Robert Costomiris’ Post

Let's go Atlanta! Ownership Matters 🏡 “It’s clear that the real estate industry is entering a new era of thinking, building and operating. The emergence of hybrid-work models, the strength of the retail sector and the growth of Sun Belt markets underscore the new reality on the ground, specifically in our top cities — Nashville, Phoenix, Dallas/Fort Worth, Atlanta and Austin,” Anita Kramer, senior vice president of ULI’s Center for Real Estate Economics and Capital Markets, said in a press release accompanying the report. #KeeAndWill #YourFavoriteRealtors #Atlanta #RealEstate #Growth 🌱

⚡ ⚡As CREW New York Programs Chair, I just got off a speaker's prep call with Sam Chandan and Annemarie Germano DiCola and am even more excited for our upcoming CREW New York luncheon, "Navigating the Headwinds to the Economy and Commercial Real Estate," on February 6, 2024. ⚡⚡ Sam and Annemarie will be covering five critical topics on how we adapt and navigate the changes in a new economy: ✔ Mortgage Maturities - Especially Office: Delving into the looming deadlines and their implications for the office sector. ✔Interest Rates: Understanding the current trends and forecasting their impact on real estate. ✔Lending Activity: Analyzing the shifts in lending patterns and what they mean for investors and developers. ✔New Dynamics in Multifamily & Retail: Exploring the evolving landscapes of multifamily housing and retail spaces. ✔Finding Opportunity in the Change: Identifying and leveraging opportunities in this shifting economic environment. This luncheon will explore these critical issues, offering valuable perspectives for navigating today's complex real estate market. Take advantage of this opportunity to gain from our distinguished speakers' expertise and network with fellow industry professionals. Date: February 6, 2024 Time: 11:30 AM to 1:00 PM Location: Club 101, 101 Park Avenue @ 39th Street Register now to secure your spot: https://bit.ly/3SAa7Nx I am looking forward to seeing you there and diving into these discussions together! Trepp, Inc. NYU Stern School of Business CREW Network #CREWNY #RealEstate #EconomicInsights #NetworkingEvent #CommercialRealEstate #cre

How We Found Success: Replicating Redwood Living's Model with a Kroger Twist Learn how we developed Hearth Home Communities by combining Redwood Living's unique product model with Kroger's exceptional real estate strategies. Discover our secrets to success in this insightful video. #RealEstateSuccess #HearthHomeCommunities #RedwoodLivingModel #KrogerRealEstate #CommunityDevelopment #PropertyInvestment #RealEstateStrategies #SuccessTips #PropertyDevelopment #GrowthOpportunities

March Madness continues! Check out the exterior of our second home in Cleveland, Ohio, part of our two home and lot deal. This property is perfect for those looking to invest in real estate. Don't miss out on this great opportunity. #investmentopportunity #cleveland #ohio #investing101 #investinginrealestate

🥇 It was a hard fought, 3-month battle for our team on this one but we're happy to say that our friend and client finally came out victorious on this awesome Humboldt Park 4 flat! This building literally overlooks the beautiful Chicago park and was just waiting for the right owner to come along and breathe some new life into it. 🏢 Our client was able to secure this property for well below appraised value as there were a ton of twists and turns (and several rounds of tough negotiations) that ultimately got us to the finish line. We landed just about $200k below the original asking price and now he will walk away with a beauty of a Greystone in one of the best locations in Chicago. Our sister company BCG Real Estate Group will now take the helm, supplying top-tier building management services and overseeing work required to get this back into fighting shape. 🏆 There are too many crazy stories to highlight on FB, but I'll probably write an entire blog post about this once my brain recovers (or ask us about them at one of the future Chicago Veterans Real Estate Group meetups). A HUGE thank you is due to our team, including Thomas Storino on the lending side and John B. of Diaz Anselmo & Associates P.A. repping us from the attorney side, for getting us to the goal line. Big props to the listing agent too who helped us navigate a myriad of issues throughout the process and remained patient until the very end. This one feels good! 👀 Eyeing a multifamily investment opportunity in Chicago? We can help make it a reality - just call! ☎️ 224-505-4072 📩 [email protected] 🌎 https://lnkd.in/gKPBw3PZ #doraziorealestate #dorazioteam #fitzgeraldrealestate #chicagorealestate #multifamily #multifamilyinvesting #investmentproperty #investorfriendly #humboldtpark #humboldtparkchicago #humboldtparkrealestate #veteranrealtor #MultifamilyRealEstate #propertymanagement #ChicagoPropertyManagement #chicago4flat #closingday #justclosed #chicagolandrealestate #chicagorealtor

