commercial real – Talktalk China http://talktalkchina.com/ Mon, 14 Mar 2022 16:00:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://talktalkchina.com/wp-content/uploads/2021/10/icon-2-120x120.png commercial real – Talktalk China http://talktalkchina.com/ 32 32 Residential real estate boom paves way for increased retail demand – Real Estate & Construction https://talktalkchina.com/residential-real-estate-boom-paves-way-for-increased-retail-demand-real-estate-construction/ Mon, 14 Mar 2022 16:00:02 +0000 https://talktalkchina.com/residential-real-estate-boom-paves-way-for-increased-retail-demand-real-estate-construction/ United States: Residential real estate boom paves way for increased retail demand March 14, 2022 Allen Matkins Leck Gamble Mallory & Natsis LLP To print this article, all you need to do is be registered or log in to Mondaq.com. After years of pessimism about the retail market, industry leaders […]]]>


United States: Residential real estate boom paves way for increased retail demand

To print this article, all you need to do is be registered or log in to Mondaq.com.

After years of pessimism about the retail market, industry leaders report growing optimism about demand for retail space in the Allen Matkins Winter 2022 Survey/ UCLA Anderson Forecast California Commercial Real Estate Survey. According to the survey results, retail developers have strong growth opportunities across the state, especially in areas where booming residential development is increasing demand for retail businesses. The greatest levels of optimism came from respondents in East Bay, Silicon Valley, Orange County and San Diego – markets with low unemployment rates.

The WarnerExecutive Vice President of Capital Markets, Retail for Colliers International, and Anthony Burney, Real Estate Partner at Allen Matkins, discuss takeaways from the survey and what lies ahead for this sector.

1. Retail benefited from the strength of the multifamily market

During the pandemic, there was a noticeable shift in population from urban areas to suburban neighborhoods, where people could disperse. These new residents were not just buying single-family homes; they have also increased the demand for multi-family properties. This created additional foot traffic for places like grocery stores, gyms and salons. “The strength of multifamily has benefited from the development of retail,” Burney says, adding, “Retailers who have been able to provide these services have been successful during the pandemic.”

According to Burney, the influx of young residents moving to the suburbs has created many opportunities for retailers. Its customers reported an increase in foot traffic during the week as people shopped more frequently, often during their lunch breaks and after work. Returning to the office is still uncertain for some companies, and employees who continue to work from home will likely continue these new shopping practices well into 2022.

2. Neighborhood malls are booming

Warner expects the strongest growth in 2022 to occur in cities that have been hardest hit during the pandemic, such as San Francisco, Boston and Washington, DC. “Most of the other markets have rebounded,” he said. Like Burney, he sees growth in neighborhood malls. “The spaces anchored in groceries and net leases are still strong,” he says.

“Development is back,” says Warner. “We’re starting to be able to build those assets for optimal use.” This includes multi-family and mixed-use spaces as well as brick-and-mortar retail. Construction costs can affect how quickly these projects come to fruition, as there are still significant fluctuations and inflation in the price of materials. However, local governments are actively working to support these efforts to generate tax revenue from retail revenue.

3. The commercial space market is changing

The recent growth in retail is very directly linked to the pandemic. Local restrictions, population movements and competition from e-commerce sites have forced retailers to reconsider their operations. They are looking for a space that allows for more outdoor concepts in a post-COVID world. So developers are working feverishly to reconfigure spaces to meet these new demands.

According to Warner, the shopping center sector is finally showing signs of stabilization. Landlords and property developers have redeveloped spaces, and the supply of vacant malls is eventually dwindling as rental demand increases. He adds, “Owners now have a great opportunity to sell their land and buildings.”

4. The retail sector still has potential for investors

The retail market has changed over the past few years and Warner believes it was undervalued at the start of the pandemic. “It took a pandemic to prove the resilience of the sector,” he adds. “Asset classes across the sector are showing strong rental and investment activity.” More stores opened last year than closed – the first time since 2015. He notes the $20 billion investors invested in retail space during the third quarter of last year to highlight this point.

Burney saw a similar move. “Trading volume over the past 12 months has been significantly higher than it has been over the past two years,” he said. So far, rents haven’t risen as much as landlords wanted, but many spaces that sat empty for years are now coming back to life.

For now, he offers this recommendation: “Retail developers just need to continue to be nimble and adapt to changing consumer needs.”

Co-written by The Warner Executive Vice President Colliers International

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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The Future of Proptech Retirement Homes https://talktalkchina.com/the-future-of-proptech-retirement-homes/ Tue, 01 Mar 2022 21:18:50 +0000 https://talktalkchina.com/the-future-of-proptech-retirement-homes/ The prevalence of proptech has gained traction in commercial real estate, although many owners and operators are still slow to adopt it. But for a niche on the verge of booming demand, proptech could be a game-changer. Every day, some 10,000 baby boomers turn 65, according to US census data. The number of generational retirees […]]]>

The prevalence of proptech has gained traction in commercial real estate, although many owners and operators are still slow to adopt it. But for a niche on the verge of booming demand, proptech could be a game-changer.

Every day, some 10,000 baby boomers turn 65, according to US census data. The number of generational retirees is expected to reach 34 million by 2030. These demographic shifts have set the stage for what some have dubbed the Money Tsunami – a massive influx of potential housing residents for the elderly.

Ryan Brooks, Senior Principal for Health Policy and Analysis, NIC

“The COVID-19 pandemic, with all the pain and problems it has brought to the industry, has had some upsides, and one was the increased focus on technology, which in many respects, is positive for operators, residents and family members,” said Ryan Brooks, senior director of healthy policy and analytics at National Investment Center for Housing and Aged Care.

A new generation of tech-savvy senior housing residents, coupled with a sea change in mentality about cleanliness and air quality in the places where people live and work, highlights how important it is becoming for owners and operators to update their technological functionalities.

Safety and security

In early 2022, one of the deadliest residential fires in New York history claimed the lives of 17 residents of a multi-family apartment building in the Bronx. The tragedy has led to calls for legislation requiring the installation of sensors that remotely monitor heat levels in buildings.

Sensors such as those proposed by federal lawmakers could become extremely important in senior housing. In addition to monitoring heat, there are sensors that can help monitor resident falls by recording gait, speed and stride length, wall sensors that can monitor an individual’s heart rate and breathing non-contact, which can monitor indoor air quality and those which can detect changes in humidity, temperature, light and water.


READ ALSO: A multi-family technological evolution in the making


“What these things tell residents and families is that we take the health and well-being of our residents seriously,” Brooks said.

