Real estate News 08/2013
Dubai's Real Estate Market Is Back, Bringing Echoes of the Bubble
A rise in asset prices is normally cause for celebration. In Dubai, however, a recent spike in real estate values is bringing back echoes of the emirate's property-market crash four years ago and prompting growing concern about bubbles. The latest ... (Jul 31, 2013, Wall Street Journal (blog))
Real Estate Roundup: July 31 transactions
Phillip Barry of Joseph Bernard Investment Real Estate represented the buyer; Nick Klein and Tyler Linn of HFF LP represented the sellers, Carrington Investments LLC and Carrington Investments II LLC. Keizer Hotel Corp. paid $2.8 million for the Keizer ... (Aug 1, 2013, Portland Business Journal (blog))
Local leaders count wins and losses at TBJ's Tomorrow's Real Estate forum
Brookshire, who was among a panel of five speakers at the CAM Raleigh art museum on July 31 speaking at Triangle Business Journal's annual Tomorrow's Real Estate event, said she wasn't thrilled that the legislature had put a cap of $20,000 on mortgage ... (Aug 1, 2013, Triangle Business Journal)
Celeb real estate: Ryan Reynolds relists bachelor pad
Recently in celebrity real estate news, actor Ryan Reynolds is trying to dump his Hollywood Hills home again and Richard Gere listed his Hamptons home for a whopping $65 million. Ryan Reynolds relists in Hollywood Hills Third time is the charm, at ... (Aug 1, 2013, Today.com (blog))
Lansner: Real estate key to economic revival
Lansner: Real estate key to economic revival. Tweet. ADVERTISEMENT. ADVERTISEMENT. More from this story. Lansner: Building a thrifty Habit burger · Lansner: O.C. economy beefs up · More from Real Estate News · Lake Forest OKs Foothill Ranch ... (Aug 1, 2013, OCRegister (subscription))
Avison Young acquires California-based R7 Real Estate, Inc.
1, 2013 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has acquired the assets of R7 Real Estate, Inc., a Torrance, CA-based real estate property ... (Aug 1, 2013, The Herald | HeraldOnline.com)
Boulder ranked nation's 4th best 'city for hippies' by real estate website
America's hippie havens. The real estate website Estately.com has ranked the best "cities for hippies" in the United States. The Top 10 are: 1. Eugene, Ore. 2. Olympia, Wash. 3. Asheville, N.C.. 4. Boulder, Colo. 5. Portland, Ore. 6. Burlington, Vt. 7 ... (Aug 1, 2013, The Daily Camera)
London Real Estate Shortage Sows Political Discord
A perfect storm is brewing in Britain's coalition government, and it has a lot to do with real estate. Forced into an uneasy cohabitation by inconclusive electoral results, the ruling Conservatives and Liberal Democrats parties are diverging on a ... (Aug 1, 2013, Forbes)
Commercial Real Estate Fundamentals Better: Nadji
1 (Bloomberg) -- Marcus & Millichap Managing Director Hessam Nadji discusses the commercial real estate market with Scarlet Fu on Bloomberg Television's "Money Moves." (Source: Bloomberg). Please enable JavaScript to view the comments powered by ... (Aug 1, 2013, Bloomberg)
Real Estate Down Slightly During The Second Quarter
Real Estate Stocks are an important part of the category of Resource Stocks, sometimes called “Hard Asset” Stocks. They were down slightly in the second quarter of 2013. Foreign real estate was down more for the quarter because the U.S. Dollar ... (Aug 1, 2013, Forbes)
A Real-Estate Star Is Born
As more real-estate brokers become celebrities in their own right, new conflicts are emerging in the real-estate world. Candace Jackson and Ryan Serhant, star of Bravo's "Million Dollar Listing New York," join Lunch Break. Photo: Natalie Keyssar for ... (Aug 1, 2013, Wall Street Journal)
Four Seasons Taps Real-Estate Veteran as CEO
Allen Smith, currently the CEO of Prudential Real Estate Investors, will take over as Four Seasons chief in September, the luxury-hotel company said. The announcement comes six months after longtime Four Seasons executive Kathleen Taylor was dismissed ... (Aug 1, 2013, Wall Street Journal)
Real estate 'bubble in the making': Pro
The real estate market might be heading into troubled territory, Dani Babb of The Babb Group said Thursday. "I think we have another bubble in the making," she said. "We're seeing a lot of numbers that are reminiscent of 2005 and 2006, and I'm ... (Aug 1, 2013, CNBC.com (blog))
Real Estate Investing With Cash? Why You Should Reconsider
That can make it harder to get the money you need from a lender. Consequently, some folks are making the decision to just use their own money to invest in real estate. While this sounds like a good solution on the surface, there are a number of reasons ... (Aug 1, 2013, Forbes)
Fund Manager and Real Estate Developer Arrested and Charged in $96 Million ...
