Real estate news – Talktalk China http://talktalkchina.com/ Fri, 30 Sep 2022 15:42:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://talktalkchina.com/wp-content/uploads/2021/10/icon-2-120x120.png Real estate news – Talktalk China http://talktalkchina.com/ 32 32 Receiver selling London Applewood development. project, land | RENX https://talktalkchina.com/receiver-selling-london-applewood-development-project-land-renx/ Fri, 30 Sep 2022 15:42:52 +0000 https://talktalkchina.com/receiver-selling-london-applewood-development-project-land-renx/ Images of Phase 1 at Applewood Marketplace in London, Ontario, which is in receivership and sold by court-appointed receiver EY. (Courtesy of EY) Two adjacent development sites in London, Ontario, where Phase 1 of the 584-unit Applewood residential and commercial market is nearing completion, have been put up for sale by a court-appointed receiver. EY […]]]>

Images of Phase 1 at Applewood Marketplace in London, Ontario, which is in receivership and sold by court-appointed receiver EY. (Courtesy of EY)

Two adjacent development sites in London, Ontario, where Phase 1 of the 584-unit Applewood residential and commercial market is nearing completion, have been put up for sale by a court-appointed receiver.

EY is managing the sale, having been appointed receiver over all assets, businesses and properties of Applewood Marketplace Inc.

Construction of the first phase of the North London development was around 75% complete, but had suffered a series of delays which increased its costs and eventually put the project into receivership.

Applewood Marketplace consists of a five-story building with 107 rental apartments, nine rental townhouses and 15,000 square feet of ground floor retail space on 2.5 acres at 865 Kleinburg Dr.

However, work on the site had stopped on June 1, according to documents filed in the proceedings.

The financier requested repayment of the debt

MarshallZehr Group Inc., the Waterloo, Ontario-based mortgage brokerage and administration company that financed the construction, was seeking repayment of $60.07 million (as of September 15) plus interest charges of nearly $40,000 a day and administrative costs of $20,000 a month, the documents say.

The lender had not received any money from Applewood Marketplace Inc. since April.

There were also 26 claimants with 30 construction liens totaling $8.25 million against the first phase of the development as of September 6.

Active construction had yet to begin on Applewood’s proposed second phase on an adjoining 12.5 acres of vacant former farmland. This site has been maintained to prepare it for development.

It is zoned for medium to high density commercial and residential development to accommodate the construction of approximately 468 residential units and 36,970 square feet of commercial space.

There were eight plaintiffs with 28 construction liens totaling $3.17 million against Applewood’s second phase as of September 6.

Applewood Receivership Process

The Phase 1 and Phase 2 properties are being sold by EY in two parcels.

The deadline for submitting an asset purchase agreement is 4 p.m. EST on November 8.

Any party wishing to undertake due diligence should sign a non-disclosure agreement and should contact James Rosenthal, Broker and Vice President, Strategy and Transactions, EY Real Estate for Ontario.

Contacted by RENX, Rosenthal said EY was unable to comment on ownership or process.

If there are multiple bidders for both properties and the receiver determines that an auction is necessary, it will be held on November 17.

London-based Extra Realty Ltd. owned the large plot of land in the northeast of London’s Masonville area and sold part of it to Applewood Marketplace Inc. for its two-phase development in 2019.

MarshallZehr began financing the construction of the project in 2020.

Extra Realty still owns over 130 acres of land for future phases of residential, commercial and retail development. These assets are separate from those held in escrow and sold by EY.

Rising construction costs, municipal charges and interest rates, combined with labor shortages and supply chain issues that have caused delays, have hurt several developers this year.

Although the Applewood development is probably the largest such receivership proceeding at present, it is possible that similar sales could come to light.

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Nuveen JV Preserves Affordability in DC – Multifamily Real Estate News https://talktalkchina.com/nuveen-jv-preserves-affordability-in-dc-multifamily-real-estate-news/ Wed, 28 Sep 2022 14:51:08 +0000 https://talktalkchina.com/nuveen-jv-preserves-affordability-in-dc-multifamily-real-estate-news/ Carver Terrace. Image courtesy of Jair Lynch Real Estate Partners Owner and Developer Jair Lynch Real Estate Partners has partnered with Nuveen Real Estate to acquire Carver Terrace in northeast Washington, DC, preserving 312 affordable housing units. Located just outside the rapidly gentrifying H Street corridor, Carver Terrace was nearing the end of its long-term […]]]>
Carver Terrace. Image courtesy of Jair Lynch Real Estate Partners

Owner and Developer Jair Lynch Real Estate Partners has partnered with Nuveen Real Estate to acquire Carver Terrace in northeast Washington, DC, preserving 312 affordable housing units. Located just outside the rapidly gentrifying H Street corridor, Carver Terrace was nearing the end of its long-term compliance period for the low-income housing tax credit. The acquisition means that 100% of the units will be reserved for tenants earning no more than 60% of the region’s median income.

