Commercial Real Estate News for Monday July 2

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!

Where Is Smart HNW Money Going?

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.

WeWork Atlanta Lands First Mercedes Benz Innovation Center in US

WeWork, the shared- and flexible-space giant, won the contest to land Mercedes-Benz’s first global innovation center in the United States

THE BASEMENT SPACE HITS THE LEASING MARKET FOUR MONTHS AFTER VENUE SHUTS DOORS

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.

 

Foreigners still see US commercial real estate as healthy investment

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.

Investment in European commercial real estate drops

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.

What To Do When Neighboring Cities Become Enemies

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.

SLOWDOWN or not, there are still multi-million ringgit deals to be made and last year saw its fair share of real estate transactions of above RM10 million each. From residential high-end bungalows to prime development lands, from office buildings to heritage shophouses and factory units, there was definitely something for every buyer with deep pockets.

Blockchain finances commercial real estate loan

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.

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

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