Real estate News 03/2013
Tokyo Shares End Up As BOJ Easing Hopes Buoy Real Estate Shares
TOKYO--Tokyo stocks rallied to post a modest rise Friday, as brisk buying in real estate shares such as Sumitomo Realty & Development and Mitsubishi Estate enabled the market to overcome profit-taking in traditional heavyweights such as Softbank and ... (Feb 28, 2013, Wall Street Journal)
Everything is beautiful in real estate listings
We know this because a recent analysis of the words that showed up in hundreds of thousands of real estate listings in 2012 suggests that all over the country "hardwood floors" (and its marketing cliche cousin, "gleaming hardwood floors"), is the ... (Mar 1, 2013, Chicago Tribune)
Selling Your House? Choose Your Words Carefully
Certain phrases pop up again and again in real estate listings, and these keywords offer a good indication of the prices a property will command. A listing promising a “once-in-a-lifetime opportunity,” for instance, has an average price of $3.4 million ... (Mar 1, 2013, TIME)
Is the real estate bidding war back?
Some home sellers are getting multiple bids from buyers, another sign the real estate market has turned a corner from the dark days of the recession. Gerry Magoolaghan, an agent at Falvey Real Estate Group in Albany, was involved in a recent bidding ... (Mar 1, 2013, The Business Review (Albany) (blog))
Ask a real estate pro: How to deal with a reluctant seller
A: Your situation is fairly common, and I am not the first real estate professional to remind a buyer that “you're buying the house and not the seller.” Maybe the sellers are having second thoughts, becoming emotionally attached to the home they raised ... (Mar 1, 2013, Sun-Sentinel (blog))
Real estate company in Laguna Terrace deal
A Chicago-based private real estate company that specializes in manufactured housing is in escrow to purchase the Laguna Terrace Park, according to a broker familiar with the transaction. Hometown America Communities is "undergoing customary due ... (Mar 1, 2013, Coastline Pilot)
Inovalis Real Estate Investment Trust Files Preliminary Prospectus for Initial ...
Inovalis Real Estate Investment Trust Files Preliminary Prospectus for Initial ... (Mar 1, 2013, The Herald | HeraldOnline.com)
Xinyuan Real Estate Corporation Could Be The Next 5 To 10 Bagger
I came across Xinyuan Real Estate Corporation(XIN) earlier today while looking for growth stocks set for large returns. At first glance, I thought that Finviz.com had mistyped its price to earnings when I saw that XIN's P/E was 2.64. How could it be ... (Mar 1, 2013, Seeking Alpha)
Manhattan Real Estate Woes: Did JCP's Failings Force Out Vornado's CEO?
Just about a month ago I wrote a Forbes.com article, Picking An Intelligent REIT With Ownership Orientation, in which I described the reasons that “intelligent real estate investors” should allocate capital in high-quality real estate—or properties ... (Mar 1, 2013, Forbes)
Q & A
A Rosemary Liuzzo Mohamed, a Manhattan real estate lawyer, says that each lender has its own requirements, but that most traditional loans require a “functioning kitchen.” By that definition, the space would need cabinetry, some sort of countertop, ... (Mar 1, 2013, New York Times)
Slideshow: 2013 Best in Atlanta Real Estate Awards
Hundreds of Atlanta commercial real estate executives jammed The Fox Theatre's Egyptian Ballroom on the evening of Feb. 28 for Atlanta Business Chronicle's 2013 Best In Atlanta Real Estate Awards. The event honored the top real estate developments in ... (Mar 1, 2013, Atlanta Business Chronicle)
PMR Companies owner forms commercial real estate brokerage
She and Javan Montgomery, a commercial real estate veteran, formed PMR Real Estate Brokerage LLC last fall so that Charlton's companies could handle real estate transactions from start to finish, Montgomery said. Louisville-based PMR Companies ... (Mar 1, 2013, Business First of Louisville)
Top of the List: residential real estate firms
1 print edition of Albuquerque Business First to see statistics illustrating the Internet's role in helping first-time home buyers find what they're looking for, as well as the top five most-downloaded residential real estate apps for your smartphone ... (Mar 1, 2013, Albuquerque Business First (blog))
Real Estate course available online
VALPARAISO | Century 21 Alliance Group has launched a new online real estate educational program featuring pre-licensing, broker transition and continuing education courses. With this new education portal, those interested in a career in real estate ... (Mar 1, 2013, nwitimes.com)
Onetime actor finds starring role in real estate
The gig: Nick Segal is president and a founding partner of real estate brokerage Partners Trust, which specializes in the high-end, luxury markets of the Southland. It's his latest endeavor in a real estate career that has spanned decades and included ... (Mar 1, 2013, Los Angeles Times)
Real Estate At A Glance: Summit County land sales
Real estate fact of the week. $481,200 ... average sale price for land in January of 2013 $229,800 ... average sale price for land in January of 2012. Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485 ... (Mar 1, 2013, Summit Daily News)
Rich Assets, Cheap Shares
Forestar Group boasts a rich portfolio of assets and businesses, including 136,000 acres of real estate, mostly in Texas; 752,000 acres of oil and gas properties; 1.5 million acres of water rights; and 275,000 acres of timberland. Yet the company ... (Mar 2, 2013, Barron's)
Report: New Canaan Real Estate Market Improves
Things are looking up in the New Canaan's residential real estate market. Home sales took a turn for the better in 2012, according to a recent report in New Canaan-Darien Magazine, which reported 222 sales of single-family homes, based on data analyzed ... (Mar 2, 2013, Patch.com)
Property Trax: Top Madison-area commercial real estate deals of 2012 ...
