It's Not All About Millennials:
Mike Ablon On Developing Offices
For Generation Connected
Mike Ablon, principal and founding partner of PegasusAblon, does not build or buy offices for millennials.
Instead of limiting himself to one narrow demographic, he builds offices for Generation Connected, the multigenerational, overlapping demographic of people living and working in the fast-paced, interconnected world of today.
“We took a little bit of a different stance on looking at millennials, which is we did not really look at millennials … We looked at Generation Connected, which is an overlapping demographic overview that takes all of connectivity and…
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This Week's Dallas-Fort Worth Deal Sheet
SALES
Canal Centre Investors purchased Canal Centre, a Class-A, 238K SF Las Colinas office building at 400 East Las Colinas Blvd., from Libitzky Property Cos. and Sunwest Real Estate Group.
The purchase was made with the help of financing from…
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Craig Hall Calls Out 7 Trends Affecting The Office Market Today
Office activity today can be boiled down to seven drivers, according to Hall Group Chairman and founder Craig Hall. During his keynote speech at Bisnow's Big South Office event, Hall listed changes in financing, technology and information availability, office space density, parking demand, co-working and flexible leasing, amenities and wellness and sustainability as the major forces shaping today's office market.
1. Financing
“I put on my hat of 49 years here [in the real estate business], and I have never seen a cycle where the lenders have had the regulators keep such a long-term stranglehold on them,” Hall said.
According…
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Dry Powder Is Stacking Up In Midwest Multifamily Real Estate As Investors Wait For Deals
Acquisition opportunities for multifamily investors in 2017 have been slim as a record amount of capital flowed into the debt and equity space, and the members of the private equity and investment panel at Bisnow's Big Midwest Multifamily event last Wednesday have had to exercise patience.
Robert Bollhoffer, managing principal of workforce housing specialist 29th Street Capital, said 2017 was his firm's slowest year ever. To date, 29th Street Capital made two acquisitions and 14 dispositions. Bollhoffer said 29th Street Capital typically does 25 acquisitions annually.
"We…
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The Bisnow Interview: 16 Questions With Eastern Consolidated's Adelaide Polsinelli
The Bisnow Interview series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.
Adelaide Polsinelli, senior managing director at Eastern Consolidated, is one of New York's most prolific real estate execs. She heads Eastern Consolidated's retail sales division, but works deals across all asset classes. In her 30-year career, she has sold more than 1,300 properties, valued at over $20B, touching nearly every aspect of commercial real estate and repeatedly breaking pricing records.
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Midwestern Multifamily Real Estate Is Now A Game Of Inches
Rents are flatlining in many Midwestern markets, spurring owners to look for other avenues to achieve yield. From concessions to infrastructure to small investments in tech, developers and property managers are pulling out all the stops to reach their revenue growth goals.
In a market with flat rent growth, technology can be both a revenue generator and a cost-saver. IOTAS founder Scé Pike said good tech packages are leading to $45 rent bumps at Class-B assets for every $500 to $600 in investment,…
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Senior Housing Returns Continue To Slide
Senior housing investment returns hit a new low this year as they continue their long slide, according to Senior Housing News.
Annual returns on senior housing have fallen by 7.65% in three years, from 20.37% in 2014 to 12.72% in…
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Why Billionaire Jeff Vinik Has Gone All-In On Tampa
Almost a decade ago, Jeff Vinik went shopping for a hockey team.
“There were a dozen that were for sale — or could have been for sale,” he told Bisnow in a phone interview.
"[Tampa] had a history of success with sports teams, good, welcoming people and an incredible quality of life," Vinik said. "I had a sense that it had been overlooked and not appreciated. I thought it was undervalued and had great opportunities, one of which is real estate.”
So he moved to Tampa full time, bought the Tampa Bay Lightning NHL franchise — he is also part owner of the Boston Red Sox — and set about transforming the city.
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