commercial real estate articles 2018

Loyd Robbins opens new real estate firm in Sarasota after leaving family firm to sons

24/07/202321/04/2025dansa

Loyd M. Robbins, president and principal broker of Loyd Robbins & Co., became as a sales associate in 1973 and gained his broker's license in 1975. — Loyd M. Robbins, president and principal broker of Loyd Robbins & Co., became as a sales associate in 1973 and gained his broker’s license in 1975.

Despite stepping away from the company he helped build for 50 years, Loyd Robbins has already launched a new real estate firm just a short walk from his old office on Tuttle Avenue.

Loyd Robbins & Co. was founded by Robbins, his wife Freya Robbins and their daughter Ali Marks, according to the news release.

The office at 3580 Tuttle Ave. has a team of 17 agents with a combined 399 years of real estate experience.

Robbins sold his shares in Harry E. Robbins & Associates in mid-June, a firm he helped build with his mother and father beginning in 1973, to his four sons.

However, the transition out of the company was not because Robbins, 68, plans to retire. He said he and his 91-year-old mother sold their shares so that the third generation could take over the family business.

“This may be a new venture, but it is firmly rooted in our longstanding heritage,” Robbins said in a news release. “It’s an opportunity to pay homage to my parents’ legacy while forging

TD Securities Lowers Dream Office Real Estate Investment Trust (TSE:D.UN) Price Target to C$15.00

06/07/202321/04/2025dansa

Dream Office Real Estate Investment Trust (TSE:D.UN – Free Report) had its price target reduced by TD Securities from C$17.00 to C$15.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on D.UN. CIBC cut Dream Office Real Estate Investment Trust from an outperform rating to a neutral rating and dropped their price objective for the company from C$20.00 to C$17.50 in a research note on Thursday, April 13th. Cormark raised Dream Office Real Estate Investment Trust from a market performing rating to a buy rating and dropped their price objective for the company from C$20.50 to C$17.00 in a research note on Thursday, May 18th. National Bankshares raised Dream Office Real Estate Investment Trust from a sector performance rating to an outperform rating and dropped their price objective for the company from C$18.50 to C$16.00 in a research note on Tuesday, April 18th. Finally, Canaccord Genuity Group dropped their price objective on Dream Office Real Estate Investment Trust from C$16.00 to C$15.50 in a research note on Wednesday, May 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy

Housing market downturn a top risk to Canada’s financial system, regulator says – National

24/04/202321/04/2025dansa

A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday.

The Office of the Superintendent of Financial Institutions (OSFI) said it was ensuring that federally regulated financial institutions were alert to changing market conditions in its first annual risk outlook report for the year ending March 31, 2024.

“OSFI is preparing for the possibility, but not predicting, that the housing market will experience sustained weakness through 2023,” said Peter Routledge, Superintendent at OSFI.

The regulator also said the adjustment to higher interest rates “may not be completely smooth” and that it was intensifying monitoring of market liquidity.

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(Reporting by Maiya Keidan and Ismail Shakil)

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True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Shares Up 2.7%

12/04/2023dansa

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) shares shot up 2.7% during mid-day trading on Tuesday . The company traded as high as $2.49 and last traded at $2.49. 300 shares changed hands during trading, a decline of 96% from the average session volume of 8,215 shares. The stock previously closed at $2.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TUERF. National Bank Financial lowered their price objective on True North Commercial Real Estate Investment Trust to C$4.50 in a research report on Thursday, March 16th. Raymond James dropped their target price on True North Commercial Real Estate Investment Trust from C$5.50 to C$4.00 in a report on Thursday, March 16th.

True North Commercial Real Estate Investment Trust Trading Up 2.7 %

The stock has a fifty day moving average of $3.72 and a 200 day moving average of $4.16.

True North Commercial Real Estate Investment Trust Company Profile

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True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. It seeks to identify potential acquisitions using investment criteria that focus on the security

Bank Julius Baer & Co. Ltd Zurich Trims Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

06/04/2023dansa

Bank Julius Baer & Co. Ltd. Zurich lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 32.7% during the 4th quarter, according to the company’s most recent 13F filing with the SEC. The fund owned 3,060 shares of the real estate investment trust’s stock after selling 1,489 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alexandria Real Estate Equities were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in Alexandria Real Estate Equities by 29.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock valued at $548,683,000 after buying an additional 885,711 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 188.7% during the first quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after purchasing an additional 876,725 shares during the last quarter. Victory Capital Management Inc. lifted its position in Alexandria Real Estate

Instability of Banks Boosts Appeal of Property Investing in 2023

27/03/2023dansa

If you’ve been paying attention to the news recently, then you may have noticed several banks collapsing in the US in the past couple of weeks, which is beginning to cause alarm.

