Real estate management – YYMSRK http://yymsrk.com/ Fri, 24 Sep 2021 23:27:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://yymsrk.com/wp-content/uploads/2021/06/icon-2021-06-25T171748.497-150x150.png Real estate management – YYMSRK http://yymsrk.com/ 32 32 Why Are Rents Going Up in Utah? In Salt Lake, up 12% from last year https://yymsrk.com/why-are-rents-going-up-in-utah-in-salt-lake-up-12-from-last-year/ https://yymsrk.com/why-are-rents-going-up-in-utah-in-salt-lake-up-12-from-last-year/#respond Fri, 24 Sep 2021 23:27:56 +0000 https://yymsrk.com/why-are-rents-going-up-in-utah-in-salt-lake-up-12-from-last-year/ Salt Lake County rental prices are indeed increasing, but not as fast as house prices, according to the Utah Apartment Association. Salt Lake County’s median monthly rent cost rose to $ 1,389 in June, up 12% from the previous year, according to Realtor.com. In contrast, the median price of homes (of all housing types) in […]]]>

Salt Lake County rental prices are indeed increasing, but not as fast as house prices, according to the Utah Apartment Association.

Salt Lake County’s median monthly rent cost rose to $ 1,389 in June, up 12% from the previous year, according to Realtor.com. In contrast, the median price of homes (of all housing types) in Salt Lake County climbed to $ 455,000 in the second quarter, up 23% from the second quarter of 2020, according to UtahRealEstate.com.

This shows that Salt Lake County rent has risen by almost half the rate of home prices over the past year.

“While rent increases can be difficult to absorb, the typical monthly mortgage in Utah soared to $ 2,547 in June,” said Holly Sanford, chair of the Utah Apartment Association board of directors, in a statement prepared Thursday.

The Utah Apartment Association is a non-profit, commercial organization that represents over 2,500 homeowners and over 105,000 units ranging from basement apartment owners to large management companies.

Sanford added that “many rental landlords have made a compassionate and deliberate decision” during the COVID-19 pandemic not to increase rents in 2020. In Utah, rents rose 1.4% in l Utah in 2020, while in Salt Lake County, that figure was only 1%, according to a report from CBRE, a commercial real estate company.

“Renters don’t like increases, but compared to home ownership, renting is more affordable,” Sanford said.

Home buying prices rose during the year of the pandemic, especially in West and Utah, as many Americans chose to move from large cities to more spacious areas at lower prices. .

The 12% increase in Salt Lake County is a big increase in a trend that Utah rental prices have increased almost every year for the past decade, even before the pandemic. Utah rental prices have climbed 5-7% per year along the Wasatch Front, pushing the average cost of an apartment in Salt Lake County from $ 793 in 2008 to around 1,200 $ in 2019.

Salt Lake County’s median rent of $ 1,389, however, was lower in June than many other cities in the western United States, the Utah Apartment Association noted. In Las Vegas, the median rent in June was $ 1,397, Phoenix $ 1,590, Portland $ 1,645, Denver $ 1,820, Sacramento $ 1,821 and Seattle $ 1,910.

In the largest metropolitan areas of the United States, the median rent in June was $ 1,575, up 8% year on year, according to Realtor.com.

Salt Lake’s rent will likely continue to rise between 2021 and 2025 – but at a lower rate than 2021, around 4% to 7% per year, real estate research firm Costar predicts.

Another report released earlier this month by Utah-based property management software company Entrata – which used data from a smaller sample of about 14,000 apartments in Weber, Davis counties, Salt Lake, Utah and Washington – reported larger rent increases in this collection. of apartments. This report indicates that the average rental price in these five major Utah counties increased 45% in a year and a half before the start of the pandemic.

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Start-up DoorLoop has raised $ 10 million in seed money for rental management software https://yymsrk.com/start-up-doorloop-has-raised-10-million-in-seed-money-for-rental-management-software/ https://yymsrk.com/start-up-doorloop-has-raised-10-million-in-seed-money-for-rental-management-software/#respond Thu, 23 Sep 2021 20:45:00 +0000 https://yymsrk.com/start-up-doorloop-has-raised-10-million-in-seed-money-for-rental-management-software/ David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty) Rental property management software is a crowded area of ​​proptech, but a Miami-based startup claims to have developed a better, faster, and cheaper offering. DoorLoop said this week it has raised $ 10 million in seed funding […]]]>

David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty)

Rental property management software is a crowded area of ​​proptech, but a Miami-based startup claims to have developed a better, faster, and cheaper offering.

DoorLoop said this week it has raised $ 10 million in seed funding in a bid to dethrone the huge public and private companies that have dominated the field to date, including AppFolio, Yarde and RealPage.

The industry’s existing products are bulky and outdated, said David Bitton, co-founder and chief marketing officer of DoorLoop, in an interview.

“There is a lot of competition, and we love it, because it tells us that there is a great need in the market,” he said.