Is your real estate game up to date, Boston professionals? Let's reflect for a moment. With recent attempts to limit short-term rentals in Nantucket, even the largest organizations like J Pepper Frazier Company are reconsidering their strategies. They have listed 10 of their rental properties for more homeowner visibility which marks a significant turn in the industry. It’s not just about buying and selling, but profound knowledge of market dynamics. Think about it, how is your current strategy addressing similar game-changing shifts? It's high time we stopped reacting and started anticipating. Let's reconsider our real estate strategies and identify gaps. For enhanced insights and solutions, feel free to touch bases with real estate expert, Joe Turco. Get ready for a deep dive into the exciting arena of Boston’s real estate ecosystem and set your gears for disruptive markets. #BostonRealEstate #BostonRealtor #digitalmarketing Boston, we are ready for the thrill ride, are you? #Boston #TurcoGroup #MovemetoBoston

With the announcement of Audacy's decision to sell its prime Boston real estate, it's clear the way businesses view their physical properties is shifting dramatically. Transformation is the keyword here, whether it's into a logistics center or high-rise residential units. This move signals a strategic shift in response to our digital age, and it brings to light an often-overlooked challenge - the space we occupy and how it aligns with our business goals. Does your company's real estate mirror the advancement in your sector? Are you utilizing the space optimally, or is there untapped potential sitting right in your backyard? It's time to reflect on your real estate strategies. Might the sale of a property serve your operations better as digitization reshapes our industries? Or perhaps a transformation of your existing space will enable you to cater to the new demands of your sector. Cutting-edge companies like Audacy are capitalizing on the changing landscape, rethinking traditional notions, and harnessing real estate's potential. You might want to do the same. We at Turco Group are here to guide you through this critical thought process. We bring expertise in navigating the array of possibilities in Boston's vibrant real estate market. Let's connect and discover what the future of your real estate could look like. #BostonRealEstate #Boston #BostonRealtor #TurcoGroup #eXpRealty #BostonCondo #BostonHome #MovemetoBoston

Jordan Elliott, Principal and President of NAI Elliott, shares his observations with Bisnow on the shifting landscape in the Portland metro area. He notes that new investments are flowing out from downtown and into the suburbs, and this trend undoubtedly has pros and cons. Read the full article here: https://ow.ly/4o9a50PS4XS More insights on the Portland area can be found here as well: https://lnkd.in/gKh_wnzw #realestatetrends #commercialrealestate #downtownareas #REInvestors #CRE #retail #suburbangrowth #DowntownPortland #Reinvestment #REInvestmentTrends #PortlandOR #NAIElliott #Bisnow #NAIGlobal

There is a lot of momentum building in Detroit and the surrounding metro area. It’s true what they say: 💥 Detroit Hustles Harder 💥 Here are just a few of the things that have occurred in the last few weeks: 🔥 Moody’s updated Detroit’s credit rating from junk to #InvestmentGrade in a rare double upgrade with positive outlook. 🔥 The Hudson Site, a former black eye of downtown Detroit is nearing the completion of construction of the freshly named #HudsonTower which will be the second tallest building in Michigan. 🔥 GM announced it is moving it’s World Headquarters from the Renaissance Center to Hudson Tower. 🔥 Detroit announces $1 BILLION have been invested in #AffordableHousing over the last 5 years. 🔥 The University of Michigan buys the blighted former Kmart Headquarters in Troy to expand the footprint of their healthcare system 🔥 The City of Sterling Heights voted to fund the consolidation of the Lakeside #DeadMall in order to enable a massive $1 BILLION mixed-use PUD development When I started my career in 2012, we were just exiting the Great Recession. Michigan was ground zero for the near collapse of the automotive industry, which decimated the commercial real estate market. Local and Regional developers and tenants started becoming more active, but the City of Detroit and in many cases the entire state of Michigan were blacklisted by many. Fast forward to today and it couldn’t be further from the opposite. Billions upon Billions of dollars are being invested. National Developers and Tenants are expanding their footprints. Former blighted sites are now the home (or soon to be home) to some of the most high-profile developments. Anything good takes time and hard work. As you can see, the entire metro-Detroit community has been very hard at work over the last Decade + to make this a reality. And this is only the start… #Detroit #DetroitHustlesHarder #MertroDetroit #HudsonSite #Investment #RealEstate #CommercialRealEstate

What makes Columbus Ohio and the surrounding region the hottest real estate market in 2024? I have five good reasons why. 1. Room to grow: Columbus Ohio and its metro has space to grow in all directions as it is not confined by borders like Detroit, Chicago, and New York. 2. Ease to do Business: Columbus has become a major business center for a lot of businesses. In recent years multiple companies have either moved HQs to Columbus, built regional offices, or invested heavily into doing business in Columbus. 3. Affordability: While it is true prices have increased because of inflation, time and time again Columbus has been ranked in the top for affordability of homes. 4. Education: Columbus is home to multiple educational institutes and has become a place for leadership development. Ohio State, Capital, Otterbein, and more offer programs that can help give newcomers the right education. 5. Culture: Columbus has become a major cultural center. The city boasts a lot of areas where people showcase their culture. Columbus is home to major districts like the Arena District and the Short North as well as the many community events the city and region hosts every year. Interested in finding your home here in Columbus Ohio, or want to expand your business, contact me at [email protected] or 614-928-6892. #columbusohio #columbus #ohio #realestate #realestateohio #movingtocolumbus #ohiostate #coldwellbanker