Transaction Archives

Iron Mountain Announces Industrial Sale-Leaseback Transaction with Blackstone Real Estate Income Trust

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Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that it has sold a portfolio of 13 industrial facilities to Blackstone Real Estate Income Trust, Inc. (“BREIT”), generating gross proceeds of $358 million. The transaction, totaling 2.1 million square feet, is a sale-leaseback transaction with the properties located predominantly in California, northern New Jersey and the Lehigh Valley. Iron Mountain will remain in these facilities under an initial ten-year lease term, with options to renew up to an additional 20 years.

This transaction is part of Iron Mountain’s ongoing capital recycling program, and Iron Mountain expects to utilize the proceeds to reinvest in higher growth areas of its business.

“As we have highlighted previously, we view the market conditions for industrial real estate assets as highly attractive. This is a

HOME VALUES

Smart home payments transaction value to exceed USD 164 bln by 2025

3 months ago

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The total transaction value of payments that occur via smart home devices are forecast to grow 630 percent from 2020 to USD 164 billion in 2025, driven by an increasing use of voice assistants via smart speakers for e-commerce, according to a study from Juniper Research. The researchers predict that the use of smart displays will be transformative for voice payments in the home, by allowing users to see products and confirm purchases.

Digital wallet ecosystems – critical to growth

The researchers found that using existing digital wallets is crucial to the success of smart home payments. They recommend that smart home device manufacturers combine the massive installed base of payment-enabled smart home devices, which will be over 2.7 billion by 2025, with popular digital wallets, such as Google Pay or PayPal, to best access existing digital payments users.

Connected TV payments positive, but connected appliances lack traction

The

HOME VALUES

Smart Home Payments Transaction Value to Exceed $164 Billion Globally by 2025; Driven by Voice Assistants

3 months ago

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A new Juniper Research study has found that the total transaction value of smart home payments, payments that occur via smart home devices, will exceed $164 billion in 2025, from $22 billion in 2020. Increasing use of voice assistants via smart speakers for eCommerce, propelled by rising user and merchant acceptance, will drive dramatic growth of over 630% in total value over the next five years.

The report predicts that smart displays will be transformative for voice payments in the home, by allowing users to see products and confirm purchases. To facilitate this, voice assistant vendors must ensure that the checkout process handoff between smart speakers and smart displays is seamless; unlocking more complex and higher-cost purchases.

For more insights, download the free whitepaper: Assessing the Smart Home Payments Opportunity.

Digital Wallet Ecosystems – Critical to Growth

The new research, Smart Home Payments: Segment Analysis, Use Cases & Market Forecasts

FOR SALE BY OWNER

Steve Cohen officially becomes NY Mets owner after closing transaction

3 months ago

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New York Mets beat writer Justin Toscano discusses Steve Cohen taking over as the new owner of the team.

NorthJersey.com

“Steve Cohen, owner of the New York Mets.”

How does that sound, Mets fans?

It’s now reality as Cohen officially became the team’s owner by completing the $2.4 billion transaction Friday. He announced on Twitter that the sale closed. His introductory press conference will likely be held on Tuesday over

“This is a significant milestone in the history of this storied franchise,”Cohen soon said in a statement. “I want to thank everybody who helped make this happen. The 2021 season is right around the corner and we’ve got a lot of work to do, so I’m excited to get started. Let’s go Mets!”

The Wilpon era is over and optimism awaits for a franchise that, for most of this century, has been known more for the comical headlines it

COMMERCIAL REAL ESTATE

San Francisco’s iconic Transamerica Pyramid sells for $650M, the largest US commercial real estate transaction post-COVID-19

3 months ago

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One of the most iconic skyscrapers in San Francisco, the Transamerica Pyramid Center, has officially sold, marking the largest commercial real estate transaction in the U.S. since the COVID-19 outbreak.

a view of Transamerica Pyramid: UNITED STATES - AUGUST 27: Street-level view of San Francisco, California, with a focus on the 1972 Transamerica Pyramid, the city tallest building (Photo by Carol M. Highsmith/Buyenlarge/Getty Images)

© Provided by Yahoo! Finance
UNITED STATES – AUGUST 27: Street-level view of San Francisco, California, with a focus on the 1972 Transamerica Pyramid, the city tallest building (Photo by Carol M. Highsmith/Buyenlarge/Getty Images)

A joint venture led by New York real estate investment firm SHVO and Deutsche Finance America closed their acquisition of the Transamerica Pyramid on Wednesday.

