Simply Commercial Real Estate

Zeus Healthcare Wins Real Estate Award, Major Transaction in Centreville

Zeus Healthcare's Grand Forum wins the 2024 REDnews Commercial Real Estate Award. Four office buildings in Centreville sell for $39M. Plus, new rules for real estate commissions take effect. Hoffmann plans acquisitions and Oberweis locations in North Shore.Sources:https://www.openpr.com/news/3625700/zeus-healthcare-s-grand-forum-wins-2024-rednews-commercial-realhttps://www.virginiabusiness.com/article/four-office-buildings-in-centreville-sell-for-39m/https://www.houstonchronicle.com/business/real-estate/article/houston-real-estate-commissions-what-to-know-19659091.phphttps://www.therecordnorthshore.org/2024/08/16/hoffmann-plans-string-of-moves-in-north-shore-including-5-property-acquisitions-and-3-oberweis-locations/Outline:(00:00:00) Introduction(00:00:43) Zeus Healthcare's Grand Forum Wins 2024 REDnews Commercial Real Estate Award(00:03:54) Four office buildings in Centreville sell for $39M(00:05:55) Big real estate commission changes are here. What Houston consumers should know(00:09:12) Hoffmann plans string of moves in North Shore, including 5 property acquisitions and 3 Oberweis locations

APH Loses Control of $1B Forest Hill Project, MOD Pizza Skips 10-Year Lease

APH Holding loses control over a $1 billion Forest Hill office project. MOD Pizza unexpectedly backs out of a 10-year lease in Moses Lake. Plus, an update and outlook on DFW's thriving industrial market. Also, Lincoln Property and Centennial team up to transform large-format retail into vibrant mixed-use destinations.Sources:https://www.smh.com.au/business/companies/aph-loses-control-over-1-billion-forest-hill-office-project-20240813-p5k220.htmlhttps://www.yoursourceone.com/columbia_basin/developer-mod-pizza-skips-out-on-10-year-lease-in-moses-lake-commercial-space-available/article_0c771060-5b5b-11ef-9b87-432d0d088511.htmlhttps://www.dmagazine.com/commercial-real-estate/2024/08/dfws-industrial-market-at-midyear-update-and-outlook/https://www.commercialsearch.com/news/lincoln-property-centennial-team-up/Outline:(00:00:00) Introduction(00:00:42) APH loses control over $1 billion Forest Hill office project(00:01:51) Developer: MOD Pizza skips out on 10-year lease in Moses Lake; commercial space available again(00:04:05) DFW’s Industrial Market at Midyear: Update and Outlook(00:04:56) Lincoln Property, Centennial Team Up

EfTEN Real Estate Fund Sells Property in Tallinn, Huntington Office Property Trades for $5.15M

A subsidiary of EfTEN Real Estate Fund AS sells a property in the Tähesaju commercial area. A prime office property in Huntington is sold for $5.15 million. Plus, DWS aims to become a top provider of private real estate debt capital, and high-profile commercial real estate cases to watch in 2024's second half.Sources:https://www.globenewswire.com/news-release/2024/08/15/2930623/0/en/A-subsidiary-of-EfTEN-Real-Estate-Fund-AS-sold-a-property-in-the-T%C3%A4hesaju-commercial-area.htmlhttps://libn.com/2024/08/14/huntington-office-property-trades-for-5-15m/https://www.businessinsider.com/commercial-real-estate-dws-lending-debt-interest-rates-banks-2024-8https://www.law360.com/real-estate-authority/articles/1861325/commercial-real-estate-cases-to-watch-in-2024-s-second-halfOutline:(00:00:00) Introduction(00:00:44) A subsidiary of EfTEN Real Estate Fund AS sold a property in the Tähesaju commercial area(00:02:52) Huntington office property trades for $5.15M | Long Island Business News(00:05:17) Why these 2 executives are bullish on commercial real estate – even as they expect banks to flee(00:07:44) Commercial Real Estate Cases To Watch In 2024's Second Half - Law360 Real Estate Authority

Glasshouse Realty Group Expands with Commercial Division, Flint Receives Grant for Redevelopment

