Mainland China Firms Acquiring a Majority of Hong Kong's Developable Land in 2019

JLL | July 05, 2019

According to JLL's latest Hong Kong Residential Sales Market Monitor report, only two remaining residential sites to be tendered on the Kai Tak runway could enjoy Victoria Harbour views after the government awarded the tender for Kai Tak Area 4C Site 1 site. Developers will remain keen in acquiring sites in Kai Tak because there are fewer land supply with Victoria Harbour view.

Spotlight

Madison Logic is excited to announce a bi-directional integration with Oracle Eloqua, combining best-in-class lead and campaign management skills with Madison Logic’s global reach and advanced targeting. Now Oracle Marketing Automation users are able to align their messaging and targeting throughout the funnel to accelerate their buyer’s journey.

Spotlight

Madison Logic is excited to announce a bi-directional integration with Oracle Eloqua, combining best-in-class lead and campaign management skills with Madison Logic’s global reach and advanced targeting. Now Oracle Marketing Automation users are able to align their messaging and targeting throughout the funnel to accelerate their buyer’s journey.

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REAL ESTATE INVESTMENT

Staley Point Capital Acquires City of Industry Industrial Property for $22 Million

Staley Point Capital | January 15, 2022

Staley Point Capital ("Staley Point"), a value-add investor focused on infill industrial properties, today announced the off-market acquisition of 18689 Arenth Ave, a 97,000 square-foot industrial asset in the City of Industry, California, for $22 million or $227 per square foot. The transaction represents the firm's first investment in the San Gabriel Valley market. The institutional quality, 86% leased asset is 24-foot clear with eight dock high positions and a functional concrete truck court. The City of Industry benefits from its central location at the intersection of Los Angeles, Orange, San Bernardino and Riverside Counties. This asset has direct access to Highway 60 which connects the affluent West LA consumer markets, two nearby intermodal yards and the distribution centers in the Inland Empire. We are excited to close our first acquisition in the San Gabriel Valley which is one of the most supply constrained markets in the Country, The San Gabriel Valley is critical to the movement of products and materials from Asia, Mexico and the Pacific Coast to the eastern United States. The City of Industry is a sought-after logistics corridor with ideal local infrastructure and the ability for businesses to operate 24-hours a day." Eric Staley, Managing Director of Staley Point. The acquisition was completed via a joint venture between Staley Point Capital and Bain Capital Real Estate. The vehicle has been an active acquiror of infill industrial properties on the West Coast since launching in September 2020. Most recently, Staley Point closed on 2425 Saybrook Ave., a 42,000 square-foot industrial property in Commerce, CA for $12.95 million and 12450 Foothill Blvd., a 103,000 square-foot industrial asset in Sylmar, CA for $24 million. Winston & Strawn served as legal counsel to Staley Point Capital for the transaction. JLL represented both the buyer and seller and JLL Capital Markets will arrange the loan financing. About Staley Point Capital Staley Point Capital is a Los Angeles-based real estate investment firm. The firm was founded in 2019 by Kevin Staley and focuses on the acquisition of value-add and opportunistic real estate investments primarily in the industrial sector. Notable Southern California investments have included The Citadel in the City of Commerce, Magellan Gateway in El Monte and a self-storage portfolio, Magellan Storage.

