Alphabet Capital Group y su fondo Real Estate Fund USA se incorporan a Allfunds
Alphabet Capital Group ha alcanzado un acuerdo con Allfunds Bank para ofrecer su fondo Real Estate Fund USA I – SICAV RAIF a través de su plataforma.
Allfunds: el gigante español de venta de fondos que asombra a Europa
La compañía, con sede en Madrid, distribuye los fondos de 1.960 gestoras de todo el mundo y tiene acuerdos con 1.500 distribuidores (bancos, aseguradoras, asesores financieros, despachos de asesoramiento de ricos...).
JV looks to buy up to $175M in distressed resi loans, with focus on NY, Miami
A new venture intends to acquire up to $175 million in delinquent loans on properties across the country, particularly in New York City and Miami. The funding will start with a commitment of $25 million.
Multifamily Project in Historic Miami District Secures $36M Construction Loan
The prolific multifamily developer Estate Cos. is building the eight-story, 240-unit Soleste Spring Gardens south of the Dolphin Expressway near the Miami River.
Prolific South Florida multifamily developer The Estate Cos. secured a $36 million construction loan for its new community in Miami’s historic Spring Garden district.
Amazon Spends $22M on Miami-Dade Land for Giant Distribution Facility
This likely will be the e-commerce giant's biggest distribution center in South Florida.
Amazon bought a vacant 77-acre site in south Miami-Dade County where the e-commerce giant plans to build a distribution facility, likely its biggest in South Florida.
Inbound New York Buyers Boost Miami Soaring Home Sales in August
Miami single-family home sales jumped 16.6% year-over-year
According to the Miami Association of Realtors, Miami-Dade County total home sales surged in August 2020. Miami-Dade County total residential property sales jumped 6.4% year-over-year, from 2,374 to 2,527. Miami single-family home sales jumped 16.6% year-over-year, from 1,164 to 1,357. Miami existing condo transactions decreased 3.3% year-over-year, from 1,210 to 1,170.
Developers bet big on build-for-rent due to COVID
Firms are pouring billions of dollars into new single-family rental communities in the thick of the pandemic
Miami-based Global City Development, backed by the Brazilian investment management firm Leste, recently broke ground on more than 320 acres in Raleigh, North Carolina, and is aiming to build even larger homes than its competitors.
The companies are planning to develop 700 single-family homes and townhouses, ranging from 1,800 to 2,200 square feet with up to four bedrooms, before the end of 2021 as part of a $2.5 billion plan plan to build tens of thousands of houses in 30 communities over the next five to seven years.
New York developer snaps up former Wynwood Rubell site for apartment/office project
The New York firm behind the Sir Norman Foster-designed 425 Park Avenue and Chelsea’s newly approved Terminal Warehouse is coming to Wynwood
How Carl Icahn and others profited billions from ‘absolute perfect storm’
The pandemic has devastated brick-and-mortar retail, but some investors profited handsomely by betting on shopping malls’ misfortune.
Among them is Carl Icahn, one of the country’s best-known investors, who took a calculated risk that malls would suffer.
COVID is not taking a toll on real estate deals. Home sales are up in South Florida
Broward and Miami-Dade saw 45% to 50% growth in year-over-year condo and single-family home sales, according to the Douglas Elliman July 2020 report. The percentage of new listings in some areas trailed behind in comparison to July 2019 while growing in others.
Miami-Dade Home Prices Rise in June Due to Strong Demand
“The Miami-Dade real estate market continues a robust recovery evidenced by continuing surging pending sales and increasing market activity,” MIAMI Chairman of the Board Jorge L. Guerra Jr. said. “Historically low mortgage rates,
Swire sells Brickell City Centre office buildings for $163M
Swire Properties sold two office buildings at Brickell City Centre for $163 million, marking the largest sale to close in South Florida during the pandemic.
Zara Founder Unveils $17.2 Billion Global Real Estate Empire
The Spanish billionaire’s property holdings have soared to 15.2 billion euros ($17.2 billion), his firm revealed Tuesday for the first time, giving him the largest real estate portfolio among Europe’s super-rich.
Chicago State Grant Initiative Announced to Help Communities and Businesses
Governor Pritzker announced a new state initiative to help communities and businesses affected by COVID-19 and recent protests. New state budget funds and funds from the CARES Act make up the $900 million grant. Priority will be given to those hit hardest by the events of the last few months.
Amazon to open 2 new massive fulfillment centers in Chicagoland
Amazon will build two fulfillment centers each spanning 855,000 square feet, creating more than 2,000 full-time jobs in Matteson and Markham.
Nearly 80% of renters have made payments in June - Chicago Report
One survey of 11.5 million apartments shows that 80 percent of renters paid at least some rent in June. (iStock)
Rent collections continue to appear stronger than initially expected despite financial stress brought on by the coronavirus.
ANOTHER TRANSIT ORIENTED DEVELOPMENT NEAR METRORAIL: SHOMA PROPOSES 391 APARTMENTS AT BIRD ROAD, INCLDUING MICRO-UNITS
The Metrorail has seen a significant number of new developments either proposed or under construction next to almost every major station, and now another proposal has been submitted.
Shoma wants to build a project near the Douglas Road Metrorail station, according to plans that were just submitted to Miami’s Planning Department.
Chicago is still a strong renter’s market. Over 50% of the populations rents in this city. So if you buy a Chicago real estate investment to use as a rental property, you could benefit in this market.
Buying a property in Chicago is still considered as a good real estate investment. We’ll be discussing the latest Chicago housing market trends to find out how they can affect the investors and homebuyers in 2020. Chicago metropolitan area or Chicagoland, is an area that includes the city of Chicago and its suburbs.
Can Chicago’s Housing Market Weather COVID-19?
In a few short weeks, the COVID-19 virus has wreaked havoc on nearly every facet of American life. But it’s not all disastrous news. For now, the housing market is proving more resistant to the pandemic than other sectors of the economy.
Coronavirus distress is “opportunity of the century” for real estate investors
As the coronavirus crisis sends property values tumbling, real estate investors sense an even greater buying opportunity than the 2008 financial crisis.