Move over millennials. Gen Zers are here.

With an estimated $143B in buying power, they are ready to take over and disrupt the multifamily space, Streetsense Managing Principal Eric Burka said.

AT&T will sell 37 real estate properties this fall through Williams & Williams, a specialist in global live and interactive real estate auctions. The assets are located in nine states and are selling in a combination of on-site and online auctions organised between 16 and 25 October. Williams & Williams will conduct the auctions in conjunction with strategic broker partner JLL.

AT&T is offering each property separately for auction and most will come with leaseback deals in place. The properties include industrial and office, and several have potential for significant redevelopment. The properties are located in regional markets in AL, FL, IL, IN, LA, GA, OH, SC, TN and WI. Two properties in Opportunity Zones are in Marion, AL and Euclid, OH...

https://www.auctionnetwork.com/search/wisconsin

• Tiny house living changes your finances for the better, according to six people who live in tiny houses.
  
  
• Many were able to significantly reduce their housing costs, thereby doubling — or even tripling — their savings.
  
  
• The extra money has brought them new opportunities to enrich their lives, they said — with experiences like traveling or starting a business.
  

As the days of investors going door-to-door house hunting for properties to purchase and flip enter the rearview, it’s no longer outlandish for someone to purchase an investment property sight unseen, without stepping foot in the home or even visiting the state that it’s in. In fact, 90% of the buyers on our marketplace live more than 250 miles away from their investment properties....

Average Office Asking Rental Rate Enjoys 4.2 Percent Annual Growth

Regardless of the economic climate, arguments can always be made for why small business owners should purchase their commercial properties. With a steadily growing economy and still historically low interest rates, reasons to buy rather than rent are incredibly compelling right now. I have worked with entrepreneurs and the U.S. Small Business Administration for more than 20 years, helping business owners grow their wealth through the purchase of commercial real estate. I have weathered rising and falling interest rates, seen banks pull capital from the markets and trudged through the Great Recession. The past few years have been good to many business owners, but the overall market for commercial real estate acquisition today is as solid as I can remember...

1. You can diversify your retirement portfolio with real estate...
2. You won`t have to pay rent (to others)...
3. You have the opportunity to become a landlord...
4. You may be able to rent your building to your successor...
5. There are options for many types of businesses...
6. Rates are currently low...

• Walmart is the largest grocer in America in terms of sales, by a large margin.
  
  
• Though not as big as Walmart, Austin, Texas-based Whole Foods is known for its natural and organic food options. Amazon acquired Whole Foods for $13.7 billion in 2017 and has expanded online ordering and deals for Prime members.
  
  
• We went shopping at both grocery stores to see which was better, and we were surprised when the Amazon-owned store let us down.
  
  
• The low prices and vast selection at Walmart made the shopping experience there vastly superior to the one at Whole Foods.

  Walmart versus Amazon? It`s a now-classic comparison.

  When it comes to online shopping, the competition between the two seems to get more intense every year. But when it comes to shopping for groceries in person, which store has the edge...

Jessica Chen remembers the first time she heard that the Seminole Tribe was going to commission a $1.5B, 35-story hotel in the shape of a guitar, and that she would be in charge of building it.

"We were actually building a helicopter pad for the Seminole Hard Rock Hollywood when I first saw any renderings of this project," Chen told Bisnow. "I saw different versions in renderings only, and I could not believe that they were going to build this guitar."...

Ross Cooper, President and Chief Investment Officer of Kimco Realty, a major North American REIT, sits down with me to discuss how Kimco plans to deal with big box vacancies.

At the time of this interview, according to Ross, Kimco was “north of ninety-eight percent leased on their anchor stores. Ross points out the continuing trend to add off-price retailers and specialty grocers as well as a new trend of fitness in shopping centers. They are also considering redevelopment with multi-family, office and hotel, in the appropriate cases...

....It’s all about getting the customer to the center...

• A tiny penthouse apartment in New York City is on the market for $645,000.
  