Located at 2026 Maryland Ave. NE, Carver Terrace is a three-story property built in 1946. It offers one- to three-bedroom apartments averaging 597 to 896 square feet. Apartment features include dishwashers, grinders, microwaves, air conditioning, and high-speed internet access. A fitness center is part of the amenities.

Funding assistance

“The current financing and construction climate is a challenge for the industry in general,” said Phuc D. Tran, vice president of asset management for Jair Lynch. Multi-Accommodation News. “However, in this case, we were able to tap Amazon to help finance the acquisition and serve as gap financing when we finalize LIHTC’s re-syndication plans. We have a long history of working with tenant associations on TOPA offers – Opportunity to help tenants with the purchase.

“So while navigating TOPA was a challenge, it was not a challenge unique to us. We were able to draw on our past experiences with tenant associations as well as our vision for the property which includes improvements fixed assets and no tenant displacement.

big risk

The H Street Corridor has seen the construction of new large-scale residential, office and retail developments over the past decade. Nearby Carver Terrace is likely to be redeveloped into market priced accommodation. By acquiring Carver Terrace, Jair Lynch and Nuveen, in partnership with Amazon Housing Equity Fund and Housing Up, are preserving the affordability of property for nearly another century. In short, families who have lived in the enclave for more than 20 years will be able to stay there. Berkadia served as the seller’s broker and Klein Hornig as transaction advisor for the buyers. Four months ago, Nuveen Real Estate made headlines for the launch of a global impact investing initiative.

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Mill Creek Opens New York Luxury Community – Multifamily Real Estate News https://talktalkchina.com/mill-creek-opens-new-york-luxury-community-multifamily-real-estate-news/ Fri, 23 Sep 2022 17:43:07 +0000 https://talktalkchina.com/mill-creek-opens-new-york-luxury-community-multifamily-real-estate-news/ Rendered Modera New Rochelle. Image courtesy of Mill Creek Residential Mill Creek Residential opened Modera New Rochelle, a 334-unit luxury community located 20 miles northeast of Manhattan, NY According to Yardi Matrix data, Modera New Rochelle began pre-leasing in January of this year. A total of 136 apartments, or 41%, were pre-let in August. Located […]]]>
Rendered Modera New Rochelle. Image courtesy of Mill Creek Residential

Mill Creek Residential opened Modera New Rochelle, a 334-unit luxury community located 20 miles northeast of Manhattan, NY According to Yardi Matrix data, Modera New Rochelle began pre-leasing in January of this year. A total of 136 apartments, or 41%, were pre-let in August.

Located at 111 Center Ave., Modera New Rochelle is a 30-minute train ride from New York City. Residents will be near Main Street in downtown New Rochelle. New Rochelle’s population, over 80,000 in July, increased by 2% from April 2020 to April 2021, according to the United States Census Bureau.


READ ALSO: Manhattan Multifamily Report – August 2022


The property was built to national NAHB green building standards and offers studio, one-, and two-bedroom homes. Units feature 10 foot ceilings, washers and dryers, and programmable thermostats. Community amenities include a rooftop lounge with views of the Long Island Sound and New York skyline, swimming pool, dog park and pet spa, outdoor theater, and fitness center .

An art alley with public art murals on the ground floor of the asset accompanies Cafetero, a cafe.

Officials present at the dedication included New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome II, Deputy City Manager and company attorney Kathleen Gill, as well as City Council members and several commissioners.

Mill Creek recently acquired a 312-unit garden-style apartment in Raleigh, North Carolina. The company has also been active in the Houston community, moving residents into its Modera Six Pines.

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Azora expands its Sun Belt portfolio – Multifamily Real Estate News https://talktalkchina.com/azora-expands-its-sun-belt-portfolio-multifamily-real-estate-news/ Wed, 21 Sep 2022 19:54:33 +0000 https://talktalkchina.com/azora-expands-its-sun-belt-portfolio-multifamily-real-estate-news/ The Edge at Lees Chapel Based in Spain Azora Real Estate acquired two Sun Belt communities on behalf of its multi-family fund ONE Azora Exan I. The purchase of The Edge at Lees Chapel in Greensboro, North Carolina, and Midwood at Riverside in Austell, Georgia, has raised current investments of the company in the residential […]]]>
The Edge at Lees Chapel

Based in Spain Azora Real Estate acquired two Sun Belt communities on behalf of its multi-family fund ONE Azora Exan I. The purchase of The Edge at Lees Chapel in Greensboro, North Carolina, and Midwood at Riverside in Austell, Georgia, has raised current investments of the company in the residential sector at $140 million.

