Results for: Real Estate

Investors are pulling back from the single-family rental market due to narrowing profit margins, driven by rising interest rates and modest rent growth. The 10-year Treasury yield, currently at 4.0%, is outcompeting typical 4.9% cap rates on rental properties. Experts anticipate a return of investors only when Treasury yields fall below 3.0% or cap rates climb above 6.0%, requiring significant price drops. Southeast markets, particularly in Alabama, Georgia, and South Carolina, offer more attractive unlevered returns of 7-8% due to lower insurance and property tax rates.

Alexander & Baldwin (ALEX) is set to release its latest quarterly earnings report on Thursday, October 24th. Analysts predict an EPS of $0.21, and investors are looking for signs of exceeding estimates and positive guidance for the upcoming quarter. This article delves into Alexander & Baldwin’s historical performance, analyst sentiment, and key financial metrics to provide a comprehensive view of what investors can expect.

Leyad, a prominent real estate development group, unveils Aisle24, a revolutionary staffless retail concept, at Residence Mont Carmel in Montreal. This innovative store leverages cutting-edge technology to offer 24/7 access to groceries, snacks, and essential items with a seamless, cashier-free experience. Aisle24 embodies Leyad’s commitment to creating tech-savvy, modern living spaces that enhance convenience and efficiency for residents and visitors.

ConnectCon 2024, a two-day conference hosted by Model Investor Alliance, promises to be the ultimate wealth-building event for aspiring and seasoned multifamily investors. Renowned investor and business expert, Grant Cardone, will headline the event, sharing his insights on building passive income and generational wealth through real estate. Join industry experts, network with like-minded individuals, and gain valuable knowledge on key aspects of multifamily investing.

One Bangkok, a groundbreaking $3.2 billion urban development project in the heart of Bangkok, is set to open its doors on October 25th, 2024. This ambitious venture promises a unique blend of luxury hotels, premium offices, vibrant retail spaces, and expansive green areas, redefining Bangkok’s role as a global destination.

Three Pillars Capital, a leading real estate private equity firm, has successfully exited Aspen Apartments, achieving a profitable return of 18.5% IRR. This exit adds to the firm’s growing list of profitable ventures, showcasing their expertise in value-add renovations and strategic investment decisions. The firm’s focus on delivering strong returns to investors and its commitment to acquiring new assets positions it for continued success in the real estate market.

Premier Sotheby’s International Realty, a leading luxury real estate brokerage, has appointed Jackie Thiel as its new president. Thiel, a seasoned real estate leader with over 30 years of experience, brings a wealth of knowledge and expertise to her new role. She will focus on enhancing operational excellence and fostering advisor success to drive continued growth for the company.

A new survey reveals that over a quarter of prospective first-time homebuyers are holding off on purchasing until they see if Vice President Kamala Harris’s proposed $25,000 down payment assistance program comes to fruition. The uncertainty surrounding the upcoming election and its potential impact on housing affordability is influencing purchase decisions, especially for those seeking government assistance.

Prince Harry and Meghan Markle’s reported purchase of a home in Portugal’s exclusive CostaTerra Golf and Ocean Club has sparked interest, but locals remain unfazed. While the couple’s high-profile status may attract attention, residents in the area are accustomed to wealthy individuals and celebrities, highlighting the region’s appeal for privacy and luxury.

Tishman Speyer has successfully refinanced its iconic Rockefeller Center campus with a $3.5 billion CMBS loan, the largest ever for a single office asset. This massive refinancing reflects the continued success of the campus’s comprehensive redevelopment program, which has transformed it into a vibrant hub for work, dining, shopping, and entertainment in New York City.