Dumbo condo claims top Brooklyn contract – Robert Khodadadian

Eight years ago, Alloy Development filed for permits to build a waterfront condominium at 1 John Street, a joint effort with Monadnock Development. Since then, units from the project have made many appearances atop the weekly report by Compass of luxury Brooklyn homes to go into contract. Last week it happened again as a purchase …

Lone bidder Damac to buy Florida collapse site for $120M – Robert Khodadadian

Damac Properties is poised to buy and redevelop the Surfside collapse site where 98 people died last summer, as no other developers met the deadline to bid on the property. The Dubai-based developer was the stalking-horse bidder, setting a $120 million minimum price last year for the property at 8777 Collins Avenue. Earlier this month, …

GFP Real Estate Signs Nokia to Three More Years at 171 Madison Avenue – Robert Khodadadian

GFP Real Estate Signs Nokia to Three More Years at 171 Madison Avenue – Robert Khodadadian Nokia just Finnish-ed up a major lease extension for its offices at 171 Madison Avenue. The Finland-based telecommunications, information technology and electronics company signed a three-year extension for its existing 11,880-square-foot office on the 11th and 16th floors of the 17-story building owned by GFP Real Estate. Nokia first moved into 171 Madison Avenue in

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Nokia just Finnish-ed up a major lease extension for its offices at 171 Madison Avenue.

The Finland-based telecommunications, information technology and electronics company signed a three-year extension for its existing 11,880-square-foot office on the 11th and 16th floors of the 17-story building owned by GFP Real Estate.

Nokia first moved into 171 Madison Avenue in March 2020 when it finalized the acquisition of Elenion Technologies and has since used the space for its executive offices as well as a “clean lab” for testing energy saving-technologies under development. Elenion’s lease expired at the end of 2021.

One hundred and seventy-one Madison Avenue continues to attract major tenants of all types seeking a convenient location with space offering great light, upgraded finishes and the cachet of a Madison Avenue address,” Allen J. Gurevich of GFP, who represented the landlord in-house, said in a statement.

Christel Engel of Colliers represented Nokia in the transaction and did not immediately respond to a request for comment. The landlord declined to provide the specific asking rents, but said they generally are in the $50-per-square-foot range in the building.

Aside from Nolkia’s deal, Redstone Strategy Group, a business consulting and services firm, signed a new three-year lease for 2,300 square feet on the 12th floor, with Eli Someck representing the tenant in-house in the transaction. Gurevich also brokered on behalf of the landlord in the deal.

The 135,000-square-foot building is of 1918 vintage, designed by architect William H. Gompert but renovated with a new lobby, building entrance and elevators.

Mark Hallum can be reached at mhallum@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Investment Bank Two Roads Relocating to 8K SF at 1001 Avenue of the Americas – Robert Khodadadian

Investment Bank Two Roads Relocating to 8K SF at 1001 Avenue of the Americas – Robert Khodadadian Two Roads Advisors, a small investment bank, is leasing 7,566 square feet at 1001 Avenue of the Americas to relocate from its offices at 589 Fifth Avenue, Commercial Observer has learned. The bank signed a five-year lease for the 23rd floor, which landlord, ABS Partners Real Estate’s James Caseley said was part of the migration pattern

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Two Roads Advisors, a small investment bank, is leasing 7,566 square feet at 1001 Avenue of the Americas to relocate from its offices at 589 Fifth Avenue, Commercial Observer has learned.

The bank signed a five-year lease for the 23rd floor, which landlord, ABS Partners Real Estate’s James Caseley said was part of the migration pattern of flight to quality from older, Cass B office space to newer — or newly renovated — assets that offer post-COVID amenities and easier access to mass transit.

“Tenants that would typically look in the Flatiron District are paying attention to what we are offering here, with our high-quality, modern installations,” Caseley said in a statement. “We have one of the best locations in the ‘Transportation Triangle.’ You can Walk to Penn Station, Grand Central, Port Authority, Times Square and Hudson Yards or take a multitude of [other] mass transportation options. It’s easily accessible from literally everywhere.”

Scott Vinett of JLL represented the tenant in the deal and did not immediately respond to a request for comment. Asking rents were not disclosed by ABS Partners.

After COVID-19 cleared out offices across the country and new variants delayed many workers’ return, Class A space has been the gold standard for businesses looking to lure back their employees. The first quarter of 2022 alone saw tenants signing up to 4.27 million square feet in Manhattan’s Class A buildings at an average asking rent of $87.09 per square foot, CO previously reported. Class B space just couldn’t keep up; only 1.64 million square feet was leased in the first quarter at an average of $59.11 a foot.

Mark Hallum can be reached at mhallum@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Banks, tech among departures sinking Midtown office market – Robert Khodadadian

Midtown Manhattan’s struggles in the wake of the pandemic have reached a new low, with banks and big tech companies partly to blame. These companies are eschewing Midtown offices in favor of spots in trendier neighborhoods, the Wall Street Journal reported. The widespread flight to quality over the last year has seen companies drawn to …

How to Pinpoint the Key Factors for Evaluating Technology Partnerships – Robert Khodadadian

How to Pinpoint the Key Factors for Evaluating Technology Partnerships – Robert Khodadadian No company is an island, and no approach to technology is complete without a roster of partners who can help your company reach its full potential. Partner Insights spoke with Amrit Gill, global head of partnerships for Built Technologies, about how to approach your partnership strategy in order to optimize workflow and results.  Commercial Observer:

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No company is an island, and no approach to technology is complete without a roster of partners who can help your company reach its full potential. Partner Insights spoke with Amrit Gill, global head of partnerships for Built Technologies, about how to approach your partnership strategy in order to optimize workflow and results. 

Commercial Observer: Why are technology partnerships important? 

Amrit Gill: As head of partnerships, I look for collaboration opportunities with other organizations that can help move the dial from a one-to-many approach for clients. In a product-led organization, partnerships can build better solutions that directly fill client needs. And, when a sales or revenue organization has a dedicated one-to-one sales motion to try to solve for a client’s needs, it’s crucial to take a broader view by understanding the market landscape and how we can leverage strategic key partnerships to provide the best experience for the end user.

There must be a lot you need to take into account when determining potential partners.

Yes, absolutely. There are some key factors. How engaged is the partner? What are their goals in trying to solve for the end-user client, and how can we do that together? Rather than trying to be a one-stop shop for everything, how do we partner with best-in-class across the industry to provide the best experience for our clients?

Why should commercial real estate lenders seek technology solutions with partner programs?

The construction industry has not necessarily leveraged technology well to enhance productivity. As lenders think about how to evolve in this dynamic, technology-driven marketplace, we want to be able to offer lenders a full-cycle solution, and that might be with partners. We want to foster strong collaboration to provide solutions to the problems our customers face, meeting clients where they are with the systems they’re already using. If you have a platform to help you understand what your underwriting risk might be, then maybe we partner with that. Or perhaps we can leverage referrals to make sure they’re equipped with all the tools they need to get the job done. As a specific example, by developing integrations with core systems, Built is able to ensure flow of accurate information and eliminate duplicative data entry to streamline the processes for the day-to-day users — that’s adding value. We want to help you leverage data to allow you to make better-educated, data-driven decisions within your lending platform.

 

According to a 2017 McKinsey report, construction has been slower to adopt technology than other industries. How does that affect the importance of technology partnerships in the industry? 

Within finance, there’s been this construct of, you’ve got your book of ledger, your accounting platform, and your loan origination system, among others. All of these workflows have become modernized with technology. But the challenge is that they’re all very disparate sometimes. There’s a solution for everything, but where partners will come in handy is that they could help you bring that package together. I’ll use Built as an example. If we think about how some of our clients leverage our platform today, there are areas we expanded with partners to make that workflow easier. So, a partnership with Sage will help from an ERP accounting platform. It will bring in data and manage invoices. That’s just one piece of the puzzle. You still have to think about inspections, the draw management process, data, and analytics. That’s one of the areas least utilized in this industry — accurate, up-to-date data to provide data and analytic insights. With partnerships, you can bring in some of that data and help paint the full picture, giving you a better understanding of your organization.

How can technology partnerships improve workflows for commercial construction lenders?

If we think about pre-construction, construction and permanent construction as three categories, there are separate workflows for each stage of the process. Together, they build a layered ecosystem. There’s a layer of payments. There’s a layer of reporting. These layers are all intertwined and play a key role in facilitating construction projects of all sizes. When we think about workflows, it’s essential to also make sure we have a comprehensive understanding of how all of those pieces fit together. If we’re seeking out vendors and potential partnerships in general, those are the areas you have to understand about your business — or where there’s opportunity to improve those pieces. Then you have to find a partner that will allow you to collaborate and work in a consultative way to get the end result you need.

When companies are seeking potential vendor partnerships in the tech space, how can they evaluate a potential technology partner to ensure that they best serve that company’s needs?

There are a couple of key items and triggers that can help. One is, does this partner understand, and have the ability to support you from, a technology perspective? Do they have a modern technology infrastructure? Will your partner support you the way you need to be supported, from being able to answer and address client questions or queries, to getting legal or marketing documents to resolve problems quickly? Two other areas that are always top of mind are, does your partner understand your market landscape, and can they collaborate with you in a way that they can see industry trends and where your business is going? 

Construction as an industry is plagued with challenges, like any industry that was built on the importance of people interaction. How do you see technology, partners, and construction meeting the needs of users? 

The construction industry is going through its digital transformation now because it is an industry that has been driven by relationships, shaking hands, emails, phone calls — the opposite of technology. It’s a relationship-based business and has been for a very long time. Naturally, there can be hesitations about moving into a more automated process. It’s essential to automate where you can so that your team is then freed up to focus on what matters most: building relationships. Technology or transformation is not going to slow your business down. It’s actually meant to increase your business and allow you to have deeper personal interactions with your clients. Partnerships are the secret ingredient to getting the best of everything and being the most efficient, effective and productive you can be. They can help you understand the industry, reduce risk and cost, improve profitability, and generate new ideas. The challenge we’ve had historically is bringing along people who have been in the construction industry for decades, and now they have this new wave of tech. As new waves of technology enter the industry, we want to maintain some of the old standards and ways of doing business, and marry that with better technology and better infrastructure so we can have a better output. Technology should enable stronger interpersonal relationships by eliminating extraneous workflows, and technology partnerships aim to facilitate just that.

,

In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Nitya Capital Sells Houston Multifamily Portfolio – Robert Khodadadian

Nitya Capital Sells Houston Multifamily Portfolio – Robert Khodadadian The sale made up 1,500 units in total. The buyer was a California based investor. “We endured a pandemic, crude oil volatility, winter storm damage and an uncertain financial world…throughout this we were able to obtain great results for our investors”, said Nitya’s Swapnil Agarwal. The five Houston complexes were Buena Vista Apartments, Casa Del …
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The sale made up 1,500 units in total. The buyer was a California based investor. “We endured a pandemic, crude oil volatility, winter storm damage and an uncertain financial world…throughout this we were able to obtain great results for our investors”, said Nitya’s Swapnil Agarwal.

The five Houston complexes were Buena Vista Apartments, Casa Del Mar Apartments, Sedona Pointe Apartments, The Diamond Hill Apartments and the Providence at Memorial. The multifamily communities had between 250 and 350 units and were spread throughout the Houston metro area.

Two months ago, Nitya Capital acquired an 11-asset multifamily portfolio situated across five markets, including Dallas, for nearly $500 million. The nearly 3000-unit portfolio comprises class B properties that currently average 95% occupancy. Nitya has exited over $2.5 billion in assets across the country.

The company announced it plans to branch out into student housing.

The post Nitya Capital Sells Houston Multifamily Portfolio appeared first on Connect CRE.

The sale made up 1,500 units in total. The buyer was a California based investor. “We endured a pandemic, crude oil volatility, winter storm damage and an uncertain financial world…throughout this we were able to obtain great results for our investors”, said Nitya’s Swapnil Agarwal. The five Houston complexes were Buena Vista Apartments, Casa Del …
The post Nitya Capital Sells Houston Multifamily Portfolio appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

SkyWalker Buys Mixed-Use Waco Project, Sells Dallas Office Tower – Robert Khodadadian

SkyWalker Buys Mixed-Use Waco Project, Sells Dallas Office Tower – Robert Khodadadian Experienced condominium investor, SkyWalker Property, bought a fully leased residential and retail/residential property, and immediately announced it was going to convert the units to condominiums. The property will be renamed; from Austin Avenue Lofts to The Balconies Downtown. The 227,891 square foot building has two floors of street-level retail and 41 apartments, that will soon …
The post SkyWalker Buys Mixed-Use Waco Project, Sells Dallas Office Tower appeared first on Connect CRE.

Experienced condominium investor, SkyWalker Property, bought a fully leased residential and retail/residential property, and immediately announced it was going to convert the units to condominiums. The property will be renamed; from Austin Avenue Lofts to The Balconies Downtown.

The 227,891 square foot building has two floors of street-level retail and 41 apartments, that will soon be sold as individual units. Five units were converted before the sale.

And as part of a 1031 exchange, SkyWalker sold the Crosspoint Atrium. at 8131 LBJ Freeway. The eight story office building was 60% leased at the time of the sale.

SkyWalker’s William Welder provided insight into his decision to sell, “Multi-office buildings present challenges these days we decided to pare back our investments in the sector. The LBJ project presented a strong value-add opportunity for the right buyer.”

The post SkyWalker Buys Mixed-Use Waco Project, Sells Dallas Office Tower appeared first on Connect CRE.

Experienced condominium investor, SkyWalker Property, bought a fully leased residential and retail/residential property, and immediately announced it was going to convert the units to condominiums. The property will be renamed; from Austin Avenue Lofts to The Balconies Downtown. The 227,891 square foot building has two floors of street-level retail and 41 apartments, that will soon …
The post SkyWalker Buys Mixed-Use Waco Project, Sells Dallas Office Tower appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

City of Dallas Looking to Give Tax Breaks For Goldman Sachs Downtown Development – Robert Khodadadian

City of Dallas Looking to Give Tax Breaks For Goldman Sachs Downtown Development – Robert Khodadadian At its June 22 Dallas City Council meeting, the council will consider entering into a business personal property tax abatement program for a Goldman Sachs sponsored project at 2323 N. Field Street. Since the project is within a proposed State of Texas Neighborhood Empowerment Zone (NEZ) the applicant is entitled to a number of tax …
The post City of Dallas Looking to Give Tax Breaks For Goldman Sachs Downtown Development appeared first on Connect CRE.

At its June 22 Dallas City Council meeting, the council will consider entering into a business personal property tax abatement program for a Goldman Sachs sponsored project at 2323 N. Field Street. Since the project is within a proposed State of Texas Neighborhood Empowerment Zone (NEZ) the applicant is entitled to a number of tax breaks. According to the meetings agenda material, the program is meant to “promote an increase in economic development in the zone.”

As an incentive for the City to enact the new NEZ, Goldman Sachs has provided financial figures for its plans. Goldman Sachs (or affiliate) anticipates leasing a minimum of 800,000 square feet of office space in a newly constructed building to be built by the owner on the property. In addition, the applicant anticipates investing a minimum of $90 million in tangible business personal property, including tenant improvements and fixtures, furnishings, and equipment and owner anticipates investing approximately $390 million in real property improvements, for the construction of the building, by 2028.

The post City of Dallas Looking to Give Tax Breaks For Goldman Sachs Downtown Development appeared first on Connect CRE.

At its June 22 Dallas City Council meeting, the council will consider entering into a business personal property tax abatement program for a Goldman Sachs sponsored project at 2323 N. Field Street. Since the project is within a proposed State of Texas Neighborhood Empowerment Zone (NEZ) the applicant is entitled to a number of tax …
The post City of Dallas Looking to Give Tax Breaks For Goldman Sachs Downtown Development appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

New Start for Houston Senior Center Destroyed in Hurricane – Robert Khodadadian

New Start for Houston Senior Center Destroyed in Hurricane – Robert Khodadadian 2100 Memorial was so damaged during Hurricane Harvey four years ago, it had to be demolished. The Houston Housing Authority, and many of those involved in the rebuild staged a groundbreaking for a brand new 2100 Memorial. The site has been cleared and is ready for the needed site work before vertical construction can begin. …
The post New Start for Houston Senior Center Destroyed in Hurricane appeared first on Connect CRE.

2100 Memorial was so damaged during Hurricane Harvey four years ago, it had to be demolished. The Houston Housing Authority, and many of those involved in the rebuild staged a groundbreaking for a brand new 2100 Memorial. The site has been cleared and is ready for the needed site work before vertical construction can begin. Sendero Industries is providing the site work and Block Companies will head up the construction effort.

The 196-unit, seniors only, affordable housing project will start moving people in Spring of 2024. “Housing is more than buildings and units; the lack of quality affordable housing is a leading driver of wealth and health disparities, and our seniors are among the most vulnerable,” said LaRence Snowden, Chair of HHA Board of Commissioners. “From transforming existing communities with modern updates and resident resources, to implementing innovative solutions to increase the availability of affordable units throughout the city, HHA is committed to providing beneficial and sustainable housing opportunities.”

The post New Start for Houston Senior Center Destroyed in Hurricane appeared first on Connect CRE.

2100 Memorial was so damaged during Hurricane Harvey four years ago, it had to be demolished. The Houston Housing Authority, and many of those involved in the rebuild staged a groundbreaking for a brand new 2100 Memorial. The site has been cleared and is ready for the needed site work before vertical construction can begin. …
The post New Start for Houston Senior Center Destroyed in Hurricane appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Rancho Mission Viejo Hosts Healthy Living Event – Robert Khodadadian

Rancho Mission Viejo Hosts Healthy Living Event – Robert Khodadadian Ranch Camp, Rancho Mission Viejo’s new state-of-the-art recreational amenity, was the setting for a healthy living event, hosted by the community in partnership with the Orange County Urban Land Institute. The conversation centered on the role home and community development have on health and well-being. “We were honored to be able to host this event …
The post Rancho Mission Viejo Hosts Healthy Living Event appeared first on Connect CRE.

Ranch Camp, Rancho Mission Viejo’s new state-of-the-art recreational amenity, was the setting for a healthy living event, hosted by the community in partnership with the Orange County Urban Land Institute. The conversation centered on the role home and community development have on health and well-being.

“We were honored to be able to host this event at Ranch Camp, our new amenity that prioritizes well-being with outdoor experiences, improves our quality of living and brings the community together,” said Paul Johnson, executive vice president of community development, Rancho Mission Viejo. Ranch Camp features the 20,000-square-foot Ranch Cove, open-air fitness center, lap pool, trailhead and visitor’s center.

“In the last couple of years, more people are aware that health and well-being outcomes are a direct result of the environments where we live, recreate and now, work remotely. The Ranch is just one example of a community that encourages holistic well-being for residents and supports social engagement,” said Teri Slavik-Tsuyuki of the Global Wellness Institute, pictured speaking at the event.

The post Rancho Mission Viejo Hosts Healthy Living Event appeared first on Connect CRE.

Ranch Camp, Rancho Mission Viejo’s new state-of-the-art recreational amenity, was the setting for a healthy living event, hosted by the community in partnership with the Orange County Urban Land Institute. The conversation centered on the role home and community development have on health and well-being. “We were honored to be able to host this event …
The post Rancho Mission Viejo Hosts Healthy Living Event appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Dallas-Area Southlake Marketplace Getting a New Look – Robert Khodadadian

Dallas-Area Southlake Marketplace Getting a New Look – Robert Khodadadian Two equity firms are joining forces to dress up a 132,000 square retail center in Southlake. SHOP Development and 2GR Equity bought the center with the intent of revamping the 1990’s-era center on the Southlake/Keller border. The project, at the southeast corner of Southlake Blvd and Davis Blvd, will see upgrades which include facade enhancements, …
The post Dallas-Area Southlake Marketplace Getting a New Look appeared first on Connect CRE.

Two equity firms are joining forces to dress up a 132,000 square retail center in Southlake. SHOP Development and 2GR Equity bought the center with the intent of revamping the 1990’s-era center on the Southlake/Keller border.

The project, at the southeast corner of Southlake Blvd and Davis Blvd, will see upgrades which include facade enhancements, landscape improvements and the likely addition of two restaurants.

“We’ve got some big plans to freshen up Southlake Marketplace. I was born and raised nearby and still live just a few miles from the property. We’re excited to get it transformed,” said 2GR Equity’s David Gregory.

