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    NEWARK — A huge Amazon fulfillment center in Newark has been bought by a veteran real estate investor with a global reach, a deal that offers fresh evidence that big-name tech tenants can be magnets for property buyers. BentallGreenOak, acting through an affiliate, has paid $138 million to grab the Amazon complex in Newark, according to documents filed on Dec. 23 with the Alameda County Recorder’s Office. The Amazon fulfillment center is located at 38811 Cherry St. in Newark, the county documents show. BentalGreenOak bought the Amazon-leased property from Metropolitan Life Insurance Co. in an all-cash deal, the county records show. The MetLife financial services behemoth appears to have harvested a profit from its sale of the 29-acre Newark property, which consists of two parcels. In mid-2022, the assessed value of the site was about $100 million, county records show. These kinds of logistics centers have enticed commercial property investors lately. Why? In recent years, consumers have reduced in-person shopping at physical retail stores and shifted to more online shopping and e-commerce. The retail upheaval has prompted Amazon and other...
    In this article KSS KHP-FFFollow your favorite stocksCREATE FREE ACCOUNTMichelle GassChris Ratcliffe | Bloomberg | Getty ImagesActivist investor Ancora Holdings is pushing to remove Kohl's chief executive and chairman, according to a report from Reuters. Ancora sent a letter to the board on Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5% stake in Kohl's, wants new leadership so the company can revamp its business. "Kohl's needs new leadership with demonstrated experience in cost containment, margin expansion, product catalog optimization and, most importantly, turnarounds," read the letter obtained by Reuters. The push comes a few months after Kohl's terminated its talks to sell to Franchise Group. The company had been encouraged by activist investors to pursue a sale. Franchise Group proposed a bid of $60 per share, before the uncertain economic environment forced it to bring its potential offer down to $53. Gass came from Starbucks to take over as CEO for Kevin Mansell in 2018, with plans including the expansion of Sephora's presence in Kohl's stores. Ancora called her a...
    SAN JOSE — The purchase by a busy real estate investor of an old motel property in San Jose could lead to new activities for the chunk of land that the site occupies. A group of buyers headed up by Do Van Tron, a San Jose-based business and real estate executive, has bought a property at 2724 Monterey Road in San Jose, according to documents filed on Sept. 1 with the Santa Clara County Recorder’s Office. On Sept. 2, Tron completed the purchase of the old Sears store next to Eastridge Center shopping mall in San Jose, disclosing that he intends to transform the former department store into an indoor Vietnamese market. Tron, acting through his affiliated real estate investment firm, Intelli, paid $24.8 million for a site that includes the old Sears department store, Sears auto service center and a large surface parking lot, according to county property documents. In the motel purchase, Tron’s investment group paid $6.4 million for a 2.4-acre site near the corner of Monterey Road and Umbarger Road, county records show. Tron also obtained a...
    MORGAN HILL — A big new — and empty — tech and industrial park in Morgan Hill has been bought by a veteran real estate investment firm in a deal that tops $100 million. Butterfield 5 Tech Park has been purchased for $119.3 million by an affiliate of Invesco Real Estate, according to documents filed on June 17 with the Santa Clara County Recorder’s Office. The complex totals 410,100 square feet and consists of five large tech and industrial buildings, according to documents on file with the Morgan Hill Planning Department. CBRE, a commercial real estate firm, arranged the purchase of Butterfield 5 Tech Park. Building in Butterfield 5 tech and industrial park located on Butterfield Boulevard between Sutter Boulevard and Digital Drive in Morgan Hill, concept. (HPA Architecture) Trammell Crow, a big commercial real estate firm that sold the buildings to Invesco, was represented in the transaction by Rebecca Perlmutter, an executive with CBRE National Partners. “Demand for space that can cater to industrial, manufacturing and life sciences continues to grow in Northern California,” said Rob Shannon, a CBRE executive...
    Elon Musk has listed 18 investors who have committed to collectively stump up more than $7billion worth of equity to help fund his Twitter takeover. In a filing on Thursday, the world's richest man said that Oracle Corp co-founder Larry Ellison's trust will invest $1 billion towards the $44 billion purchase of the social-media platform. Musk said he had also received equity commitment letters from investors including Sequoia Capital ($800m) and Brookfield ($250m) for financing of $7.14 billion.  Other investors listed included Qatari Holding ($375m) and NYC real estate investor Steve Witkoff ($100m). The filing also listed Saudi Arabia's Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud as having committed 34,948,975 Twitter Inc shares 'in order to retain an equity investment in Twitter following completion of the Merger,' the filing said. The move comes as Musk's margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, the filing revealed. Musk will continue to hold talks with existing holders of Twitter, including the company's former chief Jack Dorsey, to contribute shares to the proposed acquisition, the filing showed. It was reported last...
