Ben Affleck to direct and star in World War II story Ghost Army

Now that he’s hung up the cape and left the DC Cinematic Universe, Ben Affleck can go back to directing, and he’s already lined up a project for himself.

According to The Hollywood Reporter, Affleck will direct and star in an adaptation of Rick Beyer and Elizabeth Sayles’ 2015 book, The Ghost Army of World War II, for Universal.

The true-life story follows a savvy squadron of American soldiers who used inflatable tanks, radio transmissions, and noise machines to deceive German forces into thinking armies were in certain locations.

It’s a great tale of ingenuity and one that’s being adapted by True Detective creator Nic Pizzolatto, who took over an earlier draft by Shazam! screenwriter Henry Gayden.

While Affleck certainly struggled with his last period piece, 2017’s Live by Night, his prior feature, 2012’s Argo, went on to win Best Picture at the 2013 Oscars. This project, however, seems to fit somewhere in the middle of those two, and the whole concept of wartime deception just screams of Argo.

At the very least, it’ll be better than Pearl Harbor.

 

from Consequence of Sound http://bit.ly/2ZvFbR5

How to use Buildout’s tools to efficiently share your documents and materials

This post originally appeared on Buildout’s Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.

Blog-06_WP-Feature-Image

This blog was originally published in October 2016 and updated in February 2019.

In our very first DNA of #CRE survey in 2015, nearly a quarter of CRE marketing professionals said they spent 2,000+ hours per year on marketing “busy work”. Today, they’re cutting this time down significantly by using Buildout to share CRE documents and materials.

When you add or update properties in Buildout, all of the relevant information instantly updates across your materials—brochures, flyers, proposals, OMs and more. Then, with Buildout, you can get these marketing materials in front of buyers, investors, and other brokers through:

  • Property websites
  • Company website search plugins
  • Document sharing
  • Listing emails

Here’s how to efficiently promote your property listings and share your promotional documents with each of these tools using Buildout:

Create property websites for every listing

A website for each of your listings provides a professional, simple way for potential buyers to access property information, marketing documents, and broker contact information. Buildout streamlines the once-complicated process of building property websites by automatically creating a mobile-optimized site for each listing based on the information you enter into the system.

Use brokerage website plugins

In addition to creating property websites in Buildout, you can use our plugin to power live listings on your brokerage’s website. Your web visitors can then select property criteria and search all of your listings. When you use Buildout’s plugin, your property information lives on your brokerage’s website, allowing you to maintain your SEO and track your web analytics.

Gather leads through document sharing

You no longer need to use a separate cloud-based solution to store and share your CRE documents. Buildout’s document sharing feature allows you to share your materials at your preferred restriction level with owners, buyers, and your own team. Four levels of security allow you to seamlessly acquire and qualify leads for ongoing communication via listing emails.

Send targeted listing emails

Creating multi-property or individual property emails that look good in every inbox is easy with Buildout. You can create the following types of emails:

  • Multi-property email: feature up to 20 listings in one email
  • Individual property email: feature a single listing for sale or lease
  • Space needs: advertise your space needs and requirements

Our email editor allows you to edit a live draft of every email campaign. Plus, each template is optimized for mobile devices so you can catch your readers on the go.

Learn more about how Buildout’s document automation tools and other features will benefit your firm in our blog “How Buildout’s documents and features streamline your brokerage.

RSS Feed provided by theBrokerList Blog – theBrokerList for commercial real estate brokers (cre) and How to use Buildout’s tools to efficiently share your documents and materials was written by Buildout.

from theBrokerList Blog http://bit.ly/2GBNp1w

Beyoncé’s dad, Mathew Knowles, announces new biographical Destiny’s Child musical

Last week, Beyoncé dropped Homecoming, her impressive live album and concert film based on her groundbreaking 2018 Coachella set. The performance also served as a reunion for Destiny’s Child, effectively reminding the masses of how amazing the girl group was back in the day. Now, per reports from Broadway World, a new musical is in development based on the Grammy-winning iconic ’90s act.

Promising an “honest, behind-the-scenes look at how the greatest girl group of all time was created,” the musical is the product of Destiny Child’s former manager (and Bey’s dad), Mathew Knowles. Told from his perspective, Survivor: The Destiny’s Child Musical will follow the group from their humble beginnings to the peak of their stardom, addressing “the layers of evolution — good and bad — that Knowles faced during his pioneering climb into the music industry.”

Explained Knowles in a statement, “I want to pull back the curtain… I feel it’s time to give the world an opportunity to hear, see and feel the victories and failures that I’ve had as a husband, father and manager who risked everything in pursuit of fulfilling dreams – those of mine and others.”

