Real Estate

On July 15, the extension deadline for 1031 Exchange investors to choose on their replacement assets passed. With the deadline in the rearview mirror, single-tenant net-leased (STNL) asset sale velocity flattened in August 2020, according to The August 2020 NNN Market Intelligence Report Chris Pappas, associate director with Marcus & Millichap’s Net Lease Division. Total
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The pandemic has opened the door to a whole host of negotiations about rent abatements, other concessions and lease adjustments between retail landlords and their tenants.  “The pandemic has highlighted the need for many leases to have a greater degree of flexibility to accommodate significant business interruption better,” says Omar Eltorai, market analyst at Reonomy.
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Venture capital investment vehicles could be among the most profitable for opportunity zone investments. Venture capital has the potential to deliver the original investment multiple times over. As a result, venture capital could deliver the highest returns of any other opportunity zone investment. “This investment type requires an entirely different subset of skills and is
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BOSTON – JLL has appointed Travis McCready as executive director and national practice leader within its life sciences practice. Within his new role, McCready will partner with and connect local market teams throughout the US, as part of JLL’s life sciences strategy. He will additionally serve as an advisor to clients; providing the full spectrum
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As a provider of joint venture and general partner equity, real estate investment firm RanchHarbor has been seeing an influx lately of multifamily investment opportunities presented by sponsors as value-add. However, upon a closer look at the underwriting, these deals do not actually fit the typical value-add investment profile, says Adam Deermount, co-founder and managing director
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SAN FRANCISCO—The first half of the year brought a torrent of unexpected challenges for the construction industry, particularly in private nonresidential construction. On a national level, nonresidential building starts fell 19% through the first five months of the year, according to Dodge Data and Analytics. In some markets where construction shutdowns were ordered, work levels
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Blackstone has announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV. The fund has $8 billion of total capital commitments, making it the largest real estate credit fund ever raised, according to the private equity giant. Blackstone Real Estate Debt Strategies has $26 billion of assets
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With lockdowns and social distancing measures keeping people at home, tenants all across the US are having difficulty making their rent payments. Their requests for rent relief are starting to affect equity investors, according to a new report from Bryan Reid, executive director of MSCI Research, and Niel Harmse, senior associate, Global Real Estate Research.
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SAN FRANCISCO—Between all-time low hotel occupancy rates, fizzled retail rent payments, and an increase in office rent abatements and lease extensions, one thing has become evident across the commercial real estate landscape: capital expenditure spending is frozen, says Harris Cohn, vice president of commercial real estate with Carbon Lighthouse. Public first quarter 2020 REIT investor
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ALEXANDRIA, VA – Owner and developer, JBG Smith has acquired seven blocks of Citizens Broadband Radio Service spectrum spanning across Arlington County and the city of Alexandria. The owner and developer purchased the licenses through a national FCC auction, which concluded in late August. The investment is part of a broader initiative to establish National
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Healthcare is modifying to meet consumer demand in communities and in rural areas and is seeing changes with the implementation of telemedicine, medical office buildings in retail space, community hospitals and clinics, urgent care and dialysis centers. In a recent breakout session at the 2020 CREW Network Convention, panelists focused on how these modifications are
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DALLAS—While initial unemployment claims are continuing to fall, consumer confidence dropped to a six-year low in August, according to CBRE’s market update on the industrial and logistics sector. However, there are some strengths worth noting, including the industrial and logistics sector’s resiliency. “The promising US economic recovery is becoming increasingly fragile, with strong retail sales
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Affordable housing rent collections continue to struggle as the pandemic wears on. According to a new report from proptech company MRI Software, affordable housing rent collections were 77% of 2019 collections in August, and 76% of collections in July 2019. The report pulls from 1.5 million affordable housing units located throughout the US. Affordable housing
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