Ventilation and air quality are perhaps the biggest buzzwords in property management since the pandemic began. The increased attention is turning into a long-term trend and there are a host of related smart tech products on the market, said Jamie James, managing partner at Greensoil Proptech Venturesa company that invests in technology for the real estate sector.

Popular features that operators have implemented include bipolar ionization, microbial cleaners that attach to existing HVAC systems and continuously produce hydrogen peroxide plasma that eliminates viruses such as SARS-CoV-2 and other airborne contaminants.

“Nobody takes ventilation seriously and I think they will now,” James said. “We spend all of our time indoors, so the quality of that air is important.”

Comfort in isolation

The ongoing pandemic has further shed light on the impact isolation can have on an individual’s mental and physical health. “It’s finally been recognized,” Brooks said, adding that senior housing operators have taken the initiative to better connect family members to residents by embracing new technologies.

One of the most high-tech innovations of recent times that aims to help those struggling with loneliness and isolation are dog and cat companion robots. These products are on the market and have begun to appear in senior living facilities across the country as a way to provide companionship without the feeding and walking responsibility that a real pet would require. Some of the robotic pets can even speak hundreds of languages ​​and recognize human faces and emotions.

Last fall, the Council on Aging, Southern California, distributed 200 robotic cats and dogs to residents of assisted living communities in the Orange County area, with a particular focus on residents of care units. memory, according to Orange County Registry. Similar programs have taken place in Florida, Alabama and Minnesota.

“They offer realistic, interactive play that really helps combat feelings of loneliness in older adults,” Brooks said.

Operational efficiency

It is no secret that senior housing has faced many challenges since the start of the global health crisis. One of the most pressing issues has been labor shortages, a pain point that is causing headaches in many industries.

This is where technology to help operators streamline their processes can come into play.

Recent innovations have gone beyond what some programs have done before to streamline core functions such as scheduling, human resources, and employee attendance. New technologies can now go further and find ways to reduce labor costs.

“I think operators implementing technology solutions to differentiate themselves from regional competition, that doesn’t even have to be a major differentiator, even a minor one can be the reason why (a resident) chose a specific carrier to move in with,” Brooks said.

An example of a major implementation might be a community having electronic health records of its residents. Having an individual’s complete medical history can help operators use predictive analytics to better understand potential risks or help establish communication with families, plan care and a framework for it. Although a major EHR implementation can be costly, especially if done at scale across a large portfolio, the benefit of preventing adverse effects can increase a resident’s length of stay, which is a victory for all involved.

“That’s where it’s really positive for the residents and their family members,” Brooks said.

Read the March 2022 issue of MHN.

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eXp Realty exceeds 75,000 real estate agents https://talktalkchina.com/exp-realty-exceeds-75000-real-estate-agents/ Tue, 15 Feb 2022 18:10:00 +0000 https://talktalkchina.com/exp-realty-exceeds-75000-real-estate-agents/ BELLINGHAM, Wash., Feb. 15, 2022 (GLOBE NEWSWIRE) — eXp Realty®the world’s fastest growing residential real estate company and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that it has surpassed 75,000 agents worldwide, representing an increase of 60 % compared to 46,745 agents in February 2021. This milestone follows a successful start […]]]>

BELLINGHAM, Wash., Feb. 15, 2022 (GLOBE NEWSWIRE) — eXp Realty®the world’s fastest growing residential real estate company and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that it has surpassed 75,000 agents worldwide, representing an increase of 60 % compared to 46,745 agents in February 2021.

This milestone follows a successful start to 2022, with eXp Realty being named one of Glassdoor’s Best Workplaces for the fifth consecutive year. Additionally, eXp World Holdings Founder and CEO Glenn Sanford and eXp Realty CEO Jason Gesing were recognized on the Swanepoel Power 200 list as the No. 2 and No. 31 most powerful real estate executives, respectively. eXp Realty has also opened brokerage operations in the Dominican Republic in February 2022, now operating in 19 countries.

“We are committed to continuously innovating our business model and improving our agent value proposition, which ultimately delivers excellent service to owners and sellers alike,” said Glenn Sanford, Founder, President and CEO of eXp World. Holdings. “Our agent-centric platform is the foundation of our success as the world’s fastest growing real estate broker.”

Here are some of the recent teams and agents who joined eXp Realty in the second half of 2021 and early 2022:

  • Jennifer Grandjean in Portland, Oregon
    Jennifer Grandjean and his team of 7 joined eXp Realty in July 2021. In 2021, the team closed 63 transactions for over $25 million.
  • Clifford Blanquicet and the Blanq Real Estate Team in Charlotte, NC
    Clifford Blanquicet and the 16-person Blanq Real Estate team joined eXp Commercial in August 2021. In 2021, the Blanq Real Estate team closed $100 million in transactions.
  • Scott and Sean Bautista in Seattle
    Scott and Sean Bautista brought his team of 12 to eXp Realty in September 2021. In 2021, their team closed 139 transactions for $99,457,000 in sales.
  • Arie Luyendyk Jr. in Scottsdale, Arizona
    Arie Luyendyk Jr., a former race car driver who starred on Season 22 of The Bachelor, joined eXp Realty in September 2021. He completed 13 deals for $20,904,000 in 2021.
  • Dimitrios Kalogeropoulos in Ottawa, Canada
    Dimitrios Kalogeropoulos and the team of 7 Agent DK agents joined eXp Realty in December 2021, after 10 years at Royal LePage. In 2021, the team closed 250 deals for $170 million.
  • Marbel Lugo in Santo Domingo, Dominican Republic
    Marbel Lugo joined eXp Realty in February 2021 as an official broker for the Dominican Republic. She is a pioneer in the real estate industry in the Dominican Republic as a member of the board of directors of the Association of Realtors, an author and the first real estate coach in the country.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company of eXp Realty®Virbela and SUCCESS® Companies.

eXp Realty is the world’s fastest growing real estate company with over 75,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal, in France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany and the Dominican Republic and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS® Companies, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; the expansion of our residential real estate brokerage business into foreign markets; demand for remote work and learning solutions and virtual events; the development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in the forward-looking statements include changes in business or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent quarterly report on Form 10-Q and annual report on Form 10-K.

Contact person for media relations:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Contact with Investor Relations:
MZ Group – MZ North America
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bd3bd24-6e1e-4fc8-8f4c-d07f7ad08757

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5 Best Realtors in Anaheim, CA https://talktalkchina.com/5-best-realtors-in-anaheim-ca/ Wed, 09 Feb 2022 03:51:05 +0000 https://talktalkchina.com/5-best-realtors-in-anaheim-ca/ Below is a list of the best and leading real estate agents in Anaheim. To help you find the best real estate agents located near you in Anaheim, we’ve put together our own list based on this list of rating points. Anaheim’s Best Realtors: The top rated real estate agents in Anaheim, CA are: Masciel […]]]>

Below is a list of the best and leading real estate agents in Anaheim. To help you find the best real estate agents located near you in Anaheim, we’ve put together our own list based on this list of rating points.

