REAL ESTATE TECHNOLOGY

GoldOller Real Estate Brings Self-Storage to Greys Ferry

GoldOller | May 03, 2021

GoldOller Real Estate Investments reported today it has obtained the site at 3145 Grays Ferry Ave and will instantly get things started on the improvement of a 157,000 square foot, five-story environment-controlled, self-storeroom. The $20 Million undertakings will turn into a foundation for the Gray Ferry Gateway Corridor.

As indicated by Jake Hollinger, GoldOller President, "Our low effect, the structure will altogether upgrade the Grays Ferry Corridor while giving an assortment of self-stockpiling openings for people and independent company around there, Center City, and South Philadelphia. The site, only yards from 34th Street and the University Ave Bridge, Fitter Square, and Washington Ave, is straightforwardly contiguous and will be completely apparent from, the Schuylkill Expressway. Our perfect lines and imaginative point configuration will embrace the raised Schuylkill Expressway while improving the road space of Grays Ferry Ave." This will be GoldOller's s second self-stockpiling advancement, having finished an 80,000 Square foot, Cube Smart oversaw, self-storage space in the Fishtown part of Philadelphia a year ago.

GoldOller, settled in Philadelphia, is one of the country's biggest multifamily proprietor administrators, with an arrangement of more than 40,000 condo units in 18 states. As indicated by GoldOller Chairman, Richard Oller, "Our premium in self-stockpiling and other resource classes doesn't flag any takeoff from our center condo business. A year ago, GoldOller finished more than $100 Million of new condos and blended-use improvements, and $566 Million of loft acquisitions in New York, Illinois, Ohio, and S. Carolina addressing 4,660 condo units. While we keep on growing our loft impression, we are excited to investigate new spaces of chance and particularly those in our patio."

CVA Commercial Group has prompted GoldOller on the Grays Ferry project since 2019. As indicated by Vince Jolly, CVA's originator and CEO: "The area is practically at the crossing point of the Schuylkill Expressway, Center City, South Philadelphia, and University City. It is the best area for understudies, mortgage holders, leaseholders, and independent ventures, and the circumstance is letter-great. We are exceptionally eager to see an empty, opportunity zone property, become animated alive."

Spotlight

As we examine the future of the real estate market, the outlook is dim for 2017. For your average homebuyer, this is troubling.

Spotlight

As we examine the future of the real estate market, the outlook is dim for 2017. For your average homebuyer, this is troubling.

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INVESTMENTS

AECOM-Canyon Partners and Tucker Announce Mixed-Use Development in Chicago Metro Area

Tucker Development | November 22, 2021

AECOM-Canyon Partners and Tucker Development ("Tucker") today announce their partnership to develop a mixed-use project in Lincolnwood, Illinois, a premier suburb outside of Chicago. The project ("District 1860") will consist of 299 mid-rise multifamily units, an Amazon Fresh grocery store and over 40,000 leasable square-footage of additional retail and restaurant space. The joint venture simultaneously closed on a senior construction loan from Pacific Western Bank ("PWB") and construction has already begun. In close proximity to downtown Chicago and Evanston, the transit-oriented development is readily accessible to major highways, Oakton-Skokie CTA and Edgebrook Metra train stations. The complex will also have easy access to neighboring employment hubs as well as Chicago O'Hare International Airport. At closing, the retail space is 65% pre-leased and will notably feature an Amazon Fresh grocery store. The development will include additional retail space with multiple dining options, public space for gatherings as well as Class-A multifamily units with high end finishes and amenities. "We are excited to partner with AECOM-Canyon on this dynamic & transformative project. We'd like to thank the Village of Lincolnwood and Mayor Jesal Patel for their strong & unwavering support of District 1860." - Richard H. Tucker at Tucker The project is expected to be completed during 2023. About AECOM-Canyon Partners AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $27 billion in assets under management. AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets. In addition to capital, AECOM-Canyon Partners provides best-in-class design, construction management and engineering expertise as well as credit support for its development partners. About Tucker Development Tucker Development, founded in 1996 & based in Chicago, IL, is leading developer & manager of mixed-use properties and shopping centers in key Midwest & East Coast barrier-to-entry markets. The company, led by Richard Tucker (founder & CEO) and Aaron Tucker (CIO), pursues mixed-use and retail-related real estate investments that provide an opportunity to enhance value through development, redevelopment, repositioning & recapitalization. About Pacific Western Bank Pacific Western Bank is a commercial bank with over $35 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado. The Bank has 69 full-service branches located in California, with one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. We offer national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses.

