Simply Commercial Real Estate

Hong Kong Office Tower Seized, Aberdeen Commercial Property Surges, Taco Bell Property Sold

A Hong Kong office tower previously seized from a Chinese tycoon is back on sale. Aberdeen's commercial property market attracts £181m in investment. The property occupied by Taco Bell in Park Place East sells for $1.8 million plus. Plus, a strategist warns of a potential sharp correction in the real estate market.Sources:https://www.scmp.com/business/article/3269212/hong-kong-office-tower-seized-tycoon-chen-hongtian-put-new-round-biddinghttps://www.scottishfinancialnews.com/articles/knight-frank-aberdeen-commercial-property-attracts-ps181m-during-h1-2024https://wnws.com/commercial-property-in-park-place-east-sells-for-1-8-million-plus/https://www.businessinsider.com/real-estate-crash-home-prices-correction-foreclosures-mortgage-defaults-2024-7Outline:(00:00:00) Introduction(00:00:42) Hong Kong office tower seized from Chinese tycoon put back on sale(00:03:25) Knight Frank: Aberdeen commercial property attracts £181m during H1 2024(00:05:59) Commercial property in Park Place East sells for $1.8 million plus - WNWS Radio(00:08:07) The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says

Green Certifications for Indian Real Estate, US Banks Face CRE Loan Worries

Building a greener future: Why green certifications are key for Indian commercial real estate. US banks' commercial real estate loan worries linger after latest tumble. Plus, Heights real estate company changes locations, prepares for expansion. Also, First Foundation stock plunges after $228M fundraise: Regional bank has heavy commercial real estate exposure.Sources:https://www.financialexpress.com/sustainability-2/building-a-greener-future-why-green-certifications-are-key-for-indian-commercial-real-estate/3543272/https://theedgemalaysia.com/node/717836https://kdhnews.com/business/heights-real-estate-company-changes-locations-prepares-for-expansion/article_d0cfa452-398e-11ef-881b-3f510aab4a21.htmlhttps://markets.businessinsider.com/news/etf/first-foundation-stock-plunges-after-228m-fundraise-regional-bank-has-heavy-commercial-real-estate-exposure-1033527697Outline:(00:00:00) Introduction(00:00:41) Building a greener future: Why green certifications are key for Indian commercial real estate(00:04:54) US banks' commercial real estate loan worries linger after latest tumble(00:08:01) Heights real estate company changes locations, prepares for expansion(00:10:46) First Foundation Stock Plunges After $228M Fundraise: Regional Bank Has Heavy Commercial Real Estate Exposure

Wall Lake Promotes Growth, Shapiro Law Firm Relocates HQ, IMC Equity Group Makes Major Purchase

The City of Wall Lake encourages the construction of residential and commercial buildings in upcoming projects. Shapiro Law Firm relocates its headquarters to a new office in Phoenix's Arcadia neighborhood. IMC Equity Group buys the Sawgrass Technology Park in Sunrise, Florida at a $25 million discount. Stay informed on the latest real estate news with Simply C.R.E.Sources:https://www.1380kcim.com/2024/07/01/the-city-of-wall-lake-encouraging-construction-of-residential-and-commercial-buildings-in-upcoming-projects/https://www.bizjournals.com/phoenix/news/2024/07/02/shapiro-law-team-relocates-to-arcadia.htmlhttps://www.1380kcim.com/2024/07/01/the-city-of-wall-lake-encouraging-construction-of-residential-and-commercial-buildings-in-upcoming-projects/https://commercialobserver.com/2024/07/imc-equity-group-sawgrass-technology-park-bridge-commercial-real-estate/Outline:(00:00:00) Introduction(00:00:43) The City Of Wall Lake Encouraging Construction Of Residential And Commercial Buildings In Upcoming Projects(00:02:27) Shapiro Law Team relocates headquarters from Scottsdale to Arcadia(00:04:59) The City Of Wall Lake Encouraging Construction Of Residential And Commercial Buildings In Upcoming Projects(00:06:55) IMC Equity Group Buys Sunrise Office Park at $25M Discount

Wall Lake Promotes Residential and Commercial Construction, Queen Anne Building Sold

