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 …

Converting Existing Buildings To Self-Storage Facilities

Self-storage facilities continue to be popular and in demand in many locations across the country, but finding the right place to build one can sometimes be tricky. In many market areas, rather than constructing a new facility, converting an existing building for self-storage is a great alternative. For example, an underutilized warehouse building may make a lot of sense for …

Outsourcing Self-Storage Management

Outsourcing Self Management: Finding Your Comfort Level for Optimal Success The operating systems, marketing campaigns, sales programs and performance reporting come pre-installed. Outsourcing Self-Storage Management: Finding Your Comfort Level for Optimal Success – Inside Self-Storage

Multi-Story Case Study: Tri-Village Self Storage in Columbus, OH

As self-storage continues to permeate infill markets, many developers are designing multi-story properties to take advantage of small building footprints. Multi-Story Case Study: Tri-Village Self Storage in Columbus, OH thumbnail courtesy of insideselfstorage.com

Public Storage leads self-storage names lower following Irma – Seeking Alpha

Finance News Daily Public Storage leads self-storage names lower following Irma All of Public Storage’s (PSA -2.5%) Florida properties (284), and nine in So. Carolina and Georgia are temporarily closed while Irma blows through. The impact to them from the storm is not yet known. Public Storage leads self-storage names lower following Irma – Seeking Alpha thumbnail courtesy of seekingalpha.com

Commercial Investment Group Creates Business Funding Division

get-funding-for-business-banks

September 1, 2017 Commercial Investment Group LLC announces the formation of its Business Funding Division. CIG is exclusive partners with leading business lenders offering invoice financing, equipment funding, purchase order financing, government contracts funding and merchant account funding. In addition, CIG is able to offer commercial real estate funding via its network of preferred lenders. CIG’s “working capital solutions” offer …

Small Multifamily Loans Get a Big Boost from Agency Lending

Sponsored by Freddie Mac Multifamily Financing for small apartment properties with 5 to 50 units reached a record-breaking $47.6 billion last year and growth is ongoing, according to Chandon Economics. As part of that trend, more property investors are converting to agency loans to finance their deals. What’s driving this trend? Credit Shift Bank regulation and rising rates have reduced …

Top Five Cybersecurity Threats to Real Estate Businesses

Gregory Stein | Aug 30, 2017 nreionline.com The days of hackers targeting only retailers are long gone. With attacks that can misdirect wire transfers and hold computer systems hostage, hackers can successfully target any industry, particularly those that are behind the curve for cybersecurity. That applies to real estate. According to a recent report prepared by KPMG, 50 percent of surveyed …

Interest Rates Drop on Loans for Apartment Properties

Bendix Anderson | Aug 29, 2017 Via nreionline.com Interest rates were supposed to increase this year. But for borrowers on apartment properties, they are dropping. “The interest rate outlook has changed dramatically,” says Justin Bakst, director of capital markets for real estate research firm CoStar. Interest rates for permanent loans on most types of multifamily properties have fallen 20 to 30 …

Real Estate Crowdfunding Platforms Work to Find a Niche

While commercial real estate crowdfunding firms haven’t disrupted the market, the top players have worked to continue to raise capital and find ways to make their bets. There are some situations where there are gap equity requirements that are well-suited for crowdfunding, for example. Crowdfunding might be a viable alternative for a property with a maturing legacy CMBS loan that …