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.
Cibus Nordic Real Estate () : Offers To Repurchase Warrants
The board of directors in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has resolved to offer the holders of warrants of series 2020/2024 in the Company to repurchase 158,604 warrants. The offer is made only to facilitate exercise of the warrants and does not entail any changes to the terms of the warrants.
Grant Cardone Says Austin Real Estate Market Correction Presents '10x Opportunity' For Investors
With rent for multifamily properties in Austin, Texas, falling 6.2% from last year, real estate mogul Grant Cardone has declared the city is undergoing a real estate correction. In an April 30 post on X, Cardone said the city faces an oversupply challenge, with 18.9% of apartments either under construction or in the lease-up phase. "The real estate correction is underway, and it will create a 10x opportunity for long-term investors," Cardone posted. Still, there are pockets of Austin that have demonstrated notable resilience and growth.
Commercial Real Estate Distress Rates Continue To Rise And Here's Why...
In February, we authored an article titled “Commercial Real Estate Could Be At A Tipping Point.” The discussion centered around a massive wave of loan maturities facing the commercial real estate sector. Specifically, the parallels that could be drawn between sentiment coming from Jerome Powell’s Federal Reserve and Ben Bernanke prior to the Great Financial Crisis. At the time, the Federal Reserve remained insistent that commercial real estate problems were limited and isolated within the financial system. Since publishing, mortgage REITs of all shapes and sizes have underperformed.
Final ‘domestically Controlled Reit’ Regulations Retain Corporate Look-through With Some Modifications | Skadden, Arps, Slate, Meagher & Flom Llp
On April 24, 2024, the Treasury Department released final regulations that alter key rules affecting many real estate funds and foreign investors in U.S. real estate....By: Skadden, Arps, Slate, Meagher & Flom LLP.
Sterne Kessler Garners "best New Office Space" At Washington Business Journal's 2024 Best Real Estate Deals Awards
WASHINGTON, April 30, 2024 /PRNewswire/ -- Sterne, Kessler, Goldstein & Fox accepted the "Best New Office Space" award at the recently held 2024 Washington Business Journal's 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. Sterne Kessler's new 76,000 square-foot space occupies the top four floors of 1101 K Street NW, including the eleventh floor penthouse. Visitors are welcomed by stunning views of the city, abundant natural light, a plethora of plants, and design materials with exquisite textures and color.
Freedom From Square Feet: A New Paradigm Shift In Commercial Real Estate
Instead of fixating on square footage, we should more holistically assess a property’s appeal and impact to foster a more balanced and sustainable real estate market.