Real estate News 11/2012
Apple's real estate footprint grew 31 percent in a year
Apple's real real-estate news, however, is yet to come. That will be when it gets going on a 2.8 million-square-foot, circular corporate campus in its home base of Cupertino. Nathan Donato-Weinstein covers commercial real estate and transportation for ... (Nov 1, 2012, Bizjournals.com (blog))
AIG Cuts Wall Street Reliance With Real Estate: Mortgages
The insurer boosted real estate bets this year by buying back mortgage bonds assumed by the Federal Reserve Bank of New York in the insurer's 2008 bailout. Benmosche, the CEO since 2009, is increasing direct lending, investments in rental properties ... (Nov 1, 2012, Businessweek)
Fed Says Banks Saw Rising Demand for Auto and Real-Estate Loans
Oct. 31 (Bloomberg) -- Banks in the U.S. reported stronger demand for auto loans and commercial and residential mortgages during the third quarter, according to a Federal Reserve survey. The Fed described the share of banks reporting increased demand ... (Nov 1, 2012, San Francisco Chronicle)
Charleston real estate market improving
Real estate, construction and architecture firms might have put the worst of the recession behind them but that doesn't mean they are in the clear yet. A panel of industry experts addressed the market, the future of their fields and how real estate ... (Nov 1, 2012, Charleston Regional Business)
Real Estate firm CBRE Group names new leader for Pittsburgh office
One of the biggest real estate firms in Pittsburgh will be undergoing a change of leadership next year. After more than 15 years at the helm, Jack Norris will retire as market leader of CBRE Group in Pittsburgh at the end of March. He will be replaced ... (Nov 1, 2012, Pittsburgh Post Gazette)
Tokyo Shares End Higher on Weak Yen, Real Estate Share Rally
By Brad Frischkorn. TOKYO--Tokyo stocks rose Friday as a weak yen, combined with strong buying in Mitsui Fudosan and other real estate-related shares easily overcame poor earnings-related sell pressure on Sharp, Nikon, and Ibiden. The Nikkei Stock ... (Nov 2, 2012, Wall Street Journal)
Real Estate Litigator David C. Bolstad Joins the Los Angeles Law Firm Safarian ...
Real Estate Litigator David C. Bolstad Joins the Los Angeles Law Firm Safarian ... (Nov 2, 2012, Sacramento Bee)
BTB Real Estate Investment Trust announces the purchase of a 50% interest in ...
BTB Real Estate Investment Trust announces the purchase of a 50% interest in ... (Nov 2, 2012, Sacramento Bee)
Xinyuan Real Estate Co., Ltd. Announces Participation in the Bank of America ...
Xinyuan Real Estate Co., Ltd. Announces Participation in the Bank of America ... (Nov 2, 2012, Sacramento Bee)
Top 5: Largest local construction, real estate law firms
Land use, zoning, construction disputes, eminent domain and real estate litigation are just a sampling of the construction and real estate specialties rendered by this week's list of Central Florida's largest construction and real estate law firms ... (Nov 2, 2012, Bizjournals.com (blog))
Pacific Union Real Estate Professional to Achieve Elite Running Record
SAN FRANCISCO, Nov. 2, 2012 -- /PRNewswire/ -- Mike Fanelli, a real estate professional with Pacific Union International in the San Francisco Bay Area, is about to claim an achievement that few other competitive runners can match: a lifetime tally of ... (Nov 2, 2012, Sacramento Bee)
Commercial real estate listings
A joint venture of Stacy McVey and N3 Real Estate bought a 1.65-acre tract at the southwest corner of FM 1709 and Nolen in Southlake for the construction of a new retail development project anchored by Starbucks. Dusty Renfro of Gridiron Capital ... (Nov 2, 2012, Dallas Morning News)
Families unite to play real-estate market
Globally, 82% of family offices that invest in real estate purchase actual properties, rather than solely investing in real-estate funds, according to Preqin, an alternative-asset data provider. That is slightly up from a year ago. Numbers are scarce ... (Nov 2, 2012, MarketWatch)
Alexandria Real Estate Equities, Inc. Reports Minimal Disruption in New York ...