    Compass Mining customer Eng TaingEng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in 2013, well before it was popular to make even a passive bet on the crypto asset class. Now, Taing runs 261 personal mining machines generating the world's most popular digital token. "I just like making money," Taing told CNBC. "I invest in a lot of things. I have a lot of apartment buildings, I have senior living homes. I have GPU mines," continued Taing. "I just like to look at where I can get some good arbitrage advantage, and I thought bitcoin mining presented that both from just, 'Hey, I could get more bitcoin by having miners than buying bitcoin, especially at the scale that I can get into it — but also, that I am a big believer in bitcoin's future.'" Bitcoin operates on a...
    HAYWARD — A candy manufacturer that was founded 70 years ago by a Russian immigrant has sold its Hayward headquarters and factory property to a New York investment group, public records show. Annabelle Candy Co. has sold several parcels in Hayward, including the site of its factory and head offices, to an affiliate led by Fortress Investment Group, an investment firm with a global reach. Fortress Investment, acting through affiliate CREF3 Industrial Blvd Owner, paid Annabelle Candy Co. $13 million for the property, according to documents filed on Dec. 20 with the Alameda County Recorder’s Office. Annabelle Candy has a long history in the East Bay. Founded in Hayward in 1950, the company’s product stable features several high-profile candy bars: Rocky Road, Abba-Zaba, Big Hunk, Look and U-No. Annabelle Candy Co. main Hayward complex at 27211 Industrial Blvd. (LoopNet) “Legendary candy bars” is now Annabelle Candy describes the confections on its website. The property is located at 27211 Industrial Blvd. in Hayward, about a block from West Tennyson Road. The Fortress affiliate bought the property from Annabelle Candy and several individuals,...
    SAN MATEO — The family-owned Hillsdale Shopping Center in San Mateo has brought on board a big-time real estate investment firm as a partner in the busy retail hub on the Peninsula, the companies announced Tuesday. The Bohannon family originally developed Hillsdale Shopping Center and opened the trail hub as an outdoor mall in 1954. Now, the family is bringing on board Northwood Investors, a real estate private equity firm, as a partner in the retail complex, which operates on 47 acres and totals 1.3 million square feet. “We are committed to continuing our family’s relationship with this property and its service to the San Mateo community as we have done for the past 75 years,” said David Bohannon II, chief executive officer of the David D. Bohannon Organization. Northwood Investors has completed equity investments totaling $7 billion, according to the company’s website. The retail estate firm has obtained equity interests in an array of retail centers in the United States and Europe. “Northwood is grateful for the opportunity to partner with the Bohannon Companies on Hillsdale Shopping Center,” said...
    SUNNYVALE — An office building and residences in Sunnyvale linked to a Bay Area real estate fraud case have been bought, but it’s unclear if the deal can return money to investors who had been swindled. The deals are the most recent known transactions involving the collapsed Bay Area real estate empire of failed and fraud-accused developer Silicon Sage Builders and the company’s principal executive Sanjeev Acharya. A Saratoga-based investment firm has bought an office building at 510 S. Mathilda Ave. and an adjacent apartment complex at 518 through 528 S. Mathilda Ave., according to documents filed on Oct. 15 with the Santa Clara County Recorder’s Office. Both properties are part of the real estate holdings of Silicon Sage and Acharya that have begun to dissolve in the wake of charges filed by the Securities and Exchange Commission that allege Acharya committed fraud against hundreds of investors, many of South Asian ethnicity, who had sunk money into Silicon Sage’s projects. A federal court authorized a receiver, David Stapleton, to take control of the properties and attempt to sell them in...
