Three industry experts offer some insights on how to differentiate between winning and losing proptech solutions. : According to a 2020 Commercial Real Estate Outlook report from consulting firm Deloitte,92 percent of its survey respondents plan to maintain or increase their tenant experience-related technology investments going forward. However, with hundreds of proptech companies entering the space, real estate professionals are tasked with picking out which technology solution can ultimately help their bottom line.
JERSEY CITY, N.J., Oct. 16, 2019 /PRNewswire/ -- The technology company that makes it easier to manage and monetize medical and wellness office timeshares is now officially endorsed and advised by a star-studded lineup of commercial real estate experts. The Jersey City startup, which has recently cleared the milestone of 1,000 providers connecting through the Healtor platform which represents a marketplace of over 1M square feet of timeshare transactions nationally, and has partnered with a number of health systems in early stage feature development. Introducing: Healtor and its prestigious Commercial Real Estate (CRE) Advisory Board.
JERSEY CITY, N.J., Oct. 16, 2019 /PRNewswire/ -- The technology company that makes it easier to manage and monetize medical and wellness office timeshares is now officially endorsed and advised by a star-studded lineup of commercial real estate experts. The Jersey City startup, which has...
Invesco bought the fully-let Palazzo Turati building for its pan-European core strategy. : Invesco Real Estate has bought a 9,400sqm office building in Milan for its pan-European core strategy. The real estate manager has acquired the fully-let seven-storey Palazzo Turati building from Italian fund manager COIMA SGR for an undisclosed sum. The building, located at Via Meravigli 7, has been let to Milan Chamber of Commerce since 1954. The asset was built in 1873 and underwent refurbishment in 2015. Palazzo Turati was purchased in 2015 by Coima and Sofaz, the sovereign wealth fund of Azerbaijan, via the Sofaz Italy Fund.
CHAPEL HILL, N.C., Oct. 16, 2019 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its acquisition of the Olde Towne at Berwick retail center, a 29,000 square foot Kroger-shadowed shopping center in the fast growing eastern Savannah neighborhood of Berwick. The transaction price was $5.45 million, and just under $2.0 million was raised from its equity investors to complete the purchase. Olde Towne at Berwick, which shares a parking lot with a neighboring Kroger, has many popular local tenants, including ...Full story available on Benzinga.com.
October 16, 2019 5:00 AMSingapore Press Holdings (SPH) has partnered real estate asset manager Bridge C Capital to set up a fund focused on investing in aged care and healthcare assets in Japan.
NXT Capital secured the financing for a Class A property in the Cumberland/Galleria submarket. : Mainstreet Capital Partners has received a $21.4 million loan from NXT Capital to refinance 2000 Riveredge, a Class A, 234,000-square-foot office building in Sandy Springs, Ga. According to Yardi Matrix data, Mainstreet Capital acquired the property in 2007 for $32.1 million in a portfolio transaction and refinanced it in 2016 with a $19 million loan from Prime Finance Partners. The building is located at 2000 Riveredge Parkway N.W. in the Cumberland/Galleria submarket.
UBS-ZIREF bought the Schiller27 office from a real estate fund managed by DIC Asset. : A property managed by UBS Asset Management on behalf of Zurich Insurance Group's Italian arm has paid EUR27m for a mixed-use asset in Frankfurt. The manager said the UBS Zurich Italy Real Estate Fund (UBS-ZIREF) has acquired the Schiller27 office from a real estate fund managed by DIC Asset. Constructed in 1997, the fully-let seven-storey Schiller27 building comprises 3,000sqm of office space and 350sqm of ground-floor retail space.
The property, located between Silicon Beach and El Segundo, underwent an $8 million improvement program under previous ownership. : The Roxborough Group, in partnership with The Ruth Group, has sold a 306,243-square-foot office tower in Los Angeles. A joint venture led by North Sea Capital Advisors purchased 5901 Century for $45 million. Newmark Knight Frank secured $39.7 million in acquisition financing. According to Yardi Matrix data, the property last traded in 2017 for $12.5 million. The sale was subject to a $19.8 million acquisition and development loan from Maples Fund Services.