Real estate News 05/2013
Virginia real estate in transition
What kind of legal options are there if you want to keep the family farm? How does one navigate real estate deals in chaos? And what will banking look like in the next 20 years when some people in their 20s haven't been inside a bank branch? Speakers ... (Apr 30, 2013, Richmond Times Dispatch)
The Real Estate Story: From Bust to Boom
SACRAMENTO (CBS13) — Signs of life are finally showing in the housing market, and some construction companies are hiring again. But the challenge now is finding skilled workers—workers that left the industry in the hundreds of thousands when the ... (Apr 30, 2013, CBS Local)
Real estate investors sometimes have to walk away from a bad deal
Real estate investor Justin Pierce writes an occasional column about his experiences buying and selling houses in the Washington area. I have written before about how persistence is critical to success in real estate investing. But sometimes it's wise ... (May 1, 2013, Washington Post (blog))
Foreign Investment: A Stealthy Driver Of U.S. Real Estate
Real estate is recovering nationally and surging in many U.S. markets. The key drivers of this recovery have been strong measures of investment performance, low and decreasing supply, affordability, favorable interest rates on financing, and last, but ... (May 1, 2013, Seeking Alpha)
Luxury Real Estate Developers Salivate As the Rich Get Richer
While this might make New Yorkers who don't number among the financial elite fret over things like the city's growing income gap, affordable housing and public education, the developers of luxury real estate developers are totally stoked. These are ... (May 1, 2013, New York Observer)
Miami Real Estate Returns
Despite its role as an epicenter of the real estate bubble burst in 2008, Miami's housing and condo market have returned with a bang in 2013. Due in large part to Latin American investors looking for a safe investment, in February, the housing market ... (May 1, 2013, Daily Beast)
Real Estate News: Housing Market Accelerates
Deal of the Week: Saving Affordable Housing: An apartment complex in suburban Chicago was saved from the clutches of gentrification by a private real-estate investment trust formed to buy and protect affordable housing. Landmark Building Owner Trusts ... (May 1, 2013, Wall Street Journal (blog))
What You Get for ... $5.9 Million
PACIFIC PALISADES, CALIF. Multimedia. Slide Show · Properties for $5.9 Million · Real Estate Twitter Logo. Connect With Us on Twitter. For news and features on real estate, follow @nytrealestate. WHAT: An 8-bedroom 10-bath house. HOW MUCH: ... (May 1, 2013, New York Times)
House Hunting in ... London
But since then they have rebounded to their highest levels ever, changing the house-hunting patterns of buyers, particularly foreign ones, said Michael Hodgson, of the real estate brokerage Douglas & Gordon of London. International buyers used to focus ... (May 1, 2013, New York Times)
LAH Real Estate opens new office in Hoover
Lawrence Arendall Humphries Real Estate Inc. Wednesday announced the opening of a branch office in Hoover. It is the third local office location for LAH, joining its existing branches in Mountain Brook and Homewood. "The City of Hoover, like many of ... (May 1, 2013, Birmingham Business Journal)
Dubai Developers Luring Individuals With Hotel Boom: Real Estate
The sheikhdom is still recovering from a speculation-driven real estate crash that caused property values to fall more than 65 percent. Damac purchased land and began work on the Damac Towers by Paramount project this year and plans to sell 1,000 ... (May 1, 2013, Businessweek)
Top 5 Best Performing Real Estate Mutual Funds Year to Date
For investors looking to park their funds in the real estate sector, mutual funds are the most cheapest and convenient method. This category of funds also offers superior protection against inflation. The real estate sector has seen tough times ... (May 1, 2013, Zacks.com)
Six of the Worst Real Estate Investments
As any experienced real estate investor will tell you, not all investment properties are created equal. Homes that might be perfect for a primary residence, for example, might not yield positive cash flows — and without positive cash flows, you're ... (May 1, 2013, Forbes)
The Five: When to appeal the tax appraisal of commercial real estate
A local expert provides five recommendations on a topic useful to small business owners. This week, tax expert Rick Kurz talked to staff writer Hanah Cho about five things to consider when appealing the tax appraisal of your commercial real estate ... (May 1, 2013, Dallas Morning News)
Audit critical of city's real estate recordkeeping
The city of Austin lacks a centralized inventory of city-owned property, while its records of real estate transactions have been incomplete, leading to erroneous financial data, an audit of the city's Office of Real Estate Services determined ... (May 1, 2013, Austin Business Journal (blog))
The Real Estate Story: Not Buying It
The family you're about to meet thought it would take them six months to find their perfect place. Their search has now hit the two year mark and now, they're changing up their game plan. In this rapidly changing housing market, Kimberly Escobedo's ... (May 1, 2013, CBS Local)
Zale Names Richard Golden as Senior Vice President of Real Estate
