PS&S’ Post

Join CoreNet Philadelphia for a dynamic discussion on strategic real estate transformation as it relates to the acceptance of hybrid work and reimagining existing building stock. This conversation will focus on what developers, owners, and landlords can do to reactivate their assets to increase occupancy even if the building is fully leased. Learn from industry experts on how a building conversion affects and appeals to tenants, leasing agents, and investors alike. Register here: https://bit.ly/3urXpr5

🧐 Repurposing existing buildings to #mixeduse or #multifamily… 💬 With more people working from home and online retail booming…the #office and #retail market is evolving with more than 1 billion square feet available in the US, which is 1.5 times the amount from the end of 2019. 🏡 Repurposing is a compelling strategy, as the housing shortage continues and affordability becomes increasingly scarce. 🏢 According to a recent Yardi RentCafe.com report, Office - to - Apartment conversions have more than quadrupled in the past 4 years with more than 55,000 units being converted today. What are your thoughts? 💭 Check out this link 🔗 to read the full article: https://lnkd.in/ghYtTC8q #multifamily #commercialrealestate #housingtrends #community #apartments #affordablehousing #yardi

Exciting times in the #BostonRealEstate landscape! High-profile transactions like EchelonSeaport's record-breaking sale and Soep Painting's mammoth lease at Boston's Innovation and Design Building showcase the city's real estate dynamism. But it raises questions. Are you optimizing your assets and unlocking maximum value in this vibrant market? Even seasoned businesses might overlook crucial strategies. For example, securing financing for redevelopment projects can drive immense value, a move masterfully executed by the Davis Companies and Marcus Partners. But, is your business tapping into this strategy? And how about location? South Boston is rapidly emerging as a go-to spot for office assets, shown by Alexandria Real Estate's recent $49M purchase. Is your business in the right location to capitalize on these trends? Navigating Boston's vigorous real estate market can seem complex. But the right insights and expertise can help optimize your approach. Want to tap into the wealth of possibilities #Boston has to offer? I'm here to make sure you do. Reach out and let's explore together! #BostonRealtor #TurcoGroup #eXpRealty #BostonCondo #BostonHome #MovemetoBoston

LAST CHANCE to register for CoreNet Philadelphia's dynamic discussion on strategic real estate transformation as it relates to the acceptance of hybrid work and reimagining existing building stock. This conversation will focus on what developers, owners, and landlords can do to reactivate their assets to increase occupancy even if the building is fully leased. Learn from industry experts on how a building conversion affects and appeals to tenants, leasing agents, and investors alike. Register here: https://bit.ly/3urXpr5

Suntide released its Q2 Commercial Real Estate Report this week. Using data compiled from Minnesota Commercial Association of Realtors and RediCatylist, the report gives an overview of what our brokerage team is seeing in the Twin Cities' office market. Matt Angleson, Minneapolis Office Specialist breaks it down, "As downtown vacancy rates soar to an eye-popping 22.6%, the Minneapolis CBD is navigating uncharted waters, with tenants fleeing and leaving behind a skyline of empty offices. This shake-up signals a seismic shift in urban office demand, transforming the landscape into a battleground for landlords and a goldmine for opportunistic investors." Kevin Peck offers his own insight on the market, “Although the vacancy rates are increasing, we continue to see strong demand for high quality properties. Tenants continue to be willing to pay premium rents and commit to longer lease terms to get what they want. If you are going to go to the office, make it a great office.”   #PropertyManagement #CRE #CommercialRealEstate #invest #office #investment #brokerage #realestate #StPaul #Minneapolis #Minnesota

Tampa Bay's Commercial Real Estate: Bucking the Trend! While the national market might be shifting, Tampa Bay's commercial real estate landscape is thriving! Here's why Tampa Bay is a prime location for your next investment: - Build-to-Rent: A staggering 156% growth since 2017 solidifies Tampa Bay as a leader in the Build-to-Rent market. - Industrial: High tenant demand is fueling development, with over 5.7 million square feet of new industrial space delivered in 2023 alone! - Office: While national office markets face challenges, Hillsborough County defies the trend with positive net absorption. Thinking of investing in commercial real estate? Tampa Bay offers exceptional growth opportunities! #NoorAudi #CREInvestment #MarketLeaders #StrategicInvestment

Tampa Bay's Commercial Real Estate: Bucking the Trend! While the national market might be shifting, Tampa Bay's commercial real estate landscape is thriving! Here's why Tampa Bay is a prime location for your next investment: - Build-to-Rent: A staggering 156% growth since 2017 solidifies Tampa Bay as a leader in the Build-to-Rent market. - Industrial: High tenant demand is fueling development, with over 5.7 million square feet of new industrial space delivered in 2023 alone! - Office: While national office markets face challenges, Hillsborough County defies the trend with positive net absorption. Thinking of investing in commercial real estate? Tampa Bay offers exceptional growth opportunities! #NoorAudi #CREInvestment #MarketLeaders #StrategicInvestment

Don't forget to join CoreNet Philadelphia for a dynamic discussion on strategic real estate transformation as it relates to the acceptance of hybrid work and reimagining existing building stock. This conversation will focus on what developers, owners, and landlords can do to reactivate their assets to increase occupancy even if the building is fully leased. Learn from industry experts on how a building conversion affects and appeals to tenants, leasing agents, and investors alike. Register here: https://bit.ly/3urXpr5

In this third piece in our new series on reimagining real estate, Hannah Quarterman, Ross Moskowitz, Sabine Adams and Damian Sternberg explore the key drivers for repurposing buildings to residential use from other uses in England, the US and Germany. They explore the key considerations to consider if you are switching to residential use in those jurisdictions, what are the planning permission considerations, have there been any key changes and what are the challenges and opportunities to be aware of?

Meet the innovative property development firm Peacock Capital. We're proud to supply the windows and doors for their Oak Gate project, and wanted to take a moment to celebrate their great work. Peacock has a different approach to #workforcehousing: they build to own and operate, not to sell. Since they plan to own the building forever, it needs to last forever - and continue to be profitable. Instead of building as cheaply as possible, they control most of the design and build process, and make value-first choices. The result? Major benefits to investors: 🏗 Peacock greatly reduces construction and operating costs by controlling most of the elements of the build. This is what makes or breaks the profitability of a building. 📈 The potential for infinite ROI. Even after we’ve paid back the initial investment, investors are still in the deal and share in distributions on the cash flow. 💵 Building with quality materials means their insurance costs are lower. "That adds greatly to the profitability of our buildings," shared Peacock's Jason Schaller This is the type of sustainable, profitable vision that the real estate industry needs. Thanks for the opportunity to partner on the Oak Gate development - and for your kind words about Bauwerk's windows and doors!