Anaheim’s Best Realtors:

The top rated real estate agents in Anaheim, CA are:

  • Masciel Real Estate Co – is – in a certain sense – a family business
  • Meghan Shigo – provides the best real estate services in a comfortable and serene approach
  • Cindee + Michael Real Estate Group – is determined by creating and staying ahead of the bend
  • Jesus Morales real estate agent – is a Senior Sales Associate with Remax New Dimension
  • Maria Espinoza real estate agent – puts the client’s interest first at all times

Masciel Real Estate CoRealtors in Anaheim

Masciel Real Estate Co is – in a certain sense – a family business. They have a tight-knit group of real estate agents who look out for each other and their neighborhood. Their customers are like family to them and they treat them as such. They understand that buying a home can be a stressful process.

So whether you’re looking to buy a home in Orange County or rent office space, they work hard to ensure that interacting with their courteous and professional team gives you peace of mind. At Masciel Real Estate Co., they value their customers and are dedicated to providing superior service.

Products:

Residential Ads, Commercial Ads, Rental Ads

SITE:

Address: 200 N Harbor Blvd #102, Anaheim, CA 92805
Call: 714-956-4000
Website: www.masciel.com

COMMENTS:

“Gary has worked with our family for many years and he never lets us down. He put us in the hands of Garrett who did a great job and it was a pleasure to work with him in finding our new home. – Pedro C.

Meghan ShigoBest Realtors in Anaheim

Meghan Shigo provides the best real estate services in a comfortable and serene approach. She works hard to help buyers and sellers achieve their real estate goals, and she has extensive experience in Northern Orange County real estate as well as in-depth knowledge of the area. For buyers, she helps negotiate the best possible deal and continues to search for the perfect property until she finds it.

Nothing makes her happier than seeing people’s faces light up after a successful sale or a one-time purchase. Do not hesitate to contact her if you are looking to buy or sell a house or if you simply want more information.

Products:

Real estate services

SITE:

Address: 351 E Center St, Anaheim, CA 92805
Call: 714-273-1381
Website: www.meghanshomes.com

COMMENTS:

“Meghan and her team were so communicative and supportive that my fiancé and I bought our first home together. We appreciate his help in navigating the complexities that come with buying a home. Thank you, Meghan and Meghan’s team.” – Cherie J.

Cindee + Michael Real Estate GroupAnaheim Realtors

Cindee + Michael Real Estate Group is determined by creating and staying ahead of the turn. “It’s not just a house, it’s your house”, as the saying goes. That’s their mindset at The Cindee and Michael Group, and they have happy customers to prove it. They have developed a proven technique to bring you above market deals and secure your dream home, based on their combined 50 years of experience in the local and global real estate markets.

Products:

Sell ​​buy

SITE:

Address: 8028 E Santa Ana Canyon Rd #1108, Anaheim, CA 92808
Call: 714-328-3333
Website: www.cindeeandmichael.com

COMMENTS:

“My husband and I are super lucky to have found this amazing team, we were so lucky to have met Cindee through her, we can now start settling into our new home. She understood exactly what we wanted and needed in record time. Definitely started recommending all my friends and family!” – Aleister B.

Jesus Morales real estate agentGood Realtors in Anaheim

Jesus Morales real estate agent is a senior sales associate with Remax New Dimension. He has a diverse and extensive experience in residential and commercial real estate. In addition, Jesus has extensive experience in the Southern California area with 1031 tax-deferred exchange agreements, short sales and tenant relations.

Since 2017, he has been a licensed seller with the State of California Bureau of Real Estate. He began his real estate career in 2001 as a transactions coordinator for West Point Realtors Inc. and Blue Point Realty Management, where he managed rental properties and managed records.

Products:

Commercialization of Residential Family Housing, Multi-Family Housing, Real Estate Services

SITE:

Address: 101 E Lincoln Avenue Suite # 125, Anaheim, CA 92805
Call: 714-376-1212
Website: www.remax.com

COMMENTS:

“Jesus Morales is the best, you won’t find a friendlier person to help you buy a home. He walked us through every step of the process with care and patience. I really appreciated his extensive knowledge during the buying process. buying a home and would recommend it to others!-Daniel M

Maria Espinoza real estate agentOne of Anaheim's Top Realtors

Maria Espinoza real estate agent puts his client’s interest first all the time. As a career-focused mother of four, she has realized over the years that her approach to real estate sales and marketing is similar to her parenting style, which is based on trust and communication. These founding principles ensure that her clients, whom she treats with the same respect she gives to her family, will receive both ethical and personalized attention, as well as her dedication based on years of first-class experience and knowledge. hand.

She strongly believes in building long-term relationships with her clients to provide a fair and enjoyable home buying or selling experience.

Products:

My Listings, Featured Properties

SITE:

Address: 2300 E Katella Ave Suite 175, Anaheim, CA 92806
Call: 714-452-7321
Website: www.soldbymariaespinoza.com

COMMENTS:

“Very friendly and honest. She helped me look for a house and was willing to work with my schedule. – DJ C.

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Building better with Canada’s values-based bank | RENX https://talktalkchina.com/building-better-with-canadas-values-based-bank-renx/ Tue, 01 Feb 2022 06:52:52 +0000 https://talktalkchina.com/building-better-with-canadas-values-based-bank-renx/ Image courtesy of Vancity Community Investment Bank (VCIB). Vancity Community Investment Bank (VCIB) is on a mission to fund a sustainable future for Canadians, starting with where they live, work and play. “VCIB believes real estate can be a powerful tool for change,” says Trish Nixon, Managing Director, Commercial Impact Banking. “We provide financing solutions […]]]>

Image courtesy of Vancity Community Investment Bank (VCIB).

Vancity Community Investment Bank (VCIB) is on a mission to fund a sustainable future for Canadians, starting with where they live, work and play.

“VCIB believes real estate can be a powerful tool for change,” says Trish Nixon, Managing Director, Commercial Impact Banking. “We provide financing solutions that enable developers and owners to positively impact the communities in which they operate.” Citing the bank’s distinct approach, Nixon notes, “We call it social purpose real estate.”

ESG factors play an increasingly important role in real estate transactions. With extensive experience in bespoke financing of commercial real estate projects, VCIB has seen a huge shift in the market over the past few years. “Every day we hear from traditional developers looking for new ways to incorporate social and community benefits into their projects,” adds Nixon. This is an exciting change for a financial institution that is both B Corp certified and a member of the Global Alliance for Banking on Values.