According to a statement, the six DoorLoop co-founders, who have backgrounds in software and real estate, led the round with other private investors.

DoorLoop, like its competitors, allows property owners and managers to automate registration, tenant selection, rent collection, maintenance and moves. The company claims that onboarding potential customers is faster and cheaper, in addition to offering a more intuitive product with an open API that can be integrated with other software.

The company also says it provides better customer service – a top reason customers cite when switching when asked, according to Bitton.

“As a startup, we can scale very quickly,” said Bitton. “Today they can get a demo. Tomorrow they can take training and start using it. Our competitors can take weeks or months to do this.

Founded in 2019, DoorLoop launched its services in early 2021. The platform is in use in 1,700 cities around the world as of mid-September, by Bitton. The business will be profitable “very soon,” he said.

The company targets the mid-market, including property managers with up to 10,000 units. According to Bitton, DoorLoop does not yet have the brand awareness to attract the biggest managers overseeing 10,000 to 100,000 units.

“We are targeting everyone, but those who sign up are the smallest,” he said.

A Series A hike is not on the near-term horizon, Bitton said.

“We will see how far this money will take us.

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Nicola Wealth Real Estate enters a new market with the acquisition of a large industrial portfolio in Minneapolis / St. Paul https://yymsrk.com/nicola-wealth-real-estate-enters-a-new-market-with-the-acquisition-of-a-large-industrial-portfolio-in-minneapolis-st-paul/ https://yymsrk.com/nicola-wealth-real-estate-enters-a-new-market-with-the-acquisition-of-a-large-industrial-portfolio-in-minneapolis-st-paul/#respond Thu, 23 Sep 2021 12:15:00 +0000 https://yymsrk.com/nicola-wealth-real-estate-enters-a-new-market-with-the-acquisition-of-a-large-industrial-portfolio-in-minneapolis-st-paul/ The portfolio includes nearly 2 million square feet of industrial and flexible products on 22 properties and 151 acres scattered throughout Minneapolis / St. Paul Market Minneapolis, MN, September 23, 2021 (GLOBE NEWSWIRE) – Nicola Wealth Real Estate (NWRE) has acquired the Minneapolis Industrial Infill Portfolio. This transaction, negotiated by Mark Kolsrud and his team […]]]>

The portfolio includes nearly 2 million square feet of industrial and flexible products on 22 properties and 151 acres scattered throughout Minneapolis / St. Paul Market

Minneapolis, MN, September 23, 2021 (GLOBE NEWSWIRE) – Nicola Wealth Real Estate (NWRE) has acquired the Minneapolis Industrial Infill Portfolio. This transaction, negotiated by Mark Kolsrud and his team at Colliers, expands NWRE’s growing industrial portfolio with the company’s entry into Minneapolis / St. Paul.

The acquisition, comprised of the Minneapolis North sub-portfolio and the Dell 5 sub-portfolio, is a complex of 22 well-located industrial and flex-industrial buildings totaling 1,915,637 square feet on 151 acres of land. The multi-tenant portfolio is geographically diverse in the Minneapolis / St. Marché Paul which posts a low vacancy rate of 3.6% (in Q2 2021) on an existing inventory of approximately 374 million square feet.

“We are delighted to expand our industrial presence in the United States in an established and stable market like Minneapolis,” said Matthew Schaeffers, director of acquisitions at Nicola Wealth Real Estate. “This acquisition presents an opportunity to add a diversified portfolio in a low vacancy environment that offers attractive risk-adjusted returns. These strengths offer immediate scope that complements our global cluster strategy in established and promising markets. “

NWRE continues to focus its growth on core US markets such as Las Vegas, Phoenix, Seattle, Denver, San Francisco and now Minneapolis with a focus on the acquisition of lucrative properties and the execution of development and value strategies added.

To learn more about Nicola Wealth Real Estate funds, visit real estate.nicolawealth.com


About Nicola Wealth Real Estate
Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a leading Canadian financial planning and investment firm with $ 10.7 billion (CAD) in assets under management (AUM). NWRE has an experienced and innovative team that researches and manages the assets of a growing portfolio of properties in major North American markets, covering a diverse range of asset classes including industrial apartments, rental apartments multi-family, offices, self-storage spaces, retail and senior citizens. lodging. With the acquisition of Blackwood Partners, NWRE’s current portfolio now exceeds gross asset value by $ 6 billion.

Attachment

CONTACT: Victoria Emslie Nicola Wealth 604-484-1286 vemslie@nicolawealth.com
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More and more office buildings are becoming laboratories in major life science cities https://yymsrk.com/more-and-more-office-buildings-are-becoming-laboratories-in-major-life-science-cities/ https://yymsrk.com/more-and-more-office-buildings-are-becoming-laboratories-in-major-life-science-cities/#respond Wed, 22 Sep 2021 18:50:51 +0000 https://yymsrk.com/more-and-more-office-buildings-are-becoming-laboratories-in-major-life-science-cities/ Investors are eager to buy life science buildings, which may look like conventional office buildings on the outside, but contain hard-to-find lab space on the inside. In a dozen large cities with life science companies, demand is high and rents are rising rapidly for laboratory space and life science buildings. Investors are willing to pay […]]]>

Investors are eager to buy life science buildings, which may look like conventional office buildings on the outside, but contain hard-to-find lab space on the inside.

