Real estate News 01/2013
Former Campbell Real Estate Agent Accused in $1.2 Million Ponzi Scheme Tops ...
Former Campbell Real Estate Agent Accused in $1.2 Million Ponzi Scheme Tops ... (Jan 1, 2013, Patch.com)
2012: Michigander's Bring Home Gold, Real Estate Values Up, Tigers Beat ...
2012: Michigander's Bring Home Gold, Real Estate Values Up, Tigers Beat ... (Jan 1, 2013, CBS Local)
Real estate profile, Jan. 1, 2013
N.E. The 2,180-square-foot house, built in 1949, has three bedrooms, 1.75 bathrooms, two fireplaces and a deck on a 9,383-square-foot lot one block from the Burke-Gilman Trail. It's listed for $399,000. Photo: Courtesy Jan Snook/Windermere Real Estate ... (Jan 1, 2013, Seattle Post Intelligencer)
New York's Office Builders Raise Their Online Voices
In terms of marketing tone, the commercial real estate industry has long played the quiet cousin to the brasher residential business. While apartments are routinely sold using splashy, multifaceted ad campaigns, commercial brokers and developers have ... (Jan 1, 2013, New York Times)
Hong Kong real estate investors pursue parking spaces
And those are just the recorded sales. Jacinto Tong, head of Gale Well Group, a real estate investment firm, was offered $640,000 each for his two ground-floor parking spaces in an office building in the Wan Chai commercial district. He said he turned ... (Jan 1, 2013, Los Angeles Times)
It's a tenants' market in commercial real estate
The southwest metro area, the largest suburban office market, saw its vacancy rate dip in 2012 to 17.2 percent from 17.7 percent in 2011, according to preliminary figures from the commercial real estate firm Cushman & Wakefield/NorthMarq. Newer top ... (Jan 1, 2013, Minneapolis Star Tribune)
Tucson real estate update... time to buy new
The sale of these new homes should help re-vitalize the real estate market and eventually encourage those who have stayed away to put their houses back on the market. The average sale price for new homes in Southern Arizona is $255,000, up nearly ... (Jan 1, 2013, KVOA Tucson News)
California's commercial real estate market starting to stir
SACRAMENTO, Calif. -- Sacramento's long-depressed housing market started ticking up early last year. Now the commercial real estate market, which has suffered from plunging rents and soaring vacancies, is stirring as well. As with housing, players in ... (Jan 2, 2013, MiamiHerald.com (registration))
Turkey Real Estate Companies Fall on Home Taxes: Istanbul Mover
Turkey Real Estate Companies Fall on Home Taxes: Istanbul Mover. By Taylan Bilgic - 2013-01-02T13:30:29Z. Turkish real estate investment trusts slumped after the government raised value-added taxes on sales of new homes. Emlak Konut Gayrimenkul ... (Jan 2, 2013, Bloomberg)
HUNT Real Estate ERA Welcomes Amber Wesser
Wesser_Amber RISMEDIA, January 2, 2013–Buffalo-based HUNT Real Estate ERA recently hired Amber Wesser for the position of Business Development Manager for their Buffalo/Niagara region. Wesser brings a strong background in human resources and ... (Jan 2, 2013, RisMedia.com (press release))
New Investment Vehicles In China: Real Estate In 2013?