  
• At just 350 square feet, that puts the cost at $1,843 per square foot, which is $426 more per square foot than the Manhattan average.
  
  
• The compact SoHo studio, which was previously listed for $750,000, was designed with simplicity and multifunctionality in mind.
  
  
• The space is also tech-heavy, including motorized blinds, energy-efficient light bulbs, Nest security cameras, and air purifiers.
  

Most of us have a general idea of what we as a society believe is a certain culture of work and professionalism. Of course, it’s taken in and observed differently depending on where you are on this planet exactly. Most of if not all of the people I work with and are around are what I would call borderline to extreme Type A people. They are flat out on their game 24/7/365 and that to me is just the norm. It’s how they are built. There are some that find it not only repulsive they have no comprehension of what real work is.

Working or The Grind.

I’m going to come at this from the point of view of a broker. It’s where I live...

CoStar Group, the commercial real estate data leader that has more than doubled its market value in the last two years, just unveiled a major shift in its research and sales efforts.

The D.C.-based company is relocating 145 positions from D.C., Atlanta and other East Coast offices to Richmond, Virginia, CEO Andy Florance said on CoStar`s earnings call Tuesday. 

In addition, CoStar is eliminating 120 researcher positions from Atlanta this month and hiring 100 sales people in the Richmond office, a research hub it opened in 2016. Following the consolidation, CoStar`s Richmond office will have 950 people, compared to 750 in its Downtown D.C. headquarters.

This warehouse space is in a great location just off of W Verona Avenue. The space is a comfortable 2,000 sq/ft, has a 12` x 12` overhead door, includes a floor drain, and includes an office space inside the warehouse. Additional mezzanine space as well. This is available 9/1/19 so don`t miss out on this opportunity!

• Amazon has partnered with Realogy, the US`s largest residential real-estate brokerage company, to launch a service called TurnKey that connects prospective homebuyers with real-estate brokers.
  
  
• Customers who enter their details on Amazon.com are connected with Realogy brokers in the area where they`re looking for a property.
  
  
• If a person purchases a home through the service, they get up to $5,000 to spend on Amazon Home Services and Amazon`s smart-home devices.
  
  
• It`s good for Amazon, which can get its smart-home devices into the hands of more customers and spread the word about the home services that it offers.
  

This space is in a perfect location on State Street, below UW Credit Union. This is a lower level unit with newer construction, high ceilings, and has a private entrance. This is available as of 8/1/19 so don`t miss out on a perfect opportunity to secure your location on State Street!

One of the most highly anticipated corporate filings dropped this morning when The We Company made public its prospectus before its initial public offering. 

The parent company of WeWork divulged more than 350 pages of financial information, risk analysis, business plans and disclosures about the way it operates, including with one of the most powerful men in real estate, its co-founder and CEO Adam Neumann. 

The headline news was its losses, as it is for many “unicorn” companies with valuations like WeWork’s current $47B number. After $1.9B in losses last year, WeWork lost nearly $700M in the first half of 2019, and said it will likely continue to lose more money “in the foreseeable future.”...

On a recent day this summer, Dana Hathaitham stood in the middle of Kitchen United’s Pasadena location and watched the action unfold.  

Delivery drivers carrying satchels with Grubhub written on the sides walked in and out of the kitchen to pick up food. A group of people — a combination of local office workers and families — waited in line to place their orders at one of the four computer kiosks. An expediter fetched food and shouted out the names of those waiting for their pickup orders.

CAR WASH INVESTOR ALERT The Bluebird Car Wash in Cambridge is for sale including real estate. Three manual and one touchless automatice bay with dryer. Included is four vacuum stations and two change machines. Built in 1994 upgrated in 2011. Located on the edge of town on US Hwy 18. Priced at $269,900 for a quick sale.

For the past couple of years, opportunity zones have been a rolling thundercloud of interest, excitement and debate hovering over the real estate industry. But the lightning it promised has yet to strike. 

Since the opportunity zone program was introduced, the flurry of investment activity that its architects foretold hasn’t materialized. In its place, an ecosystem of events, media, marketing and paid consultation has arisen and flourished — an industry based on talking about opportunity zones rather than investing in them...