Prolific writer, producer, director, and Houston native Je’Caryous Johnson has been brought on for the forthcoming project. Most recently, he has served as the mastermind behind Redemption of a Dogg, a bio-musical on Snoop Dogg, and Set It Off Live, an adaptation of the 1996 cult classic. The director added,

“I am ecstatic to be working with Mr. Knowles on the development of Survivor: The Destiny’s Child Musical... It is a unique and inspiring story that will fearlessly tackle hard truths, while bringing both vindication and healing to all who lived it. It’s fair, it’s real and it’s an absolute honor to know that Mr. Knowles trusts me to pen and produce such an iconic piece of American history…

It is my mission to tell the stories of our legends and cement their legacies in the history of our world, but this one is very dear to me. As a native Houstonian, I have a special affinity for Destiny’s Child because we are from the same city and it is one that breeds greatness! I can assure their fans, and mine, that I will give everything I have to this story and will make sure it is the greatest show they ever experience!”

The musical will premiere in Houston in 2020, with hopes of making its way to Broadway and London’s West End.

from Consequence of Sound http://bit.ly/2Pr9xzr

A Comprehensive Breakdown of Commercial Lease Types

This post originally appeared on Marketplace Advertiser, Reonomy and is republished with permission. Find out how to syndicate your content with theBrokerList.

TABLE OF CONTENTS:
1. About Commercial Leases
1.1 What is a commercial lease?
1.2 What is a commercial lease agreement?
1.3 How often are commercial leases renewed?
1.4 Finding Commercial Tenants and Tenant Leads with Reonomy
2. Types of Commercial Leases
2.1 Net Lease
2.2 Full Service Gross Lease
2.3 Modified Gross Lease
2.4 Percentage Lease

Commercial Lease Types

Anyone who has ever rented an apartment is probably familiar with the standard residential lease process – but leasing commercial real estate is an entirely different ballgame. Commercial leases are much more nuanced.

In this article, we will look at the different commercial lease types, the standard terms for each, and the general guidelines around who might use each type of lease and for what purpose.

We’ll also cover how Reonomy can help identify commercial tenants in any market nationwide to help you find tenants looking for a specific lease type.

About Commercial Leases


What is a commercial lease?

A commercial lease is a legally binding agreement made between a landlord (typically, the property owner) and a business tenant.

Sometimes these agreements are negotiated by commercial real estate brokers on behalf of their respective clients, but ultimately, it is the owner who signs as the LESSEE and the tenant who signs as the LESSOR.

At a minimum, a commercial lease should include the following:

  1. The names of the parties signing the agreement.
  2. Legal description of the property, including the address and sometimes boundaries.
  3. Property type (e.g. commercialindustrialwarehouse, etc.)
  4. Square footage of what’s being rented.
  5. Term of tenancy.
  6. Tenant renewal options – including whether they can renew, how frequently they can do so, and under what terms.
  7. The base rent for the property and how often it is to be paid.
  8. Whether a security deposit has been collected and in what amount.
  9. The types of activity that can or cannot occur on the leased premises.
  10. Whether any improvements will be made to the property as a condition of tenancy, and who will pay for those improvements (often referred to as a “fit out” of the property that considered either “landlord improvements,” or “tenant improvements”).
  11. What fixtures will be included as part of the lease, which may include sinks, lighting, etc.

What is a commercial lease agreement?

A commercial lease agreement essentially grants the tenant specific rights to the property. The most obvious right is the right to occupy the property.

However, a commercial lease agreement will specify all the details related to those rights – such as the length of the lease period, in exchange for how much money, and specific activities that can occur on the property.

Commercial lease agreements almost always take the form of a written agreement, and are usually quite complex. It is not uncommon for each party to seek the guidance of an attorney before signing a commercial lease agreement.

How often are commercial leases renewed?

Commercial leases can vary in length. Some leases run month-to-month, which is particularly true when dealing with smaller commercial properties. Others have lease terms for 30+ years.

It really depends on the nature of the property, size of the business, and how long the business has been in operation.

That said, commercial leases generally take one of the following forms:

1. Fixed End Date

A lease with a fixed end date gives each party certainty around when the tenancy will end. All terms of the lease remain the same during this period, and neither party must give the other notice before terminating the lease. The lease simply ends at the end of that period.

2. Automatic Renewal

Some leases are structured to automatically renew after a certain period, unless either party gives advanced notice to the other.

For instance, the owner of a hair salon might sign a yearly lease with an automatic renewal on January 1 each year. The terms of the lease remain in effect (including rent payment), unless the lease is renegotiated.

3. Lease Options

Somewhere between a fixed-end date lease and an automatically renewing lease is a lease option. In this type of commercial lease agreement, the tenant agrees to occupy the premises for a fixed period. At the end of this period, the tenant is given the option to extend their lease for a specific duration at already agreed upon terms.

