Scentre Group

Cision PR Newswire | February 18, 2020

Crocker Partners announced the sale of Maitland Lakes, a 174,000 square foot mid-rise office building, to Brightman-Gil Real Estate Investments for more than $28 million. Crocker acquired the asset in 2014 for $14.8 million, increasing price per foot by almost 90% with the sale and setting a high-water mark for an office asset of this vintage. CBRE's Ron Rogg represented Crocker in the transaction. We repositioned Maitland Lakes through a combination of amenities and cosmetic improveme...

Real Estate Technology, Real Estate Investment

ICSC | February 15, 2023

On February 14, 2023, ICSC, the member organization for industry advancement, announced its participation in an industry-wide alliance, The Commercial Real Estate Diverse Supplier (CREDS) Consortium, to foster supplier diversity in the real estate industry. CREDS, comprised of seven real estate trade associations, aims to accommodate the rising demand from real estate firms for increased supply chain diversity and promotes the use of services provided by Minority and Women-owned Business E...

Market Outlook, Real Estate Technology

MRI Software | February 27, 2023

One of the leading software solutions in real estate, MRI Software, announced it completed the acquisition of the $93.4 million stock of PropTech Group. The Foreign Investment Review Board (FIRB), Australian Competition and Consumer Commission (ACCC), and Federal Court of Australia approved the highly anticipated transaction, first announced last year. Australia's property technology (PropTech) industry has experienced extraordinary growth in recent years due to an influx of...

Real Estate Technology

CRED iQ | September 24, 2021

CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities today announced the launch of its property comps tool. The tool compares a subject's appraised value, rent, expenses, occupancy, cap rate, interest rate, as well as several other property and loan characteristics against its competitive set and the overall market. Developed using a proprietary algorithm, the software selects similar properties from CRED iQ...