The center, which is the site of a Hobby Lobby, Urban Air and Starbucks, is currently 92% occupied.

The post Dallas-Area Southlake Marketplace Getting a New Look appeared first on Connect CRE.

Two equity firms are joining forces to dress up a 132,000 square retail center in Southlake. SHOP Development and 2GR Equity bought the center with the intent of revamping the 1990’s-era center on the Southlake/Keller border. The project, at the southeast corner of Southlake Blvd and Davis Blvd, will see upgrades which include facade enhancements, …
The post Dallas-Area Southlake Marketplace Getting a New Look appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

58,000 Square Foot Office Sold in Corpus Christi – Robert Khodadadian

58,000 Square Foot Office Sold in Corpus Christi – Robert Khodadadian The building was sold, but you’d never know it. The owner and tenant, Alorica, will stay put. Marcus & Millichap’s Benedict Gutierrez represented the buyer, “Alorica proved its commitment to this location after signing a new, long-term lease and investing over $4 million in capital improvement.” The buyer was HMVP Holdings. The nearly 10-acre property …
The post 58,000 Square Foot Office Sold in Corpus Christi appeared first on Connect CRE.

The building was sold, but you’d never know it. The owner and tenant, Alorica, will stay put. Marcus & Millichap’s Benedict Gutierrez represented the buyer, “Alorica proved its commitment to this location after signing a new, long-term lease and investing over $4 million in capital improvement.” The buyer was HMVP Holdings.

The nearly 10-acre property is a high traffic area along State Route 358 and South Padre Island Avenue. It’s also near Corpus Christi International Airport and the South Padre National Seashore.

Alorica is a customer service provider with 200 national clients.

The post 58,000 Square Foot Office Sold in Corpus Christi appeared first on Connect CRE.

The building was sold, but you’d never know it. The owner and tenant, Alorica, will stay put. Marcus & Millichap’s Benedict Gutierrez represented the buyer, “Alorica proved its commitment to this location after signing a new, long-term lease and investing over $4 million in capital improvement.” The buyer was HMVP Holdings. The nearly 10-acre property …
The post 58,000 Square Foot Office Sold in Corpus Christi appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Wheelock Acquires Two Premium San Diego Hotels – Robert Khodadadian

Wheelock Acquires Two Premium San Diego Hotels – Robert Khodadadian Wheelock Street Capital has announced the acquisition of two limited service assets in San Diego’s Gaslamp Quarter, the Courtyard by Marriott and the Moxy San Diego. Island Hospitality, which has a significant presence in California, will assume management responsibilities under Wheelock’s ownership. The 90-room Courtyard and the 126-room Moxy are located on Sixth Avenue, just …
The post Wheelock Acquires Two Premium San Diego Hotels appeared first on Connect CRE.

Wheelock Street Capital has announced the acquisition of two limited service assets in San Diego’s Gaslamp Quarter, the Courtyard by Marriott and the Moxy San Diego. Island Hospitality, which has a significant presence in California, will assume management responsibilities under Wheelock’s ownership.

The 90-room Courtyard and the 126-room Moxy are located on Sixth Avenue, just a short walk from the San Diego Convention Center and Petco Park. The Courtyard features a popular rooftop bar and event space, the Nolen, which offers panoramic views of the San Diego skyline.

“The properties are an excellent fit for our current acquisition criteria given their institutional quality, A+ locations and strong positioning within the market,” said Wheelock’s Chris Mejia in a news release. “The market and properties continue to outperform expectations, and we look forward to working with Island Hospitality to further enhance the properties’ positioning as first choices among travelers visiting San Diego.”

The post Wheelock Acquires Two Premium San Diego Hotels appeared first on Connect CRE.

Wheelock Street Capital has announced the acquisition of two limited service assets in San Diego’s Gaslamp Quarter, the Courtyard by Marriott and the Moxy San Diego. Island Hospitality, which has a significant presence in California, will assume management responsibilities under Wheelock’s ownership. The 90-room Courtyard and the 126-room Moxy are located on Sixth Avenue, just …
The post Wheelock Acquires Two Premium San Diego Hotels appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

BPG to Transform Iconic San Francisco Office Tower – Robert Khodadadian

BPG to Transform Iconic San Francisco Office Tower – Robert Khodadadian Barker Pacific Group (BPG) has announced it will transform Citigroup Center at One Sansome, the soaring 42-story tower, into a new entertainment and hospitality hub as San Francisco’s Financial District welcomes back workers, conventioners and tourists. BPG, which has already spent more than $100 million in renovations since acquiring One Sansome in 2010, will redo …
The post BPG to Transform Iconic San Francisco Office Tower appeared first on Connect CRE.

Barker Pacific Group (BPG) has announced it will transform Citigroup Center at One Sansome, the soaring 42-story tower, into a new entertainment and hospitality hub as San Francisco’s Financial District welcomes back workers, conventioners and tourists.

BPG, which has already spent more than $100 million in renovations since acquiring One Sansome in 2010, will redo the building’s expansive lobby and atrium into a gathering place for the neighborhood. Plans call for a stylish private event facility, an eye-popping local bar and an upscale restaurant arranged across multiple ground-floor spaces.

Newly formed hospitality company PLEASE FIDI, LLC has signed a lease with BPG to operate the restaurant, bar and event facility as well as provide catering. “One Sansome is central to San Francisco’s Financial District, offering a perfect location to host a wide range of business and social functions in an iconic, light filled space with easy transit access,” said BPG’s CEO Michael Barker in a news release.

The post BPG to Transform Iconic San Francisco Office Tower appeared first on Connect CRE.

Barker Pacific Group (BPG) has announced it will transform Citigroup Center at One Sansome, the soaring 42-story tower, into a new entertainment and hospitality hub as San Francisco’s Financial District welcomes back workers, conventioners and tourists. BPG, which has already spent more than $100 million in renovations since acquiring One Sansome in 2010, will redo …
The post BPG to Transform Iconic San Francisco Office Tower appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

California Workforce Expands, but Labor Supply Constraints Continue – Robert Khodadadian

California Workforce Expands, but Labor Supply Constraints Continue – Robert Khodadadian The Beacon Employment Report has been released and it shows that even as the Golden State’s labor market continued to expand at a steady pace in April, labor supply continued to throttle job growth. California has recovered just 91% of the jobs that were lost at the onset of the pandemic and there are 240,000 …
The post California Workforce Expands, but Labor Supply Constraints Continue appeared first on Connect CRE.

The Beacon Employment Report has been released and it shows that even as the Golden State’s labor market continued to expand at a steady pace in April, labor supply continued to throttle job growth. California has recovered just 91% of the jobs that were lost at the onset of the pandemic and there are 240,000 fewer people working in the state.

The report, issued jointly with the UCR School of Business Center for Economic Forecasting and Development, indicates April’s total nonfarm employment grew by 41,000 in April, compared to a revised 74,000 in March. However, compared to March of 2020, California employment has contracted 1.4%, compared to 0.8% nationally.

“Labor supply remains the biggest constraint to job growth in the state,” said Beacon’s Taner Osman in a news release. “And as employers seek to ramp up employment during the seasonally strong summer months, worker scarcity will continue to place upward pressure on wages.”

The post California Workforce Expands, but Labor Supply Constraints Continue appeared first on Connect CRE.

The Beacon Employment Report has been released and it shows that even as the Golden State’s labor market continued to expand at a steady pace in April, labor supply continued to throttle job growth. California has recovered just 91% of the jobs that were lost at the onset of the pandemic and there are 240,000 …
The post California Workforce Expands, but Labor Supply Constraints Continue appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Fitch: CMBS Defaults Leveled Off in 2021  – Robert Khodadadian

Fitch: CMBS Defaults Leveled Off in 2021  – Robert Khodadadian U.S. CMBS loan defaults declined significantly in 2021 compared with 2020, as the resumption of economic activity supported a recovery in asset performance and property cash flows from their pandemic lows, Fitch Ratings reported in its US CMBS 2021 Loan Default Study. The total annual default rate for Fitch-rated CMBS transactions declined to 0.4% in 2021, …
The post Fitch: CMBS Defaults Leveled Off in 2021  appeared first on Connect CRE.

U.S. CMBS loan defaults declined significantly in 2021 compared with 2020, as the resumption of economic activity supported a recovery in asset performance and property cash flows from their pandemic lows, Fitch Ratings reported in its US CMBS 2021 Loan Default Study. The total annual default rate for Fitch-rated CMBS transactions declined to 0.4% in 2021, down from 3.3% in 2020. 

The cumulative default rate ticked down to 18.0% from 18.2%, due to a sharply lower 2021 term default rate of 0.3%, down from 2020’s 3.1%, and robust issuance volume. Maturity defaults rose to 0.17% from 0.13% with a higher volume of maturing loans in 2021 relative to 2020. 

Retail loans accounted for the largest share of total defaults by balance in 2021 at 41.8%, down from 43.5% in 2020. Regional malls represented 61.3% of total retail defaults and six of the 10 largest overall defaults. Fitch expects maturing class B/C mall loans will comprise a larger share of retail defaults in 2022. 

Hotel defaults reversed course in 2021, declining to 28.2% from 43.5% in 2020. The share of office defaults grew in 2021 to 17.6% from 7.8% in 2020, mainly due to term defaults of pre-pandemic underperformers concentrated in New York and Chicago.  

Fitch said it expects the annual default rate to remain low and the cumulative rate to decline modestly in 2022. Maturity defaults will accelerate and represent a larger share of overall defaults, as early CMBS 2.0 transactions mature and interest rates rise. 
 

The post Fitch: CMBS Defaults Leveled Off in 2021  appeared first on Connect CRE.

U.S. CMBS loan defaults declined significantly in 2021 compared with 2020, as the resumption of economic activity supported a recovery in asset performance and property cash flows from their pandemic lows, Fitch Ratings reported in its US CMBS 2021 Loan Default Study. The total annual default rate for Fitch-rated CMBS transactions declined to 0.4% in 2021, …
The post Fitch: CMBS Defaults Leveled Off in 2021  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

JLL Arranges Financing for MultiFam in Salem – Robert Khodadadian

JLL Arranges Financing for MultiFam in Salem – Robert Khodadadian JLL Capital Markets has arranged $8 million in acquisition financing for Sunnyview Village, a 58-unit, garden-style community in Salem, OR. The JLL Debt Advisory team of Charles Halladay, Jonah Aelyon, Alek Kaculini and Charlie Watson secured the three-year, floating-rate loan through Ready Capital for the borrower, One Degree Acquisitions. Located at 4200 Sunnyview Rd., the …
The post JLL Arranges Financing for MultiFam in Salem appeared first on Connect CRE.

JLL Capital Markets has arranged $8 million in acquisition financing for Sunnyview Village, a 58-unit, garden-style community in Salem, OR. The JLL Debt Advisory team of Charles Halladay, Jonah Aelyon, Alek Kaculini and Charlie Watson secured the three-year, floating-rate loan through Ready Capital for the borrower, One Degree Acquisitions.

Located at 4200 Sunnyview Rd., the two-story community consists of seven buildings, with units averaging 916 square feet. The property offers convenient access to Route 99E and Interstate 5 and is located near several large employers, including the Oregon State Capital and a global e-commerce distribution center.

“One Degree Acquistions continues to find great opportunities that benefit from the strong fundamentals witnessed in multi-housing product today,” said Halladay in a news release. “Sunnyview was a great example of this, and Ready Capital did an excellent job closing this loan in a volatile lending environment.”

The post JLL Arranges Financing for MultiFam in Salem appeared first on Connect CRE.

JLL Capital Markets has arranged $8 million in acquisition financing for Sunnyview Village, a 58-unit, garden-style community in Salem, OR. The JLL Debt Advisory team of Charles Halladay, Jonah Aelyon, Alek Kaculini and Charlie Watson secured the three-year, floating-rate loan through Ready Capital for the borrower, One Degree Acquisitions. Located at 4200 Sunnyview Rd., the …
The post JLL Arranges Financing for MultiFam in Salem appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Investment Firm Nabs Portland-Area Multifamily Community – Robert Khodadadian

Investment Firm Nabs Portland-Area Multifamily Community – Robert Khodadadian Los Angeles-based MJW Investments has acquired Avenue 66 apartments, an off-market 56-unit property situated in one of the fastest growing Portland, OR submarkets. Avenue 66 is a low density, garden style complex that features one- and two-bedroom floor plans that average 840 square feet. The community is located in Vancouver, WA which has seen 18% …
The post Investment Firm Nabs Portland-Area Multifamily Community appeared first on Connect CRE.

Los Angeles-based MJW Investments has acquired Avenue 66 apartments, an off-market 56-unit property situated in one of the fastest growing Portland, OR submarkets. Avenue 66 is a low density, garden style complex that features one- and two-bedroom floor plans that average 840 square feet.

The community is located in Vancouver, WA which has seen 18% population growth in the last decade thanks partly to unique tax benefits for residents who pay no income tax and shop in Portland, which has no sales tax. Despite the strong rent growth, the development pipeline remains limited.

“We’ve been eyeing Vancouver as a preferred marked and we’re excited to finally dip our toes in with this acquisition. The area’s natural tax advantages and continued job growth, coupled with MJW’s asset centric strategy, make this an asset we expect to hold for years to come,” said MJW’s Founder and President, Mark Weinstein.

The post Investment Firm Nabs Portland-Area Multifamily Community appeared first on Connect CRE.

Los Angeles-based MJW Investments has acquired Avenue 66 apartments, an off-market 56-unit property situated in one of the fastest growing Portland, OR submarkets. Avenue 66 is a low density, garden style complex that features one- and two-bedroom floor plans that average 840 square feet. The community is located in Vancouver, WA which has seen 18% …
The post Investment Firm Nabs Portland-Area Multifamily Community appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Ontario’s Charlmont Village Sells for $24M – Robert Khodadadian

Ontario’s Charlmont Village Sells for $24M – Robert Khodadadian A Beverly Hills-based private investment group has purchased the 55-unit, 3.5-acre Charlmont Village Townhomes in Ontario, CA. Built in 1984, the property offers two-, three- and four-bedroom units with attached garages that average 1,100 square feet. Otto Ozen with Mogharebi Group represented the seller. The acquisition indicates that the Inland Empire continues to be red …
The post Ontario’s Charlmont Village Sells for $24M appeared first on Connect CRE.

A Beverly Hills-based private investment group has purchased the 55-unit, 3.5-acre Charlmont Village Townhomes in Ontario, CA. Built in 1984, the property offers two-, three- and four-bedroom units with attached garages that average 1,100 square feet. Otto Ozen with Mogharebi Group represented the seller.

The acquisition indicates that the Inland Empire continues to be red hot for multifamily assets, with the Charlmont sales price of $435,000 per unit representing a 65% year-over-year increase over last year’s median price in the region. 

Located at 1625 East G St., Charlmont Village Townhomes has easy access to Interstate 10 and Ontario Airport, is in proximity to several employment centers and is just 40 miles east of downtown Los Angeles.

The post Ontario’s Charlmont Village Sells for $24M appeared first on Connect CRE.

A Beverly Hills-based private investment group has purchased the 55-unit, 3.5-acre Charlmont Village Townhomes in Ontario, CA. Built in 1984, the property offers two-, three- and four-bedroom units with attached garages that average 1,100 square feet. Otto Ozen with Mogharebi Group represented the seller. The acquisition indicates that the Inland Empire continues to be red …
The post Ontario’s Charlmont Village Sells for $24M appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Capital Grille signs with Tishman Speyer, Irvine at MetLife Building – Robert Khodadadian

Tishman Speyer and Irvine Company are heating things up at 200 Park Avenue with a major restaurant lease. Capital Grille signed a 15,000-square-foot lease at the building, where it will replace Naples 45 along East 45th Street, the New York Post reported. The deal, which includes outdoor space, is reportedly one of the largest for …

Sagaponack waterfront estate sells for almost $48M – Robert Khodadadian

Adjacent Sagaponack parcels, one with a waterfront mansion, have been snapped up by an undisclosed buyer for almost all of the $48 million being asked. The sale took place in the “pre-marketing” phase of the listing, according to the Wall Street Journal, meaning it hadn’t even made it to market. The parcels are at 35 …

Madison Realty Capital Lends $23M on Nashville Resi Towers – Robert Khodadadian

Madison Realty Capital Lends $23M on Nashville Resi Towers – Robert Khodadadian M2 Development Partners has landed $23 million of construction financing to build two residential towers in Nashville, Commercial Observer has learned. Madison Realty Capital originated the loan for the pre-development work of M2’s project in Nashville’s Midtown and SoBro neighborhoods.  “As prominent businesses across industries such as Amazon, Ernst & Young, AllianceBernstein and Oracle move

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M2 Development Partners has landed $23 million of construction financing to build two residential towers in Nashville, Commercial Observer has learned.

Madison Realty Capital originated the loan for the pre-development work of M2’s project in Nashville’s Midtown and SoBro neighborhoods. 

“As prominent businesses across industries such as Amazon, Ernst & Young, AllianceBernstein and Oracle move and expand into Nashville, demand for high-quality residences continues to grow significantly,” Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a statement. “We are pleased to support two projects strategically located in Nashville poised to capitalize on the neighborhood’s live, work and shop proposition as renters seek modern, amenity-rich living options amid a dynamic employment market.” 

Zegen added that Nashville-based M2 is very committed to Tennessee’s largest city with plans to break ground on a new Ritz-Carlton hotel and residential tower later this year. 

The new multifamily development includes a 1.14-acre site on 500 Lafayette Street in Nashville’s SoBro section, where plans call for a roughly 340-unit building, outdoor space and underground parking. Another 15-story tower with 139 units will rise on a 0.78-acre site at 17th Avenue North and Patterson Street in the Midtown neighborhood. 

“Madison provided us with the necessary capital to continue advancing our pre-development activities with an eye on commencing construction in the fourth quarter of 2022,” Timothy Morris, managing principal of M2 Development Partners, said in a statement. 

Andrew Coen can be reached at acoen@commercialobserver.com

 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Amazon to scrap industrial properties in warehouse strategy flip – Robert Khodadadian

Amazon is looking to put more on the market than its offerings as a one-stop shopping hub, reportedly backing off a chunk of industrial real estate. The e-commerce giant is looking to sublet at least 10 million square feet of warehouse space, people familiar with the situation tolf Bloomberg. The company could also end some …

Phoenix Condo Complex Sells for $8.2 Million – Robert Khodadadian

Phoenix Condo Complex Sells for $8.2 Million – Robert Khodadadian SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the Phoenix community over 20 years ago. Two decades later, he was able to act as the agent for the seller of 66 of the condo units for $8.2 million, or $125,000 a unit. The property, …
The post Phoenix Condo Complex Sells for $8.2 Million appeared first on Connect CRE.

SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the Phoenix community over 20 years ago. Two decades later, he was able to act as the agent for the seller of 66 of the condo units for $8.2 million, or $125,000 a unit. The property, located at 3810 N. Maryvale Parkway has 123 units, many still owned by individual buyers.

The buyer plans to do some light interior upgrades and would like to acquire additional units to take control of the community’s home owners association.

Lee says he learned a lot from a 20 year process, “Never say never. I told myself I would never do a deal like that again but it came back around again.” Adding, it took persistence and consistency.

The post Phoenix Condo Complex Sells for $8.2 Million appeared first on Connect CRE.

SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the Phoenix community over 20 years ago. Two decades later, he was able to act as the agent for the seller of 66 of the condo units for $8.2 million, or $125,000 a unit. The property, …
The post Phoenix Condo Complex Sells for $8.2 Million appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County – Robert Khodadadian

Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County – Robert Khodadadian An entrepreneurial, pickleball-playing couple and a group of private investors have signed a lease with May | Riegler Properties for 15,000 square feet of space at 9179 Red Branch Road in Columbia, MD. As a result, Dill Dinkers, the first dedicated indoor pickleball facility in Howard County, will open this fall. The property is a …
The post Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County appeared first on Connect CRE.

An entrepreneurial, pickleball-playing couple and a group of private investors have signed a lease with May | Riegler Properties for 15,000 square feet of space at 9179 Red Branch Road in Columbia, MD. As a result, Dill Dinkers, the first dedicated indoor pickleball facility in Howard County, will open this fall.

