In Monday’s commercial real estate news – we’ll give you a look at where smart HNW money is going, why investors are still interested in U.S. commercial real estate, the highest priced deals in town, and so much more!
The folks at Money360 wanted to find out where high-net-worth investors, family offices and hedge fund managers plan to put their capital over the next 12 months.
The underground space where Sydney institution The Basement made its name will continue operating as a live music venue or bar under a new tenant.
Foreign investment into US commercial real estate continued to be strong in 2017 with almost a fifth of National Association of Realtors (NAR) members practicing in the segment closing a sale with an international client during the year, according to the trade association’s 2018 Commercial Real Estate International Business Trends report.
Commercial real estate investment volumes across Europe are currently on course to meet 2017 levels, after finishing last year on a high.
Levels of investment in the first three months of 2018 was broadly in line with the long term average following one of the strongest final quarters on record, according to international real estate advisor Savills.
In January, San Jose and Santa Clara settled contentious lawsuits that pitted the neighboring cities against each over development plans. That’s the good news. The bad news is that this kind of dispute can erupt much too easily among Silicon Valley cities, and it’s going to take foresight to ensure this doesn’t happen again. The latest fight was over two projects — CityPlace in Santa Clara and Santana West in San Jose — and wasn’t anything new.
The LendingCoin, which has raised $2 million from friends-and-family investors, is lending $345,000 to David Ngo to refinance his business La Vie Nail Spa, said Mindy Ngo, chief marketing officer for The LendingCoin. La Vie Nail Spa is next door to the The LendingCoin offices, in the Boise Tech Mall, she said. “It makes it easier that we know the owner,” she said. “This is our case study. We didn’t want to spend it all on a huge loan with people we don’t know.” The company expects to issue another commercial loan in two months that she was not yet willing to disclose.