DALLAS--(BUSINESS WIRE)-- Zale Corporation (NYS: ZLC) announced today that Richard Golden has been appointed senior vice president of real estate. In this role, Mr. Golden will have overall responsibility for the company's real estate strategy as well ... (May 2, 2013, DailyFinance)
Forsythe Appraisals, a large real estate appraisal firm, has entered the ... - The Birmingham News
Forsythe Appraisals, a large real estate appraisal firm, has entered the ... (May 2, 2013, al.com)
NYC real estate agents get 15% raises for tattoos of firm's logo
How far would you go for your boss? Dozens of real estate agents in New York City have had their firm's logo inked on their bodies - in exchange for a 15 percent pay rise. RELATED: PITINO KEEPS PROMISE AND GETS TATTOO TO CELEBRATE TITLE ... (May 2, 2013, New York Daily News)
Watch: Rapping real estate agent gets real (and ridiculous) in San Diego
There's a new rap sensation in town. But Jay-Z can rest easy — he won't be taking your crown anytime soon. RELATED: JERMAINE DUPRI CALLS KRIS KROSS' CHRIS KELLY 'THE SON I NEVER HAD'. San Diego real estate agent Rafael Alberto Perez ... (May 2, 2013, New York Daily News)
Real Estate Website Ranks Philadelphia Among Most Exciting Cities
Now, the real estate blog Movoto has ranked Philadelphia among the most exciting cities in the country. So what makes a city exciting? Movoto says they surveyed the 50 most populous cities across the nations and ranked them from one to 50 on ten ... (May 2, 2013, KYW Newsradio)
Robert Bigelow Plans a Real Estate Empire in Space
Bigelow first chose a career in real estate because it was how his father, Robert L. Bigelow, a successful broker, made his living. In 1962 he enrolled at the University of Reno to study banking and real estate, but his father didn't live to see him ... (May 2, 2013, Businessweek)
Q & A
Glenn H. Spiegel, a Manhattan real estate lawyer, acknowledges that when rented space cannot be used as a result of the actions of the owner, an argument can be made that the tenant is entitled to a rent reduction under either the common law doctrine ... (May 2, 2013, New York Times)
Seaport Square complex taking shape
... Business · Sports · Lifestyle · A&E · Things to do · Travel · Cars · Jobs · Real Estate · Buying · Renting · Open houses · Mortgage · Place an ad · Real estate blog · Luxury living · Active adults · New developments · Home /; realestate /; news ... (May 2, 2013, Boston.com)
Federal lawsuit alleges kickbacks at Northrop real estate firm
A Howard County couple is suing one of the largest residential real estate brokerages in the state and a Columbia title company for more than $11 million, alleging that the firms had financial ties that violated federal law. The case is a proposed ... (May 2, 2013, Baltimore Sun)
Swiss Real Estate Market Grew Riskier, UBS Says
Risks to Switzerland's housing market increased further in the first three months of the year, raising the question as to whether authorities have taken sufficient steps to prevent the bursting of a bubble. The UBS Swiss Real Estate Bubble Index rose ... (May 2, 2013, Bloomberg)
BRIEF-Blackstone Asian real estate fund to have first close in Q2
... 2013 9:18am EDT. May 3 (Reuters) - Blackstone Group LP global head of real estate Jonathan Gray says at Blackstone investor day: * First closing for BREP Asia fund expected in second quarter * Capital markets quite conducive for real estate asset ... (May 3, 2013, Reuters)
Colliers International: Local commercial real estate market posted a 'solid ...
Colliers International: Local commercial real estate market posted a 'solid ... (May 3, 2013, Boston Globe)
Lucrative Fees Behind Real Estate Management Spur Fights
Instead, both real estate investment trusts have been run by outside managers who are paid to choose properties to buy and at what prices, and which ones to sell and when. That has raised criticism from some investors, who say a management company ... (May 3, 2013, Bloomberg)
Homeowners mortgage insurance
... home price gainsadd to reading list; Real Estate Reality: Boomerang buyersadd to reading list; Real Estate: The New Reality add to reading list. PHOENIX -- If you're thinking about entering the real estate market, don't forget to factor in mortgage ... (May 3, 2013, AZFamily)
'Donald Trump Caterpillar': Flannel Moth Larva Looks Like Real Estate Mogul's ...
'Donald Trump Caterpillar': Flannel Moth Larva Looks Like Real Estate Mogul's ... (May 4, 2013, Huffington Post)
What to ask when selecting a real estate agent
A. Here are a few reasons I don't recommend specific legal procedures (beyond making a will, which everyone should do): I'm not a lawyer; I don't know the reader's whole situation; my field is real estate, not estate planning; and finally, this column ... (May 4, 2013, Chicago Daily Herald)
Oracle CEO Larry Ellison makes Malibu real estate his own
The notoriously press-shy Ellison declined to comment on his real estate purchases. The tech titan, who came from modest circumstances and derives most of his fortune from the Redwood City, Calif., software company he co-founded, has described himself ... (May 4, 2013, Los Angeles Times)
Coles County Real Estate Transactions
1010 Lincoln Ave. in Charleston, Zimmer Real Estate Properties LLC purchased from The First National Bank, successor to BankCentral Trust, Trust #2600-4608, $98,500. - 1105 N. 28th St. in Mattoon, James Webster purchased from Amanda and Jacob ... (May 4, 2013, Journal Gazette and Times-Courier)
Real Estate: What's the selling price on your neighbor's house?
