REAL ESTATE TECHNOLOGY

75% Complete Hotel & Casino Resort in Las Vegas Koch Real Estate Investments Acquires Title

prnewswire | February 11, 2021

Koch Real Estate Investments, an associate of Koch Industries, Inc. today reported the obtaining of a to-be-finished Las Vegas resort situated at 2777 South Las Vegas Boulevard. The arrangement is in association with Fontainebleau Development.

Koch and its accomplished accomplices give the interesting capacity to consolidate persistent, long haul capital with top tier tasks. Together, the organizations have a shared interest in the recuperation and development of Las Vegas and the friendliness business overall. With Las Vegas' travel industry recuperation in progress, the city has securely returned to a large number of guests since June with significantly more accomplishment not too far off.

"We believe strongly in the Las Vegas market and see the property as a great opportunity to contribute to the long-term success and positive trajectory of this vibrant and innovative region," says Jake Francis, President of Koch Real Estate Investments. "We are excited about the partnership and look forward to working together as the project evolves."

Spotlight

In this video, I am giving you ideas for conducting real estate for both buyers and sellers during a lockdown. Whether you are figuring out ways to showcase your listings or want a safer way to show homes, I got the tips and ideas you need strait from a slew of my REALTOR friends.

Spotlight

In this video, I am giving you ideas for conducting real estate for both buyers and sellers during a lockdown. Whether you are figuring out ways to showcase your listings or want a safer way to show homes, I got the tips and ideas you need strait from a slew of my REALTOR friends.

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REAL ESTATE INVESTMENT

Dalfen Industrial Acquires Industrial Property in Winston Salem

Dalfen Industrial | December 13, 2021

Dalfen Industrial announced the acquisition of a 304,200 square foot industrial property in Winston Salem, NC. Built in 2006, Union Cross Distribution Center has features sought after by modern e-commerce tenants, including being strategically located one mile off of I-74 with convenient access to I-40 and I-85. This location provides an excellent last mile distribution opportunity to reach Winston Salem, Greensboro, and High Point's 1.7 million population base. The Piedmont Triad's industrial market continues to be very tight with limited available inventory, coupled with high tenant demand and absorption from last mile tenants. Located in the Union Cross submarket, this area provides a distinct advantage with accessibility, and a high-quality tenant base with institutional ownership. The building is 100% occupied by one tenant who is currently paying below market rent, providing a significant upside during renewal as well as during exit. Other tenants in the area include Fedex, Amazon, Caterpillar, Proctor & Gamble, and PepsiCo. "Sourced off-market and below replacement cost, Union Crossing Distribution Center is a great addition to our North Carolina portfolio. The vacancy rate in this market is a tight 2.3% due to continued and strong tenant demand which is expected to continue." -Kevin Caille, Market Officer at Dalfen Industrial "The demand for industrial properties in North Carolina continues to outpace supply. We have had tremendous success in the Carolinas and are always looking for the next opportunity to expand our footprint in this market." -Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial Dalfen Industrial currently owns close to 3 million square feet of industrial properties in North Carolina.

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REAL ESTATE INVESTMENT

JLL arranges $690M financing for 44-property industrial portfolio

JLL | December 02, 2021

JLL announced today that its Capital Markets group has arranged a $690 million financing for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in high-growth markets across the United States. JLL worked on behalf of the borrower, Blackstone Real Estate Income Trust (BREIT), to place the two-year, floating-rate, non-recourse loan with Wells Fargo Bank. The financing comprises a term loan and a revolving credit facility. Additionally, the New York Agency of Singapore-based United Overseas Bank (UOB) joined the financing, committing half of the arranged capital post-closing. The portfolio consists of single- and multi-tenant mission-critical assets with diverse functions that include warehouse, bulk warehouse, light industrial, office, laboratory, truck terminal, data center and raw land. With an average age of 17 years, the properties feature an average clear height of 28 feet, 87 suites and 1,148 dock doors. It is more than 80% leased to industry-leading tenants with a proven history of significant tenant investment and that represent a diverse range of industries, including e-commerce, web services, pharmaceuticals and logistics. Situated on a total of nearly 611 acres, the portfolio properties are in 10 states in high-growth, highly connected markets such as Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. JLL's Capital Markets debt advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Managing Director Michael Cosby and Analysts Bo Beidleman and Ryan Pollack. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

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REAL ESTATE TECHNOLOGY

Berkshire Hathaway HomeServices Toronto Realty adds to its leadership team Heather Hadden

businesswire | December 22, 2020

Berkshire Hathaway HomeServices Toronto Realty, a land financier intended for the present market and the group that carried Berkshire Hathaway HomeServices to Canada, is satisfied to report the expansion of Heather Hadden to its authority group. Heather and the Hadden Homes Team have joined Berkshire Hathaway HomeServices Toronto Realty viable Thursday, December 17, 2020, and will source office space to dispatch a Berkshire Hathaway HomeServices Toronto Realty office in a midtown area by Spring of 2021. “Our goal has been to grow our leadership team with a focus on creating a motivational culture for our realtors,” said Mark Wadden, Co-Founder and CEO of Berkshire Hathaway HomeServices Toronto and West Realty. “Industry experts like Heather excel in every aspect of their business all while maintaining integrity and commitments to their clients. I am very excited to have Heather continue to grow her team under the Berkshire Hathaway HomeServices network and provide support and leadership to our Realtors.” Heather Hadden has driven a noteworthy direction all through her profession and has withdrawn Chestnut Park Realty in the number two recognize this (year to date). Hadden keeps on driving the city as one of the most elevated netting Realtors in the Greater Toronto Area, with different back to back a long time in the top 0.1% on the Toronto Real Estate Board positioning of Realtors. “I have worked with a few different top-level brokerages across Toronto during my career but never have I seen a brokerage as innovative and supportive as that of Berkshire Hathaway HomeServices Toronto Realty,” said Heather Hadden. “The leadership’s vision and execution of what a brokerage should be are impressive, to say the least, and I have never seen such a commitment to continuous improvement. I know this is where my team will call home moving forward and throughout our career.” “Heather is one of the most decorated and respected agents in Toronto amongst her colleagues, with years of being a top performer,” said David Binns, Partner and VP of Professional Development. "The entire team at Berkshire Hathaway HomeServices Toronto Realty is elated to have Heather in the network and cannot wait to see what she does for the brokerage in 2021.” “Both Mark and Blair have created an exciting and innovative formula to rapidly expand across the Ontario region," said Michael Jalbert, EVP of Global Business Development, Berkshire Hathaway HomeServices. “Their plan creates unique opportunities for top realtors to be part of something bigger in their career. They have already built one of the most respected leadership teams in the industry and I am sure this is just the start.” Chris Stuart, CEO of Berkshire Hathaway HomeServices, applauded the addition. “This is a great move for both Berkshire Hathaway HomeServices Toronto Realty and Heather,” he said. “Heather is a skilled and experienced leader who is also a terrific mentor – guiding and inspiring real estate professionals. As important, her team is talented, dedicated and ready to serve the region.” About Berkshire Hathaway HomeServices Toronto Realty Founded in 2015, Berkshire Hathaway HomeServices Toronto Realty provides the most innovative and valuable services in the industry both for their clients as well as their Realtors. With a rapidly expanding team and the addition of Berkshire Hathaway HomeServices West Realty, the company has more than 120 real estate professionals and has earned a reputation for leveraging cutting-edge technology and modern marketing to provide the most valuable customer experience in real estate. Currently, the company services the Greater Toronto Area and has growth plans spanning most of Southern Ontario.

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