The property is a one-story building containing 60,000 square feet of flex/industrial space. Bill Harrison and Eric Skogmo of Lee & Associates represented the tenant.

“My wife and I were playing pickleball in a converted horse arena in PA that lacked heat and proper restrooms during the middle of the winter and place was packed with participants,” said tenant Will Richards. “After conducting research about the sport and available indoor facilities both locally and nationally, we focused our real estate search in the Howard County region.”

Dill Dinkers will offer drop-in play, leagues and tournaments, education and fun programming on six indoor pickleball courts.

The post Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County appeared first on Connect CRE.

An entrepreneurial, pickleball-playing couple and a group of private investors have signed a lease with May | Riegler Properties for 15,000 square feet of space at 9179 Red Branch Road in Columbia, MD. As a result, Dill Dinkers, the first dedicated indoor pickleball facility in Howard County, will open this fall. The property is a …
The post Dill Dinkers to Serve Up First Indoor Pickleball Facility in Howard County appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Tenant-Leased NoVa Data Center Trades to San Francisco Buyer – Robert Khodadadian

Tenant-Leased NoVa Data Center Trades to San Francisco Buyer – Robert Khodadadian San Francisco, CA-based GI Partners has acquired 22262 Cloud Plaza, a data center in Sterling, VA that is currently leased by a global technology firm. The seller, Sentinel Data Centers, was represented by CBRE and will retain a minority interest in the ownership of the property. Cloud Plaza was delivered and fully commissioned in 2019. …
The post Tenant-Leased NoVa Data Center Trades to San Francisco Buyer appeared first on Connect CRE.

San Francisco, CA-based GI Partners has acquired 22262 Cloud Plaza, a data center in Sterling, VA that is currently leased by a global technology firm.

The seller, Sentinel Data Centers, was represented by CBRE and will retain a minority interest in the ownership of the property.

Cloud Plaza was delivered and fully commissioned in 2019. The 238,000-square-foot property serves as a key network location and offers over 46 MW of critical power in an energy efficient design, meeting the existing tenant’s stringent quality requirements.

“We are seeing increased net absorption for data center capacity broadly, and users placing premium value on locating at network-differentiated assets like Cloud Plaza,” said John Sheputis, managing director at GI partners and head of acquisitions for GI Partners Real Estate. We believe that the addition of this fortress-like asset to our data center portfolio will reduce our overall risk while providing accretive returns over the long-term.”

The post Tenant-Leased NoVa Data Center Trades to San Francisco Buyer appeared first on Connect CRE.

San Francisco, CA-based GI Partners has acquired 22262 Cloud Plaza, a data center in Sterling, VA that is currently leased by a global technology firm. The seller, Sentinel Data Centers, was represented by CBRE and will retain a minority interest in the ownership of the property. Cloud Plaza was delivered and fully commissioned in 2019. …
The post Tenant-Leased NoVa Data Center Trades to San Francisco Buyer appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Ten Capital Management Acquires SunTech Commerce Park in Orlando – Robert Khodadadian

Ten Capital Management Acquires SunTech Commerce Park in Orlando – Robert Khodadadian Cleveland, OH-based Ten Capital Management has completed the acquisition of SunTech Commerce Park in the Orlando submarket of Lake Mary, FL. The six-building, 224,359-square-foot Class A flex-office/light industrial park sits on 19.3 acres along Skyline Drive.   The property is positioned directly on a tech/Industrial corridor with 1,333 linear feet of prime frontage along Interstate 4. …
The post Ten Capital Management Acquires SunTech Commerce Park in Orlando appeared first on Connect CRE.

Cleveland, OH-based Ten Capital Management has completed the acquisition of SunTech Commerce Park in the Orlando submarket of Lake Mary, FL. The six-building, 224,359-square-foot Class A flex-office/light industrial park sits on 19.3 acres along Skyline Drive.  

The property is positioned directly on a tech/Industrial corridor with 1,333 linear feet of prime frontage along Interstate 4. It is located 0.2 miles from the I-4 on-ramp and six miles from the Central Florida Greenway for access to Orlando International Airport.

In March of 2021, Ten Capital acquired five buildings in Technology Park also in in Lake Mary, FL. This 297,386-square-foot flex-office/light industrial facility is within half a mile of the SunTech acquisition.

According to TCM, the company makes equity investments between $10 and $35 million, targeting transactions which fall “below the radar” of larger institutional investors.

The post Ten Capital Management Acquires SunTech Commerce Park in Orlando appeared first on Connect CRE.

Cleveland, OH-based Ten Capital Management has completed the acquisition of SunTech Commerce Park in the Orlando submarket of Lake Mary, FL. The six-building, 224,359-square-foot Class A flex-office/light industrial park sits on 19.3 acres along Skyline Drive.   The property is positioned directly on a tech/Industrial corridor with 1,333 linear feet of prime frontage along Interstate 4. …
The post Ten Capital Management Acquires SunTech Commerce Park in Orlando appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

MG Developer to Build $204M, 450-Unity Residential Tower Complex in Miami – Robert Khodadadian

MG Developer to Build $204M, 450-Unity Residential Tower Complex in Miami – Robert Khodadadian Coral Gables-based MG Developer is building a $204 million, two-tower luxury residential multifamily in Miami. MG Developer has partnered with The Baron Property Group to develop Merrick Parc and with Colliers International to finance an initial $24 million tranche with $13 million in equity financing. The initial land acquisition debt financing was provided by S3 …
The post MG Developer to Build $204M, 450-Unity Residential Tower Complex in Miami appeared first on Connect CRE.

Coral Gables-based MG Developer is building a $204 million, two-tower luxury residential multifamily in Miami.

MG Developer has partnered with The Baron Property Group to develop Merrick Parc and with Colliers International to finance an initial $24 million tranche with $13 million in equity financing. The initial land acquisition debt financing was provided by S3 Capital.

The mixed-use project will consist of 450 rental units including studios, one- and two-bedroom apartments with parking, retail space for shops and dining venues. The architectural team overseeing the design is Behar & Font.

Merrick Parc will site on a 43,785 square foot site near The Shops at Merrick Park and the University of Miami, bordering Coral Gables. The property is located four miles away from the Tri-Rail station, four miles away from the Miami International Airport, five miles away from Brickell, eight miles away from Wynwood and 13 miles away from Miami Beach.

The post MG Developer to Build $204M, 450-Unity Residential Tower Complex in Miami appeared first on Connect CRE.

Coral Gables-based MG Developer is building a $204 million, two-tower luxury residential multifamily in Miami. MG Developer has partnered with The Baron Property Group to develop Merrick Parc and with Colliers International to finance an initial $24 million tranche with $13 million in equity financing. The initial land acquisition debt financing was provided by S3 …
The post MG Developer to Build $204M, 450-Unity Residential Tower Complex in Miami appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Standard to Convert Providence Multifamily from Market to Affordable – Robert Khodadadian

Standard to Convert Providence Multifamily from Market to Affordable – Robert Khodadadian Standard Communities has acquired Tanglewood Village, a 176-unit multifamily in the Providence submarket of West Warwick, RI, and led a public-private partnership to convert the market-rate property into long-term dedicated affordable housing. No existing residents will be displaced. “Fair market rents in Providence have increased almost 9% in the last year and are expected to …
The post Standard to Convert Providence Multifamily from Market to Affordable appeared first on Connect CRE.

Standard Communities has acquired Tanglewood Village, a 176-unit multifamily in the Providence submarket of West Warwick, RI, and led a public-private partnership to convert the market-rate property into long-term dedicated affordable housing. No existing residents will be displaced.

“Fair market rents in Providence have increased almost 9% in the last year and are expected to increase just as much next year, making the conversion of Tanglewood Village from market-rate to affordable housing even more important,” Joon Lee, managing director of strategic capital at Standard Communities.

Tanglewood Village consists of nine three-story garden-style apartment buildings on 11 acres. Standard Communities plans a $3 million renovation that includes energy efficiency upgrades and addressing deferred maintenance. Oil heating systems will be converted to gas. Standard acquired Tanglewood Village through its Community Development and Affordable Housing Fund IV, which focuses on preserving at-risk affordable housing in New England. Standard Communities’ affordable portfolio in RI now total five properties with 650 units.

The post Standard to Convert Providence Multifamily from Market to Affordable appeared first on Connect CRE.

Standard Communities has acquired Tanglewood Village, a 176-unit multifamily in the Providence submarket of West Warwick, RI, and led a public-private partnership to convert the market-rate property into long-term dedicated affordable housing. No existing residents will be displaced. “Fair market rents in Providence have increased almost 9% in the last year and are expected to …
The post Standard to Convert Providence Multifamily from Market to Affordable appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Related Beal, Jamestown Ink Nine Leases Worth 260K SF in Boston’s IDB – Robert Khodadadian

Related Beal, Jamestown Ink Nine Leases Worth 260K SF in Boston’s IDB – Robert Khodadadian Related Beal and Jamestown have signed 260,000 square feet of life science leasing at the Innovation and Design Building located within the Raymond L. Flynn Marine Park in Boston’s Eastern Seaport neighborhood. The deals involve the conversion of office space into lab facilities. The leases are expected to bring more than 700 jobs to the …
The post Related Beal, Jamestown Ink Nine Leases Worth 260K SF in Boston’s IDB appeared first on Connect CRE.

Related Beal and Jamestown have signed 260,000 square feet of life science leasing at the Innovation and Design Building located within the Raymond L. Flynn Marine Park in Boston’s Eastern Seaport neighborhood. The deals involve the conversion of office space into lab facilities.

The leases are expected to bring more than 700 jobs to the area and include:

Entrada Therapeutics, 81,400 square feetShape Therapeutics, 36,500 square feetJnana Therapeutics, 36,400 square feetRatio Therapeutics, 19,000 square feetVedere Bio II, 18,900 square feetSeeker Biologics, ~18,300 square feetElektrofi, 18,200 square feetAktis Oncology, 17,900 square feetHotspot Therapeutics, 17,300 square feet

Jamestown purchased The IDB in 2013 and invested more than $200 million in the revitalization of the building. Since the announcement of Jamestown’s joint venture with Related Fund Management in 2020, the firms have invested substantially more to further enhance the property and attract and retain research-based life science and creative companies.

The IDB is now home to the Boston Design Center and a mix of companies including architecture and creative studios, manufacturing, research and development firms and technology startups.

The post Related Beal, Jamestown Ink Nine Leases Worth 260K SF in Boston’s IDB appeared first on Connect CRE.

Related Beal and Jamestown have signed 260,000 square feet of life science leasing at the Innovation and Design Building located within the Raymond L. Flynn Marine Park in Boston’s Eastern Seaport neighborhood. The deals involve the conversion of office space into lab facilities. The leases are expected to bring more than 700 jobs to the …
The post Related Beal, Jamestown Ink Nine Leases Worth 260K SF in Boston’s IDB appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Hotel-to-Multifamily Conversion Brings New Business Stream to RKW – Robert Khodadadian

Hotel-to-Multifamily Conversion Brings New Business Stream to RKW – Robert Khodadadian Charlotte, NC-based RKW Residential multifamily management firm has been assigned four Spoke-branded hotel-to-multifamily conversion properties from developer Blaze Capital Partners. Charlotte – Spoke at McCullough Station (124 units located to the University of North Carolina-Charlotte) and Spoke at Tyvola (116 units within the Southwest submarket) Atlanta, Spoke at Peachtree Corners (92 units within Atlanta TechPark) …
The post Hotel-to-Multifamily Conversion Brings New Business Stream to RKW appeared first on Connect CRE.

Charlotte, NC-based RKW Residential multifamily management firm has been assigned four Spoke-branded hotel-to-multifamily conversion properties from developer Blaze Capital Partners.

Charlotte – Spoke at McCullough Station (124 units located to the University of North Carolina-Charlotte) and Spoke at Tyvola (116 units within the Southwest submarket)Atlanta, Spoke at Peachtree Corners (92 units within Atlanta TechPark)Savannah, Spoke Savannah (106 units in the historic district)

According the RKW, hotel-to-multifamily conversions gained steam during the pandemic as an efficient and cost-effective way to address the housing affordability challenge. With intense demand for rental product in major metropolitan areas throughout the nation, such conversions are now considered a long-term solution.

“We are bullish on the viability of hotel-to-multifamily conversions,” said RKW CEO Marcie Williams. “These Spoke-branded projects in Charlotte and Georgia are already generating tremendous pre-leasing interest.”

Photo: Spoke Savannah

The post Hotel-to-Multifamily Conversion Brings New Business Stream to RKW appeared first on Connect CRE.

Charlotte, NC-based RKW Residential multifamily management firm has been assigned four Spoke-branded hotel-to-multifamily conversion properties from developer Blaze Capital Partners. Charlotte – Spoke at McCullough Station (124 units located to the University of North Carolina-Charlotte) and Spoke at Tyvola (116 units within the Southwest submarket) Atlanta, Spoke at Peachtree Corners (92 units within Atlanta TechPark) …
The post Hotel-to-Multifamily Conversion Brings New Business Stream to RKW appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Hopkinsville Multifam Turns to Greystone for $17M Fannie Mae Refi Loan – Robert Khodadadian

Hopkinsville Multifam Turns to Greystone for $17M Fannie Mae Refi Loan – Robert Khodadadian Greystone has provided a $17-million Fannie Mae Delegated Underwriting Services loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, managing director at Greystone. The 10-year, fixed-rate Fannie Mae loan for Aspen Meadow includes interest-only payments for the full term of the loan. Acquired in October 2020, the …
The post Hopkinsville Multifam Turns to Greystone for $17M Fannie Mae Refi Loan appeared first on Connect CRE.

Greystone has provided a $17-million Fannie Mae Delegated Underwriting Services loan to refinance a 258-unit multifamily property in Hopkinsville, KY.

The transaction was originated by Lorie Hanson, managing director at Greystone.

The 10-year, fixed-rate Fannie Mae loan for Aspen Meadow includes interest-only payments for the full term of the loan. Acquired in October 2020, the property has received nearly $1 million in capital expenditures including both interior and exterior upgrades and to the common amenities.

“The borrowers were wonderful to work with and moved quickly to take advantage of an early rate lock, in an increasing interest rate environment,” said Hanson. “They have invested in a long-term hold of the property and this Fannie Mae refinance enables them to preserve this asset.”

The post Hopkinsville Multifam Turns to Greystone for $17M Fannie Mae Refi Loan appeared first on Connect CRE.

Greystone has provided a $17-million Fannie Mae Delegated Underwriting Services loan to refinance a 258-unit multifamily property in Hopkinsville, KY. The transaction was originated by Lorie Hanson, managing director at Greystone. The 10-year, fixed-rate Fannie Mae loan for Aspen Meadow includes interest-only payments for the full term of the loan. Acquired in October 2020, the …
The post Hopkinsville Multifam Turns to Greystone for $17M Fannie Mae Refi Loan appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Kroger to Complete Retail Lineup at $120M MarketPlace Terrell Mill in Marietta – Robert Khodadadian

Kroger to Complete Retail Lineup at $120M MarketPlace Terrell Mill in Marietta – Robert Khodadadian Atlanta, GA-based joint venture partners CONNOLLY and Eden Rock Real Estate have started construction of the Kroger at MarketPlace Terrell Mill, a $120-million mixed-use project in Marietta. The Kroger project’s general contractor is Collins and Arnold Construction Company, the civil engineer is Robertson Loia Roof and the architect is CR Architects and Design. Kroger is …
The post Kroger to Complete Retail Lineup at $120M MarketPlace Terrell Mill in Marietta appeared first on Connect CRE.

Atlanta, GA-based joint venture partners CONNOLLY and Eden Rock Real Estate have started construction of the Kroger at MarketPlace Terrell Mill, a $120-million mixed-use project in Marietta.

The Kroger project’s general contractor is Collins and Arnold Construction Company, the civil engineer is Robertson Loia Roof and the architect is CR Architects and Design.

Kroger is constructing a 90,000-square-foot building on a 10.8-acre parcel of land and joins a lineup of restaurants and services at the village-style destination. CONNOLLY has already developed and sold parcels that house Chick-fil-A, Panera Bread, Regions Bank and Wendy’s. Extra Space Storage occupies a 98,676-square-foot building.

The residential component of the project, Marketplace Village, is a multifamily community of 298 one- and two-bedroom apartments. The three-story complex was completed in 2020 and is 95% leased.

MarketPlace Terrell Mill is situated on nearly 24 acres and comprised of eight land parcels that CONNOLLY and Eden Rock Real Estate assembled in 2018.

The post Kroger to Complete Retail Lineup at $120M MarketPlace Terrell Mill in Marietta appeared first on Connect CRE.

Atlanta, GA-based joint venture partners CONNOLLY and Eden Rock Real Estate have started construction of the Kroger at MarketPlace Terrell Mill, a $120-million mixed-use project in Marietta. The Kroger project’s general contractor is Collins and Arnold Construction Company, the civil engineer is Robertson Loia Roof and the architect is CR Architects and Design. Kroger is …
The post Kroger to Complete Retail Lineup at $120M MarketPlace Terrell Mill in Marietta appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Picking Office Locations Post-Roe v. Wade: ‘Nobody Wants to Touch It’ – Robert Khodadadian

Picking Office Locations Post-Roe v. Wade: ‘Nobody Wants to Touch It’ – Robert Khodadadian Companies saw this case looming like a “hurricane swirling off the coast.” So the bombshell report in early May that the U.S. Supreme Court intended to use Dobbs v. Jackson Women’s Health Organization to in effect overturn the judicial precedent protecting abortion nationwide reverberated quickly across corporate America, according to Jen Stark, the incoming co-director

,

Companies saw this case looming like a “hurricane swirling off the coast.” So the bombshell report in early May that the U.S. Supreme Court intended to use Dobbs v. Jackson Women’s Health Organization to in effect overturn the judicial precedent protecting abortion nationwide reverberated quickly across corporate America, according to Jen Stark, the incoming co-director of the Center for Business and Social Justice. 

The uncompromising language in a leaked draft decision in the case underscored the urgency of the issue, and its potential to change how companies think about talent attraction and retention, human resources and health care policies, and the increasingly tricky job of site selection and locating offices across the country. 

“Basically, nobody wants to touch it, but everybody has to,” said Alison Taylor, executive director of Ethical Systems at New York University’s Stern School of Business, about the expected post-Roe v. Wade future arriving this summer. While many companies have remained silent in light of the draft decision, most are already in frenzied debate about what to do next. 

Site selection — an increasingly politicized, often fraught process, with corporations weighing talent recruitment, the potential wrath of local leaders, and the message they’re sending to consumers — has become even more complicated. The draft decision overturning Roe v. Wade has certainly upped the stakes for companies, since the existence of trigger laws and increasingly more restrictive aborition laws would immediately outlaw the practice in at least 13 states, threatening in particular one of the last decade’s economic development success stories, the so-called Texas Miracle. 

“Between developers and major real estate brokers in Texas, nobody’s excited about abortion becoming illegal,” said John Boyd, principal of The Boyd Company, a national site-selection firm. “There’s a concern from states in the Sun Belt that have been so successful that you can’t take the economic development success for granted. There’s legitimate concerns that this could eliminate a Texas city or put a rival location over the top.”

Not all companies, and not all facilities and locations, will look past the bottom line and give a second thought to fraught social and political issues. But with such a tight labor market, and fierce competition for talent, especially diverse talent, many firms will need to grapple with how new legislation and court precedents affect their operations. 

“Companies no longer view headquarters relocations as shuffling people and real estate. They’re part of a company’s brand, and a pivot point in their history,” Boyd said. 

The site-selection process for companies has already seen radical shifts in recent years, according to Wayne Gearey, chief labor economist for Savills. Labor issues — finding a site with the right cultural, social and, yes, political fit for the workforce — has become the driving concern in recent years. Deep data analytics go into making these decisions, including reams of demographic and financial information, psychographic segmentation, even scraping LinkedIn to see if local labor pools have sufficient skills and specialties. Analyses look down to the neighborhood level; it’s not about red and blue states, Gearey said, but a much more granular look at red and blue markets.

“Companies aren’t making decisions quickly,” Gearey said. “They’re being very cautious. Understanding politics here is important to understanding human, social, cultural capital.”

