Real estate News 07/2013
From work to wed
New York real estate mogul Janna Bullock has married Randall Brockett, an American art expert who has worked with her for a number of years. Russian-born Bullock, the ex-wife of former Moscow Region Finance Minister Alexei Kuznetsov, recently wed ... (Jul 1, 2013, New York Post)
Principal Real Estate Income Fund Begins Trading on the New York Stock ...
Principal Real Estate Income Fund Begins Trading on the New York Stock ... (Jul 1, 2013, DailyFinance)
Corelogic to buy real estate data analysis firms for $661 million
(Reuters) - Real estate data analytics company Corelogic Inc (CLGX.N) said it would buy two units from Decision Insight Information Group for $661 million to expand its property and casualty insurance business. Corelogic said it would buy residential ... (Jul 1, 2013, Reuters)
Real Estate Investing: Why Cash Flow is King
As real estate values rise nationwide and many properties listed for sale are being fought over by investors and home buyers, it seems that, once again, investment property buyers are paying outrageous prices for properties. Anyone recall this ... (Jul 1, 2013, Fox Business)
Ares Commercial Real Estate Corporation Originates Three Senior Loans ...
Ares Commercial Real Estate Corporation Originates Three Senior Loans ... (Jul 1, 2013, The Herald | HeraldOnline.com)
Erie County Real Estate Transactions
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending May 24. on July 1, 2013 - 10:56 AM. Tweet. AKRON. • 11 Chestnut, Jennifer Zaleski to William James Campbell; James W. Campbell ... (Jul 1, 2013, Buffalo News)
Chinese Malls Waive Rents as Vacancies Loom: Real Estate
Chinese Malls Waive Rents as Vacancies Loom: Real Estate. By Bloomberg News - 2013-07-01T16:01:00Z. Tomohiro Ohsumi/Bloomberg. A couple stand together in a shopping mall at the Wangfujing shopping district of Beijing, China. Chinese landlords are ... (Jul 1, 2013, Bloomberg)
In Photos: Celebrity Real Estate
The "historic" Lake Tahoe "log cabin" in Nevada that belonged once to aviator and magnate Howard Hughes is on sale for $19.5 million, according to the property's realtor. Known as Summertide, the gated estate is made up of five parcels and has more ... (Jul 1, 2013, ABC News)
EverBank opens Houston real estate office
“Houston is an extraordinarily dynamic and growing commercial real estate market, and we're looking forward to serving our clients throughout the region through our new office,” said John Randall, managing director of EverBank's small balance ... (Jul 1, 2013, Business Journal)
A new business model to attract young talent into real estate
Editor's note: This is the first of a four-part series on a new model for real estate brokerages, in which brokers would invest in their agents. Renwick Congdon will explore his vision at Real Estate Connect San Francisco, during a Thursday, July 11 ... (Jul 1, 2013, Inman.com)
Prosecutor: Vernon real estate probe uncovers illegal purchase of 13000 ...
Prosecutor: Vernon real estate probe uncovers illegal purchase of 13000 ... (Jul 1, 2013, NJ.com)
Real estate closing firm Stewart Title of Louisiana re-named Title Stream ...
Real estate closing firm Stewart Title of Louisiana re-named Title Stream ... (Jul 1, 2013, NOLA.com)
Sobratos step down from running daily operations at the family's real estate ...
Sobratos step down from running daily operations at the family's real estate ... (Jul 1, 2013, San Jose Mercury News)
'Scandal' Actress Lists Hollywood Hills Home for $969000
In Photos: Celebrity Real Estate. Previous · Next. 'Scandal' Actress Lists Home. Actress Darby Stanchfield, who fixes public figures' problems in ABC's "Scandal", listed her home in Los Angeles for $969,000. The Alaskan native who plays "Abby Whelan" ... (Jul 2, 2013, ABC News)
Real Estate Apps From Android To Zillow
I am in the process of moving from the lovely state of Wisconsin to sunny California—specifically, the San Francisco Bay Area. There are, shall we say, some bracing differences in the two real estate markets, and not just in terms of price. (Did you ... (Jul 2, 2013, ReadWrite)
Top-Quality Real Estate Research for NYC Consumers
Looking for some powerful, all-in-one-place property research tools to help you make the best home-buying decision? If you're looking for a property in the NYC and NY state areas—but other major marketplaces in the US as well—PropertyShark can help ... (Jul 2, 2013, Tribeca Citizen)
Beer hopping up SD real estate
San Diego burgeoning craft-beer business is boosting the local industrial real estate market, according to Todd Davis, a broker at Cassidy Turley. Davis, who has been specializing in brewery space needs since the mid-1990s, projected that local beer ... (Jul 2, 2013, U-T San Diego)
Second-Quarter Real Estate: First-Time Buyers Flood the Market
Spring is traditionally the time when real-estate inventory loosens up a little bit as sellers wake from their winter slumber and put their apartments up for sale, says appraiser Jonathan Miller. But considering how "insane" and unexpectedly robust the ... (Jul 2, 2013, New York Magazine)
