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PR Newswire NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Bluerock Value Exchange ("BVEX") announced today the sellout of its latest 1031 exchange program , BR Big Creek, DST, a Class A, 372-unit, apartment community ("the property") located in Alpharetta, Georgia. The securities offering was fully subscribed for more than $35 million in capital. Completed in 2016, Big Creek is a class A apartment community in the affluent, high growth, mixed-use neighborhood of Alpharetta in Atlanta, GA. In keeping with the value creation strategy of BVEX, the property offers steady cash flow with upside potential in rents. "Bluerock Value Exchange concentrates solely on acquiring high-quality, Class A 1031 replacement properties with potential to deliver attractive current cash flow and grow investor capital . There's significant need, particularly among independent broker dealers , for high- caliber replacement properties from established sponsors with proven performance...

TOLLING THE TYCOONS — Albanese calls for 'politically popular' pied-à-terre tax, by POLITICO New York’s Conor Skelding : Foreign "oligarchs" who own real estate in New York but don't live in the city should have to pay two or three times what they pay now in property taxes, Democratic mayoral candidate Sal Albanese said Wednesday. The "politically popular" new tax's revenue, which Albanese said would amount to billions, could then be put toward the development of affordable housing . "Look, there's a lot of money across the world that people want to outsource," he said during a news conference outside the gates of City Hall. "There's a lot of money there, and we can use that to build real affordable housing ." Mayor Bill de Blasio promised years ago to "take a look" at a pied-à-terre tax, but the proposal is opposed by many of the city's real estate interests . "They own Bill de Blasio , big real estat...

Volvo’s surprise announcement that it will phase out the internal combustion engine by 2019 should be a wake-up call across industries that disruptive technology is already impacting short- term business planning . Anticipating how the economy and human behavior will be reshaped in the years ahead is an important exercise that should inform business leaders’ decisions and help position their businesses to more readily adapt to the future.        Commercial real estate is not disconnected from the challenges and opportunities posed by technology. Quite the opposite; it will be at the epicenter as outside forces impact how people live, commute, work and interact. As commercial real estate leaders , we should be mindful of how the developments we’re building now will be used in 10 or 15 years, when today’s emerging technology has become tomorrow’s ubiquitous convenience. Here are four technologies and trends that could shape commercial real estate in the not-too-distant future. Autonom...

In the final days of last summer, Drake and Rihanna made waves when they hunkered down for some R&R in what TMZ called “an oceanfront villa fit for honeymoonin’.” While that relationship didn’t last long (and Drake is now linked to Young Money label mate Nicki Minaj ), the press had a lasting effect on the other stunner in that story: the $ 29 million Malibu love nest where they stayed. “When news broke of Drake and Rihanna vacationing at one of my listings in Malibu, interest shot up,” said The Agency’s Angel Kou in an email, noting that the property rents for $5,000 per day. “People like to experience what A-listers experience, to get a glimpse of that glitz and glam.” beach front villa that Drake and Rihanna stayed in September 2016." src="http://mansion-global-app.s3.amazonaws.com/article-images/2017/08/image_l_031.jpg" /> An interior view of the beach front villa that Drake and Rihanna stayed in September 2016. Courtesy of The Agency The same desire to ...

Taslema Sultana walks around the grounds of one of the hotels in Cannon Beach that she now manages. Sultana recently took over management of four hotels in the area as well as other real estate properties ." /> Colin Murphey/The Daily Astorian Taslema Sultana walks around the grounds of one of the hotels in Cannon Beach that she now manages. Sultana recently took over management of four hotels in the area as well as other real estate properties . Buy this photo Taslema Sultana works the desk at the office of just one of the hotels she manages in Cannon Beach. Sultana, who used to be an engineer at Intel, and her husband manage several hotels in Cannon Beach and Seaside in addition to other real estate properties ." /> Colin Murphey/The Daily Astorian Taslema Sultana works the desk at the office of just one of the hotels she manages in Cannon Beach. Sultana, who used to be an engineer at Intel, and her husband manage several hotels in Cannon Beach and Seasid...

BRADENTON -- A Chicago company has paid $39.25 million for a set of 336 apartments that have only been off the market for four years. The Inland Real Estate Group 's purchase of the Sawgrass Cove Apartments on Jan. 28 is the fourth major multifamily transaction in the Bradenton area since mid December. Like several of those previous sales, the Sawgrass deal gave a short-term owner a quick gain on its investment. The seller in the transaction, Sawgrass Cove Apartments LLC of North Miami, bought the 24-year-old complex in 2011 for $23 million. Situated on about 28 acres at 4945 49th Avenue W., the complex is grouped in with several other apartment properties south of Cortez Road W. One neighboring property, the Palm Cove Apartments , sold for $31.6 million in early January. In that case, the buyer purchased 298 out of a total of 348 units in the complex, which was converted to condominiums several years ago. Other major recent apartment transactions include the $43 million sal...

If you’re a regular reader of DCK Investor Edge , you know that investors who own data center REIT shares have seen better rewards year-to-date compared to more traditional commercial real estate asset classes like office, retail, apartments, net-lease, and healthcare. Data centers sit squarely at the intersection of real estate and technology, providing space, power, and access to networks and cloud service providers that attract coveted enterprise customers . When it comes to the various REIT sub-sectors, data centers sit squarely at the top, while the broader real estate sector is treading water, down 0.6 percent. Data centers as a sub-sector are chalking up another year of outperformance, following similar gains in 2016. Source: Seeking Alpha – Hoya Capital Real Estate Aug. 18, 2017 Many investors rely on mutual funds and ETFs which own a broad basket of all the REITs. However, this can lead to being overweight on large- cap mall REITs , sho...

Aug 22, 2017 Most of the stars on HGTV — a network so popular it beat CNN's ratings during an election year — lean toward a look that, well, blends in. Crown jewel Joanna Gaines of Fixer Upper is often seen in denim, plaid and baseball caps to match the Waco, Texas, scenery. Love It or List It 's Hilary Farr is almost always wearing jeans and a plain, bright sweater or blouse. Karen Laine and daughter Mina Starsiak of HGTV's new show Good Bones also favor simple plaids and neutrals. Christina El Moussa from Flip or Flop , HGTV's second most popular show after Fixer Upper , will sometimes wear a conservative blouse or drapey sweater on-camera, but she'll also pair them with ripped jeans or visit demolition day in form- fitting yoga pants . She's hardly ever without a blowout and brown smokey eyeshadow . She stands out and gets noticed — but with that must come a thick skin. Advertisement - Continue Reading Below Advertisement - Continue Reading Below Int...