Glasshouse Realty Group unveils their new commercial real estate division, aiming to boost sales volume. Flint receives a $1.5M grant to redevelop a historic building into housing and commercial space. Plus, a versatile commercial property is listed in Cheshire, and SiouxFalls.Business reports on commercial real estate vacancies and a new family entertainment option in Harrisburg.Sources:https://realtybiznews.com/glasshouse-realty-group-unveils-new-commercial-real-estate-division/98781492/https://www.wnem.com/2024/08/13/non-profit-receives-15m-redevelop-historic-flint-building-into-housing-commercial-space/https://patch.com/connecticut/cheshire/commercial-property-listed-695-000-cheshirehttps://www.dakotanewsnow.com/2024/08/13/siouxfallsbusiness-report-commercial-real-estate-vacancies-new-family-entertainment-option-harrisburg/Outline:(00:00:00) Introduction(00:00:42) Glasshouse Realty Group Unveils New Commercial Real Estate Division(00:03:00) Nonprofit receives $1.5M to redevelop historic Flint building into housing, commercial space(00:05:28) Commercial Property Listed For $695,000 In Cheshire(00:08:28) SiouxFalls.Business Report: Commercial real estate vacancies & a new family entertainment option in Harrisburg

Expert Advice for Selling Commercial Real Estate, Rising Foreclosure Rates in Office Sector

Get valuable insights on selling commercial real estate and navigating the changing landscape of the office sector. Plus, an $87 million mixed-use asset sale in California's San Gabriel Valley and the listing of a unique commercial property in West Nashville with a distinctive sign.Sources:https://nyrej.com/hunt-corp-commercial-real-estate-q-a-staying-ahead-of-the-curve-by-david-hunthttps://prescottenews.com/2024/08/12/commercial-foreclosure-rates-show-steady-increase-as-office-space-challenges-persist-the-mortgage-note/https://www.businesswire.com/news/home/20240812511551/en/Marcus-Millichap%E2%80%99s-Institutional-Property-Advisors-Closes-87-Million-Mixed-Use-Asset-Sale-in-California%E2%80%99s-San-Gabriel-Valleyhttps://www.nashvillepost.com/business/development/west-nashville-property-known-for-distinctive-sign-listed-for-sale/article_b19f3244-58bc-11ef-a0d2-cfcfc4c937b4.htmlOutline:(00:00:00) Introduction(00:00:45) Hunt Corp. Commercial Real Estate Q&A: Staying ahead of the curve(00:02:55) Commercial Foreclosure Rates Show Steady Increase As Office Space Challenges Persist - The Mortgage Note(00:05:02) Marcus & Millichap’s Institutional Property Advisors Closes $87 Million Mixed-Use Asset Sale in California’s San Gabriel Valley(00:07:24) West Nashville property known for distinctive sign listed for sale

Commercial Foreclosure Rates Rise, Office Space Challenges Persist

Commercial foreclosure rates show a steady increase as office space challenges persist. Plus, the first investment of Axis Commercial Real Estate Fund at Fintech City Chennai. Also, commercial and administrative property prices surge compared to 2022. Additionally, the value of the city's commercial real estate goes up, but the office vacancy rate remains high.Sources:https://prescottenews.com/2024/08/12/commercial-foreclosure-rates-show-steady-increase-as-office-space-challenges-persist-the-mortgage-note/https://www.rprealtyplus.com/newsviews/axis-commercial-real-estate-fund-first-investment-at-fintech-city-chennai-116338.htmlhttps://www.dailynewsegypt.com/2024/08/11/commercial-administrative-property-prices-surge-200-compared-to-2022-redcons-abdallah/https://www.newsday.com/news/new-york/commercial-real-estate-new-york-state-comptroller-report-mgnxag51Outline:(00:00:00) Introduction(00:00:46) Commercial Foreclosure Rates Show Steady Increase As Office Space Challenges Persist - The Mortgage Note(00:03:20) Axis Commercial Real Estate Fund First Investment At Fintech City Chennai(00:06:01) Commercial, administrative property prices surge 200% compared to 2022: Redcon’s Abdallah(00:09:36) City's commercial real estate goes up in value, but office vacancy rate nearly 40%, report says

Investment Advisers Boost Stock Holdings, Portland Office Complex Sold at Fraction of Previous Price

Cetera Investment Advisers increase their position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI). Montgomery Park office complex in NW Portland sells for a fraction of its previous sale price. Plus, New York City's commercial real estate market experiences a dichotomy, and Newmark secures $300M for a healthcare real estate joint venture.Sources:https://www.defenseworld.net/2024/08/10/cetera-investment-advisers-boosts-stock-holdings-in-apollo-commercial-real-estate-finance-inc-nyseari.htmlhttps://www.oregonlive.com/business/2024/08/montgomery-park-office-complex-in-nw-portland-sells-for-fraction-of-previous-sale-price.htmlhttps://www.newsday.com/news/new-york/commercial-real-estate-new-york-state-comptroller-report-mgnxag51https://www.law360.com/real-estate-authority/articles/1867982/newmark-secures-300m-for-healthcare-real-estate-jvOutline:(00:00:00) Introduction(00:00:47) Cetera Investment Advisers Boosts Stock Holdings in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)(00:02:24) Montgomery Park office complex in NW Portland sells for fraction of previous sale price(00:05:07) City's commercial real estate goes up in value but office vacancy rate nearly 40%, report says(00:08:16) Newmark Secures $300M For Healthcare Real Estate JV - Law360 Real Estate Authority

