Progressive Companies’ Post

𝗣𝗼𝘄𝗲𝗿𝗟𝗔 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: Rossano De Cotiis, President at Onni Group of Companies Rossano De Cotiis runs the Vancouver-based development firm his father created while it carves new sections of Los Angeles’ skyline and adds what seems like a countless amount of multifamily units. Surely, Onni Group is one of L.A.’s busiest real estate developers. But it has perhaps the fullest pipeline of housing and office projects that are either under construction or in the entitlement process. The portfolio is so packed with new development that we have to limit this to just some of the projects the firm initiated or advanced this year. Read the entire profile: https://lnkd.in/e-kEGepe #CommercialRealEstate #LARealEstate #COPowerLA

Each year we recognize the most impactful commercial real estate deals, projects and dealmakers for our Best Real Estate Deals awards program. See how the judges ranked these 30 projects and which was crowned Project of the Year. #philadelphia #greaterphiladelphia #commercialrealestate #realestate #bestrealestatedeals

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 [email protected] 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

Congratulations to Mr. Spieker, a respectful “god father” in the Bay Area local community of Multifamily investors. Though I never got a chance to talk to Mr. Spieker personally, I got chances to compete with him on some small deals, e.g., I offered 3.45M for a 9-plex and lost the final round against his offer at 3.5M. It makes me happy, because I got the chance to calibrate my underwriting model with a respectful investor who has 50-year experience in this “game”, and I know my underwriting model probably won’t let me overpay for a deal in this market. I still don’t get why Mr. Spieker still compete with others in small deals, maybe investorment is his hobby, and he likes to pursue great deals no matter the size. Following his transactions, I can further calibrate my underwriting model and make offers for other deals wisely. For example, I was offered the off-market opportunity to buy a small portion of the portfolio below, so I know the financial performance of these properties, and the final transaction shows a 9.78 GRM, which indicates that this is a great deal given the location, condition and potential of these properties. That gives me confidence of getting great deals at Mr. Spieker’s standard (actually, I have got two deals done in H1 at similar go-in GRM yet less ideal locations). Also, it is good to see he has purchased around $100M deals in the last 15 months in Pennisula and South Bay, where I focus my investment. It boosts my confidence to keep investing in these locations. updated (07/16): from multiple info sources, the transaction price was $76M ($53.6M in cash and $22.4M assumable loan), which makes this deal more reasonable, leading to $378k/unit, 13.87 go-in GRM.

Hey LinkedIn fam! Big news to share.

A look at the commercial real estate market in the San Francisco Bay this month. Here are the November 2023 market trends for multifamily, office, industrial, and retail. Get a deeper look at the market report here: bit.ly/3uH4Udq #sanfrancisco #bayarea #commercialrealestate #cre #realestate #marketreport

Gross Waddell ICR Announces Landmark Sale of 1 Dean Street, Moonee Ponds We are thrilled to announce the successful sale of 1 Dean Street, Moonee Ponds, marking the largest Melbourne Metro office sale of 2024 YTD. This record-breaking deal was expertly negotiated by our Sales Director, Raff De Luise, and marketed in collaboration with Cushman & Wakefield. This acquisition marks a significant milestone, setting a precedent that has generated substantial interest among investors and ignited a wave of new investment mandates. Raff stated, “The buyer's unconditional purchase without a due diligence period reinforces the strong demand and promising outlook for the Melbourne commercial property market. This strategic acquisition not only represents a steady income stream but also provides ample time for planning future value-add opportunities. The continuing favourable exchange rates and confidence in land rich assets on the fringes of major cities are driving the deployment of Asian capital into Australia.” Read the full article: https://lnkd.in/gKuffmiA Raff De Luise Michael Gross Andrew Waddell Danny Clark Mark Coster Andrew Greenway Alex Ham Raoul Salter OAM Julian Materia Tony Aarons Glenn Ye 叶格林 Barry Novy OAM #GrossWaddellICR #RealEstate #Melbourne #CommercialProperty #Investment #MooneePonds #RecordSale #PropertyMarket #PropertyInvestment #OfficeSpace #AsianInvestment #LandRichAssets #StrategicAcquisition #InvestmentOpportunity #MelbourneMetro

Family office purchases landmark Melbourne property - Cushman & Wakefield & Gross Waddell ICR Melbourne Metro commercial property, 1 Dean Street, Moonee Ponds sold by Cushman & Wakefield’s Daniel Wolman, Oliver Hay, Leon Ma, and negotiated by Gross Waddell ICR’s Raff De Luise. This acquisition marks a significant milestone, setting a precedent that has generated substantial interest among investors and ignited a wave of new investment mandates. The sale, managed through a highly competitive off-market Invite Only Expressions of Interest process, saw several groups vying for this exceptional property. Ultimately, the High Net Wealth family's decisive and unconditional purchase underscored their confidence in the asset, which attracted significant attention due to its strategic location and potential for future development. Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC said: "1 Dean Street stands out as one of the few large commercial assets in Melbourne’s Northern precinct, offering sustained cash flow and strong future value-add potential. The considerable interest from numerous groups highlights the robust investor appetite for similar assets, indicating a positive trend for future capital deployment in Melbourne” Read more on COMMO - https://lnkd.in/gKuffmiA Cushman & Wakefield Daniel Wolman Oliver Hay Leon Ma Gross Waddell ICR Raff De Luise Anthony Kirwan Ariel Lu Brittany Delahoy Cameron Zamora George Davies Hamish Burgess Joe Kairouz Josh Andrade Marcus Neill Raphael Favas Andrew Greenway Alex Ham Michael Gross Barry Novy OAM Marney Post Charter Hall Robert Seymour Sean McMahon Fiona Denison #melbre #melbourne #cushmanandwakefield #grosswaddellicr #commercialinvestment #development #landmarkinvestment #landmarksold #melbournerealestate #office #officebuilding #charterhall

A look at the commercial real estate market in the San Francisco Area this month. Here are the December 2023 market trends for multifamily, office, industrial, and retail. Get a deeper look at the market report here: bit.ly/48iw09x #sanfrancisco #bayarea #commercialrealestate #cre #realestate #marketreport

A look at the commercial real estate market in the South Bay for November 2023. Here are the market trends for multifamily, office, industrial, and retail. Get a deeper look at the market report here: bit.ly/3TaMSdK #southbay #sanjose #bayarea #commercialrealestate #cre #realestate #marketreport