Department Stores Have One Thing Left to Sell: Real Estate

Via racked.com In 1914, legacy department store Lord & Taylor opened a giant flagship on Fifth Avenue. The building was the work of celebrated interior design firm Starrett & Van Vleck and featured a men’s-only entrance, three dining rooms, and an equestrian section equipped with a mechanical horse on which shoppers could test the merchandise. The extravagance of the New …

Wood Construction Gains Ground in U.S. Commercial Buildings

nreionline.com Mary Diduch | Nov 01, 2017 Wood has been a staple in building single-family homes and apartment complexes of up to 85 feet in height for decades. But the developer of one mixed-use building in Portland, Ore. is looking to change that as part of a burgeoning trend among developers and designers across the U.S. to bring the use …

Charleston County marks record year for economic development

Via postandcourier.com Steve Dykes wasn’t entirely sold on the idea in the beginning, but Charleston County’s economic development director admits he’s grown fond of the ringing sound he hears with each new industrial announcement. About a year ago, his staffers installed a brass bell in the lobby of the group’s North Charleston headquarters. It rings every time a new manufacturer …

South Carolina Multi Family to level off in 2018

Via postandcourier.com From the history-steeped streets of Charleston to the state’s center of government in downtown Columbia and the growing Grand Strand around Myrtle Beach, building frames continue to rise to meet the growing demand of apartment-dwellers across South Carolina. Like the rest of the real estate industry, the multifamily market is booming — in some areas more than others, but …

By How Much Should You Raise Your Apartment Rents?

Bendix Anderson | Oct 24, 2017  Via nreionline.com How high can landlords raise the rents at their apartment properties before they begin to lose tenants? In the current market, many markets have very few apartment vacancies, and face little competition. That would usually be a sign to raise rents. But many renters have already been pushed to the limit financially. Another …

Investors Maintain Healthy Appetite For B-Piece CMBS

Beth Mattson-Teig | Oct 25, 2017 New CMBS risk-retention rules that went into effect late last year have not put a damper on B-piece buying. That continued liquidity for the riskiest tranche of CMBS loan pools is good news for borrowers as it helps maintain steady issuance across the broader CMBS market. However, it is not completely business as usual. …

2-story office building planned off Coleman Boulevard

Via charlestonbusiness.com Developer Lat Purser & Associates Inc. will begin construction this week on a two-story, 14,871-square-foot office building off Coleman Boulevard in Mount Pleasant. Consolidated Planning Inc., a financial planning firm that is also an investor in the project, will be the anchor tenant, occupying 10,400 square feet of the building at 1034 Lansing Drive, according to a news …

Ziff Properties bought one storage business and sold another

Via postandcourier.com Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise. Mount Pleasant-based Ziff Properties recently bought one storage business and sold another one. The company acquired Taylors Storage, a 43,000-square-foot facility and the business on 12 acres in Taylors near Greenville for $3.5 million. Ziff plans to renovate and expand the facility, which currently contains only climate-controlled …

J.C. Penney store at Citadel Mall to be redeveloped – MUSC Outpatient Center

Via postandcourier.com Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise. Where once people shopped for clothes and household items, they will soon be able to get stitched up. The Medical University of South Carolina has leased the former J.C. Penney department store at Citadel Mall for $16 per square foot, or just over $2 million a year, …

First Bitcoin-Only Real Estate Transaction Completed in Texas

In Texas, buyer and seller come to terms for a home sale in Bitcoin. Use cases for Bitcoin have been popping up everywhere, with new ‘Accepts Bitcoin’ signs on everything from coffee carts to retail stores in South Africa. These adoption cases are important as the continued use of Bitcoin will only increase the adoption and price cycle, commonly referred to as …

How Real Estate Investors are Navigating a “Fully Priced” Market

For an in-depth understanding of the challenges and opportunities the industry is facing right now, NREI spoke with Rick Chichester, president and CEO of Faris Lee Investments. How Real Estate Investors are Navigating a “Fully Priced” Market thumbnail courtesy of nreionline.com.

Is Marketplace Lending a Safer Investment Than the Stock Market? – National Real Estate Investor

Is Marketplace Lending a Safer Investment Than the Stock Market?The investments run the gamut and include real estate deals, secured business loans, student loans and more. Marketplace . Prior to funding an asset or loan opportunity, investors typically will evaluate and consider cost, liquidity and risk. Is Marketplace Lending a Safer Investment Than the Stock Market? – National Real Estate …