REAL ESTATE INVESTMENT
Dalfen Industrial | January 12, 2022
Dalfen Industrial has acquired a 417,600 square foot industrial building in Lathrop, CA – a submarket within East Bay's Central Valley. The opportunity was sourced off-market and is 100% occupied with an additional 10.85 acres of prime developable land.
The property has a strategic last mile location with close proximity to I-5 as well as the Port of Stockton and the Union Pacific and BNSF Railroads. This location offers access to over 839,000 people within a 30-minute drive with a population that is growing at a rate 47% faster than the national average. Other companies in the area include Home Depot, Wayfair, Tesla, Amazon, DHL and Kraft.
Strong growth dynamics in this region have resulted in increasing industrial demand, making this a great addition to our west coast portfolio, The Central Valley is a major west coast distribution hub with same-day delivery capabilities to nearly 46 million people between San Francisco, Sacramento, Los Angeles, San Diego, and Las Vegas, and all the cities in between."
Rich Weiss, Market Officer for Dalfen.
This acquisition exemplifies our continued focus of adding strategically located west coast industrial assets to our portfolio in order to bolster our last mile fulfillment center footprint in the region markets."
Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial.
About Dalfen Industrial
Dalfen Industrial is one of the nation's largest buyers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen currently owns and operates millions of square feet of premier industrial properties throughout the United States.
REAL ESTATE INVESTMENT
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.
REAL ESTATE TECHNOLOGY
prnewswire | November 19, 2020
Business property estimations have changed over the most recent a half year because of the pandemic and land is at present in an unchartered area. That is as indicated by the leader of business land financier NAI Pleasant Valley, Alec Pacella, who spoke Wednesday at the 2020 REALTORS Conference and Expo.
Pacella, who facilitated a meeting named, "Selling CRE Properties: How COVID-19 Impacts the Numbers," summed up the ongoing history of the business land industry, including its estimating file, esteem pinnacles and purchaser desires.
"In the early part of last decade – 2006, 2007, 2008 – expectations were actually greater than the pricing index. There was more demand than there was supply."
Yet, in 2009 and 2010, as Pacella notes, desires were lower than the estimating list. Therefore, interests in business land were almost nonexistent.
"No deals were happening then," he said. "You couldn't give real estate away in a lot of markets because the expectations were so low."
The situation Pacella portrays isn't not normal for the present status of business land, the same number of proprietors of once-beneficial organizations have watched famous chains battle or be compelled to forever close their entryways.
Pacella says the way to exploring this market is for land owners and speculators to look after exchange. Also, as a result of the market's repeating nature, Pacella says financial specialists will need to be in position to underwrite when conditions ultimately improve.
"In an uncertain market, it's critical to keep conversations going." Having a strategy to engage in open conversation, he says, could eventually lead to a deal in the future.
In the business land area, exchanges can happen when markets are rising or falling, as indicated by Pacella.
"We could sit there and sit on our hands and say 'we're out of business; come talk to me in 2021, 2022 when things get back.' No, that's not what we do, that's not how most of us are wired."
The National Association of Realtors® is America's biggest exchange affiliation, speaking to more than 1.4 million individuals engaged with all parts of the private and business land enterprises.