Simply Commercial Real Estate

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

State-backed Firms Dominate Beijing Real Estate, Future of Commercial Real Estate, Leadership Moves in CRE Industry

State-backed firms become top buyers in Beijing's real estate market. Commercial real estate preps for the workplace of the future. Major leadership moves in the commercial real estate industry. Plus, Emerald Bay Risk Solutions partners with Curotech Specialty to launch a commercial property program.Sources:https://www.scmp.com/property/article/3273434/state-backed-firms-are-new-pillar-beijings-real-estate-market-private-buyers-retreathttps://mitsloan.mit.edu/ideas-made-to-matter/commercial-real-estate-preps-workplace-futurehttps://www.mpamag.com/us/specialty/commercial/commercial-real-estate-firms-make-key-leadership-moves/500267https://www.wdrb.com/news/national/emerald-bay-risk-solutions-partners-with-curotech-specialty-to-launch-commercial-property-program/article_f0be77c9-ae59-5b24-a0d9-5e1cb0157862.htmlOutline:(00:00:00) Introduction(00:00:41) State-backed firms are top buyers, new pillar in Beijing’s real estate market(00:03:44) Commercial real estate preps for the workplace of the future(00:05:58) Commercial real estate firms make key leadership moves(00:08:31) Emerald Bay Risk Solutions Partners with Curotech Specialty to Launch Commercial Property Program

DPC Companies Acquires Atrium Plaza, DC’s Office Exodus Continues

DPC Companies acquires the Atrium Plaza, solidifying their presence in the commercial real estate market. Meanwhile, Washington D.C. experiences a significant office exodus, with a quarter of office space now empty. Also, BBG Real Estate Services promotes two executives to Managing Director, strengthening their leadership team in New York City. Plus, Target announces the largest store in the St. Louis area, bringing economic growth and job opportunities to University City.Sources:https://milehighcre.com/dpc-companies-acquires-dtc-office-building-atrium-plaza/https://wjla.com/features/i-team/out-of-the-office-washington-dc-office-space-vacant-vacancy-k-street-corridor-work-from-home-remote-real-estate-business-economy-for-lease-rent-available-cbre-group-inc-jllhttps://www.prnewswire.com/news-releases/bbg-real-estate-services-expands-new-york-city-office-leadership-team-with-the-promotion-of-two-executives-to-managing-director-302214566.htmlhttps://www.ksdk.com/article/money/business/target-coming-to-market-at-olive-university-city/63-b6fe5bb4-5fc9-4553-ab90-7bde78e4bd6aOutline:(00:00:00) Introduction(00:00:42) DPC Companies Acquires DTC Office Building, Atrium Plaza(00:03:28) Out of the Office: DC's office space is emptier than ever(00:06:19) BBG Real Estate Services Expands New York City Office Leadership Team with the Promotion of Two Executives to Managing Director(00:09:31) Largest Target store in St. Louis area coming soon to University City development

Challenges and Opportunities in Retail and Industrial Real Estate Markets

The red-hot retail real estate market faces challenges as in-person shopping makes a comeback. Meanwhile, the industrial real estate market in Northwest Arkansas experiences interesting shifts. Plus, an exclusive resource for restaurant real estate in Portland, Maine. Also, a century-old NYC office building defies the trend with major deals.Sources:https://www.businessoffashion.com/articles/retail/the-red-hot-retail-real-estate-market-in-6-charts/https://talkbusiness.net/2024/08/some-cooling-noted-in-northwest-arkansas-industrial-space/https://www.portlandfoodmap.com/restaurant-real-estate-august-2024/https://nypost.com/2024/08/04/business/century-old-nyc-office-building-signs-two-deals-to-buck-trend-toward-newer-towers/Outline:(00:00:00) Introduction(00:00:41) The Red-Hot Retail Real Estate Market, in 6 Charts(00:02:57) Some cooling noted in Northwest Arkansas industrial space - Talk Business & Politics(00:05:28) Restaurant Real Estate: August 2024(00:08:23) Century-old NYC office building signs two deals to buck trend toward...

