Acore and Harvest Property buy San Francisco office from CIM

Real Assests Ipe | April 08, 2020

Acore Capital and Harvest Properties have paid close to $100m (€91.9m) to buy a San Francisco office building. According to sources, the duo have joined forces to buy the asset at 274 Brannan Street from CIM Group which acquired the property for $71m in 2016. According to sources, the deal is one of a few significant office building sales that have closed in San Francisco since the outbreak of COVID-19 as most have been put on hold. The 105,800sqft property has a current occupancy of 95%.

Spotlight

Not just any city can function as a great rental market. Unless you live in a few select cities, chances are the best properties are not in your backyard.  So how do you go about finding a stable rental market that will produce the high return on investment? In this video, I’m sharing five attributes of a great rental market! I’ll share the key indicators that I care about in a city.

Spotlight

Not just any city can function as a great rental market. Unless you live in a few select cities, chances are the best properties are not in your backyard.  So how do you go about finding a stable rental market that will produce the high return on investment? In this video, I’m sharing five attributes of a great rental market! I’ll share the key indicators that I care about in a city.

Related News

REAL ESTATE TECHNOLOGY

Matterport Acquires VHT Studios to Accelerate Adoption of Digital Twins for Real Estate

Matterport Inc | July 11, 2022

Matterport, Inc. the leading enterprise and real estate digital twin company driving the digital transformation of the built world, today announced the acquisition of VHT, Inc., known as VHT Studios, a U.S.-based real estate marketing company that offers brokerages and agents digital solutions to promote and sell properties. This transaction brings together VHT Studios’ visual media services with the immersive Matterport 3D Digital Twin platform to elevate the buying experience for home buyers while simplifying the process of creating comprehensive marketing packages for brokers and agents. With this acquisition, Matterport aims to increase adoption of digital twin technology and expand further into the real estate industry while adding marketing services for other key markets such as commercial real estate, travel and hospitality, and the retail sector. Matterport’s acquisition of VHT Studios provides real estate brokerages and their professionals access to an expanded selection of marketing services and expertise they need to effectively market and promote properties. These include high-end photography, drone imagery, floor plans, virtual tours, and other marketing services. When combined with Matterport digital twins and collaboration tools, the newly expanded solution not only helps brokerages and agents save time with an easy-to-order and comprehensive source for their digital marketing needs but also reduces their costs with comprehensive marketing packages along with flexible, optional add-ons. This all-in-one marketing solution provides one of the richest and most compelling digital experiences for property seekers and has been proven to drive increased sales for brokerages and agents. “We’re thrilled to welcome the VHT Studios team to Matterport along with the talent and industry expertise they bring,” said RJ Pittman, Chief Executive Officer at Matterport. “When we looked at VHT Studios and the work they do, it was a natural fit to unite our efforts to reimagine the fragmented process that was in place for brokers and agents to list properties, and prospective buyers to view them. We are not only excited for how we can transform the customer experience in the real estate industry, but also how we can apply VHT Studios’ expertise to our growing enterprise business as demand for digital twin technology continues to surge.” “We are excited to welcome VHT Studios, a market leader in real estate digital marketing technologies, to Matterport today. While we make strategic investments to expand our business, we remain committed to conscientiously managing our balance sheet of approximately $600 million in cash and short- and long-term investments as of March 31, 2022. Further, having integrated the Enview acquisition earlier this year, our team is looking forward to what we expect will be another successful integration,” said JD Fay, Chief Financial Officer of Matterport. “What makes this acquisition unique is how complementary our services are to one another,” said Brian Balduf, CEO of VHT Studios. “In today’s market, buyers need to move quickly on a property and often only have one opportunity, or less, to view it in person. A listing that features high-quality digital content and immersive 3D technology is a transformative experience that empowers buyers to make more confident decisions, faster. Together we believe our services can help move more purchase decisions online by combining rich property information and the ability to virtually inspect, measure, and experience a space from anywhere, anytime, as many times as needed.” The all-in-one marketing solution that brings together VHT Studios’ and Matterport’s services is expected to be available through Matterport’s Capture Services during the third quarter this year. The acquisition will enable more data to be trained on the machine learning systems acquired through Enview and whose data insights will be incorporated into Matterport’s Cortex Artificial Intelligence engine. VHT Studios has helped more than 200,000 real estate professionals sell more than $200 billion in properties since the company’s founding in 1998. Seven of the top 10 brokers1 in the United States are customers of VHT Studios, including Baird & Warner, Coldwell Banker, Compass, Corcoran Group, Douglas Elliman, and more. Terms of the transaction were not disclosed. Canaccord Genuity served as the exclusive financial advisor to VHT Studios. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at Matterport.com and visit our Discover page to browse a collection of digital twins captured by our customers.

