Latest news with #realestateinvestment
Yahoo
a day ago
- Business
- Yahoo
Blackstone's $583M Paris Power Play Could Reignite Europe's Office Market Boom
Blackstone (NYSE:BX) is going big. The firm is lining up a 500 million ($583 million) loanthe largest of its kind since rates spiked in 2022to back its 705 million purchase of the Trocadero office complex in central Paris. It's a bold test of whether Europe's commercial real estate market is truly back in business. The loan, arranged by CBRE, would mark a turning point for a sector that had largely been frozen out of big-ticket transactions after interest rates shattered valuations and remote work cast a long shadow over office demand. Warning! GuruFocus has detected 4 Warning Signs with BX. But things may be shifting. Prime office rents in the Greater Paris region have jumped 14% in the past year to 1,170 per square meter. Leasing activity is also heating up in Frankfurt, where office take-up reached a record 366,000 square meters in the first half of 2025, according to BNP Paribas Real Estate. With supply tight and demand for top-tier space holding firm, institutional buyers are stepping back in. Blackstone beat out stiff competition for the Trocadero asset, and now others are following suit. Invesco is prepping a 1 billion sale of Capital 8 in Paris, while GIC and JPMorgan's asset arm are marketing Frankfurt's Opernturm for 900 million. This could be the start of something bigger. For nearly two years, the market has been stuck in a stalemate: sellers anchored to pre-rate-hike pricing, buyers waiting for capitulation. But now? Lenders are engaging again. Trophy buildings are trading hands. And with investors betting on long-term rent growth in gateway cities, deals like this one could be the spark that re-ignites Europe's commercial real estate engine. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
03-07-2025
- Business
- Yahoo
Pacolet Milliken Announces Promotion of Brent Abbott to Head of Real Estate
GREENVILLE, S.C., July 3, 2025 /PRNewswire/ -- Pacolet Milliken is pleased to announce the promotion of Brent Abbott to Head of Real Estate. Mr. Abbott has been with Pacolet Milliken since 2015. He previously served as EVP and Head of Investments for Pacolet's Real Estate Division where he was responsible for leading a variety of real estate investment and capital markets transactions, including asset acquisitions, joint ventures, structured financial transactions, and asset financings. During his tenure at Pacolet, Mr. Abbott has led real estate transactions representing over $400 million of equity invested. Prior to joining Pacolet Milliken, Mr. Abbott held capital markets and investments roles at Forest City Ratner and The Richman Group. In his new role, Mr. Abbott will be responsible for guiding strategy and execution for Pacolet's national portfolio of real estate investments, with a primary focus on the multifamily, industrial, and self-storage product types. Mr. Abbott will continue to manage key relationships within Pacolet's network of real estate and financial partners. ABOUT PACOLET MILLIKEN Pacolet Milliken, LLC is a leader in the institutional management of private investment capital. Headquartered in Greenville, SC., Pacolet is a family-owned investment firm that owns and manages a diverse set of power & infrastructure and real estate assets located across the United States. Pacolet Power & Infrastructure Division owns a diverse set of power, renewables and infrastructure assets, including a regulated electric utility (Lockhart Power), an industrial utilities company (Bushy Park) and a substantial solar, landfill gas and waste-to-energy portfolio. Pacolet Real Estate Division has a national portfolio of industrial, multi-family, office, and retail properties, and currently focuses on multi-family and industrial warehouse development in the Southeast, the Southwest and Southern California. In both Divisions, Pacolet seeks to positively impact the communities in which it operates and to be a steward of the environment from a generational perspective. View original content to download multimedia: SOURCE Pacolet Milliken LLC Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
30-06-2025
- Business
- Associated Press
The Bouzy Group Announces Westin-Branded Residences Near Panama City, Offering New Investment Opportunities in Coastal Real Estate
PANAMA CITY, PANAMA, June 30, 2025 (GLOBE NEWSWIRE) -- The Bouzy Group has announced the upcoming launch of The Residences by Westin, Playa Bonita, a new coastal development located just 15 minutes from Panama City. Developed in partnership with Empresas Bern, the project introduces 448 fully serviced residences situated between the Pacific Ocean and the tropical jungle of Playa Bonita. This marks the first time a Westin-branded beachfront condo-hotel has entered the Panamanian market, offering a combination of hotel-grade amenities and private ownership. The residences are designed for both full-time living and income-generating rental opportunities, catering to the increasing demand for short- and long-term stays in Panama. Residential Investment Starting at $400,000 USD With starting prices at $400,000 USD, the development presents a relatively accessible entry point for luxury real estate within a globally recognized hospitality brand. Each residence includes access to a range of amenities aligned with Westin's hospitality standards, such as: On-site property management will be provided, allowing for hands-off ownership and consistent rental oversight for buyers