    Sponsored Content Diego Andres Lozano, popularly known as 94CEO, is a top real estate investor creating a movement to inspire others to succeed in their endeavors. He is a successful businessman who has built a couple of companies from the ground up. Now he is dedicated to assisting others in achieving financial independence through real estate and e-commerce businesses. Lozano says that he enjoys helping others achieve the same level of success. He uses an open approach in his coaching, where he shares everything he knows with other entrepreneurs. He shows them the formula to rise to the top. 94CEO as a personal brand has had some notable achievements. 94CEO enabled Lozano, who made less than 30k a year working full-time in a gym, to have a six-figure monthly salary within three years. Through his real estate platform and mentorship, he has helped 15 people earn six figures in months that initially took them a whole year to earn. Furthermore, he has coached more than 100 students who later quit their jobs to start businesses through his mentorship program....
    The CEO of Blackcard Elite Academy Ltd. and Leadway Holdings Ltd.—the owner of two multi-million dollar companies—Damon Woodward is a perfect example of a successful, high-profile real estate investor. With his exceptional strategies, Damon has purchased almost 100 units of real estate. Even though the year 2020 was speculated to be the worst year for the real estate industry, Damon bought 80 real estate units, ranging from single-family homes to large apartment buildings. Although these units required several million dollars in renovations, he still managed to earn a hefty compensation in the process. Damon is very active in sharing his advice about the real estate business on his social media, and he has a few pieces of advice for anyone looking to enter the real estate industry. Damon believes that flipping houses can be quite a complicated venture but still one of the best places to start. Flipping houses forces people to develop several essential skills at the very start—skills that will help them build a significant amount of wealth quickly and that can be very beneficial in the later...
    VIDEO1:1101:11'I feel bad for the people who bought homes over the past year': Peter BoockvarTrading Nation Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve's Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. "I feel bad for the people who bought homes over the past year because they're the ones that paid the very elevated prices," the chief investment officer at Bleakley Advisory Group told CNBC's "Trading Nation" on Thursday. He singles out those who put down 5% amid historically low mortgage rates. If home prices correct by 10%, Boockvar sees a world of pain.'Their equity is basically wiped out'"Their equity is basically wiped out," he said. "For those who have owned for a while that have built up equity, they will be much more insulated." His warning comes as Fed policymakers convene virtually for the annual Jackson Hole symposium. Boockvar, who went on inflation watch in mid-2020, has been critical of Fed policy through the pandemic. By maintaining unprecedented quantitative easing measures through the economic recovery,...
    Louis Glickman, the famous real estate investor had once said “the best investment on Earth is earth.” This summarizes the whole concept of real estate investment in a nutshell. Over the years, this sector has experienced consistent growth, from lower mortgage rates, shortage of housing supply, or people seeking more living space. With the advent of technology, real estate is becoming more competitive for investors in all markets. Knowledgeable investments pay the best returns and real estate is no exception in this regard. To navigate the market, an investor should seek professional guidance from a coach or mentor who has walked the same path and left a trail of success to look back upon. Justin Colby is one such real estate expert and entrepreneur who has been guiding beginners and veteran entrepreneurs to explore the possibilities of real estate investment. Justin Colby holds a track record of flipping more than 1,800 homes in his 14-year career. During the first 8 years, he flipped 500 homes and the numbers scaled up as he became more experienced. Today he is a home-flipping...
    Democrats gambled when they bet all their chips on Gov. Gavin Newsom, discouraging any other big names in the party from joining the Republican-led recall. As recently as a few months ago, when most polls predicted Newsom would easily hold onto his seat during the Sept. 14 recall, that bet looked pretty safe. But the gamble also might have a downside. While recent surveys show many voters are still undecided on the recall, among those who have made up their minds the idea is now viable, with some polls showing Newsom being kicked out and others showing voters evenly split. And because of their party’s strategy, Democratic voters don’t have any experienced left-leaning politicians or other widely known figures to choose for Question Two: If Newsom is voted out, who should replace him? A few days ago, centrist Democrat Kevin Paffrath was just another name on the 46-candidate list. But a poll released Wednesday by SurveyUSA not only showed a slim majority of voters willing to recall Newsom, it also showed 29-year-old Paffrath as the No. 1 contender to replace...