If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and and Denver, where housing costs are rising year over year.

That’s according to a recent report from Rent.com on the cost of city living, which analyzed data from the 2016 and 2017 editions of the U.S. Consumer Expenditure Survey, which is conducted annually by the U.S. Bureau of Labor Statistics. The report looked at the change in housing costs in 22 major metropolitan areas over 12 months...

New York City retail is a tale of two cities. On one hand we have Brookfield Place, Hudson Yards and Empire Outlets, which have the potential to transform neighborhoods (in one case creating a new neighborhood out of thin air). On the other, we have rising ground-floor retail vacancy. There are several causes for the increase in vacancies which are seemingly rampant in some neighborhoods. But there’s no question the rise of online shopping is a major factor. 

This former school building along Dairy Dr on Madison’s East Side presents a unique opportunity to lease a mix of private offices and open workspace. Ample on site parking and great Hwy connectivity make this an attractive site for office and special purpose tenants. The extensive parcel size offers a great opportunity for immediate or future expansion.

Corner suite with four private offices, open space or training room, conference room, small break area, reception...

Food delivery apps are reshaping the restaurant industry — and how we eat — by inspiring digital-only establishments that don’t need a dining room or waiters.

SAN FRANCISCO — At 9:30 on most weeknights, Ricky Lopez, the head chef and owner of Top Round Roast Beef in San Francisco, stacks up dozens of hot beef sandwiches and sides of curly fries to serve hungry diners.

He also breads chicken cutlets for another of his restaurants, Red Ribbon Fried Chicken. He flips beef patties on the grill for a third, TR Burgers and Wings. And he mixes frozen custard for a dessert shop he runs, Ice Cream Custard...

Renowned architect César Pelli died Friday at 92.

Pelli grew up in Argentina and came to the United States in the 1950s for graduate studies, working for a decade for architect Eero Saarinen in Michigan and then for firms on the West Coast.

In 1977, he founded his own firm, currently known as Pelli Clarke Pelli Architects, and also became dean of the Yale School of Architecture, a post he held until 1984...

Between 1,900 and 7,000 square feet available at the Historic Gardner Baker Building. The Building is at the corner of East Washington and Paterson, and is across from Breese Stevens Field and Hotel Indigo. More than sixty on-site parking spaces. TI allowance negotiable. $25/square foot.

A Historic Hotel Restaurant known for its fine Swiss cuisine. 250 seat capacity that includes a full commercial kitchen, lounge w/unique sunken bar, upper level dining rm w/fireplace & service bar, a main dining rm w/dance floor & stage, a banquet rm & balcony dining area, totaling 11, 560 sf. The Ticino Pizzeria (1,456 sf) and a cheese shop & 4 hotel rooms, (upstairs) provides add`l revenue...

• I taste-tested fried-chicken sandwiches from Chick-fil-A, KFC, McDonald`s, Arby`s, Shake Shack, Burger King, Popeyes, and Wendy`s to see how they compared.
  
  
• I judged the chicken sandwiches based on their buns, texture, and flavor, and my overall impression.
  
  
• With its juicy, crispy chicken and well-balanced flavors, Popeyes` classic chicken sandwich was far better than the rest. It was also the cheapest sandwich, at $4.
  

Self-storage businesses were arguably the buzziest product type in real estate several years ago. Years of ramped-up development have since chopped returns in half, but even that isn’t deterring a generally optimistic outlook for the sector.

The self-storage sector has outperformed other asset classes this cycle and garnered interest from REITs that have shifted self-storage into more of an institutional operation. Demographic trends — 8% of the U.S. uses self-storage today, compared to 3% in the 1990s — limited capital required for upkeep and low supply in relation to demand has drawn institutional investors to the historically mom-and-pop-controlled sector...

The company is expected to make its initial public offering paperwork public in August, the person said...

A 10% tariff scheduled to go into effect on September 1 drove declines in retail stocks on Monday morning, but Moody’s says there are some major retailers that are insulated from the impact.

