Operations Archives

Despite the market mayhem in the recent quarters, the coronavirus pandemic has accelerated certain trends and created opportunities for growth of the Zacks Real Estate Operations industry. Further, the rising tendency of outsourcing of real estate needs by companies is opening up scopes, while technological investments are creating a competitive edge. Additionally, leasing and property sales volumes are likely to pick up amid hopes of a vaccine and as the uncertainty recedes, making FirstService Corporation (FSV), Redfin Corporation (RDFN) and eXp World Holdings, Inc. (EXPI) enriching industry picks.

However, growth of some of the constituent members of this industry might be challenging in the days to come amid the prevailing health crisis and the macroeconomic turbulence.

About the Industry

The Zacks Real Estate Operations industry comprises companies that provide leasing, property management, investment management, valuation, development services, facilities management, project management, transaction and consulting services, among others. Nonetheless, real

LAND FOR SALE

Meaty Property Opportunity On Offer As Former Abattoir Operations Plant Is Placed Up For Sale

2 months ago

[email protected]_84

Tuesday, 24 November 2020, 4:09 pm
Press Release: Bayleys Realty Group

The land and buildings previously operated as a major
regional abattoir by one of New Zealand’s biggest meat
processing firms have been placed on the market for
sale.

The property at
360 Ngati Maru Highway in Thames on the Coromandel Peninsula
was formerly operated by long-standing New Zealand giant
meat processing business Wilson Hellaby, which also runs
plants in Auckland and the Waikato.

Wilson Hellaby
began its butchery operations in New Zealand in 1873, and
has been operating the Ngati Maru Highway site as an
abattoir since the 1960s – processing beef, lamb and pork
as required during peak capacity seasons.

The site’s
extensive vehicle loading and unloading concreted yard,
covered stock handling pens, killing chain, refrigeration
and chiller units, and staff amenities were principally used
as a back-up butchery facility to provide additional
capacity

LAND FOR SALE

Albany legislators question land bank operations

2 months ago

[email protected]_84

ALBANY – County legislators are looking more closely at the Albany County Land Bank’s operations after complaints about property upkeep and transparency around its sale process.

During a recent legislative meeting, a discussion around an appointment to the land bank’s board drifted into a broader conversation about concerns legislators have surrounding the nonprofit.

Meanwhile, the land bank said it has faced overwhelming demand from real estate investors and speculators looking for good deals in distressed neighborhoods during the coronavirus pandemic, with the land bank averaging over 3,300 calls a month.

Several legislators said they had repeatedly heard complaints from constituents about the land bank and its operations, including a lack of responsiveness, concerns over the upkeep of land bank-owned properties and questions on how properties were awarded for sale.

The land bank was created in 2014 and is funded by the county and city, as well as state Attorney General’s

COMMERCIAL REAL ESTATE

eXp World Holdings Expands Real Estate Operations Into India

2 months ago

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BELLINGHAM, Wash., Nov. 17, 2020 (GLOBE NEWSWIRE) — eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced it has expanded its collaborative, cloud-based real estate brokerage model into India, under the eXp India banner. The addition of residential and commercial brokerage operations in India represents the fifth international expansion for the company, which is headquartered in the United States. In addition to its robust U.S. presence, eXp Realty also operates in Canada, the United Kingdom, Australia, and South Africa, with more than 38,000 agents across the globe.

eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with revenue share and equity ownership opportunities. The partnership model also offers proprietary marketing resources, including the company’s cloud-based virtual environment and customized technology

FLORIDA REAL ESTATE

Tampa airport suspends operations as Eta closes in on Florida: Latest

2 months ago

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Eta has weakened from a hurricane to a tropical storm as it closes in on Florida, where it’s expected to make landfall overnight.

a man walking down the street: A lifeguard walks to the end of the jetty after closing it down to surfers before the arrival of Huricane Eta in Bradenton Beach, Fla, Nov. 11, 2020.

© Steve Nesius/Reuters
A lifeguard walks to the end of the jetty after closing it down to surfers before the arrival of Huricane Eta in Bradenton Beach, Fla, Nov. 11, 2020.

A tropical storm warning is in effect along much of the western Florida peninsula, from Fort Myers to Tampa and up to Gainesville.

a man walking in the rain: A man leaves The Home Depot after buying extra water in preparation for Hurricane Eta, on Nov. 11, 2020 in Tampa, Fla.

© Martha Asencio Rhine/Tampa Bay Times via ZUMA Press
A man leaves The Home Depot after buying extra water in preparation for Hurricane Eta, on Nov. 11, 2020 in Tampa, Fla.

Heavy rain, storm surge and gusty winds are already slamming the Tampa area, where conditions are expected to worsen throughout the day.

Tampa International Airport suspended all operations at 3 p.m. Operations are expected to resume Thursday by noon.

Video: Tropical Storm

FOR SALE BY OWNER

Construction And Engineering Giant’s Regional Operations Premises Comes Up For Sale

3 months ago

[email protected]_84

Monday, 9 November 2020, 5:07 pm
Press Release: Bayleys Realty Group

The land and buildings
housing the Christchurch branch of a global construction and
infrastructure engineering services company have been placed
on the market for sale.