focused on return on investment. Location and Market Outlook Positioned within Palma Bonita, a growing private coastal enclave, the project benefits from new infrastructure developments and proximity to the Panama Canal. The area's popularity among digital nomads, retirees, and corporate travelers is contributing to increasing rental activity and capital appreciation. The combination of brand recognition, dollarized currency, and strategic location is drawing interest from investors seeking real estate assets with long-term value stability. For floor plans, availability, or to schedule a private tour, contact [email protected] or visit their website at About The Bouzy Group The Bouzy Group is a real estate consulting and development firm specializing in luxury and hospitality-driven projects across Latin America and the Caribbean. Known for curating high-value investment opportunities backed by strategic partnerships, The Bouzy Group connects international buyers with emerging real estate markets. With a focus on transparency, service, and long-term value, the firm provides guidance across every stage of the real estate journey from acquisition to ownership and beyond. Reggie Bouzy The Bouzy Group [email protected]
Yahoo
27-06-2025
- Business
- Yahoo
Atlanta homeowner says he spent $200K on building a house for resale — and then the city knocked a hole in it
An Atlanta property owner says he found part of his home demolished and alleges city workers were responsible, causing extensive damage just as he was planning additional work before he put the property on the market. WSB-TV 2 Atlanta reported that Ronaldo Norman and his brother, who co-own a real estate investment company, had spent about $200,000 building a home in Southwest Atlanta. But when Norman arrived at the site in May, he says he found a large hole in the side of the house and bulldozers on the property. "I saw demo bulldozers and a big hole in the side of the property," Norman said to Channel 2 investigative reporter Ashli Lincoln. According to Norman, the damage was caused by city workers — but so far, Atlanta officials haven't publicly commented on the incident. Here's what Norman says happened, and what legal options property owners may have in similar situations. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Norman says he arrived at the site to find demolition equipment and a gaping hole in one of the walls. "Just think about it, come pulling up to your property, and you see a big hole in the wall, and no one can give me an explanation as to why," Norman complained. Norman alleges city workers took action because they thought his permit had expired. "May 22, the day after they expired, they came out here and put a hole in my property," Norman told reporters. He maintains the property was still in compliance, claiming he had filed for and received a six-month permit extension before the incident. Whether a home is under renovation or fully built, city governments must follow a legal process before demolishing a structure. Generally, a property owner would receive notice along with time to rectify any issues. Norman says he never received any such notice. City official's only response, he claims, has been to advise him to seek legal counsel. "This right here is a major setback because now we may have foundation issues," Norman said. Read more: You don't have to be a millionaire to gain access to . In fact, you can get started with as little as $10 — here's how While rare, incidents like this show how important it is for property owners to protect their investments and to act quickly if something goes wrong. With no answers from Atlanta officials, the Normans may have to pursue legal action to recoup their losses. Here's what that process could look like — and what other homeowners should know if they ever find themselves in a similar situation. Consult a lawyer Because of a legal concept called sovereign immunity, suing a city can be complicated, but Georgia law does allow homeowners to file claims for damages, as long as they follow the right process. File a notice of claim This is a formal document notifying the city that you intend to pursue compensation. The time for doing so varies by State and Municipality and can be relatively short; your local lawyer should know this. Missing this deadline could prevent your case from moving forward. Collect all documentation This includes: Building permits and extension filings Photos or videos showing the damage Invoices and receipts for materials and labor Emails or letters from city agencies Any inspection reports or code violation notices (or proof that none were issued) Request records from the city Filing an Open Records Request may reveal internal miscommunications or mistaken permit data that triggered the demolition. Get a damage assessment A structural engineer or contractor can help assess whether foundational damage occurred and provide estimates to use in a claim. This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
Blackstone Buys Another $2 Billion in Discounted Commercial Real-Estate Loans
Blackstone is snapping up another $2 billion in commercial real-estate loans, extending the firm's spending spree on discounted debt in the troubled sector. The loans are performing and backed by apartment buildings and neighborhood retail. But Blackstone is buying the loans at a roughly 7% discount of their face value from Richmond, Va.-based Atlantic Union Bankshares because the loans were made before interest rates jumped, and have lost value.
