In The Week Of April 22 Top List: Best Home Deals In Milpitas
A house in Milpitas that sold for $600,000, is the most affordable real estate sale in Milpitas in the past week.
Melbourne Commercial Property: Real Estate Sales Including Prince Of Wales Hotel, Tolarno Hotel And Mr Donut Factory
St Kilda’s once-grungy Prince of Wales Hotel is back on the market carrying a discounted price tag of $30 million.
Sterne Kessler Garners “best New Office Space” At Washington Business Journal’s 2024 Best Real Estate Deals Awards
CityBiz shares the news that Sterne Kessler won the “Best New Office Space” award at the 2024 Washington Business Journal Best Real Estate Deals Awards. In its 27th year, the annual program recognizes the Washington area’s most pronounced real estate deals closed in the prior year. The posting features these quotes about the new office from leaders at the firm:
“Prior to the pandemic, we were already planning a move and buildout to create a next-generation office.
Best Home Deals In Palo Alto The Week Of April 22
A house in East Palo Alto that sold for $1.1 million, is the most affordable real estate sale in Palo Alto in the past week.
Tempus Realty Partners Acquires $7.6 Million Industrial Property, Surpassing $1B Invested
LITTLE ROCK, Ark., May 2, 2024 /PRNewswire/ -- Tempus Realty Partners, an Arkansas-based real estate investment partnership, is thrilled to announce the acquisition of an industrial property valued at $7.6 million. The strategic purchase marks a significant milestone for Tempus, as the company's total investments now exceed $1 billion. ...Full story available on Benzinga.com.
What Are The Commercial Real Estate Trends In 2024 So Far?
Alicia Renshaw, senior associate in Leonard Curtis Legal’s real estate division The commercial real estate landscape in the UK is ever-evolving, shaped by economic shifts, technological advancements, and changing societal preferences. After the first four months of 2024, we’re beginning to get a clearer picture of what the rest of the year might have in […]
The post What are the commercial real estate trends in 2024 so far? appeared first on PropertyWire.
Deka Immobilien And Canderel Sign A Real Estate Asset And Property Management Partnership For 401 West Georgia, Vancouver Bc
VANCOUVER, BC , May 1, 2024 /CNW/ - Deka Immobilien Investment GmbH and Canderel announce today the signing of an agreement in the real estate investment sector. This agreement confirms that Canderel has been selected as Deka's strategic partner and will be responsible for the operational management (operations and leasing) and maintenance of Deka's recently acquired assets 401 West Georgia and 402 Dunsmuir in Vancouver (401 W Georgia). The agreement specifically covers the operations of 401 W Georgia, a 416,000 SF Class A and AAA office complex in Vancouver, BC. "We are delighted ...Full story available on Benzinga.com.
Century 21 Edge Launches Dedicated Commercial Real Estate & Development Services Division, Appoints Chad Creech President
ORLANDO, Fla., May 1, 2024 /PRNewswire/ -- CENTURY 21 Edge announces the significant expansion of its service offerings through the creation of a dedicated Commercial and Development Services Division, appointing Chad Creech as President. This initiative responds to the growing demand for specialized commercial real estate services and demonstrates the firm's commitment to industry leadership and client success. Chad Creech, a seasoned professional with over 25 years of experience in the commercial real estate sector, has a well-documented history of overseeing large-scale transactions.
Morguard Real Estate Investment Trust Announces 2024 First Quarter Results
MISSISSAUGA, ON, May 1, 2024 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX:MRT) today is pleased to announce its 2024 First Quarter Results. In thousands of dollars, except per-unit amounts
Three Months Ended March 31,
2024
2023
Revenue from real estate properties
$64,398
$64,816
Net operating income
30,905
31,546
Fair value losses on real estate properties
(50,223)
(21,541)
Net loss
(36,775)
(5,157)
Funds from operations 1
13,419
16,278
Adjusted funds from operations 1,2
7,409
10,300
Amounts presented on a per unit basis
Net loss – basic
($0.57)
($0.08)
Net loss – diluted
($0.57)
($0.08)
Funds from operations – basic 1
$0.21
$0.25
Funds from operations – diluted 1
$0.18
$0.22
Adjusted funds from operations – basic 1,2
$0.12
$0.16
Adjusted funds from operations – diluted 1,2
$0.11
$0.15
1.
Chinese Billionaire On A $250M Luxury Real Estate Buying Spree
When you envision billionaires living extravagant lives, a man from China who got rich by selling medical devices is probably not the first thing that comes to mind. But Xu Hang, co-founder of Chinese medical device manufacturer Mindray Medical, is on a real estate buying spree that would make a Saudi oil magnate blush. In the last few years, buyers connected to Xu have bought $250 million worth of luxury estates around the world.