Sustainable financing

VCIB provides construction, term and acquisition financing for commercial real estate projects that generate social, economic and environmental benefits in communities across Canada. A wide variety of projects may be eligible for funding, including residential developments that provide affordable housing, owner-occupied non-profit buildings, energy-efficient buildings, arts and cultural centers, co-working spaces and heritage buildings.

To complement their social purpose real estate financing, VCIB’s experienced clean energy team offers specialized loans for projects that have energy efficiency, renewable energy and other sustainability components.

“High-impact projects not only excite us, they define us,” says Nixon. “Our mission is to use finance as a tool to generate immediate and lasting social and environmental impact in our communities. This means we are committed to working harder for borrowers who are aligned with these goals and who can help us achieve them.

Boutique approach

Like your favorite bespoke tailor or local bookstore, VCIB makes it personal. “As an account manager, it’s my job to understand a client’s vision and anticipate their unique needs,” says Eric Visser, Senior Business Development Manager, Commercial Real Estate. All the typical loan proof points come into play, of course, but it’s the “conversations that reveal a client’s passions, motivations, and vision for a project.”

With considerable experience in financing real estate projects that incorporate affordable housing, energy-efficient amenities, community-enhancing designs, and ESG forward-looking plans, VCIB doesn’t shy away from unconventional projects. “When I have a deep understanding of a client’s plan, and it aligns with VCIB’s priority impact framework, I find a financing solution that’s right for them,” continues Visser.

This confidence stems from a history of funding creative models of affordable housing and community spaces, combined with VCIB’s in-house expertise in clean energy. Visser notes that “we don’t believe that ‘unique’ or ‘innovative’ necessarily equates to ‘risky’.” Adding, “my job is to understand a project holistically and find ways to mitigate risk.” In fact, measures that boost a project’s impact rating with VCIB, such as including affordable units or investing in efficiency improvements, can be positively reflected in the adjudication process. , because they can reduce the risk of vacancy or add long-term value.

“VCIB wants to support companies that are driving social, environmental and economic change, so you’re not going to pay more to do the right thing,” says Visser. Indeed, customers attest that VCIB’s rates and financing solutions are very competitive in this market. Contributing to the social and environmental sustainability of market real estate builds your brand and your business.

All in the family

As a subsidiary of the nation’s largest credit union, VCIB builds on Vancity’s long history of community investment with national reach. While the credit union operates only in British Columbia, VCIB is regulated to serve the rest of Canada as a Schedule I bank. Based in Toronto, VCIB is next to the big banks, but its size and mandate of impact set it apart. Visser explains, “Our agile approach and niche expertise make the difference in how we serve our clients across Ontario and in select national markets. Whether large or small, unique and targeted real estate projects need the customized financing solutions we are ready to provide.

VCIB’s blog features a large list of clients that includes private developers and non-profit housing providers. The bank has also worked in partnership with public organizations such as the Canada Mortgage and Housing Corporation and the Canada Infrastructure Bank, seeing public-private partnerships as a way out of affordability and crises. climatic. “The challenges we face require everyone to be on deck,” Nixon points out. “VCIB is committed to partnering with private, not-for-profit and public sector actors to find solutions to move the needle forward.”

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5 Best Realtors in Boston, MA https://talktalkchina.com/5-best-realtors-in-boston-ma/ Sat, 29 Jan 2022 01:49:57 +0000 https://talktalkchina.com/5-best-realtors-in-boston-ma/ Boston’s best real estate agents: The top rated real estate agents in Boston, MA are: Jacob Real Estate – specialize in Boston luxury apartments and luxury home and condo sales Key real estate group – specializes in the sale and rental of real estate in the Downtown and Greater Boston areas Andrew McKinney Real Estate […]]]>

Boston’s best real estate agents:

The top rated real estate agents in Boston, MA are:

  • Jacob Real Estate – specialize in Boston luxury apartments and luxury home and condo sales
  • Key real estate group – specializes in the sale and rental of real estate in the Downtown and Greater Boston areas
  • Andrew McKinney Real Estate – is an exclusive real estate agent with 13 years of experience in the Boston area
  • Hartley Real Estate Group – is a world-class real estate brokerage serving the greater Boston area
  • Charlesgate Property Group – a leading luxury real estate company in Boston specializing in sales, new developments and rentals

Jacob Real Estate

Jacob Real Estate is a full-service real estate company specializing in the sale and rental of homes in the greater Boston area. They are happy to be members of the largest apartment rental team in town, and their extensive real estate database contains over 132,000 listings. Their passion is to help you find your dream location, whether you are looking for apartments to rent or houses for sale. They specialize in the sale of luxury apartments as well as luxury houses and condos. Some of Boston’s most stunning luxury buildings and mansions are highlighted in their featured listings.

Their talented realtors have years of expertise in the Boston real estate market and are knowledgeable in all aspects of the business. When it comes to buying, selling or renting real estate, these representatives are experienced. They also help landlords by locating eligible tenants to fill vacant units and enabling them to use the best property management services available. The team has the knowledge and expertise to help you with any real estate needs you may have.

Products:

Real estate agent

SITE:

Address: 279 Newbury St #2, Boston, MA 02116
Call🙁617) 236-4048
Website: www.jacobrealty.com

COMMENTS:

“Nicholas Pagliarulo was very helpful and responsive during my recent search for a new apartment. He was very quick to answer any questions I had along the way, as well as arranging tours and sending videos of the apartments upon request. Overall he was a great real estate agent and got us into a new apartment in less than two weeks.” -Bianca S.

Key real estate groupBest Realtors in Boston

Key real estate group specializes in the sale and rental of real estate. Business is a complex organization that puts you, the consumer, at the center of everything it does. Their principles focus on both honesty and integrity, and they are well known and respected in the community. You will receive personalized treatment and be supported by a company respected as a customer-centric company. With every transaction, they execute multi-level marketing methods that benefit all customers.

These real estate agents have a wealth of knowledge about the areas in which they work. Your goal is to ensure that all unique customer requests are met while ensuring that the process and transactions run as smoothly as possible.

Products:

Real estate agent

SITE:

Address: 268 Newbury Street, 3rd Floor, Boston, MA 02116
Call🙁617) 279-0679
Website: www.keyrealtygroup.com

COMMENTS:

“I worked with Chris Hughes at Key Realty and highly recommend him. Chris really understood my preferences as a tenant and therefore saved me hours and hours of having to filter between available apartments. He was very focused in presenting me with units specific to my preferences, very responsive at all times of the day including weekends, and worked with me to negotiate brokerage fees with owners. He was transparent about the whole process and worked tirelessly to help me find my perfect apartment.” – Nathanael F.

