Resource Capital Markets Reports Rise in Retail Investments

A report that was recently conducted by Real Capital Markets states that retail investors are still in a buying mode. This is supported by the fact that retail investors are focused on obtaining assets that will meet the demand and need of today’s consumers, all the while producing desirable returns. The report is based on an interview that was conducted with a wide range of retail professionals. Real Capital Markets is owned by C-III Capital Partners, a world leader in real estate. Andrew L. Farkas is the CEO and Chairman of C-III Capital Partners, and is eager to see what this report will mean for the upcoming years.

According to the report, experiential retail is on the rise seen with a growth in e-commerce, Class A malls and grocery-anchored centers are still in high demand, 40% of investors see big box vacancy as their biggest threat and 59% of investors interested in investing in retail are considering other asset classes all the while focusing on multifamily.

The report also states the most preferred retail investment is anchored shopping centers, with 48% of investors saying that this type of retail is the most attractive when compared to strip centers. This percentage has increased from 2017, although online and digital grocery stores are on the rise. However, this won’t ever replace physical grocery stores, according to the report. In order to adapt to the rise in e-commerce, retailers are coming up with creative and innovative ways to utilize technology all the while keeping their stores.

With property across the nation and just having reached $2 trillion in transactions, Real Capital Markets is a leader in real estate for all real estate sectors.

Real Capital Markets Celebrates $2 Trillion in Transactions

Real Capital Markets (RCM), a leading global marketplace that specializes in commercial real estate investments, reached a milestone of $2 trillion transactions in investment property. This is a reflection of RCM’s hard work throughout the last 20 years, which has been under the guidance of Andrew L. Farkas. Andrew Farkas is the CEO of C-III Capital Partners, which is the parent company of RCM.

RCM reported that the most popular types of properties within the $2 trillion are office, multifamily and retail. The breakdown of each type is 25%, 22% and 18%, respectively. However, this data isn’t reflective of the recent increase in demand for industrial real estate.

Back when RCM was founded in 1999, office, multifamily and retail was in much higher demand than any other type of real estate. Due to an increase in e-commerce businesses, the focus has been more on industrial real estate. What this means for RCM and other similar companies is that this type of real estate poses the greatest prospect for this year.

The majority of RCM’s properties within the United States are located in the West and Southeast parts of the country. Specifically, 34% are in the Western region while 25% are in the Southeast. This is an indication that RCM is reaching its desired goal of brining property within these regions to the real estate market.

Two New Investors Join C-III Capital Partners in Series B

Altus Group Limited and QuadReal have recently joined C-III Capital Partners in investing in a project management platform especially for real estate owners. The platform, Honest Buildings, has raised $43 million up to this date and includes other well-known investors such as Brookfield Property Partners, DivcoWest Real Estate, The Durst Organization, Oxford Properties Group and Rudin Ventures. Andrew L. Farkas is the Chairman and CEO of C-III Capital Partners, a well-established commercial real estate services company.

Honest Buildings has recently brought its total raise to $25 million through an investment in Series B. The raise was brought upon due to the addition of Atlus Group and QuadReal. The former is a leading global provider of software, data and technology-enables expert services, while the latter is an independent organization that is focused on maintaining and expanding bcIMC’s portfolio,

Given the mission of both Atlus Group and QuadReal, the investments made by these two companies diversifies the current investors in Series B, which includes C-III Capital Partners. C-III prides itself in the fact that it owns and manages commercial and industrial real estate throughout the company. Its CEO, Andrew Farkas, is also the CEO of parent company Island Capital Group (ICG).

C-III is pleased to be one of the many investors of Honest Buildings, which is the only project management platform built for and backed by real estate owners. This new investment is a reflection of Honest Building’s reputation amongst real estate project management platforms.

Golfito Marina Village Added to IGY Marina’s Portfolio

Keller Williams Costa Rica and Golfito Village and Resort signed a partnership that will allow for the former to help Golfito with its increase in renovations. Part of the first round of renovations was the addition of Golfito Marina Village. The marina is owned by IGY Marinas, a reputable company founded and owned by Andrew Farkas.

Golfito Marina Village includes 255 condominiums, 40 villas, a 135-slip super yacht marina, a village with 35 stores, and is situated on more than 40 acres of land. Given the transformative development Golfito is experiencing, this makes this part of Costa Rica an idea place for IGY Marinas to expand.

