Occupants of commercial real estate, also referred to as users or occupiers, fall into two categories: tenants or owners. Since both are tenants, I’ll draw a finer distinction, noting that one genre pays rent to an unrelated third party, the landlord, while the other pays rent to a related owner of the building. The most … Read more
Ahh, springtime. Longer days, warmer temps, flowers abloom, the crack of the bat on MLB’s opening day, the NCAA Final Four, and the Masters golf tournament. You may be wondering how I have time to make any deals with all the sports happening this time of year. It’s tough. But in light of the screen … Read more
ORLANDO, Florida, 10 de abril de 2024 /PRNewswire-HISPANIC PR WIRE/ — Demetree Global, una oficina familiar líder en estrategias múltiples con sede en Winter Park, Florida, anunció hoy que Demetree Real Estate ha cerrado con éxito un refinanciamiento de 10 millones de dólares de una cartera de cinco propiedades dentro del mercado de Orlando. El … Read more
In order for a real estate transaction to close — whether it is a lease or a sale — a properly motivated buyer and seller must be present. By this I mean you need an owner ready to make the next deal and an occupant who’s kicked the tires and is prepared to sign. Ideally, … Read more
It is estimated that the U.S. government owns 45,000 underutilized buildings and Representative Adam Schiff, D-Burbank, wants to see this vast resource repurposed to fight the nation’s affordable housing crisis. That is why on Tuesday morning, April 1, he introduced the Government Facilities to Affordable Housing Conversion Act. If passed, the bill would create an … Read more
Fifty years. Has it really been that long since Half Pint, Ma, Pa and Almanzo graced our TV screens? In a word, yes. “Little House on the Prairie,” the iconic 1970s series about a pioneer family struggling to make their way on the prairies of Minnesota, just celebrated its golden anniversary. Little did I know … Read more
By John Gittelsohn | Bloomberg An office tower in downtown Los Angeles is facing foreclosure a year after the owner, an affiliate of Brookfield Asset Management Ltd., walked away from the building. Also see: Southern California’s empty offices surge 67% in pandemic era A notice of trustee’s sale for the Gas Company Tower, located at 555 … Read more
I just got back from an unforgettable getaway in the Florida Keys, and let me tell you, the experience was more than just sun, sand and sea. It got me thinking about the commercial real estate scene down there, and boy, do I have some stories to share. So grab a mojito and join me … Read more
The developer behind Essex Crossing plans to build a nearly half-million square-foot office tower on Trinity Church land at Hudson Square — a sign of confidence in Manhattan’s troubled commercial market. Taconic Partners and its investment partner Nuveen Real Estate unveiled images of One Grand, a tower to rise at the corner of Grand and … Read more
Hello friends! I’m penning this on the balcony of my stateroom on a ship somewhere in the Caribbean. With Nassau in our rearview mirror and steaming toward San Juan, the weather is slightly overcast, mid-70s with a mild breeze blowing. Well, not really, but a man can dream. Today, I go deep on the advice … Read more