For instance, a software engineering company might sign a 5-year lease for space in an office building with an option to renew their lease for an additional 5 years once their initial lease expires.

The landlord will typically include a rent escalator so that, if the software company agrees to renew their lease, the landlord will benefit from an increased rent payment. This creates predictability and flexibility for both parties.

Finding Commercial Tenants and Tenant Leads with Reonomy

The lease type on a commercial property can also tell you a bit about the intentions of the tenant.

With Reonomy, you can actually search directly for properties based on who the tenant is (by name), or by tenant type, using NAICS and SIC codes.

During your Reonomy property search, you can visit the Tenant tab to search for commercial tenants by name, or by specific NAICS and SIC code types.

Reonomy Property Search by Tenant Medical Manufacturing Florida

Similarly, let’s say you’ve run a property search by owner name or property address. Even without searching for a specific tenant, when analyzing an individual property, you can visit the Tenant tab to see who the active tenants are in that property, along with the contact information of the individuals associated with the tenant business.

Reonomy Owner Occupied Property Search by Tenant

For a bit more context, you can check out the video below or read about Reonomy tenant data.

Types of Commercial Leases


1. Net Lease

A net lease is perhaps the most common form of commercial lease agreement.

With a net lease, the tenant is responsible for a base rent payment plus utilities, insurance, maintenance, and/or other expenses associated with occupying the property.

This is sort of like renting a single-family home: the owner pays the mortgage, but the tenant pays the owner rent and is then responsible for paying for their own utilities, arranging maintenance, and so on.

But net leases come in many forms. Sometimes, the tenant is only responsible for some of the additional expenses. We explain the different types of net leases below.

Single Net Lease
A single net lease, often referred to as an “N” lease, is the simplest form of net lease. With this structure, the tenant pays the rent and the property tax associated with the space they’re renting.

Single net leases are not very common. One of the only reasons a landlord would use a single net lease, instead of a gross lease, is to ensure property taxes are paid on time.

With a single net lease, the landlord collects funds used to pay property taxes and then they can pay the taxes to the city directly.

Double Net Lease
A double net lease, or “NN” lease, makes the renter responsible for the base rent, property taxes, and the cost of building insurance.

With this type of agreement, the landlord maintains responsibility for utilities, maintenance and other related costs. Double net leases are often used in multi-tenant buildings.

This way, the landlord incurs the costs of structural issues on behalf of all tenants. The landlord will generally prorate property taxes and building insurance to each tenant based upon their total leased square footage.

Triple Net Lease
Arguably the favorite among commercial landlords, the triple net lease, or “NNN” lease makes the tenant responsible for the majority of costs, including the base rent, property taxes, insurance, utilities and maintenance.

This even includes standard property repairs associated with the commercial space in question.

For example, if the roof leaks, the tenant in a NNN lease will have to pay for it to be repaired. Given the costs born by the tenant in a NNN lease, the base rent payment is typically lower on a per square foot basis.

NNN leased properties are often owned by investors who prefer to take a more hands-off approach to management.

Bondable Net Lease
A bondable net lease is a variation of the NNN lease, one that places every imaginable risk related to the property on the tenant.

For instance, if the property were to catch fire due to an electrical issue, the tenant would be responsible for the rebuilding effort and would have to continue paying rent to the landlord in the meantime.

Bondable net leases cannot be terminated before the expiration date for any reason. Some landlords use bondable net leases to protect themselves from tenants seeking rent concessions in the event of major structural repairs required under a NNN lease.

2. Full Service Gross Lease

A full service gross lease is one in which the tenant pays a fixed rent each month. The landlord is responsible for covering all other costs, including those related to operations and maintenance.

O&M costs typically include insurance, utilities, management, and state and local taxes. Consider the full service gross lease similar to an all-inclusive resort—pay one flat fee and the rest of the amenities are included.

3. Modified Gross Lease

A modified gross lease is similar to a full service gross lease with one major exception—this lease type makes the tenant responsible for any incremental increase in the building owner’s operational costs beyond the costs calculated in the base year of the lease.

So, if the city increases property taxes, the tenant may be expected to pay a portion of the increase.

4. Percentage Lease

A percentage lease is a type of commercial lease that is most often used by restaurants and retailers.

With a percentage lease, the tenant is expected to pay a base rent – or a minimum amount of rent – in addition to a percentage of the business’s gross income. Therefore, the rent payment is calculated as:

Base Rent + % of Gross Profits = Rent Payment

The percentage must be agreed upon by both parties in advance.

Percentage leases are often calculated using what’s called a “natural breakpoint.” With this type of commercial lease, a natural breakpoint is calculated by dividing the base rent by an agreed percentage.