The Amazon HQ2 contest five years ago — which pitted municipalities and their incentive packages against each other, and showcased the data-heavy aspects of this kind of site search — also brought these issues to a wider audience. So did a recent run of electric vehicle and battery plants, including the Tesla Gigafactory in Sparks, Nev., and the FoxConn disaster in Wisconsin, where a $4.1 billion subsidy package for a cutting-edge electronics factory resulted in no new manufacturing plant.

Candidates from both political parties run on policies they argue will improve the business climate and create jobs. But Republicans in particular have enacted a number of economic policies and social legislation around hot-button issues, moves that the 24-hour news cycle and social media have amplified, and that have led to business losses and relocation. These include North Carolina’s Transgender Bathroom Ban Bill (which cost the state an estimated $3.76 billion in lost business, including the loss of a new office for real estate data firm CoStar); Indiana’s Religious Freedom Bill (which cost Indianapolis millions in convention business); and Major League Baseball pulling out of hosting the All-Star Game in Atlanta over Geogia’s restrictive voting laws. 

“Companies are only as good as their people, and this is a time of historic mobility, especially in the tech industry,” Boyd said. “Companies are conscious of not just brand implications of being in a state that’s criticized for banning abortion. It creates HR challenges in an already tight labor market.”  

Boyd suggests that booming cities like Phoenix and Nashville may suffer from restrictive laws and social legislation. 

“The site selection is a science and an art,” Boyd said. “There’s the measurement of taxes and business costs. It’s the qualitative part of the process, which looks into lifestyle issues, the attitude of HR leaders — that’s the art. 

The impact this will have on retaining and attracting female talent will be significant, said Stark. Her recent article on the business impact of Roe’s downfall cites research by Morning Consult that shows by a 2-to-1 margin employed adults would prefer to live in a state where abortion is legal and accessible, and 70 percent of consumers believe it’s important for companies to take a stand on social issues. Also, a new study found existing abortion restrictions already cause $105 billion in economic losses annually, including lost wages and retention. 

“What we’re fielding at a national level is business not minding extreme public policy in the state for many years on this issue,” Stark said. “Why haven’t we seen a similar response today, like we did to the 2016 North Carolina bathroom bill, to an issue that affects the health care of half the workplace? Because there’s a larger issue where we don’t fully monetize the impact of barriers to women being fully productive in the workplace, like child care. This is another issue where we don’t fully value women’s time and labor.” 

Analysts believe companies, especially those in service, tech, finance and design, will definitely provide employee health benefits to maintain access to abortions. Taylor of the Stern school says she believes this may be another reason to grant more remote work privileges to workers, and will push firms to have internal debates on these issues. Companies with operations in states with trigger laws may be offered access to these policies so their health care will be protected.

“Because of multiple extreme public policy measures, companies already have a playbook, if you will, for mitigating the harm of extreme social policy in the states,” Stark said. “Now it’s an opportunity to expand that to include abortion.”

Companies are now “beyond the performative” reactions to this issue, she said, and should take effective steps, such as minding where they host events and conferences, or locate future operations based on a state’s social policy climate. This draft of the Dobbs v. Jackson decison has raised alarms among many that the current Supreme Court may go after other court-affirmed rights, making this a true Cassandra moment for women’s rights supporters and abortion rights advocates. 

“There’s now going to become a trade-off between favorable tax regimes and health care and hassle, and the cost of having to deal with this issue,” Taylor said. “I don’t see how any kind of mid- or large-sized multinational cannot provide health care coverage or travel. There’s going to be so much employee pressure. We will tend to see it from any company that cares about their reputation, or has white-collar employees.”

Taylor also sees polarization and sorting increasing, and certain companies shying away from red states, as companies see the risks of providing health care and dealing with pushback from politicians, like Disney’s tussle with Florida Gov. Ron DeSantis, who orchestrated a move to strip the company of its special tax district because of its stance against the state’s so-called “Don’t Say Gay” law.

“Would you want to deal with that?” Taylor said. “Companies are lying awake at night, sweating, worrying about becoming the next Disney.” 

Amid these challenges, there are potential states that may see more attention from firms looking to avoid the challenges of locating in states like Texas or Florida, while still tapping into vibrant local economies and talent pools. Boyd suggested that firms may divide their locations, placing high-tech, white-collar work in blue states while locating manufacturing and less skilled labor in red states. In addition, states like Colorado and North Carolina, both led by pro-business Democrats with great job creation numbers and low taxes, and Nevada, with a growing tech sector and the right to abortion enshrined in state law, present less expensive options for those seeking to cater to a more liberal-minded workforce. Reno, Nev., which has seen extensive growth due the Tesla Gigafactory and low tax rates, offers an easy relocation option for Silicon Valley firms bristling at California’s higher costs of doing business.

“Austin, because of all the growth and success, is already experiencing a lot of wage and real estate inflationary pressures,” Boyd said. “This [Dobbs decision] on top of that could be another economic development narrative for a market like northern Nevada.” 

Boyd said blue states in the Northeast, such as New Jersey, are positioning themselves as inclusive, welcoming business climates. Netflix, which has checked out Fort Monmouth, N.J., as a potential production site, reportedly received a call from New Jersey Gov. Phil Murphy after Georgia, another film powerhouse, passed its new voting laws.  

Not everyone believes that the draft Dobbs decision has the potential to radically change how companies look at locations. Incentives, labor availability and costs, as well as logistics and supply-chain issues, impact these decisions much more than political issues, said C.J. Girod, managing principal and founder of Responsible Economic Development Incentives, a consultancy that works to eliminate wasteful spending in economic development. 

“It’s obviously an issue where there are folks on both sides, and I don’t know that corporations want to be in the business of picking a side on this,” Girod said. “In my mind, this is different than other issues, and it’ll be harder for corporate America to take a position on this, versus, say, the transgender bill in North Carolina.” 

Business as usual, especially the way that massive money is spent on subsidies to lure business, isn’t likely to change due to political disagreements, said Pat Garofalo, an incentives expert and the director of state and local policy at the American Economic Liberties Project. For instance, Disney’s battle over the special tax district in Florida hasn’t impacted its chance to land a $570 million state subsidy for a new campus in Lake Nona, Fla. 

Others see the political winds changing, causing a pushback against ESG requirements and so-called “woke culture,” said Boyd. There’s also a question that executives are asking about blue state cities, and their issues with crime, homelessness and cost of housing issues. It seems like office politics has taken on a new, more difficult dimension.

“We’re in this spiral,” Taylor said. “And this is only going to get worse in the near future.” 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Picking Office Locations Post-Roe v. Wade: ‘Nobody Wants to Touch It’ – Robert Khodadadian

Picking Office Locations Post-Roe v. Wade: ‘Nobody Wants to Touch It’ – Robert Khodadadian Companies saw this case looming like a “hurricane swirling off the coast.” So the bombshell report in early May that the U.S. Supreme Court intended to use Dobbs v. Jackson Women’s Health Organization to in effect overturn the judicial precedent protecting abortion nationwide reverberated quickly across corporate America, according to Jen Stark, the incoming co-director

,

Companies saw this case looming like a “hurricane swirling off the coast.” So the bombshell report in early May that the U.S. Supreme Court intended to use Dobbs v. Jackson Women’s Health Organization to in effect overturn the judicial precedent protecting abortion nationwide reverberated quickly across corporate America, according to Jen Stark, the incoming co-director of the Center for Business and Social Justice. 

The uncompromising language in a leaked draft decision in the case underscored the urgency of the issue, and its potential to change how companies think about talent attraction and retention, human resources and health care policies, and the increasingly tricky job of site selection and locating offices across the country. 

“Basically, nobody wants to touch it, but everybody has to,” said Alison Taylor, executive director of Ethical Systems at New York University’s Stern School of Business, about the expected post-Roe v. Wade future arriving this summer. While many companies have remained silent in light of the draft decision, most are already in frenzied debate about what to do next. 

Site selection — an increasingly politicized, often fraught process, with corporations weighing talent recruitment, the potential wrath of local leaders, and the message they’re sending to consumers — has become even more complicated. The draft decision overturning Roe v. Wade has certainly upped the stakes for companies, since the existence of trigger laws and increasingly more restrictive aborition laws would immediately outlaw the practice in at least 13 states, threatening in particular one of the last decade’s economic development success stories, the so-called Texas Miracle. 

“Between developers and major real estate brokers in Texas, nobody’s excited about abortion becoming illegal,” said John Boyd, principal of The Boyd Company, a national site-selection firm. “There’s a concern from states in the Sun Belt that have been so successful that you can’t take the economic development success for granted. There’s legitimate concerns that this could eliminate a Texas city or put a rival location over the top.”

Not all companies, and not all facilities and locations, will look past the bottom line and give a second thought to fraught social and political issues. But with such a tight labor market, and fierce competition for talent, especially diverse talent, many firms will need to grapple with how new legislation and court precedents affect their operations. 

“Companies no longer view headquarters relocations as shuffling people and real estate. They’re part of a company’s brand, and a pivot point in their history,” Boyd said. 

The site-selection process for companies has already seen radical shifts in recent years, according to Wayne Gearey, chief labor economist for Savills. Labor issues — finding a site with the right cultural, social and, yes, political fit for the workforce — has become the driving concern in recent years. Deep data analytics go into making these decisions, including reams of demographic and financial information, psychographic segmentation, even scraping LinkedIn to see if local labor pools have sufficient skills and specialties. Analyses look down to the neighborhood level; it’s not about red and blue states, Gearey said, but a much more granular look at red and blue markets.

“Companies aren’t making decisions quickly,” Gearey said. “They’re being very cautious. Understanding politics here is important to understanding human, social, cultural capital.”

The Amazon HQ2 contest five years ago — which pitted municipalities and their incentive packages against each other, and showcased the data-heavy aspects of this kind of site search — also brought these issues to a wider audience. So did a recent run of electric vehicle and battery plants, including the Tesla Gigafactory in Sparks, Nev., and the FoxConn disaster in Wisconsin, where a $4.1 billion subsidy package for a cutting-edge electronics factory resulted in no new manufacturing plant.

Candidates from both political parties run on policies they argue will improve the business climate and create jobs. But Republicans in particular have enacted a number of economic policies and social legislation around hot-button issues, moves that the 24-hour news cycle and social media have amplified, and that have led to business losses and relocation. These include North Carolina’s Transgender Bathroom Ban Bill (which cost the state an estimated $3.76 billion in lost business, including the loss of a new office for real estate data firm CoStar); Indiana’s Religious Freedom Bill (which cost Indianapolis millions in convention business); and Major League Baseball pulling out of hosting the All-Star Game in Atlanta over Geogia’s restrictive voting laws. 

“Companies are only as good as their people, and this is a time of historic mobility, especially in the tech industry,” Boyd said. “Companies are conscious of not just brand implications of being in a state that’s criticized for banning abortion. It creates HR challenges in an already tight labor market.”  

Boyd suggests that booming cities like Phoenix and Nashville may suffer from restrictive laws and social legislation. 

“The site selection is a science and an art,” Boyd said. “There’s the measurement of taxes and business costs. It’s the qualitative part of the process, which looks into lifestyle issues, the attitude of HR leaders — that’s the art. 

The impact this will have on retaining and attracting female talent will be significant, said Stark. Her recent article on the business impact of Roe’s downfall cites research by Morning Consult that shows by a 2-to-1 margin employed adults would prefer to live in a state where abortion is legal and accessible, and 70 percent of consumers believe it’s important for companies to take a stand on social issues. Also, a new study found existing abortion restrictions already cause $105 billion in economic losses annually, including lost wages and retention. 

“What we’re fielding at a national level is business not minding extreme public policy in the state for many years on this issue,” Stark said. “Why haven’t we seen a similar response today, like we did to the 2016 North Carolina bathroom bill, to an issue that affects the health care of half the workplace? Because there’s a larger issue where we don’t fully monetize the impact of barriers to women being fully productive in the workplace, like child care. This is another issue where we don’t fully value women’s time and labor.” 

Analysts believe companies, especially those in service, tech, finance and design, will definitely provide employee health benefits to maintain access to abortions. Taylor of the Stern school says she believes this may be another reason to grant more remote work privileges to workers, and will push firms to have internal debates on these issues. Companies with operations in states with trigger laws may be offered access to these policies so their health care will be protected.

“Because of multiple extreme public policy measures, companies already have a playbook, if you will, for mitigating the harm of extreme social policy in the states,” Stark said. “Now it’s an opportunity to expand that to include abortion.”

Companies are now “beyond the performative” reactions to this issue, she said, and should take effective steps, such as minding where they host events and conferences, or locate future operations based on a state’s social policy climate. This draft of the Dobbs v. Jackson decison has raised alarms among many that the current Supreme Court may go after other court-affirmed rights, making this a true Cassandra moment for women’s rights supporters and abortion rights advocates. 

“There’s now going to become a trade-off between favorable tax regimes and health care and hassle, and the cost of having to deal with this issue,” Taylor said. “I don’t see how any kind of mid- or large-sized multinational cannot provide health care coverage or travel. There’s going to be so much employee pressure. We will tend to see it from any company that cares about their reputation, or has white-collar employees.”

Taylor also sees polarization and sorting increasing, and certain companies shying away from red states, as companies see the risks of providing health care and dealing with pushback from politicians, like Disney’s tussle with Florida Gov. Ron DeSantis, who orchestrated a move to strip the company of its special tax district because of its stance against the state’s so-called “Don’t Say Gay” law.

“Would you want to deal with that?” Taylor said. “Companies are lying awake at night, sweating, worrying about becoming the next Disney.” 

Amid these challenges, there are potential states that may see more attention from firms looking to avoid the challenges of locating in states like Texas or Florida, while still tapping into vibrant local economies and talent pools. Boyd suggested that firms may divide their locations, placing high-tech, white-collar work in blue states while locating manufacturing and less skilled labor in red states. In addition, states like Colorado and North Carolina, both led by pro-business Democrats with great job creation numbers and low taxes, and Nevada, with a growing tech sector and the right to abortion enshrined in state law, present less expensive options for those seeking to cater to a more liberal-minded workforce. Reno, Nev., which has seen extensive growth due the Tesla Gigafactory and low tax rates, offers an easy relocation option for Silicon Valley firms bristling at California’s higher costs of doing business.

“Austin, because of all the growth and success, is already experiencing a lot of wage and real estate inflationary pressures,” Boyd said. “This [Dobbs decision] on top of that could be another economic development narrative for a market like northern Nevada.” 

Boyd said blue states in the Northeast, such as New Jersey, are positioning themselves as inclusive, welcoming business climates. Netflix, which has checked out Fort Monmouth, N.J., as a potential production site, reportedly received a call from New Jersey Gov. Phil Murphy after Georgia, another film powerhouse, passed its new voting laws.  

Not everyone believes that the draft Dobbs decision has the potential to radically change how companies look at locations. Incentives, labor availability and costs, as well as logistics and supply-chain issues, impact these decisions much more than political issues, said C.J. Girod, managing principal and founder of Responsible Economic Development Incentives, a consultancy that works to eliminate wasteful spending in economic development. 

“It’s obviously an issue where there are folks on both sides, and I don’t know that corporations want to be in the business of picking a side on this,” Girod said. “In my mind, this is different than other issues, and it’ll be harder for corporate America to take a position on this, versus, say, the transgender bill in North Carolina.” 

Business as usual, especially the way that massive money is spent on subsidies to lure business, isn’t likely to change due to political disagreements, said Pat Garofalo, an incentives expert and the director of state and local policy at the American Economic Liberties Project. For instance, Disney’s battle over the special tax district in Florida hasn’t impacted its chance to land a $570 million state subsidy for a new campus in Lake Nona, Fla. 

Others see the political winds changing, causing a pushback against ESG requirements and so-called “woke culture,” said Boyd. There’s also a question that executives are asking about blue state cities, and their issues with crime, homelessness and cost of housing issues. It seems like office politics has taken on a new, more difficult dimension.

“We’re in this spiral,” Taylor said. “And this is only going to get worse in the near future.” 

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Brooklyn Heights penthouse breaks rental record – Robert Khodadadian

Less than a year after a Brooklyn Heights townhouse set the mark for the borough’s priciest rental, a nearby penthouse has beaten it — by a third. The penthouse at 67 Livingston Street was on the market for only two days before new tenants landed it for $40,000 a month — sight unseen. It’s the …

Manhattan retail rents tick up as recovery slogs along – Robert Khodadadian

Manhattan retail rents are on the rise, but remain below pre-pandemic peaks. Of the 17 major Manhattan retail corridors analyzed for a report by the Real Estate Board of New York, nine had average asking rent per square foot grow from Fall 2021. In the wake of the pandemic, supply chain issues, soaring prices and …

Introducing Equiem One: The First All-in-One TenX, Ops & Data Platform – Robert Khodadadian

Introducing Equiem One: The First All-in-One TenX, Ops & Data Platform – Robert Khodadadian Modern workplaces are complex spaces. A dizzying array of stakeholders contribute to the management of every office, including landlords, portfolio managers, building managers and workplace managers. The often tangled web of systems used by these stakeholders only intensifies that complexity. Data and analytics tools gauge the effectiveness of their strategies. A tenant experience platform harnesses

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Modern workplaces are complex spaces. A dizzying array of stakeholders contribute to the management of every office, including landlords, portfolio managers, building managers and workplace managers. The often tangled web of systems used by these stakeholders only intensifies that complexity.

Data and analytics tools gauge the effectiveness of their strategies. A tenant experience platform harnesses that engagement, driving users to interact with the building and all its amenities. Meanwhile, these amenities are managed – either online or manually – with more systems still.

At Equiem, we’ve spent more than a decade taking stock of the complicated world of commercial real estate. Today, we ask one simple question: What if everything could be managed with one tool? 

Equiem One is that tool.

What is Equiem One?

Equiem One is the next great leap forward for Equiem’s Workplace Experience technology, combining TenX, building ops, and data solutions in a single, streamlined hub.

By bringing everything Equiem does into one place, we’re making the workplace a more manageable, more human place. Every user can take advantage of a unique, customizable view that reflects their role within the broader ecosystem.

Each stakeholder’s view features the tools and information they need to do their job – all available at a glance. Workplace managers have all the content tools and management systems they need at their fingertips. Property managers reap the benefits of one simple yet feature-rich tool to manage all their building’s systems – from events planning to access management.   

Equiem one features interfaces tailored to each stakeholder’s needs.

For individual employees, Equiem One offers a more intuitive way of interacting with the workplace online. The modular design presents an instant, high-level overview of everything that matters to them, with dynamic news and events feeds sitting alongside tools to access amenities, building services, bookable spaces, and local food and retail providers.

And it’s easy to dig deeper. Each widget within the modular overview can be accessed, allowing full interaction with the systems in question. Users can read the content that catches their eye, RSVP to the events they’re looking forward to, access robust eCommerce shopping options, and more.

Connected spaces are collaborative spaces

Relying on disparate, even conflicting, systems can create roadblocks in the workplace. When building managers use different tools than workplace managers, collaboration can be hampered. By connecting every stakeholder with a single, shared system, our goal is to make the workplace a more collaborative space.

Our vision is a workplace where building managers can freely collaborate on content strategies with workplace managers; where the data generated from user engagement can be leveraged at every level of the organization to create a better workplace for the people who work there. And, of course, that improved experience will translate into deeper tenant loyalty and, ultimately, retention.

Uncompromising simplicity

Equiem One aims to simplify the way workplaces are managed without simplifying what they are capable of. Despite streamlining the tools, the features available are as powerful as ever. The ability to control spaces, content, events, and building operations is only deepened by bringing those tools onto a more collaborative platform.

In the end, that’s what Equiem One is all about. We have a vision of a more human workplace … a workplace that truly works for the people within it.

Equiem One makes that vision a reality.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Adaptive Reuse Offers Advantages to Affordable Housing Developers – Robert Khodadadian

Adaptive Reuse Offers Advantages to Affordable Housing Developers – Robert Khodadadian Taking vacant properties and adapting them for use as affordable housing can help developers save money while reducing their environmental footprint. Partner Insights spoke to Jack Bernhard, executive director of community development real estate for JPMorgan Chase, about this approach.   Commercial Observer: How much affordable housing across the country is currently adaptive reuse as

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Taking vacant properties and adapting them for use as affordable housing can help developers save money while reducing their environmental footprint. Partner Insights spoke to Jack Bernhard, executive director of community development real estate for JPMorgan Chase, about this approach.

