Price growth in prime global city markets falls to lowest since 2009

Knight Frank | May 23, 2019

Prime property prices in key cities around the word are continuing to moderate with the latest data showing they increased by 1.3% year on year, down from growth of 4.3% two years ago. The index from international real estate firm Knight Frank, covering the first quarter of 2019, reveals that the growth in the 12 months period was the lowest annual rate since the fourth quarter of 2009. The highest growth was a price rise of 14.1% year on year on Berlin, followed by a rise of 12% in Moscow, a rise of 9.6% in Frankfurt, a rise of 8.4% in Tokyo and a rise of 7.6% in Edinburgh

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At Starwood Capital Group, we don’t just look at real estate as it is today—we see it as it could be. This idea extends to our approach to environmentally responsible investing as well. Instead of accepting the status quo that says conservation is a secondary concern when managing property, we are committed to setting a new standard for the private equity industry.


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REAL ESTATE TECHNOLOGY

Thompson Thrift Residential Announces Luxury Multifamily Community in Daytona Beach

Thompson Thrift | May 25, 2022

Thompson Thrift Residential, a wholly-owned affiliate of Indianapolis-based Thompson Thrift and one of the nation's leading multifamily developers, announced today the development of Drift, a luxury multifamily community in Daytona Beach. Thompson Thrift plans to welcome new residents beginning in the summer of 2023. Drift's central location provides residents with easy access to Daytona Beach and other large cities along Florida's eastern coast. The Daytona market has witnessed high demand for multifamily communities over the past 10 years and we are pleased to be bringing one of our distinctive luxury communities to this growing community." Josh Purvis, managing partner for Thompson Thrift Residential Located off Williamson Boulevard near the southwest corner of Interstate 95 and Granada Boulevard, the 29.5-acre site will offer 300 one-, two-, and three-bedroom apartment homes averaging 1,000 square feet. Residents will be able to choose from a variety of layouts in three-story garden style buildings with a host of in-demand finishes including stainless steel appliances, quartz countertops, tile backsplashes, walk-in closets, and full-size washers and dryers. The luxury living experience will extend throughout the community with a clubhouse featuring stylish entertainment spaces, a 24-hour fitness center, resort-style swimming pool, dog park, community gardens, community-wide WiFi, and more. Residents will be conveniently close to a wide variety of retailers, restaurants and day-to-day services, and just a few miles from Daytona's Main Street Pier and the Daytona International Speedway. The 327-bed Advent Health Daytona is located directly across the street. Daytona Beach is known as the "World's Most Famous Beach", earning its name back in the 1920s as the sandy beaches once used for racing gave way to development of the famous Daytona International Speedway, which now brings over 100,000 people to the Daytona 500 each year. In recent years, the healthcare sector has driven much of the economic growth with approximately 40,000 people working in the healthcare and education sectors. Thompson Thrift has made a name for itself by being one of the few developers to build Class A residential communities in markets across the country with a range of conventional, luxury leased villa and townhome-style communities. Throughout its history, the company has invested more than $3.7 billion and has become known as a trusted partner committed to developing high-quality, attractive communities. The company recently earned the distinction of being named one of GlobeSt. Real Estate Forum's Influencers of Multifamily Real Estate for 2021. About Thompson Thrift Real Estate Company Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve.