Andrew McKinney Real EstateBoston Realtors

Andrew McKinney Real Estate is a one-of-a-kind real estate broker with over $250 million in transactions completed in the Boston area over the past 13 years. In Boston and surrounding cities and towns, Andrew works with buyers and sellers in all market categories. As a lawyer and holder of an MBA, Andrew has a unique blend of skills and a degree of expertise that sets him apart from other agents in the area. Andrew is a member of the National Association of Exclusive Buyer Agents, the Greater Boston Real Estate Board, the Massachusetts Association of Realtors and the National Association of REALTORS, as well as the National Association of Realtors.

Products:

Real estate agent

SITE:

Address: 37 E Concord St Unit 4, Boston, MA 02118
Call🙁617) 501-0233
Website: www.andrew-mckinney.com

COMMENTS:

“Andrew was a tremendous help in selling our property, he made the process easy for us and was always available to answer our questions. We contacted Andrew specifically for this sale as he had been our Buyer’s Broker when we originally purchased our property and had been such a great person to work with at the time. We highly recommend Andrew.” -Niall L.

Hartley Real Estate GroupGood real estate agents in Boston

Hartley Real Estate Group is a Boston-based real estate company that specializes in homes in the greater Boston area. They offer their clients an industry-leading collaboration that includes both a trusted realtor and a friend to help them navigate the process. For all clients, they attempt to make the process of navigating the real estate market as easy as possible. The Hartley Realty Group, serving Boston and the Greater Boston area since 2018, is a world-class real estate company with a personal touch.

With exceptional market expertise and friendly customer service, they strive to provide the best sales and rental experience possible. They personalize their service to each client’s needs and strive to make the process as easy as possible for them.

Products:

Real estate agent

SITE:

Addressandss: 1 Beacon Street UNIT 1500, Boston, MA 02108
Call🙁617) 918-7419
Website: www.hartleyrealtygroup.com

COMMENTS:

“Ryan’s professionalism, responsiveness and skill exceeded all expectations when helping to secure a three bedroom rental. Not only did he listen to my wants and needs, but he exceeded all expectations in finding my new apartment. He went above and beyond to help with communication between the landlord’s agent, myself, and my other two roommates. It was a pleasure to work with him and I have already referred him to colleagues and friends. I will definitely call on him for future moves. I highly recommend it.” -Dana L.

Charlesgate Property GroupOne of Boston's top real estate agents

Charlesgate Property Group is a Boston-based luxury real estate agency specializing in sales, new construction and rentals. In addition to residential and multifamily commercial real estate, Charlesgate Realty Group also provides real estate brokerage and management services to thousands of clients in Eastern Massachusetts, as well as property management and leasing services. They were established in 2003 and are headquartered in Boston, and they have strong local ties to the community.

Among the fastest growing private companies in the United States, they are on the Inc 5000 list. When it comes to finding and acquiring new real estate, investors can rely on the knowledge of their team of multi-family professionals. They also offer a variety of on-site management services to meet your individual needs. A high-quality resident experience is a goal of Charlesgate, which works in conjunction with investors.

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Acquisition of Amazon Ottawa Aligns with Crestpoint’s Global Outlook | RENX https://talktalkchina.com/acquisition-of-amazon-ottawa-aligns-with-crestpoints-global-outlook-renx/ Wed, 26 Jan 2022 17:25:35 +0000 https://talktalkchina.com/acquisition-of-amazon-ottawa-aligns-with-crestpoints-global-outlook-renx/ 222 CitiGate Dr., a 2.8 million square foot Amazon fulfillment center, has been acquired by Crestpoint Real Estate Investments and its partners. (Courtesy of Crestpoint) The acquisition of the 2.8 million square foot Amazon facility in Ottawa, the largest fulfillment center in Canada, meets several key objectives for Crestpoint Real Estate Investments Ltd., which has […]]]>

222 CitiGate Dr., a 2.8 million square foot Amazon fulfillment center, has been acquired by Crestpoint Real Estate Investments and its partners. (Courtesy of Crestpoint)

The acquisition of the 2.8 million square foot Amazon facility in Ottawa, the largest fulfillment center in Canada, meets several key objectives for Crestpoint Real Estate Investments Ltd., which has assembled an international consortium for the $494 million purchase.

Crestpoint and its partners have purchased a 90.1% share of the state-of-the-art, multi-level facility in the community of Barrhaven, a southwest suburb of Ottawa. Developer Broccolini retained the other 9.9% stake in the property, which was completed and handed over to Amazon in late 2021.

“This transaction combines our focus on the industrial market with the appeal that Canada really has in a global context for global investors,” Crestpoint executive vice president Elliott Altberg told RENX.

“It was really just an opportunity for us to buy a very stable, long-term base asset that expands our relationships with capital around the world, and an asset that is leased to a tenant on credit.

“He combines a lot of very good attributes.”

The new owners of the establishment

The new majority owners of the center, which anchors the CitiGate business park, are Crestpoint Core Plus Real Estate Strategy, Vestcor Inc., and Kiwoom Securities and Hangang Asset Management, a South Korean investment consortium.

Crestpoint is a commercial real estate investment manager with $7.5 billion in gross assets under management. The Crestpoint Core Plus Real Estate Strategy was created in 2011 as a diversified open-ended vehicle with a core-plus investment strategy available to institutional clients and high net worth investors.

Connor, Clark & ​​Lunn Financial Group Ltd. — a multi-boutique asset management firm whose affiliates collectively manage approximately $100 billion in assets for individuals, advisors and institutional investors — owns 50% of Crestpoint. Crestpoint’s senior management owns the other half.

Vestcor of Fredericton is jointly owned by the New Brunswick Public Service Pension Plan and the New Brunswick Teachers’ Pension Plan. It provides global investment management services to nine public sector client groups which represented approximately $19.4 billion in assets under management at the end of 2020.

Kiwoom Securities was founded in 2000 and is listed on the Korea Stock Exchange. It offers financial investment, management, investment marketing, investment brokerage, discretionary fiduciary investment and investment advisory services.

Hangang Asset Management is a global alternative asset management company investing in overseas infrastructure and all major real estate asset classes. Its main investors are pension funds, credit unions and insurance companies.

Amazon’s new facility

The facility itself is fully leased to Amazon on a 20-year lease. He is now paying rent, occupying the premises and finishing his fit-out, according to Altberg.

The site is 64.2 acres and the building footprint is approximately 630,000 square feet. It has 54 loading docks.

Various technological applications will allow it to process more than 100,000 parcels per day.

