A real estate company surprised employees with $10 million in bonuses at a holiday party

Harry & David | December 12, 2019

Harry & David Grand Signature Gift Baskets will never hit the same way again. At its annual holiday party, a Maryland commercial real estate developer announced it’s handing out $10 million in bonuses to its 198 employees this year. The average bonus at the firm, St. John Properties, was $50,000, but some got as much as $250k. One brand new team member who hadn’t even started yet got $100.

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Take a luxury home tour of a beautiful home in San Diego, CA. Listed by: Patrick Marelly.

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Take a luxury home tour of a beautiful home in San Diego, CA. Listed by: Patrick Marelly.

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REAL ESTATE TECHNOLOGY

The Jills Zeder Group, of Coldwell Banker Realty, Again Ranked No. 1 Large Team in the U.S. by RealTrends

Coldwell Banker Realty | June 13, 2022

The Jills Zeder Group, a powerhouse team of Coldwell Banker Global Luxury Ambassadors with Coldwell Banker Realty, have once again been ranked as the No. 1 large team in the entire United States, as announced in the 2022 RealTrends "The Thousand" list published in The Wall Street Journal. Per RealTrends, a large team ranges from 11 to 20 members. RealTrends ranked The Jills Zeder Group No. 1 on the list, based on achieving $2,250,764,707 in closed sales volume in 2021 and 367.60 closed transaction sides in 2021. Affiliated with Coldwell Banker Realty's offices in Miami Beach and Coral Gables, Florida, the sales team, which specializes in luxury real estate, including luxury estates, condominiums, waterfront properties, and highly complex assemblages, achieved more sales volume than any other small, medium or large team from any brokerage or company nationwide. Year over year, The Jills Zeder Group not only sets the bar for the industry standard of excellence, but they surpass their own benchmark. The team's ingenuity, dedication to client service, extreme market intelligence and fierce business acumen has resulted in another outstanding recognition this year. It is a true privilege to have the opportunity to serve this top-performing, legendary team as part of Coldwell Banker." Ryan Gorman, CEO of Coldwell Banker "I'm honored to once again congratulate The Jills Zeder Group for their distinguished achievement earning the No. 1 spot on the prestigious RealTrends list, solidifying them as the very best real estate team in the country," said Duff Rubin, president of Coldwell Banker Realty in Florida. "This well-earned recognition reconfirms what we already know about the team, that they offer their clients incomparable professionalism and real estate knowledge, as well as a superior understanding of the complex and evolving market of South Florida." The RealTrends "The Thousand" ranking consists of all real estate agents and teams throughout the United States who took part in residential real estate transactions in 2021. The individual rankings are divided into two top 250 categories, based on closed transaction sides and closed sales volume. To qualify, an individual agent had to close at least 50 transaction sides or $20 million in sales volume in 2021. For real estate teams, the minimum was 75 transaction sides or $30 million in closed sales volume. About The Jills Zeder Group The Jills Zeder Group, affiliated with Coldwell Banker Realty, is comprised of three families, all of whom are major players in the luxury residential real estate business. These families include Jill Hertzberg, Jill Eber and Felise Eber; and Hertzberg's children Danny Hertzberg and Hillary Hertzberg; and Judy Zeder and her children, Nathan Zeder and Kara Zeder Rosen. Prior to The Jills Zeder Group's formation in 2019, the families closed a combined total of more than $8 billion in real estate sales, including collaborating on multiple luxury sales in the Coral Gables market. With offices in Miami Beach and Coral Gables, The Jills Zeder Group specializes in high-end, multimillion-dollar luxury properties in South Florida's most elite enclaves, representing celebrities, Fortune 500 executives, and a diverse international clientele. They offer incomparable knowledge and services to luxury real estate clients. About Coldwell Banker Realty Coldwell Banker Realty in Florida is a leading residential real estate brokerage company with approximately 73 offices and 8,106 affiliated sales associates. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. Visit ColdwellBankerHomes.com. Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo are service marks owned by Coldwell Banker Real Estate LLC.