In a recent piece, I described the evolution of investment opportunities in the US: real estate, savings accounts, stocks/bonds/mutual funds, pensions, insurance, and on to ETFs, hedge and private equity funds. What will happen is China? Will ... (Jan 2, 2013, Seeking Alpha)
National commercial real estate firm acquires Tampa's CLW
Commercial real estate services provider Cassidy Turley has acquired Tampa's CLW Real Estate Services Group, officials at both firms have confirmed. The deal was closed late last week. An official announcement is expected later Wednesday. Cassidy ... (Jan 2, 2013, Tampa Bay Business Journal)
Nation's real estate shadow inventory falling, seen as manageable in 2013 - The Birmingham News
CoreLogic estimates the total by calculating the number of properties that are seriously delinquent, in foreclosure and held as real estate owned by mortgage servicers but not currently listed on multiple listing services. Nearly half the properties in ... (Jan 2, 2013, al.com (blog))
Real Estate News: REITs Gained in 2012 on Economy, Housing
REITs Gained in 2012 on Economy, Housing: Bolstered by a strengthening economy and improving housing market, real-estate stocks capped off 2012 with robust returns that outpaced the broader stock market. Towers of Speculation: Despite sluggish ... (Jan 2, 2013, Wall Street Journal (blog))
Palm Springs CA Real Estate Gets Top Billing From Upcoming Palm Springs ...
Palm Springs CA Real Estate Gets Top Billing From Upcoming Palm Springs ... (Jan 2, 2013, San Francisco Chronicle (press release))
BGC Partners buys Denver real-estate firm
Frederick Ross will merge with Newmark Grubb Knight Frank, a real-estate advisory unit of BGC Partners Inc. Jack Box, CEO and President of Frederick Ross, will become chairman for the Denver region of Newmark. Newmark Grubb Knight Frank is the ... (Jan 2, 2013, Businessweek)
House Hunting in ... Sicily
Sicily's real estate market, particularly for higher-end sales to international buyers, is still immature; international real estate agencies haven't established a presence, said Huw Beaugié, a founding director of Think Sicily, a villa rental agency ... (Jan 2, 2013, New York Times)
What You Get for ... $4 Million
... renovations. OUTDOOR SPACE: The lot is slightly over a third of an acre, with a landscaped Japanese garden, a pergola and a picnic area. TAXES: $25,585. CONTACT: Deborah Barry, Hammond Residential Real Estate, (617) 780-7083; hammondre.com ... (Jan 2, 2013, New York Times)
What They're Wearing at Halstead Property
Whether selling a studio apartment or a multimillion-dollar penthouse overlooking Central Park, the agents at Halstead Property aim for a professional, polished look that matches their clientele. The real-estate firm, headquartered at 499 Park Ave ... (Jan 2, 2013, Wall Street Journal (blog))
2013 Brought New Tax for Some Real-Estate Investors
While wealthy Americans were on pins and needles this week waiting to hear about tax hikes in the fiscal cliff deal, some real-estate investors already had their checkbooks open for Uncle Sam. Scores of people who receive rental income from properties ... (Jan 2, 2013, Wall Street Journal (blog))
Commercial real estate market 'bouncing along bottom'
Office construction likely will be limited in the new year because of a lack of pent-up demand, said Tom Capocefalo, corporate managing director with the Studley real estate firm in Fort Lauderdale. Still, Capocefalo expects some new distribution and ... (Jan 3, 2013, Sun-Sentinel)
Germans Favor Real Estate for Pensions, Survey Finds
The poll of 500 financial decision makers showed 85 percent consider real estate ownership as the most reliable investment, while 37 percent view so-called Riester saving plans as secure, the fund manager said in a summary of the findings today ... (Jan 3, 2013, Bloomberg)
InsideINdianaBusiness.com Report
INDIANAPOLIS, Ind. - Just four days before taking office, Governor-elect Mike Pence will speak at Cassidy Turley's The State of Real Estate event, the company announced today. Cassidy Turley, Central Indiana's largest commercial real estate brokerage ... (Jan 3, 2013, Inside INdiana Business (press release))
Real estate transfers: Jan. 7
Valerie Finch and Robert Finch to Robert Farkaly and Susanne Farkaly, in John O. Toole property, $520,000. Justin Morgan to George Holt and Debra Holt, in Cove at Turkey Creek subdivision, $508,800. Testerman Buckner Hardin Valley LLC to Joseph ... (Jan 3, 2013, Knoxville News Sentinel)
Inland Real Estate Corporation Announces Acquisition of Valparaiso Walk ...