Property Trax: Top Madison-area commercial real estate deals of 2012 ... (Mar 2, 2013, Wisconsin State Journal)
Sonoma Co. real estate agent held in fatal hit-run
On Friday, a Santa Rosa law firm contacted police on behalf of Heath, who works as a real estate agent. Heath's attorney told officers that the vehicle from the crash would be found at Heath's home, authorities said. Investigators went to Heath's home ... (Mar 2, 2013, San Francisco Chronicle)
Top 5: Crime, Real Estate, Drug Charges, 'Leidos' and More
One thing's for sure—McLean Patch readers have a special interest in local crime reports, restaurant inspections and real estate. Aside from those weekly features, here are some of the top stories (by pageviews) on McLean Patch in February: McLean ... (Mar 2, 2013, Patch.com)
Real Estate Transactions
These real estate transfers were recorded in Ashland County between Feb. 15 and Feb. 21. 1016 Cooper Drive, Ashland, Dale F. and Judith A. White, to Jon C. Obrecht, $162,000. 220 Diamond St., Ashland, Jeff L. and Michelle Anderson by Sheriff E. Wayne ... (Mar 2, 2013, Mansfield News Journal)
Asheville area real estate people
ASHEVILLE – Carolina Mountain Sales launched a new mobile application, Asheville Real Estate. The app is a free download for iPhone or Android and is available in the Apple App Store and Android Market. Access all of Western North Carolina's homes ... (Mar 2, 2013, Asheville Citizen-Times)
Real estate transfers for Sunday, March 3, 2013
Gregory D. Mieden and Clarence R. Newberry to One Done Real Estate LLC, 2122 Wood St. Christina R. and Nicholas R. Hotchkiss to Laurel A. Bowers, 1029 Redfield St., $89,900. Judith K. and Keith R. Powell to Shawn R. and Andrea S. Powell and Krista ... (Mar 2, 2013, La Crosse Tribune)
Chris Stephens: Commercial real estate produces lots of jobs in city
Next time you're driving around town, take a moment to notice all the commercial buildings. Commercial real estate is a huge piece of the local economy. By commercial real estate, I mean all the office, warehouse, retail and multifamily buildings, from ... (Mar 3, 2013, Anchorage Daily News)
Southwest Florida real estate briefs
Real Estate I: Naples trends and recent market statistics; the best way to buy/sell real estate in today's market; what is the true value of a home; how appraisals effect your sale. Learn how to buy short sales, save on homeowners insurance ... (Mar 3, 2013, Naples Daily News)
Boston humming as appeal of life in city booms
The Boston real estate market is one of the strongest in the country, according to the Urban Land Institute, in part because of its strong housing market and the medical and technology companies who want to be near its population of highly educated 20 ... (Mar 3, 2013, Boston.com)
Real Estate Transactions for Hampden, Hampshire and Franklin Counties March ...
Real Estate Transactions for Hampden, Hampshire and Franklin Counties March ... (Mar 3, 2013, MassLive.com)
Q&A: Don Saba on appraising mansions
Veteran real estate appraiser Don Saba, who has spent his career valuing luxury properties in the Sarasot a market, spoke recently with real estate editor Harold Bubil to discuss the recent sale of a $10 million waterfront mansion – the No. 5 house ... (Mar 3, 2013, Sarasota Herald-Tribune (blog))
Denver Man Making His Mark In Real Estate And Charity Donations -
CBS4 and the Denver Business Journal are teaming up to profile companies that are “Making Their Mark” in Colorado communities. DENVER (CBS4) – CBS4′s Gloria Neal spent some time with a man making his mark with deals in downtown real estate ... (Mar 3, 2013)
Japan stocks rise, with real estate leading gains
LOS ANGELES (MarketWatch) -- Japanese stocks punched higher in early Monday trade, with reflationary hopes sending the yen lower over the weekend, while real-estate shares extended their rally from the end of the previous week. The Nikkei Stock ... (Mar 3, 2013, MarketWatch)
REAL ESTATE PEOPLE
The Connecticut native began her real estate career with Arvida in the late 1980s, working as rental manager and owner liaison at the Longboat Key Club. Rosenberg is a former civics, economics and history teacher. She has a bachelor's degree in ... (Mar 3, 2013, Sarasota Herald-Tribune)
Tokyo Shares End Up As BOJ Easing Hopes Lift Real Estate Shares
TOKYO--Tokyo stocks rose to a new 2013 high Monday as continuing hopes for central bank easing measures stoked enthusiasm for financials such as Daiwa Securities Group, as well as shares of firms with large property-based assets such as Sumitomo ... (Mar 3, 2013, Wall Street Journal)
State Senate Republicans and Real Estate Board of New York Big Backers Of ...