The property also has: 2,062 parking spaces; 107 trailer parking spaces; 250 bicycle parking spaces; 18 parking spaces for motorbikes; and 10 electric vehicle truck chargers.

In keeping his share of the facility, Broccolini is following a similar strategy to the first major fulfillment center he built for Amazon in Ottawa.

Broccolini also sold a 90% interest in that facility, a one million square foot building in the city’s east end, to Concert Properties’ CREC Commercial Fund LP upon completion in 2020.

The two facilities, along with another smaller local fulfillment center recently leased to Canadian Urban, give Amazon nearly four million square feet of fulfillment space in Ottawa.

Crestpoint continues to grow

This most recent transaction, brokered by CBRE, is the largest in a series of major transactions for Crestpoint. It has completed more than $1.9 billion in acquisitions of office, industrial, retail and multi-residential properties over the past 13 months. The acquisitions added more than 6.5 million square feet to its portfolio,

Crestpoint also added 14 new members to its team, bringing its total number of investment professionals to 32. This number is expected to continue to grow.

The company has been a very active buyer in Ottawa, including an industrial portfolio of four properties from Huntington Properties for just over $50 million late last summer as part of its aggressive industrial expansion.

“It’s a different type of purchase, given the long-term nature of the lease, credit rental and the size of the industrial facilities,” Altberg said of the acquisition. Amazon. “It fits very well with our strategy.”

Crestpoint and Vestcor have acquired a 50% interest in the four-building, 1.17 million square foot Place de Ville office complex in downtown Ottawa, paying Alberta Investment $350 million Management Corp., Brookfield Properties and CPP Investments in November.

Altberg told RENX last year that he views Ottawa as a core growth market with more attractive risk-adjusted returns than some other major Canadian cities.

Other acquisitions to come

Although Crestpoint has been active in Ottawa, it continues to seek acquisitions across the country.

“We want to continue growing in industrial space, residential space, and we’ve purchased office space in Ottawa,” Altberg said.

“We are very active and busy and there will be things to discuss, but it is best to leave these discussions until they are over.”

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Best apps for real estate agents https://talktalkchina.com/best-apps-for-real-estate-agents/ Mon, 24 Jan 2022 14:00:01 +0000 https://talktalkchina.com/best-apps-for-real-estate-agents/ If you buy something through our links, we may earn money through our affiliate partners. Learn more. Working as a real estate agent is not an easy job. You need to be responsive to minimize turnaround times to provide potential buyers, sellers, and tenants with the information they need. So it’s no surprise that successful […]]]>

If you buy something through our links, we may earn money through our affiliate partners. Learn more.

Working as a real estate agent is not an easy job. You need to be responsive to minimize turnaround times to provide potential buyers, sellers, and tenants with the information they need. So it’s no surprise that successful agents are using the best real estate apps to gain an edge over their competitors.

If you’re new to the real estate industry and not sure which apps to choose, help is here. In this article, we’ll explore the best apps for real estate agents.

Let’s dive in:



How to choose the best apps for real estate agents

Choosing the best real estate apps can be overwhelming as there are hundreds of apps out there. They’ll answer everything from what real estate agents are doing to real estate marketing suggestions. Therefore, you must first assess your needs and then begin your search.

The following pointers can help you move in the right direction:

  • Make a list of the tasks you do on a daily basis
  • Start looking for apps for these tasks
  • Refine your options
  • Compare their features and prices to make an informed decision
  • Use a free trial (if available) to evaluate apps

The best apps will not only make you more efficient, but will also make it easier to find a home. So, researching to find good apps for your real estate business is worth your time.

12 best real estate apps to download right now

Whether you want to sell commercial properties, residential properties, auction properties, or bank-owned homes, the following real estate apps can make your job easier.

1. Redfin app

Redfin is a reputable real estate company, which has rich real estate data. Redfin has created one of the best real estate apps for agents. After becoming a Redfin agent, you can start making money using the app. The company claims that its agents earn double the first salary of agents at other companies.

As a local real estate agent with Redfin, you can access their frequently updated home listings to help your clients get what they want.

The application is also suitable for buying a house. Its powerful real estate search makes it easy to check property listings. Plus, homebuyers can use its mortgage calculator to check what they can afford.

Pricing

To start making money through Redfin, you need to start working with Redfin as a Master Agent, Associate Agent, or Partner Agent. The use of the application is free.

2. Zillow Premier Agent App

This is a great app for agents. With the help of the Zillow Premier Agent app, you can quickly connect with homebuyers and have market insights and tools to find the right property faster.

The Zillow real estate app offers complete branding solutions for agents. You can create a free profile to appear on the Zillow Agent Directory. Additionally, you can link to your active listings.

Zillow Premier Agent Advertising can help you reach your target audience on the Zillow app, Trulia, StreetEasy and HotPads.

Pricing

Zillow does not specify prices on its website. You can contact them to find out more about the rates.

3. Dot Loop

Dotloop is a powerful tool that helps real estate agents complete real estate transactions quickly and efficiently.

A single platform will allow you to:

  • Edit forms
  • eSign
  • Collaborate
  • Automate compliance

Whether you’re working on an Android phone, iPhone, or desktop computer, Dotloop is here to help you complete paperless transactions faster. And you can integrate it with all the major real estate tools you might use for CRM, marketing, accounting, automation, and more.

Dootloop has tons of free resources to help you get started.

Pricing:

The Dotloop Premium costs real estate agents $29 per month.

4. Real Estate Compass

Compass is a real estate brokerage firm that boasts of having the best agents in the country on board. The company offers its agents the latest technology tools, such as Collections, Insights, Marketing Center and CRM to help them close more deals.

The company is always looking for dynamic people to join its team. You can explore the Compass Real Estate-Homes app on Google Play or App Store, depending on your mobile device, to try how this app can transform your career.

Pricing:

You need to join the company as an agent to earn money, using Compass App. There is no charge to use the app.

5.Calendly

Calendly is an easy-to-use appointment scheduling app. It helps you manage client meetings hassle-free.

With Calendly, you free yourself from back-and-forth communications. It ensures you never miss a meeting with your prospects. Customers choose a suitable time from predefined time slots. And Calendly syncs it with your calendar like an efficient personal assistant.

Pricing

Its pricing starts at $8 per user per month. A free plan is also available.

6. Adobe Scan

Adobe Scan is a document scanning application for scanning and saving documents on the go. It saves documents in PDF format as well as images.

With Adobe Scan, you can travel lighter and close deals faster. It helps you keep all important agreements, contracts, and disclosures on your phone. And you can share, email, or quickly review them as needed.

Pricing:

The app is available for free.