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REAL ESTATE INVESTMENT

EOS INVESTORS LLC ACQUIRES BEACH HOUSE RESORT

EOS Investors | March 04, 2022

EOS Investors LLC ("EOS"), a privately held real estate investment firm, today announced its acquisition of the Beach House Resort, an oceanfront resort in Hilton Head Island, South Carolina, one of the Southeast's most well-established leisure markets. We are excited to welcome another high-quality, leisure destination to EOS's portfolio of more than 3,700 oceanfront keys in South Carolina, Beach House aligns with our strategic approach of identifying unique assets in high barrier-to-entry markets. Hilton Head Island serves nearly 2.5 million annual visitors and no resorts have been developed on the beachfront in over 35 years." Tom Burns, Managing Director of EOS Investors. We look forward to building upon the longstanding success and welcoming hospitality that the Beach House Resort has fostered for many years. We are excited to invest in the property and feature added offerings for hotel guests and Hilton Head visitors alike in the years to come." Simon Mais, Chief Operating Officer at EOS Hospitality. Situated on 4.6 acres with 400 linear feet of prime beachfront, the Beach House Resort offers 202 keys with ocean views and private patios, an expansive outdoor pool, fitness center, and a business center. The resort offers guests several dining options, including the Tiki Hut, the only live music beach venue in Hilton Head. The property boasts 7,000 sq. ft. of indoor and 10,000 sq. ft. of outdoor meeting space, which consists of eight individual indoor spaces, two outdoor spaces and a 1,000 sq. ft. ballroom. The Beach House is also conveniently located one block from Hilton Head's premier shopping center, Coligny Plaza, featuring over 60 shops and restaurants, as well as events during the summer season. The acquisition of the Beach House Resort further expands EOS's presence in coastal South Carolina following the acquisition of Kingston Resorts in 2019 and partnership with Brittain Resorts in 2021, both in Myrtle Beach. About EOS Investors: EOS is a fully integrated investment firm dedicated to identifying and creating value within the hospitality sector. EOS utilizes a highly selective investment approach focused on high-quality, differentiated assets with attractive risk-adjusted returns. Headquartered in New York City, EOS seeks investment opportunities across the United States, with an emphasis on major urban markets and resort destinations.

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REAL ESTATE INVESTMENT

Capital Square Launches $300 Million Multifamily Institutional Development Fund

Capital Square | May 25, 2022

Capital Square, a national real estate investor and an active developer of multifamily communities, announced the launch of Capital Square Multifamily Development Fund I, L.P. The fund seeks to raise up to $300 million in equity from institutional investors who will participate in the development of a portfolio of ground-up, multifamily real estate communities located in emerging secondary markets in the Mid-Atlantic and Southeast regions of the United States. There is a shortage of quality housing that traces its origin to the Great Real Estate Recession. The shortage was exacerbated by the COVID-19 pandemic that delayed or halted many new developments. To accelerate the development of new Class A institutional-quality multifamily communities, the fund will focus on shovel-ready, ground-up sites. Capital Square is bullish on Class A multifamily investments that generate an unrivaled combination of stable cash flow, appreciation potential and inflation protection. Investors are flocking to the multifamily asset class." Louis Rogers, Founder and Chief Executive Officer of Capital Square Capital Square Multifamily Development Fund I continues Capital Square's focus on investing in quality multifamily assets that have an opportunity to provide outsized returns to investors. The fund will invest in the limited partner equity portion of the capital stack and will focus on emerging secondary growth markets (e.g., Richmond, Charleston, and Knoxville) that lack institutional capital investment, including Richmond, Virginian, Charleston, South Carolina, and Knoxville, Tennessee. "The housing crisis in this country has created strengthening fundamentals in our target markets, and multifamily investment continues to provide strong opportunities for compelling risk-adjusted returns for investors and will do so for the foreseeable future," said Whitson Huffman, chief strategy and investment officer. Capital Square Multifamily Development Fund I seeks to invest in more than $850 million of development projects. The portfolio is expected to be comprised primarily of multifamily developments sponsored by one of Capital Square's vetted joint venture development partners. Under its current growth strategy, Capital Square plans to launch additional multifamily development fund offerings approximately every two years. Over the past 10 years, Capital Square has completed more than $5.6 billion in real estate transactions in emerging secondary markets, including the acquisition of 13,100 multifamily units. Additionally, Capital Square is currently developing eight multifamily projects totaling 1,954 units. The company has cultivated an extensive network of owners, developers, and commercial real estate brokers that provide comprehensive sourcing ability and market intelligence. About Capital Square Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of multifamily properties in the southeastern US, with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $5.6 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020.

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