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The group paid $650 million for the 48-story tower and complex that spans an entire block and includes three buildings totaling 750,000 square-feet in San Francisco’s Financial District. A group of European investors anchored by Bayerisch Versorgungskammer also participated in the deal.

Sources familiar with the deal told Yahoo Finance it’s seen as a huge endorsement for San Francisco

COMMERCIAL REAL ESTATE

Realogy Title Group Upgrades Title!Snap Mobile App to Provide Real-Time Transaction Status

3 months ago

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MOUNT LAUREL, N.J., Oct. 21, 2020 /PRNewswire/ — Realogy Title Group LLC today announced the release of a new version of its Title!Snap mobile application, offering real-time title transaction information to real estate agents.

Title!Snap provides agents and mortgage loan officers detailed, accurate closing cost estimates for each of Realogy Title Group’s more than 40 brands, the ability to start a title order, generate and electronically share seller net sheets, title and escrow fee estimates, and a complete range of real estate calculators. Available to any real estate agent, the app is one aspect of the company’s commitment to delivering a virtual homebuying process, from beginning to end.

With the new release, the app has been upgraded to give real estate agents access to real-time transaction status and documents. Additional enhancements allow users to:

Login securely using Realogy’s SSO identity management service and biometric integration
Obtain address and driving

CONDO

Selling your pre-construction condo is a tricky transaction: Ask Joe

3 months ago

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I bought a condominium unit, pre-construction. My financial circumstances have changed significantly and I now need to sell it. What should I know?

Just so we are all talking about the same thing, entering an agreement to purchase a pre-construction condo is when you contractually commit to buy a condo before or during its construction — but you would not move in until it is complete, or sufficiently complete to do so.

This is a very tricky topic and I urge you, initially, to consult a real estate lawyer about it.

As many pre-construction condo buyers know, many things can happen between the time you buy and the time you take possession and own it. From the builder’s perspective, there may be construction delays and sometimes projects are cancelled. Buyers face different risks and all of the research in the world cannot protect a buyer from an unanticipated change in

REAL ESTATE

Real Estate Transaction Process: Pricing, Marketing, Selling, Sales, Closing

10 months ago

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Being an effective, quality, real estate agent, requires several skills, abilities, experiences, expertise, judgment, and actions, used together, to make the process, easier, less stressful, and far more efficient / effective! This process begins with properly pricing a property, from the start, using a professionally designed, Competitive Market Analysis, valuable, properly designed marketing, well – considered, selling, bringing about a sale, and paying keen attention, until the closing. After more than a decade, as a Licensed Sales Representative, in New York, I have come to realize, the difference, the right agent, might offer, and, so, with that, in mind, this article will attempt to, briefly, consider, examine, review, and discuss, some of the key considerations, to understand, during this process, and period of time.

1. Pricing: Often, the initial, listing price, sets the tone, for how well the process will go! The best approach is to price it right from … Read More

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Tag: Transaction

Iron Mountain Announces Industrial Sale-Leaseback Transaction with Blackstone Real Estate Income Trust

Smart home payments transaction value to exceed USD 164 bln by 2025

Digital wallet ecosystems – critical to growth

Connected TV payments positive, but connected appliances lack traction

Smart Home Payments Transaction Value to Exceed $164 Billion Globally by 2025; Driven by Voice Assistants

Steve Cohen officially becomes NY Mets owner after closing transaction

San Francisco’s iconic Transamerica Pyramid sells for $650M, the largest US commercial real estate transaction post-COVID-19

Selling your pre-construction condo is a tricky transaction: Ask Joe

Real Estate Transaction Process: Pricing, Marketing, Selling, Sales, Closing