    Real estate is a permanent asset that grows in value day by day. It can be a lucrative field that offers some attractive perks. From passive income to more diversified widespread portfolios, real estate can provide numerous benefits for you to attain financial freedom. If you invest in real estate the correct way, it’s one of the investments that will make money. The key is hard work and dedication. J. Scott Scheel is a real estate investor mogul in the United States. He is one of the top-rated investors dominating the commercial real estate market, managing over six million square feet of commercial real estate across America. J. Scott Scheel is a force to be reckoned with, and his dynamics in scaling the real estate industry are trailblazing. As a successful entrepreneur, J. Scott Scheel has cemented his name by remarkable achievements in real estate. He is on a mission to educate others on the dynamics of extraordinary success in this competitive industry. J. Scott Scheel entered the real estate arena after his high school graduation. He didn’t have any...
    More On: florida building collapse ‘Heartbreak’ for pet owners at collapsed Florida condo tower after doomed legal bid Demolition of partly collapsed FL tower opens up new areas for search: officials Three more bodies found in rubble of Florida building collapse Evacuated Florida building near collapsed condo reportedly deemed safe A retired real-estate investor with Brooklyn ties is among the 27 people confirmed dead in Florida’s building collapse, kin and officials say. David Epstein, 58, was pulled from the rubble Sunday, just two days after first-responders found his wife, 43-year-old Bonnie Epstein, in the debris, the Miami Herald said. The couple has a son, Jonathan, 26, who lives in Brooklyn, the outlet reported. “Heartbroken to share that both my parents’ remains have been recovered by the rescue teams in Miami,” Jonathan Epstein wrote on Facebook on Sunday. “Thank you to everyone for your kind words over this impossible week,” he wrote. “My parents were really the best and it’s been so comforting to relive the joy of their lives through the testimony of friends and loved ones. David...
    ALAMEDA — A Texas-based investment firm has grabbed several properties in Alameda, in a deal that suggests buyers hunger for Bay Area properties that are in tech or biotech hotbeds. Invesco Real Estate, acting through several affiliates, has bought six parcels in the East Bay city, documents filed on May 26 with the Alameda County Recorder’s Office show. Dallas-based Invesco Real Estate paid $102.1 million for the properties, according to the public records. The transaction marks one of the largest real estate deals in the East Bay, measured by the value of the deal, so far in 2021. Oakland-based srmErnst Development Partners, a veteran real estate firm, was the seller of the half-dozen parcels, the county documents show. To finance the purchase, Invesco landed up to $99.2 million in financing from PGIM Real Estate Finance, which is a unit of Prudential Financial, a financial services and insurance behemoth. The parcels involved have addresses, all in Alameda, of 1410 and 1430 Harbor Bay Parkway; and 1955, 2065, 2095, and 2115 North Loop Road, according to the county documents. The properties that...
    VIDEO4:2604:26Billionaire real estate investor Jeff Greene on pandemic housing boomPower Lunch A real estate investor who made a fortune shorting subprime mortgages more than a decade ago told CNBC on Friday he believes the current housing market is in a bubble. "Absolutely. I think we're in an omni-bubble. How long does it last? It depends. How long do you keep the faucet open and this money running?" billionaire Jeff Greene said on "Power Lunch." "There's just so much money in corporate balance sheets ... and people's balance sheets and their bank accounts that it's just driven prices of everything higher, but at some point, this has to stop," Greene said. The housing market has been one of the strongest parts of the U.S. economy during the coronavirus pandemic, which also put millions of people out of work and sparked a recession. Mortgage rates have been historically low, and the rise of remote work has given Americans greater flexibility in where they live. Home prices have been soaring as strong demand clashed with low supply. Greene is not the first person...
    FREMONT — Two big buildings in Fremont have been scooped up by a veteran real estate firm from Beverly Hills in a deal that suggests investors still hunger for properties in Silicon Valley. Kennedy Wilson has bought two large Fremont office buildings, one at 47200 Bayside Parkway and the other at 3500 W. Warren Ave., according to documents filed on April 2 with the Alameda County Recorder’s Office. TA Realty sold the buildings, which are about 0.7 miles apart, the public records show. An affiliate of Kennedy Wilson paid $32.3 million for the buildings, according to the Alameda County property records. Brokers Steven Golubchik, Edmund Najera, Darren Hollak, and Jack Phipps of Newmark, a commercial real estate firm, arranged the purchase. The transaction was an all-cash deal, the county documents show. The just-purchased office buildings are of a type that could appeal to companies that seek to ensure their employees have plenty of access to elbow room amid ongoing concerns about the coronavirus. “There is lasting strength in low-rise, low-density flexible commercial spaces, particularly as tenants seek out lower density...