The residential fund’s first acquisition in May was the purchase of The Fredd, a 278-unit community in San Antonio. The company’s current US multifamily portfolio includes 800 rental units.

According to Guilford County records, Azora paid $36.6 million for The Edge at Lees Chapel, with the help of a $25 million loan from Capital one. The 299-unit asset last changed hands in 2021, when the current seller, LYFE property groupacquired it for $11.5 million, according to Yardi Matrix data.

Midwood at Riverside is a 232-unit community in Austell, Georgia. The ownership was last traded in 2021, when Capital of Zevulon bought for $20.6 million, the same data provider says.

Azora entered the US market in October 2021, alongside Capital Exan and launched its multi-family fund in 2022. Javier Rodriguez-Heredia, managing partner at Azora, commented in prepared remarks that the firm aims to replicate the investment strategy used for its Spanish portfolio.

Azora’s Newest Sun Belt Properties

The Edge at Lees Chapel was completed in 1984 and features a mix of studio, one-, and two-bedroom apartments, averaging 729 square feet. The 13 two- and three-story buildings span 23.7 acres. Common facilities include a swimming pool, fitness center, clubhouse, playground and basketball court, business center, and 13 laundry facilities.

Midwood to Riverside

Located at 3822 Mizell Road, the property is 5 miles from downtown Greensboro. The community has access to several medical offices in the area and a few parks. North Carolina Agricultural and Technical State University is 4.6 miles away.

Completed in 1975, Midwood at Riverside spans 18.4 acres and includes 21 buildings. The community offers two- and three-bedroom apartments, averaging 1,153 square feet. Communal facilities include a swimming pool, tennis court, playground and laundry facilities.

Located at 7440 Riverside Parkway, the property is 11 miles from downtown Atlanta and has access to Interstate 20. Several entertainment and amusement parks are located nearby, while restaurants and shopping is available along Riverside Parkway.

Atlanta is showing strong market fundamentals as the state recovers from the pandemic and jobs are added across multiple industries. Subway multifamily sales volume in the first half of the year reached $5.5 billion, a 10% increase over the same period last year.

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GPI Cos. Launches Luxury Los Angeles Community – Multifamily Real Estate News https://talktalkchina.com/gpi-cos-launches-luxury-los-angeles-community-multifamily-real-estate-news/ Tue, 20 Sep 2022 08:53:04 +0000 https://talktalkchina.com/gpi-cos-launches-luxury-los-angeles-community-multifamily-real-estate-news/ Cos GPI. began renting at Nine Thousand One, a luxury mixed-use development comprising 46 apartments in the West Hollywood neighborhood of Los Angeles. Douglas Elliman Realty Josh Flagg will be the lead residential rental agent for the boutique property. Steinberg-Hart in collaboration with Studio WORKPLAYS are the architects of the project, with Colacion Studios in […]]]>

Cos GPI. began renting at Nine Thousand One, a luxury mixed-use development comprising 46 apartments in the West Hollywood neighborhood of Los Angeles. Douglas Elliman Realty Josh Flagg will be the lead residential rental agent for the boutique property.

Steinberg-Hart in collaboration with Studio WORKPLAYS are the architects of the project, with Colacion Studios in charge of interior design. All property management tasks will be handled by Greystar Property Management.

Nine Thousand One offers a mix of one- and two-bedroom floor plans, as well as two-story townhouses, all offering between 1,100 and 2,200 square feet, plus private terraces. The five-story property will feature 10,000 square feet of retail space, including 6,000 square feet of restaurant space. The Uchi restaurant and Pilates Solidcore studio will be located on the ground floor of the building.

Communal facilities include a fitness center, swimming pool, park, clubhouse, business center, private lobby with 24/7 concierge service, and two-level underground parking . The community will offer in-unit cleaning, dry cleaning with pickup and delivery, and on-demand car wash, among others.

