Madison to seek replacement property for homeless men’s shelter ‘with all due haste’ | Local Government

Earlier Tuesday, the mayor and Dane County Executive Joe Parisi held a press conference announcing the project, which aims to provide an overnight shelter that could accommodate laundry services and a kitchen.

Josh Wescott, chief of staff to Parisi, said in a statement Wednesday that the city and county have demonstrated a “clear financial and moral commitment” to this project.  

“The partnership that’s come together to create a new night shelter is unprecedented,” Wescott said in a statement. “City and county staff are already mapping next steps to identify potential community partners.”

The city would provide $3 million with Dane County contributing another $3 million, which Executive Joe Parisi included in his 2021 Capital Budget proposal. The property at 4111 East Towne Boulevard would cost $1.3 million.

“Together we have laid out a $6 million dollar commitment to this project, and we are focused on moving it forward as expeditiously

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PE investment in commercial real estate shimmers, good news for government

The agency in its latest research report – ‘Investments in Real Estate – Trends in PE Investments – Q3 2020’ said that equity investments worth $2,308 million was via 11 deals during the year (Jan-Sept’20). The office segment attracted $1,871 million with an 81 percent share. This was followed by warehousing at 10% and residential at 9%.

Here is a snapshot of the investment:

Real Estate Asset Class

PE Investments in debt and equity ($ mn)

Number of Private Equity Deals

 

2019

YTD 2019

YTD2020

2019

YTD 2019

YTD 2020

Office

3,259

2,725

1,871

18

14

4

Retail

922

397

0

6

3

0

Warehousing

1,894

1,537

221

7

6

4

Residential

717

659

216

18

15

3

Grand Total

6,792

5,318

2,308

49

38

11

Knight Frank’s report suggests that PSUs keen on raising capital may adopt the REIT approach. Shishir Baijal, CMD at Knight Frank adds, “The first

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