 

Commercial Observer: How much affordable housing across the country is currently adaptive reuse as opposed to new construction?

Jack Bernhard

Jack Bernhard: I’d estimate around 25 percent of affordable housing is currently created through the adaptive reuse of properties. Today, most affordable housing is still new construction.

What are the benefits for developers of creating affordable housing through adaptive reuse?

These buildings are often located in favorable places. Schools, for example, are one of the building types that have been adapted into affordable housing because they’re typically located in residential areas. Schools generally have good bones, so they can be less expensive to convert. Adding new windows, mechanical systems and roofing with improved efficiency ratings can have a positive impact on the environment. Common spaces such as gyms or auditoriums can be adapted to create building amenities for the residents. Taking steps as small as replacing the windows can make a building more energy efficient while still preserving its character and that of the neighborhood.

What are some of the challenges faced by developers who engage in adaptive reuse for affordable housing?

Construction issues are probably the most challenging and costly. There was a building in Grand Rapids, Mich., that was constructed in different phases. One phase of the building was situated a foot lower than the other because the land shifted over time. Situations like this require an experienced developer who has encountered something like it before and knows how to handle it. In this case, the developer found a world-renowned structural engineer to assist and was able to complete the project within budget. Unforeseen issues like this are the reason we include a contingency factor of around 10 percent in the budget. Other challenges can be environmental. Buildings can have asbestos contamination, lead-based paint or underground storage tanks that had gasoline or oil stored in them. 

What programs does JPMorgan Chase have in place to assist those who are engaging in adaptive reuse?

There are a number of things we do to help bring these projects to fruition. First, there are tax-credit programs that can be used to help with the renovation and adaptive reuse of these buildings, including Low Income Housing Tax Credit (LIHTC), New Markets Tax Credit (NMTC) and Historic Tax Credit (HTC). JPMorgan Chase purchases these credits and invests the proceeds in the building. Chase has invested millions of dollars across the U.S., and those funds are used to renovate buildings into affordable housing or vital community facilities and small businesses that contribute to thriving neighborhoods. 

For example, last year we invested in a project on the South Side of Chicago. A storage building had been vacant for many years. It’s being converted into a healthy lifestyle building in an area lacking health care facilities and other neighborhood amenities, with the help of NMTC equity. 

JPMorgan Chase invests hundreds of millions of dollars to preserve and reuse existing buildings annually throughout the country.

 

Do you have a few other examples you can share?

We provided $85.5 million in construction/bridge financing for the redevelopment of Lawson House, Chicago’s 24-story, 583-unit single-resident-occupancy development, into a 409-unit affordable housing development with all units having their own bathrooms and kitchen areas. Chase invested $82 million in the project through the purchase of federal HTC and housing tax credit. This was the third-largest investment Chase ever made in an affordable housing development. Eighty percent of the units will be subject to project-based vouchers, and the other 20 percent will be restricted to tenants with incomes of 60 percent or less of average median income (AMI). We also provided a $15 million construction loan in Milwaukee to finance the renovation of a vacant three-story school into 42 units and the new construction of a building containing 40 units. Over 80 percent of this project will be affordable to families with incomes ranging between 30 and 60 percent of AMI.   

Are there any additional mechanisms in place for financial assistance from the government for developers doing adaptive reuse?

All the tax credit programs — LIHTC, NMTC and HTC — along with the funds provided by investors buying these credits are make-or-break for these projects. Without these programs, these projects would not happen, because they may not otherwise be economically feasible. Without these programs, a lot of buildings would just be demolished.

In addition, the government might freeze the taxes for a period of time, or the state could incentivize environmental cleanup with brownfield tax credits. Tax Increment Financing (TIF) is also an integral part of funding for these types of buildings, but is not available in all cities. 

How common do you see this sort of adaptive reuse becoming in the long term?

I think it’s going to be a popular trend as more properties become vacant due to fewer people working in offices, companies requiring less space, and schools closing due to declining enrollment or new schools being constructed to replace buildings that have become obsolete. Oftentimes these buildings are located in favorable areas where it’s typically harder for a developer to obtain space and the acquisition price may be satisfactory. It’s something we want developers to look at to help stabilize and improve a neighborhood. Neighborhoods are being revitalized by putting a building back into use and providing quality housing or services for the residents and community.

View more articles on affordable housing here.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

CoStar Group Publishes New Retail Sector Findings

CoStar Group Publishes New Retail Sector Findings businesswire.com – Researchers at CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercialTweeted by @NewsFromBW https://twitter.com/NewsFromBW/status/1527291773583695875

businesswire.com – Researchers at CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial

Tweeted by @NewsFromBW https://twitter.com/NewsFromBW/status/1527291773583695875Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

NNN Cap Rates Have Continued to Compress, Inflation Could Change That

NNN Cap Rates Have Continued to Compress, Inflation Could Change That globest.com – Voracious appetite for net-lease product has propped up values but if inflation continues to push the 10-Year Treasury up cap rates will follow.Tweeted by @PWcre https://twitter.com/PWcre/status/1527665509319188480

globest.com – Voracious appetite for net-lease product has propped up values but if inflation continues to push the 10-Year Treasury up cap rates will follow.

Tweeted by @PWcre https://twitter.com/PWcre/status/1527665509319188480Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Jonathan Gray, Ken Caplan and Kathleen McCarthy

Jonathan Gray, Ken Caplan and Kathleen McCarthy commercialobserver.com – A $550 billion global real estate portfolio that comprises some of the most coveted asset classes in some of the most competitive markets. Some of the most high-profile transactions in the industry. …Tweeted by @blackstone https://twitter.com/blackstone/status/1527681809995034627

commercialobserver.com – A $550 billion global real estate portfolio that comprises some of the most coveted asset classes in some of the most competitive markets. Some of the most high-profile transactions in the industry. …

Tweeted by @blackstone https://twitter.com/blackstone/status/1527681809995034627Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Local CRE Execs Launch Philly Chapter Of African American Real Estate Professionals

Local CRE Execs Launch Philly Chapter Of African American Real Estate Professionals bisnow.com – The founders of the Philadelphia chapter of African American Real Estate Professionals want to create a clearinghouse for diverse participation in CRE.Tweeted by @Bisnow https://twitter.com/Bisnow/status/1528677206150500352

bisnow.com – The founders of the Philadelphia chapter of African American Real Estate Professionals want to create a clearinghouse for diverse participation in CRE.

Tweeted by @Bisnow https://twitter.com/Bisnow/status/1528677206150500352Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

11 Best Real Estate Investing Apps in 2022

11 Best Real Estate Investing Apps in 2022 howtofire.com – Real estate investing apps allow you to monitor and keep track of your portfolio even on the go. Here are our top 11 apps to help you build your real estate portfolio.Tweeted by @BlankenshipFP https://twitter.com/BlankenshipFP/status/1527687602236805122

howtofire.com – Real estate investing apps allow you to monitor and keep track of your portfolio even on the go. Here are our top 11 apps to help you build your real estate portfolio.

Tweeted by @BlankenshipFP https://twitter.com/BlankenshipFP/status/1527687602236805122Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Council Post: The Transformation Of An Industry: Blockchain-Based Real Estate Assets

Council Post: The Transformation Of An Industry: Blockchain-Based Real Estate Assets forbes.com – The tokenization of real estate assets is flipping the equity and liquidity paradigm that has long limited real estate investment to the elite class of investors.Tweeted by @Web3Lua https://twitter.com/Web3Lua/status/1528535717248385028

forbes.com – The tokenization of real estate assets is flipping the equity and liquidity paradigm that has long limited real estate investment to the elite class of investors.

Tweeted by @Web3Lua https://twitter.com/Web3Lua/status/1528535717248385028Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Global Real Estate Returns Highest since 2006 on Industrial Strength

Global Real Estate Returns Highest since 2006 on Industrial Strength commercialsearch.com – The MSCI Global Annual Property Index for 2021 was the best annual performance since 2006.

commercialsearch.com – The MSCI Global Annual Property Index for 2021 was the best annual performance since 2006.

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

2022 Net Lease Office Sales Volume and Cap Rates

2022 Net Lease Office Sales Volume and Cap Rates commercialsearch.com – The single-tenant office market set two new records in 2021.

commercialsearch.com – The single-tenant office market set two new records in 2021.

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

How Much Money Do You Need to Invest in Real Estate?

How Much Money Do You Need to Invest in Real Estate? reliant-mgmt.com – Curious about the between residential and commercial real estate investing? We will explain how much money you really need to invest.Tweeted by @ReliantREM https://twitter.com/ReliantREM/status/1528526262993575936

reliant-mgmt.com – Curious about the between residential and commercial real estate investing? We will explain how much money you really need to invest.

Tweeted by @ReliantREM https://twitter.com/ReliantREM/status/1528526262993575936Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

CrowdStreet Review – Commercial Real Estate Investing

CrowdStreet Review – Commercial Real Estate Investing doughroller.net – If you’re looking to spread your investments into sophisticated commercial real estate, Crowdstreet is a platform you need to check out. It offers above average returns, and can be an excellent compl…Tweeted by @markinjax https://twitter.com/markinjax/status/1528639394713944065

doughroller.net – If you’re looking to spread your investments into sophisticated commercial real estate, Crowdstreet is a platform you need to check out. It offers above average returns, and can be an excellent compl…

Tweeted by @markinjax https://twitter.com/markinjax/status/1528639394713944065Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Maverick Buys $110M Note on Chetrit’s 34th Street Hotel  – Robert Khodadadian

Maverick Buys $110M Note on Chetrit’s 34th Street Hotel  – Robert Khodadadian Maverick Real Estate Partners has purchased the $110 million note on Chetrit Group’s planned 323-key hotel at 255 West 34th Street, sources familiar with the trade told Commercial Observer.  Maverick — a New York City-based firm that acquires and originates commercial real estate loans — purchased the loan at a “slight discount” to par, sources

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Maverick Real Estate Partners has purchased the $110 million note on Chetrit Group’s planned 323-key hotel at 255 West 34th Street, sources familiar with the trade told Commercial Observer. 

Maverick — a New York City-based firm that acquires and originates commercial real estate loans — purchased the loan at a “slight discount” to par, sources said, although the exact purchase price couldn’t immediately be ascertained.  

The debt opportunity wasn’t widely marketed but rather “quietly shopped” by Cushman & Wakefield’s Adam Spies, Lauren Kaufman and Daniel OBrien, sources said. 

According to city property records, Arbor Commercial Mortgage was the previous lender on the project. Arbor officials declined to comment. 

One source said the loan was current and “nearing maturity” at the time of the sale. 

Construction is currently underway at the hotel, which sits in a prime spot between Seventh and Eighth avenues overlooking Moynihan Train Hall and across from One Penn Plaza.  

The 155,594-square-foot hotel is designed by Stonehill Taylor Architects and planned as a Hotel Indigo, which is part of the IHG hotels and resorts family of brands. 

Like most other buildings under construction in New York City during the COVID-19 pandemic, the hotel’s development stalled during 2020, picking back up in late 2021. Chetrit is said to have recently invested a further $25 million into the asset. 

The developer jointly purchased an assemblage of retail properties at 251-263 West 34th Street with Cornell Realty Management  in 2014. The two firms later parted ways and divided the assemblage — each taking 80 feet of frontage — with Chetrit getting the 255 West 34th parcel and closing construction financing for its hotel and retail asset in 2017

The property includes 15,000 square feet of retail space, with hotel rooms starting on the fourth floor.

Elsewhere in New York City, Chetrit Group is having a busy second quarter. Only last week, the firm locked down $714 million in financing for the two Upper East Side rental towers it owns with Stellar Management

Officials at Chetrit Group couldn’t be reached for comment. Officials at Maverick Real Estate Partners didn’t return a request for comment. A C&W spokesperson declined to comment. 

Cathy Cunningham can be reached at ccunningham@commercialobserver.com.

,

In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Damac Properties Wins Site of Deadly Condo Collapse with $120M Bid – Robert Khodadadian

Damac Properties Wins Site of Deadly Condo Collapse with $120M Bid – Robert Khodadadian The site of the deadly collapse of the Champlain Towers South condominium in Surfside, Fla. will be sold to the stalking-horse bidder for $120 million, after no new bidders came forward ahead of a Friday deadline. The buyer is Dubai-based developer, Damac Properties. It made the offer back in August and has since had access

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The site of the deadly collapse of the Champlain Towers South condominium in Surfside, Fla. will be sold to the stalking-horse bidder for $120 million, after no new bidders came forward ahead of a Friday deadline.

The buyer is Dubai-based developer, Damac Properties. It made the offer back in August and has since had access to the 1.9-acre site to perform tests as part of its due diligence.   

The deal comes less than a year after the collapse last June and just over a week after another milestone in the case — an almost $1 billion settlement for the injured survivors and family members of the 98 victims. 

The proceeds of the land sale will go towards compensating the victims who lost property and the family members of the deceased. 

An auction was scheduled for this coming Tuesday. Avison Young’s Michael Fay, the broker leading the sale, said that other developers had expressed interest. But no competing came in by the deadline Friday, effectively canceling the auction. 

The oceanfront parcel sits in a prime spot, along the Surfside boardwalk and just north of Miami Beach at 8777 Collins Avenue. Damac, led by Hussain Sajwani, will most likely build a luxury condominium, a growing trend among developers looking to cash in on Miami’s red-hot residential market. 

The sale has come under fire from some family members, who proposed a land swap. They suggested that the nearby Surfside Community Center be sold instead, while the Champlain site would house a memorial. 

The land on which the Champlain building stood is a “burial site for us,” Carlos Wainberg, who lost family members in the collapse, said in a court hearing last September. “To see a high-end development built would be very hard for all of us.”

But Surfside town officials and Miami-Dade Circuit Court Judge Michael Hanzman, who’s presiding over the case, shot down the proposal. Hanzman has been clear from the outset that he wished to see the land sold promptly, so the victims could be compensated.

Julia Echikson can be reached at jechikson@commercialobserver.com

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

REAL ESTATE BRIEFS: MAY 21

REAL ESTATE BRIEFS: MAY 21 reviewjournal.com – Tour de France event comes to Las VegasTweeted by @PowerBrokerCRM https://twitter.com/PowerBrokerCRM/status/1527953101721698304

reviewjournal.com – Tour de France event comes to Las Vegas

Tweeted by @PowerBrokerCRM https://twitter.com/PowerBrokerCRM/status/1527953101721698304Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

CenterPoint Pays $47.5M for Miami Gardens Industrial Property

CenterPoint Pays $47.5M for Miami Gardens Industrial Property therealdeal.com – CenterPoint Properties bought an outdoor truck storage facility in Miami Gardens for $47.5 million.Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1527085685026410497

therealdeal.com – CenterPoint Properties bought an outdoor truck storage facility in Miami Gardens for $47.5 million.

Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1527085685026410497Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Central Florida tops strongest commercial real estate markets in US

Central Florida tops strongest commercial real estate markets in US thecapitolist.com – The Orlando-Kissimmee-Sanford metropolitan area is the strongest commercial real estate market in the nation, according to a recently published report by the National Association of Realtors. Orlando…Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1526994924251381760

thecapitolist.com – The Orlando-Kissimmee-Sanford metropolitan area is the strongest commercial real estate market in the nation, according to a recently published report by the National Association of Realtors. Orlando…

Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1526994924251381760Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Apollo Commercial Real Estate Finance: Challenges And Prospects

Apollo Commercial Real Estate Finance: Challenges And Prospects seekingalpha.com – Apollo Commercial Real Estate Finance is an American mortgage REIT company that has a portfolio that consists primarily of free float mortgages and is geographically diversified.Tweeted by @EINRealEstate https://twitter.com/EINRealEstate/status/1526714359157751810

seekingalpha.com – Apollo Commercial Real Estate Finance is an American mortgage REIT company that has a portfolio that consists primarily of free float mortgages and is geographically diversified.

Tweeted by @EINRealEstate https://twitter.com/EINRealEstate/status/1526714359157751810Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

New PE venture led by commercial real estate vets buys Boulder portfolio

New PE venture led by commercial real estate vets buys Boulder portfolio dailycamera.com – Good Investment Partners LLC, a new Denver-based private equity firm led by local commercial real estate veterans, has made a splash with the acquisition of a six-building portfolio in Boulder.Tweeted by @PowerBrokerCRM https://twitter.com/PowerBrokerCRM/status/1527455450521665536

dailycamera.com – Good Investment Partners LLC, a new Denver-based private equity firm led by local commercial real estate veterans, has made a splash with the acquisition of a six-building portfolio in Boulder.

Tweeted by @PowerBrokerCRM https://twitter.com/PowerBrokerCRM/status/1527455450521665536Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Built In Honors VTS Among the 2022 Best Places To Work Awards

Built In Honors VTS Among the 2022 Best Places To Work Awards benzinga.com – VTS Ranks On Built In’s Best Places To Work Lists In NYC, Chicago, and Austin New York, NY –News Direct– Built In today announced that VTS was honored in …Tweeted by @foolsbookie https://twitter.com/foolsbookie/status/1527302326741917698

benzinga.com – VTS Ranks On Built In’s Best Places To Work Lists In NYC, Chicago, and Austin New York, NY –News Direct– Built In today announced that VTS was honored in …

Tweeted by @foolsbookie https://twitter.com/foolsbookie/status/1527302326741917698Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Business Bridge Loans: How to Get Bridge Financing For Working Capital?

Business Bridge Loans: How to Get Bridge Financing For Working Capital? gudcapital.com – SBA Bridge Loans: When a business owner is awaiting permanent SBA financing to be put into place, they may seek a short-term financing options to help take care of some working capital needs. SBA bri…Tweeted by @GUDCapital https://twitter.com/GUDCapital/status/1528496691636215810

gudcapital.com – SBA Bridge Loans: When a business owner is awaiting permanent SBA financing to be put into place, they may seek a short-term financing options to help take care of some working capital needs. SBA bri…

Tweeted by @GUDCapital https://twitter.com/GUDCapital/status/1528496691636215810Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Fundrise Review 2022 | Invest In Real Estate With Just $10

Fundrise Review 2022 | Invest In Real Estate With Just $10 thesavvycouple.com – Real estate investing isn’t JUST for the rich people. Anyone can start investing in real estate and we’ll cover how it’s done in this Fundrise review!

thesavvycouple.com – Real estate investing isn’t JUST for the rich people. Anyone can start investing in real estate and we’ll cover how it’s done in this Fundrise review!

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial Foreclosures | Find Commercial Properties for Sale

Commercial Foreclosures | Find Commercial Properties for Sale bankforeclosuressale.com – Find commercial foreclosures for sale through our updated listings. Buy commercial properties from 30% to 60% below market value! SAVE NOW!Tweeted by @TQuestMind https://twitter.com/TQuestMind/status/1528333332362190848

bankforeclosuressale.com – Find commercial foreclosures for sale through our updated listings. Buy commercial properties from 30% to 60% below market value! SAVE NOW!

Tweeted by @TQuestMind https://twitter.com/TQuestMind/status/1528333332362190848Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Sunday Summary: The Power 100 for 2022!

Sunday Summary: The Power 100 for 2022! commercialobserver.com – Also, COVID-19 cases are on the rise again. What now for office and retail?Tweeted by @RKhodadadian https://twitter.com/RKhodadadian/status/1528374215975510017

commercialobserver.com – Also, COVID-19 cases are on the rise again. What now for office and retail?

Tweeted by @RKhodadadian https://twitter.com/RKhodadadian/status/1528374215975510017Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Is Airbnb playing a role in NYC’s skyrocketing rents? – Robert Khodadadian

Looking to rent an apartment in New York City? Maybe you should instead consider taking a vacation here. Curbed is reporting the number of short-term rentals of apartments through online services such as Airbnb in the Big Apple has exceeded the number of standard rental units — just as bidding wars have sent the cost …

China bans government elites from holding overseas real estate assets – Robert Khodadadian

That’s what Xi said. The Communist Party in China is banning its key members and their families from holding real estate assets abroad in a move it hopes will help insulate the government from potential sanctions by other countries. The Wall Street Journal is reporting a notice sent out by the party’s Central Organization Authority …

Surge in remote working a big deal for college towns like Knoxville and Athens – Robert Khodadadian

Remote work, which has surged for the past two pandemic years, is remapping the U.S., as fewer workers need to live in or near big cities. Initially, the only beneficiaries of this shift were vacation destinations in the mountains and by the water, but that growth model likely won’t last as housing costs and labor …

How CRE in Russia and Ukraine is Affecting U.S. Investors

How CRE in Russia and Ukraine is Affecting U.S. Investors leverage.com – As the war in Ukraine wears on, Russia’s economy, and the global commercial real estate economy, reel from its effects. What do we do now?

leverage.com – As the war in Ukraine wears on, Russia’s economy, and the global commercial real estate economy, reel from its effects. What do we do now?