Los Angeles’ strong multi-family pipeline

Located at 9001 Santa Monica Blvd., the community is near the Beverly Hills Design District, providing access to several Beverly Hills shopping malls, nightlife spots, restaurants, parks and galleries. Bordered by Melrose Triangle and Robertson Lane, Nine Thousand One is located minutes from Rodeo Drive, the shopping districts of Sunset Strip and Beverly Boulevard, Cedars-Sinai Hospital and the Pacific Design Center.

Multifamily construction activity continues to increase in Los Angeles, with 12,420 units completed in 2021, marking a new decade. As of April, Los Angeles had 30,079 units underway, with an additional 150,000 apartments in the planning and permitting phase.

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Wood Partners Inaugurates Portland Community – Multifamily Real Estate News https://talktalkchina.com/wood-partners-inaugurates-portland-community-multifamily-real-estate-news/ Fri, 16 Sep 2022 12:59:03 +0000 https://talktalkchina.com/wood-partners-inaugurates-portland-community-multifamily-real-estate-news/ Upper Amberlen. Image courtesy of Wood Partners Wood Partners opened its luxury community in Hillsboro, Oregon, west of Portland. The asset, Alta Amberlen, will include 326 apartments. Construction is expected to be completed in 2024. Alta Amberglen will have one, two and three bedroom units as well as townhouses. The apartments will include integrated washer […]]]>
Upper Amberlen. Image courtesy of Wood Partners

Wood Partners opened its luxury community in Hillsboro, Oregon, west of Portland. The asset, Alta Amberlen, will include 326 apartments. Construction is expected to be completed in 2024.

Alta Amberglen will have one, two and three bedroom units as well as townhouses. The apartments will include integrated washer and dryer combinations and wide plank flooring.

“We are thrilled to announce the grand opening of Alta Amberglen which brings a diversity of housing unit types to the rapidly growing Hillsboro submarket, including a variety of townhouse-style rental units that feature two- and three-bedroom layouts plus a den and attached private garages,” said Michael Nagy, Managing Director of Wood Partners. Multi-Accommodation News.

Located at the intersection of Northeast Eckert Drive and Walker Road, the property is one mile from Tanasbourne’s shopping areas with stores such as Whole Foods, Target and REI. Downtown Portland, where employers such as Microsoft, Nike, Oracle and Intel have offices, can be reached via a public transit connection to the TriMet Lightrail System or a 20-minute drive.

The property is on an 18 acre site with 10 acres of woodland and a natural stream. Community amenities will include a pocket park, fitness center, yoga studio, podcast studio, coworking spaces and game room with golf simulator.

The pre-letting is expected to start at the end of 2023, managed by Residential Wood.

The expanding portfolio of Wood Partners

While Alta Amberglen is under construction, Wood Partners plans to start building some 1,100 apartments this year. The company has begun construction on Alta Riverside, a community in Irving, Texas, slated to open in July 2023. It has also expanded its Texas portfolio by innovating in Conroe on a 354-unit property.

Elsewhere in the country, Wood Partners opened its third Phoenix community, the Alta Warehouse District.

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The Biggest Real Estate News – The Week Ending September 18 https://talktalkchina.com/the-biggest-real-estate-news-the-week-ending-september-18/ Thu, 15 Sep 2022 19:00:51 +0000 https://talktalkchina.com/the-biggest-real-estate-news-the-week-ending-september-18/ The Biggest Real Estate News – The Week Ending September 18 Eviction threats, a tight talent market and an October market forecast: here are the biggest housing and real estate stories from the past week. Welcome to REB’s weekly roundup of headlines and news that are important not just to the property industry, but to […]]]>

The Biggest Real Estate News – The Week Ending September 18

Eviction threats, a tight talent market and an October market forecast: here are the biggest housing and real estate stories from the past week.

Welcome to REB’s weekly roundup of headlines and news that are important not just to the property industry, but to the state of property in Australia more broadly.

To compile this list, we not only consider the most read stories of the week and the news you care about, but we organize it to include stories from our sister brands who are also impacting the Australian property landscape. Here are the biggest real estate stories of the week:

1. COVID-19 deportation threats throw Melbourne agency in hot water

The West Melbourne firm was fined for behavior that “had the potential to bring the industry into disrepute” among multiple breaches of rules of professional conduct for estate agents.

  1. Government push for incentive downsizing gets green light from state body

Queensland’s leading property body has welcomed the introduction of potential new legislation which it says will make downsizing easier for Australian pensioners and therefore ease the housing shortage.

  1. NSW home values ​​fell $500 a day in June quarter: ABS

The total value of residential dwellings in Australia fell by $162.4 billion to $9.98 trillion this quarter.

