#commercial-property

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#real-estate

Park Avenue landlords boast new leases after glowing Sixth Ave. report

Park Avenue's 277 Park Ave. is 98% leased with major lease deals by companies like Sumitomo Corporation and Arsenal Capital Management.
Major upgrades at 277 Park Ave. contributed to high tenant demand with rents ranging from $100-$120 per square foot.

Boston Properties wrapping up $100M revamp of 360 Park Avenue South featuring new roof deck, amenities center

CPPIB sold its 29% stake in 360 Park Avenue South to Boston Properties for $1, relieving the latter of a significant financial commitment.
The sale does not reflect the building's value but CPPIB's strategy to reduce office exposure amid market challenges.

Joel Schreiber's Waterbridge Capital sells Union Bank building in DTLA for $80M

Waterbridge Capital sold Union Bank Plaza for $80 million, marking a significant price reset in Downtown Los Angeles's office market.

Now the Metreon Is Up For Sale Too, In Latest SF Real Estate Shocker

The Metreon mall is for sale, boasting a strong occupancy rate and financial stability amidst broader challenges in San Francisco's retail market.

Hines buys massive self-storage facility in Cerritos for $91M

Hines acquired the largest self-storage facility sale in history for $91 million, underscoring the growing appeal of self-storage investments.

This Romford building is up for sale - and part of it could be turned into flats

Tollgate House in Romford is for sale, offering prime property potential for conversion into residential flats with existing commercial leases.

Park Avenue landlords boast new leases after glowing Sixth Ave. report

Park Avenue's 277 Park Ave. is 98% leased with major lease deals by companies like Sumitomo Corporation and Arsenal Capital Management.
Major upgrades at 277 Park Ave. contributed to high tenant demand with rents ranging from $100-$120 per square foot.

Boston Properties wrapping up $100M revamp of 360 Park Avenue South featuring new roof deck, amenities center

CPPIB sold its 29% stake in 360 Park Avenue South to Boston Properties for $1, relieving the latter of a significant financial commitment.
The sale does not reflect the building's value but CPPIB's strategy to reduce office exposure amid market challenges.

Joel Schreiber's Waterbridge Capital sells Union Bank building in DTLA for $80M

Waterbridge Capital sold Union Bank Plaza for $80 million, marking a significant price reset in Downtown Los Angeles's office market.

Now the Metreon Is Up For Sale Too, In Latest SF Real Estate Shocker

The Metreon mall is for sale, boasting a strong occupancy rate and financial stability amidst broader challenges in San Francisco's retail market.

Hines buys massive self-storage facility in Cerritos for $91M

Hines acquired the largest self-storage facility sale in history for $91 million, underscoring the growing appeal of self-storage investments.

This Romford building is up for sale - and part of it could be turned into flats

Tollgate House in Romford is for sale, offering prime property potential for conversion into residential flats with existing commercial leases.
morereal-estate
#property-tax

Wu rejects potential alternatives to property tax proposal

Mayor Wu aims to reduce rising residential taxes by increasing commercial property tax rates.

Boston City Council sides with Mayor Wu, approves property tax proposal

Mayor Michelle Wu proposed to increase commercial property tax temporarily to assist residential property owners, facing opposition from the business community, pending state lawmakers' approval.

Wu rejects potential alternatives to property tax proposal

Mayor Wu aims to reduce rising residential taxes by increasing commercial property tax rates.

Boston City Council sides with Mayor Wu, approves property tax proposal

Mayor Michelle Wu proposed to increase commercial property tax temporarily to assist residential property owners, facing opposition from the business community, pending state lawmakers' approval.
moreproperty-tax

Commercial Space in Minato / ROOVICE

A 1960s wooden apartment in Minato Ward was transformed into a modern commercial rental property through comprehensive renovations emphasizing light and accessibility.
#foreclosure

Mountain View tech buildings are foreclosed as real estate woes widen

Silicon Valley office buildings seized by lender due to commercial property woes
Foreclosure impacts real estate investors in the Bay Area

East Bay buildings flop into default as Bay Area office woes persist

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.
Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.

Mountain View tech buildings are foreclosed as real estate woes widen

Silicon Valley office buildings seized by lender due to commercial property woes
Foreclosure impacts real estate investors in the Bay Area

East Bay buildings flop into default as Bay Area office woes persist

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.
Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.
moreforeclosure

Erin Toeniskoetter takes key post at family's development company

Erin Toeniskoetter has been appointed as president of Toeniskoetter Development Co.
Toeniskoetter Development is shifting its focus towards providing real estate services for existing buildings and sites.

Onni Group Sues SoulCycle Over $1.2M in Back Rent

SoulCycle is being sued by its landlord, Onni Group, for allegedly failing to pay $1.2 million in back rent for an abandoned location in Downtown L.A.
Onni claims that SoulCycle left the location in March 2020 despite having a lease through October 2031.

High-profile Walnut Creek restaurant and retail center is bought for $40 million-plus

Olympia Place, a restaurant, movie, and retail complex in downtown Walnut Creek, has been bought for $44.5 million by a California-based investment group.
The buying price is about 13.6% below the property's assessed value, suggesting wobbly commercial property values in the area.

Cooking the Books: Why investing in commercial property is both easier and harder than ever before

Investing in commercial property can be a viable option for everyday investors when done through a fund.
The work-from-home revolution, rising insurance costs, and high interest rates have impacted the profitability of commercial property investments.
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