Inland Real Estate Corporation Announces Acquisition of Valparaiso Walk ... (Jan 3, 2013, DailyFinance)
Manhattan's Brisk Year-End Real Estate Sales Belie Bad Economy, Not Good One
Alas, as is increasingly the case in the Manhattan real estate market and the city at large, the wealth was not spread out evenly when it came to end-of-the-year closings. The trophy market, while shining brightly, is something of a false beacon when ... (Jan 3, 2013, New York Observer)
Bullish on real estate market – Island brokers believe 'Happy New Year' in the ...
Bullish on real estate market – Island brokers believe 'Happy New Year' in the ... (Jan 3, 2013, Naples Daily News)
USAA Real Estate serving as investor on TGS headquarters in Houston
Crimson Real Estate Fund LP and the company's co-investment partner USAA Real Estate Co. have bought eight acres of land in west Houston on which to build a three-story office building for TGS-Nopec Geophysical Co. The building will consist of 97,500 ... (Jan 3, 2013, San Antonio Business Journal)
Mellits replaces Sklaroff as Ballard's real estate ace
Real estate lawyer Bart I. Mellits will succeed the man who hired him, Michael Sklaroff, as head of the 110-person, 11-city real estate department at well-connected Philadelphia-based law firm Ballard Spahr LLP, firm chairman Mark Stewart said in a ... (Jan 3, 2013, Philadelphia Inquirer (blog))
Dundee Real Estate Investment Trust Named Top 25 Dividend Stock With 5.83 ...
Dundee Real Estate Investment Trust Named Top 25 Dividend Stock With 5.83 ... (Jan 3, 2013, Forbes)
Real estate news about two properties in Las Colinas
The DMN's Steve Brown reports that KBS Real Estate Investment Trust III Inc. has agreed to purchase the 19-story Tower on Lake Carolyn for $46.3 million. California-based KBS disclosed its pending purchase of the tower in filings with the Securities ... (Jan 3, 2013, Dallas Morning News (blog))
Plaza Cos., USAA Real Estate sell center for $13M
Plaza Cos. and USAA Real Estate Co. today announced the sale of Arrowhead Professional Center III, a 71,521-square-foot medical office project at 18310 N. 79th Ave. in Glendale, for $13.25 million. Arrowhead Professional Center LLC, an entity formed by ... (Jan 3, 2013, Phoenix Business Journal)
Lakewood man pleads guilty in global real estate investment scheme - The Star-Ledger
Authorities had accused the 37-year-old Weinstein of preying on members of his own, close-knit Orthodox Jewish community, betraying the trust many instilled in him to obtain millions of dollars in investments by fabricating real estate deals. He ... (Jan 3, 2013, NJ.com)
New York real estate investor expands Lincoln Road presence
A New York real estate investment fund continued to expand its presence on Lincoln Road last month, purchasing three storefronts on the prime retail street. Thor Equities said Thursday that it closed last month on the purchase of 663, 665, and 667 ... (Jan 3, 2013, MiamiHerald.com (registration))
Sentencing in Florida real estate scam to continue Friday
An all-day sentencing hearing in Florida for a former Monroeville man convicted of fleecing affluent Pittsburghers in a series of real estate scams has ended for the day and will continue Friday in U.S. District Court in Fort Myers. The sentencing ... (Jan 3, 2013, Pittsburgh Post Gazette)
Atlanta's Best In Real Estate
Atlanta Business Chronicle is once again honoring the biggest real estate deals of the past year. The 14th annual Best In Real Estates Awards come on the heels of a much more active year for the region's commercial real estate market, especially for ... (Jan 3, 2013, Atlanta Business Chronicle (blog))
Will the Improving Real-Estate Market Spark Another Insurance Ad War?