  1. Banks beat brokers on execution times: Report

EXCLUSIVE: A report found that bank customers are more satisfied with turnaround times than those who got a home loan through a mortgage broker.

  1. ABC calls for 25bp interest rate hike in October

There is support for a 25 basis point ‘business as usual’ cash rate hike in October after Reserve Bank of Australia Governor Philip Lowe’s ‘inflation’ speech , at the Anika Foundation event Thursday, Sept. 8, according to the ABC.

  1. Why casual staff meetings won’t cut it in a tight talent market

While real estate companies are very good at managing their engagement with the market, they are not necessarily as good at engaging and communicating with staff in the same way.

  1. Aussie Home Loans in potential class action lawsuit

The big brokerage is embroiled in a new class action investigation by Shine Lawyers.

  1. Can real estate lead the rebellion against homelessness?

Julie Collins, Minister for Housing and Minister for Homelessness, recently called Australia’s homelessness crisis “unacceptable”.

The Biggest Real Estate News – The Week Ending September 18

lawyers weekly logo

Last update: September 15, 2022

Posted: September 16, 2022

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American Real Estate Partners Plans Virginia Apartment Conversion – Multifamily Real Estate News https://talktalkchina.com/american-real-estate-partners-plans-virginia-apartment-conversion-multifamily-real-estate-news/ Tue, 13 Sep 2022 13:33:03 +0000 https://talktalkchina.com/american-real-estate-partners-plans-virginia-apartment-conversion-multifamily-real-estate-news/ 1101 King St. Image courtesy of American Real Estate Partners A seven-story, 200,000 square foot office condominium at 1101 King St. in Alexandria, Virginia was acquired by American real estate partners and will be redeveloped into a mixed-use building with approximately 200 apartments and 17,500 square feet of retail space. This investment was the fifth […]]]>
1101 King St. Image courtesy of American Real Estate Partners

A seven-story, 200,000 square foot office condominium at 1101 King St. in Alexandria, Virginia was acquired by American real estate partners and will be redeveloped into a mixed-use building with approximately 200 apartments and 17,500 square feet of retail space.

This investment was the fifth made through AREP’s Strategic Opportunity Fund III, which is now 60% deployed. In June, AREP announced the closing of the fund with $63 million in equity commitments, expanding the diversity of public and private institutional investors and family offices. Fund III co-investment capital aims to invest in $1.5 billion to $2 billion in asset value, using moderate leverage.

The acquisition included the simultaneous purchase of all condominium units in the office building from seven owners. The total purchase price and estimated cost of the redevelopment were not disclosed.

cooper carry lead the design team for the residential hospitality redevelopment and design project RD Jones will take care of the interiors. Construction is expected to begin in July 2023. An estimated completion date has not been announced. AREP will maintain commercial leases for the ground floors, including OrangeTheory Fitness and Paris Baguette, throughout the construction process.

Doug Fleit, co-founder and CEO of AREP, said in a prepared statement that the asset, located in the heart of Old Town Alexandria and the bustling King Street retail and restaurant corridor, is a example of AREP’s strategy of seeking special properties in dynamic neighborhoods. and emerging locations that can be repurposed for residential use.

Brian Katz, co-founder and president of AREP, said in prepared remarks that the office-to-multifamily conversion acquisition is one of the company’s key investment strategies and builds the company’s capacity identify strong investments in diversified product types and markets to create value.

Commercial conversions to residences are a growing trend across the country. More than 20,000 units in older buildings that previously served other purposes were completed last year. It nearly doubles the number of conversions made in 2019 and 2020 combined, according to RentCafe. In one of the most recent examples, the Vanbarton Group secured $272.5 million in construction financing for the company to convert 160 Water St., a 24-story office building in Manhattan’s Financial District. into a 30-story residential building with 588 units at market rate.

Property Details

The King Street office building was built in 1985 and renovated in 2017. Fleit noted that the asset rises four stories above surrounding buildings with city views. He said the balconies on each level are more like terraces, with many 10 to 20 feet deep. Once the redevelopment is complete, the property will have a club room, fitness center, rooftop social terrace with Old Town views, and concierge services. With the post-Covid shift to flexible working hours, AREP will include shared hybrid workspaces in the building. The redesigned 1101 King St. will feature larger than average units that allow for indoor and outdoor living, incorporating terraces and home-working spaces.

Access to waterfront park shows and activities is a short walk from the property. The old town has more than 200 shops and restaurants as well as museums. The King Street subway station is a 10-minute walk from the building and three stops from Amazon HQ2 at National Landing in Arlington. Alexandria is approximately 8 miles south of Washington, D.C. Residents of 1101 King St. will also have easy access to Interstates 495 and 395, and Routes 7 and 1. Reagan National Airport is 5 miles by car or a few minutes by metro.