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REAL ESTATE INVESTMENT

ONE Sotheby's International Realty Expands to Northeast Florida

ONE Sotheby’s | January 31, 2022

ONE Sotheby's International Realty announces the leading luxury brokerages entrance into the Northeast Florida market with the addition of affiliate firm First Coast Sotheby's International Realty. Marking its eighth recent acquisition, ONE Sotheby's International Realty continues to expand its presence along Florida's East Coast by welcoming First Coast's 93 agents and 5 offices across Palm Coast, St. Augustine, Ponte Vedra Beach, Jacksonville, and Amelia Island. The company will also launch its record-breaking Development Division to support sales and marketing for new projects in the flourishing market. As one of the fastest growing markets in Florida, Jacksonville is a region we have been targeting as a key component of our expansion strategy, First Coast's Sotheby's International Realty brings an incredibly talented group of agents to grow with us as the leading luxury brokerage along the entire East Coast of Florida. Backed by our industry-leading resources, I am confident they will continue to outperform in the Northeast Florida market." Daniel de la Vega, president of ONE Sotheby's International Realty. First Coast Sotheby's International Realty has established a reputation for being the preeminent luxury real estate brokerage in Northeast Florida, representing more than $770 million in 2021 sales volume. The firm was founded in 2010 by Jeffrey and Jane Chefan, who quickly grew First Coast Sotheby's International Realty to be among the region's most trusted brokerages. In 2018, they teamed up with Lou Izzo, Brian Moorman, Joe Cutajar and Dan Collins to further strengthen a shared vision for bringing buyers and sellers together while elevating standards for high-end real estate services in the market. Together they offer more than 140+ years of combined experience and will continue to have an integral role within the company. We are thrilled to join forces with ONE Sotheby's International Realty under the leadership of Mayi and Daniel,, Their company culture aligns with everything we have strived for—to deliver an exceptional client experience through our expertise, extraordinary marketing tools, innovative technology—and above all, authenticity." Jeffrey Chefan, owner and Managing Broker of First Coast Sotheby's International Realty. Recognized as the premier source for luxury real estate and development opportunities along Florida's East Coast, ONE Sotheby's International Realty offers an unsurpassed global network with an unmatched local footprint. The acquisition of First Coast Sotheby's International Realty brings the firm's total number of offices to 27 locations and 1,300 agents spanning Florida's entire East Coast.

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BUYING/SELLING

WSGF Announces Plans To Expand Short-Term Rental Property Purchase Fintech Finance Business Through Organic Growth And Acquisition

World Series of Golf, Inc. | October 13, 2021

World Series of Golf, Inc. (USOTC: WSGF) ("WSGF") confirmed the company will publish a management overview tomorrow (Wednesday, October 13th, 2021), on the initiative now underway for several months to accelerate revenue growth and add assets to the balance sheet. The initiative includes planned acquisitions, adding new lines of business to complement the current short-term rental purchase finance business, and a groundbreaking cryptocurrency strategy to be integrated into the company's coming Vaycaychella App version 2.0. WSGF operates a short-term vacation rental fintech company facilitating real estate investment and purchase financing. WSGF acquired a business called Vaycaychella last year and made Vaycaychella its primary business focus. A corresponding corporate name change is underway. Vaycaychella serves entrepreneurs looking to acquire and operate short-term vacation rental properties and businesses, and investors looking to make investments in short-term vacation rental properties and businesses. WSGF, through its operating subsidiary, Vacycaychella, earlier this year launched a Peer To Peer (P2P) Short Term Rental Property Purchase Application targeting the $87 billion vacation rental market.

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