In Monday’s commercial real estate news – we’ll give you a look at Toronto’s Agellan Commercial Real Estate Investment Trust, Softbank’s Futuristic Vision, the rising values of industrial, and so much more.
Agellan Commercial Real Estate Investment Trust is a CA$377.57M small-cap real estate investment trust (REIT) based in Toronto, Canada. REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.
The real-estate market is a very important part of the economy and after a nice recovery there are a few cracks forming on the periphery.
IN THE LAST two months Michael Marks has turned down a dozen offers to make keynote speeches at conferences. His company, construction startup Katerra, is three years old, but the attention surge is very recent. “Construction technology has gotten kinda buzzy,” he says.
In a Q&A with NREI, Rufrano explained VEREIT’s acquisition and disposition strategy, including its reduction of office and restaurant assets and its addition of retail and industrial assets.
Nationally, the average cap rate on deals involving industrial assets is 5.4 percent for class-A+ product, down from 5.6 percent in mid-2017.
Online shoppers have gotten used to seeing that line on checkout screens before they click “purchase.” But a case before the Supreme Court could change that.