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REAL ESTATE ADVICE

Explore the Luxury Home of Your Dreams Near the Nation's Capital

Gloria Rojas | June 20, 2022

Gloria Rojas, a top producer with Fairfax Realty Select recently listed two new homes for sale in Potomac, Maryland and Oakton, Virginia. Both stunning, custom properties are beautifully appointed, well kept, and located in excellent locations within easy, 30-minute access to Washington D.C. and the surrounding metro area. A Multi-Million Dollar Club Member and Top Producer since 2005, Gloria Rojas has been an elite licensed real estate advisor for nearly two decades. Her listings regularly fall within the DC metro area, in suburbs that welcome nearly any lifestyle – from cozy brownstones to full luxury estates fit for a dignitary. Potomac, Maryland: 11300 Glen Road A uniquely stunning 11,639 square feet custom-built property on 2+ acres, featuring a perfect blend of European and American stone-and-stucco cozy aesthetics. Outdoor, landscaped gardens, cherry-blossom trees, mature framing trees, with a private entrance and convenient circular driveway. It also comes with a 6-car garage. Custom trim, custom ceilings, soaring windows, Italian paint, and embassy-sized marble foyer with a monumental custom staircase complete with iron handrails are just a few of the home's exciting features. Ideally located just outside of DC, in the very exclusive community of Potomac, Maryland. Price: $3,100,000 Total Beds: 6 Total Baths: 5 full/ 2 half Total Sq. ft.: 11,639 on 2.01-acre property. Take a virtual tour of the home HERE. Oakton, Virginia: 2961 Trousseau Lane Nestled on a quiet street in the exclusive Northern Virginia neighborhood of Oakton and close to everything a homeowner could need, this home features a long driveway, gleaming hardwood floors, and spacious living areas. With other highlights like a stainless-steel gourmet kitchen, butler's pantry, a wet bar, guest suite on main level, and outdoor patio, this house is an Oakton treasure. Price: $1,299,900 Total Beds: 5 Baths: 5 full/2 half Total Sq. ft.: 5,826 on 0.15-acre property. Take a 3D tour of the home. Mrs. Gloria Rojas is extremely professional. She understands the difference between selling real estate vs. selling a home for her clients. When we decided to make the move to Washington D.C. metro area, we searched for the best realtor possible and we were extremely fortunate to work with Gloria. She guided my husband and I through the whole process and we were able to find our perfect home with no hassle and everything was transparent." A. Robertson About Gloria Rojas: Your Licensed Luxury Real Estate Advisor Since 2005, Gloria Rojas has been a trusted Washington DC real estate advisor to the elite, helping families find luxury homes and real estate investments with a wide variety of listings throughout the DC metro area, including Washington D.C., Northern Virginia and Maryland. A Top Producer and award-winning real estate professional, Gloria has striven to provide the best advice and service to her clients, especially when it comes to advising them with her expertise in listing a property, regardless of the price of the home, establishing her distinguished career over the course of nearly two decades. She holds a degree from University of Cambridge, located in the UK, a graduate degree from Sorbonne Université, located in Paris, France, and is fluent in English, Spanish, and French – earning her the respect and admiration of a truly global clientele, and her colleagues.

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REAL ESTATE TECHNOLOGY

Whitecrest Real Estate Celebrates the Completion and Official Grand Opening of Brand-New Luxury Condominium Development, The Heritage

The Menkiti Group | May 21, 2022

MG Residential, an arm of Brookland's The Menkiti Group, was joined by Whitecrest Real Estate, to celebrate the launch of The Heritage, a newly developed collection of modern condominiums starting in the mid $300's. The new development offers 1–2-bedroom units that range from 570 – 1050 square feet. The completion of this project marks a major milestone in the new development and momentum in Ward 5. "The project was started late 2018 and took over 3 years to complete. Even through the chaos of COVID-19, we trooped through as we believed in the project," said the company's Director of Design, Maryam Kazmi. "We chose this project as we believed in the neighborhood and wanted to add value to this area and offer new modern living. This is an emerging neighborhood and we wanted to be part of its story." The Heritage lies in the heart of Woodridge, a residential neighborhood located just north of the National Arboretum. The dynamic team of Whitecrest Real Estate always believed in the Woodridge neighborhood, but it was not until they began working in the area, that they realized its true potential. We were one of the first very few developers who started to invest in the neighborhood, about a decade ago in 2013 with a boutique style building. While working in Woodridge, we realized that it is not only a conveniently located and easily accessible neighborhood to various hot spots of Washington DC, but also amongst one of the safest and most affordable areas in the city." Reza Damani, Real Estate Investor and Chief of Operations for Whitecrest The Heritage is conveniently located near a variety of the District's parks and amenities. Barnard Hill Park lies in the northwest corner of the neighborhood, providing 22 acres of open green space for walking or picnics. Also, near the neighborhood, the Dwight A. Mosley Playground and Taft Recreation Center have a large playground, several sports fields, a tennis court, and a basketball court. Although Woodridge lies in a residential area, its proximity to the city's main attractions is what gives this neighborhood its unique flexibility and advantage. Whitecrest and MG Residential were joined by many Ward 5 residents and local businesses, resulting in a successful community event. Joe Dawson of Mission Mortgage and Lawrence Elliot of Prime Title sponsored the event and were also in attendance. "We appreciate everyone who attended the official Grand Opening for The Heritage," says MG Residential's VP of Sales and top 1% of realtors nationwide, Lashika Mason. "We are truly overwhelmed by the constant outpouring of support from the community and look forward to seeing The Heritage's impact in Ward 5." The Heritage is on one of the main arteries of the neighborhood, that runs into Washington, DC. The luxurious finishes combined with the extra effort that was taken to preserve the 100-year-old bank façade makes this beautiful building stand out. The Heritage is a well-built, high-end, and eco-friendly mixed-use condo building in a calm and inviting neighborhood that's a rare find in Washington, DC. The units are well-designed, efficiently built, and are offered at the most competitive prices available in the marketplace for brand-new condominiums. "This is an exciting partnership with MG Residential and Whitecrest Development," says top producing realtor and Managing Director at MG Residential, Anthony Mason. "We are proud to be a part of this project and are looking forward to seeing the impact on the community as we strive to continue to fulfill our mission of transforming lives, careers, and communities through real estate." About Whitecrest Real estate Whitecrest is a dynamic team of real estate investors composed of four key players: Farid Khan serves as the President for Whitecrest Real Estate Company. His primary role is developing a vision for White crest real estate. He also Analyzes budgets and financial reports regularly, reviews and advises on contracts, and leads the company towards success. Reza Damani serves as the Chief of Operation for Whitecrest Real Estate, providing executive management and overseeing all areas of a project from acquisition of raw land to design and development of all the company's construction projects. Mr. Damani is a licensed Class A builder in the Washington DC area with 20 plus years and over 150,000 total developed square feet in the Washington DC metro area. From site selection, through acquisition and construction, to occupancy, he offers comprehensive ground-up and build-to-suit development services for the region. Syed Ali serves as the Chief financial Officer for Whitecrest Real estate and is responsible for tracking cash flow, financial planning, analyzing the company's financial strengths and weaknesses and proposing strategic direction. He is also responsible for maintaining relationships with bankers and investors. Maryam Kazmi serves as the Director of Design for Whitecrest Real Estate. She oversees all design decisions and aesthetics of the project from the floor plans to the finishes. Her responsibilities include making all indoor and outdoor spaces functional, safe, and beautiful by determining space requirements and selecting essential and decorative items, such as colors, lighting, and materials to ensure a well-designed and cohesive look to the whole project. About MG Residential MG Residential is a premier sales team based in Washington, DC, with expertise providing residential and commercial real estate services to buyers, sellers, investors, and developers across Washington DC, Maryland, and Virginia. Over the past 15+ years, MG Residential has had the privilege of serving over 3,000 families in the greater DMV region and has consistently been ranked within the top 100 teams nationally for Keller Williams. Founded with the mission of transforming lives, careers, and communities through real estate, MG Residential is anchored by Bo and Kymber Menkiti and Anthony and Lashika Mason. Their goal is to close the gap on homeownership and create intergenerational wealth in the District of Columbia and throughout the greater DMV region.

