The partners acquired the asset in an off-market transaction. The acquisition is an investment from Graceada Partners Fund II and Osso Multifamily I.
The multifamily property, The Edge at Lakewood, was constructed in 1985 and underwent partial renovations between 2019 and 2020. Graceada Partners and Osso Capital intend to implement continued renovations on the property’s clubhouse and fitness facility. The partners will additionally add a pet park and sustainable features.
Read MoreModesto, CALIFORNIA – April, 2021 — Graceada Partners and Osso Capital are pleased to announce the acquisition of The Edge at Lakewood on 1401 Lakewood Ave in Modesto, California. The 196-unit apartment community is located a few miles outside of downtown Modesto and within walking distance of Lakewood Elementary School.
Read MorePublished at research world.com
The immediate future of work in North America, where our research firm, Bazis, has an office (specifically Chicago) is more predictable. Many professionals continue to work remotely or maintain some kind of hybrid approach. This trend may continue into the foreseeable future. According to Upwork, a freelancer platform in the U.S., nearly 42% of the American workforce continues to work remotely and not all will return to an office.
Read MoreLast year was an economic depressor. The hardships of Covid-19 lockdowns and restrictions set us back considerably and changed our perspective on everyday events. However, there was a fascinating silver lining. Last year propelled us further along the trajectory that we were already headed.
Read MorePublished at Loopnet.com
Landlords and property management companies interested in attracting eco-conscious tenants and reducing their company's carbon footprint should consider electric vehicle chargers and solar power upgrades. The features have the added benefit of increased revenue and tenant retention for buildings across all sectors.
Read MorePublished at GlobeSt
Downtown high rises will decline in value by 10 to 15% as companies drive increased demand for office space in more dispersed secondary markets, according to a new report by Graceada Partners.
Read MorePublished at Recruiter
Through mass layoffs, furloughs, and work-from-home orders, COVID-19 changed everything we knew about working in the city. For the first time, employees no longer need to live within commuting distance of their offices, companies no longer need to lease massive office buildings, and primary cities no longer have the numbers they used to.
Read MoreAs the place where millions of people work remains flexible — a consequence of advanced technology accelerated by a global pandemic — there’s a sizable shift in the nature of work, its location and employment implications. Commercial real estate firm Graceada Partners identifies this trend, defines it, and explains the sweeping impact it will have on real estate, employers and cities in its new “Rise of the Outpost Economy” report.
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