In a dozen large cities with life science companies, demand is high and rents are rising rapidly for laboratory space and life science buildings. Investors are willing to pay high prices, accepting low returns to invest in these hard to find properties.

In response, a growing number of investors are converting conventional office buildings to include laboratory space.

“They are considering converting their properties to meet the immediate demand for life sciences,” says Daniel Littman, associate director of capital markets research for Newmark, working out of the company’s New York offices. “Institutional investors in the largest life sciences markets are actively re-evaluating ‘highest and best utilization’ for their office, flexible and industrial portfolios. “

The prices investors pay for life science real estate keep rising.

“The prices are very aggressive,” says Ian Anderson, senior director of research for CBRE, working out of the company’s offices in Philadelphia. “Cap rates below 5% are not uncommon for laboratory and research and development properties. “

In March 2021, Blackstone BioMed paid $ 3.45 billion for Brookfield’s 2.3 million square feet. portfolio of laboratory properties in Boston and Cambridge, Mass.

This price corresponds to an estimated capitalization rate of 4.5%, according to CBRE. In another recent deal in South San Francisco, undisclosed investors agreed to pay more than $ 400 million for lab properties, at an estimated cap rate of 4.0%, according to Anderson.

The volume of deals that investors enter into to invest in life science properties is still tiny compared to the office building market as a whole or other major property types, although it is growing rapidly.

Investors raised over $ 15 billion in 2020, led by Blackstone, but also emerging players such as IQHQ and Breakthrough Properties, traditional healthcare REITs such as Ventas and institutional groups such as DivcoWest and Clarion Partners, according to Littman of Newmark.

Investors closed more than $ 10 billion in deals to buy life science properties in 2020. This represents 16.4% of dollars invested in all office buildings, a record amount, according to Newmark.

“Investors are clearly increasingly comfortable with the real estate industry, based on its recent performance and strong growth prospects,” said Anderson. “Less attractive choices among certain types of classic properties… which drives up the price of life science properties. “

Life Sciences Looks Good Compared to Office Space Overall

During the pandemic, many office workers have had to stay at home to slow the spread of the coronavirus. More than a year after the start of the pandemic, the number of workers entering offices to work in person in August 2021 was still only a fraction of the normal amount.

In contrast, many life sciences workers counted as essential workers and continued to come to work, even in the worst days of the pandemic. These lab workers generally cannot do their homework. In the long run, life science properties appear likely to retain their value even though large numbers of office workers globally continue to spend part of the work week working remotely.

Demand for life science properties was also high before the pandemic. Average rents for spaces dedicated to life sciences have nearly doubled (increased by more than 90%) in San Francisco in the five years that ended in the first quarter of 2021, according to Newmark. Life sciences rents also rose rapidly in Chicago (over 80%), Raleigh, North Carolina (over 80%) and Boston (over 60%). This is several times the increase in rents for all offices in these markets.

“In Boston, tenants in the life sciences sector looking for space in Cambridge would have to wait almost two years for space available,” says Littman.

Renovate the right buildings to make them a laboratory space

Developers are quickly converting some existing office space into life science properties, but not all office buildings are suitable for including lab space.

“Adding lab space to a conventional office building is certainly possible, but there can be several obstacles,” says Anderson of CBRE.

Ceilings should be at least 13 feet high – more established companies like Novatis or Pfizer expect ceilings that are 18 feet high. Laboratories requiring extensive ventilation or power systems may need even higher ceilings. Wet lab space also needs floors that can support 100 to 150 pounds per square foot, compared to just 80 to 100 pounds per square foot for conventional office space, and a powerful, uninterrupted power supply.

“Assuming the structural elements can support the conversion, I would say it takes around $ 100 to $ 150 per square foot of base construction costs,” says Liz Berthelette, research manager at Newmark in Boston. These renovations often include pH neutralization, chemical storage, MEP upgrades, and cargo upgrades including freight elevators. Life science tenants often make another $ 250 to $ 300 per square foot in leasehold improvements.

The building should also be located in a zoned area for the types of activities undertaken in a laboratory. More broadly, the property must be in a location with a demand for life science real estate

Companies that need lab space tend to locate near other life science companies and major research universities. There are about a dozen metropolitan areas where life science companies can hire enough skilled scientists and technicians to thrive. This includes established life science markets like Boston, San Francisco, San Diego, North Carolina, Seattle, Philadelphia, Maryland, and Los Angeles, in addition to metropolitan areas where life science hubs are thriving.