The percentage rent payable by the tenant is then calculated by dividing the percentage by the annual base rent.

Here’s an example of a percentage lease in action…

The owner of a shopping center signs a percentage lease with a nationally-branded furniture store. The furniture store is the anchor of the shopping center. The furniture store pays an annual base rent of $500,000.

They agree that the tenant will pay percentage rent equal to 5% over the natural breakpoint, in this case: $500,000 / 5%.

This comes out to $10,000,000. If the furniture store has gross sales, for example, of $12,500,000 one year, then the furniture store would pay an additional $125,000 in rent that year. We arrive at this number by taking the amount in excess of the natural breakpoint – or $2,500,000 – and multiplying it by 5%, which equals $125,000.

There are other ways to set percentage leases. For instance, a landlord may agree to set rent solely as a percentage of gross sales.

This practice is more common when using short-term leases or when signing a commercial lease with a startup business that cannot guarantee a certain level of sales initially.

It may also be used when a company has had a few hard years (say, due to a recession) and expects business to pick up significantly in the years to come. In that scenario, the business may not be able to pay a high base rent, but may be able to offer a higher percentage sales as business increases.

Understanding Tenants and the Lease Process

Whatever the case may be, and whichever lease type a commercial tenant is currently locked into, it can be extremely helpful to understand everything about the commercial leasing process and those involved.

With Reonomy, you can very quickly find commercial tenants for office buildings, retail, warehouses, and much more. Search any market nationwide to access owner and tenant contact information, and to start leveraging your understanding of the lease process.

 

Try Reonomy for Free

 

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Opportunity Zone Investing in 5 Major Markets

This post originally appeared on Marketplace Advertiser, Reonomy and is republished with permission. Find out how to syndicate your content with theBrokerList.

In the last year, Opportunity Zones have been the center of many conversations for those involved in commercial real estate. Opportunity Zones mark the latest way of helping investors save on taxes, while also aiding to advance the economic fabric of an underdeveloped community.

The Opportunity Zone program was established in the Tax Cuts and Jobs Act of 2017. It was put in place to funnel unrecognized capital gains into the U.S. census tracts that need it most, and to bring them development they wouldn’t see otherwise. From the passage of the program in December of 2017, there has been a continued and substantial increase in the interest and investment in these zones. With over 6 trillion in unrealized capital gains in the U.S. the potential for change in these areas is astronomical.

Reonomy is the only platform where you can not only identify properties in OZ’s, but analyze areas of interest for investment and development. Utilizing this data, we here at Reonomy looked at Opportunity Zones in and around 6 of the largest markets in the U.S.

While there is already be substantial development in these areas, the government of each state and county worked to identify the areas most in need of attention. For more information about potential investment and additional incentives, head to county and state specific websites for investment advice and details.

Table of Contents (Click to Jump to Section)


OVERVIEW OF OPPORTUNITY ZONES:

INVESTING IN OPPORTUNITY ZONES IN BIG CITIES:

What Are Opportunity Zones?

How Opportunity Zones Are Chosen

Every area of the country that is part of the low-income census tracts was eligible to be designated as an Opportunity Zone. A geographic region can get the designation if the median family income is under 80% of the median income of the surrounding area. Plus, if the area has a poverty rate of over 20%, there’s a good chance that it will become an Opportunity Zone.

Deciding whether or not an area is an Opportunity Zone is a burden that fell on the governor of each state, albeit with some limitations. Governors had the freedom to choose up to 25% of high-poverty areas as Opportunity Zones. The tracts were reviewed by the National Community Reinvestment Coalition (NCRC), which helped to finalize the list of opportunity zones around the nation.

What an Opportunity Zone Designation Means for the Area

Garnering an Opportunity Zone designation can be big for a certain census tract as unrealized capital gains, which are used to fund these investments, is valued at roughly $6.1 trillion. Such an investment can help to completely reshape communities as long as local groups, investors and city officials join forces to determine the best initiatives to invest in.

How Taxpayers Will Benefit if They Invest in Opportunity Zones

Taxpayers have plenty of reason to invest in Opportunity Zones, which is an opportunity that is offered to those who reinvest gain from a sale of property into a “Qualified Opportunity Fund.” One such benefit is that reinvesting this gain in a Fund results in the gain being deferred until the earlier of the date when the taxpayer sells their interest in the Fund or December 31, 2026.

The investment also states that if a taxpayer invests in the Fund for at least five years, 10% of the original gain is excluded. If they do so for at least seven years, an additional 5% (amounting to a total of 15%) of the original gain is excluded. Plus, if a taxpayer invests in a Fund for 10 years or more, all appreciation in that investment will be tax-free once they exit the Fund.

