Central Suites UK’s Post

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-As the flight-to-quality phenomenon takes hold nationwide, top-tier tenants within the Philadelphia CBD may start to see their options limiting despite a record-breaking total availability rate of 24.5%.  -Large blocks of space, those equaling over 20,000 contiguous square feet, represent an average full floor plate for many buildings downtown. Premium space users are typically seeking floors not only in high-quality buildings, but also above the 25th floor to capture unobstructed views of the surrounding city. -Full-floor availability on or above the 25th floor comprises of just 23.4% of all large block availability within Trophy and Class A buildings in the CBD. When considering Trophy only, this number shrinks over half to 10.5% or roughly 14 floors. -As some of the city’s larger players near upcoming lease expirations, landlord’s ability to combine smaller availabilities into large blocks closer to the top of the footprint will work to their advantage in a market of tighter premium availability.  

CO-RE and Aviva Investors have put plans to develop a major new tower at 130 Fenchurch Street out to public consultation. Initial proposals for the WilkinsonEyre-designed scheme include a 31-storey tower of about 500,000 sq. ft to replace the existing vacant scheme. Ben Littman, head of development, real estate, at Aviva Investors, said: 'Fenchurch Street is such a dynamic area in the City of London and arguably the epicentre of development activity in the capital". https://bit.ly/3DbhRjJ #PrivateMarkets #RealEstate #London

INVESTMENT OPPORTUNITY ALERT!  These three 20-unit side-by-side yellow brick flexicore buildings have been cherished by only three owners since 1972.  Meticulously maintained while nestled in a picturesque residential area, each unit boasts balconies and convenient off-street parking.  This opens up an exciting chance to acquire modern apartments with substantial upside rent potential.  Experienced investors, this is your golden ticket to wealth-building!  Don’t miss out on this exceptional investment opportunity! Give us a call or text (708) 934-9138 today!   -With  James Mattz #RealEstateInvestment   #WealthBuilding #PropertyOpportunity See less

I have frequent debates on this topic, with my think tank group and there seems to be serious confusion regarding large commercial assets and the "Loss" trade price. This is the 1st wave of a commercial correction, which is long overdue. Bad debt has been a shell game for a very long time. The Fed's came up with a plan to allow the reclassification of bad debt on bank balance sheets to mitigate a repeat of our last RE crash. Bank insolvency is extremely disruptive to our economy due to the amount of speculation surrounding bank failures, so the Feds created a backstop solution to keep the value of the dollar afloat. Unlike the crash in 2008, banks are now incentivized to rewrite bad debt so that the financial balance of any single sector is not disrupted too abruptly. I assume that "you" have experienced how different the creditor collection practices have become in today's environment. When you fall behind on a debt obligation, the bank now eagerly calls you with a solution! Creditors welcome a workout or forbearance because the government provides massive subsidies and incentives for delaying paper from being reclassified. Without the manipulation of the timing at which bad paper hits the market, the severe disruption in economic stability would have been unmanageable. I'm not a conspiracy theorist whatsoever and I am not trying to say that our government is out to get us by manipulating our banking system with ill intent. The opposite is my case in point. The government is manipulating the economy through bank debt, in an effort to reduce the fallout from the Covid shutdown. It takes a very long time to recover from that type of world disruption without manipulation. Every sector of every economy within every country was affected negatively, in a very short period. Think about it! Neither the governing world powers, nor the World Bank was experienced enough or prepared well enough to handle a biological disruption of this magnitude. They need to quit pretending that they have it all figured out, because they don't and we shouldn't expect them to. This was unchartered territory and everyone should be working together to figure "this" out for human survival. Don't panic when buildings of this size trade for "yesterday's" values. The more that trade, the closer we are to realizing true organic stabilization.

Philadelphia, PA - LEM Capital, L.P. (“LEM”) has acquired The Fairmont (the “Property”), a 192-unit multifamily community located in Woodland, CA. LEM plans to execute a comprehensive value-add business plan that will improve the Property’s exteriors, expand and modernize the amenity set, and improve the existing unit interior finishes, including the addition of washer and dryer connections in every apartment. The Property was acquired in partnership with a repeat, West Coast based operating partner. “We are very excited to acquire this off-market opportunity,” said Kevin Weidman, a Director at LEM. “The Property offers a mix of operational and physical upside in a desirable, supply constrained submarket”. Read the full press release here: https://ow.ly/jmyk50UjYBi #LEMCapital #Valueadd #Multifamily #cre #TheFairmont

Philadelphia, PA - LEM Capital, L.P. (“LEM”) has acquired The Fairmont (the “Property”), a 192-unit multifamily community located in Woodland, CA. LEM plans to execute a comprehensive value-add business plan that will improve the Property’s exteriors, expand and modernize the amenity set, and improve the existing unit interior finishes, including the addition of washer and dryer connections in every apartment. The Property was acquired in partnership with a repeat, West Coast based operating partner. “We are very excited to acquire this off-market opportunity,” said Kevin Weidman, a Director at LEM. “The Property offers a mix of operational and physical upside in a desirable, supply constrained submarket”. Read the full press release here: https://ow.ly/jmyk50UjYBi #LEMCapital #Valueadd #Multifamily #cre #TheFairmont

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Project Starting Soon HMO 4- Selly Oak 📍 I am about to start an exciting project, turning this 4-bed shared house into a luxury 6 bed shared house in the heart of Selly Oak, Birmingham. This will be my second project on the same street. Thoughtfully designed for modern living, this property will feature premium finishes and a focus on creating a next level shared house for students to enhance their living experiance. Investing in value-add projects like this is how I deliver strong returns and long-term growth. Stay tuned for updates as I bring this vision to life! ⭐️If you are an investor and are interested in learning more about what I do, and in particular the figures expected to be achieved on this project, drop me a message with the word, B29' to recieve my one-page Company Executive Summary. 🔗Visit my business's website for the latest updates and project alerts - www.milliardhomes.co.uk #propertydevelopment #hmorenovation #realestateInvesting #valueaddproject #comingsoon #transformingspaces #ukproperty #invest #investors #returnoninvestment #coliving #propertybusiness

Jan Alan Lewis moderated the panel "An Evaluation of the Office Market & The Value of Tenant Improvements" at Mid Atlantic Real Estate Journal (MAREJ)’s 10th Annual NJ Office & Industrial Real Estate & Development Conference. This session discussed office market updates and highlighted the future trends of tenant improvements. #MAREJ #RealEstate #OfficeLeasing #Tenants #Landlords #MarketUpdates #ColeSchotz