Simply Commercial Real Estate

Brooklyn’s Refinery Welcomes New Tenants, Massive Fire Erupts in Cape Coral

First wave of new commercial tenants begin to fill historic Refinery at Domino development. A devastating fire erupts at a commercial building in Cape Coral, causing chaos and destruction. Stay updated on the thriving creative scene in Brooklyn and the impact of the fire in Cape Coral.Sources:https://brooklyneagle.com/articles/2024/04/29/commercial-tenants-fill-refinery-at-domino-development/https://www.bizjournals.com/seattle/news/2024/04/29/future-of-seattle-historic-buildings-conversions.htmlhttps://www.bizjournals.com/seattle/news/2024/04/29/future-of-seattle-historic-buildings-conversions.htmlhttps://www.nbc-2.com/article/cape-coral-large-fire-business/60640254Outline:(00:00:00) Introduction(00:00:42) First wave of new commercial tenants begin to fill historic Refinery at Domino development(00:03:28) Editor's notebook: What will become of Seattle's historic office buildings?(00:04:46) Editor's notebook: What will become of Seattle's historic office buildings?(00:06:28) Massive fire erupts at Cape Coral commercial building

Transformative Transit Village Planned, Historic Heights Site to Become Hip Project

A transformative project is set to revolutionize transportation in Rochester with the development of a transit village and the Link Rapid Transit route. Houston's historic warehouse complex in the Heights is undergoing a remarkable transformation into a vibrant mixed-use project. Plus, insights into investing in vacant commercial property and the recovery of the multifamily market.Sources:https://www.postbulletin.com/news/local/2-500-stall-parking-ramp-apartments-and-commercial-space-highlight-transit-village-and-link-planshttps://www.houstonchronicle.com/business/real-estate/article/swift-building-redevelopment-heights-houston-19408803.phphttps://www.record-bee.com/2024/04/27/investing-in-vacant-commercial-property/https://finance-commerce.com/2024/04/multifamily-market-showing-signs-of-recovering/Outline:(00:00:00) Introduction(00:00:46) 2,500-stall parking ramp, apartments and commercial space highlight Transit Village and Link plans(00:03:20) Exclusive: Historic Heights site to become hip, mixed-use project(00:06:08) Investing In Vacant Commercial Property(00:09:43) Multifamily market showing signs of recovering

Fractional Ownership Gains Popularity, Investing in Vacant Commercial Property

64% of affluent investors lean towards fractional ownership in commercial real estate. Investing in vacant commercial property offers lucrative opportunities. Plus, the European commercial real estate market stumbles in 2024. Also, Houston's historic Heights site to become a hip, mixed-use project.Sources:https://www.republicworld.com/business/real-estate/64-of-affluent-investors-lean-towards-fractional-ownership-eyeing-commercial-real-estatehttps://www.record-bee.com/2024/04/27/investing-in-vacant-commercial-property/https://workplaceinsight.net/european-commercial-real-estate-market-stumbles-in-2024/https://www.houstonchronicle.com/business/real-estate/article/swift-building-redevelopment-heights-houston-19408803.phpOutline:(00:00:00) Introduction(00:00:42) 64% of affluent investors lean towards fractional ownership eyeing commercial real estate- Republic World(00:03:38) Investing In Vacant Commercial Property(00:07:34) European commercial real estate market stumbles in 2024(00:10:40) Exclusive: Historic Heights site to become hip, mixed-use project

European Commercial Real Estate Market Declines, AV Trends in Commercial Spaces

The European commercial real estate market stumbles in 2024, facing a significant downturn. Plus, John Carroll of Nard's Entertainment discusses AV trends in commercial spaces. Also, De Soto tackles major infrastructure upgrades amid a development boom.Sources:https://workplaceinsight.net/european-commercial-real-estate-market-stumbles-in-2024/https://www.commercialintegrator.com/video/nards-entertainments-john-carroll-on-av-trends-in-commercial-spaces/133674/https://www.connectcre.com/stories/the-salt-shed-to-host-annual-chicago-commercial-real-estate-awards/https://www.bizjournals.com/kansascity/news/2024/04/26/infastructure-challenges-development-in-de-soto.htmlOutline:(00:00:00) Introduction(00:00:41) European commercial real estate market stumbles in 2024(00:04:28) Nard's Entertainment's John Carroll on AV Trends in Commercial Spaces(00:06:12) The Salt Shed to Host Annual Chicago Commercial Real Estate Awards(00:09:43) De Soto tackles major infrastructure upgrades amid development boom