Long overshadowed by the big-spending auto category, property-insurance advertising has started to grab some of the spotlight as marketers look to lure business amid the improving housing market. Measured media spending on homeowner and ... (Jan 4, 2013, AdAge.com)
Lovejoy Wharf to get public funds from Boston
BRA spokeswoman Susan Elsbree said Lovejoy Wharf is not eligible for tax increment financing because “it does not meet the threshold of bringing net new jobs to the state.” But the BRA designated the project as eligible for other financial assistance ... (Jan 4, 2013, Boston.com)
Commercial Real Estate: Looking for still more upside
After $6.1 billion worth of downtown real estate changed hands in 2012, it's likely that sales velocity will slow down as well. Tony Natsis, a partner with Allen Matkins, said he doesn't expect prices to keep escalating; nor does he expect them to fall ... (Jan 4, 2013, San Francisco Business Times)
Commercial Real Estate Hub
28 — when, according to public records, it sold the Landes apartments on Seattle's First Hill for just under $28.9 million. The 4-year-old ... Marc Stiles covers commercial real estate and government for the Puget Sound Business Journal. To continue ... (Jan 4, 2013, Puget Sound Business Journal)
Real estate: Residential and commercial sales likely to grow
And Pat Shea, president of Lyon Real Estate, predicts a 2.5 percent to 5 percent boost in sales of existing homes as appreciation brings more homeowners out of negative equity and into the ranks of sellers. Homebuilders, likewise, are fairly optimistic ... (Jan 4, 2013, Sacramento Business Journal)
Real estate rebounds as investors close in
Though the region's real estate market hasn't fully recovered, “in a general sense, Nashville is doing very well compared to ... Nevin Batiwalla covers real estate/development and regional economic development. To continue reading subscribe now ... (Jan 4, 2013, Nashville Business Journal)
Lots Of Real Estate Value At Assisted Living Concepts
An investment in Assisted Living (ALC) is a simple real estate play based on the company's owned assisted living facilities. This summer, after the former CEO was abruptly terminated, as well as an acquisition of leased facilities to quash a lawsuit ... (Jan 4, 2013, Seeking Alpha)
DC-Area Real Estate With Gyms: These Properties Will Help You Keep Your ...
DC-Area Real Estate With Gyms: These Properties Will Help You Keep Your ... (Jan 4, 2013, Huffington Post)
CBRE Group, Inc. Acquires Commercial Real Estate Services Businesses from ...
CBRE Group, Inc. Acquires Commercial Real Estate Services Businesses from ... (Jan 4, 2013, DailyFinance)
Indian Summer 2012 Real Estate Sales: 14 Olympia Golf Course Homes Sold
... with a median price point of $330,000. Real estate in Indian summer ranges from smaller, attached townhouse-style homes to moderately-sized new construction on the links, to large, luxurious custom homes on some of the best positions on the golf ... (Jan 4, 2013, Seattle Post Intelligencer (blog))
Why green labels boost real estate values
At least 35 percent of San Francisco's total commercial square-footage now bears a LEED and/or EnergyStar label, according to the U.S. Green Building Council. Extensive research on the financial impact of green labels in the commercial real estate ... (Jan 4, 2013, GreenBiz.com (blog))
PSU taps retired banker to lead Center for Real Estate
Remmers, former senior vice president for Wells Fargo Bank, started Jan. 1. The Center for Real Estate formed in 2004 and offers master's degrees and graduate certificates in real estate development as well as an undergraduate degree in real estate ... (Jan 4, 2013, Portland Business Journal (blog))
Real Estate Mutual Funds: Performance, Composition And Notes For The Retail ...
Real Estate Mutual Funds: Performance, Composition And Notes For The Retail ... (Jan 4, 2013, Seeking Alpha)
Russian real estate tycoon arrested in Cambodia for taking boatmen hostage
According to local police Polonsky, a real estate developer, who is believed to have business interests in Cambodia, and his two fellow travellers, Karachinsky, 24 years old, and Baglay, 25, were arrested on Monday. On Sunday the men allegedly ... (Jan 4, 2013, RT)