The City of Wall Lake encourages the construction of residential and commercial buildings in upcoming projects. Trinity Real Estate makes a significant acquisition with the sale of a mixed-use building in Lower Queen Anne. Stay updated on the latest developments in real estate with Simply C.R.E.Sources:https://www.1380kcim.com/2024/07/01/the-city-of-wall-lake-encouraging-construction-of-residential-and-commercial-buildings-in-upcoming-projects/https://www.bizjournals.com/seattle/news/2024/07/01/seattle-apartment-asset-lower-queen-anne-sells.htmlhttps://www.1380kcim.com/2024/07/01/the-city-of-wall-lake-encouraging-construction-of-residential-and-commercial-buildings-in-upcoming-projects/https://shoppingcenterbusiness.com/hanley-arranges-3-9-million-sale-of-single-tenant-property-in-southern-california/Outline:(00:00:00) Introduction(00:00:43) The City Of Wall Lake Encouraging Construction Of Residential And Commercial Buildings In Upcoming Projects(00:03:05) Lower Queen Anne mixed-use building sells for first time(00:03:55) The City Of Wall Lake Encouraging Construction Of Residential And Commercial Buildings In Upcoming Projects(00:06:34) Hanley Arranges $3.9 Million Sale of Single-Tenant Property in Southern California

China’s First Commercial Space Launch Site Ready, Pittsburgh Real Estate Projects, DIFC Launches Commercial Property

China completes its first commercial space launch site. The Hudson Companies driving progress in the Pittsburgh real estate market. Dubai International Financial Centre (DIFC) launches a groundbreaking commercial property project. Plus, lenders absorb the blow from high office vacancies, but can they handle a glut of apartments?Sources:https://www.firstpost.com/world/chinas-first-commercial-space-launch-site-ready-for-operations-13787865.htmlhttps://www.bizjournals.com/pittsburgh/news/2024/07/01/raising-an-empire-one-building-at-a-time.htmlhttps://arab.news/b3mcrhttps://www.denverpost.com/2024/06/30/office-market-downturn-banks-lenders-apartment-construction/Outline:(00:00:00) Introduction(00:00:40) China's first commercial space launch site ready for operations(00:03:16) Raising an empire one building at a time: The Hudson Companies driving progress in the Pittsburgh real estate market with major projects(00:06:42) DIFC launches commercial property project(00:09:42) Lenders are absorbing the blow from high office vacancies, but can they handle a glut of apartments?

Major Real Estate Acquisition, Investing in CRE for Long-Term Wealth

Regional business property firm acquires former Trendway site. Learn why Black athletes should invest in commercial real estate to secure long-term wealth. Plus, commercial property vacancy rate predicted to peak in 2026. Also, discover how one property manager solved the EV charging puzzle on Sustainability Street.Sources:https://whtc.com/2024/06/29/regional-business-property-firm-acquires-former-trendway-site/https://www.blackenterprise.com/why-black-athletes-invest-commercial-real-estate/https://www.cfodive.com/news/commercial-property-vacancy-rate-peak-2026-moodys-CRE-delinquency-real-estate/720234/https://www.commercialsearch.com/news/sustainability-street-how-one-property-manager-solved-the-ev-charging-puzzle/Outline:(00:00:00) Introduction(00:00:42) Regional Business Property Firm Acquires Former Trendway Site(00:02:37) Why Black Athletes Should Invest In Commercial Real Estate To Secure Long-Term Wealth(00:06:48) Commercial property vacancy rate to peak in 2026 at 24%: Moody’s(00:08:53) Sustainability Street: How One Property Manager Solved the EV Charging Puzzle

Securing Long-Term Wealth for Black Athletes, DoubleTree’s Uncertain Future

Why Black athletes should invest in commercial real estate to secure long-term wealth. The DoubleTree by Hilton Midland Plaza responds to rumors of foreclosure. Plus, Goldman Sachs suggests the worst may be over for the commercial real estate market. Also, meet Scott Schroeder, the top real estate agent in Wisconsin for commercial sales.Sources:https://www.blackenterprise.com/why-black-athletes-invest-commercial-real-estate/https://www.newswest9.com/article/money/business/doubletree-by-hilton-midland-plaza-rumors-of-foreclosure/513-9b9ca06b-014f-4b87-ac04-d08ee34fb415https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39556989/goldman-sachs-the-worst-for-commercial-real-estate-market-may-be-over-but-it-is-likhttps://wiscnews.com/news/local/portage-realtor-award-commercial/article_c4ec8a9a-227f-11ef-af95-438431f7afae.htmlOutline:(00:00:00) Introduction(00:00:43) Why Black Athletes Should Invest In Commercial Real Estate To Secure Long-Term Wealth(00:05:03) DoubleTree by Hilton Midland Plaza responds to rumors of foreclosure(00:07:23) Goldman Sachs: The Worst For Commercial Real Estate Market May Be Over, But 'It Is Likely To Take Longer To Inflect Positive' - VanEck ETF Trust VanEck Office and Commercial REIT ETF (ARCA:DESK), Highwoods Props (NYSE:HIW)(00:10:41) Portage-area real estate agent tops company's 2023 commercial sales in state