How to Invest in Qualified Opportunity Zone Property

The basic requirements of investing in an Opportunity Zone are as follows:

  1. Anyone that would like to invest in a Qualified Opportunity Zone (QOZ) must do so by reinvesting existing, realized capital gains.
  2. To be eligible for tax breaks, they must invest those capital gains through a Qualified Opportunity Fund (QOF).
  3. They must reinvest their capital gains in a QOF within 180 days of the realized exchange date of those gains.

Once capital gains are reinvested in an Opportunity Fund, investors qualify for a temporary tax deferral on their realized, reinvested gains. Taxes can be deferred until the sale date of their OZ asset, or until December 31, 2026, whichever comes first.

From there, increasingly large tax breaks are earned at three distinct milestones. Investors hit those milestones based on how many years they’ve held their asset in an Opportunity Zone.

Investment in 5 Major Markets

Los Angeles Opportunity Zones

The greater Los Angeles area alone has over 270 designated zones that qualify for these incentives, spanning from locations in San Fernando, all way throughout Santa Ana. As the second most populated city in the United States and largest city in California, Los Angeles’ Opportunity Zones are full of potential.

It is predicted the LA county’s population of 10.6 million will increase by another million by 2035. This significant population growth is causing a housing crisis across the region. Today, nearly half of all developable land throughout Los Angeles is zoned exclusively for single-family homes, and according to the Department of City Planning, a little under two-thirds of the city’s land is now zoned for residential development. But of the land zoned for residential development, over 75 percent is only reserved for single-family homes or duplexes.

The city’s shortage of affordable housing is problematic: homelessness rates have surged a staggering 75 percent in the past six years, while over 30 percent of renters are critically cost-burdened, delegating over half of their monthly income to rent each month. But with nearly half (48 percent) of all assets in Los Angeles County’s Opportunity Zone’s categorized as multifamily, investors and developers have a chance to mitigate the area’s affordable housing issues while simultaneously securing tax benefits.

Reonomy data shows over 36,500 different multifamily units in Los Angeles County. So, what neighborhoods, specifically, should real estate professionals pay attention to? While downtown L.A. continues to boom, trends show surrounding submarkets, like Koreatown and Inglewood, are on the rise and have Opportunity Zones ripe for multifamily investment. Koreatown is on the come up, with 52 different construction and development projects currently underway or in the pipeline. Inglewood is experiencing momentum as well, with a number of large developments coming down the pike, including a new multi-billion dollar football stadium slated to attract a number of additional projects. Investors and developers should consider investing in exploring the 2,000+ multifamily properties in Opportunity Zones between the two suburbs for helping growing communities and ensuring maximized return-on-investment.

 

Miami Opportunity Zones

As the second most populated city in Florida and the fourth largest urban area in the nation, Miami is full of possibility. Below, we explore Miami’s Opportunity Zone investments based on asset class in Miami-Dade, Broward and Palm Beach Counties. Using Reonomy’s robust sales data in conjunction with city-specific trends, we asses Miami’s Opportunity Zone parcel breakdown and sales data to uncover investment opportunities.

Miami-Dade County

With the city of Miami in the county seat, Miami-Dade County has a population of 2.5 million in over 2,000 square miles. The county’s economy is flourishing; between population growth, an attractive tourism industry, and strong employment rates, Miami-Dade is an epicenter for advancement. And while other cities are struggling with retail, in Miami-Date retail is particularly thriving.

Currently, there is over 2.9 million square feet (sf) in retail space under construction throughout South Florida. In Miami-Dade, specifically, plans have been approved to develop the 6.2 million sf American Dream shopping mall—the largest in North America. Additionally, the mega mixed-used space, the Miami WorldCenter, is slated to finish construction in Spring 2019. This promises over 300,000 sf in retail space, 500,000 sf in office space, and 500,000 sf in hospitality space.

According to Reonomy data, there are over 1,133 different mixed-use assets in Miami-Dade’s Opportunity Zones, as well as 110 retail spaces. Data also shows over 4,000 general commercial real estate assets. Since asset classes are determined on a county-by-county basis, this could include a variety of properties that might be considered “retail” or “mixed-use” elsewhere. With these industries advancing in Miami-Dade County, it might be a prime time to consider investing in these assets within the area’s designated Opportunity Zones.

 

Houston Opportunity Zones

Harris County

Everything is bigger in Texas, even the counties. With nearly 4.6 million residents, Harris County (which includes city proper) is the most populated county in the state and the third most populated county in the nation. With over 300,000 commercial properties throughout the county, Harris County is a hotbed for investment and development.

Due to its burgeoning population, the city’s multifamily market continues its trajectory, with unit absorption and occupancy rates steadily increasing and closing in on 90 percent. Layer on the Opportunity Zones in Harris County, and now might be a good time to capitalize on the multifamily boom.

