Sagard Real Estate的动态

It was time to sell a multigenerational portfolio! Back in 2008, we met with members of the Waxman and Feirstein families. The prior generation had spent decades amassing a large parking property portfolio. Back in those days, the lots were worth more as parking revenue-producing assets as opposed to their land value. The current generation wanted to know what the assets were worth, so we put together a valuation on about a dozen parking assets located in midtown, Chelsea, and the garment center of New York City. The market had already begun to crack as the Great Financial Crisis was setting in. Notwithstanding this fact, the values were still substantially above what the families had paid for the assets. However, given the market conditions, we advised the families to not sell and hold onto the assets until the market got better. They agreed. We kept in touch with the families regularly as the GFC unfolded and eventually began to abate. When the time was right, we approached the owners and let them know it was time to take another look at the assets, and a new set of valuations was prepared. We were retained to sell all of the assets. The buildings at 321-325 West 35th Street and 326-328 West 36th Street created a block-through site with two lots on 35th Street having 52 feet of frontage and one lot on 36th Street with 83 feet of frontage. The total site had approximately 164,000 buildable square feet. The site was commercially zoned and was only commercial. With the floor plates too small for office development, hotel developers were the target market. We were able to create a bidding war between three hotel developers and were able to close the transaction on 1/16/13 for $33.5 million. By the time the assignment was completed, all of the assets were sold for an aggregate price in excess of $120 million. Here's what one of the sellers had to say: "Bob Knakal and his team did an outstanding job selling our entire parking property portfolio. The execution was terrific and the results were spectacular!" Mike Feirstein, Amon Partners #testimonialtuesday #nycrealestate #bkrea

The Bascom Group, LLC has acquired San Miguel Court Apartments, a 1974 built, 96-unit garden-style #multifamily property located at 2029 Calle Lorca in Santa Fe, New Mexico. Ryan Greer and CJ Connolly of CBRE arranged the #debt financing for the acquisition with LaSalle Investment Management as the lender. Apartment Management Consultants LLC will provide property management, and SD-Cap Construction Management, LLC will provide #construction management services. With the unprecedented interest rate increases over the past year and subsequent decline in #apartment values, San Miguel Court continues the brisk acquisition pace for Bascom in 2024, marking the firm’s third #acquisition this year. The purchase of San Miguel Court comes on the heels of recent Bascom acquisitions including, The Overlook, a 344-unit garden style #multifamily property located in Albuquerque, New Mexico, and Texan26, a 204-bed student #housing community in Austin, Texas. San Miguel Court #Apartments features a diverse unit mix, including one-, two- and three-bedroom #units with in-home washers and dryers, hardwood-style flooring, stainless steel appliances, and large walk-in closets. The low-density #property sits in a desirable infill location, offering residents access to a vibrant neighborhood, with proximity to major #employment hubs, entertainment, shopping, dining, and recreational facilities. ? Santa Fe’s expanding economy, along with an appealing climate and exceptional quality of life, has fueled recent growth in both the population and labor force. In 2023, #SantaFe saw a significant surge, marked by a 3.9% increase in the labor force and the addition of 2,300 new jobs. Key contributors to Santa Fe’s employment growth include the Los Alamos National Laboratory (LANL), a growing hub for scientific innovation and a major catalyst for #economic expansion in New Mexico, the fast-emerging film and entertainment industry, marked by new studio developments in Santa Fe’s Midtown District, and the CHRISTUS Health Regional Medical Center, which recently broke ground on a 72,000 square-foot Cancer Center expansion, expected to open late 2024. ? Santa Fe is widely considered one of the country's great havens for arts and culture, due to its numerous galleries, museums, and installations. Santa Fe is the capital of the state of #NewMexico and the fourth-most populous city in the state. Tourism is another major element of the Santa Fe #economy, with visitors attracted year-round by renowned five-star resort facilities and numerous outdoor activities. Tom Gilfillan Paul Zakhary #propertydevelopment?#realestate?#cre?#commercialrealestate?#investmentproperty?#multifamilyinvesting?#realestateinvesting?#realestateinvestor?#propertymanagement?#cashflow?#multifamilyrealestate?#investmentproperty?#realtor?#investing?#investment?#investor?#multifamilyhousing?#apartmentinvesting?#multifamilyinvesting?#multifamilyinvestments

JUST LISTED! NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents. VIEW PROPERTY: https://lnkd.in/g4HuAnCa PROPERTY HIGHLIGHTS ?? Address: 4251 E 104th Ave., Thornton, CO 80233 ?? List Price: $1,850,000 ?? Property Size: 6,600 SF ?? Total Units: 4 ?? Property Type: Retail #realestate #denverrealestate #denver #retail #northpeak #northpeakcre #property #listing #thornton

This week's Toronto Star executive interview features Jonathan Gitlin, president and CEO of RioCan Real Estate Investment Trust. Jonathan and I met up at the company's new flagship megastructure, the Well, to talk about his personal career journey, his former boss and mentor, Ed Sonshine, how to save downtown, why he's so bullish on brick and mortar retail, and to debate the definition of the word "mall." https://lnkd.in/gCCpcyw5