Richer than Trump or Oprah: Meet China's female property magnate
Zhang, a Chinese real estate developer, is the seventh richest self-made women in the world, worth $3.6bn, according to Forbes. She's worth $800million more than Oprah Winfrey, the world's best known self-made female billionaire. Not only does Zhang's ... (Jul 2, 2013, CNN International)
A look at Nick Cannon's valuable television real estate
Comedian Jacob Williams steps up to the stage to face off against Nick Cannon in a clip from the upcoming reincarnation of the MTV2 improv comedy/ rap battle show “Wild N Out.” “Being married to Mariah, that's a lot of clout, but do you ever get lonely ... (Jul 2, 2013, New York Post)
KeyPoint Partners report: Retail real estate market just had a 'recovery year'
A commercial real estate services firm headquartered in Burlington, KeyPoint has just issued its annual report on the sector. The KeyPoint Report for Eastern Massachusetts/Greater Boston 2013 examines supply, occupancy, absorption, and retailer ... (Jul 2, 2013, Boston Globe)
Real Estate mogul hands Stanford largest ever gift: $151m
The university announced the donation from Silicon Valley real estate developer John Arrillaga Sr. on Monday. It's not the first philanthropic record made by Arrillaga. The 1960 graduate gave the university $100 million in 2006 — then the largest ... (Jul 2, 2013, ZDNet (blog))
How to attract more of our brightest minds to real estate
Editor's note: This is the third of a four-part series on a new model for real estate brokerages, in which brokers would invest in their agents. Read Part 1 and Part 2. Renwick Congdon will explore his vision at Real Estate Connect San Francisco ... (Jul 2, 2013, Inman.com)
Recent Commercial Real Estate Transactions
... rent-stabilized and 4 free-market — ranging from 330 to 450 square feet. The 10,000-square-foot building also offers two vacant 700-square-foot renovated retail spaces, and 5,450 square feet in air rights. Owner: Adam Daniels, A.D. Real Estate ... (Jul 2, 2013, New York Times)
Nigeria Has Real-Estate Potential—and Challenges
One of the many challenges facing foreign real-estate investors is the paucity of market data. Unlike most other markets, investors can have a hard time finding statistics with basic information such as deal prices, supply, leasing activity and ... (Jul 2, 2013, Wall Street Journal- India)
Bed-Stuy hits the real estate big time as duplex goes for $1 million
The buyers are a downtown Manhattan family who traded their modest space for luxurious digs—in Brooklyn. The loft-style two bedroom, two bath condo at 105 Lexington Avenue is a sprawling 1559 square foot space that comes with its own 600 square foot ... (Jul 3, 2013, New York Post)
TIAA-CREF, Henderson form investment co.
TIAA-CREF and Henderson Global Investors, one of Europe's largest investment managers, are launching a new global real estate investment management company, TIAA Henderson Global Real Estate. The new company will offer clients global real estate ... (Jul 3, 2013, Real Estate Weekly)
The Moviegoer: Cohen Brothers Realty's Charles Cohen Talks Real Estate ...
The Moviegoer: Cohen Brothers Realty's Charles Cohen Talks Real Estate ... (Jul 3, 2013, Commercial Observer)
Memories of the first Real Estate Connect
In September 1996, a small real estate and technology conference held in a redwood grove north of San Francisco brought together some important members of real estate and technology at a momentous time in real estate's history. The Internet was on the ... (Jul 3, 2013, Inman.com)
Reuters illustrates Detroit's real estate speculation problem
The low prices have attracted a variety of investors, from as far away as China, and other buyers who are keen on paying little for residential real estate that often appears to be worth far more than the few-thousand-dollars asking price. But lax code ... (Jul 3, 2013, MLive.com)
A&E “Flip This House†star turns to Houston commercial real estate
Armando Montelongo, who starred in three seasons of A&E network's Flip This House, is getting into a new line of business: commercial real estate. Armando Montelongo Cos. has picked up its first Houston office building, Northchase Place at 13700 ... (Jul 3, 2013, Houston Chronicle (blog))
5 Best Performing Real Estate Mutual Funds Year to Date
Mutual funds investing the real estate sector should be a necessary addition to portfolios with a long term horizon even though the sector has traversed rough waters in the recent past. Real estate mutual funds have delivered significantly high returns ... (Jul 3, 2013, Zacks.com)
Real Estate Roundup
Washington Trust's Commercial Real Estate Group has provided a $6.5 million loan to Timberlake Holdings Co. for the refinancing of undeveloped land with approvals for 385 units at Oxford Greens, an 803-acre active adult community in Oxford. The ... (Jul 3, 2013, The Advocate)
Real Estate Crowdfunding Platform Allows Individuals To Invest In ...