Reonomy data shows that multifamily only makes up an 11.9 percent of the county’s entire Opportunity Zone parcel breakdown. Vacant land dominates the majority at just over 60 percent—the high percentage of vacant land in Houston’s Opportunity Zones is something to consider for multifamily development.

 

Chicago Opportunity Zones

As the third largest metro in the United States, Chicago is full of potential, especially in these designated Opportunity Zones.

Opportunity Zones are especially ample in Cook County, where 133 of the state’s 327 designated census tracts are located. The second most dense county in the United States, Cook County is bustling with commercial real estate investment and development. Currently, the city has big plans in the pipeline, including a $7 billion mixed-use project known as “The 78.”

Spearheaded by Related Midwest, the plan includes developing a 62-acre parcel on the riverfront to build what will eventually be home to as many as 24,000 new employees.

Interested in investing in Cook County Opportunity Zones? Reonomy data shows a fairly diverse split amongst total assets in the county. Vacant land leads the total parcel breakdown at 27.2 percent, followed by multifamily and special purpose at 18.3 percent and 17.1 percent, respectively. Data also shows retail dominated this year’s past sales at just over half (50.5 percent) of the 2018’s total sales. As more mixed-use space is built, like with The 78, now may be an excellent time to consider investing in Cook County’s Opportunity Zones.

New York City Opportunity Zones

Opportunity Zones are booming in the Big Apple. Appointed areas vary from borough to borough; Brooklyn has over a quarter (125) of the state’s entire Opportunity Zone pool, while Staten Island has only eight designated census tracts. For information on all of NYC’s opp zones, read our in-depth article here.

Brooklyn Opportunity Zones

Brooklyn is a hotbed for the multi-family market. By the end of the first half of 2018, Brooklyn had already outpaced Manhattan’s multi-family market and proceeded to eventually cross the $1 billion dollar threshold at the end of September. While activity is occurring across the borough, certain neighborhoods are catching the eyes of real estate professionals, especially with the introduction of Opportunity Zones. Sunset Park, for example, is gaining traction for its proximity to mixed-use spaces like Industry City and the Brooklyn Army Terminal. Bushwick and Bed-Stuy are also on the rise. These neighborhoods have already experienced a transformation that will likely continue its trajectory as more industry professionals take advantage of new incentives.

Reonomy data supports multi-family’s success throughout Brooklyn. In 2018, the asset class comprised 47.3 percent of the year’s entire sales. For those interested in investing in this market, opportunity is aplenty. Brooklyn’s Opportunity Zone asset pool is 70.4 percent multi-family housing, ranging from small, cozy apartment buildings to sprawling condo complexes. Sales prices are low compared to other asset classes, as well—data on 2018’s multi-family sales shows an average price $1.9 million and a median price of $839,000.

 

RSS Feed provided by theBrokerList Blog – theBrokerList for commercial real estate brokers (cre) and Opportunity Zone Investing in 5 Major Markets was written by Reonomy.

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California Opportunity Zones: Target Markets for High Yield Investment

This post originally appeared on Marketplace Advertiser, Reonomy and is republished with permission. Find out how to syndicate your content with theBrokerList.

RSS Feed provided by theBrokerList Blog – theBrokerList for commercial real estate brokers (cre) and California Opportunity Zones: Target Markets for High Yield Investment was written by Reonomy.

from theBrokerList Blog http://bit.ly/2IEeEvO

ScHoolboy Q drops new single “CrasH”: Stream

This Friday, ScHoolboy Q will return with his latest album, CrasH Talk , via Top Dawg Entertainment. In anticipation, he’s unveiled one final preview track.

“CrasH” comes on the heels of previously revealed offerings “Numb Numb Juice” featuring Tyler, the Creator and “CHopstix” featuring Travis Scott. While these past two singles sported special guests, this latest number finds the Los Angeles rapper on his own, spitting an easy flow over the two-and-a-half-minute song’s laidback beat. Listen to “CrasH” below.

CrasH Talk follows up ScHoolboy Q’s acclaimed 2016 Blank Face LP and a handful of one-off songs and collaborations. The 14-track collection also sports cameos from Kid Cudi, 21 Savage, Lil Baby, Ty Dolla $ign, and YG



from Consequence of Sound http://bit.ly/2GypQq4

TV Review: Cobra Kai Season Two Shows How Anyone Can Be The Hero, Not Just The Karate Kid

It’s a Cruel Summer: Picking up exactly where Season One left off, ex-Special Forces/former sensei John Kreese (Martin Kove) returns to Cobra Kai, cigar and all, in an effort to make amends with Johnny Lawrence (William Zabka). However, to quote another ’80s property, there’s more than meets the eye, and Johnny will have to contend with the ugliest parts of his past in order to find a brighter future for himself.