Fund Manager and Real Estate Developer Arrested and Charged in $96 Million ... (Aug 1, 2013, Federal Bureau of Investigation (press release))
He offers a video database for homebuyers and real estate pros
JOE JESUELE, 31, OF OLD City, is founder and CEO of HomeJab.com, which puts video tours of residential real estate online. A Villanova grad with a work history in real estate, he started HomeJab in May. By summer's end, he plans to launch a redesigned ... (Aug 2, 2013, Philly.com)
Real-Estate Lobby Dives into Central Brooklyn Council Race
“I see a community that is overrun by the real-estate industry,” declared Ede Fox, the most policy-oriented candidate, an earnest former aide to two Councilmembers, who regularly cites her work on affordable housing. “It's important that you have an ... (Aug 2, 2013, The Brooklyn Bureau)
Hong Kong stocks rise, as real estate outperforms
The Hang Seng Index (HSI:HK:HSI) rose 0.6% to 22,227.96, while the Hang Seng China Enterprises Index added 0.8%. Over on the Chinese mainland, the Shanghai Composite (SHA:CN:SHCOMP) gained 0.5%, with real-estate shares climbing on hopes the ... (Aug 2, 2013, MarketWatch)
Md. real estate agents get new rules on handling short sales
Last month, new rules went into effect governing how Maryland real estate agents can handle short sales. The Maryland Mortgage Assistance Relief Services Act, commonly referred to as MARS and patterned after a Federal Trade Commission rule, ... (Aug 2, 2013, Washington Post)
Oversold Conditions For Artis Real Estate Investment Trust (AX-UN)
In trading on Friday, shares of Artis Real Estate Investment Trust (Toronto: AX-UN) entered into oversold territory, hitting an RSI reading of 29.99, after changing hands as low as $14.14 per share. By comparison, the current RSI reading of the S&P/TSX ... (Aug 2, 2013, Forbes)
Russia asks for arrest of real estate businessman Polonsky
MOSCOW (Reuters) - Russian law enforcement officials on Friday sought the arrest of real estate businessman Sergei Polonsky, believed to be in Israel, to face trial over fraud charges. The country's interior ministry asked a court to put Polonsky under ... (Aug 2, 2013, Reuters)
It pays for landlords to qualify as 'real estate professional'
Until this year, landlords who earned profits from their rentals didn't have to worry about whether they qualified as a “real estate professional” for tax purposes. The only reason to seek to qualify as such was to avoid application of the incredibly ... (Aug 2, 2013, Inman.com)
The Real Estate Mini-Bubble Will Be Economy's Next Problem
And then when the resulting real estate bubble burst in 2006, housing and autos led the way down into the sub-prime mortgage catastrophe and then the meltdown into the 2008-2009 Great Recession. Their powerful influence continued when in 2008 and ... (Aug 2, 2013, Forbes)
Vancouver Joins Toronto Real Estate Market in Sales Surge
Home sales in Canada's two largest real estate markets soared in July, adding to evidence housing has defied predictions of a correction. Sales in Toronto, the largest market, rose 16 percent from a year earlier to 8,544 units, while Vancouver's ... (Aug 2, 2013, Bloomberg)
The Business of Reality Real Estate