    While the ongoing coronavirus pandemic has brought countless hardships around the world in the last year, there are definitely a lot of changes that many of us can benefit from. Whether that’s spending more time with your loved ones, working remotely from home or even saving (and making!) money. One drastic difference is the cost of real estate — making it the perfect time to invest in a property and build your wealth.  If you’re interested in buying a home (that’s likely why you clicked on this article), you probably have a good idea of whether or not you can afford a property in your area. If the answer is no, there’s no reason to give up quite yet.  With the help of Roofstock, you can invest in properties down the street or across the nation since the process is done entirely online.  Roofstock is a company that allows individuals to invest in real estate (whether you’re buying or selling), with a large focus on single-family homes in a simple, accessible and cost-effective manner.  “Our platform lets everyone...
    More On: Real Estate Cindy Crawford and Rande Gerber nab swanky Miami penthouse unit for $3M Another NYC industry faces crisis amid the COVID pandemic  Here’s why you should buy a house instead of wasting cash on a wedding See the mansion Meghan and Harry briefly called home thanks to Tyler Perry While the ongoing coronavirus pandemic has brought countless hardships around the world in the last year, there are definitely a lot of changes that many of us can benefit from. Whether that’s spending more time with your loved ones, working remotely from home or even saving (and making!) money. One drastic difference is the cost of real estate — making it the perfect time to invest in a property and build your wealth.  If you’re interested in buying a home (that’s likely why you clicked on this article), you probably have a good idea of whether or not you can afford a property in your area. If the answer is no, there’s no reason to give up quite yet.  With the help of Roofstock, you can...
    SANTA CLARA — A big Bay Area private equity investor has bought three office and research buildings in Santa Clara that sit on big enough parcels that they could be redeveloped as a large project. GI Partners, an investment firm based in San Francisco, bought buildings at and near the corner of Bowers Avenue and Walsh Avenue in Santa Clara, according to property documents filed on March 2 in Santa Clara County. Acting through separate affiliates, GI Partners paid $79 million in cash for the buildings, county public records show. The buildings have addresses of 2855 Bowers Ave., 2805 Bowers Ave., and 2710 Walsh Ave. in Santa Clara. Brokers Eric Fox and Steve Hermann of Cushman & Wakefield, a commercial real estate firm, arranged the purchase of the buildings at 2855 Bowers and 2710 Walsh. “This shows that investors are bullish on the continued vibrancy and health of Silicon Valley, no matter what the future plans might be for the properties,” said Fox, an executive managing director with Cushman & Wakefield. The buildings involved in the transaction were sold by...
    Customers leave a Kohl's store on November 12, 2015 in San Rafael, California.Justin Sullivan | Getty Images News | Getty Images Kohl's shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it has nominated nine directors to the company's board, looking to turn the business around and boost its stock. The group consisting of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital owns a combined 9.5% stake. The investors want Kohl's to add directors with deep retail experience, cut executive compensation, slash inventory levels and consider selling some of its noncore real estate. The investors estimate the real estate assets could yield $7 billion to $8 billion. They are hoping to drive the stock price more than two-times higher than current levels, through a sale-leaseback program for $3 billion worth of real estate, and a major share repurchase program. A spokeswoman for Kohl's told CNBC in an emailed statement that the retailer's board and its management team have been engaged in talks with the investor group since early...
    SAN JOSE — A brand-new industrial complex in north San Jose whose tenant is a Santa Clara County government agency has been bought by a big real estate investor. Coronavirus-linked business shutdowns have heightened the value of industrial and logistics facilities, which in turn has drawn the interest of major buyers. TA Realty, acting through an affiliate, has paid $26.6 million for a new industrial building at 2144 Oakland Road in north San Jose, a site that’s just south of Montague Expressway, according to public records filed on Dec. 10. One of the government agencies of Santa Clara County has leased the entire building, which totals 82,900 square feet, according to Newmark, a commercial real estate firm. Newmark didn’t specify which county agency would be using the site. George Avalos / Bay Area News Group. Industrial building totaling 89,200 square feet at 2144 Oakland Road in San Jose. A brand-new industrial complex in north San Jose whose tenant is a Santa Clara County government agency has been bought by a big real estate investor. George Avalos...