Meanwhile, Daniel LaRusso (Ralph Macchio) is following in the footsteps of his late sensei Mr. Miyagi (Pat Morita) by opening up his own dojo to bring balance to a new generation of outcasts while also finding balance in his own life. His first two students are his own daughter Samantha (Mary Mouser) and Johnny’s estranged son Robby (Tanner Buchanan), who may or may not have feelings for each other off the mat.

In between, there’s the entire Cobra Kai cadre, led by Miguel Diaz (Xolo Maridueña), who’s hot off his latest win at the All-Valley Tournament and yet cold from his vicious breakup with Samantha. As his mother suggests early on, Miguel is changing, having assumed the dojo’s “strike first” and “no mercy” rules, and that moral metamorphosis continues in the latest chapter of Cobra Kai. Yet he’s hardly alone in that area.

Miguel’s colleagues are similarly wrestling with demons. Eli “Hawk” Moskowitz (Jacob Bertrand) finds more and more truths in being merciless, Aisha Robinson (Nichole Brown) strays further from her best friend Samantha, and Demetri (Gianni Decenzo) realizes there’s only so much time you can spend on the sidelines. Behind them are a whole new class of inductees, including a possible new MVP in Tory (Peyton List).

Cobra Kai - Season 2

Martin Kove and William Zabka in Cobra Kai Season Two (YouTube Premium)

No Shelter: The stakes keep stacking up in Cobra Kai. At the center of it all is Johnny’s mistrust for Kreese, who nearly killed him at the beginning of The Karate Kid II, a memory he certainly hasn’t forgotten. Their fractured relationship informs so much of the action this season, particularly as Kreese exerts his influence over the dojo by insisting upon his age-old “no mercy” mantras, despite Johnny’s hesitations.

Yet rather than paint Kreese as this cartoonish villain, as he so often was in the original series, creators Josh Heald, Jon Hurwitz, and Hayden Schlossberg tear a page from last year’s Creed II by scraping off the ego and indulging in some heart with its antagonist. Like the return of Ivan Drago, Kreese also has his own demons, and seeing them on full display aides in the uncertainty of it all, especially from Johnny’s perspective.

It’s also in service to the series’ broader theme of second chances, which the incredible inaugural season hammered down to great effect. That idea carries over into the second season, and not only with Kreese. Everyone’s constantly shifting from one side to another in a wild balancing act that the three showrunners wield to ensuing success, even while they lean more into the histrionic facets of the franchise.

No kidding. If we’re seeing this season as a sequel-of-sorts — and we should — then this go-around absolutely doubles-down on the insanity of The Karate Kid II and III. The fights are more elaborate — think: Chopping Mall and Rock N’ Roll High School — and the injuries are more vicious. This season doesn’t revolve around a tournament, mind you. These fights all go down off the mat, and they’re pretty brutal.

Cobra Kai - Season 2

Miyagi-do in Cobra Kai Season Two (YouTube Premium)

Young Hearts: Romance has always been the fuel of The Karate Kid franchise, and this series wisely keeps an extra tank or two in the Challenger. If you recall, the first season relished the angsty, heart-aching moments of the original with aplomb — even going back to the Golf ‘n’ Stuff with Commuter for the assist — and the second season carries on that tradition by molding and shattering a few hearts in the process. It’s great.

In one corner, there’s The CW fare involving Robby and Sam or Miguel and a certain newcomer, while in the other, there’s the more adult flirtations that give the series a slight edge over its competitors. Much like the last season, it all works because the relationships are so secondary to the actual narratives at hand, and they mostly serve to flesh out their respective strengths, quirks, or weaknesses. They hardly define them.

That’s not to say they’re without any cheese — no, there’s plenty of it. Heald, Hurwitz, and Schlossberg clearly want to tap into that YA demo, and their insistence upon that notion every so often leads to awkward dalliances with love. In one party sequence, a lesbian coupling winds up surprising a character, and the way it’s played with so very little nuance suggests they’re at times checking boxes over building character.

Cobra Kai - Season 2

Jacob Bertrand, William Zabka, and Xolo Maridueña in Cobra Kai Season Two (YouTube Premium)

Having said that, when they’re on, they’re on. This season, Johnny discovers the Internet and even gets himself a Smartphone, all of which naturally leads to predictable YouTube searches of Kickboxer and Iron Eagle clips, but also women. When Miguel shows him Tinder, Johnny’s obsession is hilarious, offering Zabka a chance to exude his more charming naïveté, while also commenting on today’s warped dating culture at large.

