Sunday, March 6, 2016

Online College Degree on Real Estate

For some instances, there are some individuals who want to acquire a college degree but just fail to have it as they don't have time and enough finances to go out for school anymore. These goes through several reasons particular to financial matters. When you go to school, you don't just consider about tuition fees. You also need to think about transportation expenses and rent expenses in case you are just renting a boarding house. Now, to give an ease to these problems, online programs are made available so that interested individuals could gain Bachelors Degree at their comfort.

One of the most selected courses is the Online College Degree Real Estate program that aims to provide a specialized study on Real-Estate. This program allows students understand terms and essential knowledge about the Real-Estate industry. It focuses mainly on basic appraisals, property management, mortgages and brokerage. The program also covers information and understanding on related fields such as financing and marketing. Students taking this program will be equipped with trainings and activities particular to cash flow analysis, commercial speculations, financial feasibility, real estate development and marketing as well as cost and income evaluation.

Now, what are the advantages of acquiring an Online College Degree Real Estate program? Technically, a completion of this program opens new and big opportunities on your professional career. Gaining license and certificates on this program could make you accountable on several firms such as real estate businesses, commercial banks, life insurance companies, loans and savings establishments, mortgage companies and government sectors. The knowledge and ideas learned from this program will be applicable and very helpful especially if you are planning to have an individual real estate business with you yourself as the self-reliant broker. The United States Bureau of Labor and Statistics has made an evaluation and has figured a 9% to 17% employment increase on the real estate field which is believed to go through 2014 and further. With the increasing demands of real estate brokers over the world, there will be much of opportunities for you on the career market. This is also one of the good reasons why a lot of individual get interested in acquiring this program.

There are a lot on universities, colleges and educational institutions that offers this type of online program. Popularity of a certain institution doesn't really matter. The most important thing to consider is the standards and quality of education that an institution or an online program offers to students.

Monday, February 17, 2014

1000 Continental KOP office building trades for $63M

by Natalie Kostelni Staff writer for Philadelphia Business Journal
A King of Prussia, Pa., office building has traded for $63 million.
KBS Realty Advisors bought 1000 Continental Drive, a 205,424-square-foot building from Equus Capital Partners Ltd. of Philadelphia. The building was 99 percent occupied at the time of the sale.
The LEED silver building was constructed on speculation in 2008 by Equus development affiliate, BPG Development Co. Tenants include Hartford Insurance, Nationwide, FT Services, Sedgwick Services, Farmers Insurance, UNUM and Guinan Financial Group.

Sunday, February 16, 2014

Greiner Packaging Int'l Inks 114,000-SF Lease

Greiner Packaging International has pre-leased 113,871 square feet at 225 Enterprise Way in Pittston Township, PA. 

The Austrian firm will house its US headquarters here starting in April 2014, creating as many as 128 full-time jobs over the next three years and investing $17 million in manufacturing and equipment at the facility where it plans to package cups, lids, and other items for the food industry. The deal was made possible thanks to funding and grants from the Department of Community and Economic Development, Pennsylvania First Program, Job Creation Tax Credits, and Gov. Tom Corbett's Governor Action Team. 

The 223,000-square-foot industrial warehouse is currently under construction on 24.3 acres in the I-81 Corridor Industrial submarket of Philadelphia's Luzerne County. When completed in March, the warehouse will feature 29 loading docks and a drive-in, 33-foot clear heights, and 800-amp heavy power.

Philadelphia's Retail Deliveries, Construction and Inventory

During the fourth quarter 2013, 15 retail buildings totaling 252,369 square feet were completed in the Philadelphia retail market. 

Over the past four quarters, a total of 1,008,403 square feet of retail space has been built in Philadelphia. In addition to the current quarter, 17 buildings with 436,926 square feet were completed in third quarter 2013. 

There were 282,479 square feet of retail space under construction at the end of the fourth quarter 2013. 

Some of the notable 2013 deliveries include: Wegmans, a 125,000-square-foot facility that delivered in fourth quarter 2013 and is now 100% occupied, and 3450 Fox St, a 124,900-square-foot building that delivered in third quarter 2013 and is now 90% occupied. 

Total retail inventory in the Philadelphia market area amounted to 490,015,456 square feet in 39,257 buildings and 2,552 centers as of the end of the fourth quarter 2013. 

This trend is compared to U.S. National Retail deliveries and construction, which saw 563 buildings totaling 10.42 million square feet complete construction, with an additional 46.5 million square feet of retail space still under construction at the end of the fourth quarter. A 747,500-square-foot retail facility delivered in the fourth quarter at 75 W. Rte 59 in the Northern New Jersey market, and a 628,000-square-foot building delivered in the Phoenix market back in the third quarter. Total retail inventory in the U.S. market totaled 12.4 billion square feet in more than 1.05 million buildings at the end of the fourth quarter 2013, including almost 97,000 shopping centers

Great American Pub to open in iconic Phoenixville building

The family that owns the Great American Pub has put the Columbia House in Phoenixville, Pa., under agreement with an eye toward bringing the popular eatery to the Chester County borough.
The Hemchers anticipate closing on the Victorian building at 148 Bridge St. in a month and has plans to spend roughly $500,000 to renovate the structure on the inside and out.
The 13,555-square-foot property, a landmark in Phoenixville, was put up for sale last year as part of a Chapter 11 bankruptcy proceeding filed by an entity that owned it. The property was initially listed for $1.8 million and then lowered to $1.6 million. The asking price was dropped to $1.4 million and the Hemchers are reportedly paying close to that amount.
This will be the fourth Great American Pub for the Hemchers. Other locations of the popular dining spot include West Chester, Pa., Wayne, Pa., and Conshohocken, Pa.
“It’s going to be magnificent,” Tom Hemcher said.
Plans call for restoring a decorative bar, installing new flooring and booths, putting up new stucco on the exterior among other interior and exterior improvements.
“It just needs a good cleaning,” Hemcher said.
The family had looked in Phoenixville 15 years ago but couldn’t find a property that worked for them. Someone recently mentioned to Hemcher that the Columbia House was on the market and he reached out to West, who had the listing. She told him the property was already under agreement. Then, three weeks ago, West called to tell him that the original deal had fallen through. The Hemchers seized on the opportunity.
“We all fell in love with it,” Hemcher said about the building. “It’s going to be the talk of the town.”
The location was also appealing because of the “good vibe” that Phoenixville has, he said.
“The town is really up and coming,” he said. “There’s a lot of energy there.”
Hemcher expects what will be called the Great American Pub and Hotel to open by summer. (It's not set to be a hotel, it's just borrowing the name from the building's past use.)

Wednesday, February 12, 2014

Troutbrook Development Co Purchases Hampton Inn Allentown

Yamunaji Corporation sold the Hampton Inn Allentown at 7471 Keebler Way in Allentown, PA to Troutbrook Development Company for $9.3 million, or $75,000 per room. 

The 56,280-square-foot hotel consists of 124 rooms and was built in 1988. The buyer is expected to invest millions to renovate the property.

Linden Court Apts Sell for $5.6M

M & M Management has acquired the Linden Court Apartments at 9181 Academy Dr. in Philadelphia, PA from private investors for $5.6 million, or $70,000 per unit. 

The 80-unit, 85,000-square-foot multifamily building was constructed in 1962 on 1.4 acres in the Torresdale submarket of Philadelphia County. The unit mix is comprised of 32 studios, 32 one-bedroom and 16 two-bedroom apartments that are fully occupied.