    A view of East London from an aerial view. As the sun sets its glow is captured on the skyscrapers of Canary Wharf - the second business district of London.Ray Wise | Moment | Getty Images Opportunity abounds for investors looking to seize on distressed real estate assets in the wake of the coronavirus pandemic, according to one of London's prime real estate investors. Thomas Balashev, founder and CEO of Montague Real Estate, said real estate has been unduly hammered during the downturn, creating opportunities for buyers to make gains as the economy recovers. "I think it goes without saying that there will be a lot of opportunity," Balashev told CNBC's "Squawk Box Asia" on Tuesday.A different kind of crisisUnlike in the 2008 Financial Crisis, which was linked directly to the U.S. housing market and enabled opportunities for some people to "get ahead of it," the current economic crisis caught the market off guard, hurting otherwise sound assets, Balashev said. "If you look at the way the pandemic's been handled, both politically and the devastating effect it's had economically, it's...
    A real estate investor in Portland, Oregon, said he would sell a foreclosed home back to its occupants after anti-gentrification protests barricaded the building for three days. The Kinneys, a black and indigenous family, have lived in the home since the 1950s. They purchased the house with cash at a time when the city's redlining policies prevented them from securing a mortgage, according to a website set up to support the Red House on Mississippi. Roman Ozeruga bought the home in 2018 for $260,000 at a foreclosure auction, according to WRAL. "We are a small family business — we don’t seek to hurt anyone, of course,” Ozeruga said. "We’re overwhelmed by the attention to this. We’ve already offered to sell back the property at cost because, of course, we’ve paid taxes, legal fees, bank fees, etc." In the intervening years between the Kinneys' purchase of the home and their foreclosure, the neighborhood has become a hotbed for gentrification — the house, once part of one of the city's predominantly black neighborhoods, sits near a pub and food cart pod, according...
    PALO ALTO — A new Palo Alto office building that’s already fully leased to a tech company has been bought by a big-time investor from Chicago, in one of the highest-priced property purchases in Silicon Valley since business shutdowns began nine months ago. The building, which totals 85,400 square feet, is located at the corner of Coyote Hill Road and Hillview Avenue in Stanford Research Park. Before even being completed, the property had landed a new tenant: VMware. Harrison Street, a real estate investment firm, acting through an affiliate, bought the new office building, which was sold by Stanford University, according to Santa Clara County documents filed on Dec. 4. HSRE Coyote Hill Owner, the affiliate for Harrison Street, paid $123 million for the two-story office building at 3380 Coyote Hill Road, the property records show. Stanford University, as is the institution’s custom for Stanford Research Park, retained ownership of the land beneath the building that was bought by Harrison Street. The university provided Harrison Street with a ground lease for the land, according to the property documents. Chicago-based Harrison...
    Don’t think you have what it takes to build wealth as a real estate investor? Believe it or not, 74.4% of rental properties in the US are owned by individual real estate investors, meaning it may be more attainable than you think. But where do you start? Even if investing in real estate is completely new to you, it’s never too late to learn. And thanks to incredible learning tools like The Complete Real Estate Investing: Learn to Fix& Flip, Step-by-Step Bundle, you can become a pro without ever stepping foot in a classroom. That’s because it covers more than just investment basics and gives you an in-depth look at important practices and processes, including how to flip houses, what it takes to close a deal and even commercial real estate analysis. Led by a handful of highly-rated experienced instructors with expertise in real estate, finance, and business, you’ll dive deep into what it takes to make smart investments in today’s real estate market, building long-term wealth and securing yourself financially. With nine courses and 30 hours of hands-on content...
    FREMONT — A large apartment complex in Fremont has been bought by a Bay Area investment group that is seeking an array of investments around the country. The deal indicates that investors still see plenty of strength in the Bay Area residential market even in the face of coronavirus-linked economic uncertainties. Glenmoor Green Apartments in Fremont was bought by an affiliate controlled by real estate investment firm Prime Finance Partners, documents filed in Alameda County on Dec. 1 show. The 150-unit apartment property is located in Fremont at 38850 Farwell Drive a short distance from NewPark Mall, according to county assessment records. The affiliate, Prime Farwell, paid $58.5 million for the apartment property, the county public records show. The apartments are deemed to be close to Silicon Valley’s tech hubs, both the ones in Santa Clara County and in San Mateo County. “Located in the Glenmoor area of Fremont, Glenmoor Green Apartments offers attractive landscaping and spacious grounds,” according to a description posted by apartments.com. Among the amenities: two pools, a fitness center, and three barbecue centers, the apartments.com site...
