MoxiWorks and 1000watt partner to bring real estate brokerages better web design, stronger messaging

MoxiWorks | June 09, 2020

MoxiWorks, a leading real estate technology platform provider, and 1000watt, a creative and marketing agency dedicated to real estate, have announced a partnership to provide real estate brokerage companies with web design and messaging services that will strengthen their value proposition and create competitive advantage. Under terms of the partnership agreement, MoxiWorks clients who are looking to further enhance their website may elect to upgrade to a design created by 1000watt's award-winning design team. The upgrade also includes positioning and value proposition copy for the website homepage. Both design and copy will be informed by a discovery workshop conducted by 1000watt.

Spotlight

There are a range of mortgage choices available, but before getting a home loan you should educate yourself on the one that's right for you. Redfin Agent Chad Pluid discusses the different choices available.

Spotlight

There are a range of mortgage choices available, but before getting a home loan you should educate yourself on the one that's right for you. Redfin Agent Chad Pluid discusses the different choices available.

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Harbor Group International, Cammeby's Acquire New Jersey Portfolio for $1 Billion

Harbor Group International, LLC | September 02, 2021

Affiliates of Harbor Group International, LLC, a privately owned international real estate investment and management firm, today announced a joint venture with Cammeby's International Group for the $1.05 billion acquisition of a portfolio of multifamily assets throughout New Jersey. The portfolio consists of 41 workforce housing communities, totaling 5,302 units. HGI will invest approximately $46 million for capital improvements and enhancements across the properties. The firm will renovate 50% of the interior units and invest in operational improvements throughout the portfolio. "As we continue to expand our investment platform, the acquisition of the Garden State portfolio represents the large-scale, attractive opportunities Harbor Group International identifies for our investors. This portfolio offers significant value-add potential and mark-to-market opportunity amid growing demand for housing outside of large urban cities," said Richard Litton, President, HGI. "We are pleased to have an experienced partner in Cammeby's as we embark on this venture, given their strong presence in the region." The portfolio spans 14 cities in North, Central and South New Jersey, with a concentration in Union, Morris and Essex. A majority of the portfolio is located in key suburban markets near major New Jersey employers, including Prudential Financial, Johnson & Johnson, Bayer Corp. and Quest Diagnostics. The portfolio assets are also proximate to other key markets and employment hubs, including New York City and Philadelphia. Harbor Group Management Company, HGI's property management arm, will assume the management of 10 assets within the portfolio. Eastdil Secured brokered the transaction and advised on the debt alongside Meridian Capital Group. Lawrence H. Bryant at Williams Mullen served as counsel to HGI and Steven Fleissig at Greenberg Traurig served as counsel to the seller. "On behalf of Meridian, it was again an honor and privilege to represent Harbor Group International and Cammeby's International Group in negotiating financing for this monumental acquisition. Working in direct coordination with Capital One and Freddie Mac allowed us to secure a combination of fixed- and floating-rate financing that provided optimal flexibility in the short-term while allowing them to achieve their long-term goals for the assets," said Abe Hirsch, Senior Managing Director at Meridian Capital Group. About Harbor Group International Harbor Group International, LLC, and its affiliates control an investment portfolio of $14.5 billion including 4.4 million square feet of commercial space throughout the United States and the United Kingdom and 53,000 apartment units in the United States. In addition to its corporate headquarters in Norfolk, Virginia, HGI maintains offices in New York, Baltimore, Los Angeles, and Tel Aviv.

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BUYING/SELLING

AF Spaces Partners With Bedrock, Welcomes Notable Real Estate Company To Retail Platform

Bedrock | October 05, 2021

AF Spaces, the retail platform directly connecting commercial landlords and retailers to arrange pop up storefronts, announces a partnership with Bedrock. Through the collaboration, AF Spaces will add over 32,000 square feet of downtown Cleveland real estate to its platform within the iconic Tower City Center. Acquired by Bedrock in 2016, Tower City Center is Cleveland's iconic hub for shopping, dining, and entertainment. AF will connect its nationwide network of brands to available retail storefronts for immediate short-term pop-up shop opportunities, as part of Bedrock's plan to reimagine the Center as a destination marketplace. Tower City Center also features a mix of commercial office tenants with direct access to the Greater Cleveland Regional Transit Authority and Public Square. As an anchor of downtown Cleveland, Tower City is adjacent to landmarks such as The Ritz Carlton and the Terminal Tower. We are thrilled to welcome Bedrock to our growing list of world class landlords on the AF SPACES platform. We're honored that they've reached out to us to leverage our platform and nationwide network of innovative and emerging brands. For the first time at Tower City, brands will be able to efficiently and seamlessly 'test drive' their own Cleveland storefront. At the same time, local residents will have the opportunity to engage with their favorite brands face-to-face. - AF Spaces CEO and Founder of AF, Mark Bollman. AF SPACES is a natural extension of American Field, a brand discovery marketplace, whose mission is to provide opportunities for brands to grow. AF Spaces has built a curated network of 2,500 brands including Fatherty, Topo Designs, Shcott NYC, and Ball and Buck alongside a nationwide network of landlord partners. The platform affords brands the ability to test drive storefronts through streamlined short-term agreements with leading landlords. These activations bring fresh traffic to dark spaces while landlords secure traditional long-term tenants. ABOUT AF Founded in 2012 by Mark Bollman, AF's mission is to connect innovative brands with consumers and reimagine retail. Their self-fulfilling ecosystem of consumers, brands, and retail spaces is paving the way for the future of brand commerce.

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Global Real Estate Firm Harwood International Unveils Design Of Its Tallest Office Tower

prnewswire | October 16, 2020

Global real estate firm Harwood International has unveiled the design behind its tallest office development. Towering at 27 stories, Harwood No. 14 will be centrally located in the 19-city block Harwood District. The Class AA tower's design is heavily influenced by nature, featuring a two-story lobby with monumental stairs blending indoor/outdoor features, landscaped plateaux, a finned curtainwall system that is the first in Dallas, open air pocket gardens, and a spectacular 17,000 SF rooftop and sky garden complementing Harwood No. 10's sky gardens just across the street.

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