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 …

America’s Largest Real Estate Development Takes Shape

Via fastcodesign.com   Related Companies’ redevelopment of Hudson Yards, which will transform it from an industrial zone to an entirely new neighborhood on Manhattan’s West Side, is an ambitious project. “No one has ever built anything like this,” said CEO Jeff Blau during a panel discussion at Fast Company’s Innovation Festival. “This is the largest real estate development ever done.” Well, at …

Can Outlet Centers Avoid the Worst of the U.S. Retail Fallout?

Via nreionline.com John Egan | Oct 30, 2017 Wall Street has walloped the retail industry during the much-hyped “retail apocalypse,” and the country’s two biggest operators of outlet centers—Simon Property Group and Tanger Factory Outlet Centers—have not been spared. This September and October, Tanger’s stock price was hovering at or around a five-year low of $23 to $25 per share. …

Lennar to become biggest homebuilder in U.S.

Via miamiherald.com By Rene Rodriguez rrodriguez@miamiherald.com The Miami-based Lennar Corp., the second-largest home construction company in the U.S., is set to take over the No. 1 spot. Lennar is acquiring Virginia-based CalAtlantic Group, it said Monday. The $9.3 billion deal — announced as a merger, though Lennar management would take the lead — would give the combined company a top-three …

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 …

Bee Safe Plans Downtown Self Storage Facilities in Charlotte and Winston Salem NC

Via insideselfstorage.com Bee Safe Storage and Wine Cellar, a Greensboro, N.C.-based self-storage operator with five locations in the state, is planning two new facilities in Charlotte and Winston-Salem, N.C., its first in downtown markets. The Charlotte project has caused some controversy due to its proximity to a light-rail station, while the other is slated to be built across from a …

Merit Hill Capital Buys 6 Property Compass Self Storage Portfolio in Memphis TN

Via insideselfstorage.com Merit Hill Capital LP, an investment firm launched late last year to pursue self-storage acquisitions and development opportunities, has purchased a six-property Compass Self Storage portfolio from the Amsdell Cos. The facilities serve the Memphis, Tenn., metro area, with three in Tennessee and three just over the Mississippi border. Together, the properties comprise 337,846 square feet in 2,391 …

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 …