Wells and Co.’s Post

Building (houses, commercial and industrial buildings) is a business. Builders and developers will only choose to build something if there is an opportunity for a commercial return (profit margin, tenancy or capital growth). In this instance (as with most of the other vacant sites across the central city) reflect the lack of commercial opportunity in Christchurch, or at least particularly in this location. There are signs of an increase in demand for commercial space in the central city...especially key sites...but outside of Oxford Tec, Hereford St, Colombo St, Lichfield St, there are few opportunities. There is increasing talk of new hotels being developed...which is welcome (although will have an inverse impact on Airbnb properties)...but I doubt that there is any significant demand for more retail or office space in the wider CBD at this time. Earnest Duval is a smart operator, and if he sees an opportunity, then he will rebuild, for sure.

Property Investors... There is a real opportunity here with this one, subject to planning permissions. Drop me a message and I'll let you know my thoughts

Waterways Activation ++ [economic planning concepts] Cities can benefit economically from active waterways and waterfronts in several ways. Waterfront areas can attract tourists, residents, and businesses, leading to increased economic activity. Developments along waterways can create opportunities for recreational activities, dining, shopping, and entertainment, which can boost local businesses and generate revenue for the city. Additionally, waterfront properties tend to have higher real estate values, which can contribute to increased tax revenue for the city. learn more at https://lnkd.in/ew5nPra2

TEN-X Auction Begins Today | DOUBLETREE GAINESVILLE -The Gross Revenue is $7,029,637 and NOI $1,965,744 for the Trailing Twelve Months of March 2024. -In 2017, the property achieved more than $7,500,000 in room revenue and $2,600,000 in NOI displaying the asset’s considerable untapped operational potential. -University of Florida has been ranked the No. 1 public university in the country in the Wall Street Journal’s “2024 Best Colleges in the U.S.”. -The property has been trending positively in the past three years in revenue and net operating income growth. The RevPAR was $84.69 in 2023 and has yet to stabilize to 2017 levels at $100.35. -The Property is one of the most accessible and visible hotels in the Gainesville market. The strategic location just off Interstate 75 and proximate to many of Gainesville’s biggest demand drivers allows the Property to cater to a diverse mix of travelers. Suraj.Dalal@kabanihotelgroup.com Ahmed.Kabani@kabanihotelgroup.com #thekabanihotelgroup #florida #hospitality https://lnkd.in/emAvR2Rs

Whether they're commercial or housing structures, over time, most older structures within in-demand markets get redeveloped - top to bottom. Why? Demand, user preferences and the availability of modern amenities are just a few factors for the trend - it never stops. #realestate #newconstruction https://lnkd.in/gfpjGRQp

Elevate your tenant's lifestyle with our curated list of local highlights! Discover the top schools, restaurants, and activities near your rental property that make it an ideal place to live. To continue reading article, click here: https://lnkd.in/gZcqxgvG #lasvegasliving #rentalpropertyperks #lasvegaspropertymanagement

JV of Leyad and Capstone Purchases Hell's Kitchen Hotel for $275K Per Key Read the full article below..

Get into it #BeerOps Sydney! 🍻 Have a great time networking with your peers and see you in a few weeks Melbourne! Starting conversations can be challenging so here are a few questions to break the ice ❄️ General Topic Starters 👉 "What's been the highlight of your [day/week/month] so far?" (Positive, invites a story and topics they are passionate about) 👉 "What brought you to this event tonight?" (Simple, direct, and gets them talking about their goals) 👉"I'm really interested in [mention something relevant to the event/industry]. What about you?" (Shows your interest and invites them to share) Deeper & More Specific 👤 "What are you most passionate about in your work right now?" (Uncovers their drive and interests) 👤 "What's the most exciting project you're working on at the moment?" (Encourages them to share accomplishments) 👤 "What's the biggest challenge you're facing in your work/industry these days?" (Opens the door for problem-solving and potential collaboration) Bonus Tips: ⭐️ Actively listen to their response and ask thoughtful follow-up questions. This shows genuine interest and helps you build a connection. Remember: ⭐️ Be approachable and smile! Body language matters. ⭐️ Focus on the other person. People love to talk about themselves. ⭐️ Exchange contact information and follow up afterward - Scan that LI Barcode! I hope these help you make some valuable connections! PS Don't forget strangers are just friends you haven't met yet. 👊🏼 #networking #techmeetups #sydneytech #beerops #meetanewfriend

Very wise and clever. Both are complimentary markets with universal synergies between PBI and Hamptons. Historic hotels/Inns are often money pits and justified nightmares for owners. However if property, location are right and community is a known commodity. The additional cost of entry often has its upside. #Iconicproperties #Synergies #Compliementary #Operationalcolidations #coastalretreats #FollowtheWealth #Hospitality #Spendmoregetmore

What To Look For When Buying A House? 1. Price 2. Location 3.House size 4. Amenities