Walmart Inc. WMT, -0.01%, Target Corp. TGT, -0.50%, Costco Wholesale Corp. COST, -0.46%, Amazon.com Inc. AMZN, -0.48% and Best Buy Co Inc. BBY, -0.59% have diversified their supply chains and pre-purchased merchandise over recent quarters, which should lessen the damage, Moody’s analysts led by Charlie O’Shea wrote in a note...

5 buildings involved. 3 office/2 retail. 11669 sf,11669 sf., 8352 sf., 8351 sf., 14,928 sf.. 94.5% Leased. Seller will guarantee 100% occupancy at closing for 1 year. No deferred maintenance. CA required for numbers.(attached) All built in the 90s. All have great exposure and signage. Priced at 7% C.R.

There is a lot of money to be made in commercial real estate. In many positions in our industry, people can earn from $80,000 to almost $250,000 between salary and bonuses. That’s certainly a lot of money. But when you’re talking about going into seven figures in commercial real estate, there are only three tried-and-true roles where you can create real wealth: investor, developer and broker...

Trucking company Schneider National is pulling out of the last-mile logistics business involving the delivery of appliances and other large consumer goods. According to the company, it has been losing money on that end of the business, despite a sizable investment in it.

The growth of e-commerce was supposed to support the growth of last-mile deliveries — and it has been driving industrial rents up — but it didn`t work out that way for Schneider, which reported that its First to Final Mile unit will close at the end of the year....

Among U.S. demographic groups, millennials care the most about having sustainable features in the apartments they rent, and even say they are willing to pay more for such green features, according to a new report by multifamily developer AMLI Residential.

Millennials reported feeling particularly concerned about climate change and expressed a heightened desire to solve environmental problems, followed by Gen X, Gen Z and lastly baby boomers, according to the company`s third annual Sustainable Living Index, a survey of more than 3,500 AMLI apartment residents. ..

Single-tenant investment opportunity located in the Fitchburg Business Park. 1.19 acre parcel improved with a 16,083 sf flex building occupied by iCOMBAT. Tenant is a successful indoor tactical laser tag entertainment center with 3 locations in the midwest. Tenant recently renewed their lease.

Single-tenant investment opportunity in Fitchburg. 1.19 acre parcel improved with a 16,083 sf flex building occupied by long-term tenant, iCOMBAT. Tenant is a successful indoor tactical laser tag entertainment center with multiple locations and manufactures and distributes equipment globally to 66 countries. Tenant recently exercised their initial option period extending the lease to 2022.

Prices in many real estate markets have regained their pre-financial-crisis levels. Prices in some areas have surpassed those levels and are still going up. That means many real estate investors now own properties that are worth way more than their tax basis. That’s especially likely with a rental property for which you’ve claimed depreciation deductions over the years. Those depreciation write-offs reduced your tax basis in the property, resulting in a bigger taxable gain if you sell.

Here’s the message: If you are a well-seasoned individual who owns real property that would trigger a big taxable gain if sold, please think long and hard about not selling. Why? Because simple inaction or arranging for a tax-free Section 1031 exchange, instead of a sale, could be tax-smart strategies...

Great Office location available on the Capitol Square. Approximately 2500-5000 SF, at $17.00 per SF gross. Janitorial is included. Includes access to large first floor conference room, sky lights, 9`+ ceilings, kitchen, break room, and telecom closet. Space has sensitive preservation of vintage finishes of this 1912 building, which include a grand entry staircase, wide woodwork, large windows.

Iconic, award winning restaurant for sale. Fully equipped, turn key operation. Currently, doing over $1,000,000 in sales per year from dine in, take out, delivery and catering. Very franchisable concept.

Revitalization projects are taking place throughout the county

You have to venture away from downtown to find the “more” in Baltimore. Sure, there is plenty to do in the city center, with its inviting mix of historic and modern attractions. But the surrounding communities have plenty to offer as well, from walkable neighborhoods to revitalized downtowns filled with attractive architecture and a growing number of locally-owned restaurants and boutiques...

