Real Estate

After opening for outdoor dining following months of lockdowns and economic hardship, US restaurants are recovering, but at a glacial pace. Indeed, a new report by S&P Global Market Intelligence revealed that the recovery of sales and employment slowed down in August. “August sales for the embattled industry fell about 15% from the year-ago period,
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Institutions are becoming increasingly interested in manufactured housing. To name one recent example, Blackstone Group is in exclusive talks to acquire about 40 parks from Summit Communities for roughly $550 million through its REIT, Blackstone Real Estate Income Trust, according to Bloomberg. These investors are drawn to the sector for its resiliency and upwardly trending
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Earlier this week, The Connell Company announced that it has partnered with Hana to open and operate Round Table Studios, a shared flexible workspace at Connell Park in Berkeley Heights, NJ. Round Table Studios, which provides curated office spaces, amenities and hospitality services for co-working, mid-to-large tenants and their guests, will occupy 40,000 square feet
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If you live in a big US city, you have probably gotten a call like this from someone who doesn’t: Caller: How are you? Are you all right? Big City Resident: I’m fine. No COVID. C: No, no. Do you feel safe? BCR: What are you talking about? C: Can you go out?  BCR: What
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Blackstone Group is in exclusive talks to acquire about 40 parks from Summit Communities for roughly $550 million through its REIT, Blackstone Real Estate Income Trust, sources have told Bloomberg.  Once acquired, BREIT will invest in upgrades, including building shared facilities such as swimming pools, a source told Bloomberg. Manufactured homes have become a valued
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While Hines’ Senior Managing Director John Heagy was able to close a massive deal with Microsoft at the 523,000 square-foot Atlantic Yards office development in West Midtown Atlanta in May, he admits COVID has upended the office leasing process. “There is no question that the environment for traditional marketing has been completely rocked,” Heagy says.
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An ORIX Corp. subsidiary, Boston Financial Investment Management, has entered into an agreement with Boston Capital to acquire its low-income housing tax credit fund portfolio, with the closing subject to customary conditions and approvals. Boston Financial is among the leaders in the LIHTC industry, managing a $7.7 billion portfolio comprising over 1,125 properties and 98,110
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Throughout the economic cycle’s ups and downs, industry stakeholders have been striving to manage and track to the wealth of capital flowing in and out of commercial real estate. Handling the entire process, at the center of it all, are the arrangers of debt and equity transactions. These middlemen and middlewomen are working to structure
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