For those not in the know, on March 10th, the biggest failure of a US bank since the global financial crisis of 2008 happened in real time. Silicon Valley Bank collapsed after a bank run and failed to raise capital, which was the second-largest failure of a financial institution in US history.

Following this, a second bank, Signature Bank, has also shut down, and a third has been propped up. As well as this, Credit Suisse was taken over by UBS, otherwise it would have faced the first threat to a major international bank since 2008.

More than $400 billion has been spent so far to try and dam the river and stop this crisis from spreading further, and by guaranteeing the deposits of Silicon Valley Bank and Signature Bank, the US Federal Reserve has spent over $140 billion.

This crisis naturally has investors worried about where to put their money. Savings accounts have traditionally been known to be the safest way to invest large sums of money

Business roundup: Salisbury real estate agents earn quality service award – Salisbury Post

19/03/2023dansa

Business roundup: Salisbury real estate agents earn quality service award

Published 12:00 am Sunday, March 19, 2023

Century 21 Real Estate LLC recently recognized Ashlee Flippin and Samantha Allen with the Quality Service Pinnacle Producer Award. These agents will receive a trophy and be recognized at the Century 21 Global Conference.

The award is based on results from a quality service survey that is e-mailed to consumers after the purchase or sale of a home. To earn the award, an agent must receive completed customer surveys for at least 80 percent of their transactions surveyed from Jan. 1-Dec. 31, with an average survey score of at least 95 percent or better for two consecutive years.

Flippin and Allen are with Century 21 Towne & Country in Salisbury.

“The Quality Service Pinnacle Producer Award is an integral part of our brand’s commitment to excellence and recognizes their dedication to making each and every client interaction memorable and worth celebrating,” said Michael Miedler, president and CEO, Century 21 Real Estate LLC, in a news releases. “The power of the Century 21 brand rests on the shoulders of the persistent sales professionals who always strive to deliver 121% for each and every client

Kenny Rogers’s Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News

15/03/2023dansa

One Wall Street welcomes move-ins

The largest office-to-condo conversion in New York history is about to welcome its first residents, as Macklowe Properties unveiled residential interiors at One Wall Street last week, ahead of expected move-ins this month. The 50-story building began life in 1931 as the Irving Trust Company Headquarters, an Art Deco tower designed by skyscraper pioneer Ralph Walker.

Five years of renovations included completely gutting the building’s interior—removing the existing plumbing, stairs, and even the elevator shafts to open the floors up more for residential use. “The only thing remaining in the building was the exterior, which had been landmarked,” developer Harry Macklowe told Bloomberg.

The building has now been wholly reimagined as a 566-unit luxury condo with 100,000 square feet of amenities, including a tricked-out coworking space, a 75-foot glass-enclosed indoor pool, and a private dining room by AD100 2023 Hall of Fame designer Deborah Berke. New street-level retail includes a Whole Foods and a sprawling Life Time Fitness Resort. (The building’s iconic Red Room will soon play host to French department store Printemps.)

On Thursday, Macklowe and AD PRO Directory listee FrenchCalifornia unveiled One Wall Street’s latest model unit: Residence 3404, part of the

Lethbridge commercial real estate market bump expected in 2023: Report – Lethbridge

23/02/2023dansa

The makeup of Lethbridge’s downtown business community is constantly shifting.

“We see businesses go, but we also see a lot of new businesses come in,” said Sarah Amies, executive director of the Downtown Lethbridge Business Revitalization Zone (BRZ.)

“Folks relocate from other areas and come in to the downtown because they enjoy the vibe down here.”

There could soon be some new movement across the city.

An Avison Young report shows the local commercial real estate market is in a “holding pattern,” but that’s expected to change.

With new developments ongoing or close to completion, Avison Young’s managing director of its Lethbridge office, Doug Mereska, is optimistic.

Southern Alberta businesses dealing with inflation, possible recession entering 2023

New Statistics Show High Rental Demand for 2023

11/02/2023dansa

The number of people currently inquiring about homes to rent has increased by roughly 23% since last year, while a recent Zoopla report highlights that rental inquiries per estate agency branch are 46% above the 5-year average.

On the other hand, the current stock of homes for rent is 38% below the average of the past five years and 4% below what it was in November 2021, highlighting the supply gap that the UK currently faces.

In many cases, this has resulted in lets being agreed upon before viewings have even taken place and instances in which potential tenants are forced to outbid each other in order to secure a place to live. Inevitably, these trends have caused a sustained increase in rental growth across the UK which peaked at 12.3% in July of last year.

The continued demand and supply imbalance, as well as an increase in rental value growth, is fueled partly by a reluctance of first-time buyers to enter the market, which stems from a number of factors including the ongoing cost of living crisis and fluctuating mortgage rates.

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