“Markets such as New York, Chicago, Houston, Denver and Austin, these places have the potential to become major life science hubs,” says Littman of Newmark.

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San Diego ready to solicit interest in sports arena ownership https://yymsrk.com/san-diego-ready-to-solicit-interest-in-sports-arena-ownership/ https://yymsrk.com/san-diego-ready-to-solicit-interest-in-sports-arena-ownership/#respond Tue, 21 Sep 2021 22:21:03 +0000 https://yymsrk.com/san-diego-ready-to-solicit-interest-in-sports-arena-ownership/ The city of San Diego will soon alert a state-approved list of affordable home builders – and the development community as a whole – that it intends to lease the 48 acres it owns near Pechanga Arena in the District of Midway for redevelopment. The act, which is expected to occur within the next two […]]]>

The city of San Diego will soon alert a state-approved list of affordable home builders – and the development community as a whole – that it intends to lease the 48 acres it owns near Pechanga Arena in the District of Midway for redevelopment.

The act, which is expected to occur within the next two weeks, will officially reignite the city’s efforts to remake the devastated area – this time prioritizing teams who pledge to reserve a substantial number of future homes for families in low income.

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On Tuesday, city council members voted unanimously to declare the site “surplus land,” meaning it is not necessary for city use. The resolution replaces the body’s August 3 statement, which incorrectly stated that future development must include the renovation or replacement of the existing sports arena. The new statement does not include the condition because the California Department of Housing and Community Development, or HCD, has informed the city that conditions cannot be imposed on the surplus land.

However, San Diego can still impose the requirement of a sports arena in documents that are distributed to the state’s interest list, said Penny Maus, the city’s director of property and airport management.

“HCD agreed that the development condition proposed by the city to preserve the current use of regional entertainment venues is reasonable,” Maus said in an interview with the Union-Tribune. “So we worked together (with HCD), cleaned up the element and now the resolution has been approved. … This puts us in a position to issue the availability notice in the next two weeks.

The cleanup element is part of San Diego’s painstaking efforts to strictly follow the state’s new rulebook for offloading surplus government-owned land, as required by the Surplus Land Act, after the city has already violated the requirements.

“Since receiving HCD’s feedback on the process, under this administration we have worked closely and closely with their staff. We are both determined to achieve the same end result, which is ultimately to provide more affordable housing in the area, ”said Maus.

In February 2020, the city first sought developer interest in redesigning the Midway District site, located north of San Diego International Airport, south of Mission Bay and bounded by Kurtz Street to the north and Sports Arena Boulevard to the south. The property includes Pechanga Arena San Diego, which has long been the home of the San Diego Gulls and San Diego Sockers. The 16,000-seat hall opened in 1966; it hosted around 145 sporting and entertainment events a year before the pandemic.

San Diego initially chose Brookfield Properties to redo the site. The developer’s plan included a brand new sports arena, housing, parks and retail, but no formal commitments to subsidized units. However, that redevelopment effort was scrapped in June after HCD said the city should have offered the site to builders of affordable housing first.

Now, the city will distribute what is called an “availability notice” to a list of affordable housing developers registered with the state. The notice will specify that interested teams must respond with a plan that reserves at least 25 percent of the housing units offered for low-income families. The notice will also be posted on the city’s real estate department’s webpage, making it more widely available, although all responses must comply with Surplus Land Act guidelines and the Notice of Development Conditions. availability, Maus said.

Development teams will have 60 days to respond to the notification. The city is then required to enter into a 90-day “good faith” negotiation period with all interested parties. In accordance with state requirements, the assessment process will favor teams that offer the most affordable units at the lowest average affordability level.

At least three groups are preparing to respond.

Brookfield has assembled a team that includes an affordable housing partner and is working on a new plan. And Toll Brothers, who also participated in the city’s previous solicitation process, is back with a rebranded vision that he plans to unveil at an event on October 17. The group, now known as Midway Village +, has expanded to include affordable housing developer BRIDGE Oak View Group, a housing and arena developer-operator. A third group led by The ConAm Group, an apartment builder and property management company, is also in the mix.

Last week, each team made a brief presentation at the Midway-Pacific Highway Community Planning Group meeting, said Dike Anyiwo, group vice president.

“I’m super optimistic now that we’re in compliance with state law,” he said. “As much as I am frustrated with the delay, I am a big advocate of affordable housing and I think the end product will be better under the Surplus Land Act.

City staff will review all relevant proposals and make recommendations first to the land use and housing committee and then to the entire city council, possibly in the spring of 2022, Maus said. The board could recommend additional due diligence and public comment on the teams and their proposals, she said, which means the selection process could extend into the summer and fall of next year.

Alternatively, if no one responds to the notice or if a deal cannot be reached after the negotiation window, the city can solicit interest through a more standard RFP process that has fewer restrictions.