Deutsche Bank to Dump $1B in Real Estate Loans, Commercial Property For Sale in Gulf Shores

Deutsche Bank plans to offload $1 billion in real estate loans, raising concerns about the health of the commercial real estate sector. Meanwhile, there's an exciting investment opportunity in Gulf Shores, Alabama with two adjacent commercial properties for sale. Also, discover the surprising lessons Colorado can teach us about commercial real estate, and learn about the significant shift in commercial property transactions in Japan during Q2.Sources:https://therealdeal.com/national/2024/08/03/deutsche-bank-set-to-dump-1-billion-in-real-estate-loans/https://www.obawebsite.com/large-commercial-property-for-sale-on-hwy-59-in-gulf-shoreshttps://www.ocregister.com/2024/08/03/what-colorado-can-teach-us-about-commercial-real-estate/https://www.worldpropertyjournal.com/real-estate-news/japan/tokyo-real-estate-news/japan-real-estate-news-japan-commercial-property-sales-data-for-2024-cbre-japan-cap-rate-survey-2024-tokyo-commercial-real-estate-sales-data-for-2024--14193.phpOutline:(00:00:00) Introduction(00:00:40) Deutsche Bank Set to Dump $1 Billion in Real Estate Loans(00:02:52) Large Commercial Property For Sale on Hwy. 59 In Gulf Shores(00:05:05) What Colorado can teach us about commercial real estate(00:07:00) Commercial Property Transactions in Japan Dive 25 Percent Annually in Q2

Looming Debt Maturities in Commercial Real Estate, Deutsche Bank Offloads $1B in Loans

Commercial real estate faces challenges as $1.8 trillion in loans are set to mature. Deutsche Bank reduces exposure by offloading $1 billion in U.S. commercial property loans. Plus, a retail center on Route 17 sells for nearly $37 million, and commercial property transactions in Japan dive 25% in Q2.Sources:https://urbanland.uli.org/capital-markets-and-finance/august-24-economist-snapshothttps://finance.yahoo.com/news/deutsche-bank-db-offload-1b-151100960.htmlhttps://www.northjersey.com/story/news/business/2024/08/02/paramus-nj-retail-center-route-17-sold/74629702007/https://www.worldpropertyjournal.com/real-estate-news/japan/tokyo-real-estate-news/japan-real-estate-news-japan-commercial-property-sales-data-for-2024-cbre-japan-cap-rate-survey-2024-tokyo-commercial-real-estate-sales-data-for-2024--14193.phpOutline:(00:00:00) Introduction(00:00:43) August '24 Economist Snapshot: Commercial Real Estate’s Looming Debt Maturities(00:01:09) Deutsche Bank (DB) to Offload $1B US Commercial Property Loans(00:04:21) Paramus retail center on Route 17 sells for nearly $37M(00:06:38) Commercial Property Transactions in Japan Dive 25 Percent Annually in Q2

ACR Reports Q2 Results, Miami’s Commercial Real Estate Boom, KKR’s Real Estate Strategy

ACRES Commercial Realty Corp. reports its results for the second quarter of 2024, showcasing a GAAP net income of $1.7 million. Meanwhile, Miami's commercial real estate market is defying the national trend and experiencing unprecedented growth. Plus, KKR & Co. reveals its plans to ramp up property acquisitions, signaling a 'sweet spot' year for real estate investments. Join us as we provide insights into the performance of ACR, uncover the factors behind Miami's success, and explore KKR's real estate strategy.Sources:https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-reports-results-for-second-quarter-2024-302211370.htmlhttps://www.kuow.org/stories/miami-commercial-real-estate-bucking-national-trendhttps://richmondbizsense.com/2024/08/02/the-pipeline-commercial-real-estate-roundup-for-8-2-24/https://www.bisnow.com/national/news/capital-markets/kkr-sees-stronger-second-half-of-24-as-cre-investor-125336Outline:(00:00:00) Introduction(00:00:40) ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR SECOND QUARTER 2024(00:03:06) Miami commercial real estate bucking national trend(00:05:39) The Pipeline: Commercial real estate roundup for 8.2.24(00:08:12) KKR Says 2024 Could Be 'Sweet Spot' To Buy Real Estate

