Real estate News 10/2013
Mexico Drug Wars Don't Scare Hotel Investors: Real Estate
Mexico's oceanside resorts and Mayan ruins are luring more visitors from abroad even as drug violence plagues parts of the country. The resurgence is spurring a wave of new investment in the hotel industry. Hyatt Hotels Corp. (H) is opening two resorts ... (Sep 30, 2013, Bloomberg)
Joshua Stein On the Best Ways to Sell Real Estate
Commercial real estate changes hands in all kinds of ways. At one theoretical extreme, a smart seller might already know and identify the one perfect buyer and makes a deal with that buyer. At the opposite extreme, the seller hires a broker and fully ... (Oct 1, 2013, Commercial Observer)
Reesio Raises $1 Million+ For Its Real Estate Software Platform
San Francisco-based real estate startup Reesio is announcing today that it has closed on $1.096 million in new funding for its transaction management software for real estate agents. Investors included Digital Garage, MicroVentures, Hiten Shah, and ... (Oct 1, 2013, TechCrunch)
Shutdown's impact on real estate “minimal”
... on relocation · Smaller remodels top owners lists · Find&Save in Houston. Prime Property. Blogging Houston real estate with Nancy Sarnoff and the Houston Chronicle real estate team. Shutdown's impact on real estate “minimal”. Tuesday, October 1 ... (Oct 1, 2013, Houston Chronicle (blog))
Sold! Auction.com Looks to Revolutionize Selling Real Estate
A recent late summer morning at one of the company's three separate buildings in Irvine, Calif., roughly 100 Auction.com employees buzzed around a vast, open windowless room lined with rows of cubicles and slung with venting and lighting hung from the ... (Oct 1, 2013, Commercial Observer)
Former real estate lawyer Gary Gorman overcomes early challenges to build ...
Former real estate lawyer Gary Gorman overcomes early challenges to build ... (Oct 1, 2013, Milwaukee Journal Sentinel)
Recent Commercial Real Estate
RECENT SALE. $16.15 MILLION. 162-164 East 82nd Street (between Lexington and Third Avenues). Manhattan. A real estate investment firm has bought these two contiguous 1920 five-story walk-ups, with 37 apartments — 17 studios, 17 one-bedrooms and ... (Oct 1, 2013, New York Times)
BlackBerry considering real estate sales -newspaper
TORONTO (Reuters) - Struggling Canadian smartphone maker BlackBerry Ltd may sell some of its real estate to raise money, the Globe and Mail newspaper said on Wednesday. Citing sources it did not identify, the Globe said BlackBerry had asked real ... (Oct 2, 2013, Reuters)
Report: BlackBerry Considering Real Estate Sale
Struggling Canadian smartphone maker BlackBerry Ltd may sell some of its real estate to raise money, the Globe and Mail newspaper said on Wednesday. Citing sources it did not identify, the Globe said BlackBerry had asked real estate companies to ... (Oct 2, 2013, Fox Business)
Cuba makes another job legal: real estate agents
Much attention was given to Cuba's recent decision to allow its athletes to compete for foreign professional teams for the first time since the 1959 Castro revolution. Less noticed was another, and perhaps more important, labor reform: the legalization ... (Oct 2, 2013, CNBC.com)
New owner for Susquehanna Real Estate
The president and CEO of Susquehanna Real Estate is now the owner of the York-based real estate firm. The Appell family, John L. Finlayson and the estate of William H. Simpson have sold their interest in Susquehanna Real Estate to Jack Kay. Under his ... (Oct 2, 2013, York Daily Record)
Manhattan Real-Estate Market As Insane As Ever
Buyers hoping the real-estate industry got served a dose of hardscrabble reality this summer — for being the untenably competitive, frothy market that it has become — will be disappointed. Manhattan's market is hotter than ever, according to third ... (Oct 2, 2013, New York Magazine)
Gov. Rick Snyder appoints West Michigan real estate developer to state housing ...
