Greater Palm Beach Area Home Sales Rise in September

Miami Association of Realtors | November 13, 2019

According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332. "Palm Beach is becoming more of an established community, and it's attracting a diversified list of homebuyers," 2019 JTHS-MIAMI President Kim Price said. "More residents of high-tax states such as New York and California are looking to live here because of Palm Beach's overall growth as a county, from academic to health care to cultural institutions."

Spotlight

Commenced operations in 2005 as a JV between Emaar Properties and a local partner, the latter being Emaar Properties PJSC, a Dubai-based Public Joint Stock Company listed on the Dubai Financial Market, is a global property developer and provider of premier lifestyles. Emaar has been shaping landscapes and lives in the Emirate since the company’s inception in 1997. The company specializes in creating value-added, master-planned communities that meet the full spectrum of lifestyle needs. A highlight of Emaar’s approach to developing integrated lifestyle destinations is Downtown Dubai, the 500-acre mega-project, home of Burj Khalifa, The Dubai Mall and The Dubai Fountain.fully bought out in 2007 Fully owned subsidiary of Emaar Properties, A leading developer of premium master planned lifestyle communities in Egypt, Prime locations with unique landmarks

Spotlight

Commenced operations in 2005 as a JV between Emaar Properties and a local partner, the latter being Emaar Properties PJSC, a Dubai-based Public Joint Stock Company listed on the Dubai Financial Market, is a global property developer and provider of premier lifestyles. Emaar has been shaping landscapes and lives in the Emirate since the company’s inception in 1997. The company specializes in creating value-added, master-planned communities that meet the full spectrum of lifestyle needs. A highlight of Emaar’s approach to developing integrated lifestyle destinations is Downtown Dubai, the 500-acre mega-project, home of Burj Khalifa, The Dubai Mall and The Dubai Fountain.fully bought out in 2007 Fully owned subsidiary of Emaar Properties, A leading developer of premium master planned lifestyle communities in Egypt, Prime locations with unique landmarks

Related News

MARKET OUTLOOK

Centennial Property Group Announces A$ 100 million Senior Secured Loan Note Program Offering

prnewswire | November 09, 2020

This archive is arranged and given by CPG Financial Services Pty Ltd ACN 162 617 843; AFSL No. 436802 ("CPGFS"). Issues of Loan Notes will be made under a game plan between the backer of the Loan Notes, Centennial LN Pty Limited (ACN 645 494 177) ("the Issuer"), and CPGFS for the reasons for area 911A(2)(b) of the Corporations Act (Australia). The Issuer declared today that it means to offer, subject to advertise and different conditions, an AUD$100 million total head senior made sure about advance note (Program) in a private situation. CPGFS, for the benefit of the Issuer, looks for articulations of premium from people who are qualified to gain Loan Notes (see "Qualification" underneath) and whose conventional business incorporates the purchasing and selling of or putting resources into obligation interests of a sort like the Loan Notes to partake in the Program. CPGFS may, every once in a while, make recommendations to those Investors who have communicated a premium in partaking in the Program for the issuance of Loan Notes. The Issuer will contribute the returns of calls to be made under the Loan Notes in contract made sure about land advances to Australian property speculators and engineers. Key Features of the Program An outline of certain critical highlights of the Program is set out underneath. This record doesn't indicate to be finished and is qualified completely by, and Investors should peruse the entire of, the private Information Memorandum, the applicable Supplementary Information Memorandum, the Loan Note Subscription Deed and the other Transaction Documents of the significant Series of Loan Notes to settle on an educated choice about whether to put resources into any Loan Notes. About Centennial Property Group The Issuer is managed by CPG Lending Pty Ltd, a wholly owned subsidiary of Centennial Property Group ("CPG"). CPG was established in 2012 as a private family office style property investment group specialising in actively managed property investments, developments and property-backed lending. Since that time it has undertaken transactions with a total value of $1.6 billion and has provided consistently compelling risk adjusted returns to its investors. However, potential investors should note that past performance is not a reliable indicator of future performance and should not be relied upon in making a decision to invest in Loan Notes. The underlying loan portfolio will comprise loans for property investments and projects with similar characteristics to the property projects in which CPG has invested its Centennial Mortgage Opportunities Fund. The loans will typically be on less conservative lending terms than those offered by banks (constrained by Basel III and regulatory requirements) and thereby achieve an enhanced return for the Investors.