7. Real Estate Resource of Real Estate Agents

Realtors Property Resource (RPR) is an online database of property listings. You can use it to find and access property details whether it is a residential or commercial property.

It makes it easy for clients to find properties, perform comparative market analysis, and find home value estimates. With up-to-date property and neighborhood data, Realtors Property Resource benefits you whether you are prospecting, listing or closing.

Pricing:

Members of the National Association of Realtors (NAR) can use this app for free.

8. Homesnap

Homesnap is a collaboration tool for real estate agents. It also helps in lead generation by qualifying prospects.

It is a comprehensive tool for finding residential properties for sale and taking photos with all relevant information. And you can immediately contact potential customers with its integrated messaging. Plus, Homesnap can even help you get real-time updates on new listings, price changes, or queries in your favorite area.

Pricing:

Homesnap Pro is free for agents of MLS partners (multi-listing services). And Homesnap Pro+ costs $599 per year.

9. LoopNet

The LoopNet Marketplace is for listing commercial properties. And unlike other real estate mobile apps, LoopNet is ideal for agents who only deal with commercial spaces.

LoopNet provides detailed investment property data and metrics to make informed decisions. With professional photography and cinematic video tours, you can see every nook and cranny of the listings.

Pricing:

It offers custom paid plans as well as a free tier.

10. Contact IXACT

The IXACT Contact CRM application is designed for the real estate industry. He can handle the business of residential and commercial real estate agents.

It helps you manage your entire team and business from one place. With IXACT Contact, you can nurture leads, automate social media posts, and host open houses and client meetings effortlessly.

Pricing:

Its pricing starts at $38 per month with a five-week free trial.

11. Palm Agent ONE

The PalmAgent ONE mobile app brings real estate to your palm. You can use it to calculate closing costs by referring to local real estate market data.

Armed with various calculators, PalmAgent ONE saves you hours spent estimating property tax, insurance and other costs. It also presents all the information with detailed photos and user-friendly graphics. And you can share them on social media and engage new prospects.

Pricing:

Its price starts at $9.99 per month (with a 30-day trial). A free version is also available.

12. DocuSign for Realtors

DocuSign for Realtors is a tool for signing agreements and contracts with clients remotely. And it integrates well with many popular online tools.

It provides secure access to documents for the entire team. And with the ease of getting digital signatures from anywhere, anytime, DocuSign for Realtors speeds up your work. DocuSign helps transactions move forward securely and reliably.

Pricing:

Its pricing starts at $8 per month for NAR members.

What is the best real estate app?

Choosing the best real estate app solely depends on your purpose. If you are just starting out, Compass real estate may be a good option. For experienced agents, the Zillow Premier Agent app may be well suited. If you are looking for the best app for productivity, DotLoop can be your choice.

Image: Depositphotos


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Self-storage continues to soar in 2022 https://talktalkchina.com/self-storage-continues-to-soar-in-2022/ Tue, 18 Jan 2022 18:01:45 +0000 https://talktalkchina.com/self-storage-continues-to-soar-in-2022/ Rob Consalvo While the past two years have been extremely disruptive for so many industries and businesses, self-storage has seen tremendous growth. While industry numbers plummeted in the first half of 2020 in the early months of the pandemic, the upward trajectory since has broken records. Both occupancy and rental rates are at record highs. […]]]>

Rob Consalvo

While the past two years have been extremely disruptive for so many industries and businesses, self-storage has seen tremendous growth. While industry numbers plummeted in the first half of 2020 in the early months of the pandemic, the upward trajectory since has broken records. Both occupancy and rental rates are at record highs.

Given this rapid growth, it is reasonable to take a closer look at the sustainability of these trends, which have shaped the evolution of the industry, and what self storage professionals and investors should expect in 2022 and beyond. What follows is a review of some of the major structural trends in the industry and a preview of what the new year may hold for the self storage industry.

rising tide

Soaring occupancy and rental rates have driven growth over the past 12 to 18 months. This trend, which persisted in several markets, began to be felt in the second quarter of 2020 and took off in the third quarter. Much digital and literal ink has been spilled pontificating on the underlying reasons for this increase, from residential and commercial customers seeking additional space rather than making big real estate decisions in uncertain times, to a population of remote workers looking to organize and empty their home offices.

The broader macroeconomic and inflationary cycle obviously also played a role. The reality is that there is no single answer: growth has continued for a variety of reasons. We can confidently say that the growth trend has continued, with rapid rentals on new projects. With the worst days of the pandemic hopefully in the rearview mirror, self-storage tenants have had the time and perspective to get a better sense of their space and needs, and most temporary tenants have probably cycled. This gives reason to be optimistic that the overall positive growth trend is likely to continue at least into the heart of 2022.

Technical, please

As industry professionals will readily admit, self-storage has traditionally been somewhat behind when it comes to adopting and embracing new technologies. Given this history, it is pleasing to see that one of the factors that has recently contributed to the growth and evolution of the industry is significant new investments in technology solutions and infrastructure. The level of investment in new technologies and convenient new platforms and systems has played a significant role in the history of self-storage over the past 18-24 months.

Fueled at least in part by consumer preference for contactless rentals and the ability to rent and access space without human interaction, a range of solutions including self-service kiosks, call centers, websites and applications has emerged to meet these needs (as well as innovative and efficient digital access and security solutions). Some of the industry’s largest REITs have recognized the value of new technologies, and a handful of leading third-party service providers have stepped up to offer proven solutions. The big picture is that owners, operators and investors have recognized that technology is not a gimmick; it’s a differentiating value that can deliver a big leap forward in convenience and service, and ultimately can give a significant boost to the performance of self-service storage assets.

Reduced staffing

With advances in technology and automation, along with concurrent and continuing increases in labor costs, the self-storage industry is finding ways to operate more efficiently and with fewer staff. on the spot. In light of a robust job market and wages that are inflating the fastest in decades, it’s reasonable to expect this trend to continue, especially as owners and investors pay attention increased to lower operating expenses and higher net operating income. The good news is that these cost pressures are prompting many self-storage owners and operators to become more efficient and invest more in convenient and popular technologies and self-service platforms that tenants are increasingly looking for. .

Third-party management

Third-party management solutions continue to grow in popularity in the self-service storage space, with more owners recognizing the value of a third-party management partner. While every third-party partnership should be the result of a thoughtful review and evaluation process, the right third-party manager can add a lot of value to a self-storage facility. Third-party management professionals often have more resources and experience and can leverage those resources and their expertise to introduce new efficiencies, technologies, and services, ultimately resulting in a more profitable bottom line .

