The New Market Tax Credit Program – History & 2021 Revival
The latest relief bill includes several provisions to revitalize the real estate industry, among them tax incentive programs like the NMTC.
MetLife Investment Management Sells 304,000-Square-Foot Denver Office Building
Metlife’s asset management branch recently announced the sale of a 304,000-square-foot office tower in Denver for $74.3 million.
Highwoods Properties Acquires 636KSF Raleigh Office Complex
The REIT paid $131 million for its venture partner’s 75% stake in a Raleigh office campus.
What The “Consolidated Appropriations Act – 2021” (CAA) Has In Store For Landlords & Tenants
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. At the end of…
CIM Commercial Trust Signs New Long-Term Tenant in Austin Office Campus
REIT CIM Commercial Trust signed a tenant for eight years in one of Austin’s most popular destinations for office space.
Boston’s Housing Market: 66% Price Growth in a Decade & a Look Beyond COVID-19 to 2030
Boston’s overall residential prices rose 66% between 2009-2019. If this growth rate continues, the median may reach $1,039,000 by 2030.
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.
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