Most office jobs these days require nothing more than a laptop, Slack, and killer inbox-zero skills. Desktops are dinosaurs. Human contact is optional.

To landlords, this offers the exciting prospect of hordes of office-less millennials roaming around with never-ending work to do and nowhere quiet to do it.

Which is why we’re seeing every asset class transform into coworking, and everything from churches to schools to gyms to malls dedicating space for work. For some, it’s a part of their core business model; for others, it’s a gateway space that attracts foot traffic, anchors a community, and provides an excuse to say “community” a lot...

2018 DOY Presentation with Photos is Here!

Amazon is seeking to grow its industrial footprint near urban centers to help reduce delivery times, and a newly approved, 4M SF fulfillment center in the D.C. suburbs appears to be part of that strategy.

The Prince George`s County Planning Board Thursday approved a plan for a five-story, roughly 4M SF industrial facility at the Westphalia Town Center development. 

Amazon has not confirmed it is the tenant for the planned building. But the project`s developer, Duke Realty Corp., counts Amazon as its largest client, the Washington Business Journal reports. And the Washington Post reported earlier this month, citing anonymous government officials, that Amazon was pursuing plans to open a logistics center in Prince George`s County that would employ 1,500 people....

The decision this week by Best Buy to abandon its location at 875 North Michigan Ave. on Chicago’s Magnificent Mile was just the latest blow to the city’s most valuable stretch of retail. The blocks on Michigan Avenue between the Chicago River and Oak Street are dotted with vacancies, which would have been an unusual sight just a few years ago.

Mid-America Real Estate Corp. principal Stan Nitzberg, a board member of the Magnificent Mile Association, estimates the vacancy rate sits between 9% and 12%, at or near a historic high...

Over a span of two decades, close to 1,000 people have lost their lives in active-shooter or aggressor events inside schools, buildings, parks and other public areas. 

While the shooters face criminal charges, they aren’t the ones landing in civil court to cover damages. Defendant X in much of the high-stakes litigation after live shootings is the property owner or building manager where the crime took place....

OpenSpace, an imaging and AI-driven platform providing 360-degree visibility for construction sites, has raised $14 million in a Series A round led by Lux Capital.

Other participants in the financing included a mix of institutional venture firms (Goldcrest Capital, Navitas Capital and Zigg Capital), the venture arm of commercial real estate brokerage (JLL Spark) and a developer and construction company (Tishman Speyer and Suffolk Construction). Real estate developer and co-working giant WeWork also put money in the round.

SIOR Regional Conference

When it comes to launching into space, NASA isn`t the only game in the United States anymore, though it is still the main player. The U.S. has four functioning spaceports, two of which are not part of the federal government. Other new private facilities are aspirational, preparing for a possible future growth in space travel and rocketry. 

The emerging state-owned and private spaceports have varied degrees of success so far, but all have the potential to spur regional growth.

• No restaurant chain can live forever, no matter how popular or unique it is.
  
  
• From America`s first food-service automat to a castle-themed buffet to country comedian chicken joints, many classic restaurant chains have come and gone.
  
  
• Here are 12 iconic restaurant chains that no longer exist in the US.

The cannabis industry had a banner year in 2018, and the success has continued unabated into 2019.

Last week, New York Gov. Andrew Cuomo signed a bill decriminalizing recreational marijuana. In June, Illinois Gov. J.B. Pritzker made his state the first to approve the legalization of recreational marijuana via the legislature (as opposed to referendum). The sale of cannabis in Illinois will begin Jan. 1, 2020. That same month, the U.S. House of Representatives approved a measure that will keep the federal government from interfering with state laws regulating marijuana use...

Real estate remains one of the most popular assets for U.S. investors. But most have a hard time buying because of the upfront dollars involved.