Read More

REAL ESTATE TECHNOLOGY

Reonomy Expands its Commercial Real Estate "Market Glances" to 30 MSAs

Reonomy | August 04, 2021

Reonomy, the leading provider of actionable CRE data, has expanded its Market Glance insights to a total of 30 Metropolitan Statistical Areas (MSAs), across Multifamily, Office, Retail, Industrial and Hospitality categories. The expansion is part of Reonomy's commitment to helping organizations–ranging from brokerages and banks, to commercial services providers–better understand the people, properties and companies behind commercial real estate (CRE). Reonomy pulls data from a vast network of providers to aggregate insights on all commercial properties across the US, including assessor, census, transaction, geospatial, ownership and occupant data. Using machine learning and proprietary entity resolution capabilities, Reonomy then stitches together all data sources on the parcel level with a single identifier. The resulting data set is an industry-leading collection of insights across more than 50 million commercial properties. Reonomy's Market Glances draw upon this dataset to provide a timely snapshot of each MSA. Centered around the Reonomy Price Index (RPI)–a collection of composite sales price indices measuring change and fluctuation of markets by asset type–the Market Glances also include sales mix, sales volume, market share, monthly transactions and noteworthy sales. Notable findings in Reonomy's latest refresh of its Market Glances include: Pandemic Recovery is Spotty for Offices: Across 30 markets, just three have recovered to pre-pandemic levels in terms of office sales volume: San Antonio (+20%), Phoenix (+20%) and Tampa (+12%). All others sit at or below 2019 levels. What Tech Exodus?: San Francisco's 12-month rolling average RPI of 382 for Office transactions is higher than at any point in the past 20 years–indicating that the impact of a "tech exodus" from the Bay Area has been dramatically overstated. Retail's Struggle: While retail sales volume has recovered to 2019 levels in a handful of MSAs, it remains precipitously low in cities like New York, where volume has decreased by 80% compared to pre-pandemic levels in 2019, and in Dallas, where volume has decreased by 54% compared to 2019. "The commercial real estate data landscape is incredibly fragmented. Reonomy is designed to help CRE professionals make smarter decisions with all of their data and insights in one place," said Bill Okun, CEO of Reonomy. "We make these Market Glances available to the public so that everyone in CRE can understand, from a macro level, what's happening in a given area. Whether you're looking into noteworthy transactions in a specific city or are interested in market share by square footage, we have the analysis in one convenient place." About Reonomy Reonomy is the leading provider of CRE insights, empowering top brokerages, financial institutions, and commercial services providers with actionable data and solutions. Armed with Reonomy's enterprise-grade products, CRE professionals and organizations gain comprehensive market understanding, discover opportunities, and streamline research processes.

Read More

HOME AND DESIGN

Premier Developer Breakthrough Properties Launches Lab and Office Solution

Breakthrough Properties | March 10, 2022

On March 9th, leading global property developer, Breakthrough Properties, launched StudioLabs by Breakthrough. The new solution is an end-to-end lab and office solution that specializes in hyper growth life sciences in company. Breakthrough Properties is also a joint venture by Tishman Speyer and Bellco Capital. It operates Class A life sciences real estate. We have conceived, designed, and programmed StudioLabs as a best-in-class life sciences environment where promising companies are able to conduct science on day one. More than providing the highestquality labs and infrastructure, we provide companies with a dedicated on-site team with decades of experience creating and operating labs. Our mission is to handle the most operationally intensive aspects of the lab environment so that companies in our StudioLabs ecosystem have the freedom tofocus solely on growthand discovery." Susie Harborth,Business Operations ofBreakthrough Properties EVP Over 28,000 square feet of the inaugural StudioLabs location have already been leased out and will be open this summer. StudioLabs offers fully furnished office suites and private labs ranging from 4,000 to 15,000 square feet of rentable property. It has huddle rooms, wet lab spaces, lab utilities with starter lab equipment packages, and lab support rooms. StaudioLabs is the latest addition to the global network of flexible workspaces operated by Tishman Speyer brands like Studio, Studio Private, and Studio Gather. Tishman Speyer Senior Managing DirectorDavid Augarten, also said, "Tishman Speyerlaunched Studio in 2018 to serve as an unparalleled community for visionaries and business pioneers.We are thrilled to partner with Breakthrough in adapting and extending our network to support a new generation of innovators in the life sciences community."

Read More