Portland Office Complex Sells at Fraction of Previous Price, Philadelphia Office Buildings Face Value Decline

The Montgomery Park office complex in NW Portland sells for a fraction of its previous sale price, highlighting challenges in the local real estate market. Philadelphia office buildings also experience a drop in assessed value, with potential further decreases. This episode explores the changing landscape of these office markets and the potential implications for the cities' economies.Sources:https://www.oregonlive.com/business/2024/08/montgomery-park-office-complex-in-nw-portland-sells-for-fraction-of-previous-sale-price.htmlhttps://www.bizjournals.com/philadelphia/news/2024/08/09/assessed-value-philadelphia-office-buildings.htmlhttps://www.oregonlive.com/business/2024/08/montgomery-park-office-complex-in-nw-portland-sells-for-fraction-of-previous-sale-price.htmlhttps://www.wthitv.com/news/indiana/terre-haute-city-council-approves-amending-fire-code-for-certain-commercial-buildings/article_073c1c30-55f2-11ef-8ba6-0301f742c121.htmlOutline:(00:00:00) Introduction(00:00:44) Montgomery Park office complex in NW Portland sells for fraction of previous sale price(00:04:03) Philadelphia office buildings lose 6% in assessed value, but losses could grow(00:06:57) Montgomery Park office complex in NW Portland sells for fraction of previous sale price(00:09:29) Terre Haute City Council approves amending fire code for certain commercial buildings

Newmark Secures $300M for Healthcare Real Estate JV, Mountain View Office Tower Grabs Lively Tenant Activity

Newmark secures an impressive $300 million for a joint venture in healthcare real estate. Meanwhile, the office tower at 444 Castro Street in Mountain View attracts lively tenant activity. Plus, Meridian Capital Group faces departures as Seth Grossman joins Green Pine Real Estate. Also, the LightBox Monthly CRE Activity Index remains stable in July despite broader economic volatility.Sources:https://www.law360.com/real-estate-authority/articles/1867982/newmark-secures-300m-for-healthcare-real-estate-jvhttps://www.mercurynews.com/2024/08/08/mountain-view-economy-real-estate-property-office-build-develop-tech/https://commercialobserver.com/2024/08/meridian-capital-groups-seth-grossman-co-founding-green-pine-real-estate/https://www.prnewswire.com/news-releases/lightbox-monthly-cre-activity-index-stable-in-july-despite-broader-economic-volatility-302218244.htmlOutline:(00:00:00) Introduction(00:00:41) Newmark Secures $300M For Healthcare Real Estate JV - Law360 Real Estate Authority(00:03:28) Mountain View office tower grabs lively tenant activity with leases(00:07:03) Meridian Capital Group’s Seth Grossman Joins Green Pine Real Estate(00:09:47) LightBox Monthly CRE Activity Index Stable in July Despite Broader Economic Volatility

Real Estate Updates: Top Sales of the Week, Lifetime Achievement Award for Joseph Maguire

Get the latest updates on real estate transactions in the Jacksonville and St. Johns areas, including significant property sales and developments. Plus, Joseph Maguire, a prominent figure in the commercial real estate industry, will be honored with the 2024 Lifetime Achievement Award. Also, dive into the financial performance of Ares Commercial Real Estate and its potential impact on the industry.Sources:https://www.jaxdailyrecord.com/news/2024/aug/08/top-commercial-sales-of-the-week/https://bostonrealestatetimes.com/joseph-maguire-whose-impact-on-kendall-square-the-ground-zero-of-life-sciences-industry-is-unparalleled-will-be-honored-with-the-2024-lifetime-achievement-award/https://finance.yahoo.com/news/ares-commercial-real-estate-acre-133029561.htmlhttps://www.insidermonkey.com/blog/ares-commercial-real-estate-corporation-nyseacre-q2-2024-earnings-call-transcript-1331200/Outline:(00:00:00) Introduction(00:00:38) Joseph Maguire, Whose Impact on Kendall Square—the Ground Zero of Life Sciences Industry-is Unparalleled, Will Be Honored with the 2024 Lifetime Achievement Award - Boston Real Estate Times(00:03:36) Ares Commercial Real Estate (ACRE) Reports Q2 Earnings: What Key Metrics Have to Say(00:06:23) Ares Commercial Real Estate Corporation (NYSE:ACRE) Q2 2024 Earnings Call Transcript