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REAL ESTATE INVESTMENT

Dalfen Industrial Acquires Central Valley Property

Dalfen Industrial | January 12, 2022

Dalfen Industrial has acquired a 417,600 square foot industrial building in Lathrop, CA – a submarket within East Bay's Central Valley. The opportunity was sourced off-market and is 100% occupied with an additional 10.85 acres of prime developable land. The property has a strategic last mile location with close proximity to I-5 as well as the Port of Stockton and the Union Pacific and BNSF Railroads. This location offers access to over 839,000 people within a 30-minute drive with a population that is growing at a rate 47% faster than the national average. Other companies in the area include Home Depot, Wayfair, Tesla, Amazon, DHL and Kraft. Strong growth dynamics in this region have resulted in increasing industrial demand, making this a great addition to our west coast portfolio, The Central Valley is a major west coast distribution hub with same-day delivery capabilities to nearly 46 million people between San Francisco, Sacramento, Los Angeles, San Diego, and Las Vegas, and all the cities in between." Rich Weiss, Market Officer for Dalfen. This acquisition exemplifies our continued focus of adding strategically located west coast industrial assets to our portfolio in order to bolster our last mile fulfillment center footprint in the region markets." Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial. About Dalfen Industrial Dalfen Industrial is one of the nation's largest buyers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen currently owns and operates millions of square feet of premier industrial properties throughout the United States.

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INVESTMENTS

Arch Street Capital and Orion Announce Single Tenant Office Partnership

Arch Street Capital | February 03, 2022

Arch Street Capital Advisors ("Arch") and Orion Office REIT Inc. ("Orion") (NYSE: ONL) are pleased to announce the formation and continuation of a programmatic venture focused on the acquisition of long-term leased, single-tenant office assets (the "Partnership"). Orion's interest in the Partnership was assumed from VEREIT, Inc. as part of Orion's spin-off transaction following the Realty Income Corporation and VEREIT merger. To date, the Partnership has acquired six assets for approximately $227 million. The Partnership is actively seeking new single-tenant office investment opportunities in the range of $10 million to $60 million. The Partnership recently acquired 700 Market Street (the "Property"), a 127,468 square foot, state-of-the art office property located in the central business district of St. Louis, MO. The long-term leased, mission critical office Property serves as the corporate headquarters for an investment grade-credit tenant. The Property is strategically located adjacent to the new $360 million Ballpark Village, one block from Busch Stadium, and 4 blocks from the landmark Gateway Arch, providing a live-work-play atmosphere for the tenant to enjoy. We look forward to continuing our strategic partnership with Orion and enhancing the portfolio through future acquisitions of high-quality single-tenant office properties." Hemal Patel, Vice President at Arch. We are pleased to join Arch in the Partnership and 700 Market Street enhances the strength and quality of our portfolio, The previous owners of the Property made substantial investment in 700 Market to transform what was a striking building into a fully functional and modern corporate headquarters that remains on the National Register of Historic Places and that our tenant will occupy for many years. The Property benefits from an active urban environment with a unique and tremendous complement of nearby amenities. The combination of the real estate and the long lease with a credit tenant makes this an attractive asset for the Partnership." Gary Landriau, Chief Investment Officer and Executive Vice President at Orion. About Arch: Arch Street Capital Advisors is a full-service real estate investment advisory firm. Arch specializes in assisting institutional investors with their real estate investment strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch has advised its capital partners on more than $9.4 billion of acquisitions, dispositions and financings. Arch manages a diverse portfolio of investments across multiple sectors, including industrial, office, multi-family, single-family, hospitality, retail, health care, student housing and land. About Orion Office REIT Inc. Orion Office REIT Inc. is an internally managed real estate investment trust engaged in the ownership, acquisition and management of a diversified portfolio of mission-critical and headquarters office buildings located in high-quality core and suburban markets across the U.S. and leased primarily on a single-tenant net lease basis to creditworthy tenants. The company was founded on July 1, 2021, spun-off from Realty Income Corporation (NYSE: O) on November 12, 2021, following Realty Income's acquisition of VEREIT, Inc., and began trading on the New York Stock Exchange on November 15, 2021. The company is headquartered in Phoenix, Arizona and has an office in New York, New York.

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