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

15 Reasons Why eXp Commercial Is Turning Heads | eXp Life

15 Reasons Why eXp Commercial Is Turning Heads | eXp Life life.exprealty.com – Read 15 reasons why eXp Commercial is turning heads in the commercial real estate space. Read more on eXp Life.Tweeted by @marianhuish https://twitter.com/marianhuish/status/1527050909473046528

life.exprealty.com – Read 15 reasons why eXp Commercial is turning heads in the commercial real estate space. Read more on eXp Life.

Tweeted by @marianhuish https://twitter.com/marianhuish/status/1527050909473046528Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Can Real Estate Help You Hedge Against Inflation?

Can Real Estate Help You Hedge Against Inflation? blog.rismedia.com – By Brian Wallace 2022 has been seeing the cost of goods and services skyrocketing left and right. In fact, inflation is currently at its highest since 1982. Inflation is typically measured by compa…Tweeted by @HousecallBlog https://twitter.com/HousecallBlog/status/1527340809238024192

blog.rismedia.com – By Brian Wallace 2022 has been seeing the cost of goods and services skyrocketing left and right. In fact, inflation is currently at its highest since 1982. Inflation is typically measured by compa…

Tweeted by @HousecallBlog https://twitter.com/HousecallBlog/status/1527340809238024192Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

How to Find Commercial Real Estate in Los Angeles

How to Find Commercial Real Estate in Los Angeles squarefoot.com – As the home to growing industries such as biopharmaceuticals, aerospace, entertainment, and technology, Los Angeles is one of the hottest real estate marketsTweeted by @TheSqFt https://twitter.com/TheSqFt/status/1527676791816601602

squarefoot.com – As the home to growing industries such as biopharmaceuticals, aerospace, entertainment, and technology, Los Angeles is one of the hottest real estate markets

Tweeted by @TheSqFt https://twitter.com/TheSqFt/status/1527676791816601602Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Nancy Pelosi Net Worth: Massive At Over $100 Million

Nancy Pelosi Net Worth: Massive At Over $100 Million financialsamurai.com – Nancy Pelosi’ net worth is massive. She in the top 1% of all Americans. Nancy Pelosi’s net worth for 2020 is estimated to be roughly $150 million.Tweeted by @andreituru https://twitter.com/andreituru/status/1527278343984320513

financialsamurai.com – Nancy Pelosi’ net worth is massive. She in the top 1% of all Americans. Nancy Pelosi’s net worth for 2020 is estimated to be roughly $150 million.

Tweeted by @andreituru https://twitter.com/andreituru/status/1527278343984320513Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Dividend Hedge Info. Com

Dividend Hedge Info. Com getrevue.co – Weekly newsletter of Dividend Hedge Info.Com – Markets have been brutal.Tweeted by @plasticmoney888 https://twitter.com/plasticmoney888/status/1527730902326976512

getrevue.co – Weekly newsletter of Dividend Hedge Info.Com – Markets have been brutal.

Tweeted by @plasticmoney888 https://twitter.com/plasticmoney888/status/1527730902326976512Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Stonehill Expands Commercial Lending Business, Announces Strategic Leadership Additions – News

Stonehill Expands Commercial Lending Business, Announces Strategic Leadership Additions – News abladvisor.com – Stonehill, a direct lender on commercial real estate, announced the expansion of its leadership team with four senior executive hires. Joining the organization are Daniel Siegel, Greg Koenig, Nisu Me…

abladvisor.com – Stonehill, a direct lender on commercial real estate, announced the expansion of its leadership team with four senior executive hires. Joining the organization are Daniel Siegel, Greg Koenig, Nisu Me…

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Ladder Capital (NYSE:LADR) Upgraded to Hold by Zacks Investment Research

Ladder Capital (NYSE:LADR) Upgraded to Hold by Zacks Investment Research etfdailynews.com – Read Ladder Capital (NYSE:LADR) Upgraded to Hold by Zacks Investment Research at ETF Daily News

etfdailynews.com – Read Ladder Capital (NYSE:LADR) Upgraded to Hold by Zacks Investment Research at ETF Daily News

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Analyzing ACRES Commercial Realty (NYSE:ACR) and Chicago Atlantic Real Estate Finance (NASDAQ:REFI)

Analyzing ACRES Commercial Realty (NYSE:ACR) and Chicago Atlantic Real Estate Finance (NASDAQ:REFI) defenseworld.net – Read Analyzing ACRES Commercial Realty (NYSE:ACR) and Chicago Atlantic Real Estate Finance (NASDAQ:REFI) at Defense World

defenseworld.net – Read Analyzing ACRES Commercial Realty (NYSE:ACR) and Chicago Atlantic Real Estate Finance (NASDAQ:REFI) at Defense World

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Apollo Commercial: Double-Digit Dividend Yield, But Poor Price

Apollo Commercial: Double-Digit Dividend Yield, But Poor Price seekingalpha.com – Apollo Commercial (ARI) has one of the lowest D/E ratios among mortgage-based diversified REITs. See why I think ARI stock is not for risk-averse investors.Tweeted by @SeekingAlpha https://twitter.com/SeekingAlpha/status/1528303344854265856

seekingalpha.com – Apollo Commercial (ARI) has one of the lowest D/E ratios among mortgage-based diversified REITs. See why I think ARI stock is not for risk-averse investors.

Tweeted by @SeekingAlpha https://twitter.com/SeekingAlpha/status/1528303344854265856Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Ladder Capital (NYSE:LADR) Upgraded by Zacks Investment Research to Hold

Ladder Capital (NYSE:LADR) Upgraded by Zacks Investment Research to Hold defenseworld.net – Read Ladder Capital (NYSE:LADR) Upgraded by Zacks Investment Research to Hold at Defense World

defenseworld.net – Read Ladder Capital (NYSE:LADR) Upgraded by Zacks Investment Research to Hold at Defense World

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Stonehill Announces Strategic Leadership Additions to Expand Its Commercial Lending Business

Stonehill Announces Strategic Leadership Additions to Expand Its Commercial Lending Business finance.yahoo.com – ATLANTA, May 18, 2022–Stonehill, a direct lender on commercial real estate, announced the expansion of its leadership team with four senior executive hires.

finance.yahoo.com – ATLANTA, May 18, 2022–Stonehill, a direct lender on commercial real estate, announced the expansion of its leadership team with four senior executive hires.

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) vs. ACRES Commercial Realty (NYSE:ACR) Critical Review

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) vs. ACRES Commercial Realty (NYSE:ACR) Critical Review etfdailynews.com – Read Chicago Atlantic Real Estate Finance (NASDAQ:REFI) vs. ACRES Commercial Realty (NYSE:ACR) Critical Review at ETF Daily News

etfdailynews.com – Read Chicago Atlantic Real Estate Finance (NASDAQ:REFI) vs. ACRES Commercial Realty (NYSE:ACR) Critical Review at ETF Daily News

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

WS1308: The Benefits of Commercial RE Investment | #Highlights

WS1308: The Benefits of Commercial RE Investment | #Highlights lifebridgecapital.com – Many have proven that investing in commercial real estate is always a good idea. In today’s #Highlights episode, we look back at our conversations with successful real estate entrepreneurs Dr. Masaki…Tweeted by @whitney_sewell https://twitter.com/whitney_sewell/status/1527988322668363778

lifebridgecapital.com – Many have proven that investing in commercial real estate is always a good idea. In today’s #Highlights episode, we look back at our conversations with successful real estate entrepreneurs Dr. Masaki…

Tweeted by @whitney_sewell https://twitter.com/whitney_sewell/status/1527988322668363778Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Polsinelli Continues Expansion of National Real Estate Practice with Hiring of Jed W. Bonner, Emina Kwok, Patrick Maloney, and Scott Smithson | News …

Polsinelli Continues Expansion of National Real Estate Practice with Hiring of Jed W. Bonner, Emina Kwok, Patrick Maloney, and Scott Smithson | News … polsinelli.com – Am Law 100 firm Polsinelli continues its recent streak of noteworthy hires by announcing the addition of accomplished attorneys Jed W. Bonner, Emina Kwok, Patrick Maloney, and Scott Smithson to the f…Tweeted by @Polsinelli https://twitter.com/Polsinelli/status/1527722228548194304

polsinelli.com – Am Law 100 firm Polsinelli continues its recent streak of noteworthy hires by announcing the addition of accomplished attorneys Jed W. Bonner, Emina Kwok, Patrick Maloney, and Scott Smithson to the f…

Tweeted by @Polsinelli https://twitter.com/Polsinelli/status/1527722228548194304Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Bloomfield Hills’ Oak Real Estate Launches $500M Commercial Real Estate Financing Fund

Bloomfield Hills’ Oak Real Estate Launches $500M Commercial Real Estate Financing Fund dbusiness.com – Oak Real Estate in Bloomfield Hills has launched Oak Institutional Credit Solutions, a private real estate financing investment fund.Tweeted by @dbusiness https://twitter.com/dbusiness/status/1527741154304921602

dbusiness.com – Oak Real Estate in Bloomfield Hills has launched Oak Institutional Credit Solutions, a private real estate financing investment fund.

Tweeted by @dbusiness https://twitter.com/dbusiness/status/1527741154304921602Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial Real Estate Industry, Meet the Metaverse

Commercial Real Estate Industry, Meet the Metaverse loopnet.com – While it’s easy to dismiss the concept ofTweeted by @CoStarGroup https://twitter.com/CoStarGroup/status/1527659519152619520

loopnet.com – While it’s easy to dismiss the concept of

Tweeted by @CoStarGroup https://twitter.com/CoStarGroup/status/1527659519152619520Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

National Bank (NYSE:NBHC) vs. Chino Commercial Bancorp (OTCMKTS:CCBC) Financial Comparison

National Bank (NYSE:NBHC) vs. Chino Commercial Bancorp (OTCMKTS:CCBC) Financial Comparison etfdailynews.com – Read National Bank (NYSE:NBHC) vs. Chino Commercial Bancorp (OTCMKTS:CCBC) Financial Comparison at ETF Daily News

etfdailynews.com – Read National Bank (NYSE:NBHC) vs. Chino Commercial Bancorp (OTCMKTS:CCBC) Financial Comparison at ETF Daily News

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

These 3 Real Estate Stocks Focus on Growth, Not Dividends

These 3 Real Estate Stocks Focus on Growth, Not Dividends fool.com – You don’t have to give up on high returns to invest in real estate.Tweeted by @stockexamen https://twitter.com/stockexamen/status/1528061697264480263

fool.com – You don’t have to give up on high returns to invest in real estate.

Tweeted by @stockexamen https://twitter.com/stockexamen/status/1528061697264480263Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial real estate and your practice, part two with Colin Carr

Commercial real estate and your practice, part two with Colin Carr ophthalmologytimes.com – On this part two episode with Colin Carr, founder and CEO of CARR, we hear more about commercial real estate dos and don’ts when managing the space of your practice. Tune in now for the Q&A with Opht…Tweeted by @MedPubOphtha https://twitter.com/MedPubOphtha/status/1527984170563141634

ophthalmologytimes.com – On this part two episode with Colin Carr, founder and CEO of CARR, we hear more about commercial real estate dos and don’ts when managing the space of your practice. Tune in now for the Q&A with Opht…

Tweeted by @MedPubOphtha https://twitter.com/MedPubOphtha/status/1527984170563141634Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Smurf-erriffic! Michigan home seems to be inspired by cartoon – Robert Khodadadian

Is this roof awesome? Abso-Smurfly. A bright white Michigan mansion with a Smurf-esque blue roof is having its five minutes of internet fame as real estate window shoppers go gaga over its cartoon-esque looks. The New York Post is reporting the listing for the home in West Bloomfield, on the market for $4.19 million, makes …

Bridge Industrial Launches ESG Program  – Robert Khodadadian

Bridge Industrial Launches ESG Program  – Robert Khodadadian Bridge Industrial has formed an environmental, social, governance (ESG) program and is working with ESG consultancy firm Verdani Partners to ensure the smooth integration of the newly established program throughout the company’s corporate culture. In establishing the program, Bridge aims to create lasting value through sustainability.  To help spearhead the program, Bridge promoted Francesca De …
The post Bridge Industrial Launches ESG Program  appeared first on Connect CRE.

Bridge Industrial has formed an environmental, social, governance (ESG) program and is working with ESG consultancy firm Verdani Partners to ensure the smooth integration of the newly established program throughout the company’s corporate culture. In establishing the program, Bridge aims to create lasting value through sustainability. 

To help spearhead the program, Bridge promoted Francesca De Amicis to the firm’s VP of operations and sustainability. In this role, Francesca will be responsible for the implementation of policies and strategies which support and drive the organization’s ESG goals and will facilitate coordination between Bridge and Verdani. 

“We are impressed with Verdani’s track record of developing industry leading ESG programs for commercial real estate portfolios,” said De Amicis. “At Bridge, we want to demonstrate ESG leadership, and with Verdani’s partnership, we feel confident that we can make significant strides toward reaching net zero emissions and advancing decarbonization efforts in the industrial sector.”  

The post Bridge Industrial Launches ESG Program  appeared first on Connect CRE.

Bridge Industrial has formed an environmental, social, governance (ESG) program and is working with ESG consultancy firm Verdani Partners to ensure the smooth integration of the newly established program throughout the company’s corporate culture. In establishing the program, Bridge aims to create lasting value through sustainability.  To help spearhead the program, Bridge promoted Francesca De …
The post Bridge Industrial Launches ESG Program  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Newmark Completes Sale of Grocery-Anchored Martinez Center  – Robert Khodadadian

Newmark Completes Sale of Grocery-Anchored Martinez Center  – Robert Khodadadian Newmark has completed the sale of the Village Oaks, a 79,875-square-foot grocery- and drug-anchored community shopping center in Martinez, for an undisclosed amount.  The property traded from the seller, an undisclosed private family investor, to the buyer, an institutional investment group. Nicholas Bicardo, head of Retail Capital Markets for Northern California, represented the seller with associate …
The post Newmark Completes Sale of Grocery-Anchored Martinez Center  appeared first on Connect CRE.

Newmark has completed the sale of the Village Oaks, a 79,875-square-foot grocery- and drug-anchored community shopping center in Martinez, for an undisclosed amount. 
 
The property traded from the seller, an undisclosed private family investor, to the buyer, an institutional investment group. Nicholas Bicardo, head of Retail Capital Markets for Northern California, represented the seller with associate director Cheyne Bloch. 

“The sale of Village Oaks marks the first time this asset has traded in over 20 years, which is a testament to the property’s dominant market position and long-term stability,” said Bicardo. “We continue to see a tremendous amount of capital for well-located retail, especially grocery anchored, on the West Coast.” 
 
Located at 1185 Arnold Dr., the 7.94-acre property is anchored by Lucky California and Rite Aid. Currently it’s 96% leased to a diverse mix of other essential and necessity-based tenants within the financial, medical, restaurant and service retail sectors. 

The post Newmark Completes Sale of Grocery-Anchored Martinez Center  appeared first on Connect CRE.

Newmark has completed the sale of the Village Oaks, a 79,875-square-foot grocery- and drug-anchored community shopping center in Martinez, for an undisclosed amount.  The property traded from the seller, an undisclosed private family investor, to the buyer, an institutional investment group. Nicholas Bicardo, head of Retail Capital Markets for Northern California, represented the seller with associate …
The post Newmark Completes Sale of Grocery-Anchored Martinez Center  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton – Robert Khodadadian

Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton – Robert Khodadadian Chicago-based Waterton, a national real estate investor and operator, and Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, have reached an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.   The strategic investment will provide additional resources to Waterton while having no impact on …
The post Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton appeared first on Connect CRE.

Chicago-based Waterton, a national real estate investor and operator, and Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, have reached an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.  

The strategic investment will provide additional resources to Waterton while having no impact on the day-to-day management, operations or business decision-making process.  

Waterton will leverage the capital partnership for continued investment in new business initiatives and the growth of its multifamily, single family rental, seniors housing and hospitality strategies, as well as a focus on attracting, retaining and growing the firm’s talent.   

“The transaction is an exciting development for our organization and we believe that Almanac will be a great strategic partner for Waterton,” said David Schwartz, CEO and chairman at Waterton.  

He continued, “Almanac’s permanent capital, deep real estate experience and access to a range of global resources through Neuberger Berman, including its private wealth channel, will support the continued growth of Waterton and enhance the business platform over the long term.” 

Andrew Silberstein, managing director and head of private markets at Almanac, said, “Waterton has built a reputation, over the firm’s long history, as a best-in-class real estate investment manager, with particular expertise and operating capability in the multifamily sector. We are proud to be partnering with this impressive team on this next phase of their growth.” 

The post Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton appeared first on Connect CRE.

Chicago-based Waterton, a national real estate investor and operator, and Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, have reached an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.   The strategic investment will provide additional resources to Waterton while having no impact on …
The post Almanac Realty to Take Passive, Minority Stake in Chicago’s Waterton appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Affordable Developer Affirmed Housing Names New President  – Robert Khodadadian

Affordable Developer Affirmed Housing Names New President  – Robert Khodadadian Affordable housing developer Affirmed Housing, based in San Diego, has appointed Jimmy Silverwood as president, effective June 1. Elevating from his role as EVP, Jimmy succeeds James “Jim” Silverwood, who retains his role as CEO. The transition supports the company’s plans for continued growth and commitment to delivering housing and care to the state’s vulnerable …
The post Affordable Developer Affirmed Housing Names New President  appeared first on Connect CRE.

Affordable housing developer Affirmed Housing, based in San Diego, has appointed Jimmy Silverwood as president, effective June 1. Elevating from his role as EVP, Jimmy succeeds James “Jim” Silverwood, who retains his role as CEO. The transition supports the company’s plans for continued growth and commitment to delivering housing and care to the state’s vulnerable populations. 

“Jimmy’s elevation ensures we maintain focus on forward-looking, people-centric strategies that increase essential housing inventory, keep vulnerable citizens off the streets long term, and secure a brighter future for the state,” said Affirmed Housing CEO Jim Silverwood, who will continue to focus on the company’s big picture objectives.  

As president, Jimmy Silverwood leverages more than a decade of real estate and construction expertise. Since he joined the leadership team, Affirmed Housing has experienced a 60% increase in overall production of homes in California and a 150% increase in total funding secured for projects. 

The post Affordable Developer Affirmed Housing Names New President  appeared first on Connect CRE.

Affordable housing developer Affirmed Housing, based in San Diego, has appointed Jimmy Silverwood as president, effective June 1. Elevating from his role as EVP, Jimmy succeeds James “Jim” Silverwood, who retains his role as CEO. The transition supports the company’s plans for continued growth and commitment to delivering housing and care to the state’s vulnerable …
The post Affordable Developer Affirmed Housing Names New President  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Palm Springs Hotel Sale Sets Per-Key Pricing Record  – Robert Khodadadian

Palm Springs Hotel Sale Sets Per-Key Pricing Record  – Robert Khodadadian Palm Springs-based Foxden Hospitality completed the sale of its boutique Hotel, Dive Palm Springs, to Mariners Group for $5.15 million. At $468,000 per key, the deal reportedly marks the highest recorded price for any hotel in Palm Springs and the surrounding Coachella Valley.  “Creating Dive was one of the greatest joys of my career,” said …
The post Palm Springs Hotel Sale Sets Per-Key Pricing Record  appeared first on Connect CRE.

Palm Springs-based Foxden Hospitality completed the sale of its boutique Hotel, Dive Palm Springs, to Mariners Group for $5.15 million. At $468,000 per key, the deal reportedly marks the highest recorded price for any hotel in Palm Springs and the surrounding Coachella Valley. 

“Creating Dive was one of the greatest joys of my career,” said Dale Fox, founder and CEO of Foxden. “It was a deep expression of my personal passion for hospitality and for design. It’s my pleasure to see our beloved hotel find such a great new home with Mariners Group.”  