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REAL ESTATE ADVICE

Vietnam's Flamingo Group Wins Big in Prestigious International Real Estate Awards

Flamingo Group | June 24, 2022

The Flamingo Holding Group (Flamingo Group), a key player in the real estate arena both in Vietnam and around the world, has emerged as the winners of two vital categories at the prestigious International Property Awards (IPA) 2022. The Flamingo Group is also the only Vietnamese enterprise to be awarded a pair of wins at the BCI Asia Awards 2022. At the IPA 2022 June 23 event in London, the Flamingo Group surpassed hundreds of prestigious real estate developers worldwide. It came out on top as the project with the best landscape architecture in the Asia Pacific and the best complex architecture in the Asia Pacific for the Flamingo Hai Tien located in Thanh Hoa, an investment hotspot in Vietnam. Tasked with innovating on the luxury resort real estate model, Flamingo Group received high praise from the professional judges for its green architecture and unique "Forest in the Sky" style. In addition, the Flamingo Hai Tien project was developed according to the model of Ibiza - the largest party island in the world - with the result of a paradise of villas and plenty of entertainment and food options stretching for kilometers. Established in the UK with nearly 30 years of operation, the IPA is considered one of the most prestigious annual real estate awards on the planet and is often indicative of a guarantee of excellent quality in global real estate. The Flamingo Group was also awarded double honors at BCI Asia Awards 2022 to be held on June 30, they have won 2 awards categories: Top 10 Developer 2022 and IDA Interior Design Award 2022 for the Flamingo Cat Ba project, the first Vietnamese enterprise to do so. In addition to the sustainable profit factor and towards the highest standard of a 5-star resort, Flamingo's design is also associated with the everlasting philosophy with nature. We apply this philosophy in architectural design, green space renovation, and application of green technology in operation, bringing the difference and portraying the "Flamingo identity" in our customer's and partners' hearts." Mr. Truong Xuan Quy, General Director of Flamingo Land Business JSC, a subsidiary of Flamingo Group "Projects in Dai Lai - Vinh Phuc, Cat Ba - Hai Phong, Hai Tien - Thanh Hoa will all have the fastest access to the rigorous standards of world-renowned 5-star resorts," he added. The BCI Asia Awards have been held annually since 2005, where the BCI Media Group and its judges help provide an overview of the architecture and construction industry in the region by recognizing the various architects & developers. They have had a significant impact on the Vietnamese market. About Flamingo Group Established in 1996, Flamingo Group has constantly been developing with exponential growth in many industries: leisure, real estate, tourism, hospitality services, construction, architecture, etc. Motivated by an ambitious desire for Vietnamese brands to achieve international reach with world-class products and services, Flamingo Group is now recognized as a leading leisure realty and hospitality developer in Vietnam and the surrounding region, with a series of renowned projects and a hall of fame including 65 prestigious national and global awards.

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Spotlight

At Starwood Capital Group, we don’t just look at real estate as it is today—we see it as it could be. This idea extends to our approach to environmentally responsible investing as well. Instead of accepting the status quo that says conservation is a secondary concern when managing property, we are committed to setting a new standard for the private equity industry.

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