    Star athletes in weird uniforms Prime Day ends tonight! Check out our live blog for today’s deals Is It Ever Too Late to Become a Real Estate Investor? © Provided by Millionacres Is It Ever Too Late to Become a Real Estate Investor? As a general rule, the earlier in life you invest, the more opportunity you'll give yourself to grow wealth. That applies whether you're buying stocks, bonds, or real estate. But if you're wondering whether there's a cutoff age for the latter, the good news is, there isn't. You can actually invest in real estate at any stage of life. But your approach might differ if you're older.Investing in real estate at a later ageWhen we talk about investing in real estate, there are several avenues to take. You can: Buy an income property and collect monthly rent from it. Flip a house and sell it at a profit once it's renovated. Buy property likely to appreciate in value over time and sell it (buy and hold). Load up on real estate investment trusts (REITs). ...
    Editor’s note: This story contains explicit language. Walk through downtown Austin or its rapidly developing nearby neighborhoods and it’s impossible to miss the massive black banners draped over office buildings, warehouses and bars. “Another World Class Project,” reads one posted to the metal siding of a squat industrial building downtown. Other banners riff on their own ubiquity with a pithy line popularized by DJ Khaled: “Another One.” The promotional campaign belongs to an Austin-based real estate investment firm owned by Nate Paul. World Class Capital Group has acquired an enviable portfolio of some of Austin’s choicest parcels with ambitious plans to lease or develop them. Paul has described himself in media reports as wanting to become “the youngest self-made real estate billionaire.” These days, Paul’s name is associated not just with a real estate empire but with a series of recent high-profile bankruptcies and a much-publicized raid on his home and business office last year by FBI and U.S. Department of Treasury agents. The investigation remained active as recently as April, though no criminal charges have been filed, according to...
    MILPITAS — A veteran real estate investor with a national reach has bought a big apartment complex in Milpitas, a deal that points to ongoing strong buyer interest in the Silicon Valley housing market. Victorian Square, an apartment complex in Milpitas, has been bought by an affiliate of Klingbeil Capital Management, a real estate firm with a San Francisco office and roots in Ohio, according to public property and business records. The 96-unit Victorian Square, located at 2021 N. Milpitas Blvd. in Milpitas, was bought for $36.3 million, property records filed with Santa Clara County officials on Oct. 2. show. Located near the tech hubs in San Jose, Milpitas, and Fremont, the apartment complex appears to be in strong demand from renters. The apartments.com website states that none of the units in the complex are available for rent. The new owner of the Victorian Square apartment complex states that it owns a wide range of properties, according to the buyer’s website. “Klingbeil Capital Management is a multi-faceted national real estate company with holdings throughout the United States,” the company said....
    Texas Attorney General Ken Paxton has been accused of helping real estate investor and campaign donor Nate Paul after his offices were last year raided by the FBI.  Paxton  - who is leading the attorneys general antitrust probe into Google -  is said to have given legal favors to the Austin based businessman who donated $25,000 to his 2018 re election bid.  In a single-page letter several of the Republican's top deputies wrote that they reported him to 'the appropriate law enforcement authority' for potentially breaking the law 'in his official capacity as the current Attorney General of Texas.'  Text messages obtained by The Houston Chronicle show Paxton's first assistant, Jeff Mateer, had texted Paxton accusing him of 'violations concerning his relationship with Paul'. He wrote: 'Each of the individuals in this text chain made a good faith report of violations by you to an appropriate law enforcement authority concerning your relationship and activities with Nate Paul.' Paxton replied he was out of office and asked them to email their concerns.   Texas Attorney General Ken Paxton has been accused of helping real estate investor and...
    OAKLAND — A big-time real estate investor from Texas has grabbed several apartment complexes collectively containing hundreds of apartment units in choice Oakland neighborhoods, an indication that some major players see plenty of upside in the East Bay’s largest city. Invesco Advisors, acting through an affiliate, has bought eight apartment buildings on the edges of downtown Oakland and near Lake Merritt, according to Alameda County property records. “This is a very interesting play,” said Edward Del Beccaro, an executive vice president with TRI Commercial, and Bay Area managing director for the commercial real estate firm. “Invesco is a major investor, big guys out of Dallas.” The property purchases are primarily near in or near downtown Oakland, the vibrant Uptown district, the Pill Hill section, and Lake Merritt area of the city, county records show. “Kaiser and Sutter are both expanding in the areas of the purchases,” Del Beccaro said. “These apartments are all in upscale parts of Oakland. The neighborhoods are going through upgrades and improvements.” All told, the Invesco affiliate paid $79.2 million for the eight apartments, with prices...