Black Lion Transforms Miami Beach Building, Chicago Industrial Market Thrives

Black Lion acquires a Miami Beach building and plans an ultra-luxury office transformation. The Chicago industrial market outpaces the rest of the Midwest. Also, exciting new development plans for a gravel pit site in Shakopee, Minnesota.Sources:https://www.commercialcafe.com/blog/black-lion-acquires-miami-beach-office/https://www.commercialsearch.com/news/chicago-industrial-market-outpaces-the-rest-of-the-midwest/https://www.commercialsearch.com/news/chicago-industrial-market-outpaces-the-rest-of-the-midwest/https://finance-commerce.com/2024/04/developer-plans-commercial-multifamily-and-single-family-at-shakopee-gravel-pit-site/Outline:(00:00:00) Introduction(00:00:43) Black Lion Acquires Miami Beach Building, Plans Ultra-Luxury Office Transformation(00:03:39) Chicago Industrial Market Outpaces the Rest of the Midwest(00:06:10) Chicago Industrial Market Outpaces the Rest of the Midwest(00:08:58) Developer plans commercial, multifamily and single-family at Shakopee gravel pit site

Challenges in Northern Ireland’s Commercial Property Market, hBits Acquires CyberCity Magarpatta

Demand for commercial property in the north continued to fall in the first quarter. hBits acquires a Grade A commercial property in CyberCity Magarpatta. Plus, Investcorp sells an Orlando industrial park for $40M, and Industrious extends and expands its Manhattan lease.Sources:https://www.irishnews.com/news/business/demand-for-commercial-property-in-the-north-continued-to-fall-in-first-quarter-survey-7INQW7ODWVC5XPWL4Y5O5LOW64/https://www.rprealtyplus.com/newsviews/hbits-acquires-grade-a-commercial-property-in-cybercity-magarpatta-114889.htmlhttps://www.commercialsearch.com/news/investcorp-sells-orlando-industrial-park-for-40m/https://www.commercialsearch.com/news/industrious-extends-expands-manhattan-lease/Outline:(00:00:00) Introduction(00:00:41) Demand for commercial property in the north continued to fall in first quarter(00:03:11) hBits Acquires Grade A Commercial Property In Cybercity Magarpatta(00:05:57) Investcorp Sells Orlando Industrial Park for $40M(00:08:31) Industrious Extends, Expands Manhattan Lease

Marx Realty Renovates DC Office Building, Seagis Secures $81M Refi for NJ Warehouse

Marx Realty completes the renovation of One Glover, a historic office building in DC. Seagis Property Group secures an $81M refinancing deal for a state-of-the-art warehouse in NJ. Plus, high net worth individuals bet on fractional ownership of commercial real estate in India. Also, Monday Properties inks a 24 KSF office lease in Arlington, VA.Sources:https://www.commercialsearch.com/news/marx-realty-completes-renovation-of-dc-office-building/https://www.commercialsearch.com/news/seagis-secures-81m-refi-for-new-jersey-warehouse/https://economictimes.indiatimes.com/industry/services/property-/-cstruction/high-net-worth-individuals-bets-on-fractional-ownership-of-commercial-real-estate/articleshow/109558850.cmshttps://www.commercialsearch.com/news/monday-properties-inks-24-ksf-office-lease/Outline:(00:00:00) Introduction(00:00:42) Marx Realty Completes Renovation of DC Office Building(00:03:42) Seagis Secures $81M Refi for New Jersey Warehouse(00:06:15) High Net Worth Individuals bets on fractional ownership of commercial real estate(00:08:59) Monday Properties Inks 24 KSF Office Lease

