L’Officiel USA – April 27, 2021

Posted on Apr 30, 2021 in News & Events
L’Officiel USA – April 27, 2021

L’Officiel recently unveiled their new stunning cover featuring Oscar nominated Andra Day. The nine shot feature and cover, includes stunning photographs taken throughout Villa Carlotta, by Alexi Lubomirski. To see the stunning images and read the beautiful story, please visit here.    

Multi-Housing News – Does Multifamily Benefit from the $2T Federal Infrastructure Plan?

Posted on Apr 14, 2021 in News & Events
Multi-Housing News – Does Multifamily Benefit from the $2T Federal Infrastructure Plan?

Multi-Housing News recently worked on a piece regarding President Biden’s wide-ranging proposals and their potential impact on the industry. The piece included commentary from Andre Soroudi, Director of Acquisitions/Development of CGI+. Regarding Biden’s earlier proposal to take away the 1031 exchange, Andre says, “Transaction volume would drop. It would really alter the industry. “We work […]

Globe St. Names CGI+ Founder and CEO, Gidi Cohen, One of the Best Bosses in 2021

Posted on Apr 14, 2021 in News & Events
Globe St. Names CGI+ Founder and CEO, Gidi Cohen, One of the Best Bosses in 2021

Globe St. released their list of Best Bosses for 2021. Included in the list is CGI+ Founder and CEO, Gidi Cohen. They said, “Gidi Cohen has built a reputation as an innovator in residential development. Responding to millennial demand, he creates luxury, fully furnished, move-in ready apartments equipped with technology and hotel-style amenities, including concierge […]

One Question with: Jeff Adler

Posted on Apr 14, 2021 in HomePage, News & Events
One Question with: Jeff Adler

How have renter preferences changed since the start of the pandemic and what type of amenities should landlords provide to attract and retain tenants? Jeff Adler, Yardi matrix The biggest changes in renter preferences since the pandemic hit revolve around the dramatic shift in the expectations of where “work” occurs for careers that have traditionally […]

Investors Showing Increased Appetite for Risk

Posted on Apr 14, 2021 in HomePage, News & Events
Investors Showing Increased Appetite for Risk

As investors look harder for yield, they’re getting more aggressive. A record number 30 percent of commercial real estate investors are seeking opportunistic and distressed assets in 2021, according to CBRE’s Americas Investor Intentions Survey 2021. In 2020, only 16% set such aggressive targets. Investor sentiment began to improve in the second half of 2020, […]

Strong 1Q Rent Growth Portends Multifamily Revival

Posted on Apr 14, 2021 in HomePage, News & Events
Strong 1Q Rent Growth Portends Multifamily Revival

by Paul Fiorilla, Yardi matrix First-quarter U.S. multifamily rent growth was surprisingly robust, with a sudden resurgence in luxury properties and in high-cost coastal markets, a sign that demand is on the rebound. The strong early-year performance comes amid optimism about the economic recovery over the balance of the year. Consensus economic forecasts foresee 6-7% […]

CGI+ Named One of Globe St.’s Best Places to Work

Posted on Apr 9, 2021 in News & Events
CGI+ Named One of Globe St.’s Best Places to Work

Globe St. recently released their list of Best Places to Work for 2021, and we are honored to be included. They said, “Founder of the development and investment management company, CGI Real Estate Investment Strategies, Gidi Cohen cultivates the entrepreneurial spirit from which the company was established in 2013. Acknowledging that the office is where […]

One Question with: Gadi Kaufmann

Posted on Mar 15, 2021 in HomePage, News & Events
One Question with: Gadi Kaufmann

As we begin to emerge from the Pandemic, what if anything over the past 12 months has surprised you as it relates to how the real estate markets have performed/responded? “Like everyone, the Covid-19 pandemic caught us by surprise.  At the onset we were quite concerned about the drastic shutdown of the global economy imposed […]

Construction Costs Unpredictable in the Year Ahead

Posted on Mar 15, 2021 in HomePage, News & Events
Construction Costs Unpredictable in the Year Ahead

Last year was a challenging year for everyone. But it was genuinely volatile for apartment developers. Nationwide shutdowns in the Spring brought some apartment projects to a halt. Then lumber prices skyrocketed. Over five months in 2020, the Producer Price Index (PPI) for softwood lumber doubled, jumping 90.9%, according to the National Association of Home […]

Multifamily Demand Surprisingly Strong in 2020

Posted on Mar 15, 2021 in HomePage, News & Events
Multifamily Demand Surprisingly Strong in 2020

Demand for multifamily took a hit in the early stages of the COVID-19 pandemic but – thanks to a strong bounce back in the second half of 2020 — absorption for the full year was robust overall. All told, 252,000 apartment units, or 1.7% of total stock, were absorbed in the U.S. in 2020, according […]