The substantial property at 79
and 79A Hayton Road in the Christchurch suburb of Wigram is
occupied by Rapid Metal Developments (RMD), and is one of
the company’s three New Zealand branches – with the
other two located in Auckland and Wellington.

Trading
since the 1950s, Rapid Metal Developments supplies formwork,
shoring and scaffold systems, and engineering solutions to
the global construction and infrastructure industries.
Outside of New Zealand, the RMD group of companies have
operations in more than 20 countries – including the USA,
Chile, South Africa, India, the UK, Spain, Saudi Arabia,
Hong Kong, Malaysia, Indonesia, Japan, the United Kingdom,
the Philippines, and the United Arab

CONTRACTOR

DOE getting closer to new contractor for WIPP operations oversight

3 months ago

[email protected]_84

The U.S. Department of Energy continued its search for a contractor to oversee operations at the DOE’s Carlsbad Field Office (CBFO) and management of the Waste Isolation Pilot Plant – an underground nuclear waste repository near Carlsbad.

A history of the Waste Isolation Pilot Plant

UP NEXT

The CBFO released a request for information (RFI) in August 2019 soliciting information from potentially qualified companies for its Carlsbad Technical Assistance Contract (CTAC) and published a request for proposal (RFP) on Oct. 29 to seek bids for the work.

The new contract would be for a five-year term with an estimated maximum value of $100 million, and would replace the current CTAC held by Northwind Portage, which will expire in Dec. 3, 2020.

Support local journalism. Subscribe to the Carlsbad Current-Argus.

That contract was valued at about $46 million.

The DOE expects to extend that contract by six

LAND FOR SALE

Fort Myers-based Alico grows its citrus operations with big land purchase in Hendry

3 months ago

[email protected]_84

Fresco y Mas, a new Hispanic grocery store, opened in Lehigh Acres last week. The store was converted from a Winn Dixie.

Fort Myers News-Press

Fort Myers-based Alico Inc. has snatched up more land for citrus, and says that shows its strong commitment to the industry.

On Monday, the publicly traded company announced it has purchased an additional 3,280 acres of citrus in Hendry County for $16.45 million.

The land will allow Alico “to add additional scale” to its existing operations, said John Kiernan, the company’s president and CEO, enabling it to continue operating as a “low-cost, high-producing citrus grower.”

“We believe that this latest acquisition continues to demonstrate Alico’s commitment to being a long-term citrus industry leader,” he said.

Related: Florida citrus growers squeezed by rising production costs, lower farm prices

Before the purchase, the agribusiness company already had 45,000 acres of citrus across Florida — in eight

FOR SALE BY OWNER

Coca Cola’s New Zealand operations up for sale

3 months ago

[email protected]_84

The owner of Coca-Cola Amatil New Zealand looks set to be bought up by the European distributors of Coca-Cola in a deal worth nearly $10 billion.

Coca-Cola European Partners has offered to buy the ASX-listed Coca-Cola Amatil – which owns the New Zealand business – for A$12.75 per share valuing the deal at A$9.28 billion ($9.9b).

The offer is a 19 per cent premium to where Coca-Cola Amatil shares were last traded.

In a statement to the ASX Coca-Cola Amatil said it had received the non-binding indicative proposal for all of the shares held by independent shareholders of Amatil pursuant to a scheme of arrangement.

Coca-Cola European Partners will also enter a separate agreement to buy Amatil shares held indirectly by the Coca-Cola Company which has a 31 per cent stake on less favourable terms than those offered to the other shareholders, the statement noted.

According to Bloomberg the cash

LAND FOR SALE

Building Engines Launches Partner Network to Create the First Comprehensive Building Operations Ecosystem for Commercial Real Estate

3 months ago

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Network brings together CRE tech partners and service vendors in industry’s new centralized building operations hub, Prism

Building Engines, the leading provider of building operations software for modern commercial real estate (CRE), has launched a comprehensive Partner Network. The Network is comprised of technical partners that offer various levels of integration into Building Engines’ new building operations software platform, Prism, as well as vendor partners that offer best-of-breed services, such as cleaning, carpentry, landscaping, and roofing to CRE property owners and operators. The Partner Network will play a central role the growth of Building Engines as it executes its build, partner and buy strategy.

Today, many CRE owners and operators struggle with tech stacks that are overly-complicated and require multiple log ins and replicating data sets across systems. Evaluating, selecting, implementing and managing additional point solutions that focus on solving a single problem further complicates the technical environment. To make

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Tag: Operations

3 Top Stocks From the Rebounding Real Estate Operations Industry

About the Industry

Meaty Property Opportunity On Offer As Former Abattoir Operations Plant Is Placed Up For Sale

Albany legislators question land bank operations

eXp World Holdings Expands Real Estate Operations Into India

Tampa airport suspends operations as Eta closes in on Florida: Latest

Construction And Engineering Giant’s Regional Operations Premises Comes Up For Sale

DOE getting closer to new contractor for WIPP operations oversight

Fort Myers-based Alico grows its citrus operations with big land purchase in Hendry

Coca Cola’s New Zealand operations up for sale

Building Engines Launches Partner Network to Create the First Comprehensive Building Operations Ecosystem for Commercial Real Estate