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Real estate news from 09.10.2022 | Special advertisement https://talktalkchina.com/real-estate-news-from-09-10-2022-special-advertisement/ Sat, 10 Sep 2022 14:23:00 +0000 https://talktalkchina.com/real-estate-news-from-09-10-2022-special-advertisement/ Ulf Hartwig’s team joins Carolina One on Folly Beach The Ulf Hartwig team recently partnered with Carolina One Real Estate in Folly Beach, SC. Ulf and Neily Hartwig bring with them nearly three decades of experience in real estate, home building, vacation rentals and property management. Carolina One’s Folly Beach office is located at 38 […]]]>

Ulf Hartwig’s team joins Carolina One on Folly Beach

The Ulf Hartwig team recently partnered with Carolina One Real Estate in Folly Beach, SC. Ulf and Neily Hartwig bring with them nearly three decades of experience in real estate, home building, vacation rentals and property management. Carolina One’s Folly Beach office is located at 38 Center Street and is managed by Jackie Tucker, BIC, and focuses on both residential real estate and vacation rentals.






Hartwig




Ulf Hartwig was born in Wiesbaden, Germany, and became an All-American tennis player at Ohio State University, where he graduated Cum Laude with a business degree. Ulf Hartwig spent eleven years building new homes in Columbus, OH before moving to Charleston in 2000 where he began a twenty-two year career in real estate culminating in sales of over $24 million in 2021 on Folly Beach. A Realtor® of Distinction for eleven consecutive years, Ulf is in the Top 1% of all Lowcountry Realtors®.







N.Hartwig

N.Hartwig




Margaret “Neily” Hartwig grew up in Rome, Georgia and moved to Charleston in 1993 where she later earned a degree in history from the College of Charleston. After graduating, Neily moved to Santa Fe, NM to begin her real estate career in property management with Kokopelli Management. Neily’s love for Charleston prompted her to return to the Lowcountry in 1999 where she began a career in the vacation rental industry that eventually led her to the position of Director of Property Management. With a combination of real estate and vacation rental experience, Neily Hartwig knows homes, locations, and their proximity to the things her potential buyers care about.

Ulf and Neily Hartwig married in 2004 and together they form a well-established, knowledgeable and professional real estate team. The Hartwigs have two teenage sons, Max and Werner (Buzz). Max is a senior at Christ School in Arden, North Carolina, and Buzz is a sophomore at James Island Charter High School. Together the family enjoys travelling, hiking in the southern Appalachians, kayaking and walking with Allie, their Pet Helpers rescuer. Congratulate Ulf and Neily by calling Ulf at (843) 442-2459 or emailing Neily at neily.hartwig@carolinaone.com.

Realty One Coastal Group welcomes three new agents

Elise Watt – 803-210-9442 – elisemwatt@gmail.com







Watt

Watt




Elise Watt is a real estate agent who believes in the power of investing in real estate. She began her journey by buying an off-market rental property next to her father’s, and now dreams of helping others build better futures through real estate. When Elise isn’t helping her clients invest in long-term transactions, she enjoys exploring Charleston restaurants, golfing and spending time with her dog, Leo.

Marielyn Oliver – 304-886-7644 – realtormarioliver@gmail.com







Olivier

Olivier




I am Venezuelan by birth and American by choice. I don’t know if it was the Wild and Wonderful of West Virginia that was my first home in this country, or the hospitality of South Carolina that made me fall in love with the United States, but I’m I’m sure I’m grateful for all of that. Charleston has captivated me ever since I moved here. No matter how many places I visit, there is always something new to see or do here. Currently, my husband and I enjoy traveling, exploring new places, trying new restaurants or grilling, and certainly spending time with our two German Shorthaired Pointers. And of course, we certainly love our sweet tea sipping on our back porch. I love helping people, and what a great opportunity I have now where I can help so many people. Either by finding the place they will call home, or by selling the one they currently have and immersing themselves in a new experience by finding another that matches their current desires. The sky is the limit, so let’s explore together.