Gov. Rick Snyder appoints West Michigan real estate developer to state housing ... (Oct 2, 2013, Mlive Kalamazoo)
How ants play the real estate market
But unlike a Manhattanite eschewing plum listings in outer Queens for teaspoon-sized studios in the East Village, rock ants are prepared to travel far to find this prime real estate. In a 2009, a team of researchers also from Bristol's Ant Lab traced ... (Oct 2, 2013, Christian Science Monitor)
Sotheby's event venue subliminally sells real estate
A saxophonist played on the sidewalk while women in stilettos and men in thin ties marched across a red carpet on Union Street one recent Thursday night. Inside, the party was so packed that servers gave up trying to circulate the platters of sushi and ... (Oct 2, 2013, San Francisco Chronicle)
Real estate developer, philanthropist Glick dies at 92
Eugene Biccard Glick, an Indianapolis native and World War II veteran who built a fortune as a residential real estate developer before becoming better known as one the city's most generous philanthropists, died Wednesday at 92. Glick, who had ... (Oct 3, 2013, Indianapolis Business Journal)
Fitness and food driving metro Denver's retail real estate
The vacancy rate for metro Denver's retail submarket fell to its lowest level since 2008 in the third quarter, fueled by new and growing fitness and food businesses, according to CBRE Group Inc.'s latest Marketview report. That direct vacancy rate ... (Oct 3, 2013, Denver Business Journal (blog))
Tech startup launches online real estate brokerage
Tech startup BuyerCurious.com has launched a real estate brokerage that lets people sell and purchase homes online. The brokerage, Empower Realty, aims to lower the cost of buying a home, partly by giving purchasers a rebate on commissions that would ... (Oct 3, 2013, Minneapolis / St. Paul Business Journal (blog))
Masters of Real Estate Conference to Be Held on October 16
The Commercial Observer will host its annual Masters of Real Estate conference on October 16 at The Metropolitan Club, located at 1 East 60th Street. Beginning at 8am, the event will feature three panel discussions on the State of New York City Real ... (Oct 3, 2013, Commercial Observer)
Bloomberg hailed by real estate biz
Mayor Bloomberg would be crazy to try to run for a fourth term — but real estate brokers say it's crazy to want anyone else in City Hall. “I'm depressed at the thought that someone else will be mayor,” says Shaun Osher, president of real estate ... (Oct 3, 2013, New York Daily News)
Real Estate Matters: Savings with discount brokers not as high as you might expect
I'm considering selling my home, and feel that it's a desirable home at a good price point. But I also believe that since my home is so sellable and the local market is so strong right now that I should be able to sell with a discount broker. But I ... (Oct 4, 2013, Washington Post)
Plante Moran forms real estate investment advisory unit
The Southfield-based accounting and consulting firm of Plante Moran PLLC has formed a business unit to offer advisory services to private and institutional organizations that invest in real estate. Plante Moran Real Estate Investment Advisors will work ... (Oct 4, 2013, Crain's Detroit Business)
Real-estate agent accused of stealing jewelry
A real-estate agent was arrested after she was suspected of stealing jewelry from one of the homes she showed, according to a Phoenix Police Department. On June 24, a homeowner reported that her jewelry was stolen after the agent, 32-year-old Angela ... (Oct 4, 2013, Arizona Republic)
Realtor of the Week: Houston agent's DNA includes real estate
Dan McCarver, real estate agent, Better Homes and Garden Real Estate Gary Greene, has worked in one industry during his 35-year career - real estate. "Real estate is in my DNA. I grew up in the real estate business. My mother, Barbara McCarver, opened ... (Oct 4, 2013, Houston Chronicle)
Real Estate Investing: 101
Following the lackluster August outlook for U.S. housing starts, it would be appropriate to ask why investors should consider putting their money into new home construction. U.S. housing starts rose less than expected amid a slowdown in the multifamily ... (Oct 4, 2013, Fox Business (press release))
Real Estate Roundup: Industrial deals for Oct. 4
Dan Carlson of Debbie Thomas Real Estate Inc. represented the tenant; Steve Dodds of NAI Norris, Beggs & Simspon represented the property. Seamless Event Solutions leased 8,678 square feet at 12801 N.E. Airport Way, Portland, from Quest Group Trust ... (Oct 4, 2013, Portland Business Journal (blog))
UW has big plans for its prime downtown Seattle real estate
The University of Washington, which owns four blocks of downtown real estate known as the Metropolitan Tract, will regain full control of the land when a long-term lease expires in 2014. Next month, it will select a plan to redevelop Rainier Square ... (Oct 4, 2013, The Seattle Times)
There's A Turf War Between The Major Social Networks Over Second Screen ...
There's A Turf War Between The Major Social Networks Over Second Screen ... (Oct 4, 2013, Business Insider)
Real Estate Q & A
A. “Unless seniors move to regulated or subsidized housing, or the new lease provides otherwise, they are not exempt from renewal increases set by a landlord,” said Glenn H. Spiegel, a Manhattan real estate lawyer. Mr. Spiegel notes, however, that if ... (Oct 4, 2013, New York Times)
Florida real estate attracting more Asian buyers
It's still a long way from Asia to Florida, yet a growing number of Asians are joining the throng of foreign investors buying Florida real estate, according to a recent study done by the National Association of Realtors in cooperation with Florida ... (Oct 4, 2013, MiamiHerald.com)
Terrible real estate photos
I know when I was condo hunting, I came across a few photos of rooms that were a disaster, with clothes hanging everywhere, and you really did wonder what the agent was thinking. This Web site is hilarious – the captions alone are priceless. These are ... (Oct 4, 2013, AMERICAblog (blog))
Mark Dain, who led huge real estate scam from Woodbridge, gets six-month jail ...