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Real Estate Management Software Market Size, Forecast & Top Companies – IBM, JLL, Hitachi Vantara, Trimble, ARCHIBUS, AppFolio, Yardi https://yymsrk.com/real-estate-management-software-market-size-forecast-top-companies-ibm-jll-hitachi-vantara-trimble-archibus-appfolio-yardi/ https://yymsrk.com/real-estate-management-software-market-size-forecast-top-companies-ibm-jll-hitachi-vantara-trimble-archibus-appfolio-yardi/#respond Tue, 21 Sep 2021 14:40:15 +0000 https://yymsrk.com/real-estate-management-software-market-size-forecast-top-companies-ibm-jll-hitachi-vantara-trimble-archibus-appfolio-yardi/ Sample download request Need for customization Price and purchase options New Jersey, United States, – The Real Estate Management Software Market report contains the most basic information on the market. This comprehensive report offers insights into the market, models and drivers of business growth. It also includes Real Estate Management Software market share, sales volume […]]]>

New Jersey, United States, – The Real Estate Management Software Market report contains the most basic information on the market. This comprehensive report offers insights into the market, models and drivers of business growth. It also includes Real Estate Management Software market share, sales volume and education charts. He was able to combine important and additional information, such as commitments from market leaders, into a well-designed report. The Real Estate Management Software Market report is an essential view of strategies and insights. It is mainly aimed at business leaders. The primary objective of this Real Estate Management Software report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Real Estate Management Software report also shows a new upward trend which includes market conditions and market forecast 2021-2028.

The Real Estate Management Software market is growing at a faster rate with substantial growth rates in the past few years and the market is estimated to experience significant growth during the forecast period i.e. from 2020 to 2027.

This study introduces the Principles of Real Estate Management Software Market: regional definitions and analyzes, software and business review, industry strategies and guidelines, product specifications, production methods, price agreements, etc. The report ends with a SWOT Real Estate Property Management Software Assessment, Investment Feasibility Assessment and Return on Investment Assessment.

The report has conducted extensive research on the market segments and sub-segments and clarified which market segment will dominate the market during the forecast period. To assist clients in making informed decisions about company investment plans and strategies in the Real Estate Management Software market, the report involves in-depth information regarding regional market performance and competitive analysis.

The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

IBM, Hitachi Vantara, JLL, Trimble, ARCHIBUS, AppFolio, Yardi, MCS Solution, SAP, RealPage.

Real Estate Management Software Market Segmentation

Global Real Estate Management Software Market, By Product

• ERP
• SPM
• GRC
• Others

Global Real Estate Management Software Market, By Application

• Small enterprises
• Medium-sized enterprises
• Large companies

Scope of Real Estate Management Software Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2020
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2028
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to up to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Geographic segment covered in the report:

The Real Estate Management Software report provides information about the market area, which is further further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

  • The Middle East and Africa (GCC countries and Egypt)
  • North America (United States, Mexico and Canada)
  • South America (Brazil etc …)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

Key questions answered in the report:

  • Who are the major global players in this real estate management software market?
  • What is their company profile, their product information, their contact details?
  • What was the global market status of the market?
  • What was the capacity, production value, cost and profit of the market?
  • What are the projections of the global industry taking into account the capacity, output and production value?
  • What will the cost and profit estimate be?
  • What will be the market share, supply and consumption?
  • What is the market chain analysis by upstream commodity and downstream industry?
  • What are the market dynamics of the market?
  • What are the challenges and opportunities?
  • What should be the entry strategies, the countermeasures to the economic impact, the marketing channels for the industry?

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City of Oakland | ADDITIONAL AFFORDABLE HOUSING IS ARRIVING IN EAST OAKLAND … https://yymsrk.com/city-of-oakland-additional-affordable-housing-is-arriving-in-east-oakland/ https://yymsrk.com/city-of-oakland-additional-affordable-housing-is-arriving-in-east-oakland/#respond Mon, 20 Sep 2021 23:24:46 +0000 https://yymsrk.com/city-of-oakland-additional-affordable-housing-is-arriving-in-east-oakland/ Date posted: September 20, 2021 at 4:21 p.m.Last update: September 20, 2021 at 4:21 p.m. Today an impressive mix of public, private and non-profit leaders celebrated the grand opening of 95th & International, a 55 unit, highly affordable, mixed-use development with a community-serving health clinic, operated by La Clínica de La Raza, on the ground […]]]>

Date posted: September 20, 2021 at 4:21 p.m.
Last update: September 20, 2021 at 4:21 p.m.

Today an impressive mix of public, private and non-profit leaders celebrated the grand opening of 95th & International, a 55 unit, highly affordable, mixed-use development with a community-serving health clinic, operated by La Clínica de La Raza, on the ground floor. This transformational community is part of a larger effort to promote fair and climate-friendly work in the surrounding neighborhood through the Better Neighborhoods, Same Neighbors initiative. The new development joins the $ 30 million affordable 59-unit Acts Cyrene Apartments complex, which opened in 2017.