Aggregation, Acceleration

Self-storage has once again proven to be recession-proof, avoiding some of the biggest hits as retail, hotel, student housing and some multi-family investments have been hammered into the depths of 2020. The rising performance of this asset class, coming on after more than three decades of steady growth, has generated considerable interest in private and public market investments. This positive performance and increased investment interest has also led to greater aggregation as a handful of big names acquire smaller independent owners and operators in the industry.

Going forward, the ready availability of capital and near-industry-wide increases in occupancy and rental rate growth will continue to fuel investment and growth in the sector. The result is an industry underpinned by strong performance, invigorated by additional investment and the integration of sophisticated new technologies, positioning it for further growth for the foreseeable future. Occupying a specialized niche in one of the hottest segments of commercial real estate, self-storage looks set to continue to thrive.


Rob Consalvo, President and COO of Store Space, is a seasoned executive with nearly 20 years of operational and infrastructure development expertise, managing multi-state self-storage portfolios. Prior to founding Store Space in 2017, Consalvo was President and CTO of Storage Rentals of America and before that he was a key player in iStorage before its $700 million sale to National Storage Affiliates.

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Recovery and growth of commercial and residential real estate in 2022 | RENX https://talktalkchina.com/recovery-and-growth-of-commercial-and-residential-real-estate-in-2022-renx/ Tue, 18 Jan 2022 12:47:45 +0000 https://talktalkchina.com/recovery-and-growth-of-commercial-and-residential-real-estate-in-2022-renx/ North American real estate markets have soared throughout 2021, fueled in large part by governments’ pandemic-related monetary and fiscal stimulus. Other factors that have increased demand across all asset classes include pent-up consumer demand, migration, a return to pre-pandemic immigration levels (especially in Canada), vaccination levels that have allowed reopening in states and provinces (although […]]]>

North American real estate markets have soared throughout 2021, fueled in large part by governments’ pandemic-related monetary and fiscal stimulus. Other factors that have increased demand across all asset classes include pent-up consumer demand, migration, a return to pre-pandemic immigration levels (especially in Canada), vaccination levels that have allowed reopening in states and provinces (although at very different paces). and in some regions temporarily) and economic growth.

Overall stabilization of the sector

Overall, investment performance has been strong in 2021, particularly for industrial and multi-family residential rental properties in North America. With these asset classes now priced higher, and office and retail vacancy levels beginning to stabilize, as restrictions ease in the United States and Canada, investor demand for offices and retail has resumed. In the fourth quarter, office rental prices pushed up. We expect this trend to continue in 2022 as the economic situation continues to improve and tenants return to the office.

Multifamily and industrial properties are expected to continue to outperform offices and retail in 2022, however, the demand delta between the two different sets of asset classes is expected to narrow. Improved investor confidence is evident as private investors retreated last year, increasing the volume of commercial real estate investment year-to-date (through September 2021) by around 12% from 2019 levels. According to CRBE’s Canadian Investment Overview, the multi-family and industrial sectors were the most active in 2021 with investment volumes of $4.4. billion.

Residential resilience

We are not seeing any slowdown in residential real estate markets in North America. We see people returning to city life and office work schedules, but are not necessarily where they started.

Migration during the pandemic has accelerated trends, particularly in the United States, toward warmer climates that offer business-friendly environments and low taxation. States where Trez Capital is active, including but not limited to; Texas, Arizona, Colorado, Utah, Florida, South Carolina and Georgia account for 68.5% of projected net population growth in the United States from 2021 to 2026.

In Canada, a combination of increased immigration, which saw 401,000 new permanent residents in 2021 (surpassing the 1913 record as reported by the Government of Canada), and the flexibility of working from home, has fueled a strong residential demand in primary and secondary urban centres. markets. Immigration will continue to support demand with 411,000 and 421,000 immigrants expected in 2022 and 2023, respectively.

2022 will be another strong year for housing across Canada based on the performance of 2021 which saw housing markets across the country surpass historic investment levels. Toronto, Montreal and Vancouver recorded investment volumes of $7 billion, $2.8 billion and $2.6 billion – record totals.

Recently, Trez Capital provided a $48 million construction loan for a condominium development in downtown Toronto. The loan supports the construction of a four-story building totaling over 57,000 square feet, with 36 units.

Trez Capital also provided a $38 million revolving line for the acquisition, renovation and stabilization of duplexes, triplexes, quadplexes and townhouses in various municipalities across Southern Ontario, creating a park essential rental. Both loans underscore Trez Capital’s strategic approach to development in Eastern Canada, which targets both primary and secondary markets experiencing strong population growth.

Likewise, some smaller markets like Victoria, BC have seen a disproportionate rise in rental prices (Victoria is now perhaps the most expensive city in the country to rent according to liv.rent). This is likely related to the pandemic and the ability to work remotely. Provincially, Alberta and Saskatchewan are expected to lead the country in economic growth in 2022, and Trez Capital expects to be active in all of these markets.

Operating from our offices in Vancouver and Toronto, Trez Capital’s experienced loan origination team is well positioned to serve the Canadian market. The team, combined, has over 90 years of experience in credit, banking and commercial real estate.

Commercial Real Estate Outlook

Growing communities depend on different types of commercial real estate categories. Sectors that will continue to see growth in 2022 are storage, retail (of goods and services), hospitality and manufacturing. By fall 2021, unemployment had rebounded to near pre-pandemic levels, showing positive signs that as restrictions ease, the economy will respond and demand for real estate space business will increase.

We continue to see projects in the planning and land acquisition phase and expect industrial and logistics demand to strengthen. Overall, our team seeks projects across all asset classes with strong fundamentals and borrowers with consistent track records to deliver the best projects.

The Bank of Canada is expected to raise interest rates in the first half of 2022 to ease inflationary pressures, although ongoing pandemic restrictions may factor into the timing and amount of the increase(s). The Bank of England and National Australia Bank raised rates in December 2021, a sign of what’s to come for Canada. Developers will need to test their pro formas and financing cost assumptions for the coming year, although increased revenue (whether upward pressure on rental rates or a increase in sales prices) should offset part of the financing costs, with capitalization rates expected to remain stable in most cases. markets.

Respond to market demands

The Canadian economy is expected to rebound in 2022, providing a much-needed correction to the effects of the pandemic. The team continues to seek projects with solid fundamentals.

Capital of Trez has exceeded $4 billion in assets under management and has funded over 1,600 transactions totaling over $13.5 billion CAD since its inception. About half of loans since 2009 have been to repeat borrowers and Trez Capital’s first borrower and first investor still does business with us today.

For more information please contact:

Eric Horie, Senior Managing Director, Head of Origination, Canada

[email protected]

604-647-3422

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