The Marina itself also includes several high-class amenities. These include 24-hour security, tournament fishing facilities, private slips, fuel dock, and a private club that will be built in the upcoming years. What makes Golfito Marina Village so unique is that it is the only approved part of the West Coast on Central and South America where yachts can be dropped off and picked up. This means that it will, without a doubt, be an area of high traffic for both the Marina and Golfito as a whole.

IGY Marinas owns marinas around the world in countries such as Italy, Mexico, St. Maarten, Panama, and France. All of the marinas offer world-class features, like those found in Golfito Marina Village. Golfito is unique because amid new developments, it still retains its historic charm and luscious landscape.

NAI Charleston Acquires Historic Townhouse

NAI Global, a leading global commercial real estate and brokerage firm, recently acquired property in Charleston, South Carolina for $2.95 million. NAI Charleston is a franchise within NAI Global, which is owned by Andrew L. Farkas.

The property is located at 95 Broad St., and is known as the Major Peter Bocquet House. This townhouse is almost 250 years old and has just recently been renovated. Out of its four stories, floors one through three are 4,500 square feet and would ideally be used for office space. In addition to plenty of storage and many closets, this property boasts a 425 square foot area that could potentially be used for a storefront.

Situated on the east coast, Charleston is a very popular destination spot. 95 Broad St. is located in one of this city’s most renowned neighborhoods, and is in close proximity to the “Four Corners of Law.” This intersection is located at Broad and Meeting St., and is comprised of City Hall, Charleston County Courthouse, the Federal Courthouse, and St. Michael’s Church.

Although recently renovated, the property still retains many of its original features. These include fireplaces registered with the Federal Register of historic homes, a lime-washed exterior, a salon, and an original Georgian façade. This townhome is also an ideal spot for events as it can host between 50 and 80 people.

Due to its excellent location and many features, the purchase of 95 Broad St. makes this property an ideal addition to NAI Global’s diverse portfolio. NAI Global is a subsidiary of C-III Capital Partners, which is owned by CEO Andrew Farkas.

NAI Global Makes Top 5 in Lipsey’s 2018 Survey

NAI Global, a subsidiary owned by Andrew L. Farkas, was recently ranked number four in Lipsey’s Survey of Top 25 Commercial Real Estate Brands of 2018. This survey was led by 100,000 professionals in the commercial real estate world, proving that it was an extremely extensive and well thought out process. Andrew Farkas owns C-III Capital Partners, a fully-diversified asset management and commercial real estate services company that owns NAI Global.

C-III Capital Partners acquired NAI Global in 2011 and has since worked in conjunction with the company to obtain real estate across the country. As a company that offers a variety of services and solutions to its clientele around the world, it’s no surprise NAI Global was featured on Lipsey’s Survey of Top 25 Commercial Real Estate Brands.

The survey itself mentioned NAI Global’s strong regional and global presence in real estate. More specifically, it referred to the fact that this company has more than 7,000 local market professionals and over 400 offices in North America, Europe, Africa, Latin America, the Caribbean, and Asia Pacific.

In addition to this, the Lipsey report recognized Dorit Makovsky Fischer as a veteran when it comes to NAI Global. A member of the company since 2002, Dorit works closely with property in Denver, Colorado.

Golfito Marina Village Added to IGY Marina’s Portfolio

Keller Williams Costa Rica and Golfito Village and Resort signed a partnership that will allow for the former to help Golfito with its increase in renovations. Part of the first round of renovations was the addition of Golfito Marina Village. The marina is owned by IGY Marinas, a reputable company founded and owned by Andrew Farkas.

Golfito Marina Village includes 255 condominiums, 40 villas, a 135-slip super yacht marina, a village with 35 stores, and is situated on more than 40 acres of land. When looking for property to diversify IGY Marina’s portfolio, the company always ensures that it will be able to support such amenities. Given the transformative development Golfito is experiencing, this makes this part of Costa Rica an idea place for IGY Marinas to expand.

The Marina itself also includes several high-class amenities. These include 24-hour security, tournament fishing facilities, private slips, fuel dock, and a private club that will be built in the upcoming years. What makes Golfito Marina Village so unique is that it is the only approved part of the West Cost on Central and South America where yachts can be dropped off and picked up. This means that it will, without a doubt, be an area of high traffic for both the Marina and Golfito as a whole.

