REAL ESTATE INVESTMENT
Atlas Group LTD | June 17, 2022
Atlas Cottage Homes, a division of Atlas Group LTD, announced its plans to provide alternative affordable housing. Built to Florida code for single family homes in its manufacturing plants in Orlando, Atlas Cottages Homes range from 588 SF to 1074 sq. ft. and qualify for a 30-year mortgage.
The need for affordable family housing for Florida's workforce is critical. We are equipped to create 5000 homes in the next five years in our existing facilities, and are excited to partner with local municipalities, businesses, and investors to help make homeownership more attainable and preserve paradise in the Sunshine State."
Lincoln Hine, Founder of Atlas Group LTD and CEO of Atlas Cottage Homes
"We are meeting with key officials across the state and are grateful for the Florida House Bill 1339 which allows municipal governments to approve affordable developments like Atlas Cottage Homes on any parcel zoned for residential, commercial or industrial use," said Hine.
Atlas Cottage Homes floor plans include a one bedroom/one bathroom and two to three bedrooms/two bathrooms. The homes feature insulated walls (R-14) ceiling (R-20) and flooring (R-13); sculpted shingles or metal roof and fiber cement siding. A traditional 30-year mortgage for these affordable homes would be $700-$1600 a month, based on 20 percent down payment and current interest rates. Home buyers will pay less should they qualify for other mortgage loans (i.e., FHA, VA, Good Neighbor Next Door Loans, Florida's Hometown Heroes program). And unlike other small home concepts, Atlas Cottage Homes are foundation-based and as such, are an appreciating asset.
The Value Collection features one- and two-bedroom designs with full kitchen cabinetry, bathroom with stand up shower, toilet and sink, and built-in cabinets and storage. Other amenities include ductless air conditioning, tankless water heater, garbage disposal and vinyl flooring.
The Premier Collection features two single and one two-story home designs. These homes include one to three bedrooms, with open living spaces, smart technology, and marble kitchen countertops. Options include solar power, decks and patios, carports and garages.
Atlas Cottage Homes is in development of three planned communities with more than 400 homes sites in Florida. The developments will be placed on either deeded lots or on land lease lots. These communities may include shared amenities such as a swimming pool, a playground, and a community center.
About Atlas Community Homes
Atlas Community Homes are affordable foundation-based single-family homes that qualify for a 30-year mortgage. These homes, ranging from 588 to 1074 sq. ft., are built to Florida code standards in its facilities in Orlando, FL. The Value Collection is one- and two-bedroom designs and the Premier Collection is one to three bedrooms designs, including a two-story home.
About Atlas Group
Founded by Lincoln Hine, Atlas Group LTD is an investment-focused and impact-driven company based in Palm Beach, FL. The company's holdings include real estate, finance, construction, manufacturing, hospitality and recruiting.
Sotheby's International Realty | August 17, 2022
Sotheby's International Realty announced the opening of Great Lakes Sotheby's International Realty, signifying the brand's continued growth in the state of Michigan. The addition marks the brand's seventh office in the state.
Great Lakes Sotheby's International Realty is owned and operated by Dean Groulx and Wendy Groulx, who bring more than 60 years of collective experience to the company. Headquartered in the city of Elk Rapids, the office will serve the greater Traverse City area in Michigan including Alden, Bellaire, Elk Rapids, Elk Lake, Lake Leelanau, North Port, Suttons Bay, Torch Lake, and Traverse City.
"Greater Traverse City has a robust luxury home market, It's become attractive for high-net-worth individuals and entrepreneurs and we're seeing both U.S. and international buyers purchasing primary and secondary homes in the area. Our continued growth in the state enables our brand to service this growing market and I look forward to supporting Dean, Wendy, and the entire Great Lakes Sotheby's International Realty team."
