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In The News today: Jeff Finan of Hayes & Sherry completes long-term lease for 125,000 s/f at 10 Briggs Dr. East Greenwich, RI Hayes & Sherry represented the landlord, Leahey Briggs Associates, LLC. The leased space consists of 100,000 s/f of warehouse area and 25,000 s/f for office. The property is shared by top Rhode Island businesses with global reach and provides proximity to highways and Quonset Business Park. The lease was facilitated by Jeff Finan, a partner at Hayes & Sherry. “In this market, there is a very low vacancy rate for attractive, large spaces, and even fewer that checked off the boxes the tenant was looking for,” said Finan. “As a result, we were able to negotiate a strong rent structure for our client.” via: New England Real Estate Journal https://lnkd.in/d2HGZdcE #cre #commercialrealestate #RhodeIsland #rirealestate #providenceri #commercialbrokers #officespace #sior

Redco Development, along with partner GCI General Contractors, is set to acquire the iconic 300 California St. This move is part of a growing trend of local investments in downtown San Francisco's post-pandemic landscape. The building, previously valued at $58.25 million, will now change hands for about $28 million—a sign of the "reset" market values and a growing appetite among investors for discounted office properties. Read more about how this transaction compares to other recent deals in the area and what it signifies for the future of San Francisco's downtown. https://lnkd.in/dsXg3cDx #SanFranciscoRealEstate #CommercialRealEstate #InvestmentOpportunities #MarketTrends

A Buffett Protégé Makes an Offbeat Bet: Buy San Francisco Real Estate In a bold move echoing his mentor Warren Buffett's strategies, Ian Jacobs, a real estate heir and investor, is eyeing San Francisco's downtown for a major acquisition. Despite recent challenges, well-capitalized investors are finding opportunities as office space values hit rock bottom. Discounts of up to 70% are luring savvy investors like Jacobs into the market. Jacobs' ambitious "Project Uris" aims to snag a staggering 3 million square feet of office space, signaling a long-term bet on the city's resurgence. With a plan reminiscent of his family's real estate legacy, Jacobs is poised to make waves. With funding in place and a 10-year vision for recovery, Jacobs is betting on San Francisco, as other investors cautiously watch. Jay Greenberg 415-378-6755 jay@jayhgreenberg.com Source: https://lnkd.in/dURu6m7Z #InvestmentInsights #SanFranciscoRealEstate #SanFrancisco #SF #GoldenGateBridge #BayArea #California #CitybytheBay #SFBay #SanFran #realestate #california #sanfrancisco #californiarealtor #californiarealestate #bayarea #bayareahouse #sf #sfrealtor #sfrealestate #sanfranciscorealestate #sfproperty #movetosf #sanfranciscorealtor

The big Chicago commercial real estate stories to watch in 2024 https://lnkd.in/gFmkhFq8 via @crainschicago #CRE #chicago #commercialrealestate

Closed! End of a 10-deal 'No-Retrade' streak unfolded like this:  -Absorbed two 25 basis point rate increases during Due Diligence. -Reduced our fees due to the seller's unwillingness to cover certain recoveries, contrary to the previously agreed-upon Triple-Net (NNN) lease terms. -After a poor roof inspection, requested a $100k price reduction.

🏙️💰 Dive into Chicago's Commercial Real Estate Market 💰🏙️ A seismic shift in the Windy City's office space market! 🌬️ This 185k sq ft building just sold for $2.5M, a stark contrast to its $22.3M price tag back in 2013. At $14 per sq ft, it's a whopping ~90% discount from its previous value. 😱💼 Chicago's commercial real estate landscape is undergoing a significant transformation, with prices plummeting and uncertainty looming large. From a once daunting market to an outright apocalypse, the dynamics have shifted dramatically. 📉💼 Stay tuned as we navigate through the evolving trends and challenges in Chicago's commercial real estate sector. 🏙️📉 #ChicagoRealEstate #CommercialProperty #MarketTrends #mrei #mayfairrealestateinstitute 📊🏢

"Friedman Real Estate Acquires Downtown Detroit Towers" Read the full article below..

The most active markets. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance Respectable growth of over 8,000 units each is also occurring in City Center Philadelphia, downtown Miami/South Beach, Dallas’ Frisco neighborhood and Southwest Charlotte, NC. While these examples stand out, they are far from the only neighborhoods seeing new apartment construction. “Only about 13% of the 750+ submarkets across the nation’s 50 largest submarkets had no construction underway as of 3rd quarter, equating to about 100 submarkets,” the report noted. #SourcingAndSelling #SellingAndSourcing #Retwit ~ Contact Us for Commercial Investments, Financing and Insurance. Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialRealEstate #CommercialFinance #CommercialInsurance #CommercialTitleAndClosing #CommercialProp https://lnkd.in/eMw5e89i

Tampa Bay's Commercial Real Estate: Bucking the Trend! While the national market might be shifting, Tampa Bay's commercial real estate landscape is thriving! Here's why Tampa Bay is a prime location for your next investment: - Build-to-Rent: A staggering 156% growth since 2017 solidifies Tampa Bay as a leader in the Build-to-Rent market. - Industrial: High tenant demand is fueling development, with over 5.7 million square feet of new industrial space delivered in 2023 alone! - Office: While national office markets face challenges, Hillsborough County defies the trend with positive net absorption. Thinking of investing in commercial real estate? Tampa Bay offers exceptional growth opportunities! #NoorAudi #CREInvestment #MarketLeaders #StrategicInvestment

South Florida's commercial real estate market is primed for a comeback in 2024! While 2023 was described as a "throwaway year," there is anticipation for increased capital flow in 2024. Miami's office market remains resilient compared to national trends, with strong rent growth and office asset values expected to rise. Read more about South Florida's real estate market, and where we see it heading in Bisnow.