5 predictions for local real estate in 2020

Business Journal | January 02, 2020

The new year is here, and with just about every economic indicator running strong, it looks to be another momentous one for local commercial real estate. After our own on-the-curve grading of 2019 predictions left us with a D on a grade basis, there’s plenty of room to do better at looking ahead. So, let’s give it a shot. Take a look around that expanse north of downtown Sacramento these days, and it’s like watching roadies set up for the main band to take the stage. New roads, underground work and grading all set the stage for as many as five projects, including a Major League Soccer stadium, to kick off in 2020. This train is ready to leave the station.

Spotlight

Colliers International announces the acquisition of Hatton Real Estate, one of London’s leading commercial property specialists, with 11 professionals. Concentrated in the “City Fringe” area of Central London, the new addition further strengthens the investment and office agency practice of Colliers International. Founded in 2010, Hatton Real Estate has fast become the leading property adviser in the rapidly evolving City Fringe market, or Tech City, which is seen as the epicentre of the UK's digital economy.

Spotlight

Colliers International announces the acquisition of Hatton Real Estate, one of London’s leading commercial property specialists, with 11 professionals. Concentrated in the “City Fringe” area of Central London, the new addition further strengthens the investment and office agency practice of Colliers International. Founded in 2010, Hatton Real Estate has fast become the leading property adviser in the rapidly evolving City Fringe market, or Tech City, which is seen as the epicentre of the UK's digital economy.

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MARKET OUTLOOK,REAL ESTATE INVESTMENT

Simon® and Jamestown Announce Closing of Strategic Partnership

Simon and Jamestown | December 20, 2022

Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, and Jamestown, a global real estate investment and management firm, today announced the completion of their previously announced strategic partnership. Simon expects its 50 percent interest in this best-in-class, global real estate investment and asset management firm to be accretive to earnings. About Simon Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. About Jamestown Jamestown is a global, design-focused real estate investment and management firm with a 39-year track record and mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions totaling approximately $40 billion. As of September 30, 2022, Jamestown has assets under management of $13.2 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam.

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BROKERAGE,AGENT

Mosaic and Atlantic Jasper Building First Build-to-Rent Neighborhood in Northern Arizona Master Planned Community

Mosaic | December 15, 2022

Mosaic, the nation’s leading institutional-grade general contractor, has broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master planned community in Prescott Valley, Arizona. Atlantic Jasper, developer of The Flats, has partnered with Mosaic to build the 26.1-acre site, which will include 240 horizontal apartment-style build-to-rent units. The project is expected to benefit from the strong housing market in the Prescott area, providing a much needed transitional product type for out-of-town demand, which makes up a large portion of the population. “We approached the development of the Flats at Jasper with a long-term investment horizon in mind, The units feature luxury fixtures and details, a first-class clubhouse, and other amenities designed to provide a competitive advantage in the Prescott market. Mosaic’s previous on-site experience and established area trade partners made them the ideal general contractor to deliver high-quality homes and amenities for the Flats at Jasper.” -David Brown, co-manager of Atlantic Jasper This unique BTR community will offer numerous amenities, including a state-of-the-art 5,000 square foot clubhouse with a 24-hour workout facility and meeting spaces, pool, hot hub, spa, dog park and dog wash facilities, along with open spaces and grilling stations throughout the community. Mosaic has previously partnered with other regional home builders on the Jasper clean-energy community and seeks to build on this success with a new partner, Atlantic Jasper. This is our third project in the Jasper community, and the first build-to-rent neighborhood within the masterplan, Atlantic Jasper saw the need for a for-rent product type based on the strong regional demographics. Our pre-development services team and robust on-site experience within the community were the perfect fit for supporting their innovative vision of an ideal site layout, standout architectural features, and an ambitious and executable construction plan,said Alex Pollack, Director of Partnerships at Mosaic. The new site will offer four floor plans in a combination of single-family detached homes and duplexes ranging from 760 to 1,039 square feet. The homes offer one-bedroom and one-bathroom or two-bedroom and two-bathroom options, with one of the one-bedroom floor plans including a home office space. The community includes detached garages and residents will benefit from walking trails and other amenities within the master plan. Construction is anticipated to finish in 2025. About Mosaic Mosaic is the nation’s fastest-growing general contractor, building homes for the country’s most innovative residential developers. Founded in 2017 and headquartered in Phoenix, the institutional-grade general contractor provides a full suite of construction services, from pre-development to warranty and lease up. As an industry leader in build-to-rent, the Mosaic team’s combined experience spans more than 24,000 BTR units across 100 communities. Mosaic’s GC operations span multiple states, including Arizona, Colorado, Texas, Idaho, California, and Florida. About Atlantic Jasper The development partners of Atlantic Jasper have extensive development experience and have worked together for over 35 years. Atlantic Jasper and its affiliates have been involved in the development and management of numerous residential subdivisions, manufactured home communities, condominiums, and apartments in California, Hawaii, Arizona, and Massachusetts.

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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

OneDay Announces Integration with ResMan®

ResMan | December 09, 2022

OneDay, a video-based sales enablement platform, and ResMan®, a leading property management SaaS platform, today announced their platform integration. Together the companies will create an easier and more streamlined experience for shared users by blending video creation, content sharing, and tracking into one place. By integrating these two solutions, users can seamlessly record personalized videos from the OneDay platform and share them with recipients from their list of contacts in ResMan's CRM. When a video is shared with any contact in the CRM, a new activity is created automatically giving details about the specific video sent. As a result, these videos will be automatically associated with a contact record, providing an in-depth view of which videos are generating the most impact. "We're incredibly pleased to have ResMan join our network of trusted partners that extend the reach of the OneDay platform, By working closely with them, we will be able to offer customers even better value and help them streamline their communication and improve sales efficiency." -Clint Lee, Co-founder and CEO of OneDay About OneDay Headquartered in Dallas, TX, OneDay is a technology company whose mission is to bring a best-in-class video solution to hospitality, real estate, professional services, and other industries to create high-quality, authentic videos that drive engagement, conversions, and sales. OneDay enables businesses to enhance their sales, marketing, internal, and external communication strategies by delivering video messages that are authentic, engaging, and effective. About ResMan ResMan is the preferred growth partner that drives profitability and efficiency for nearly a thousand property management companies across the U.S. ResMan delivers the property management industry's most innovative technology platform, making property investments and operations more profitable and easier to manage. ResMan's platform unlocks a new path to growth for property management companies that deliver consistent NOI improvement and brilliant resident experiences easier than ever before.

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