Despite multiple bids, Foxden agreed to sell to Mariners Group based on its extensive experience in hospitality and existing presence in the Palm Springs market. 

“The attention to detail and thoughtful concept by Foxden Hospitality is what allowed Dive Palm Springs to trade at a record price,” added Adam Gilbert, president, The Firm, who brokered the deal.  

The post Palm Springs Hotel Sale Sets Per-Key Pricing Record  appeared first on Connect CRE.

Palm Springs-based Foxden Hospitality completed the sale of its boutique Hotel, Dive Palm Springs, to Mariners Group for $5.15 million. At $468,000 per key, the deal reportedly marks the highest recorded price for any hotel in Palm Springs and the surrounding Coachella Valley.  “Creating Dive was one of the greatest joys of my career,” said …
The post Palm Springs Hotel Sale Sets Per-Key Pricing Record  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Developer Trades Brentwood Portfolio After 60-Year Hold  – Robert Khodadadian

Developer Trades Brentwood Portfolio After 60-Year Hold  – Robert Khodadadian A four-building, 36-unit multifamily portfolio in Brentwood has been sold by original ownership for $17.165 million. The buyer is a local real estate investor and developer, who acquired the portfolio ff-market in a 1031 exchange. Kidder Mathews’ Michael Monempour represented both parties.  The buildings were constructed in the 1960s and have remained under original family …
The post Developer Trades Brentwood Portfolio After 60-Year Hold  appeared first on Connect CRE.

A four-building, 36-unit multifamily portfolio in Brentwood has been sold by original ownership for $17.165 million. The buyer is a local real estate investor and developer, who acquired the portfolio ff-market in a 1031 exchange. Kidder Mathews’ Michael Monempour represented both parties. 

The buildings were constructed in the 1960s and have remained under original family ownership for 60 years. The buyer has built and maintained ownership of several apartment buildings in the Brentwood neighborhood.  

“A portfolio sale of this caliber does not often happen in West LA.,” said Monempour.”Even with rising interest rates, the properties sold at premium values. The seller’s motivation was due to the rent control policies that LA has adopted. They felt it was time to finally let go of these properties and were able to trade out of these assets for commercial properties that better suit their needs.” 

The post Developer Trades Brentwood Portfolio After 60-Year Hold  appeared first on Connect CRE.

A four-building, 36-unit multifamily portfolio in Brentwood has been sold by original ownership for $17.165 million. The buyer is a local real estate investor and developer, who acquired the portfolio ff-market in a 1031 exchange. Kidder Mathews’ Michael Monempour represented both parties.  The buildings were constructed in the 1960s and have remained under original family …
The post Developer Trades Brentwood Portfolio After 60-Year Hold  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

NAIOP SoCal Honors Best of the Best with First-Ever Awards Gala  – Robert Khodadadian

NAIOP SoCal Honors Best of the Best with First-Ever Awards Gala  – Robert Khodadadian NAIOP SoCal honored the best of the best in commercial real estate during its first-ever Awards Gala, held May 12 in Santa Ana.  The event, covering 20 unique categories, included two People’s Choice Awards voted on that evening for Developer of the Year, won by Duke Realty, and Deal of the Year, won by Newmark. …
The post NAIOP SoCal Honors Best of the Best with First-Ever Awards Gala  appeared first on Connect CRE.

NAIOP SoCal honored the best of the best in commercial real estate during its first-ever Awards Gala, held May 12 in Santa Ana. 

The event, covering 20 unique categories, included two People’s Choice Awards voted on that evening for Developer of the Year, won by Duke Realty, and Deal of the Year, won by Newmark. Newmark’s Kevin Shannon was also recognized as Broker of the Year. 

The chapter also recognized several individuals who have provided outstanding service to the chapter as well as expectational young leaders. The Distinguished Service award was given to Pamela Westhoff of Shepard Mullin and the NAIOP SoCal Member of the Year was Stephane Wandel of Thrifty Oil. The Developing Leader of the Year was JLL’s Jamie Kline. 

NAIOP SoCal also inducted Ed Roski, president and chairman of the board of Majestic Realty Co., into its Hall of Fame. 

Pictured, from left: NAIOP SoCal Chapter President Greg May, Honoree Pamela Westhoff, NAIOP SoCal CEO Tim Jemal. 

The post NAIOP SoCal Honors Best of the Best with First-Ever Awards Gala  appeared first on Connect CRE.

NAIOP SoCal honored the best of the best in commercial real estate during its first-ever Awards Gala, held May 12 in Santa Ana.  The event, covering 20 unique categories, included two People’s Choice Awards voted on that evening for Developer of the Year, won by Duke Realty, and Deal of the Year, won by Newmark. …
The post NAIOP SoCal Honors Best of the Best with First-Ever Awards Gala  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

MMCC Lines Up $64M Financing for Monrovia Apartment Project  – Robert Khodadadian

MMCC Lines Up $64M Financing for Monrovia Apartment Project  – Robert Khodadadian Marcus & Millichap Capital Corporation (MMCC) arranged $64.39 million in financing for a 252,100- square-foot multifamily property at 127 W. Pomona in Monrovia. The financing was secured by executive managing director Sharone Sabar and associate director Stefen Chraghchian, both based in MMCC’s Encino office.  The 42-month loan has an LTC of 65% and an interest …
The post MMCC Lines Up $64M Financing for Monrovia Apartment Project  appeared first on Connect CRE.

Marcus & Millichap Capital Corporation (MMCC) arranged $64.39 million in financing for a 252,100- square-foot multifamily property at 127 W. Pomona in Monrovia. The financing was secured by executive managing director Sharone Sabar and associate director Stefen Chraghchian, both based in MMCC’s Encino office. 

The 42-month loan has an LTC of 65% and an interest rate of 3.4% The property sits on a 1.83-acre site and is fully entitled and construction ready. The project will include a 220-unit residential apartment with 7,050 rentable square feet of commercial space and 357 parking stalls. It’s located within the city of Monrovia’s transit district in proximity to Pasadena and Los Angeles. 

“It was a privilege to arrange this loan for our client,” said Chraghchian. “We were able to work with our lender through inflationary pressures to increase loan proceeds and offer non-recourse financing at a rate that was very appealing to our client.” 

The post MMCC Lines Up $64M Financing for Monrovia Apartment Project  appeared first on Connect CRE.

Marcus & Millichap Capital Corporation (MMCC) arranged $64.39 million in financing for a 252,100- square-foot multifamily property at 127 W. Pomona in Monrovia. The financing was secured by executive managing director Sharone Sabar and associate director Stefen Chraghchian, both based in MMCC’s Encino office.  The 42-month loan has an LTC of 65% and an interest …
The post MMCC Lines Up $64M Financing for Monrovia Apartment Project  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors – Robert Khodadadian

Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors – Robert Khodadadian Des Moines-based Principal Global Investors announced the Principal Real Estate Active Opportunities ETF, the firm’s first semi-transparent ETF, is available for trading upon today’s market open of the New York Stock Exchange.   It is a new, actively managed, semi-transparent ETF that has a focused concentration on the non-traditional property sectors of the publicly traded U.S. …
The post Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors appeared first on Connect CRE.

Des Moines-based Principal Global Investors announced the Principal Real Estate Active Opportunities ETF, the firm’s first semi-transparent ETF, is available for trading upon today’s market open of the New York Stock Exchange.  

It is a new, actively managed, semi-transparent ETF that has a focused concentration on the non-traditional property sectors of the publicly traded U.S. real estate market. The objective of the fund seeks total return. 

“The Principal Real Estate Active Opportunities ETF combines two core strengths of Principal – active management and real estate investing – to provide clients with an innovative strategy that seeks to improve portfolio outcomes.  

The fund is thematic and one of the first semi-transparent ETFs that gives investors exposure to in-demand real estate sectors with the benefits of a liquid ETF structure,” said Jill Brown, managing director of the U.S. Wealth Platform, Principal Global Investors. 

Due to its concentrated exposure to non-traditional property sectors, the Principal Real Estate Active Opportunities ETF can enhance core equity portfolios for investors as a satellite allocation. This creates the potential for better portfolio outcomes and higher total returns with improved diversification generated by the resilient growth characteristics of many public REITs in the non-traditional sectors. 

Non-traditional real estate sectors, which include property types like data centers, life sciences, single-family rental, medical office, and self-storage, have been highly resilient the past few years. Shifts in the economy and structural themes ranging from demographics and infrastructure to globalization and technological innovation are driving change and opportunity for these non-traditional property types. 

“Non-traditional sectors now represent 64% of the public REIT market as they almost doubled their share of the market cap from 2010-2020. And compared to traditional real estate sectors, non-traditional REITs have offered higher returns and higher growth over the last 10 years1,” said Todd Kellenberger, client portfolio manager for Principal Real Estate Investors.  

“This reinforces our conviction that our semi-transparent ETF that is focused on these niche property types can be a differentiated strategy for investors seeking resilient growth and potential inflation protection.” 

As a top 10 global manager of real estate assets2 and a top five manager of public REITs3, Principal is well positioned to deliver this new ETF in a growing part of the actively managed ETF market.  

The strategy will be managed by the firm’s dedicated real estate investment team using a bottom-up approach that will emphasize owning publicly traded U.S. real estate companies in non-traditional sectors that can benefit from structural drivers. 

Pictured: Principal headquarters in Des Moines.

The post Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors appeared first on Connect CRE.

Des Moines-based Principal Global Investors announced the Principal Real Estate Active Opportunities ETF, the firm’s first semi-transparent ETF, is available for trading upon today’s market open of the New York Stock Exchange.   It is a new, actively managed, semi-transparent ETF that has a focused concentration on the non-traditional property sectors of the publicly traded U.S. …
The post Principal Launches Actively Managed CRE ETF, Gives Investors Exposure to Specific Sectors appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth  – Robert Khodadadian

Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth  – Robert Khodadadian Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) …
The post Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth  appeared first on Connect CRE.

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group

The ESR Group’s latest forecast sees second-quarter 2022 growth rebounding to 1.6% following last month’s news that the economy contracted by 1.4% percent in Q1. The Fed’s efforts to curtail inflation by tightening monetary policy are unlikely to result in a so-called “soft landing,” according to the group. 

“Financial conditions have tightened significantly, and the economy is slowing faster than previously expected as markets adjust to the Federal Reserve’s tightening guidance,” said Doug Duncan, Fannie Mae chief economist. He added that geopolitical risks are on the rise as Russia’s war on Ukraine continues. 

The post Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth  appeared first on Connect CRE.

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) …
The post Fannie Mae: Inflation, Interest Rates Mean Slower GDP Growth  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Colorado home where infamous murder took place quietly listed – Robert Khodadadian

It’s a crime-scene listing. The home where a Colorado man killed his pregnant wife before burying her in a shallow grave and then smothering his two toddler daughters to death has quietly gone on the market — under the wrong address. The New York Post is reporting the 4,177-square-foot on Saratoga Trail in Frederick where …

130: When Are You Ready to Go Full-Time In Real Estate? Interview w/ John Casmon

130: When Are You Ready to Go Full-Time In Real Estate? Interview w/ John Casmon retipster.com – If you’ve ever wondered when you’re ready to go full-time as a real estate investor, John has an interesting story to tell about how he took the leap.Tweeted by @retipsterseth https://twitter.com/retipsterseth/status/1526568812581371905

retipster.com – If you’ve ever wondered when you’re ready to go full-time as a real estate investor, John has an interesting story to tell about how he took the leap.

Tweeted by @retipsterseth https://twitter.com/retipsterseth/status/1526568812581371905Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

98% of Investors Putting Money in Commercial RE

98% of Investors Putting Money in Commercial RE floridarealtors.org – Survey: Thanks to recent stock market gyrations, investors are moving to real estate. They consider it stable and less likely to lose value until things cool down.Tweeted by @IncNizz https://twitter.com/IncNizz/status/1527308276698075137

floridarealtors.org – Survey: Thanks to recent stock market gyrations, investors are moving to real estate. They consider it stable and less likely to lose value until things cool down.

Tweeted by @IncNizz https://twitter.com/IncNizz/status/1527308276698075137Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

The Difference Between Investing and Speculating with Paul Moore

The Difference Between Investing and Speculating with Paul Moore player.captivate.fm – Quickly and easily listen to Road to Family Freedom for free!Tweeted by @r2familyfreedom https://twitter.com/r2familyfreedom/status/1527650895558856706

player.captivate.fm – Quickly and easily listen to Road to Family Freedom for free!

Tweeted by @r2familyfreedom https://twitter.com/r2familyfreedom/status/1527650895558856706Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

3 Reasons to Invest in Real Estate During a Recession

3 Reasons to Invest in Real Estate During a Recession biggerpockets.com – There’s the possibility of a recession in the near future. Are you prepared? In this article, we go over the reasons for why you should invest in real estate.Tweeted by @RealEstatePaper https://twitter.com/RealEstatePaper/status/1526942875438796801

biggerpockets.com – There’s the possibility of a recession in the near future. Are you prepared? In this article, we go over the reasons for why you should invest in real estate.

Tweeted by @RealEstatePaper https://twitter.com/RealEstatePaper/status/1526942875438796801Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

10 Passive Income Ideas For Accountants

10 Passive Income Ideas For Accountants fnrpusa.com – FNRP outlines 10 passive income ideas for accountants including blogging, e-books, & investing in real estate.Tweeted by @fnrpusa https://twitter.com/fnrpusa/status/1527650701005971459

fnrpusa.com – FNRP outlines 10 passive income ideas for accountants including blogging, e-books, & investing in real estate.

Tweeted by @fnrpusa https://twitter.com/fnrpusa/status/1527650701005971459Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Presidio Bay Ventures Launches Real Estate Development Scholarship For Bay Area Youth, Introduces Underrepresented Backgrounds To Career Possibilitie…

Presidio Bay Ventures Launches Real Estate Development Scholarship For Bay Area Youth, Introduces Underrepresented Backgrounds To Career Possibilitie… benzinga.com – Bay Area Company Invites a New Generation to Diversify and Impact the Future of Real Estate SAN FRANCISCO, May 17, 2022 /PRNewswire-PRWeb/ — Presidio Bay Ventures, a leading Bay Area commercial real…

benzinga.com – Bay Area Company Invites a New Generation to Diversify and Impact the Future of Real Estate SAN FRANCISCO, May 17, 2022 /PRNewswire-PRWeb/ — Presidio Bay Ventures, a leading Bay Area commercial real…

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

The Best Real Estate Development Loans

The Best Real Estate Development Loans nav.com – Real estate development is lucrative, and although getting funding can be challenging, this article helps you understand your best loan options.

nav.com – Real estate development is lucrative, and although getting funding can be challenging, this article helps you understand your best loan options.

Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial Real Estate’s Future a Battle Against Uncertainty: Forum

Commercial Real Estate’s Future a Battle Against Uncertainty: Forum commercialobserver.com – Commercial Observer assembled experts in person in May to expound on what’s next, particularly for New York office.Tweeted by @HqOapp https://twitter.com/HqOapp/status/1526676941545299969

commercialobserver.com – Commercial Observer assembled experts in person in May to expound on what’s next, particularly for New York office.

Tweeted by @HqOapp https://twitter.com/HqOapp/status/1526676941545299969Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Is 2022 the Right Time to Expand Your CRE Portfolio?

Is 2022 the Right Time to Expand Your CRE Portfolio? northspyre.com – Does this mean 2022 is a good time to expand your commercial real estate portfolio? To help you answer this question, let’s see what industry experts say.Tweeted by @kim_r0211 https://twitter.com/kim_r0211/status/1526699867652820992

northspyre.com – Does this mean 2022 is a good time to expand your commercial real estate portfolio? To help you answer this question, let’s see what industry experts say.

Tweeted by @kim_r0211 https://twitter.com/kim_r0211/status/1526699867652820992Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Real estate expert details what’s driving the commercial market resurgence

Real estate expert details what’s driving the commercial market resurgence finance.yahoo.com – DLA Piper Partner and U.S. Real Estate chair John Sullivan weighs in on the state of the commercial real estate market and what’s behind its comeback, especially in big cities like New York.Tweeted by @RealEstateMorg https://twitter.com/RealEstateMorg/status/1527949833612406784

finance.yahoo.com – DLA Piper Partner and U.S. Real Estate chair John Sullivan weighs in on the state of the commercial real estate market and what’s behind its comeback, especially in big cities like New York.

Tweeted by @RealEstateMorg https://twitter.com/RealEstateMorg/status/1527949833612406784Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

IWG’s Spaces Replaces Another WeWork in LA – Robert Khodadadian

IWG’s Spaces Replaces Another WeWork in LA – Robert Khodadadian IWG, among the world’s largest providers of flexible workspaces, opened another Spaces location this week in Downtown Los Angeles. It’s the second former WeWork location in L.A. to be rebranded as a coworking Spaces. The flex space includes more than 38,000 square feet on the ninth through 12th floors as well as the penthouse floor

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IWG, among the world’s largest providers of flexible workspaces, opened another Spaces location this week in Downtown Los Angeles. It’s the second former WeWork location in L.A. to be rebranded as a coworking Spaces.

The flex space includes more than 38,000 square feet on the ninth through 12th floors as well as the penthouse floor at the historic Fine Arts Building at 811 West 11th Street. The landmark building originally opened in 1926 to house galleries and workspaces for artists, and now is coworking space and offices.

The Fine Arts Building is near the Los Angeles Central Library as well as a Metro station. IWG’s partner representative for the space is Manchester Capital Management.

The downtown location comes online less than a month after IWG opened a Spaces in West Hollywood, which also replaced a former WeWork space. 

Tenants continue to update their return-to-office plans, with many allowing employees to split their time between company headquarters, a local office or co-working space, and home. Research commissioned by IWG shows 70 percent of job candidates are insisting that companies have a hybrid work policy, and half of existing employees say they would quit their job if forced back to the office five days a week.

“People increasingly want to live, work and socialize without having to spend hours commuting,” IWG’s CEO Mark Dixon said.

With Regus and Spaces, IWG added more than 2 million new customers to its global network of flexible workspaces in 2021, and the business is set to add 1,000 locations globally in 2022.

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

CoStar Group Publishes New Retail Sector Findings

CoStar Group Publishes New Retail Sector Findings businesswire.com – WASHINGTON–(BUSINESS WIRE)–May 19, 2022–

businesswire.com – WASHINGTON–(BUSINESS WIRE)–May 19, 2022–

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial Real Estate’s Role as Inflation Hedge Challenged

Commercial Real Estate’s Role as Inflation Hedge Challenged therealdeal.com – Commercial real estate has long been thought of as a hedge against inflation, but recent trends in the market are testing that theory.Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1527085656496672770

therealdeal.com – Commercial real estate has long been thought of as a hedge against inflation, but recent trends in the market are testing that theory.

Tweeted by @RicSFLOffice https://twitter.com/RicSFLOffice/status/1527085656496672770Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Commercial Real Estate Investment May Be Seen As Sound Hedge Against Inflation Worries

Commercial Real Estate Investment May Be Seen As Sound Hedge Against Inflation Worries benzinga.com – Photo by Brandon Griggs onTweeted by @trisourcecap https://twitter.com/trisourcecap/status/1527591082380468224

benzinga.com – Photo by Brandon Griggs on

Tweeted by @trisourcecap https://twitter.com/trisourcecap/status/1527591082380468224Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Co-ownership platform Pairadime is open for business

Co-ownership platform Pairadime is open for business inman.com – Pairadime is an online resource to educate and assist homebuyers and real estate agents on the concept of co-owning a home.Tweeted by @scofini https://twitter.com/scofini/status/1527633537641246722

inman.com – Pairadime is an online resource to educate and assist homebuyers and real estate agents on the concept of co-owning a home.

Tweeted by @scofini https://twitter.com/scofini/status/1527633537641246722Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Office Sales Decreased Across the Bay in Q1

Office Sales Decreased Across the Bay in Q1 commercialsearch.com – Despite a decline from previous quarters, office sales in the Bay Area generated more revenue than most gateway markets.

commercialsearch.com – Despite a decline from previous quarters, office sales in the Bay Area generated more revenue than most gateway markets.