“This project demonstrates the tenacity and creativity that drives Oakland residents to find solutions to community needs through partnerships,” said Oakland Mayor Libby Schaaf. “Community-led for community, it embodies the ‘Better Neighborhoods, Same Neighbors’ theme of our winning TCC grant proposal that will help implement sustainable transformation in East Oakland over the next several years.”

Planning for this project began over a decade ago under the leadership of Acts Community Development Corporation, founded by Bishop Bob Jackson of Acts Full Gospel Church to meet the affordable housing needs of its congregation. . Since then, a large public-private partnership has grown to include Related California, City of Oakland, California’s Strategic Growth Council (through the Transformative Climate Communities Grant), California Department of Conservation, Oakland Housing Authority, US Bank and Citibank. .

“After more than a decade of hard work, I am delighted to usher in this transformational project that will bring much needed affordable housing and health care resources to District 7,” said Treva Reid, member of the City Council of Oakland. “Gratitude to city staff and our community partners for advancing this innovative development, which will help bridge long-term disparities in East Oakland.” “

This multi-faceted project will serve as a community hub of people, housing and services, and meet the diverse needs of Oakland families with a focus on housing for the homeless. The project will bring 55 stable rental housing units in Deep East Oakland to longtime residents earning 20-50% of the area’s median income (MAI) and 25% is earmarked for homeless households earning 20- 30% of the MAI.

As part of the $ 28.2 million Better Neighborhoods, Same Neighbors initiative, 95th & International is supported by the California Strategic Growth Council’s Transformative Climate Communities program with funds from California Climate Investments, an initiative of the United States. ‘statewide that puts billions of dollars in cap-and-trade dollars to work to reduce greenhouse gas emissions, strengthen the economy, and improve public health and the environment, especially in disadvantaged communities.

The Initiative envisions an East Oakland with a healthy environment, safe and accessible transportation, and a thriving arts and culture that creates community wealth and ensures that housing is a human right for neighborhood residents. Other projects include the San Leandro Creek Urban Greenway led by the East Bay State Park District, community greening by the Oakland Parks & Recreation Foundation, Planting Justice Aquaponics Farm and Food Hub, Higher Ground & Scraper Bike Team Bike Share and Youth Development. Projects are guided by the principles of community engagement, displacement avoidance, workforce development and climate resilience throughout the four-year implementation period and will be managed by a committee stakeholders, made up of the co-applicants of the project, community organizations and residents of the region. The Black Cultural Zone will lead business and community engagement, while the Permanent East Bay Real Estate Co-op will lead travel avoidance work by connecting East Oakland residents with programs aimed at ending travel. to travel, to create community wealth and to produce additional housing units. Learn more at www.eastoaklandca.com.

“Congratulations to Related California, Acts Community Development Corporation, the City of Oakland and all partners for this innovative public-private collaboration that makes this innovation possible,” said Lynn von Koch-Liebert, Executive Director of California Strategic Growth Council We are inspired by the commitment to fully embrace the vision of “Better neighborhoods, same neighbors” for a healthy and resilient community by partnering with La Clínica to include a health clinic in community development. project is a prime example of how the Transformative Climate Communities Project can support inclusive economic development and build resilient communities.

This is the latest innovative affordable housing development in the city of Oakland, one in a long list of projects currently in the city’s development pipeline. This includes 57 new construction, rehabilitation and preservation projects totaling over 3,000 affordable low-income housing units, including 30 new construction projects; 16 acquisition reconversion projects; 10 preservation rehabilitation projects; and 1 transitional housing project. Since 2019, the City has completed eight newly constructed housing projects that have delivered over 600 new affordable units; four acquisition-conversion projects that converted more than 40 units at market price into affordable units; and two preservation-rehabilitation projects that have preserved more than 140 units.

“As long-term property owners, these types of long-standing relationships and public-private partnerships are essential to our success and constitute a distinctive philosophy as a business,” said Bill Witte, President and CEO of Related California. “Our close partnership with the City of Oakland, the Strategic Growth Council and Acts Full Gospel Church has helped to add affordable housing for residents along the international corridor and, just as important, to bring affordable health care to the community. We really appreciate all of our partners, who together have helped make this success possible. “

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About Community Development Acts
Founded by Bishop Bob Jackson of Acts Full Gospel Church in 2002, Acts Community Development Corporation’s primary goals are to provide commercial development and affordable housing in East Oakland. Since its inception, Acts has developed and founded several businesses, affordable housing developments and community outreach programs including Acts Cyrene Apartments at 9400 International Blvd, Acts Christian Academy and Men of Valor Academy.

About La Raza Clinic
La Clínica de La Raza, Inc., a federally qualified health center, is headquartered in Oakland. La Clínica is the largest community primary health care center in the San Francisco Bay Area and one of the largest community health centers in the state of California. About 58% of the total La Clínica patients are women and over 95% of the total patients are low income. Jane Garcia started La Clínica as an intern in 1980 and became CEO in 1982. Under her leadership, La Clínica grew from a $ 2 million project to a $ 110 million organization, employing 1,200 people. Learn more at https://laclinica.org/.