Read More

REAL ESTATE TECHNOLOGY

LightBox Unveils New Developer Portal for API Access and Connected Data

LightBox | July 13, 2022

LightBox, a leading information and technology platform for commercial real estate and location-based intelligence, announced the launch of the LightBox Data Platform. The platform serves as the most complete, connected data solution in the market bringing together third-party, public and customer data with LightBox proprietary content in a consistent data model for straightforward onboarding and integration. Clients can now use the newly launched Developer Portal to discover and connect to the full breadth and depth of LightBox data using a unified API and the LightBox ID, a permanent identifier that creates powerful connections to LightBox’s information model and allows users to easily identify relationships across LightBox’s property graph. LightBox’s expanding suite of APIs, data solutions and professional service offerings provide companies the flexibility to determine what solutions scale best to enable businesses and industries to make strategically sound decisions in broadband modeling, site selection, property research, portfolio management, risk analysis and more. LightBox SmartFabric™ will serve as the foundational dataset for the platform. SmartFabric brings together geospatial and non-geospatial datasets in a proprietary connected model. It provides customers with the insights and relationships across LightBox’s core parcel, building footprints, addressing, property characteristics, transactions, and other datasets for a complete view of a property. “The LightBox Data Platform builds on our strong data management capabilities and demonstrates the openness and connectivity we need to develop as an industry, The demand for data remains unabated, clients continue to look for a competitive edge through data, and we are innovating to meet the demand. Our new APIs coupled with LightBox’s identifier and geocoder provides customers with the connected data solution that they are looking for.” -Eric Frank, Chief Executive Officer at LightBox. The real estate industry’s desire to access and append more data has been growing at an exponential rate. Data management is a difficult process in the era of big data and a one size approach does not fit all, said Adam Cardarelli, Vice President of Product Management at LightBox. Users need the technological components to access and manage data according to their own specifications. The LightBox Data Platform will consistently deliver a diverse body of APIs and data in a usable fashion. It will meet the needs of everybody in the industry—buyers, sellers, lenders, appraisers, environmental professionals, and more—who can scale it according to need. LightBox’s APIs are now available through the LightBox Developer Portal allowing users to explore the catalog, discover new solutions, access sample code, and connect with other LightBox users in forums to gain input and insight about their business challenges. Developers will be able to discover LightBox APIs and LightBox data, with enough documentation and samples to put the system to immediate use however they require. The portal features over 75 endpoints with more being continuously added. About LightBox- LightBox is a leading real estate information and technology platform. Through operational excellence and a passion for innovation, LightBox facilitates transparency, efficiency, insight, and prediction for real estate investment and location analytics. LightBox customers include commercial and government agencies requiring definitive real estate data and powerful workflow solutions, including brokers, developers, investors, lenders, insurers, technology providers, environmental consultants, and valuation professionals. LightBox is backed by Silver Lake and Battery Ventures.

Read More

REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

SVN® Expands Presence In Florida with the Addition of SVN | Waterfront Commercial Realty

SVN | September 20, 2022

SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announces the addition of its new franchise office, SVN | Waterfront Commercial Realty, based in Jupiter, Florida. Operating as a branch of SVN | Florida Commercial Real Estate Advisors for more than ten years, SVN | Waterfront Commercial Realty is an established commercial real estate firm led by Managing Directors Robert Hamman, Keith Kidwell, CCIM, SIOR, and Jerry Anderson, CCIM. Now, SVN | Waterfront Commercial Realty is expanding their geography and specialties into the Jupiter and North Palm Beach markets. The firm’s specialties include land, marinas, restaurants, high profiles businesses with real estate on the intracoastal, general office, and retail. “After more than ten years as a successful SVN Advisor, I was thrilled about the opportunity to start a business partnership with a top commercial real estate brand, For Hamman, SVN was the only choice. With SVN, we gain the visibility and technology of a global brand, plus access to a strong network of SVN Advisors spread across the country.” -Managing Director, Rob Hamman Through this strategic partnership, SVN | Waterfront Commercial Realty plans to expand with new offices in Stuart, Palm Beach Island, and North Palm Beach. As the east coast of Florida continues its phenomenal growth, we are positioned perfectly to assist investors and other owners of commercial real estate. Our expansion bodes well to serve our existing clientele as well as new clients. About SVN | Waterfront Commercial Realty SVN | Waterfront Commercial Realty is a successful CRE brokerage firm serving the Jupiter and North Palm Beach markets. The firm’s specialties include land, marinas, restaurants, high profiles businesses with real estate on the intracoastal, general office, and retail. About SVN® The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 2,000 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities.

Read More