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Clipper Plans 650-Unit Development at Flatbush Sears Site

Clipper Plans 650-Unit Development at Flatbush Sears Site therealdeal.com – The developer has filed plans to build two residential buildings — a combined 456,000 square feet — in BrooklynTweeted by @Mr_Neutral_Man https://twitter.com/Mr_Neutral_Man/status/1527685615587889154

therealdeal.com – The developer has filed plans to build two residential buildings — a combined 456,000 square feet — in Brooklyn

Tweeted by @Mr_Neutral_Man https://twitter.com/Mr_Neutral_Man/status/1527685615587889154Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Critical Survey: DiamondRock Hospitality (NYSE:DRH) & Apollo Commercial Real Estate Finance (NYSE:ARI)

Critical Survey: DiamondRock Hospitality (NYSE:DRH) & Apollo Commercial Real Estate Finance (NYSE:ARI) etfdailynews.com – Read Critical Survey: DiamondRock Hospitality (NYSE:DRH) & Apollo Commercial Real Estate Finance (NYSE:ARI) at ETF Daily News

etfdailynews.com – Read Critical Survey: DiamondRock Hospitality (NYSE:DRH) & Apollo Commercial Real Estate Finance (NYSE:ARI) at ETF Daily News

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Adding Commercial Real Estate To Your Portfolio Requires Investor Due Diligence. Here’s What You Need To Know.

Adding Commercial Real Estate To Your Portfolio Requires Investor Due Diligence. Here’s What You Need To Know. money.usnews.com – One key factor for successful commercial real estate investing is identifying market trends.Tweeted by @BhiReal https://twitter.com/BhiReal/status/1527682185435746305

money.usnews.com – One key factor for successful commercial real estate investing is identifying market trends.

Tweeted by @BhiReal https://twitter.com/BhiReal/status/1527682185435746305Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Council Post: Blockchain Technology And Commercial Real Estate In 2022 And Beyond

Council Post: Blockchain Technology And Commercial Real Estate In 2022 And Beyond forbes.com – Instead of having to be hunkered down by escrow companies and extensive paperwork, the blockchain allows transactions to be conducted swiftly and securely.Tweeted by @blooma_ai https://twitter.com/blooma_ai/status/1527702641408548865

forbes.com – Instead of having to be hunkered down by escrow companies and extensive paperwork, the blockchain allows transactions to be conducted swiftly and securely.

Tweeted by @blooma_ai https://twitter.com/blooma_ai/status/1527702641408548865Read More

Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

Stonelake Kicks Off Suburban Austin Spec Project

Stonelake Kicks Off Suburban Austin Spec Project commercialsearch.com – Stonelake Capital Partners broke ground on Georgetown Logistics Park, a speculative industrial complex in an Austin suburb.

commercialsearch.com – Stonelake Capital Partners broke ground on Georgetown Logistics Park, a speculative industrial complex in an Austin suburb.

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Skyline Properties handles many different property types, including ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties and development/conversion sites. For more information, please visit https://www.skylineprp.com/

For more information please visit http://www.skylineprp.com

RAL and Tricap to Build Creative Offices in Wynwood – Robert Khodadadian

RAL and Tricap to Build Creative Offices in Wynwood – Robert Khodadadian New York firms RAL Development and Tricap have unveiled plans for a two-building office complex in Miami’s Wynwood.  The Arquitectonica-designed project, called LYNQ Wynwood, will offer 246,000 square feet of office space and 23,000 square feet for retail on the ground floor.  The two eight-story buildings will be located across the street from one another

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New York firms RAL Development and Tricap have unveiled plans for a two-building office complex in Miami’s Wynwood. 

The Arquitectonica-designed project, called LYNQ Wynwood, will offer 246,000 square feet of office space and 23,000 square feet for retail on the ground floor. 

The two eight-story buildings will be located across the street from one another at the intersection of NW 5th avenue and NW 27th Street. Tricap bought the parcels, which together span 1.6 acres, for a combined $31 million in 2018 and 2021, according to property records. 

With approvals secured, construction is slated to commence this fall, said a spokesperson for the joint venture. The spokesperson declined to comment on whether the firms had locked down construction financing. 

RAL and Tricap envision the development for Wynwood’s growing finance and tech scene, such as hedge fund Schonfeld as well as venture capital firms Atomic and Founders Fund

“LYNQ Wynwood is focused squarely on the needs of established tech and finance companies moving or expanding into the Wynwood neighborhood, in addition to startups and earlier stage firms,” Josh Wein, managing director at RAL, said in a statement.

The project follows a slew of development announcements as the neighborhood’s profile grows. 

Just one block over, Tricap is developing the first NoMad Hotel-branded condominium. Goldman Properties, which helped revitalize Wynwood in the early aughts, plans to build a nine-story office, also geared to creatives. 

Julia Echikson can be reached at jechikson@commercialobserver.com

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Office royalty talk conversions, distress and the “downsize upgrade” trend – Robert Khodadadian

Between inflation, rising interest rates, and employees working from home, there have been better times to be an office landlord or broker. Even some of the city’s largest commercial real estate landlords and brokers — folks not known for broadcasting pessimism — agree that certain properties are going to suffer and need to be converted …

Aby Rosen teams up with Rolling Stone publisher on $290M office deal – Robert Khodadadian

Aby Rosen closed the book on his latest office deal with help from an unlikely source. Rosen’s RFR Holding teamed up with Variety and Rolling Stone publisher Penske Media Corporation to finalize his $290 million purchase of 475 Fifth Avenue, where the glossy magazine company has its headquarters. Penske Media contributed 50 percent of the …

The Shopping Center Group Expands In Florida, Acquires Local Retail Brokerage – Robert Khodadadian

The Shopping Center Group Expands In Florida, Acquires Local Retail Brokerage – Robert Khodadadian The Shopping Center Group (TSCG) isn’t sleeping on the growth in the South Florida retail market. The retail brokerage is expanding its already substantial operations in Florida with the acquisition of the Southeast Retail Group (SRG), which TSCG says will help it harness the possibilities for profit in Florida, where up to 1,000 people are

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The Shopping Center Group (TSCG) isn’t sleeping on the growth in the South Florida retail market.

The retail brokerage is expanding its already substantial operations in Florida with the acquisition of the Southeast Retail Group (SRG), which TSCG says will help it harness the possibilities for profit in Florida, where up to 1,000 people are relocating daily.

SRG’s 12-member team will be onboarded to TCSG and bring with them over 50 new retail and restaurant clients. The move will expand TCSG’s leased space by approximately 7.5 million square feet, and its property under management by an additional 400,000 square feet.

“This will result in an even more formidable, full-service real estate enterprise that stretches from Florida’s southernmost beach to the financial and cultural epicenter of the United States – New York City,” David Birnbrey, co-CEO of TSCG, said in a statement.

SRG was founded in 2016. Its founders and managing partners will hold top positions in the merged firm, and will bring with them clients such as Chipotle, Kimco, CAVA and Habit Burger. Jeremy Kral will now serve as executive vice president while Dana Dowsett and Eric Battistone are vice presidents of TSCG.

“Our success comes from a focus on client business objectives and strategy – not on specific deals. Joining TSCG puts us at the highest level of our industry,” Kral said in a statement.

Brick-and-mortar retailers hit hard times when COVID-19 visited its wrath upon the United States in March 2020, leading to a surge in e-commerce that led to low vacancy rates in the industrial real estate market, but higher vacancy rates for traditional retail. 

Now, inflation has entered the chat.

In April, the U.S. Census Bureau posted March sales figures illustrating that retail transactions failed to gain momentum. There was a minimal month-over-month increase of 0.5 percent in sales compared to February gains of 0.8 percent and January gains of 5.1 percent, according to Forbes. Meanwhile, the U.S. Bureau of Labor Statistics reported in April that the consumer price index (CPI) rose 8.5 percent for the 12 months ending in March 2022, marking the largest 12-month increase since the period ending December 1981.

Inflation also hurt e-commerce companies, which were 15.2 percent of total retail sales in January. In February, that number dropped to 14.6 percent, showing the steady decline in online sales since the start of 2022, Forbes reported. It appears that the difference is being made up in discount stores, where sales rose 6.6 percent in April.

While Florida retail has certainly been affected by inflation, it is in a better position than many other markets because of its above-average performance during COVID. 

There were fewer stores sitting empty in Florida as vacancy rates stayed at a steady 3.7 percent in Miami-Dade County, according to a report by Colliers on the first quarter of 2022. Broward County in the same period showed a 4.7 percent vacancy, which was a decrease from the 5.6 percent recorded during the first quarter of 2021.

Mark Hallum can be reached at mhallum@commercialobserver.com.

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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings. To learn more about Robert Khodadadian and GROUND LEASES please visit https://www.skylineprp.com/whatisagroundlease

For more information please visit http://www.skylineprp.com

Brookfield and Park Tower Open Mixed-Income Resi Tower in Greenpoint  – Robert Khodadadian

Brookfield and Park Tower Open Mixed-Income Resi Tower in Greenpoint  – Robert Khodadadian Brookfield Properties, in joint partnership with Park Tower Group, held the grand opening and launched resident move-ins at The Bellslip, a 414-unit mixed-income residential tower on the Greenpoint waterfront. The Bellslip is the third of four residential projects the developers are partnering on within the larger 22-acre Greenpoint Landing master planned development.   In addition, the …
The post Brookfield and Park Tower Open Mixed-Income Resi Tower in Greenpoint  appeared first on Connect CRE.

Brookfield Properties, in joint partnership with Park Tower Group, held the grand opening and launched resident move-ins at The Bellslip, a 414-unit mixed-income residential tower on the Greenpoint waterfront. The Bellslip is the third of four residential projects the developers are partnering on within the larger 22-acre Greenpoint Landing master planned development.  

In addition, the developers, alongside Councilmember Lincoln Restler, former Councilmember Stephen Levin and Katie Horowitz, Executive Director of North Brooklyn Parks Alliance, celebrated the opening of a brand-new public dog run open to the entire community. The latest piece of the master plan’s four-acre public park and promenade designed by James Corner Field Operations, it’s the first dedicated public space for dogs in northern Greenpoint. 

“Opening the doors to residents at The Bellslip marks yet another milestone in the evolution of Greenpoint Landing,” said Maria Masi, SVP, multifamily development, Brookfield Properties.

The post Brookfield and Park Tower Open Mixed-Income Resi Tower in Greenpoint  appeared first on Connect CRE.

Brookfield Properties, in joint partnership with Park Tower Group, held the grand opening and launched resident move-ins at The Bellslip, a 414-unit mixed-income residential tower on the Greenpoint waterfront. The Bellslip is the third of four residential projects the developers are partnering on within the larger 22-acre Greenpoint Landing master planned development.   In addition, the …
The post Brookfield and Park Tower Open Mixed-Income Resi Tower in Greenpoint  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

CBRE Closes Sale of Holtsville Offices to Northpath  – Robert Khodadadian

CBRE Closes Sale of Holtsville Offices to Northpath  – Robert Khodadadian CBRE closed the $28.5-million sale of 5000 Corporate Ct., a two story, 264,482-square-foot. office building in the hamlet of Holtsville and the town of Brookhaven, NY.   Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Services, represented …
The post CBRE Closes Sale of Holtsville Offices to Northpath  appeared first on Connect CRE.

CBRE closed the $28.5-million sale of 5000 Corporate Ct., a two story, 264,482-square-foot. office building in the hamlet of Holtsville and the town of Brookhaven, NY.  

Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Services, represented the seller, Office Properties Income Trust, an entity managed by The RMR Group. They also procured the buyer, Northpath Investments. 

5000 Corporate Ct. is located within minutes of Exit 62 off the Long Island Expressway. The property is anchored by GSA tenants, including the Internal Revenue Service and U.S. Citizenship and Immigration Service.  

“5000 Corporate Ct. will complement Northpath’s other asset, Brookhaven Professional Center,” said Bardsley. “The property’s expansive floor plates can meet larger tenant requirements, while Brookhaven Professional Center can cater to a smaller tenant profile.” 

The post CBRE Closes Sale of Holtsville Offices to Northpath  appeared first on Connect CRE.

CBRE closed the $28.5-million sale of 5000 Corporate Ct., a two story, 264,482-square-foot. office building in the hamlet of Holtsville and the town of Brookhaven, NY.   Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, Stuart MacKenzie and Travis Langer of CBRE’s Institutional Properties Group, in collaboration with Philip Heilpern of CBRE Advisory & Transaction Services, represented …
The post CBRE Closes Sale of Holtsville Offices to Northpath  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

ESRT Signs Music Group to Newly Revamped 250 West 57th – Robert Khodadadian

ESRT Signs Music Group to Newly Revamped 250 West 57th – Robert Khodadadian Empire State Realty Trust (ESRT) has signed SESAC Music Group, a music rights management and content company, for the full 24th floor at 250 W. 57th St. , a total of 12,611 square feet.  “Industry-leading sustainability practices, proximity to transportation, and excellent building amenities make 250 W. 57th Street a solid choice for our new …
The post ESRT Signs Music Group to Newly Revamped 250 West 57th appeared first on Connect CRE.

Empire State Realty Trust (ESRT) has signed SESAC Music Group, a music rights management and content company, for the full 24th floor at 250 W. 57th St. , a total of 12,611 square feet. 

“Industry-leading sustainability practices, proximity to transportation, and excellent building amenities make 250 W. 57th Street a solid choice for our new office,” said John Josephson, CEO at SESAC. 

The property at 250 W. 57th continues to benefit from a flight to quality following its transformation into a boutique office building with high-end full-floor tenant build outs by Fogarty Finger, new lobby designed by Gensler, and leading indoor environmental technology and energy efficiency. 

“SESAC is a welcome addition to our impressive tenant roster at 250 W. 57th,” said Thomas P. Durels, EVP, real estate at Empire State Realty Trust. 

TJ Hochanadel of JLL represented SESAC in the lease negotiation. Jordan Berger of ESRT and Paul J. Amrich, Neil V. King III, Alexander Golod, and Anthony Manginelli of CBRE represented ownership

The post ESRT Signs Music Group to Newly Revamped 250 West 57th appeared first on Connect CRE.

Empire State Realty Trust (ESRT) has signed SESAC Music Group, a music rights management and content company, for the full 24th floor at 250 W. 57th St. , a total of 12,611 square feet.  “Industry-leading sustainability practices, proximity to transportation, and excellent building amenities make 250 W. 57th Street a solid choice for our new …
The post ESRT Signs Music Group to Newly Revamped 250 West 57th appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn  – Robert Khodadadian

Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn  – Robert Khodadadian Ariel Property Advisors has arranged the sale of three properties totaling $12.9 million located in Brooklyn and Northern Manhattan. The largest of the three transactions was the $5.05-million sale of a vacant two-story commercial building at 222-226 W. 145th St. In Manhattan.  The transaction was brokered by an Ariel team including director Jason M. Gold, founding partner Michael …
The post Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn  appeared first on Connect CRE.

Ariel Property Advisors has arranged the sale of three properties totaling $12.9 million located in Brooklyn and Northern Manhattan. The largest of the three transactions was the $5.05-million sale of a vacant two-story commercial building at 222-226 W. 145th St. In Manhattan. 

The transaction was brokered by an Ariel team including director Jason M. Gold, founding partner Michael A. Tortorici and associate director James Nestor. 

A four-story, 21-unit mixed-use building at 649 Argyle Rd. in Brooklyn’s Ditmas Park neighborhood sold for $4.75 million. Ariel director Lawrence Sarn, founding partner Victor Sozio and president and founder Shimon Shkury brokered the sale. 

A vacant three-story, 7,638-square-foot warehouse/flex office building at 11 Herkimer Pl. in Brooklyn’s Bedford-Stuyvesant neighborhood sold for $3.1 million. Ariel director Dov Chein and partner Sean R. Kelly handled the sale, which at $406 per square foot represents the highest per-square-foot price for a Bed-Stuy office building since 2018. 

The post Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn  appeared first on Connect CRE.

Ariel Property Advisors has arranged the sale of three properties totaling $12.9 million located in Brooklyn and Northern Manhattan. The largest of the three transactions was the $5.05-million sale of a vacant two-story commercial building at 222-226 W. 145th St. In Manhattan.  The transaction was brokered by an Ariel team including director Jason M. Gold, founding partner Michael …
The post Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Jeweler Ted Muehling Finds New Shop Space in Tribeca  – Robert Khodadadian

Jeweler Ted Muehling Finds New Shop Space in Tribeca  – Robert Khodadadian Newmark Retail completed a 4,400–square-foot lease with high-end jeweler Ted Muehling at 104 Franklin St. in Lower Manhattan’s Tribeca neighborhood. Managing director Andrew Stern and director Ravi Idnani represented asset owner Magna & York.   Ted Muehling has been designing jewelry and decorative objects since 1976. The jeweler, a longtime tenant of downtown, first had a shop on Greene Street, then Howard Street, and most …
The post Jeweler Ted Muehling Finds New Shop Space in Tribeca  appeared first on Connect CRE.

Newmark Retail completed a 4,400square-foot lease with high-end jeweler Ted Muehling at 104 Franklin St. in Lower Manhattan’s Tribeca neighborhood. Managing director Andrew Stern and director Ravi Idnani represented asset owner Magna & York.  

Ted Muehling has been designing jewelry and decorative objects since 1976. The jeweler, a longtime tenant of downtown, first had a shop on Greene Street, then Howard Street, and most recently at 52 White St. With an upcoming lease expiration and a desire to remain in Northeast Tribeca, 104 Franklin provided the exterior and interior aesthetic Muehling sought.  

“Tribeca’s Art District is becoming one of the hottest destinations for art galleries and showrooms, and we believe his design studio will be a great fit,” said Stern. “We’ve been very active in the neighborhood, and this deal marks over 30 new retail transactions we’ve completed in Tribeca since the onset of COVID-19.” 

The post Jeweler Ted Muehling Finds New Shop Space in Tribeca  appeared first on Connect CRE.

Newmark Retail completed a 4,400–square-foot lease with high-end jeweler Ted Muehling at 104 Franklin St. in Lower Manhattan’s Tribeca neighborhood. Managing director Andrew Stern and director Ravi Idnani represented asset owner Magna & York.   Ted Muehling has been designing jewelry and decorative objects since 1976. The jeweler, a longtime tenant of downtown, first had a shop on Greene Street, then Howard Street, and most …
The post Jeweler Ted Muehling Finds New Shop Space in Tribeca  appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress – Robert Khodadadian

Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress – Robert Khodadadian New York-based Taconic Capital Advisors, a global institutional investment firm, has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll, TCREDF III, with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated …
The post Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress appeared first on Connect CRE.

New York-based Taconic Capital Advisors, a global institutional investment firm, has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll, TCREDF III, with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated transactions. 

One year into its investment period, TCREDF III has already committed or closed on $300 million of investments across 15 distinct transactions. Taconic believes the COVID pandemic accelerated pre-existing trends and distress in the CRE market.  

A combination of aggressive pre-COVID financing and transaction assumptions, oversupply in specific markets and COVID-related societal and demographic shifts should continue to apply significant pressure on the CRE market providing ample investment opportunities. Taconic anticipates that hotel and office assets will comprise the majority of the fund’s investments. 

“We are pleased to build on the performance of Funds l and ll with the close of our third real estate fund, TCREDF III,” said James Jordan, principal and portfolio manager of Taconic Capital Advisors’ CRE investments. “Our team has a proven ability to identify inefficiencies and dislocated investment opportunities across a host of market sectors, positioning our funds to maximize value for new and existing investors.” 

Pictured: Taconic headquarters at 280 Park Ave. in Manhattan.

The post Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress appeared first on Connect CRE.

New York-based Taconic Capital Advisors, a global institutional investment firm, has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll, TCREDF III, with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated …
The post Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distress appeared first on Connect CRE.Read More

A few of Robert Khodadadian’s most notable transactions include

• 530 West 25th Street, New York, NY – $72,000,000

• 236 5th Avenue, New York, NY – 99-year Ground Lease

• 131 Prince Street, New York, NY – $50,000,000

• 135 West 29th Street, New York, NY – 99-Year Ground Lease

• 4-14 West 125th Street, New York, NY – 99-Year Ground Lease

For more information please visit http://www.skylineprp.com

Jimmy Fallon, Amy Schumer selling Manhattan pads – Robert Khodadadian

Two famous comedians are moving from their respective Manhattan digs. Jimmy Fallon, host of “The Tonight Show,” and his film producer wife Nancy Juvonen are in contract to sell their penthouse at 34 Gramercy Park East, the New York Post reported. The couple listed the home for $15 million, but the buyer — fellow celeb …