About California Related
Related California is a fully integrated real estate company developing multi-family and mixed-use residential properties in California. Since 1989, the company has built more than 12,000 affordable homes and has partnered with more than 40 municipalities across California. Related California has developed over $ 7.5 billion in assets and has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability, and property management. For more information on Related California, visit www.relatedcalifornia.com.

About the Oakland Housing Authority
Founded in 1938, the Oakland Housing Authority (OHA) currently provides subsidized housing to nearly 16,500 families. Oakland’s largest owner, OHA serves a diverse community in the city’s neighborhoods. Our dedicated staff remain unwavering in their efforts to assess existing needs and provide meaningful opportunities for our families, in addition to expanding the availability of quality housing. Learn more at www.oakha.org.

About Oakland
A workforce of nearly 5,000 employees serves more than 440,000 residents and thousands of businesses that inhabit Oakland’s 78 square miles. Founded in 1852, the City has a mayor-council form of government and an average annual budget of $ 1.98 billion. #OaklandLoveLife www.oaklandca.gov

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LPL recruits the first independent team in a disruptive model https://yymsrk.com/lpl-recruits-the-first-independent-team-in-a-disruptive-model/ https://yymsrk.com/lpl-recruits-the-first-independent-team-in-a-disruptive-model/#respond Mon, 20 Sep 2021 10:32:34 +0000 https://yymsrk.com/lpl-recruits-the-first-independent-team-in-a-disruptive-model/ An all-female team in Chattanooga, Tenn., With approximately $ 230 million in client assets, moved to LPL Financial, affiliating through the Company’s Strategic Services, its premium affiliate model originally aimed at attract dissident advisers from regional communications agencies and brokerage firms. . NorthShore Financial Services, which comes from Wells Fargo Advisors Financial Network, is the […]]]>

An all-female team in Chattanooga, Tenn., With approximately $ 230 million in client assets, moved to LPL Financial, affiliating through the Company’s Strategic Services, its premium affiliate model originally aimed at attract dissident advisers from regional communications agencies and brokerage firms. . NorthShore Financial Services, which comes from Wells Fargo Advisors Financial Network, is the first team to enter the model which is already an independent practice and the 14th to join SWS since its inception.

NorthShore advisors Carrie Turcotte and Crystal Walker said they chose SWS because they wanted to take off some of the more entrepreneurial tasks involved in running the business to spend more time with clients. This includes accounting, technology, marketing, human relations, and administrative duties. Walker said she does a lot of these things at Wells Fargo.

“It frees up 20% of my time so I can be an advisor,” Walker said. “I can really answer the call; I don’t have everything else on my plate.

At Wells Fargo FiNET, Turcotte was the branch manager, with responsibility for all compliance.

“For me personally, the burden of compliance grew heavier and heavier over the years, and the question became, ‘How can I reliably unload the burden of compliance so that I can continue to devote time to my clients and practice as I need? ‘ She said.

Walker said they also chose LPL because the company supports an hourly fee model, which Wells Fargo would only support if the customer had a significant level of assets with the company.

Additionally, she liked that LPL had a support group for certified kingdom counselors, a designation and membership community for Christian counselors.

NorthShore’s decision shows that LPL’s SWS model may have wider appeal beyond regional spinning and breakaways. The affiliation service, launched in April 2020, was initially aimed at advisers leaving the employee channel and sought to provide an additional level of support to advisers not used to running an independent business.

LPL provides SWS advisors with free transition services that include planning the exit of their current business to integrate clients into the LPL platform. Next, the IBD helps advisors secure real estate, install and integrate technology, become compliant, and grow the company’s brand. After the adviser transition, LPL provides ongoing support with a CFO consultant, senior marketing strategist, technical support, remote administrative assistants and a service team.

NorthShore will benefit from these ongoing services and a dedicated service module.

“What you are seeing are advisers like Carrie and Crystal who have already done the hard work; they’ve already invested in the sweat to develop these practices, ”said Kimberly Sanders, head of SWS. “They know what it means to have to deal with all the different elements, so they appreciate the ongoing service and support from SWS, rather than focusing so much on this transition story. That’s what the breakaways are focused on right now.

This transition to independence actually only takes about six months of an advisor’s life; after that, they need continued support, Sanders said.

“When we started our practice, if we had had that kind of support, we would be on a whole different level,” Turcotte said. “We did, but it would have been great to start with that. “

As recently as last week, LPL announced that it has added its 13th team to the SWS model, New Jersey-based Shoreline Wealth Management, a team of Wells Fargo Advisors with around $ 305 million in client assets.

