Promanco, Inc’s Post

Introducing a permit ready development opportunity of a modern multifamily apartment complex at 9055 Gerber Road, Sacramento. The project is set on a 9.39-acre site with 6.6 acres utilized for 132 units in Phase One under the RD-20 zoning regulations. When completed, this four-story development will feature 336 one-bedroom and two- bedroom units equipped with premium amenities, including elevators, bike storage, a yoga and spin studio, theater, and co-working spaces. The rooftop will offer social spaces with seating areas, dining options, and private cabanas, while the clubhouse will provide a fitness center, conference rooms, a convenience market, and leisure areas. Residents will also enjoy a resort-style pool, bocce and pickleball courts, BBQ spaces, and electric vehicle charging stations, all designed to promote community, comfort, and convenience. The property is located in an Opportunity Zone under the Tax Cuts and Jobs Act of 2017. This federal program allows investors to defer or eliminate taxes on money they’ve made from selling property. The project will transform a vacant, underutilized parcel into a vibrant, landscaped community, enhancing the local area with a thoughtful design featuring brick veneer, mixed siding, and two-toned stucco. It will meet RD-40 zoning requirements, capitalizing on the location’s potential with sustainable, all-electric units and assigned parking. The development will provide high-quality housing while promoting economic growth in Sacramento, making it a sought-after destination for residents and a valuable asset to the neighborhood. https://lnkd.in/gS62UV8u https://lnkd.in/gvFtY5zf #DRE00926188 #SteveCarpenterRealEstate #RealEstate #CaliforniaRealEstate #LyonRealEstate #windermererealestate #SacramentoRealEstate #JustListed #OneOfaKind #California-ForSale #USA-ForSale

Ready to elevate your portfolio? Presented by Richard Egitto, CCIM, The Offices at Victory Ridge, listed at $25,950,000, provides a unique opportunity for an Investor to own in the fast-growing submarket of Northeast Colorado Springs, CO.   The Offices at Victory Ridge is a two building class A trophy asset that completed in 2019. It is located just east of Interstate 25 at the southeast corner of InterQuest and Voyager Parkways. While leasing activity declined during the height of COVID-19, the property is now experiencing renewed office and retail interest. It is currently 33.8% leased to credit rated tenants.   Designed with expansive windows offering western mountain views, the property features rectangular floor plates, 10’ ceilings, ground floor retail with 18’ ceilings, third-and-fourth-floor balconies, first-floor patio spaces, and a wraparound top floor balcony with unobstructed mountain views.   Investment highlights include: ✳ Generous discount to replacement cost ✳ Located in a rapidly growing submarket with robust market fundamentals ✳ Proximate to a significant aerospace, corporate, and healthcare presence including Philips, Oracle, Lockheed Martin, Northrop Grumman, CommonSpirit, and UnitedHealthcare ✳ Part of the greater Victory Ridge development that includes abundant retail, residential, hospitality, a 15-screen Icon Cinema, and regional base of operations and distribution for In-N-Out Burger   🔗 Click the link below to sign a CA and view the offering materials: https://lnkd.in/eszU8jE7 #CapitalMarkets #CREInvestments #OfficeInvestment #CreditTenants #CommercialRealEstate #ColoradoCRE

Great to see vibrant activity in the Indy area; Esp at Castleton.The plan lays out recommendations for $169 million in added assessed value for the mall area; $96 million in the proposed Howland Greenway; and $150 million along the Nickel Plate. It estimates 336,000 square feet of repositioned or new retail space would be added, along with 458,000 square feet of office space, more than 600 hotel rooms, about 1,750 multifamily units and 34 acres of parking. The report suggests waterfront, boardwalk-type development along a stormwater pond south of 82nd Street, as well as a pedestrian arcade. Those features would be surrounded by such developments as covered parking, a hotel, and residential and retail space. It also imagines the former Sears store on the east side of Castleton Square Mall as an entertainment space, including a small stage and outdoor seating on a plaza. New offices, residential buildings and concealed parking structures are proposed for the far-eastern portion of the property, along with new internal streets. But all those changes would require buy-in from area developers and property owners, including local firms Simon Property Group, The Broadbent Co. and Sunbeam Development Corp., experts say.