Developers Convert Office Space, Century-old Firm Moves HQ, Tampa Project Launches

Developers increasingly looking to convert office space into residential. Century-old mechanical contracting firm moves its headquarters to Lynnwood. Stonemont and PCCP launch Tampa project. Stay updated on the latest developments in real estate with Simply C.R.E.Sources:https://www.businessreport.com/newsletters/developers-increasingly-looking-to-convert-office-space-into-residentialhttps://www.bizjournals.com/seattle/news/2024/04/22/umc-mechanical-contractor-moves-headquarters.htmlhttps://www.bizjournals.com/seattle/news/2024/04/22/umc-mechanical-contractor-moves-headquarters.htmlhttps://www.commercialsearch.com/news/stonemont-pccp-launch-tampa-project/Outline:(00:00:00) Introduction(00:00:40) Developers increasingly looking to convert office space into residential(00:03:55) Century-old mechanical contracting firm moves its headquarters to Lynnwood(00:06:34) Stonemont, PCCP Launch Tampa Project

Rise of Online Auctions in Los Angeles Real Estate, Grade A Office Spaces Redefining Commercial Segment

Commercial real estate in Los Angeles sees a shift towards online auctions, while Grade A office spaces redefine the industry. Also, Bengaluru-based RMZ Corporation explores global real estate expansion opportunities. Plus, upscale Sarasota clothing boutique and other notable commercial real estate deals in Fort Myers.Sources:https://labusinessjournal.com/special-reports/real-estate-quarterly-auctions-on-the-rise/https://etinsights.et-edge.com/grade-a-office-space-an-increasingly-significant-factor-in-the-commercial-real-estate-segment/https://www.hindustantimes.com/real-estate/bengalurubased-rmz-corporation-exploring-real-estate-expansion-opportunities-in-the-us-eu-and-uk-101713757784330.htmlhttps://www.businessobserverfl.com/news/2024/apr/21/upscale-sarasota-boutique-for-sale/Outline:(00:00:00) Introduction(00:00:46) Real Estate Quarterly: Auctions On the Rise - Los Angeles Business Journal(00:03:45) ‘Grade A Office Space’ - An increasingly significant factor in the commercial real estate segment(00:05:51) Bengaluru-based RMZ Corporation exploring real estate expansion opportunities in the US, EU and UK(00:08:35) Upscale Sarasota clothing boutique, and its building, up for sale

KKR Launches Real Estate Credit Service in Ireland, ACRE Stake Sold by Nisa Investment Advisors

Investment giant KKR launches K-Star, its real estate credit service, in Ireland. Nisa Investment Advisors sells a significant stake in Ares Commercial Real Estate Co. Plus, F&C Commercial Property Trust stock passes above its 200-day moving average. Also, Highwoods Properties secures a lease agreement for a Research Triangle headquarters.Sources:https://www.independent.ie/business/commercial-property/investment-giant-kkr-to-launch-real-estate-credit-service-k-star-in-ireland/a1423267984.htmlhttps://www.defenseworld.net/2024/04/20/nisa-investment-advisors-llc-sells-32123-shares-of-ares-commercial-real-estate-co-nyseacre.htmlhttps://www.defenseworld.net/2024/04/20/fc-commercial-property-trust-lonfcpt-stock-passes-above-200-day-moving-average-of-121-20.htmlhttps://www.commercialsearch.com/news/highwoods-properties-inks-research-triangle-hq-lease/Outline:(00:00:00) Introduction(00:00:44) Investment giant KKR to launch real estate credit service K-Star in Ireland(00:03:20) Nisa Investment Advisors LLC Sells 32,123 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE)(00:06:33) F&C Commercial Property Trust (LON:FCPT) Stock Passes Above 200 Day Moving Average of $121.20(00:10:49) Highwoods Properties Inks Research Triangle HQ Lease