Even better is everything that goes down with Daniel. As he often did in past Karate Kid chapters, he once again forgets to balance out his own life — in this case, his own marriage to Amanda (Courtney Henggeler). The two struggle quite a bit as Daniel’s attention turns toward his dojo, and that mean streak of his flairs up, but their tensions are a nice reminder that even the rookie from Reseda has a few wrinkles to iron out.

Cobra Kai - Season 2

Ralph Macchio in Cobra Kai Season Two (YouTube Premium)

(It Takes) Two to Tango: As the season reaches its school daze of a finale, the series’ themes of mercy and second chances begin to stumble into a grey area themselves. Without spoiling too much, certain characters come up short or change for the worst, and while their actions admittedly disprove certain beliefs or lessons being discussed, they don’t exactly make them null or void, either. It’s all about perspective.

From the get-go, the allure of Cobra Kai has been its ability to acknowledge that the world isn’t black and white, and this season takes that notion to heart, drilling deep into how far one is willing to show mercy. Yet what makes this chapter all the more appealing is its willingness to ask questions and to answer each one with logical meditations. Because really, nobody has the right answer, if only because there isn’t one.

At one point, Amanda tells a troubled Robby, “We all make mistakes, it’s what we do next that counts,” while later on, Kreese counters that thought as he coldly explains to Hawk, “The world shows no mercy, why should we?” That tricky dichotomy eventually boils over in the season’s harrowing conclusion, the consequences of which narratively find the show ostensibly taking a stance, but even then, one can argue otherwise.

And they kind of do. Because by the end, you still have characters believing one way or the other, and they’re only empowered by those consequences. It’s an all-too-prescient thought to leave us with, especially at a time when our society continues to struggle with indifferences both minor and major, where cancel culture is absolutely a thing, and everyone has reasonable arguments for and against it.

Cobra Kai - Season 2

William Zabka in Cobra Kai Season Two (YouTube Premium)

You’re the Best: If there was any doubt who this show belongs to, the second season all but confirms that Zabka has Cobra Kai in his pocket. No shade to anyone else in the cast — they’re all incredible in their own respective ways — but Zabka is operating from an increasingly personal place.  Iconic characters be damned, the ’80s didn’t do him any favors but have him play shotgun to James Spader as the archetypal teen villain.

That’s just not the case with Cobra Kai, where he becomes more and more intriguing as the underdog with each passing episode, and this extends well beyond the narrative. Zabka brings so much pathos to his role, wrapping every line and every shrug with decades of weight, that you get the sense that he’s not just playing Johnny, he’s contending with decades of assumption and what ifs.

Of course, it also helps that he’s the most interesting character on screen. Heald, Hurwitz, and Schlossberg have taken what was once a tongue-in-cheek Internet theory — Daniel is the Real Bully of The Karate Kid — and turned it into a genuine drama, one that actually changes the way we can look at the 1984 original. Because, at this point, it’s just impossible to go back and see it as a sports drama between an outcast and a bully.

That twist on nostalgia isn’t an easy feat in the slightest, and yet it wouldn’t work at all if Zabka wasn’t so damn convincing. Every swig of Coors Banquet, every second guess on the mat, every bruise both physical and metaphorical … they’re all felt. This season, in particular, finds him at his dreariest, too, confessing his demons with so much conviction, you actually start to wonder if we’ll be talking about him come awards time.

Wouldn’t that be wild.

Karate (No) Kidding? Tory is going to wind up being the daughter of Terry Silver.

Cobra Kai - Season 2
The Karate Kid III

The Moment of Truth: By operating on the conceit that “anyone can be the hero,” Cobra Kai finds itself in a never ending journey of crossroads, the likes of which are a dream for any showrunner. Granted, this doesn’t need to draw out forever, but there’s no real rush to end this, and that says a lot given that we’re now 20 episodes into a spinoff of which already has three full feature-length films. How the hell did that happen?

One word: economy. Whereas the original films were so entrenched in the idea that they needed to usher in one more villain for Miyagi and Daniel to take down, Heald, Hurwitz, and Schlossberg are more concerned with the world-at-large. The more characters, the better is their M.O., and while most of the time that can prove disastrous, that hasn’t been the case for the series. The more really is the merrier for Cobra Kai.

Like Friday Night Lights, or even The WB’s Smallville before it, these range of characters offer so many stories and perspectives, and by showing them mercy, it will be quite some time before the mat wears thin. In that sense, it’s the best kind of sequel in that we’re able to return to a world we already loved and yet find new reasons for why we’d want to stay there. If they can keep that up, there will never be defeat in this dojo.

No, sensei.

Where’s It Playing? Head to YouTube Premium for the entire second season.

from Consequence of Sound http://bit.ly/2UC0OLM