-Philip White, president and CEO of Sotheby's International Realty
The Traverse City area boasts a lifestyle and culture that few other places can match, Our area has access to some of the largest and most pristine freshwater lakes and access to world-class entertainment and fine dining. Few real estate companies can match the background and experience of our brokers and sales associates, and our affiliation with Sotheby's International Realty will offer sellers and buyers in the greater Traverse City area an experience like no other thanks to its prestige, global presence, and marketing capabilities,said Groulx.
The company has plans for future growth in Alden, Bellaire, Traverse City, Northport, and Leelanau. Great Lakes Sotheby's International Realty was launched in partnership with Russ Post, owner/broker of Ocean Sotheby's International Realty.
The Sotheby's International Realty® network currently has nearly 26,000 affiliated independent sales associates located in over 1,000 offices in 81 countries and territories worldwide. Great Lakes Sotheby's International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm's brokers and clients will benefit from an association with Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.
Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby's auction house. Today, the company's global footprint spans more than 1,000 offices located in 81 countries and territories worldwide, including 51 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby's International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby's auction house, established in 1744.
REAL ESTATE TECHNOLOGY
Walker & Dunlop | June 09, 2022
Walker & Dunlop, Inc. announced that it has hired Paul Darrow as Managing Director on its multifamily investment sales platform. Mr. Darrow is based in Los Angeles and is responsible for originating and executing on middle market multifamily property sales throughout Greater Los Angeles.
We are excited to continue building out our experienced team in Southern California. The middle market space is a vital segment for private and institutional investors who seek opportunities up and down the price spectrum. Through the addition of Paul and his understanding of both client profiles, we expand our ability to provide best-in-class services to our clients at every price tranche."
Blake Rogers,Managing Director
Mr. Darrow has over 16 years of experience and has closed over $5 billion of multifamily investment sales during his career. Mr. Darrow stated, "I couldn't be more excited to join Walker & Dunlop having observed its incredible growth over such a short period. Beyond its leadership position in capital markets and investment sales, the firm's leaders have demonstrated an intriguing forward-thinking mindset through their investments in data science, valuations, and analytics. I think those investments will be a huge advantage when it comes to providing actionable insights and opportunities to our clients."
Prior to joining Walker & Dunlop, Mr. Darrow served as Senior Director at Marcus & Millichap. Previously, he was Managing Director with Cushman & Wakefield. Mr. Darrow is a member of the National Multifamily Housing Council (NMHC) and the Urban Land Institute (ULI) and is a LEED certified professional.
Walker & Dunlop is one of the top multifamily investment sales platforms in the United States and has seen significant growth over the past several years. In 2021, the company grew its property sales volume by 214% year over year to $19.3 billion. For information about multifamily properties available for sale via Walker & Dunlop's investment sales platform, visit our website.
About Walker & Dunlop
Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,400 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
REAL ESTATE INVESTMENT
SFL | May 31, 2022
SFL, leader in the prime segment of the Parisian commercial real estate market, announces that it has sold the Le Vaisseau building, located on Ile Saint-Germain in Issy-les-Moulineaux, to the Institut Catholique de Lille, which plans to relocate its Faculty of Law there, also situated in Issy-les-Moulineaux since 2013. The property has been sold for €27 million excluding transfer costs.
Spanning approximately 6,300 sq.m, the property boasts outstanding architecture with a unique façade and opening roof. It was designed by Jean Nouvel for advertising agency CLM BBDO and was completed in 1992.
We are delighted to sell this building to the Institut Catholique de Lille, and to contribute to the transformation of office property as new uses offering opportunities for value creation emerge. This ambitious project would not have been possible without the high quality collaboration with teams at both Institut Catholique de Lille and Ateliers Jean Nouvel.”
Aude Grant, Deputy Managing Director, Asset Management & Investments at SFL
SFL was advised in the transaction, initially handled by BNP Real Estate, by Anne-Hélène Garnier (Oudot & Associés).
Institut Catholique de Lille was advised by Grégory Jacobsoone (Fontaine Roussel & Associés).
Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €8.1 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. As France’s oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties.