5% Dividend Yield From Postal Office Real Estate: Postal Realty (NYSE:PSTL)

Postal Realty Trust (PSTL) is an internally managed real estate investment trust (‘REIT’) that owns properties leased to the United States Postal Service (‘USPS’). The fragmented state of USPS properties makes PSTL an unlikely growth story with a hefty 5% dividend yield as a starting point. While the tenant concentration is a potential cause for concern, PSTL appears to be a worthy addition to any dividend growth portfolio.

Postal Office Real Estate

For those who are unfamiliar with postal office real estate, the USPS is a government entity whereas the underlying USPS properties are often privately owned. PSTL owns 666 such properties spread across 47 states, with a heavy concentration everywhere except the West coast:

(2020 Investor Presentation)

While it is tempting to put PSTL in the same league as triple net lease (‘NNN’) operators such as Realty Income (O), there are important distinctions to make. Typical NNN REITs like

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Little White House office highlights four homes

Ebby Halliday Realtors’ Little White House office is showcasing four homes, two of which will be held open this afternoon.

Served by the Highland Park Independent School District, the custom residence at 7908 Hanover St. (7908hanover.ebby.com) in University Park is offered for $1,699,000. It will be held open from 1 to 3 p.m.

This four-bedroom, 4½-bathroom home offers an open floor plan. A large family room with a woodburning fireplace opens to a kitchen with an island, custom cabinetry, a breakfast bar and a walk-in pantry. The primary suite has French doors that lead to the balcony. The backyard offers a covered patio, fireplace, built-in grill and pool. For additional details, contact Chris Hickman at 469-569-1106 or [email protected]

Located in Dallas’ Belmont neighborhood, the five-bedroom, 5½-bathroom home at 6032 Richmond Ave. (6032richmond.ebby.com) is offered for $1 million. It will be held open from 1 to 3 p.m.

The traditional-style residence

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Preston Keller office showcases three homes

Ebby Halliday Realtors’ Preston Keller office is highlighting three homes, one of which will be open for touring this afternoon.

Situated on a cul-de-sac in west Plano’s Lakeside on Preston neighborhood, the five-bedroom, 5½-bathroom residence at 5217 Lakecreek Court (5217lakecreek.ebby.com) is offered for $1,519,000. It will be held open from 1 to 3 p.m.

The traditional-style home has a covered front porch, landscaping and updated wood flooring throughout. The well-appointed kitchen provides a commercial-grade Viking range, stainless-steel appliances and two large pantries. The backyard features a saltwater pool, spa, cascading water feature and plentiful outdoor living space. Additional amenities include a guest suite, a library and a media room with an advanced audio-visual system.

For information, contact Mike Harvey at 214-704-3516 or [email protected] or Pamela Harvey at 214-415-1778 or [email protected]

Situated on a large lot in Far North Dallas’ gated and guarded Oakdale community, the Mediterranean-style contemporary home at 17628

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Real estate company opens new support center in Dauphin County; new office in Cumberland County

A real estate company has opened a new support center in Lower Paxton Township.

Coldwell Banker Residential Brokerage has opened the new center at 75 Shannon Road.

The new facility opened in August and relocated from Linglestown Road in Lower Paxton Township. The office features flat screen televisions, online transaction management systems, an on-site education center and more. The location will also enable training sessions to be broadcast to agents remotely.

“Agents have always served the communities in which they reside, and this location will allow us to better serve the agents who live and work in the Harrisburg region,” Tricia Como, sales director for the Harrisburg-area office said in a press release. “The agents in Harrisburg now have access to a high-tech, safe facility where they can receive focused administrative assistance, access to technology support and education.”

The office supports approximately 200 real estate agents.

The company has

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Bay Area office sublease space soars, firms retrench

SAN JOSE — The amount of office space available for sublease space has risen in the Bay Area — and has more than tripled in San -Francisco — an indication that work-from-home protocols amid the coronavirus may have prodded companies to rethink space needs.

Santa Clara County, the East Bay, and San Mateo County have all shown significant increases in sublease space, but San Francisco has earned the dubious distinction of suffering the largest increase by far in the Bay Area for the amount of space available for sublease, according to a new report from Cushman & Wakefield, a commercial real estate firm.