As more real-estate brokers become celebrities in their own right, new conflicts are emerging in the real-estate world. Candace Jackson and Ryan Serhant, star of Bravo's "Million Dollar Listing New York," join Lunch Break. Photo: Natalie Keyssar for ... (Aug 2, 2013, Wall Street Journal)
2013 a respectable year for sales of luxury real estate in Rhode Island / Gallery
After a surge of high-end coastal market sales here at the end of 2012, 2013 is turning out to be a respectable sales year for Rhode Island's luxury real-estate market. Inventory levels indicate that it is still a buyer's market. This is a rear view of ... (Aug 2, 2013, The Providence Journal)
Waltham man named among nation's top real estate agents
Hans Brings, an award-winning sales associate in the Coldwell Banker Residential Brokerage office in Waltham, has once again been ranked among the country's top real estate agents and teams. Brings ranked No. 138 on The Wall Street Journal/REAL ... (Aug 3, 2013, Wicked Local)
Erie County Real Estate Transactions
18 Beachridge Drive, Shailesh Thakore; Jayshree S. Thakore to Grsw Stewart Real Estate Trust, $260,000. • 18 Beachridge Drive, Grsw Stewart Real Estate Trust to Ankita Satra; Rubin D. Bahuva, $251,000. • 7 Shady Oaks Court, Robin Dinch; Sam Dinch to ... (Aug 3, 2013, Buffalo News)
Ramseys: Timing is now the most vital aspect of real estate dealings
For years, we have heard that the three most important things in real estate are location, location and location. A client recently commented that, really, the most important factor is timing. We have come to agree. In looking back at major drops in ... (Aug 3, 2013, Anchorage Daily News)
Silicon Valley real estate magnate facing charges in suspected sexual abuse of ...
Silicon Valley real estate magnate facing charges in suspected sexual abuse of ... (Aug 4, 2013, San Jose Mercury News)
Southwest Florida real estate briefs
Park Real Estate Partners, LLC purchased 7,200 square feet in Billy Creek Commerce Center at 5660 Zip Drive, Fort Myers from Prinsbank for $315,000. Bob Johnston, Jerry Messonnier and Derek Bornhorst negotiated the transaction. Superior Plus Products ... (Aug 4, 2013, Naples Daily News)
Investors hunting for gold in Billings real estate market
On a website and in other writings, Southern California Realtor Elizabeth Weintraub warns prospective investors to beware of real estate seminars and their often sky-high fees. Weintraub, who has worked in real estate since 1974, also is cautious about ... (Aug 4, 2013, Billings Gazette)
Is California in Another Real-Estate Bubble?
Home prices across the country are rising, but most of the country still looks cheap historically. California, however, has several cities looking very expensive at the moment, and California housing trends can often be a bellwether for what's to come ... (Aug 4, 2013, Motley Fool)
Commercial real estate market recovering
But the economic recovery is restoring more balance to the commercial real estate market. Cohen said he still offers free rent and other concessions to tenants, but the deals aren't nearly as onerous as before. "The pendulum is moving back to the ... (Aug 4, 2013, Sun-Sentinel)
Who Will Disrupt Real Estate?