Alexandria Real Estate Equities, Inc. Reports Minimal Disruption in New York ... (Nov 2, 2012, Sacramento Bee)
REAL ESTATE: Popularity can soar with e-spun “Memory Books”
But for real estate professionals who embrace Facebook, LinkedIn and other social media, it's a liberating and free-spirited way to bring clients closer to you. Here's a wonderful example from Inland area Realtor Sonja Haro, who uses iPad and ... (Nov 2, 2012, Press-Enterprise (blog))
Real Estate Tycoon Lists Two Estates for $78 Million Each
That's the tact commercial real estate mogul Don Abbey, founder of The Abbey Co., has decided to take for his twin estates of opulence and glory. Bradbury, CA Estate: Abbey has listed his 8-acre, 34,000-square-foot Bradbury, CA estate at 172 Bliss ... (Nov 2, 2012, Forbes)
Q & A
A Adam Leitman Bailey, a Manhattan real estate lawyer, says the writer is asking about rent increases on what the rent laws call “ancillary services.” These include garage, laundry and recreational facilities. The Rent Guideline Order that allows for ... (Nov 2, 2012, New York Times)
REAL ESTATE: Montecastro talks “competency” in pre-trial motion
All bets are off on whether the Riverside County Superior Court trial of Hendrix “Az” Montecastro and his mother, Helen Pedrino, who are defending themselves in a $142 million real estate and securities fraud case, will take three-months. Even as ... (Nov 2, 2012, Press-Enterprise (blog))
This week in Real Estate
Good news first: 75.1% of 25- to 34-year-olds were employed in October, up from 74.9% in September and 73.6% in October 2011, said Jed Kolko, chief economist for the real-estate website Trulia. The unemployment rate for this group was 8.3% in October, ... (Nov 3, 2012, MarketWatch)
Bolton residential real estate market making slow but steady recovery
Local realtors have observed a steady increase in activity as the number of properties listed and sold in Bolton slowly creep back up to pre-2008 levels. However, property prices are recovering slowly, making Bolton's housing market a dynamic, buyer ... (Nov 3, 2012, Wicked Local)
HGTV to show Montgomery, Ala., real estate market
(AP) — An Auburn Montgomery professor is about to help the nation get an education on the Montgomery-area real estate market with the help of the HGTV show "House Hunters." A local real estate agent who will be featured on the show thinks viewers will ... (Nov 3, 2012, The Decatur Daily)
Real estate market turns a corner
Though Flathead Valley real estate prices may be rising only slightly, the number of real estate transactions has gone up dramatically. “Everything is selling more, at least in my sector,” said David Fetveit, a broker with Trails West Real Estate ... (Nov 3, 2012, Daily Inter Lake)
Upcoming real estate events
Real estate investing seminar: "Find buyers before you buy the house to flip" presented by Louis Brown, who has been doing this since 1977. Sponsored by Real Estate Investors Assoc. of Oakland , 5:30-9:30 p.m. Thursday, at Club Venetian, 29310 John R ... (Nov 3, 2012, Detroit Free Press)
Real Estate Transfers - 11/4
Sarah Williams estate, Stephen Williams, administrator, Trudy Akers, administrator, and Sherry Garnett to Alvin Wheeler and Judy Wheeler, in Inverness subdivision, $335,000. Veronika Passovets and Igor Jouline to Roger Pawlowski and Holly Pawlowski, ... (Nov 4, 2012, Knoxville News Sentinel)
Real Estate Forclosures - 11/4
Michael Fitzpatrick, trustee, Gary Wilson estate, Karen Carr estate and John Carr estate, to Travis Forrester and Mary Forrester, in Hillshire of Whittington Creek subdivision, $490,200. Mantenn LLC, substitute trustee, to Deutsche Bank and Morgan ... (Nov 4, 2012, Knoxville News Sentinel)
Real estate at the Shore: Opportunities likely - The Star-Ledger
Andrew Mills/The Star-Ledger. It may be hard to believe after seeing the pictures of devastation at the Jersey Shore, but the real estate market there may present opportunities, say industry observers. Walter Molony, a spokesman for the National ... (Nov 4, 2012, NJ.com)
Tenants Finding It Hard to Meet Obligations - Bard Real Estate
A high number of tenants are failing to meet their obligations, a development that has impacted negatively on the property market, according to a report by a real estate firm. In its mid-year 2012 property market report, Bard Real Estate noted that the ... (Nov 4, 2012, AllAfrica.com)
REAL ESTATE: CAR study: Low inventory no Urban Legend
Lower priced homes, think REO (real-estate owned) or short sales, drew more offers than straight-up sales. Seven out of 10 REOs and short sales attracted multiple offers; equity sales, more than one. Here are some additional nuggets from the report: ... (Nov 4, 2012, Press-Enterprise (blog))
The Motley Fool | REITs can be called real-estate mutual funds
Corporations or trusts that qualify as REITs typically don't pay corporate income tax and often are exempt from state income tax as well. They must invest most of their assets in real estate and pay out at least 90 percent of their taxable income as ... (Nov 4, 2012, Columbus Dispatch)
Real-estate dealmakers spurred by 'fiscal cliff'
It's the biggest real-estate transaction in a year of big deals for Seattle. Just how big a role is the capital-gains question playing in the surge in investment sales? “It's a factor,” said Greg Johnson, president of Seattle developer Wright Runstad ... (Nov 4, 2012, The Seattle Times)
Swiss Property Market Edges into Risk Zone in 3Q -UBS Index
The Swiss Real Estate Bubble Index rebounded in the three months through to September, climbing to 1.02 from 0.82 in the second quarter, pushing it above the level of 1.0, which is considered the threshold for risk emergence in the housing market, said ... (Nov 5, 2012, Fox Business)
3 Ways To Short The Canadian Real Estate Market
Since the year 2000, approximately, Canada's real estate market has been one of the best performing asset classes on the planet. The average price across the country has risen from approximately $150,000 in 2000 to over $350,000 today, a compounded ... (Nov 5, 2012, Seeking Alpha)
Local real estate data shows market stabilizing
The overall trend in the local real estate market has industry watchers hopeful for a turnaround, even as the market digests a wave of foreclosures entering the market over the last year. Real estate market data provided by the Greater Scranton Board ... (Nov 5, 2012, Citizens Voice)
Century 21 China Real Estate to Report Third Quarter 2012 Financial Results on ...
Century 21 China Real Estate to Report Third Quarter 2012 Financial Results on ... (Nov 5, 2012, Sacramento Bee)
Inland Real Estate Corporation Announces Grand Opening of Whole Foods ...
Inland Real Estate Corporation Announces Grand Opening of Whole Foods ... (Nov 5, 2012, DailyFinance)
5 Smart moves for first-time homebuyers
For real estate sales professionals, you should get referrals for a full-time agent or broker who sells at least five or more properties per year and is well-educated on the process and location where you plan to live. You should call references, check ... (Nov 5, 2012, Fox News)
Xinyuan Real Estate Co., Ltd. to Report Third Quarter 2012 Financial Results ...
Xinyuan Real Estate Co., Ltd. to Report Third Quarter 2012 Financial Results ... (Nov 5, 2012, Sacramento Bee)
Real Estate > Jersey shore house virtually unharmed by hurricane sandy
... Tips for Spring · The Best Holiday Home Improvements · Housing Market 2011 Forecast: The Frequent Buyer · Videos · My Next Move · What Works Now · Inside Look · About Us · Real Estate > Jersey shore house virtually unharmed by hurricane sandy ... (Nov 5, 2012, AOL Real Estate (blog))
Real estate leaders to reveal 'Market Discipline' lessons at Schulich
5, 2012 /CNW/ - Canada's top real estate leaders will reveal personal and leadership attributes that have shaped Canada's uniquely resilient industry in the wake of the worst financial crisis since the Great Depression at a Nov. 6 panel discussion at ... (Nov 5, 2012, Sacramento Bee)
Prudential Global Real Estate Corp. and Global Capital & Financial Corp ...
Prudential Global Real Estate Corp. and Global Capital & Financial Corp ... (Nov 5, 2012, Sacramento Bee)
Real Estate Site Zillow Just Beats Analyst Estimates - Tops 1 Billion Mobile ...
Real Estate Site Zillow Just Beats Analyst Estimates - Tops 1 Billion Mobile ... (Nov 5, 2012, Seeking Alpha)
Lawrence Real Estate in Mansfield Center, Connecticut Adds U-Haul Rentals
Lawrence Real Estate can now offer its customers a variety of moving equipment and supplies designed specifically for moving household furnishings, including moving vans, open trailers, closed trailers, furniture pads, appliance dollies, furniture ... (Nov 6, 2012, Sacramento Bee)
RioCan Real Estate Investment Trust Announces Record Operating FFO Per ...
RioCan Real Estate Investment Trust Announces Record Operating FFO Per ... (Nov 6, 2012, iStockAnalyst)
Real Estate: Out Of Whack
I have previously stated that real estate is very slow moving and predictable. Specifically, I am referring to single family residential housing. I would now like to retract that statement. The real estate market is totally out of whack and ... (Nov 6, 2012, Seeking Alpha)
Top Real Estate Brokerage Partners With Trulia to Reach Home Buyers in ...
Top Real Estate Brokerage Partners With Trulia to Reach Home Buyers in ... (Nov 6, 2012, The Herald | HeraldOnline.com)
Real Estate Law Center P.C. Levels the Playing Field Between Distressed ...
Real Estate Law Center P.C. Levels the Playing Field Between Distressed ... (Nov 6, 2012, Sacramento Bee)
John Abbate, Pro-Life McDonald's Franchisee/Real-Estate Developer, Blocks ...
John Abbate, Pro-Life McDonald's Franchisee/Real-Estate Developer, Blocks ... (Nov 6, 2012, Huffington Post)
REAL ESTATE: CoreLogic notes 5.3% home price gain
It's become a repetitive headline that is making homeowners and real estate professionals breathing a little easier these days: Home Prices in Riverside-San Bernardino-Ontario Increase. CoreLogic, in its newest report, noted a 5.2 percent increase in ... (Nov 6, 2012, Press-Enterprise (blog))
NorthWest Healthcare Properties Real Estate Investment Trust announces ...
NorthWest Healthcare Properties Real Estate Investment Trust announces ... (Nov 6, 2012, Sacramento Bee)
Real Estate Matters
Nancy MacLeod has run an independent boutique real estate firm, Homes2Buy.com, since 1999. She was named Palo Alto Realtor of the Year in 2011. She can be reached at [email protected] or 650-888-5276. Are you receiving Express, our free ... (Nov 6, 2012, Palo Alto Online)