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April 20, 2022

New York Firm Raising Third Fund To Buy Up Georgia Houses And Rent Them Out

Demystifying The Return To Office: How Your Building's More Prepared For Tenants Than You Think April 26

How does a fund seeking to buy $200M worth of single-family houses in the Southeast and turn them into rentals deploy that much capital? One unsolicited text at a time.

New York Firm Raising Third Fund To Buy Up Georgia Houses And Rent Them Out

C-Star, a New York-based investment firm, is raising $50M in equity for a fund to buy single-family houses and convert them to rentals in Georgia, Florida and the Carolinas over this coming year, Michael Nemirovsky, the vice president of the investment fund, told Bisnow. With debt, the fund will look to spend $200M…

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Georgia-Based Coworking Provider Plans 500-Location Expansion Thanks To New Investment

Georgia-Based Coworking Provider Plans 500-Location Expansion Thanks To New Investment

Georgia-based coworking company Thrive is planning a massive expansion thanks to a new cash infusion.Real estate investment firm 33 Degrees announced Tuesday it is making a significant investment in Thrive, allowing the coworking company to expand to 500 locations in the United States and Canada.A spokesperson has not responded to requests…

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Braves Seeking Tax Break For Truist Office At The Battery

Braves Seeking Tax Break For Truist Office At The Battery

The development arm of the Atlanta Braves is trying to drive home a 15-year tax abatement for a new office tower at The Battery at Truist Park that will be occupied by the stadium's namesake.But at least one member of the

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Biden’s Biotech Moonshot Has The Money. Now Cities Want It In Their Backyard

 

Cities and states jockeying for position in the race for biotech dollars and talent have their sights set on a whale that comes along once in a generation.

When President Joe Biden announced last year that the federal government is launching a new outfit, the Advanced Research Projects Agency for Health, dedicated to funding moonshot tech research, he kicked off a new, high-stakes battle among municipalities that are eager to land the headquarters of a federal agency dedicated to advancing and funding cutting-edge research.

Meant to “drive breakthroughs in biomedicine to prevent, detect and treat diseases, including cancer, Alzheimer’s and diabetes,” Biden said at a recent March event, ARPA-H is part of an overall increase in health and biotech funding championed by the new administration.

When up and running, the new agency will dole out billions of dollars in research grants, adding to the sizable pool of existing National Institutes of Health grants while supporting more experimental, cutting-edge treatments and therapies.

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Hate To Burst Your Bubble, But No One Really Knows What 5% Mortgage Rates Will Mean For Real Estate

In mid-April, average mortgage rates surpassed 5% for the first time in about a decade — and they are expected to increase further as the Federal Reserve increases interest rates this year in an effort to put a lid on inflation.

Higher rates will cut into demand for housing, experts agree, but there is less agreement on whether that means a hard landing for the housing market — a 2008-style bubble pop, that is — or merely some cooling of the market's recent fever pitch.

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