Office Space Transformation, ACR’s Q2 Results, Kenwood’s Portfolio Success, and Demand for Small Warehouses

Companies want office buildings with less space and more amenities. ACRES Commercial Realty Corp. reports results for the second quarter of 2024. Kenwood's commercial real estate portfolio exceeds pre-Covid levels. Demand for small warehouse spaces shows no signs of slowing down. Stay informed about the evolving nature of office spaces, real estate investment opportunities, successful property management strategies, and the warehouse space market in Greater Boston's suburbs.Sources:https://www.marketplace.org/2024/07/31/office-buildings-office-space-amenities-real-estate-commercial/https://www.prnewswire.com/news-releases/acres-commercial-realty-corp-reports-results-for-second-quarter-2024-302211370.htmlhttps://www.openpr.com/news/3606039/kenwood-s-commercial-real-estate-portfolio-exceeds-pre-covidhttps://bostonrealestatetimes.com/demand-for-small-warehouse-spaces-shows-no-signs-of-slowing-down-says-obrien-commercial/Outline:(00:00:00) Introduction(00:00:41) Companies want office buildings with less space, more amenities(00:02:46) ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR SECOND QUARTER 2024(00:05:48) Kenwood's Commercial Real Estate Portfolio Exceeds Pre-Covid Levels(00:08:10) Demand for Small Warehouse Spaces Shows No Signs of Slowing Down, Says O’Brien Commercial - Boston Real Estate Times

Shift in Demand for Prime Office Space, Rising Demand for Small Warehouse Spaces

Tenants are leasing more office space in 'prime' buildings, while demand for small warehouse spaces shows no signs of slowing down. Also, EagleBank adds an experienced commercial real estate expert to its Board of Directors, and a significant commercial property trades in West Babylon.Sources:https://www.commercialsearch.com/news/tenants-are-leasing-more-office-space-in-prime-buildings/https://bostonrealestatetimes.com/demand-for-small-warehouse-spaces-shows-no-signs-of-slowing-down-says-obrien-commercial/https://www.stocktitan.net/news/EGBN/eagle-bank-adds-experienced-commercial-real-estate-expert-to-the-ojipt095100u.htmlhttps://libn.com/2024/07/29/west-babylon-commercial-property-trades-for-2-25m/Outline:(00:00:00) Introduction(00:00:43) Tenants Are Leasing More Office Space in ‘Prime’ Buildings(00:03:18) Demand for Small Warehouse Spaces Shows No Signs of Slowing Down, Says O’Brien Commercial - Boston Real Estate Times(00:05:19) EagleBank Adds Experienced Commercial Real Estate Expert to the Board of Directors(00:07:58) West Babylon commercial property trades for $2.25M | Long Island Business News

Global Real Estate Opportunities, Chicago’s North Shore Investment, Bellevue’s Housing Code Change

Diversification: A Key to Playing the Global Real Estate Recovery. Hilco Real Estate Sales announces a housing and commercial investment opportunity for sale in Chicago's North Shore. Bellevue City Council discusses a code change for converting commercial buildings to housing.Sources:https://www.kkr.com/insights/real-estate-diversificationhttps://www.law360.com/real-estate-authority/articles/1863172/rialto-blackstone-foreclosures-add-up-on-signature-loanshttps://www.prnewswire.com/news-releases/hilco-real-estate-sales-announces-housing--commercial-investment-opportunity-for-sale-in-chicagos-north-shore-302208928.htmlhttps://downtownbellevue.com/2024/07/29/bellevue-council-discusses-code-change-converting-commercial-buildings-housing/Outline:(00:00:00) Introduction(00:00:44) Diversification: A Key to Playing the Global Real Estate Recovery(00:03:15) Hilco Real Estate Sales Announces Housing & Commercial Investment Opportunity For Sale in Chicago's North Shore(00:07:27) Bellevue Council Discusses Code Change for Converting Commercial Buildings to Housing