    VIDEO3:3203:32Fmr. San Antonio Spurs David Robinson on real estate opportunitiesClosing Bell NBA legend-turned-real estate investor David Robinson told CNBC on Monday that he believes the coronavirus pandemic has not ushered in the end of corporate offices, despite the widespread work-from-home shift during the crisis. "The socialization, the amount of work, the quality of work you get done when you're collaborating with your people in the office is just unparalleled," the co-founder of Admiral Capital Group said on "Closing Bell."  For that reason, Robinson, who is a two-time NBA champion and member of the Naismith Memorial Basketball Hall of Fame, said he believes people will want to return to the office eventually. But, he added, they are likely to do so "with a new, refreshed perspective on what's important in their lives."  "I know for me personally, and from a business standpoint, it's been a resetting time. It's been a time to rethink family, a time to rethink what you're doing at the office," said Robinson, whose real estate investment trust has a portfolio of 12,500 multifamily housing units and 1.5 million...
    Best of the 2020 Major League Soccer season We Did Some Digging & Found the 14 Best Jackets at the Nordstrom Anniversary Sale Hong Kong Investor, NPS Seek Buyer for Shanghai Mall (Bloomberg) -- Hong Kong real estate investor Phoenix Property Investors HK Ltd. and South Korea’s National Pension Service are considering selling a shopping mall they jointly own in Shanghai, according to people familiar with the matter. © Bloomberg Shoppers and pedestrians wearing protective masks walk past stores on Nanjing Road in Shanghai, China, on Saturday, March 14, 2020. Data on China's industrial output, investment and retail sales due Monday are forecast to show an across-the-board contraction for the first time on record, evidence of the extent to which the coronavirus has ravaged the economy. Phoenix Property and NPS hold 50% each of the retail area of Crystal Galleria, a mixed-used project in Shanghai’s central Jing’an district. The asset may fetch as much as $860 million in total, the people said, asking not to be identified because the details are private. Load Error Phoenix Property didn’t immediately...
    VIDEO6:2006:20Robert Herjavec on US considering a ban on TikTok for national security reasonsSquawk Alley "Shark Tank" investor Robert Herjavec said Thursday he believes the coronavirus pandemic has shifted attitudes about city living, altering the dynamics of the real estate market for years ahead.  "This is one of the greatest moves to the suburbs from urban areas since the 1950s or the '60s," Herjavec said on CNBC's "Squawk Alley." "I recently moved out of Los Angeles into a suburban area, and I can tell you on a very personal level, my area is on fire."  Herjavec, CEO and founder of cybersecurity firm Herjavec Group, said he feels that the changes in geographic preference will persist beyond just the height of the Covid-19 outbreak, predicting it will "be a trend for a while."  "Everybody wants to leave large urban communities and move out into the suburbs," said Herjavec, who also owns stakes in many small and medium-size businesses. "And I think urban real estate is going to hurt for a little bit."  On Wednesday, new data showed New York City apartment vacancy in June...
    Kennedy Wilson, a busy California investor, has scooped up several south San Jose buildings in a deal that shows buyers hunger for commercial properties in a wide range of Silicon Valley sites. A fund managed by Kennedy Wilson has bought several buildings that front on Great Oaks Boulevard, Santa Teresa Boulevard, San Ignacio Avenue, and Via Del Oro in south San Jose. “We are confident in the long-term prospects of the greater South Bay market where Kennedy Wilson Fund VI currently owns investments in excess of 660,000 square feet of commercial space,” said Nick Colonna, president of commercial investments with Kennedy Wilson. a real estate investment firm. The Kennedy Wilson group paid $53.5 million for the buildings, according to property documents filed with Santa Clara County officials on June 30. “We were eager to move on an opportunity to acquire a high-quality portfolio with such a strong tenant base,” Colonna said. The six buildings involved in the most recent deal total 257,000 square feet, according to Kennedy Wilson, a major player in real estate investments. Kennedy Wilson executives believe the...
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