Brand Atlantic Real Estate Partners

July 4, 2024, 10:20 pm

Owned by Brand Atlantic Real Estate Partners in partnership with Wheelock Street Capital, this unique three-story building was originally constructed in 1936 and is registered as a national historic landmark. 9 million sale of Popeyes and Dollar General, a 10, 000-square foot retail property located in Folcroft, PA, according to Sean Beuche, Philadelphia regional manager and Pennsylvania broker of record. Spina O'Rourke + Partners is the executive architect and interior designer for the project. Currently, Related is in the process of finishing 360 Rosemary, its new office tower. I don't know if you should buy a house. Two of which are Clematis Street district historic properties. This is a key, uncomfortable point: Home values, which purportedly built the middle class, are predicated not on sweat equity or hard work but on luck. Patrick Fejér, Principal, B+H. Although higher-income Americans may be able to weather job losses or other financial emergencies without selling their home, many other people don't have that option. The financing also provides funding for the vertical construction of 300 Banyan, a 12-story tower with 115, 000 rentable square feet of office space, 6, 000 rentable square feet of food and beverage space and roughly 300 parking spaces. Throughout the project's design development, engagement with the local community and investment in public space was top priority. F: Investor Level: Board of Advisor. Recover your password.

Brand Atlantic Real Estate Partners Partners

No one expects their TV or their car to be a store of value, let alone to appreciate. Marcus & Millichap announced today the sale of a net leased Starbucks property and a net leased Shake Shack property located at 7979-7999 East Arapahoe Road, Greenwood Village, Colorado. Riskier areas tend to be more affordable areas because the people who can pay to live elsewhere will do so. Midtown Court Associates Sells 60-Unit Apartment Building in Palo Alto for... March 9, 2023. Oakland Industrial Market Set for Active Year Head, Suggests CBRE's Q4... March 2, 2023. Brand Atlantic recently announced development plans to construct two mixed-use buildings on the sites. We couldn't think of a better address for office tenants considering Class A space in West Palm Beach. During the pandemic, this difference made the rich even richer, as the stock market outperformed the housing market. Dance: Wheelock Street Capital, a Greenwich and Boston-based real estate private equity firm, is our joint venture partner on the project. Bachelor of Science (Business Finance; International Finance). If we want to make housing affordable for everyone, then it needs to be cheap and widely available.

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301 Clematis Street and 300 Banyan Blvd. The government should encourage and aid low-wealth households to save through diversified index funds as it eliminates the tax benefits that pull people into homeownership regardless of the consequences. Adam Demark and Managing Partner Andrew Dance started the firm in 2021 and recently launched a new project in West Palm Beach on Clematis Street, in the heart of the city's entertainment district. Dance also stated that said, "[Brand Atlantic] see[s] this development as that truly rare opportunity to deliver the best buildings at the best location, and the opportunity and responsibility to help shape the next chapter of Clematis Street as one of the great walkable streets in America. Marcus & Millichap Arranges the Sale of a 24-Unit Mixed-Use Building in Columbus, Ohio. Are also Florida Bar Board-Certified Real Estate attorneys with the expertise and experience you need to protect your interests during your Palm Beach real estate matter. What type of development opportunities are builders and investors eyeing at the moment, given West Palm Beach's growing population and limited real estate supply? Most importantly, the office floors feature floor-to-ceiling glass with water views and over 15, 000 square feet of private office terraces so that our tenants can take their meetings outdoors. Pre-leasing efforts for both phases will commence this fall. The second phase will involve constructing a twelve-story, 100, 000 square foot Class A office tower at 300 Banyan Blvd. No credit card required.

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The Boston Fed estimated that from January to October 2020, as mortgage rates plummeted, 12 percent of white, 14 percent of Asian, and 9 percent of Hispanic borrowers refinanced their homes—whereas only 6 percent of Black borrowers did, likely because of risk factors such as lower credit scores. 300 Banyan is the second phase of Brand Atlantic's two-phase, mixed-use commercial development, with 111 Olive already under construction and delivering at the end of 2022.

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What type of tenants are you targeting and why? And on the flip side, when the housing market is doing well, Black households tend to benefit less than white ones. Any rights in individual contents of the database are licensed under the Database Contents License: Please confirm your credit card information to continue using BLDUP. Relying on a Single Asset Isn't Smart.

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Marcus & Millichap Brokers Delaware County Retail Center for Nearly $4 Million. Completion of 300 Banyan is slated for early 2024. Tag: Atlantic Creek Real Estate Partners. In June, two Clematis Street district properties reportedly sold for $20 million.

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These were clearly forecasted issues by the third quarter of 2021, so we made the decision to pivot from our traditional design-bid-build process at that time to a design-build process by awarding bids to subcontractors six months earlier than typical. Although these factors, of course, affect price, they explain only about half of the differential between Black and white neighborhoods. B3, GAW Capital Partners Pay $57MM for 42-Acre Bayfair Center Mall... July 8, 2022. As such, people would move between homes as their circumstances necessitate.

"Buying low and selling high" when the asset we are talking about is where you live is pretty absurd advice. Marcus & Millichap Arranges the Sale of Net Leased Starbucks & Shake Shack in Greenwood Village, Colorado. USAA Real Estate and Square Mile Capital Announce New Corporate Brand... It's thought that Related's substantial investment in the city has attracted other real estate development companies into the area. "It will check a lot of boxes for tenants looking to attract and retain the best talent: a beautiful building, water views, incredible amenities, and a 'Main & Main' location in the Clematis Waterfront with all the great restaurants and shops. Located at the critical corner of Clematis Street and North Olive Avenue in downtown West Palm Beach, the adaptive reuse of the historic John Volk-designed building will include 27, 000 square feet of boutique office space, featuring 14-foot floor to ceiling heights and original Florida-Dade Pine finishes, and 15, 000 square feet of elevated food- and beverage-focused retail space. This activity raises the question: Is Clematis Street West Palm Beach's next real estate investment location? In his book Know Your Price, Perry explains that majority-Black neighborhoods have higher crime rates, longer commute times, and fewer good public amenities (such as high-scoring schools) and private ones (such as highly rated restaurants). The rest, Perry attributes to racism. We are targeting a tenant base that includes hedge fund and investment managers, investment banks, venture capital funds, fintech companies, and family offices. Marcus & Millichap announced today the $3. Instead of immediately paying capital gains on the sale of a property (the "down leg"), many investors prefer to defer that payment by purchasing a new property (the "up leg") with the proceeds. A single-minded pro-homeownership agenda can lead policy makers to ignore massive potential costs. Speaking in averages masks the heterogeneity of the homeownership experience.

Policy makers in favor of pushing more people into homeownership often note that housing wealth is regularly used for socially desirable ends, such as starting a business, retiring, or helping finance higher education. In May, the company purchased CityPlace Tower for $175 million, and in June, it bought half ownership interests in West Palm Beach's Esperanté Corporate Center. This latter point is particularly important. Rich people tend to be homeowners and have an outsize voice in politics because they are more likely to vote, donate, and engage in the political process.

Renting is for the young or financially irresponsible—or so they say. LendingTree similarly found that home improvement was the top reason for homeowners applying for home-equity loans or lines of credit. Our construction budget would be 10-20 percent higher if we went out for bids today, so we are pleased with the outcome. It is a promise to your children that you can pay for college or a wedding or that you can help them one day join you in the vaunted halls of the ownership society. West Palm Beach's Clematis Street district is known for its historic properties and entertainment features such as live music, bars, restaurants, shopping, art galleries, and nightclubs.