Real Estate Crowdfunding Platform Allows Individuals To Invest In ... (Jul 3, 2013, Newsday)
Big turnout for launch of Women in Commercial Real Estate group
About 40 women filled a room at Caffe Moderne in Old Town this morning for the inaugural meeting of Women in Commercial Real Estate. The group was formed for women in the industry to connect with one another and to support and influence their success ... (Jul 3, 2013, Wichita Business Journal (blog))
15 Best Places To Retire For Real Estate Investments
RealtyTrac, an online database and marketplace of foreclosed properties in the United States, has released a report on real estate investing in 15 cities that have a sizeable retiree population -- at least one-third being 65 or older. Cities were ... (Jul 4, 2013, Huffington Post)
In Photos: Celebrity Real Estate
In Photos: Celebrity Real Estate. Previous · Next. Pharrell's Miami Home For Sale. Rapper and fashion designer Pharrell Williams cut the price of his five-bedroom Miami penthouse to $10.9 million. He first listed it in November 2012 for $16.8 million ... (Jul 4, 2013, ABC News)
Celeb real estate: Olivia Wilde, Kate Walsh and Naya Rivera sell in LA
This week in celebrity real estate, it's about the real estate tracks of leading ladies. Olivia Wilde, Kate Walsh and Naya Rivera all recently sold homes in Los Angeles. Olivia Wilde snags buyer for Los Feliz home. After buying a new home in New York ... (Jul 4, 2013, Today.com (blog))
Real Estate Boom Impacting West Michigan
These are the kind of problems real estate agents, like Larry Martin Jr., have been waiting for. Martin said it's been years since he's seen this type of activity. “My best year however was 2006 where I sold 115 homes,” he said. “Then the next year ... (Jul 4, 2013, Fox17)
DC real estate charms: A too-tiny balcony of one's own
According to a research report from real estate investment service Marcus & Millichap, some 11,500 apartments are expected to be completed in the region this year. It seems as though each of them, in addition to STAINLESS STEEL APPLIANCES!!!, also ... (Jul 4, 2013, Washington Post)
Real-Estate Rebound Buoys Underwater Mortgage Borrowers
As the real-estate market rebounds, many luxury homeowners who just a few years ago had their heads underwater are now only ankle deep. At the end of the first quarter, 20.6% of homes with jumbo mortgages were underwater, meaning the owners owed ... (Jul 4, 2013, Wall Street Journal)
Real-estate rebound buoys borrowers
As the real-estate market rebounds, many luxury homeowners who just a few years ago had their heads underwater are now only ankle deep. At the end of the first quarter, 20.6% of homes with jumbo mortgages were underwater, meaning the owners owed ... (Jul 5, 2013, MarketWatch)
State Farm's Richardson office deal tops any other area corporate expansion
Real estate brokers say that much of the office space State Farm is renting is to temporarily house workers while the company builds its big office campus on State Highway 190 at Plano Road in Richardson. Developer KDC broke ground on the project in ... (Jul 5, 2013, Dallas Morning News)
Now is the time to invest in 'mobile-first' real estate tech
Real estate is a $1 trillion asset class, second largest to corporate debt and ahead of equity. In addition, there are millions of professionals employed in the real estate industry: 2.8 million agents and 500,000 construction professionals as well as ... (Jul 5, 2013, VentureBeat)
Top retirement spots for real-estate investors
Boomers will retire in greater numbers over the next 15 years, creating opportunities for real-estate investors. Those looking to take advantage of this might consider markets that are considered “retirement hot spots.” Here are 15 of the top ... (Jul 5, 2013, MarketWatch)
Real estate spotlight, July 5, 2013
Shop · Real Estate · Index ▽. Close [X]. Quick links to other pages on this site | Still can't find it? see Site Index · Weather · Politics · Joel Connelly · Neighborhoods · Around the Sound · Environment · Obituaries · Opinion · Reader Blogs · Reader ... (Jul 5, 2013, Seattle Post Intelligencer)
Real Estate Roundup: July 5 office deals
These are the most recent office leases submitted to the Business Journal's Real Estate Roundup. Share your deals here. Compound Photonics, a projection technology firm, leased 12,135 square feet at Bank of America Financial Center, 805 Broadway St., ... (Jul 5, 2013, Portland Business Journal (blog))
The Top 10 real estate agents in Phoenix
Robert Joffe and Walt Danley, the Phoenix area's top two residential real estate agents in 2012, repeated their placings in 2013 as the Phoenix Business Journal today published its annual list of the top 50 residential real estate agents. Joffe, of ... (Jul 5, 2013, Phoenix Business Journal)
The Top 5 residential real estate brokerages in Phoenix
A year ago, HomeSmart and West USA Realty tied for the top spot in the Phoenix Business Journal's Residential Real Estate Brokers list. This year, HomeSmart was alone in first when the list was published today. In a list ranked by 2012 local ... (Jul 5, 2013, Phoenix Business Journal)
Career in real estate can be rewarding, but it's a lot of work
Here are my questions: Given how the Internet has changed real estate, what do you think of the future of real estate agents, at least for the next 10 to 15 years, when I personally would be affected? And are you familiar with daily money manager ... (Jul 6, 2013, Chicago Tribune)