Google to Invest $1B in Silicon Valley Housing

Google | June 19, 2019

Google has announced a $1 billion commitment to address the housing shortage in its backyard. The company plans to invest this money over the next ten years to build about 20,000 units of housing in the San Francisco Bay Area.

Spotlight

It’s become clear in the last few years that in today’s real estate market, the only constant is change. From home values that rise and fall unpredictably, to the tightening of credit availability, and the changing demographics of today’s homebuyer, working as a real estate professional can be a thrill ride. In our 2012 Business Plan, we’ll explore current trends in the real estate market, discuss the importance of having a strategic vision for your business, and provide you with worksheets and exercises to help you take your business to the next level.

Spotlight

It’s become clear in the last few years that in today’s real estate market, the only constant is change. From home values that rise and fall unpredictably, to the tightening of credit availability, and the changing demographics of today’s homebuyer, working as a real estate professional can be a thrill ride. In our 2012 Business Plan, we’ll explore current trends in the real estate market, discuss the importance of having a strategic vision for your business, and provide you with worksheets and exercises to help you take your business to the next level.

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REAL ESTATE TECHNOLOGY

Parque Arauco continues to be the only Chilean real estate company in the Emerging Markets Index of Dow Jones Sustainability

businesswire | November 18, 2020

Parque Arauco S.A. announces that for the fifth consecutive year, it is the only Chilean real estate company in the Emerging Markets Dow Jones Sustainability Index ,Dow Jones Sustainability Chile Index and Dow Jones Sustainability MILA Pacific Alliance Index. About the Dow Jones Sustainability Index The Dow Jones Sustainability Index is one of the most rigorous and well respected indices in the world. Its methodology independently evaluates more than 7,300 companies, from 60 industries in more than 40 countries. The focus of the evaluation analyzes the information of over 100 industry-specific questions focusing on economic, environmental and social factors that are relevant to the companies’ success. In the real estate sector some of the most important factors reviewed are corporate governance, risk and crisis management, as well as customer relationship practices. Additionally, climate change, operational eco-efficiency, conservation and environmental efficiency strategy is evaluated. Social factors evaluated include human capital, labor practices, integration and stakeholder engagement. Manjit Jus, Global Head of ESG Research and Data, S&P Global commented: “We congratulate Parque Arauco for being included in the DJSI Emerging Markets, Chile and MILA Indexes. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet." Parque Arauco and sustainability management Parque Arauco has defined its strategic pillars as growth, profitability and sustainability. The Company has a sustainability agenda that is periodically reviewed by a corporate committee made up of top level executives. Additionally, the Board of Directors receives status updates at least three times a year. In this context, it is possible to mention a few of the recent advancements made in sustainability. Regarding environmental matters, in 2019, Parque Arauco tripled its use of renewable energy and reduced its carbon footprint by 60%. Also, more than 16,300 cubic meters of water were recycled for garden irrigation and cleaning purposes, and more than 3,700 tons of waste were recycled, which was an increase of 20% from 2018. In social integration matters, the company developed more than 220 fairs, supporting 1,500 entrepreneurs in its shopping centers in 2019. Additionally, Parque Arauco has been recognized for its good labor practices and works with strategic suppliers to promote sustainability practices. Currently, Parque Arauco has 1,075,500 m2 of total GLA in Chile, Peru, and Colombia. The Company inaugurated its first shopping center in Chile in 1982, entered Peru in 2006 and Colombia in 2008. The company’s assets include 8 regional shopping centers, 1 neighborhood center, 4 premium outlet malls and 17 strip centers in Chile; 6 regional shopping centers, 9 neighborhood centers, 2 premium outlet malls and 3 strip centers in Peru; 3 regional shopping centers and 1 premium outlet mall in Colombia, as well as a land bank to contribute to the company’s future growth plans.

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REAL ESTATE INVESTMENT

VENTERRA REALTY ACQUIRES ORANGE PARK MULTI-FAMILY COMMUNITY

VENTERRA REALTY | December 20, 2021

Venterra Realty has purchased The Villages at Oakleaf, a 512-unit, garden-style multifamily, located within the Oakleaf Plantation master-planned community and consisting of Gemstone, Fieldstone, Cobblestone, and Village at Oakleaf Plantation in suburban Jacksonville, Florida. The Villages at Oakleaf was built in five different phases between 2008 and 2018. It is the only apartment community in Oakleaf Plantation, giving it unique access to the centralized multi-million-dollar community recreational amenity center, which includes swimming pools, a water park, picnic areas, sports fields, tennis courts, basketball courts, and indoor fitness centers Located in Clay County, an area known to have a superior school system, the community provides a desirable living choice for families. With the presence of large unit sizes and many floorplans offering 3- and 4- bedroom options, as well as many kid-friendly amenities including a playground, The Villages at Oakleaf can provide families with an exceptional living experience. All three schools to which The Villages at Oakleaf are zoned are highly rated and within walking distance. We are pleased to announce the acquisition of these premier assets and add another high-quality property to our Florida portfolio,Demand for family-centric rental options is strong in today's housing market. The Villages at Oakleaf stood out to our acquisition team due to its extensive amenity package across the property sure to appeal to all types of renters, with families at the forefront." John Foresi, Venterra CEO Jacksonville was ranked as the fastest-growing Florida city by the U.S. Census Bureau in 2020, ranking 9th in the country in terms of highest in-migration in the U.S. Before the pandemic, Jacksonville averaged 2.6% annual job growth between 2011 and 2019, compared to the U.S. average of 1.7% for the same period. The Jacksonville MSA is one of only a handful of major markets in the country that has recovered all jobs lost during the pandemic. Jacksonville's booming population and demand was a key driver in this acquisition, We look forward to optimizing the operations at this community, creating value for our investors, and providing an exceptional living experience for residents of Jacksonville." Venterra Chairman, Andrew Stewart. Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee.™, the 48-Hour Maintenance Guarantee, SMARTHUB, as well as their overall commitment to providing a world-class living experience for which Venterra has become known. About Venterra: Founded in 2001, Venterra Realty owns and manages approximately 70 communities and more than 20,000 apartment units across 13 major US cities that provide housing to over 40,000 people and 12,000 pets. The organization has completed $7.2 billion in real estate transactions and currently manages a portfolio of multi-family real estate assets valued at approximately $4.0 billion. Venterra is committed to improving the lives of its residents by delivering industry-leading customer experience.

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Red Oak Capital Group Launches Red Oak Capital Fund V, A Real Estate Bond Offering

prnewswire | August 27, 2020

Red Oak Capital Group ("Red Oak"), an investment manager and provider of debt capital solutions for commercial real estate projects, today announced that Red Oak Capital Fund V, LLC ("the Fund") has been fully qualified by the SEC and is now open to investor subscriptions. The Fund is a Regulation A+ Tier II bond offering designed to provide investors with a vehicle to access the commercial real estate space. The bonds are securitized by senior secured commercial mortgage notes and are backed by existing income-producing commercial real estate properties in the United States.

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