208 N. Edison; from Magdalen I. Janssen; to Tristate Real Estate Inc.; $85,000. * 932 Promontory Pines; from Jeffrey M. Hitpas and Kristie M. Hitpas; to Don E. Rakers and Donna M. Rakers; $47,500. * 570 W. Phillips St.; from Robert Evans; to Jordan ... (May 4, 2013, Belleville News Democrat)
Toronto-Area RE/MAX Real Estate Agent Fired for Distribution of Homophobic ...
Toronto-Area RE/MAX Real Estate Agent Fired for Distribution of Homophobic ... (May 4, 2013, Towleroad)
Real estate transfers for Sunday, May 5, 2013 - La Crosse Tribune
Dale W. and Sandra K. Nelson to Nelson Family Real Estate Trust, 3314 Bayside Court, 3362 East Ave., 2235 14th St. S. and 2124 22nd St. S. CITY OF ONALASKA. Bee Moua and Sheriff La Crosse County to Federal National Mortgage Association, 525 Birch ... (May 4, 2013, La Crosse Tribune)
Real Estate News & Notes for May 5
Real Estate · Technology News · Market Summary · Mutual Funds · A to Z Stock Listings · Treasury Rates · Local Deals · Grocery Coupons · Local Coupons · Local Ads · Special Sections · Store Circulars · Real Estate; <; Business; <; News · Next Story > ... (May 4, 2013, Hilton Head Island Packet)
EXCLUSIVE: Estranged wife of real estate big sues for punitive damages over ...
EXCLUSIVE: Estranged wife of real estate big sues for punitive damages over ... (May 4, 2013, New York Daily News)
Real Estate Industry Facing Multiple Threats
THE real estate industry has, for years been one of the highest paying ventures in Uganda, but in the last few months, the sector has come under threat. There are fears among real estate dealers that the industry may collapse. "The sector is being ... (May 5, 2013, AllAfrica.com)
CEF Weekly Review: LMP Real Estate Income Fund
Lowest Spread and Focus Stock for the Week: LMP Real Estate Income Fund was our "High Positive Stock" for the week (positive PrcNAVSprd means its price per share may decline). For the week, RIT's share price was negative -10.2% and its NAV per share ... (May 5, 2013, Seeking Alpha)
Thurston County commercial real estate begins to recover
Some of it is retail space, some industrial space and some office space, a sector of the Olympia-area commercial real estate market that finds itself with hundreds of thousands of square feet available because of the slow economy and the shrinking ... (May 5, 2013, The Olympian)
The Realities of Real Estate: Who agents represent and how they get paid
How agents can represent someone varies from state to state, and depending on which real estate company you employ, specific buyer or listing agent agreements can also vary. In the past, agents only represented the seller, and that was it. Today, it's ... (May 5, 2013, CapitalGazette.com)
REAL ESTATE: Riverside hosts World Trade Summit
The Riverside County Economic Development Agency's office of foreign trade has put out a “Save the Date” notice for a World Trade & Investment Summit on Thursday, June 6. The event, featuring U.S. and international speakers, state cabinet officers, ... (May 5, 2013, Press-Enterprise)
Real estate transactions for May 6, 2013
$247,500 Westonia Real Estate Corporation to Bryan Gary E, Bryan Michelle L, Lot 111 Sonoma, O.R. Book 02468 Page 7581, April 23. $242,000 Staugaard Amy Beth to Beazer Pre Owned Homes LLC, Lot 384 Harrison Ranch, O.R. Book 02468 Page 6028, ... (May 5, 2013, Bradenton Herald)
Expert says outlook for real estate strong in 2013
Real estate is making a rebound, said a national expert, but there is still caution among consumers. "Whether they feel good about it or not, consumers are spending money," said Danielle Hale, director of housing statistics for the National Association ... (May 5, 2013, Frederick News Post (subscription))
Summit Real Estate's Meeks can do it all
As the owner, principal broker and co-founder of Summit Real Estate Services, Jan Meeks doesn't put herself on a shiny pedestal and watch her staff do all the work. She enjoys getting involved with all aspects of the business, including sales, leasing ... (May 6, 2013, Evansville Courier & Press)
The Week Ahead: Design ADAC, Maternity Fashion Show, Real Estate Career ...
The Week Ahead: Design ADAC, Maternity Fashion Show, Real Estate Career ... (May 6, 2013, Patch.com)
Hearing set for former Ark. real estate developer
FAYETTEVILLE, Ark. (AP) - A judge is slated to hold a hearing in the case of a former northwest Arkansas real estate developer facing fraud and money laundering charges. Fayetteville television station KHOG reports Brandon Barber's revocation bond ... (May 6, 2013, THV 11)
A tough real estate lesson: Understand the loan documents
So on a beautiful quiet day in pastoral Sonoma County, after almost three years my 61-year-old client Diane finally received the final order from the court. It was ordered that a bank return the excessive prepayment/lockout fee that it had woven into ... (May 6, 2013, North Bay Business Journal)