Hilco Real Estate Announces The Bid Deadline For A 9,000+- Sf Flex Office/warehouse Condo Unit Near Cleveland, Oh
NORTHBROOK, Ill., April 15, 2021 /PRNewswire/ -- Hilco Real Estate LLC announces the bid deadline of Thursday, May 27 for four condominium units that have been combined into a well-maintained office/warehouse flex space totaling 9,030+- square feet. Built within the Bentley Park Condominiums office complex in 1997, the versatile property sits just off the intersection of U.S. Route 422 and Ohio Route 91, offering easy access to the greater Cleveland area. Located at 29500 Aurora Road in Solon, Ohio, the property is situated on a 5.31+- acre lot with access from both Aurora Road and Cochran Road.
The speculative office project is nearly 30 percent preleased. : 650 Main, a 10-story, 332,000-square-foot Class A office building in downtown Salt Lake City has topped out and is on track for delivery in the first quarter of 2022, the development venture of Patrinely Group and USAA Real Estate announced. Sited at Main Street and 600 South, the building was designed by HOK and is targeting LEED v4 Gold. It recently received Platinum certification from Wired Score for its wired infrastructure, resilience and wireless network.
Commercial Real Estate: Office Leasing In Seven Cities Falls 48% In Jan-mar: Report, Real Estate News, Et Realestate
In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to 35,78,585 sq ft in January-March 2021 from 69,31,922 sq ft in the corresponding period of the previous year across seven major cities.
Medical offices have been a bright spot for real estate investors during the pandemic, despite the fact that telehealth saw a boom during the pandemic. Doctors and medical professionals have remained on time with their rent payments in the past year, unlike other office tenants, the Wall Street Journal reported. While some tenants have paid less than 85 percent of rent collections, medical professionals have paid 95 percent of rent owed. And despite in-person visits The post Medical offices are just what the doctor ordered for landlords appeared first on The Real Deal New York.
The Norwood, Mass., property is located within 20 miles of central Boston. : A partnership between U.S. Realty Advisors and Bain Capital Real Estate has sold One Investors Way, a 236,566-square-foot office building surrounded by a life science campus in Norwood, Mass. Newmark represented the seller in the $105 million sale. According to public records, Alexandria Real Estate Equities purchased the asset and self-financed the acquisition. Originally constructed in 1915 and renovated in 1998, One Investors Way includes nearly 1,000 parking spaces. The surrounding campus is also home to a 260-unit apartment community and a two-building property occupied by biotech company Moderna.
MINNEAPOLIS and SANDY, Utah, April 12, 2021 /PRNewswire/ -- Varde Partners and Larry H. Miller Real Estate, a portfolio company of the Larry H. Miller Group of Companies, today announced that Larry H. Miller Real Estate has acquired Daybreak, a premier master-planned community in South Jordan, Utah, from Varde Partners. The purchase consists of more than 1,300 undeveloped acres, including ownership interest in a portion of existing commercial assets and future commercial development, as well as remaining undeveloped residential property. The transaction does not include existing homes within the Daybreak community and certain other assets.
While both instruments are relatively new to investors, they are quickly gaining in popularity because they have finally given retail investors access to commercial real estate.
Firms linked to the billionaire founders of 3G Capital are on the hunt for real estate deals in pandemic-battered Brazil. The companies -- tied to Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira -- are looking to buy discount properties, with a focus on strip malls, office space and long-term rental apartments, according to Bloomberg. One of the firms, Sao Carlos, specializes in office flips and has closed two deals worth about $14 million, The post In pandemic-battered Brazil, 3G Capital founders hunt for real estate deals appeared first on The Real Deal New York.
The roughly 312,000-square-foot Mesa Tower traded for nearly double the price it sold in 2017.: Dallas-based CAMCO Investment Group has purchased The Mesa Tower, a 16-story, 311,949-square-foot office building in the Fiesta District of Mesa, Ariz. The joint venture of Barker Pacific Group and Iron Point Partners sold the Class A asset for $39.5 million with the assistance of CBRE. CommercialEdge information shows the property previously traded in 2017 for $23 million. Formerly known as Bank of America Financial Plaza, the landmark office tower rises at 1201 S. Alma School Road on a 6-acre lot within a qualified Opportunity Zone.
Commercial Real Estate In Us: Pandemic Impact May Weigh On Commercial Real Estate Recovery In Us, Real Estate News, Et Realestate
That would be a welcome change for companies that own office buildings and hotels, or those that lease space to restaurants, bars, department stores and other retailers.