REITs and InvITs: Retail Investors’ Gateway to Real Estate, RFR Sells Iconic Upper East Side Property

Learn how REITs and InvITs revolutionize real estate investment. Plus, RFR fetches $560 million for Upper East Side property. Also, explore the reasons behind real estate developers' interest in Mumbai and Bengaluru markets. Additionally, understand the concerns surrounding Ares Commercial Real Estate Co.'s performance.Sources:https://www.freepressjournal.in/business/invits-and-reits-retail-investors-entry-into-commercial-real-estatehttps://www.commercialcafe.com/blog/rfr-fetches-560-million-for-upper-east-side-property/https://www.hindustantimes.com/real-estate/why-are-real-estate-developers-making-a-beeline-for-mumbai-and-bengaluru-markets-101719174216183.htmlhttps://www.defenseworld.net/2024/06/24/ares-commercial-real-estate-co-nyseacre-receives-consensus-rating-of-reduce-from-analysts.htmlOutline:(00:00:00) Introduction(00:00:44) InVITs And REITs: Retail Investor's Entry Into Commercial Real Estate(00:03:15) RFR Fetches $560 Million for Upper East Side Property(00:05:53) Why are real estate developers making a beeline for Mumbai and Bengaluru markets?(00:09:13) Ares Commercial Real Estate Co. (NYSE:ACRE) Receives Consensus Rating of “Reduce” from Analysts

Mixed-Use Development Underway in Park City, Real Estate Industry Mourns Loss of Frederick Rudd

Exciting developments are underway in Park City with the construction of the Studio Crossing mixed-use development. Plus, the passing of Frederick Rudd, a prominent Manhattan real estate developer, leaves a void in the industry. Also, Apple Hospitality REIT makes a major acquisition in Wisconsin, and Scarinci Hollenbeck adds six real estate attorneys in New Jersey.Sources:https://www.kpcw.org/park-city/2024-06-22/studio-crossing-mixed-use-development-under-constructionhttps://therealdeal.com/new-york/2024/06/21/rudd-realty-management-founder-dead-at-70/https://www.law360.com/real-estate-authority/articles/1850251/apple-hospitality-reit-snags-wisconsin-hotel-for-79-5mhttps://www.law360.com/real-estate-authority/articles/1849659/scarinci-hollenbeck-adds-6-real-estate-attys-in-njOutline:(00:00:00) Introduction(00:00:42) Studio Crossing mixed-use development under construction(00:03:24) Rudd Realty Management Founder Dead at 70(00:06:21) Apple Hospitality REIT Snags Wisconsin Hotel For $79.5M - Law360 Real Estate Authority(00:09:31) Scarinci Hollenbeck Adds 6 Real Estate Attys In NJ - Law360 Real Estate Authority

Credit Union 1 Surpasses $1B in Originations, Apple Hospitality REIT Makes Major Acquisition

Credit Union 1's Commercial Real Estate Team achieves a milestone by surpassing $1 billion in originations. Apple Hospitality REIT acquires a hotel in Wisconsin for $79.5 million. Plus, an update on the passing of Rudd Realty Management's founder.Sources:https://markets.businessinsider.com/news/stocks/credit-union-1-commercial-real-estate-team-surpasses-1-billion-in-originations-1033497129https://www.law360.com/real-estate-authority/articles/1850251/apple-hospitality-reit-snags-wisconsin-hotel-for-79-5mhttps://therealdeal.com/new-york/2024/06/21/rudd-realty-management-founder-dead-at-70/https://therealdeal.com/new-york/2024/06/21/rudd-realty-management-founder-dead-at-70/Outline:(00:00:00) Introduction(00:00:44) Credit Union 1 Commercial Real Estate Team Surpasses $1 Billion in Originations(00:03:10) Apple Hospitality REIT Snags Wisconsin Hotel For $79.5M - Law360 Real Estate Authority(00:05:51) Rudd Realty Management Founder Dead at 70(00:08:49) Rudd Realty Management Founder Dead at 70