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interesting article.

For Sale: 176-178 Court St, Plymouth, MA, 02360 – $1,895,000 – Email pat@ryanrealtygrp.com for additional details and showing requests. Investment opportunity in downtown Plymouth, MA. A mix of residential and commercial tenants offers diversified income streams with a balance of retail and residential spaces. Both the residential & commercial units have been well-maintained and offer modern finishes. The commercial spaces are suitable for retail or professional offices. Ample on-site parking with dedicated parking spaces for each unit. Close to iconic landmarks, parks, beaches, boutique shops, acclaimed restaurants, and major transportation routes. Large 24x24 detached garage with a bay and dedicated parking could be rented for additional income. The property has a strong rental history and a stable tenant base. Current rents are under market value. Long-term investment security with Plymouth's growing popularity and rich history. Whether you want to diversify your real estate portfolio or capitalize on the thriving local economy, this mixed-use property is poised to deliver value and lasting appeal. MLS #: 73230148 https://lnkd.in/e5Q4HDdQ

According to a Q3 2023 report by MSCI Inc., the office sector is currently facing the highest amount of #distress in the real estate market with $32.5 billion in distressed office assets, including both financially troubled and bank-owned assets. MSCI Inc. estimates potential distress in #office to be an additional $50.3 billion. Many office property owners are heading for the exits amid weaker demand and looming #debt maturities, while some, and very few, #opportunistic private #equity groups are beginning to capture what could be once-in-a-generation buying opportunities. One of those #privateequity opportunistic groups is the venture of The Bascom Group affiliate Harbor Associates, LLC, led by Joon Choi, Justin Loiacono, Paul Miszkowicz and Rich McEvoy, CCIM and F&F Capital Group, led by principals, Jeff Frieden and Robert Friedman. The venture recently acquired Westwood Terrace, a 164,700-square-foot five-story #distressed office building at 1640 South Sepulveda Boulevard in Westwood for $44.7 million or $271 per square foot — nearly 52% less than it traded for five years ago. Westwood Terrace was built in 1987 and located a block north of Santa Monica Boulevard. According to the The Real Deal, the seller was New York-based JPMorgan Chase & Co., which acquired the property in lieu of #foreclosure from a partnership that previously bought the building in 2018 for $92.5 million, or $562 per square foot. A $60 million loan from JPMorgan Chase & Co. was tied to the #property, for which the unidentified partnership failed to make payments or secure refinancing, resulting in the lender taking control of the #building. The building was 80 percent leased at the time of sale this month. 1640 Sepulveda had been repositioned in the market under the direction of top LA #architect, ShubinDonaldson . Spaces offer views of Century City, Beverly Hills and #Westwood. The Penthouse features a balcony on Sepulveda while all tenants enjoy the private patio to the north of the building with new decking, pergolas, and landscaping. Various suite sizes are available.  1640 Sepulveda is centrally located off the 405 Freeway and Santa Monica Boulevard, offering employees the opportunity to shorten their commutes. The Real Deal https://lnkd.in/g5q3EGWD #commercialrealestate #realestate #cre #realtor #realestateinvesting #commercial #commercialproperty #realestateinvestor #business #investment #propertymanagement #investmentproperty #construction #officespace #realestatebroker #broker #commercialrealestatebroker #investing #realestatelife

Just watched this case study play at #ControlsCon24 by Cochrane Supply & Engineering. #NiagaraCommunity accelerating innovation is a big theme here.

Do you think great staging would help you picture a property as your own? Stan Comer, ABR, GRI 317-281-7395 "Serving Central Indiana Since 1992" #brownsburgrealestate #hendrickscountyrealestate #indianarealestate

Finished Apartment Complex in San Diego