Indeed, I'll probably know about it long before our real estate agent does. In a competitive market, that can be a big advantage over less tech savvy buyers. It's just as easy to look at comparable and figure out if a price has any wiggle room for ... (Aug 4, 2013, TechCrunch)
An Attractive New Entry to the Lynnfield Real Estate Market
An Attractive New Entry to the Lynnfield Real Estate Market. Each week, Lynnfield Patch takes a look at an interesting or distinctive property currently on the local real estate market. Posted by William Laforme (Editor) , August 04, 2013 at 05:30 AM ... (Aug 4, 2013, Patch.com)
Real estate prices rebounding on Miss. coast
GULFPORT, Miss. -- The average sales price of a home in South Mississippi in June reached its highest level in three years, a sign that the Coast real estate market is following the national trend upward. According to the Mississippi Gulf Coast ... (Aug 5, 2013, MiamiHerald.com)
To Figure Out Where Real Estate Is Headed, Start Driving
Metrostudy, a real estate consulting firm based in Houston, analyzes the health of the residential market in metropolitan areas across the U.S. and issued prescient warnings about the coming housing bust as early as 2004. One of its main analytical ... (Aug 5, 2013, Businessweek)
John Burns Real Estate: Notes on the housing recovery in Texas and elsewhere
Map from John Burns Real Estate blog In Texas and other states, construction is driving job growth. Land and home prices continue to rise in some areas due to limited supplies, but other markets are seeing consumers and builders pull back for a number ... (Aug 5, 2013, Dallas Morning News (blog))
Hangzhou Billionaire's Flagship Gains On Plans For $900M Shanghai Real ...
Hangzhou Billionaire's Flagship Gains On Plans For $900M Shanghai Real ... (Aug 5, 2013, Forbes)
Real estate holding company acquires central NY aluminum casting plant
The Delaware real estate holding company, which redevelops industrial sites, acquired the Oberdorfer foundry in DeWitt, NY from Wre Properties LLC, according to a report by The Post-Standard. The 17.5 acre site will be redeveloped to accommodate a new ... (Aug 5, 2013, The Business Review (Albany) (blog))
MetLife Gets $5 Billion SunTrust Real Estate Commitment
Demand for U.S. commercial real estate has climbed as the economy recovers and investors seek the higher yields from owning property compared with some fixed-income securities such as U.S. Treasuries. Through May, the Moody's/Real Capital Analytics ... (Aug 5, 2013, Bloomberg)
Clyde Berg, Silicon Valley real estate mogul, accused of assaulting pregnant ...
Clyde Berg, Silicon Valley real estate mogul, accused of assaulting pregnant ... (Aug 5, 2013, CBS News)
Xinyuan Real Estate Declares Q2 Dividends
Xinyuan Real Estate (NYSE: XIN ) is continuing to build on its foundation of shareholder payouts. The company has declared dividends for both its common stock and its American Depositary Shares. The former amounts to $0.025 and the latter $0.05 per ... (Aug 5, 2013, Motley Fool)
Vornado profit surges on real-estate gains
Vornado Realty Trust's (NYSE:VNO) second-quarter earnings more than quadrupled as the commercial property owner reported net gains on real-estate sales that far outpaced gains in the year-ago period. The company also reported an increase in funds ... (Aug 5, 2013, MarketWatch)
Goldman to Axa Ride London's Crossrail Office Boom: Real Estate
The area's developers are benefiting as technology, media and telecommunications companies seek new and refurbished buildings, according to Clive Castle, a Henderson director who manages the firm's commercial real estate in London. “That's helped to ... (Aug 5, 2013, Bloomberg)
Christine Chmura: Local real estate market getting stronger
The real estate industry has been showing signs of sustained growth over the past year. That's good news for an industry that has been in a severe contraction since the recession of 2007-2009. Residential investment grew by double digit rates in the ... (Aug 5, 2013, Richmond Times Dispatch)
Real estate mogul and family on losing end of epic lawsuit filed by business ... - Hunterdon County Democrat
Real estate mogul and family on losing end of epic lawsuit filed by business ... (Aug 5, 2013, NJ.com)
Mary S. Ebmeyer, 81, real estate saleswoman
Mary Sage Doelle Ebmeyer, 81, of Bryn Mawr, a real estate saleswoman, died Sunday, Aug. 4, at Bryn Mawr Hospital of complications from a stroke. Mrs. Ebmeyer, a native of Grosse Pointe, Mich., moved with her husband, Walter C., to Pennsylvania in 1998 ... (Aug 6, 2013, Philly.com)
On the Market: NYU to Offer Undergrad Real Estate Degree; Woolworth's Lobby ...
On the Market: NYU to Offer Undergrad Real Estate Degree; Woolworth's Lobby ... (Aug 6, 2013, New York Observer)