International investors in Dublin’s commercial real estate market remain enthusiastic about the city’s fundamentals but are being put off by the unwillingness of sellers to drop prices to realistic levels.
That is the view put forward by Miles Skinner, Union Investment Real Estate head of investment management in the UK and Ireland, at Bisnow’s the Future of Office in Ireland: Weathering the Storm event at the Alex Hotel in Dublin on 27 September.
“It’s incredibly tough to get deals over the line,” Skinner said, citing pricing as the major block to transactions.
Union has been one of the largest international investors in Dublin over the past five years.
Landlord JAG Management Co. is expected to pay compensation to nine members of the U.S. military who JAG unlawfully charged lease termination fees of as much as $2,750 when the service members were required to move after receiving military orders, according to the Department of Justice.
Charging such fees is illegal under the Servicemembers Civil Relief Act, passed in 1940, which allows members of the armed forces to “terminate a residential lease without penalty upon entering into military service or upon receiving qualifying military orders,” Military Times reports.
As property manager of Jefferson Place, a 490-unit rental community in Mount Laurel, New Jersey, JAG Management demanded that…
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