REAL ESTATE TECHNOLOGY

Schottenstein Real Estate Group sells developments for $177 million and announces 1200 new construction units

prnewswire | February 02, 2021

Schottenstein Real Estate Group sells developments for $177 million and announces 1200 new construction units
Schottenstein Real Estate Group, one of the biggest land improvement organizations in the Midwest, declares the offer of three of their advancements adding up to $177 million. The Delaware County advancements included are Powell Grand Communities, situated on Sawmill Parkway and Seldom Seen Roads, and Northlake Summit situated at Route 36/37 and I-71, which were offered to Cortland. Furthermore, Central Gardens Grand situated in Palm Beach Gardens, FL was offered to L&L Investors. Overseeing Partner for Schottenstein Real Estate Group, Corey Schottenstein expressed, "Our developments were located in perfect locations for these times in high end suburban areas, and the type of product we develop is probably one of the best real estate investments in the current economic climate."

President of Schottenstein Real Estate Group, Brian Schottenstein says, "Our company has been fortunate to achieve a great year despite the unfortunate Covid pandemic, thanks to all of our employees involved and the nature of our developments.  We currently have over 1200 new units in construction, and as our industry continues to boom, more are planned."

Schottenstein Real Estate Group's emphasis on top of the line rental advancements is unequivocally obvious in their new tasks. One of the freshest: Liberty Grand Communities is the principal actually enormous arranged rental local area affirmed in Liberty Township, Delaware County, OH. Freedom Grand Communities sits on 300 sections of land only northwest of Olentangy Liberty High School close to Sawmill Parkway and Home Roads. It incorporates a blend of condos, garden lofts and farm homes, all with a couple of vehicle carports and different recently planned plans incorporating those with first floor main rooms. Occupants can exploit creative conveniences including a 14,000 square foot clubhouse, bocce ball, pickle ball, canine park, putt, a local area garden, resort style pool and lap pool, lounges, fishing wharf, bistros, card rooms and a 24-hour wellness focus. Freedom Summit is likewise in development in Liberty Township, Delaware County, OH. Orange Grand Communities is at present being created as the freshest and most pleasant rental local area ever underlying Orange Township, Delaware County, OH.

Spotlight

Throughout the years, Chicago Title Insurance Company has grown in stature with a solid reputation for integrity and standing the test of time. In 1920 the scope of the Company's business extended beyond Cook County, Illinois where it started in 1847. In the late 1940s, Chicago Title moved to 111 W. Washington Street and continued developing and expanding its extensive statewide organization. In the 1950s Chicago Title reached beyond its state borders to increase its title insurance business. It was then, Chicago Title Insurance Company, as we know it today, was developed as a wholly owned subsidiary of Chicago Title and Trust Company.

Related News

REAL ESTATE INVESTMENT

Orion Real Estate Partners Acquires 155-Unit Value-Add Apartment Complex in San Marcos, Texas (Austin MSA)

Orion Real Estate | December 30, 2021

Los Angeles-based Orion Real Estate Partners ("Orion") announced today that it has acquired The Timbers, a garden-style apartment community in San Marcos, Texas. Orion purchased the 155-unit apartment community from The Jacobson Company who owned it since 2016 and plans to invest approximately $1.7mm in interior and exterior improvements. The Property sits on a nine-acre, irreplaceable hilltop site overlooking downtown San Marcos and Texas State University (TXST), home to 38,000 students. San Marcos is well positioned as an increasingly attractive and affordable alternative to Austin, home to over 2.1 million people with notable employers such as Apple, Facebook, Oracle, Google, Dell, and Tesla. The Timbers is located just 30 minutes away from downtown Austin. This is Orion's sixth acquisition in the central Texas corridor, spanning from Austin to San Antonio, and the firm is focused on expanding its portfolio in the area. Orion has a favorable long-term outlook on central Texas and expects that the corridor will continue to outperform the nation in both job and population growth. CBRE Multifamily Capital provided an acquisition loan through East West Bank, and Orion engaged Peak Campus, a national leader in student-housing, to provide property management services. About Orion Real Estate Partners: Orion Real Estate Partners is a private real estate investment firm that targets value-add multifamily assets in Western US markets with strong demographics and job growth. Utilizing proven institutional processes to source and manage investments, we identify assets with capital and operational repositioning opportunities to provide attractive returns for our investors.

Read More

BBVA USA launches milestone green commercial real estate loan throughout its footprint

prnewswire | September 17, 2020

BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank's new 5-year strategic plan implemented in January 2020. The loan is designed to help small business owners with closing costs related to the purchase of commercial real estate, provided the property meets certain environmental sustainability standards. The loan is another step the bank is taking in support of the second pillar of its strategic plan - focusing on aligning business efforts with economic, social and environmental sustainability.

Read More

Real Estate Developer Passes Square Footage Milestone

prnewswire | October 05, 2020

Through a series of recent developments and acquisitions, Welcome Group, LLC, now has more than 5 million square feet of industrial space within the company's commercial real estate portfolio in Texas. The Houston, Texas-based real estate owner and developer's extensive growth aligns with the company's expansion goals. Welcome Group's robust portfolio consists of single-tenant commercial, distribution, lab, and manufacturing properties. The company is actively seeking more development, purchase and sale-leaseback opportunities to achieve the next goal of owning over 6 million square feet of industrial real estate space by the end of 2021.

Read More

Spotlight

Throughout the years, Chicago Title Insurance Company has grown in stature with a solid reputation for integrity and standing the test of time. In 1920 the scope of the Company's business extended beyond Cook County, Illinois where it started in 1847. In the late 1940s, Chicago Title moved to 111 W. Washington Street and continued developing and expanding its extensive statewide organization. In the 1950s Chicago Title reached beyond its state borders to increase its title insurance business. It was then, Chicago Title Insurance Company, as we know it today, was developed as a wholly owned subsidiary of Chicago Title and Trust Company.