?? Investor Alert: Prime Property Near Atlanta’s Beltline! ?? Looking for a smart investment in Atlanta’s hottest growth corridor? Properties like this renovated Craftsman near the Beltline don’t come up often. Why? Because the Beltline is reshaping Atlanta’s landscape, connecting 45 neighborhoods with new parks, trails, and transit options. This loop is creating both lifestyle appeal and rising property values as demand increases each year. ? Why This Location is a Win for Investors: ? Strong Appreciation Potential: Ongoing Beltline expansion and transit improvements are bringing new life (and higher home values) to nearby areas, making now the time to buy. ? Desirable Location: This area attracts renters and buyers looking for easy access to Atlanta’s best dining, breweries, and green spaces—key features that boost rental returns and resale potential. ? Fully Renovated: Move-in ready and minimal maintenance, allowing you to start generating returns right away. Curious about the return on investment? Reach out today to discuss why this could be a standout addition to your portfolio. ?? Contact Jerry Cohen at 678-975-0441. #InvestorOpportunity #BeltlineLiving #AtlantaRealEstate #GrowthPotential #PrimeLocation #MoveInReady #JNLSmartRealty

Holiday Edition: LA Real Estate Weekly Roundup: ?? Federal Realty Investment Trust, a retail-focused REIT, has sold an 8 building portfolio in Santa Monica’s Third Street Promenade to XYZ Rent, a locally based property manager and developer. Sale price was $103 million, or about $557/SF for the 185k SF portfolio. One of the first open air mall concepts, the appeal has waned with many storefronts vacant and unwelcome elements appearing. The Santa Monica community needs to unify to come up with solutions to address the issues. ?? East End Capital has bagged $130 million in construction financing to build ~250k SF studio in the Arts District of DTLA at 2233-2241 Jesse St. Centennial Bank and Monroe Capital, Inc. provided the financing which was sourced by Greg Grant at CBRE. The project called "East End Studios – Mission Campus" is planned for 5 acres and will contain 5 soundstages spanning 100k SF as well as 150k SF of post-production workspaces, offices, talent suites and commissary space.?While another writer's strike looms at the end of July, the most active players continue to act with long term conviction around the industry. ? LA City Officials recommend finishing the LA Convention Center expansion Before 2028 Olympics. Unclear if it can be done at a feasible cost and schedule. The project in projected to cost $1.4 billion. ?? Sam Nazarian’s sbe Lifestyle Hospitality has leased 13k SF at the Reuben Brothers’ Century Plaza development in Century City to open a medical and wellness facility. It consists of ~15% of the ground-floor retail space available at Century Plaza, which also houses the 726-key Fairmont Hotels & Resorts and attached condo tower.?SBE partnered with Fountain Life, a company focused on finding ways to extend lifespans, through medical diagnoses and prevention efforts. Fountain Life will operate the facility. David and Simon Reuben, acquired the project through a?$1 billion?foreclosure last year, about half of what it cost to build the project.?There are 3 hot restaurant concepts set to open later this year. ?? Law firm Hanson Bridgett LLP signed 15k SF Rising Realty Partners' CalEdison DTLA historic building at 601 W 5th St. #cre #officeleasing #financing #capitalmarkets #news #leasing #wellness #retail

Teamwork makes the dreamwork IF the team members complement one another In this case, we created a team that would demolish the '92 Dream Team with Jordan, Pippen, Bird, Ewing, Barkley, and Magic ?? Here's what we did: -bought industrial-flex portfolio in June 2023 (shout out Alan Cafiero) -2 largest tenants totaling 37k SF were expiring Jan 2024 (6 months after closing) and paying a blended $4.75/foot -Painted the exterior of the building from a Big Bird Yellow to a gray tone -Paved sections of the parking lot -Upgraded the landscaping and curb appeal of the industrial park -Replaced entire 37K SF with a single user at a market rate of $7.25/foot NNN prior to initial leases expiring We increased our rent collection for the property by $8k/month ($95k/year) Even more exciting... assuming a 7.5% cap rate, we increased the property's value by $1.26 million. Not to mention our warehouse looks a helluva lot better now... Pumped to see all the progress our team's making ?? Spencer Pascal Roy Pascal Kathy Anderson Daniel Salonis #cre #commercialrealestate #realestate #industrial #warehouse #investing Progress Realty Partners

Shopoff Realty Investments sees opportunity in every sector of CRE, especially industrial. We had the opportunity to share some insight into our past and future industrial projects:?I-10 Logistics Center, and The Block on Elliot. Learn more about Shopoff's industrial ventures in the March issue of Western Real Estate Magazine below ?? : https://lnkd.in/gy3N5K-Q #commercialrealestateinvestments?#commercialrealestate?#industrial *This article is purely informational and past success does not guarantee there will be future success. *The photos are rendering of the block at Elliot, not affiliated with I-10 Logistics Center. *See important disclosures in bio/comment section.

?CLOSED! Our next acquisition is in the books! 12 Units in Kernersville, NC. All 2Bd/1.5Ba. We are super excited with this project, it's going to be an amazing asset to have in our portfolio. ?? ?? PP $1,050,000 7% pref 2.2 EM 5-7 year hold 24 months return of equity ??PLAN : ? Increase current rents as-is (~$691 to $950) since they are extremely below market. ? Modernize apartments with renovations to increase rents further ($950 to $1200) ??? CAPEX $185k : ? Cabinets ? Granite Countertops ? Updated Fixtures ? New Appliances ? LVP Flooring ? Renovate Bathrooms ? Implement Utility Billback – Water/Sewer ? Charge Washer/Dryer Rental Fees This project was a tough acquisition on all fronts, but we persevered and refused to let up. We gained $150k in equity at purchase! Thanks to the amazing project leads on this deal - Cole Farrell Joao Macavilca Nate Pharmer-Eden, MS OLA Looking forward to doing more deals together! ↗? Please reach out if YOU would like to learn about passively investing in real estate. ???? #TalbottInvestments