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Heather Hadden has driven a noteworthy direction all through her profession and has withdrawn Chestnut Park Realty in the number two recognize this (year to date).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.

Spotlight

CBRE China firstly adopted the Future Workplace strategy in Chengdu and recently opened the brand new Chengdu office - 535 square metres, 51 seats, 10 kinds of workplace combination, which can accommodate 83 people to work at the same time.

Spotlight

CBRE China firstly adopted the Future Workplace strategy in Chengdu and recently opened the brand new Chengdu office - 535 square metres, 51 seats, 10 kinds of workplace combination, which can accommodate 83 people to work at the same time.

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REAL ESTATE INVESTMENT

Nuveen Real Estate extends Lane's Technology Partnership to the Office Tower of Midtown Manhattan

prnewswire | November 17, 2020

As a feature of its procedure to draw in with occupants both on location and on the web, Nuveen Real Estate, a main worldwide land supervisor, revealed the work environment experience innovation Lane at one more of their milestone properties. The move will bring Lane's honor winning web and portable stage to The Gardens at 780 Third Avenue, one of Nuveen's chief office towers, situated between East 48th and 49th roads in Midtown Manhattan's desired Plaza District. Nuveen's dispatch of Lane at the 500,000 sq. ft. Class An office space concurs with a $40 million friendliness and manageability centered remodel. To enable Nuveen to accomplish these objectives, the Lane stage will furnish occupants at The Gardens with an across the board "controller" for the working environment—permitting them to do everything from request lunch to book a gathering space to join a yoga class—all while giving property supervisors a successful device for building-wide correspondences, access the executives and tasks. For the time being, Lane will fill in as a critical device for imparting building strategies and conventions in light of COVID-19. "We are pleased to support Nuveen as they deliver a more seamless, engaging, and digitally powered office experience to tenants at 780 Third and across their portfolio," said Clinton J. Robinson, CEO and Co-Founder of Lane. "An all-in-one platform for the workplace, Lane is uniquely positioned to bring together the many facets of the work environment in a way that is intuitive, intelligent, and fosters connection with tenants—whether they're physically in the office or not. Lane's booking feature will also help Nuveen set up its new flex office and fitness space offerings at The Gardens." "780 Third Avenue is in the midst of a capital-intensive redevelopment with improved tenant experience as a major priority," said Brian Wallick, Director of New York Investments for Nuveen. "We are integrating new amenities such as a coffee bar, sustainability-driven restaurant, and modernized wellness center, in addition to an entirely tenant-focused coworking floor with an option to book private conference rooms." Before turning out Lane at The Gardens at 780, this late spring, Nuveen dispatched Lane's foundation at Waterford Business District in Miami, one of the biggest corporate office edifices in the southeast U.S. Traversing 250 sections of land and lodging in excess of 100 worldwide companies, Lane's foundation has changed the rambling grounds into a flourishing, associated environment. "We are excited to partner with Lane at another property in our portfolio to the benefit of our tenants at The Gardens at 780 and the surrounding community," said Jacinda Lofland, Director of Strategy & Innovation for Nuveen. "The digitalization of our office portfolio is a key initiative that we will continue to invest in. With Lane, we are able to provide our tenants with a consistent, user-friendly digital interface while building out additional features and integrations into the background over time. The platform also enables us to communicate more consistently with our tenants, providing important building information and soliciting tenant feedback via short-form surveys." About Lane Lane was founded in 2014 to deliver the future of work to commercial real estate properties around the world. The first technology solution of its kind, Lane's workplace experience platform addresses the needs of the entire workplace ecosystem — from corporate tenants and their employees, to asset managers and on-site building teams, to retail tenants, visitors, and everyone in between. With clients such as Colliers, Hullmark, Dream, Atlas, Brookfield Properties, and Kipling, Lane currently operates in 150 buildings and 300 million sq. ft. of commercial real estate in major cities across North America and around the world, including New York, Los Angeles, Sydney, Dubai, Houston, Dallas, San Francisco, Denver, Washington D.C., Toronto, Vancouver, Calgary, and Montreal. As part of its global expansion, Lane is currently launching with new clients in Brazil, Germany, and the United Kingdom. About Nuveen Real Estate Nuveen Real Estate is one of the largest investment managers in the world with $127 billion of assets under management. With over 80 years of real estate investing experience and more than 660 employees* located across over 25 cities throughout the United States, Europe and the Asia-Pacific region, the firm offers unparalleled geographic reach, which is married with deep sector expertise. *Includes 315+ real estate investment professionals, supported by a further 345+ Nuveen employees.