ETFs can be the next best thing for small-time investors looking for real-estate exposure:

Sure, those investors can always buy Real Estate Investment Trusts, or REITs, that allow anyone with a brokerage account and as little as a hundred bucks the ability to play different real-estate segments. But these stocks are a special class of company with unique accounting quirks, among them a mandate to deliver 90% of taxable income back to shareholders as well as the capital-intensive nature of purchasing and maintaining properties and the general notion that real estate as an asset that doesn’t depreciate like a piece of machinery. That means traditional Wall Street metrics such as earnings aren’t as helpful in assessing the health of a stock, and investors must learn new terminology and analysis of things like adjusted funds from operation to truly pick stocks in this sector...

Free Commercial TIF Land Available. The Village of Marshall has two commercial development lots available for growing businesses. Highway Business Zoning allows for many commercial uses. Retail, Restaurants, Hotel, Office, Light Manufacturing. Bring your ideas to the table. Marshall wants to make something happen. Broker Fees Protected. 4% Commission is based on $3.70/SF for land.

The average farm real estate values for the U.S. is $3,160 per acre in 2019. That’s up $60 from 2018, according to USDA’s 2019 Land Values Summary.

As the real estate cycle lengthens and property prices continue their decade-long rise, many commercial real estate professionals across the country are finding it increasingly challenging to identify value-add acquisition opportunities. In my view, one of the few exceptions to this rule is workforce housing.

The dearth of accessibly priced housing in major metros like San Francisco and New York City has been widely discussed, and in my mind, there is no question that our society has to do a better job of enhancing and expanding the stock of housing that is affordable to middle-income-earners. Fortunately, the current supply-demand dynamics have made workforce housing properties in strategic growth markets near city centers some of the most compelling investment prospects available today...

Iconic, award winning restaurant for sale. Fully equipped, turn key operation. Currently, doing over $1,000,000 in sales per year from dine in, take out, delivery and catering. Very franchisable concept.

4.7 acres zoned Business Highway (B-H - City of Fitchburg) located close to the Beltline Hwy-Park Street (Hwy 14) interchange...

7.5 Acres on the Sugar River in Paoli, this 10 unit mixed-use commercial/residential bldg has 10 unique, large units many with high vaulted ceilings overlooking the Sugar River. No one unit is alike. 7.5 acres, makes room for additional units or building, C1 zoning allows many uses. Real Estate only for sale. Building is fully leased. 48-hour notice for showings 10-12 on Tues & Thurs. Proof of funds availability needed...

In this video, I interview Jeff Phillips, co-founder and CEO of Phillips Edison & Company. Jeff explains what went wrong with Toys R. Us and how to fix it....

• You can purchase a tiny home from the Chinese firm WZH Group on Amazon for less than a fraction of what the average home costs in the United States.
  
  
• The home expands with the click of a remote control and uses solar and wind power.
  
  
• Houses like these are appearing on Amazon as the demand for smaller homes gets bigger.
  

Foot Locker is rolling out larger, more experiential stores in collaboration with sports apparel giant Nike. The locations, known as Foot Locker Power Stores, will be roughly 9K SF, about four times as large as typical Foot Locker stores, and will include proprietary technology developed by Nike.

The footwear retailer is betting big on the new concept in the face of an ailing retail market — it plans to open as many as 50 such locations nationwide over the next two years. The latest location is opening on Aug. 10 in the Washington Heights neighborhood of Manhattan.

With the rollout, the company aims to reinvent its shoe stores to bring people in, despite competition from Amazon and other physical stores, CNBC reports...

A Historic Hotel Restaurant known for its fine Swiss cuisine. 250 seat capacity that includes a full commercial kitchen, lounge w/unique sunken bar, upper level dining rm w/fireplace & service bar, a main dining rm w/dance floor & stage, a banquet rm & balcony dining area, totaling 11, 560 sf. The Ticino Pizzeria (1,456 sf) and a cheese shop & 4 hotel rooms, (upstairs) provides add`l revenue...

Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.

(608) 575-1018 or Contact@TWallEnterprises.com

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

• Commercial Real Estate Development
• Design Build Construction
• Commercial Real Estate Brokerage
• Economic Development, Commercial Real Estate, and Facility Consulting