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For rental investment, high yield real estate launches hassle-free property management https://yymsrk.com/for-rental-investment-high-yield-real-estate-launches-hassle-free-property-management/ https://yymsrk.com/for-rental-investment-high-yield-real-estate-launches-hassle-free-property-management/#respond Sun, 19 Sep 2021 17:03:45 +0000 https://yymsrk.com/for-rental-investment-high-yield-real-estate-launches-hassle-free-property-management/ High Return Real Estate, LLC helps investors create powerful passive income streams through turnkey real estate investing, but they know that property management can be one of the most difficult aspects of rental investing. especially with today’s upside-down economy. To facilitate real estate investment for their clients, they have joined forces with City Life Property […]]]>

High Return Real Estate, LLC helps investors create powerful passive income streams through turnkey real estate investing, but they know that property management can be one of the most difficult aspects of rental investing. especially with today’s upside-down economy. To facilitate real estate investment for their clients, they have joined forces with City Life Property Group.

According to Jeff Schechter, CEO and co-founder of High Return, the challenges of property management often deter people from investing in rentals, but City Life Property Group overcomes the usual challenges.

“Some investors go for family-owned property management companies, but quickly find that they lack the manpower and resources to collect rent on time and protect properties,” Schechter said. “Big businesses have the resources, but they are often disconnected and fail to communicate well with landlords or tenants. “

Schechter said City Life Property Group strikes the perfect balance between big and small.

“City Life has a local presence in our core rental markets, so they bring a personal touch, but they’re also big enough to have the workforce and the technology to fully tackle any management challenges. I have been in the real estate investing industry for over 30 years and have rarely seen a management company that produces City Life results without ripping off their clients, ”said Schechter.

Schechter said City Life has helped guide High Return clients through the ups and downs of the Covid economy and the moratoriums on evictions, ensuring a hassle-free rental investment experience throughout the process.

High Return helps investors find profitable rental properties at the lowest prices. Then they rehabilitate the properties, place tenants and, with the help of City Life Property Investment, take care of the collection and maintenance of the rents so that investors do not have to do it.

High Return Real Estate is a “for investors, by investors” company. Schechter and his co-founder Jack Gibson have decades of experience in real estate investing and have acquired over 100 turnkey properties generating some of the highest returns in the rental investment market. They pass their expertise on to their clients while connecting them to one of the most comprehensive investor education programs known as CashFlow +. The program teaches investors to maximize cash flow by leveraging sluggish assets, controlling debt, and planning effective tax strategies.

High Return has been featured on NBC News, CNN, Forbes, and Google News Lab. To learn more about how the company makes property management easier for rental investors, visit www.highreturnrealestate.com or call (317) 588-2929.

About high yield real estate

High Return Real Estate offers a simple way to accelerate real wealth with real estate. Known for its strategic turnkey real estate investments, the company aims to produce some of the highest returns in real estate investing.

Disclaimer: The news site hosting this press release is not associated with High Return Real Estate. It is simply a matter of issuing a press release submitted by a company, without any explicit or implicit endorsement of the company, information, investments, people, products or services. Please consult a licensed financial planner before making an investment.

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Filipino real estate mogul Delfin Wenceslao Jr. dies aged 77 https://yymsrk.com/filipino-real-estate-mogul-delfin-wenceslao-jr-dies-aged-77/ https://yymsrk.com/filipino-real-estate-mogul-delfin-wenceslao-jr-dies-aged-77/#respond Sat, 18 Sep 2021 06:20:09 +0000 https://yymsrk.com/filipino-real-estate-mogul-delfin-wenceslao-jr-dies-aged-77/ Delfin J. Wenceslao Jr. PHOTO COURTESY OF DELFIN J. WENCESLAO JR. Delfin J. Wenceslao Jr., the majority shareholder of Philippine listed real estate developer DM Wenceslao & Associates, has died at the age of 77. “It is with great sadness that the Board of Directors and management of DM Wenceslao & Associates announce that they […]]]>

Delfin J. Wenceslao Jr., the majority shareholder of Philippine listed real estate developer DM Wenceslao & Associates, has died at the age of 77.

“It is with great sadness that the Board of Directors and management of DM Wenceslao & Associates announce that they have been informed of the death of its Chairman and Chairman of the Board, Delfin Wenceslao Jr.” Philippine stock exchange. The company did not provide further details.

Founded by Delfin Sr. in 1965, DM Wenceslao has become known for its expertise in land reclamation. One of its biggest projects is Aseana City, a 204-hectare (2 million square meters) mixed-use commercial and residential project along the Manila Bay coastline, according to the company’s website.

Delfin Jr., who went public in 2018, had a degree in economics from Ateneo de Manila University and an MBA from the University of Manila. He wanted to enlist in the military, but his father, a military engineer, persuaded him to pursue a more peaceful career in construction.

With a net worth of $ 385 million, Delfin Jr. was ranked No.37 on the Philippines’ 50 richest list released earlier this month. He is survived by his wife Silvia and his four sons, all involved in the business. Their youngest son, Delfin Angelo, is the CEO of the company, while another son, Paolo Vincent, is the COO.

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