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REAL ESTATE TECHNOLOGY

Innovative Industrial Properties Expands Real Estate Partnership at New York Property with PharmaCann

businesswire | December 14, 2020

Creative Industrial Properties, Inc. (IIP), the sole land organization on the New York Stock Exchange (NYSE: IIPR) zeroed in on the controlled U.S. cannabis industry, reported today that it went into a correction of the rent with PharmaCann Inc. (PharmaCann) in Hamptonburgh, New York, making accessible $31.0 million in subsidizing for huge improvements underway limit and extra overhauls at the 127,000 square foot office. The rent alteration likewise changed the base lease under the rent to consider the extra accessible financing and expanded the term of the rent understanding. Accepting full installment of the extra financing, IIP's absolute interest in the property will be $61.0 million. IIP initially procured the New York property and went into a drawn out rent with PharmaCann in 2016. Notwithstanding this office in New York, IIP possesses and rents to PharmaCann controlled cannabis development and handling offices in Illinois, Massachusetts, Ohio and Pennsylvania, containing a sum of roughly 363,000 square feet. Accepting full repayment of inhabitant upgrades under the leases, IIP's absolute interest in properties rented to PharmaCann is relied upon to be $167.5 million. As the spearheading land venture trust (REIT) for the clinical use cannabis industry, IIP accomplices with experienced clinical use cannabis administrators and fills in as a wellspring of capital by procuring and renting back their land resources, notwithstanding offering other imaginative land based capital arrangements. PharmaCann is a main multi-state cannabis administrator with licenses in Illinois, Maryland, Massachusetts, New York, Pennsylvania and Ohio. Established in 2014 with dispensaries working under the brand Verilife, PharmaCann has brought over $200 million up in value to date, and has more than 650 representatives. “We are thrilled to partner once again with PharmaCann in its expansion of the New York facility, the first property in our portfolio that now spans 64 properties across 16 states,” said Paul Smithers, President and Chief Executive Officer of IIP. “Since 2016, we have progressively supported PharmaCann as its go-to long-term real estate partner, and we are excited to take this next step with the PharmaCann team to significantly upgrade and enhance production capability at their New York facility, in a market experiencing tremendous and growing patient demand for high quality products.” “IIP has been a strong, reliable, flexible real estate partner since we initially sold and leased back our New York property to them in 2016,” said Brett Novey, PharmaCann’s Chief Executive Officer. “The New York regulated cannabis market is still in its early stages, and in conjunction with IIP’s unwavering support as our primary real estate capital provider, we expect the significant enhancements to our New York facility to preserve our strategic positioning as we continue to scale our operations to meet the anticipated demand for customers throughout the state.”

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INVESTMENTS

Township Capital Acquires Two Multifamily Properties in Phoenix, Arizona for Value-Add Fund

Township Capital | February 17, 2022

Township Capital and Epic Investment Services ("Epic") announce the acquisition of Urban 188 and Urban 96 ("Urban Phoenix"), two adjacent residential rental properties in Phoenix, Arizona, as part of Township's GP Value-Add Fund I. ("the fund") The fund aims to acquire garden-style multifamily properties in select markets targeting strong demographics, durable employment, and other value-add characteristics. This marks the third and fourth acquisitions within the value – add partnership with Epic. Last year Township participated in Epic's U.S. Multifamily Fund I as lead investor with $60 million of total equity commitments. We are proud to be a part of another acquisition with Epic. Township has aligned with the strategy backing Fund I and experienced the results of sourcing the right product for the fund firsthand, The value creation model delivers exceptional results, which is important to Township's role as a lead investor in Epic's U.S. Multifamily Fund I. We've continued to seek opportunities in the multifamily sector given how resilient it has remained through the pandemic." Matthew Gorelik, CEO at Township Capital. About Urban Phoenix The 188-unit and 96-unit garden-style buildings, total 132,675 square feet and 4.42 acres located in central Phoenix. Positioned in a high rent-growth area near well-established employment hubs and in proximity to the Valley Light Rail system and Highway I-17. Providing convenient access to surrounding high profile neighborhoods of Arcadia, Biltmore, Scottsdale, and Tempe. Both have a combined occupancy rate of 92%. The acquisition offers a unique opportunity to implement a value-add program focused on modernizing finishes and improving common-area amenities. About Township Capital, LLC Township Capital, LLC is a leading co-GP real estate investment firm headquartered in Beverly Hills, CA. Founded by CEO Matthew Gorelik in 2014, the firm has experience investing across all major property types with a specialty in student housing, senior living, multifamily, and industrial. About Epic Investment Services Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Epic's Canadian head office is located in Toronto, Ontario and its U.S. head office is located in Denver, Colorado. Epic's portfolio comprises over 30 million square feet and $17.5 billion in assets under management in office, retail, industrial and multi-family residential properties.

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