Significant increases in available sublease office space are a nationwide phenomenon but the difficulties are especially acute in the Bay Area, the Cushman & Wakefield report shows.

“The increase in sublease vacancy has been widespread, though one region has been hit the hardest: the San Francisco Bay

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Preston Center office highlights several homes

Ebby Halliday Realtors’ Preston Center office is spotlighting four homes.

The well-appointed transitional residence at 4611 Bobbitt Drive (4611bobbitt.ebby.com) in Dallas was completed in 2019. It is offered for $3.6 million. Situated on a landscaped lot, the home features five bedrooms, four bathrooms, two half-bathrooms, wood flooring, two fireplaces, spacious rooms and high-quality finishes throughout. The kitchen provides a large island, gas cooktop and dual dishwashers and is open to the dining and living areas.

The primary suite has a sitting area, a spacious closet and a bathroom with a walk-in dual shower. The second floor offers 2,600 square-feet of future living space ready to finish. Additional amenities include a pier-and-beam foundation, covered porches, gardens and a four-car garage. For more information, contact Esther Ferre at 972-567-7941 or [email protected]

Located in Dallas’ Devonshire neighborhood, the English Tudor-style residence at 5638 Stonegate Road (5638stonegate.ebby.com) is offered for $3.5 million. The home

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Great Falls Tribune office 38,000 square-foot building on River Drive up for sale

The Great Falls Tribune is listing its 38,000 square-foot building at 205 River Drive for sale.



a building that has a sign on a grassy field: The Great Falls Tribune office building at 205 River Drive is up for sale.


© Great Falls Tribune
The Great Falls Tribune office building at 205 River Drive is up for sale.

A real estate team from Gannett, the Tribune’s parent company, will handle the sale of the building just off the banks of the Missouri River near Broadwater Bay.

The Tribune’s newsroom and circulation staff will continue to be based in Great Falls.

With the shift of the printing operation to the Helena Independent Record, the Tribune will look to move into a leased space in Great Falls that is more accommodating to its current staff.

Stopping the presses: Remembering the rich history of printing Tribune in Great Falls

The Tribune moved into the River Drive location in 1979 after operating for more than 60 years in what is now the Cascade County Treasurer’s office at 2nd

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Office real estate back to normal, in 2025: Cushman & Wakefield

The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take five years, according to a new forecast from Cushman & Wakefield.

Global office vacancies will not return to their pre-Covid peak levels until 2025 and, in all, a net 215 million square feet of office vacancy will have been lost due to the pandemic, according to the outlook from one of the largest real estate services firms in the world. Between Q2 2020, when Covid-19 hit the U.S., and Q3 2021, the net negative office square feet damage will reach 95 million square feet, roughly 10 million square feet more than the financial crisis trough.  

The situation will be the worst in the West. During the financial crisis, Canada, Europe and the U.S. recorded a combined loss of 120.5 million

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Office real estate market will get back to pre-Covid level, in 2025: Cushman & Wakefield

  • The coronavirus hit to office space will surpass the financial crisis, with a net loss of up to 95 million square feet of unoccupied real estate from Q2 2020 to Q3 2021, according to a new forecast from Cushman & Wakefield.
  • The steepest level of vacancies will occur in the U.S., Canada and European countries in the coming years at a net negative level of over 200 million square feet.
  • The number of permanent remote workers, and hybrid workers, will increase over time, but population and economic growth, as well as concentration in knowledge-based work, should lead to a full recovery in the next decade.

Office vacancies won’t return to pre-Covid level until 2025: Study

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The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take

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the catastrophe of converting office blocks to homes

“I can’t work” says Katya. One reason she can’t work is that it takes her 40 minutes to walk to the nearest available school from her housing block in Harlow, Essex, and 40 minutes back, which means that she spends the best part of three hours every day ferrying her young children to and fro. Shops are also a long walk away, apart from a petrol station where you can buy milk and bread for above-average prices. She can’t afford broadband or the devices that access it. “We are really isolated.”

Her flat is small – “if you open the door you hit the bed” – freezing in winter, boiling in summer, and prone to mould. Being on the ground floor, she doesn’t dare open her windows at night. There have been drug dealing and knife fights in her block. There is “always shouting and arguing”, she says. “The children

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