REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Marcus & Millichap | February 01, 2023
On January 31st, 2023, Marcus & Millichap, a renowned commercial real estate brokerage company specializing in investment sales, research, financing, and advisory services, signed an exclusive representation agreement with Deep South Studios LLC to secure joint venture equity for the development of Deep South Studios Phase I.
The project is based in New Orleans, Louisiana, and involves the construction of a 262,560-square-foot, full-service television and film production facility. The sponsor, Deep South Studios LLC, is represented by Henri M. Kessler and Eric Michael Anton of Marcus & Millichap's Global Capital Division.
The facility's primary utilities are operational, and three buildings are functional and generating revenue. The site is wholly authorized and ready for development. Two production offices, six sound stages varying in size from 16,500 to 30,000 sq. ft., and vendor buildings totaling 99,000 sq. ft. will form the project. There will be a construction mill for creating world-class sets, a grip and lighting installation, and as many as one thousand parking spaces.
The facility is situated on a 20-acre site, the largest contiguous tract of undeveloped land in the heart of New Orleans. Located on elevated ground on the west side of the Mississippi River in the Algiers area, it is accessible from Interstate 10 and Louis Armstrong New Orleans International Airport. The French Quarter and the central commercial district of the city are nearby.
About Marcus & Millichap, Inc.
Marcus & Millichap was founded in 1971 to foster a culture of long-term relationships and collaboration. Headquartered in Calabasas, California, it is a leading brokerage firm focusing on commercial real estate investment sales, research, financing, and advisory services. The company combines expert market knowledge, an excellent brokerage platform, and exclusive access to inventory to realize exceptional results for clients. Today, it is one of the leading firms in the real estate investment sales and financing industry, with over 80 offices and almost 2,000 financing and investment sales professionals in Canada and the United States.
Read More
MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | March 09, 2023
The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West.
The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months.
The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022.
About The Agency
The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.
Read More
MARKET OUTLOOK,REAL ESTATE INVESTMENT
MLG Capital | January 11, 2023
MLG Capital, a frontrunner in diverse private real estate investments, recently announced that its acquisitions in 2022 topped $1.2 billion, setting another company record.
Notably, the company's first year with $1 billion in asset acquisitions was 2021. It also continued to achieve success over the past year by acquiring 1.8 million square feet of commercial space in over 7,100 multifamily apartment units and 14 states.
MLG announced its sixth diversified fund in May 2022, aiming to raise $400 million in equity. The company's latest product, MLG Legacy Fund, also witnessed significant growth. With only two years since its establishment, the fund has already amassed over $700,000,000 in property holdings.
MLG's achievements also led to national and regional recognition in 2022. For two years in a row, Inc. 5000 named it as one of the fastest-growing private companies in the United States.
Additionally, GlobeSt. Real Estate Forum has named the company a Multifamily Influencer while Milwaukee Business Journal has named it one of Milwaukee's 'Best Places to Work'. Individual employees also earned distinctions, including Rising Star by Multi-Housing, News Woman of Influence by GlobeSt. Real Estate Forum, and so on.
Senior Vice President of MLG Capital, David Binder, said, "MLG has invested in over $5.6 billion of transactions, which is the total of sold assets and the estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, inclusive of more than 33,900 multifamily apartment units across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry." He also said, "Paramount to our growth and successes this past year is the strong support and trust from our valued investor and deal partners across the country. As we look ahead to 2023, we will continue to focus on finding smart real estate deals across the country by working with best-in-class deal partners, with a dedication to transparency, absolute integrity and making a difference while making a living."
(Source: Accesswire)
About MLG Capital
MLG Capital is a private equity investment firm and direct real estate operator. Its primary goal is to increase the value of its clients' holdings. Investors around the United States trust the company because of its solid reputation and track record of positive returns, built up over 35 years of business. The current department portfolio includes more than 33,900 apartment units. Investing with MLG Capital, the investors relish tax efficiency, prioritized returns and geographic, asset type and real estate manager diversifications.
Read More