IGY Marinas owns marinas around the world in countries such as Italy, Mexico, St. Maarten, Panama, and France. All of the marinas offer world-class features, like those found in Golfito Marina Village. Golfito is unique because amid new developments, it still retains its historic charm and luscious landscape.

Resource Capital Corporation Reflects on Accomplishments

Andrew Farkas, Chairman of Resource Capital Corporation (RSO), recently participated in a conference call on Thursday, March 8, 2018. During this call, Andrew Farkas discussed RSO’s progress in executing a strategic plan to put RSO into a competitive progression. As a top leader in the real estate industry, Andrew Farkas is always looking for opportunities to help strengthen companies that he owns or that he’s Chairman of.

This conference call focused on RSO’s Q4 earnings during 2017. In addition to explaining RSO’s strategy in 2017, Farkas also discussed the strategy’s long-term affects: “2017 commercial real estate loan originated volume was up over 300% as compared to 2016 and CMBS investments by face amount were approximately $200 million greater than 2016. We expect these investments to make meaningful contributions to core earnings in 2018.”

Andrew Farkas also reflected on RSO’s first earning call and how the efforts of this company put forth in 2017 will begin to pay off in 2018, especially RSO’s core earnings. During this call, Andrew Farkas also made sure to congratulate management on its extraordinary work. He also made a point to state the performance of RSO continues to improve.

Not only is Andrew Farkas Chairman of RSO, but he also owns several companies that are very well-known in the real estate world. These companies include Island Capital Group, C-III Capital Partners, and IGY Marinas.

IGY Marinas Makes Second Purchase in Mediterranean

IGY Marinas announced that it has added Marina di Porto Cervo to its acquisition of ports. Marina di Porto Cervo is a marina that’s located in North Sardinia, Italy and provides berthing for yachts that are 160 meters long and contains 700 slips. IGY Marinas is owned by Andrew L. Farkas, a well-known professional in the real estate industry.

IGY Marinas made the decision to expand his company’s horizons by obtaining more property in Europe two years ago, specifically in the Mediterranean Sea. Since then, IGY Marinas has also acquired a port in Sète, France. This was IGY’s very first port that was purchased in the Mediterranean Sea, and is currently under development with the guidance of IGY.

The role IGY Marinas will play in supervising Marina di Porto Cervo is to help the port’s owner, Porto Cervo Marina S.R.L (PCM), with management and shipyard operations. The latter will consist of branding, customer service, and marketing, which are all scheduled to begin February 27, 2018.

As IGY Marina’s 19th establishment worldwide, Marina di Porto Cervo offers several amenities such as fine dining, resorts, shopping, and plenty of sight seeing. In addition to this, the port itself provides fueling services, vessel maintenance, and free WiFi. Sardinia is also a popular entertainment spot, as celebrities such as Black Eyed Peas, Ricky Martin, and John Newman. This makes Sardinia an ideal place for IGY Marinas to add property to its already diverse portfolio.

Midwest Investing in Real Estate Now More Than Ever

The future is looking optimistic for those who are planning to invest in commercial real estate in the Midwest. More specifically, a report conducted by Real Capital Markets, a global marketplace that is under the leadership of Andrew L. Farkas, stated that 36% of investors in the Midwest are more inclined to invest in industrial assets. This is slightly higher than the national average, which is 33%.

According to the report, multifamily real estate came in as a close second at 20%. However, multifamily homes are above the national average of commercial real estate at 35%. Some popular Midwest cities that investors are keeping their eyes on are Chicago, Indianapolis, Columbus, and Cincinnati.

Some additional key points to take away from Real Capital Markets’ Survey is the role that weather plays when looking for property as well as what a company plans to do with property after they acquire it. Investors tend to prefer either the southern part of the United States (37.7%) or the western region (31.8).

Well over half of investors, 60% to be exact, are interested in renovating or properties that they acquire. However, these types of properties are hard to come across. This had led investors to start investing in properties in new locations.

Real Capital Markets will continue to look for opportunities to invest in real estate in the Midwest, despite the challenges investors have faced when looking for properties to renovate. Some commercial properties Real Estate Markets currently own are Presidents Plaza in Chicago, Precedent Office Park in Indianapolis, and Governor’s Hill Portfolio in Cincinnati. Having a strong presence in these cities is important for its residents, as it increases resources available to them.

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