Apple will build a $1 billion campus in Austin, Texas

Apple | November 20, 2019

The big picture: Just as President Donald Trump is set to meet Tim Cook at Apple's manufacturing plant in Texas, the company revealed its plans to build a new campus in the region. The tech giant has scored some exemptions on import tariffs for its products, especially now that a significant number of Mac Pro's will be made in stateside. Today, Apple announced it will start construction on a new campus in Austin, Texas, as the company is looking to expand its presence in the region. The company is committing $1 billion to the ambitious project, which is going to become operational as early as 2022 and house 5,000 employees.

Spotlight

Commercial Real Estate Women (CREW) Network is the world’s leading producer of research on women in commercial real estate. It develops white papers annually and publishes a benchmark study every five years to provide valuable industry insights and data. CREW Network is the premier business networking organization dedicated to transforming the commercial real estate industry by advancing women globally. CREW Network provides support to more than 11,000 members worldwide through business development, leadership development, industry research, and career outreach.

Spotlight

Commercial Real Estate Women (CREW) Network is the world’s leading producer of research on women in commercial real estate. It develops white papers annually and publishes a benchmark study every five years to provide valuable industry insights and data. CREW Network is the premier business networking organization dedicated to transforming the commercial real estate industry by advancing women globally. CREW Network provides support to more than 11,000 members worldwide through business development, leadership development, industry research, and career outreach.

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REAL ESTATE INVESTMENT

Newmark Announces Agreement with Leading Commercial Real Estate Services Group in Poland

Newmark | January 03, 2022

Newmark Group, Inc., today announced that it has fortified its presence in the Central and Eastern European ('CEE') market through an agreement with a leading commercial real estate group in Poland. The team will provide a full spectrum of client services in Poland and the surrounding area, operating as Newmark Polska. The 45-person team of real estate professionals based in Warsaw, Wrocław, Tricity and Krakow will benefit from combined resources, technology and product offerings to support Newmark's growing roster of clients in CEE. Led by industry veteran Piotr Kaszyński, the group offers services including tenant representation, market research, valuation and project management. The team will also leverage Newmark's global capital markets expertise, which equips clients with enhanced access to investment opportunities in North America and around the world. We are thrilled to welcome Kaszyński and his team to the Newmark platform. Aligning ourselves with one of Poland's leading CRE teams is part of our strategy to build greater capabilities in CEE, a dynamic and evolving market, Poland's robust and diversified economy, which is benefiting from healthy GDP growth and low unemployment, signals substantial opportunity for the team across numerous business lines." Newmark Chief Executive Officer Barry Gosin. The enhanced regional presence will enable Newmark to better serve its clients' needs in Poland, where Newmark operates an existing Warsaw office focused on consulting, lease administration and facilities management. The country currently boasts record-breaking levels of market activity, and companies increasingly identify Poland as a target destination for a variety of functions, including nearshore technology and back-office operations. The agreement underscores Newmark's successes in bolstering its presence throughout Europe, the Middle East and Africa ('EMEA'). Earlier this year, the company commenced its International Referrals program covering EMEA, and recently announced new regional leaders within its International Capital Markets and Valuations practices, in addition to the expansion of Newmark's own flexible office platform through the acquisition of two agile workspace providers in 2021: Knotel and Deskeo. In December, Newmark named Stuart Logan as Executive Managing Director of its Valuation & Advisory service line in EMEA. Newmark Polska will build on the local team's recent track record of completing complex transactions, including the representation of world-class brands. In total, the group facilitated over 470,000 square meters in industrial and office transactions in 2020 alone. We look forward to this new chapter for our practice, Newmark continues to demonstrate the wherewithal to invest in the best-in-class resources and talent to comprehensively serve the needs of its clients. Having evaluated Newmark's extensive platform over the years, we are confident in our ability to offer first-rate advisory services at the local, national, regional and global levels. As Newmark's business partner, we can now collaborate with the entire Newmark network to meet client needs going to or from Poland." Piotr Kaszyński, Newmark Polska Managing Partner. About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world.

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REAL ESTATE INVESTMENT

Knock Expands Presence in Arizona, Florida, Minnesota, Tennessee and Texas to Empower More Homeowners to Buy Before They Sell

Knock | August 20, 2021

Knock, the fast-growing real estate technology company that is bringing convenience, certainty and cost savings to the process of buying and selling homes, today announced that it is building on its existing presence in Arizona, Florida, Minnesota, Tennessee and Texas to bring the Knock Home Swap to homeowners in nine additional markets. With the Home Swap, a consumer is able to make a strong non-contingent offer that empowers them to buy and move into their new home before they list, alleviating the need to time a sale with a purchase, moving twice and living through repairs and open houses. With today's announcement, the Knock Home Swap is available in 59 markets coast-to-coast. The expansion into Prescott and Yuma, Ariz., The Villages in Florida, Duluth, Rochester and St. Cloud, Minn., Knoxville and Memphis, Tenn. and Sherman-Denison, Texas, builds on the company's established presence throughout Arizona, Florida, Minnesota, Tennessee and Texas. "With the Knock Home Swap, homeowners can unlock the equity in their old house so they can buy their dream home and then repair and list their old house on their timeline for the maximum sale price," said Knock Co-Founder and CEO Sean Black. "Based on our rapid growth, it's clear that homeowners across the country are looking for a more digital, streamlined real estate experience that includes the expertise of a real estate professional. We are excited to bring the Home Swap and the certainty, convenience and cost-savings it provides to more homeowners." The Knock Home Swap offers homeowners an end-to-end digital solution that includes a competitively priced mortgage and an interest-free bridge loan, which covers the down payment on the new home, home prep and up to six months of mortgage payments on the old house. A homeowner can qualify for the Knock Home Swap from their mobile device and then confidently shop for the home they want with their own agent by their side and in the app. In addition, they have the advantage of waiting until they have moved into their new home to prep and list their old house on the open market, so there's no living through repairs and showings or selling for less than full value. As part of its Home Prep Concierge, Knock provides access to its contractor network and manages the payment of client-approved work until closing. Additionally, Knock provides a backup offer on the old house in the unlikely event that it doesn't sell within six months. Ninety-nine percent of Knock homes sell in 90 days or less, with 83 percent selling in 30 days or less. For Meisha Cleland, who recently used the Knock Home Swap to purchase her new home in Prescott Valley, Ariz., before listing her house in Mesa, the Home Swap eliminated the need to move twice. "In the past when I've bought and sold a home, I've needed the money from the sale of my house for the down payment on my new home. It has meant having to sell my house and find temporary housing while looking for a new home. The Home Swap eliminated a step in the process, and it allowed me to be a more competitive buyer," Cleland said. Nationwide, the Knock Home Swap is available through 245 real estate brokerage firms with 100,000 agents in approximately 4,700 ZIP codes throughout Arizona, Southern California, Colorado, Florida, Georgia, Illinois, Minnesota, North Carolina, South Carolina, Tennessee and Texas. Knock plans to offer the Home Swap in over 100 markets by 2023. About Knock Knock is on a mission to empower people to move freely. The Knock Home Swap™ makes it easy for consumers to buy their new dream home before selling their old one, skipping the hassles of living through repairs and showings, paying only one mortgage at a time, and having home prep covered upfront, so their old house sells for the highest possible price. Knock currently offers the Home Swap in 59 markets and plans to be in over 100 markets by 2023.

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REAL ESTATE TECHNOLOGY

New Industrial Real Estate Joint Venture for NPS and Stockbridge

businesswire | December 03, 2020

Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed. The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times. “We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.” “We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.” “This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.” The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.

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