Cathy Marshall – 843-609-5788 – cathymrogcoastal@gmail.com







marshal

marshal




Catherine Marshall is a Broker, Realtor in South Carolina serving the tri-county area of ​​Dorchester County, Berkeley County and Charleston County. With over 20 years of successful experience in her field helping people buy and sell real estate, Catherine has earned several specialist designations. She is a Certified Residential Specialist (CRS), Senior Real Estate Specialist (SRES) and Seller’s Representative Specialist (SRS). His real estate experience includes serving buyers and sellers on Long Island, as well as coastal South Carolina. She is an expert in helping people find their dream home. Catherine clearly feels that her main objective is outstanding service for her clients. If you are moving to the Charleston Tri-county area, selling or buying your home, please call Catherine at 843-609-5788.

Grall, Lightfoot and Hoffman now serve clients through AgentOwned Realty’s North Region offices

Marianna Grall and Pam Lightfoot placed their licenses with AgentOwned Realty’s Moncks Corner office located at 219A North Highway 52.







Marianna Grall

Grall




A member of AgentOwned’s top-producing Unlocking Dreams team, Grall recently moved with her husband from Washington State to South Carolina, via the United States Navy. Since moving here, she has fallen in love with the Charleston area and is enthusiastic about Southern cuisine, warm weather and her new career in real estate. Outside of work, she practices Jiu Jitsu and Olympic weightlifting.

Contact:

Marianna Grall

573-318-8350

Get the best real estate news from La Poste and the Courier, handpicked and delivered to your inbox every Saturday.

mariannagrallhomes@gmail.com

https://unlockingdreamsteam.agentowned.com

Agent with the Unlocking Dreams team

License ID: 130024

Originally from Maitland, Central Florida, Lightfoot called South Carolina home 27 years ago. She has lived in Lexington, Bonneau and now Moncks Corner. Licensed agent in the Lowcountry since 2005, she likes to listen to her clients in order to help them find homes that truly meet their needs. When she’s not working, Lightfoot likes to spoil her two cats.

Contact:







light foot

light foot




Pam Lightfoot

843-906-2643

pam.lightfoot@agentownedrealty.com

https://pamlightfoot.agentowned.com/

License ID: 51694

Kevin Hoffman has returned to AgentOwned Realty’s Summerville office located at 141-A North Main Street. A member of the award-winning Jim Mills Group, Kevin is a consistently productive agent who has won numerous sales and customer satisfaction accolades over his 30-year career. He attributes his success to his ability to connect with his customers and understand their needs, as well as his commitment to exceeding customer expectations. A resident of South Carolina for more than 50 years, Kevin holds a degree in public relations from the University of South Carolina and a US Coast Guard boat captain’s license.







Hoffman

Hoffman




Contact:

Kevin Hoffman

843-697-3501

kevin.hoffman@agentownedrealty.com

https://www.jimmillsgroup.net/

Agent with the Jim Mills Group

License number: 13969

About AgentOwned Realty:

Liz and Boyd Loadholt started AgentOwned Realty in 1992. Serving all of the Lowcountry and other parts of South Carolina, AgentOwned Realty is 100% owned by its business associates. The company strives to streamline the real estate transaction process by bringing together under one roof all the services the public needs to complete the purchase of a home. This combined approach leads to high levels of customer satisfaction and better value for customers. Plus, when choosing AgentOwned Realty, clients have the confidence of working with agent-owners who are personally invested in the business.

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CRE Summer 2022 Review: Top RENX Stories | RENX https://talktalkchina.com/cre-summer-2022-review-top-renx-stories-renx/ Tue, 06 Sep 2022 14:56:43 +0000 https://talktalkchina.com/cre-summer-2022-review-top-renx-stories-renx/ An artist’s conception of the potential future development on the former Stelco lands in Hamilton, which have been acquired by Slate Asset Management. (Courtesy of Slate) The passing of Labor Day for many means the end of summer and it’s time to get back to the office full-time – wherever the “office” is right now. […]]]>

An artist’s conception of the potential future development on the former Stelco lands in Hamilton, which have been acquired by Slate Asset Management. (Courtesy of Slate)

The passing of Labor Day for many means the end of summer and it’s time to get back to the office full-time – wherever the “office” is right now.

For those who have been absent and want a quick and easy “catch up” on some of the most important news of the summer, we’ve compiled our annual list of RENX’s most important articles from the past few months.

This summer didn’t produce the number of huge deals we’ve seen in recent years, but there were several major development announcements, deals, and other big headlines.

They are included here, along with a selection of our most read columns submitted by RENX contributors, all experts in their sectors of the commercial real estate industry.

Slate plans up to 12 million square feet of industrial space on Stelco’s land in Hamilton

Slate Asset Management has completed its $518 million acquisition of 800 acres of industrial development land and buildings from Stelco Inc., where it plans to develop up to 12 million square feet of new industrial properties.

