American Real Estate Partners | April 29, 2020
American Real Estate Partners (AREP) and Independencia Asset Management announced today the sale of 1100-1200 American Boulevard in Hopewell Township, NJ to an undisclosed buyer for $95M. Originally built in 2000 as part of the Merrill Lynch corporate campus, the property was constructed to the highest quality standards and consists of three Class-A office buildings totaling 380,417 SF. AREP acquired the property in 2013 as part of its portfolio strategy to moderate risk within its value-add strategy. Under the terms of the agreement, AREP will continue to lease and manage the property. The asset is currently 100% leased to Merrill Lynch which was acquired by Bank of America in 2008.
prnewswire | October 14, 2020
ERE Healthcare Real Estate Advisors (ERE) announced the release today of a whitepaper that explores the lesser-known tax advantages when participating in a sale and leaseback transaction. The whitepaper was developed to summarize the advantages ERE has gleaned from working closely with their clients, with the goal of giving physician real estate owners a clear understanding of their options and how to leverage them. Jamion Nash, Author of the whitepaper and a Financial Analyst with ERE, explains, "We've attempted to highlight three tax advantages/strategies that may positively impact physician real estate owners.
REAL ESTATE TECHNOLOGY
prnewswire | December 23, 2020
Paul E. Griffin III, author and CEO of Griffin Living, an imaginative senior lodging engineer, has been accepted into Forbes Real Estate Council, a greeting just network for heads in the land business.
Griffin was considered and chosen by a survey board dependent on the profundity and variety of his experience. Models for acceptance incorporate a history of amazing development measurements, just as close to home and expert accomplishments and respects. Griffin has created an abundance of 4 billion dollars of significant worth with his land improvement organizations. He has been respected as Habitat for Humanity's Builder of the Year (Hammer of Hope) and the Building Industry Association's Builder of the Year and now serves on the board for the UCLA Ziman Center for Real Estate.
"We are honored to welcome Paul into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Real Estate Business Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."
Paul says, "I am honored to be a part of this community and to have the opportunity to connect with like-minded real estate executives. The Forbes Real Estate Council will help Griffin Living as we develop our innovative senior living communities and lead a movement toward giving seniors the dignified and luxurious lifestyle they deserve."
ABOUT GRIFFIN LIVING
Griffin Living is an award-winning, privately-owned real estate development firm headquartered in Calabasas, CA with experience in developing residential, commercial, retail, and master planning communities. They are currently focused on building a sizable portfolio of senior living communities rooted in the honor and dignity of aging. They prioritize features and amenities that cater to residents' independent, active, and vibrant lifestyles.