PennyMac Signs Lease for 75KSF Phoenix Office Building
Mortgage lender PennyMac Loan Services recently announced it had signed a lease for 3201 E. Elwood St. in Phoenix, a 74,625-square-foot office building. The landlord — Oklahoma City-based Arnold Realty LLC — was assisted in the negotiations by JLL managing directors Mark Gustin and Dave Seeger. Situated right next to I-10 and within easy access…
Pandemic Causes Sales to Plunge 85% in Hudson Yards, NYC’s Priciest Neighborhood & Prices to Dip 8% in Manhattan
In 2020, Hudson Yards was NYC’s most expensive neighborhood with a $4.5 million median. TriBeCa was next with $3.2 million median sale price – a 3% decrease Y-o-Y.
A Look Back at 2020: Major Real Estate Law Updates in NYC
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. As 2020 comes to…
On the Cutting Edge of Manhattan’s Luxury Properties: An Interview with Shlomi Reuveni
Shlomi Reuveni of Reuveni Real Estate describes the current state of Manhattan’s luxury residential market and how it has adapted to the pandemic as well as up and coming areas.
Specialty Lender Trinity Capital Inc. Signs Lease for New HQ in Phoenix
Trinity Capital — a lender specializing in loans and equipment financing for growing tech companies — announced a lease for an office space in Phoenix that it intends to turn into its new headquarters.
Historic New Integration Partnership Announced Between CommercialEdge & Buildout
The CommercialEdge and Buildout partnership is set to boost leads for clients by connecting their huge array of CRE listing sites.
New Partnership Bridges Gap Between Available Commercial Spaces & Actively Searching Tenants
Commercial real estate data and listing platform CommercialEdge, is now partnering with TenantBase.
Apple Leases 2 Additional Floors in Midtown Office Building
Apple recently announced it had signed its biggest lease yet in New York City — a 336,000-square-foot office space in Midtown Manhattan.
Subleasing Commercial Properties in New York
What are the benefits and potential legal issues that may arise in commercial subleasing, for both NYC sublessors and sublessees?
Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Atherton remains priciest zip code at $7 million, followed by Sagaponack, Malibu & Beverly Hills, as California again dominates top 100 ranking.
Q3 2020 NYC Neighborhood Report: Pandemic Slashes Sales up to 50% Across 4 Boroughs
In Q3 2020, sales were slashed by up to 50% in four boroughs. This quarter Hudson Yards was #1 priciest NYC neighborhood. and the Theater District-Times Square was #2 priciest due to a 223% surge in medians fueled by luxury condo sales & SoHo came in at #3.
Brookfield Acquires 343K SF Office Building in Bellevue, Wash., for $365M
Brookfield announced it had purchased a 343,000-square-foot Bellevue commercial property currently occupied by Facebook.
6 Steps to Becoming a Commercial Real Estate Agent
Are you interested in becoming a thriving real estate agent? If so, the first thing you must ask yourself is whether you want to work in commercial or residential real estate. Granted, because more people are likely to buy or lease a place to live versus a place to run a business, it is easier…
Why No One Needs a Free Donut from Dunkin: Real Estate & Wire Fraud in the Wake of COVID-19
A deep dive into wire fraud, how the pandemic is giving scammers more opportunities and the fight the title industry is putting up against it.
Centric Brands Signs 212K SF Lease in Empire State Building
Centric Brands signed a lease for 212,000 square feet of office space in the Empire State Building directly from the property’s owner, the Empire State Realty Trust.
Commercial Real Estate Experts Optimistic About Strong Leasing & Positive Trends
Yardi’s Arjun Rao discusses strong leasing and positive CRE trends in the time of COVID-19 with experts Marijke Lantz, Paul Wittorf & Sara Terry.
New US Home Sizes: Single-Family Homes Gain A Bedroom While Apartments Lose One
New single-family homes offer more space than before, as apartments continue to shrink in the country’s 20 largest cities.
Proposed Tax Law Amendment in California Could Greatly Affect Commercial & Industrial Properties
California’s Prop.15 seeks to tax commercial and industrial properties by their current market value, instead of the original purchase price.
An Interview with Glenn Asher of Kensington Vanguard National Land Services About the Title Process
Education and advice from prominent real estate professionals are key to learning about the complexities in selling and buying real estate. This is particularly true when title — or ownership — of a property is transferred from buyer to seller. To better understand this process, we turned to industry leader and subject expert Glenn Asher….
An 80-Year Overview of Real Estate Development in L.A. — From Aeronautics, to Finance, to Silicon Beach
Urban resilience is an increasingly important topic in today’s complex environment. Through the evolution of its real estate market, Los Angeles is an example of urban resilience and adaptability.
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