State Senate Republicans and Real Estate Board of New York Big Backers Of ... (Mar 4, 2013, New York Daily News (blog))
Steinmetz Real Estate Hires RREEF's Papachristophorou
BSG Real Estate, a unit of the Beny Steinmetz Foundation, is raising funds as European nations including Greece, Spain and Italy strive to attract real estate investors to help cut debt. The euro region's recession, which deepened in the fourth quarter ... (Mar 4, 2013, Bloomberg)
Berlin Wall Real Estate Project Halted Amid Public Protests
Living Bauhaus, a German real estate investor, halted a residential project involving the removal of parts of the Berlin Wall after a public outcry over the impact of gentrification on the German capital's Cold War legacy. Berlin Mayor Klaus Wowereit ... (Mar 4, 2013, Bloomberg)
Zhang Xin: China's real estate mogul
The enormous unrest that could befall China given the magnitude of its own residential real estate bubble could get very nasty, I hope and pray Zhang Xin's exuberance will not be her undoing. Tank Man1989 meet Tank Woman2013. Reply to this comment ... (Mar 4, 2013, CBS News)
Tokyo Reversing Slide in Office Rentals: Real Estate
Tokyo's office market is showing signs of recovery after a two-decade decline, prompting companies such as Apple Inc. and Morgan Stanley to relocate before rents rise and vacancies fall. Real estate broker Jones Lang LaSalle Inc. and Barclays Plc are ... (Mar 4, 2013, Bloomberg)
The 'Yet-to-be-Named' Real Estate Bubble
Pertaining to real estate, just three banks [Wells Fargo (WFC), Bank of America (BAC) and Chase (JPKCZ.OB)] now control over 50% of all mortgage originations. Wells alone is one third of the mortgage market. I cannot imagine the Fed allowing any of ... (Mar 4, 2013, Seeking Alpha)
How Facebook Graph Search will change real estate
As Facebook continues to roll out Graph Search, some marketing experts are saying that the potentially revolutionary search engine may prove to be a valuable tool to real estate professionals who use social media for marketing purposes. The feature ... (Mar 4, 2013, Inman.com)
Real Estate News: Regulators Feel Heat on Foreclosure Pact
Eye on Shaping the Skyline: Michael Stern, the 33-year-old developer who has been involved in about a half dozen New York projects since 2008, hopes to join the list of real-estate investors who came out of nowhere to amass mighty Manhattan property ... (Mar 4, 2013, Wall Street Journal (blog))
Why Xinyuan Real Estate Shares Tumbled
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of Xinyuan Real Estate (NYSE: XIN ) , a residential real ... (Mar 4, 2013, Motley Fool)
Triangle real estate market rebounding
I would say the first quarter of this year, we're going to have double-digit percentage increases in sales and decreases in inventory," offered real estate appraiser Stacey Andfindsen. But builders say even though there's a boom, finding a home might ... (Mar 4, 2013, abc11.com)
CityRealty Revamps Real Estate Site; Hopes To Dominate Increasingly ...
CityRealty Revamps Real Estate Site; Hopes To Dominate Increasingly ... (Mar 4, 2013, New York Observer)
China Real Estate Stars Hit Headwinds
Chinese property stocks fell sharply Monday and the three companies dropped right in line with the sector. Poly Real Estate Group plummeted 10%, the maximum allowed for one day. China Vanke was down 6.1% and Longfor Properties, 5.5%. The Fab 50 is ... (Mar 4, 2013, Forbes)
More homeowners re-entering real estate market
home tour inventory Paula Strange, an agent with Windermere Real Estate, shows a Lake Oswego property during an open house Monday for other Windermere brokers. More Portland-area homeowners are trying to sell their homes in the early months of ... (Mar 4, 2013, OregonLive.com)
Tucson real estate: Sales, leases
El Rio Community Health Centers leased 4,600 square feet at 210 W. Fifth St., Suites 4 and 6, from Rich Rodgers Investment Inc. Brandon Rodgers of Picor Commercial Real Estate Services represented the landlord. James Hardman of Desco Southwest ... (Mar 4, 2013, Arizona Daily Star)
USAA names new leader for Eagle Real Estate Fund
Motamedian also serves as a trustee for the Urban Land Institute – a global consortium of real estate professionals who support the creation of sustainable communities. “(Motamedian) brings great experience and energy, and will add extraordinary depth ... (Mar 4, 2013, San Antonio Business Journal (blog))
China Tries To Pop Real Estate Bubble. What Could Go Wrong? Seven And A ...
China Tries To Pop Real Estate Bubble. What Could Go Wrong? Seven And A ... (Mar 5, 2013, Huffington Post)
Succession Planning: How Real Estate Dynasties Pass the Torch
When it comes to succession plans, real estate insiders start reading the tea leaves early. After Martin Burger was tapped as Silverstein Properties' co-chief executive in December 2011, Mr. Burger told The Commercial Observer that the company's ... (Mar 5, 2013, Commercial Observer)