London’s iconic Cherryhill Village sells for record $571 million

One of Canada’s most iconic communities, Cherryhill Village in London, Ontario, has been sold in a record $571 million deal. Minto, KingSett Capital and a private partner sold the community, which includes 12 concrete apartment towers with 2,114 apartments, a shopping center and offices, to Park Property Management of Toronto.

Solmar sells GTA industrial land to Prologis in $500m deal

Solmar Development Corp. sold Solmar Development Corp. for nearly $500 million. to Prologis a 198-acre parcel of industrial development land in a premier logistics hub in the town of Caledon, Greater Toronto Area.

Grosvenor buys 14-acre Oakridge development site in Vancouver

Grosvenor has acquired the 14-acre former Oakridge Transit Center (OTC) in Vancouver, where it will become lead developer for a major mixed-use project designed to deliver 17 buildings and 1,630 new residential units. MOMC (Modern Green Canada), which acquired the site in 2016 and guided it through the approval process, remains a funding partner.

Panattoni and Manulife buy 122 acres of industrial development land in Calgary

Panattoni hasn’t built any new assets in the Calgary market for a few years, but that’s about to change. The company has purchased 122 acres in the southeast part of the city, in partnership with Manulife Investment Management, with the potential to build up to 2.3 million square feet of industrial real estate.

Wages rise rapidly as CRE firms jostle for top talent: Hays

There has been a sharp increase in salaries for employees of all real estate categories in the Greater Toronto Area as companies struggle to find top talent: “Overall this year, we’ve seen drastic changes,” said Dan McLeod, director of real estate recruitment at Hays in Toronto.

DSquare signs the largest industrial lease of 2022 in Quebec

Transport DSquare signed what should be the largest industrial lease of the year in Quebec, obtaining the entirety of an 822,000 square foot building located at 4505 Hickmore Street in the Montreal suburb of Saint-Laurent.

Note of caution as Vancouver industry sets new records

Metro Vancouver’s industrial market continues to set records as the most expensive in Canada, with six consecutive quarters of the most limited supply in the country. The ultra-tight market meant a vacancy rate of 0.5% and a record industrial rental rate of $18.09 per square foot in the first quarter of 2022, according to Avison Young Spring 2022 Industry Snapshot Report.

Lululemon leases nine floors at Burrard Place in Vancouver

Reliance Properties has signed retailer Lululemon as the anchor tenant of its new Burrard Place office tower in what the company calls “the largest commercial lease deal in downtown Vancouver since the start of the global pandemic.” Lululemon has committed to nine of the tower’s 10 floors, or approximately 120,000 square feet of space.

Equiton acquires an apartment building in Brampton for $63 million

Equiton Residential Income Fund Trust has acquired a well-located multi-residential property — known as Braemar Place — in Brampton, Ont., for $63.25 million. The 15-story building at 78 Braemar Dr. across from downtown Bramalea contains 153 units.

A Canadian Story: Immigrate, Find Investors, Buy a $4.9M Apartment Building

And finally, a quintessentially Canadian story. Adeola Olademeji came to Canada in 2019 from Nigeria with a background in real estate and investing, and three years later his Ascendi Capital Corp. acquired its first major property, a 44-unit building in Edmonton.

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Some of our most read summer columns:

Inflation pushes housing providers to the brink

In recent months, we have paid more attention to fluctuations in interest rates and bond yields than at any time in recent history. We’ve seen the stock market slide mostly into the red as interest rates have risen faster than we’ve seen in decades. The impact on landlords and building owners has been significant. An invited submission by Mark Goodman and Cynthia Jagger.

6.2% Ontario guideline rent increase for 2023?

We know that hasn’t happened, but apartment building expert Derek Lobo has made the case for a 6.2% rent increase for 2023. The annual guideline is well below the pace of inflation and Lobo says landlords and property managers shouldn’t expect relief to come. . .

Predicting Market Cycles: How to Be Less Wrong, Chapter 2

Predicting market cycles is nearly impossible. However, the rhymes and story cycles follow typical patterns. Real Estate By The Numbers columnist Volodya Gusek hasn’t personally gone through many of these cycles, but he looks to history for potential answers. . .

Apartment buildings: fighting against rising interest rates

Continuing the theme of economic uncertainty, The Apartments Broker columnist Michael Kurkdjian noted that central banks had made the unfortunate decision to fight inflation by penalizing debtors and so there had been a massive spurt of rate hikes since last year. This impacts cash flow and the financing that can be obtained. So how do you combat these effects?

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