Our 5 predictions on how this impacts work and life
Commercial Real Estate Experts elaborate on how market forces and the perpetuation of the pandemic have propelled this economic phenomenon
Published at Multi-Housing News
Graceada Partners has purchased Westlake Apartments, a 148-unit apartment community in the Pocket neighborhood of Sacramento, Calif. According to Yardi Matrix, The Lily Co. sold the property for $23.5 million. The acquisition was financed with a $17.5 million loan from California Bank of Commerce.
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Published at IREI
Modesto, Calif.-based Graceada Partners has acquired two assets in Sacramento in separate deals. The firm acquired a two-story office building, located at 2101 Arena Blvd. It is 100 percent occupied by the State of California Department of Business Oversight as its headquarters. The property was purchased for $155 per square foot, while comparable fully leased properties are selling in excess of $180 per square foot and replacement cost is over $300 per square foot.
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Published at Sacramento Business Journal
Escrow closed this week for Modesto-based Graceada on 2101 Arena Blvd., a two-story, 79,920-square-foot office building in Sacramento's North Natomas area. Based on a $155-per-square-foot purchase price, the sale price was about $12.4 million.
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Work is different during the pandemic for millions of people — and it may very well stay that way for months to come. Commercial real estate firm Graceada Partners just released a comprehensive report on the future of office space for the coming years. The report indicates there is a steady exodus from large cities to less populated ones, particularly noting Chicago, New York City, and San Francisco. Ultimately, Graceada Partners unveils five predictions for the future of office work:
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Published at Commercial Property Executive
Just like the whole world, the real estate market is going through difficult times due to the COVID-19 pandemic. While many investors think twice before deciding where to put money during a recession, some of them would say that a downturn is perhaps the most fruitful time to invest. The main questions are: “Should you wait for a recession to invest? Is there such thing as recession-proof real estate investing?”
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Published at Forbes
Months after the onset of Covid-19, we continue to see its impact on a global scale. While world leaders and business communities work hard to reinvigorate economies, experts predict we’ll feel the effects of this disruption for years to come. The scope and suddenness of this crisis are urging investors to ask key questions about portfolio composition: How resilient is my portfolio? How have my allocations withstood market volatility? Have I diversified my options to the fullest extent?
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