Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.
While the COVID-19 crisis continues to unfold, now is a good time to assess where we’re at currently and what’s next for CRE. The good news is that pre-pandemic, the US CRE market was robust - with low vacancies, high demand, and good interest rates. That will make...
Goldman Sachs has released a report detailing the economic impact of COVID-19. Here are the key points from the COVID-19 impact report: Across the board, US REITs are under performing due to slowing demand, decreased financing opportunities, and tenant distress. With...
With businesses closing down to stay in compliance with local and regional stay-at-home orders, there was widespread speculation that April rent payments for multifamily properties could be a serious problem. Nationally, there was a drop in payments, but after...
If you wait long enough, everything comes back into style. Plaid, corduroy, mom jeans, and even (no, please no), the mullet. One trend that we can really get behind, though, is mixed-use development. At a time when the world is at our virtual fingertips thanks to...
LOS ANGELES, Calif., April 21, 2020 – Local real estate investment and development firm CGI Strategies is donating to the nonprofit organization CORE (Community Organized Relief Effort). The nonprofit, founded by A-list actor Sean Penn, has provided disaster relief in...
The very nature of the word “investment” implies risk. Risk can cause potential investors to invest less or not at all - which is a loss for not just those receiving the investment but denies the potential investor the profits that could be. That’s why at CGI...
It’s not everyday we see a culmination of talent, ingenuity, passion and leadership - and rarely on a construction site. The technical genius of Mario Lopez, VP of Developments for CGI, and the design brilliance of Gidi Cohen, CGI’s CEO, have created exactly that....
Community matters. It’s vital for mental health, physical health, education, and productivity. Multifamily tenants are letting us know that social distancing has definitely made “community” a challenge. While we are strong proponents of doing what we can to “flatten...
CGI Strategies began lease up efforts this March after completing multi-million dollar renovations on our Celebration, FL – based property, Astoria at Celebration. Acquired by CGI in 2019, the property was originally developed in 2015 but suffered from construction...
CGI Strategies has secured a $47.8 million construction loan for the Fedora Street project, a 200 unit ground-up multifamily property located at 837 S. Fedora Street in Koreatown, as reported by The Real Deal and Multi-Housing News. The project is a mix of studio,...