Home fins are strengthening their presence in the real estate market at a time when profits have plunged to their lowest level in a decade. About 4.9% of all second quarter home sales were home flips, which ATTOM Data Solutions defines as a home or condo that was bought and then resold within 12 months.
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The Oasis Anaheim, a 312-unit apartment complex in Anaheim, was sold for $ 146.5 million to Los Angeles-based Gelt Inc., according to JLL. A joint venture led by Redhill Realty Investors sold the property at 3530 E. La Palma Ave. JLL’s Sean Deasy, Ryan Fitzpatrick and Chelsea Jervis represented both sides of the deal. The
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Hazelview Investments launched Hazelview Ventures, a venture capital fund that will partner with high-tech, construction-tech and clean-tech companies. “The hope is to find the best companies that we can help and that can really help us with our operations,” says Roger Poirier, a chartered financial analyst who co-founded and heads Hazelview Ventures. The fund will
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The Mount Carmel Center, a retail center in Niagara Falls that was acquired by Forest Gate Financial. (Courtesy of Forest Gate) Forest Gate Financial Corp. acquired a shopping center in Niagara Falls as the newly formed investment firm begins to build a portfolio and execute its strategy of acquiring a diverse range of properties. The
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Photo file BEIJING: One of China’s largest real estate developers is struggling to avoid defaulting on billions of dollars in debt, sparking concerns over wider economic fallout and protests from buyers of unfinished apartments. Evergrande Group appears to be unable to repay all of the 572 billion yuan ($ 89 billion) it owes banks and
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The Well’s commercial atrium in Toronto. (Courtesy of CBRE) The street-front retail rental and transaction business in Toronto is in better shape than many people probably think, according to CBRE. Retail leases rose 60% between Q1 and Q2 of 2021, and momentum continued as pent-up demand unleashed. “There have been more rentals in the last
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La Maison Manuvie in Montreal. (Courtesy of LaSalle Canada) The diversity of LaSalle Investment Management Canadais very active LaSalle Canada Real Estate Fund (LCPF) was further illustrated with the acquisition of stakes this week in three major properties of Ivanhoé Cambridge. The three acquisitions included Ivanhoé’s 50% stake in the famous Manulife House to Montreal.
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Panattoni is building this new Amazon distribution center in Parkland County, just outside of Edmonton. (Courtesy of Panattoni Development) Worried that you missed out on something important from the commercial real estate world while you were away? As always, RENX is here to help. We have compiled a list of the most important and most
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1100 Algoma Road in Ottawa is one of four industrial properties purchased in the city by Crestpoint Real Estate Investments. (Courtesy of Crestpoint) Crestpoint Real Estate Investments Ltd.The aggressive approach to industrial acquisitions continued with the recent purchase of a portfolio of four properties in Ottawa from Properties of Huntington for just over $ 50
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Photo file BEIJING: Chinese housing giant Evergrande is one of the country’s largest and most indebted private conglomerates, on the brink of bankruptcy after years of rapid growth and buying frenzy. Paralyzed by debt, the company’s Hong Kong-listed shares slumped this year amid growing fears for its financial health. A possible bankruptcy of the group
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