This MSA is leading in real estate appreciation

Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author’s alone. This week, the second quarter 2018 VeroFORECAST report is being released. The report, which analyzes data from 354 Metropolitan Statistical Areas, covers the single-family residences, condominiums and townhouses occupied for 82% of the U.S. population. That is a 3% increase in MSAs over the …

March Real Estate Dividend Stocks To Look Out For

The real estate sector performs relatively in-line with the wider economy. Prosperous periods bring about high growth and inflation, leading to strong returns in real estate investments. These factors drive the profitability and cash flows of real estate companies, which in turn steer the dividend payout and yield for investors. During economic growth, these companies provide an opportune time to …

Spartanburg developer looking to capitalize on Charleston area industrial boom

An Upstate firm wants to build one of the Charleston region’s largest distribution centers to capitalize on the industrial growth spreading along the Interstate 26 corridor in Berkeley County. Johnson Development Associates would build the 829,000-square-foot building on a nearly 91-acre site along Old Dairy Road in Jedburg, on the eastbound side of I-26 near the Charleston Trade Center and …

Charleston Digital Corridor says it’s finally ready to move ahead on new tech space

Much of the hype around Charleston’s startup scene has focused for years on a parking lot on the east side of town. The city has long planned to replace rows of cracking concrete on Morrison Drive with a sleek office building for its nascent technology sector. The plan was to plant a flag in the upper reaches of the peninsula, …

How Charleston Has Become a World-class Culinary Capital

Forget the city of old, or even five years ago. A new wave of restaurateurs, designers, and hoteliers have put the jewel of the Lowcountry on the global stage. When I was considering a move to Charleston to edit a new magazine called Garden & Gun in the summer of 2007, my wife and I went to McCrady’s restaurant, just …

Self Storage Firm SmartStop Asset Management Expands Into Student Housing

Update 1/25/18 – SmartStop has expanded its student-housing footprint, acquiring three properties between June 2017 and January 2018. It also has an agreement to purchase three senior-housing facilities in Utah for $78.5 million. The assisted-living properties and two of the student-housing transactions are tied to the Strategic Student & Senior Housing Trust Inc. (SSSHT), a non-traded REIT sponsored by SmartStop. …

TD Self Storage Proposes Mixed Use Project for Greenville SC

TD Self Storage Enterprise LLC, a development and acquisition venture launched last year by JHM Hotels, is pursuing a mixed-use project in the West End historical district of Greenville, S.C. The four-story facility would be built on a nearly 1-acre lot at the corner of Oneal and Rhett Streets, which currently houses a Piedmont Electrical Distributors warehouse. It would include …

The Amazon effect: Industrial real estate firm scoops up warehouse

The owner of a large East Coast portfolio of warehouse buildings just increased the size of its holdings in the city. A few months after buying three warehouses in East New York, Seagis Property Group has acquired a roughly 80,000-square-foot, single-story industrial building in Maspeth, Queens. The real estate investment firm, which also owns 42 warehouse buildings near John F. …

Avoid These Four Common Commercial Real Estate Investing Mistakes

Buying and managing investment property — be it houses, multifamily units or commercial real estate — is hard work. Owners must choose between paying to outsource and handling everything themselves. The latter can range from finding financing and performing maintenance to resolving emergencies and legal problems. All these tasks extract a price in terms of time, aggravation and mistakes for …

Bitcoin-like cryptocurrency used to buy home

After a lot of red tape, a recent college graduate used cryptocurrency assets to buy a home, though everyone from the mortgage company to tax collectors needs to be paid in regular U.S. dollars. In what is believed to be a first for Seattle-area real estate, a young investor has used bitcoinlike cryptocurrency to buy a house in Tukwila. The …

Partnervest Advisory Services LLC Raises Stake in iShares US Real Estate ETF (NYSEARCA:IYR)

Posted by Stefani Robinson on Dec 11th, 2017 Partnervest Advisory Services LLC increased its position in iShares US Real Estate ETF (NYSEARCA:IYR) by 62.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,141 shares of the real estate investment trust’s stock after purchasing an additional 1,597 shares during the period. Partnervest …