MARKET OUTLOOK, REAL ESTATE INVESTMENT
Savills | January 20, 2023
On January 19, 2023, New York-based real estate company Savills informed that it is increasing its footprint in the North American market by launching a new office in Montreal.
Antoine Dumas will take on the role of Associate at the company. Brandon Allen, Erik Charton, Paul Fischlin, and Stéphane Robillard will take on the roles of Executive Vice President at the company, while Robin Blanchard will take on the role of Vice President. Meanwhile, George Manousos will take on the role of Vice President and Agency Executive Officer. The group's main areas of expertise will be industrial leasing, investment sales, and capital markets.
Vice Chairman Rick Schuham stated, "Savills has strategically opened locations in key markets throughout Canada, and Montreal was a natural next step for our first location in the province of Quebec." He further added, "We have recruited the market's most seasoned industrial brokerage group to establish our location in Montreal. Bringing together this group of top-producing real estate advisors strengthens our ability to deliver market-ready solutions and services in North America and allows us to expand our geographical coverage into Southeast Canada.”
(Source – Cision PR Newswire)
Savills benefits from the combined expertise of a workforce that, on average, has been in the sector for twenty years. The team represented clients across the industrial spectrum in 2022, including cold storage, warehousing, ports, airports, global infrastructure, distribution and logistics, flex space, land sales, and research and development. The team brokered over $800 million in real estate transactions across Canada. It provides a diverse selection of real estate services, such as tenant representation, landlord and vendor representation, built-to-suit advice, and investment sales.
Gregg Healy, Head of Savills Industrial Services, stated, "The industrial sector in Montreal has remained resilient post-pandemic, with strong investment sales and leasing velocity." "Montreal has a rich mix of industries, including life sciences, financial services, manufacturing, transportation, technology, and healthcare, that have continued to invest heavily in establishing operations in the market. We look forward to tapping into the new team's expertise to drive growth for industrial services throughout Canada," he concluded.
(Source – Cision PR Newswire)
About Savills
Savills supports businesses in discovering employee success solutions. Its integrated teams of brokers and consultants are real estate experts. The company's tenant advocacy, capital markets, project management, labor and incentives strategy, workplace design, and occupant experience have improved local and global workplaces for 160 years. The company is owned by Savills plc, which has over 35,000 specialists and 700 offices globally.
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REAL ESTATE INVESTMENT, BUYING/SELLING
Vanir | February 06, 2023
One of the national leaders in real estate development and program, project, and construction management, Vanir, has recently been awarded a contract by Arizona Housing Inc. (AHI). The AHI is a nonprofit organization based in Phoenix that provides affordable, permanent, supportive housing for the homeless.
Vanir will offer project and construction management services for AHI's Collins Court project Phase II, including cost controls, construction oversight, inspection services, document controls, quality control, claims avoidance and commissioning, under the awarded contract. By March this year, the design-bid-build delivery method will be used to construct the 10,591-square-foot, 34-unit affordable housing complex.
AHI's Housing First Model provides housing with wraparound case management services to individuals and families. The company was founded in 1995 and currently owns and operates five multi-family properties, which comprise 616 units in total. The property features are designed to empower residents with amenities to promote self-sufficiency and create a healthy living environment. The housing communities have fully furnished studio apartments with garden patios, business centers, mini-marts, libraries, community rooms, and on-site laundry services.
Codi Newsom P.E., LEED AP, and Vanir Mountain Region Area's Manager said, "Vanir's Arizona team is proud to partner with AHI and Architectural Resource Team, Inc. (ART), the architect of record, to build safe, equitable and affordable apartment homes for Phoenix's most vulnerable population." She added, "Our goal is to ensure that the contractor and all sub-contractors perform optimally to fulfill AHI and ART's design intent and deliver this critical project on time and within budget."
(Source: Cision PR Newswire)
About Vanir
Based in Sacramento, California, Vanir is a national leader in program, project, and construction management (PMCM) and real estate development. Top-ranked PMCM company by Engineering News-Record (ENR) for more than thirty years, the company's award-winning team provides complete services to both public and private sectors clients in the education (K-12 and higher), healthcare, transportation, justice and essential services, local and state government, technology, and water/wastewater markets. Established in 1964, the company has delivered value to customers nationwide with $25.8 billion in construction. The company's incredibly high rate of repeat business, which is 85%, shows that its team provides high-quality, innovative solutions that help programs and projects run smoothly.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
FirstBank | February 23, 2023
FirstBank, a Nashville-based community banking provider to businesses, families, and individuals, recently announced an investment in Zippy, the fintech company that offers seamless manufactured home loans. By combining its knowledge with Zippy's groundbreaking technology, FirstBank is able to increase access to affordable homeownership and demonstrate its dedication to providing cutting-edge banking solutions for its local communities.
Zippy is at present available in nine states including Kansas, Virginia, Missouri, Georgia, Alabama, Michigan, Texas, Arizona, and Indiana, and intending to double its current footprint in 2023. Zippy supports customers access for community-sold homes in master-planned communities that provide homeowners with amenities through the home loans the company offers. The amenities it helps with include workout facilities, community pools, playground and more.
FirstBank has a vast experience in home lending manufacturing, and with investment in Zippy it will offer manufactured homes that are well-constructed and provide much-needed affordability amidst the current housing crisis in the United States. Zippy was created by former JP Morgan bankers, CEO Ben Halliday, and COO/President Jordan Bucy. They became community owners after acquiring a manufactured home community and completing a four-year renovation project. This experience gave them insight into the challenges facing the industry and a respect for the manufactured housing model. They then developed a unique online platform that can provide competitive loans in just five days.
Wade Peery, Chief Innovations Officer at FirstBank, said, "FirstBank has extensive experience in manufactured home lending and has invested in fintech partnerships that enable us to offer innovative solutions that meet the needs of our customers.“ He also said, "In today's housing market, finding new paths to affordable homeownership is critical. This partnership will make buying a home possible for many new individuals and families."
(Source: Cision PR Newswire)
About FirstBank
FirstBank is based in Nashville, Tennessee, and has 82 full-service branches in Tennessee, South Central Kentucky, Alabama, and North Georgia, in addition to mortgage offices located throughout the Southeast. The company is a wholly owned subsidiary of FB Financial Corporation with an approximate total assets valued at $12.8 billion. Established in 1906, FirstBank's approach to serving businesses, families, and individuals within the communities it calls home has prioritized local banking. FirstBank has grown through acquisitions and internal expansion to become a leading provider of core banking services.
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