Mark Dain, who led huge real estate scam from Woodbridge, gets six-month jail ... (Oct 4, 2013, Washington Post)
Gov't Shutdown Could Bring OC Real Estate Market To Standstill
COSTA MESA (CBSLA.com) — The government shutdown could bring the Orange County real estate market to a standstill. “We have to verify tax returns through the Internal Revenue Service for all loan transactions, and so we can't do that right now with ... (Oct 4, 2013, CBS Local)
Peggy Fleming's House and Vineyard Listed at $4.375 Million
Peggy Fleming may be best-known for taking home the only gold medal for the United States during the 1968 Winter Olympics, but the retired ice skater was quite a talented winemaker as well. In the late 1990s, Fleming and her husband started a small ... (Oct 5, 2013, AOL Real Estate (blog))
The Real Estate Industry Is Freaking Out
It's a tricky time for the real estate industry. Prices are up, but they're not “up up.” Also mortgage applications are down roughly 60 percent from their peak in April, and several heavy financial hitters are getting ready to take the money and run ... (Oct 5, 2013, FITSNews)
First Person: Owning Real Estate in a Diversified Investment Portfolio
In 2012, Warren Buffett famously said in a CNBC interview that he would buy a "couple hundred thousand" single family homes if he could. So, does it make sense for everyone to own physical real estate in a diversified investment portfolio? As a former ... (Oct 5, 2013, Yahoo Finance (blog))
Chinese buying up Florida real estate
(Miami Herald) It's still a long way from Asia to Florida, yet a growing number of Asians are joining the throng of foreign investors buying Florida real estate, according to a recent study done by the National Association of Realtors in cooperation ... (Oct 5, 2013, WND.com)
When real estate collides with real life
Real life often collides with the real estate contracts that the buyers and sellers both signed. Here are some examples of deals I've helped to “clarify” based on extenuating circumstances, and some takeaways for you. A couple of weeks before the close ... (Oct 6, 2013, OCRegister (subscription))
Don't Give Up on Real-Estate Funds
"If rates are rising because the economy is improving, it's generally going to be positive for earnings growth" at real-estate businesses, says Paul Morgan, managing director at investment bank MLV & Co. Moreover, analysts say, when interest rates ... (Oct 6, 2013, Wall Street Journal)
Don't Give Up on Real-Estate Funds
Real estate agency helping to find shelter for families displaced by ... - The Star-Ledger
Real estate agency helping to find shelter for families displaced by ... (Oct 6, 2013, NJ.com)
Real estate agents turning to video to sell homes
Using a 4-foot jib and a cleverly designed camera dolly, Dan McKinney was hard at work at his latest shoot. The dolly, fashioned from a recycled jogging stroller and PVC pipe, allowed him to smoothly move through the location and film with ease, using ... (Oct 6, 2013, Allentown Morning Call)
Cityscape Tries to Mirror Dubai's Real Estate Fortunes
As Dubai's real estate market plots a comeback, so too is the city's largest annual property-industry conference. Exhibitors at Cityscape Global, which starts tomorrow, have reserved some 25,000 square meters of floor space, about 50% more than last ... (Oct 6, 2013, Wall Street Journal (blog))
MOVES-Atrium European Real Estate, Neptune Investment Management, Ajman ...
MOVES-Atrium European Real Estate, Neptune Investment Management, Ajman ... (Oct 7, 2013, Reuters)
Real estate roundup
Agilivant LLC, a software development firm, has leased 1,650 square feet of office space at Stonemill Business Center, 204 S.E. Stonemill Drive, Suite 135, Vancouver. Tamara Fuller and Doug Bartocci of NAI Norris, Beggs & Simpson represented the ... (Oct 7, 2013, The Columbian)
September Chicago Real Estate Market Update: Has The Growth Ended?
While it is true that September clocked another impressive month of strong, double digit percentage growth in home sales in Chicago, it is looking more and more like the days are numbered for this kind of real estate market performance. After all trees ... (Oct 7, 2013, ChicagoNow (blog))
Canes' Semin buys $3M house from local real estate exec Don Walston
With a $35 million, five-year contract extension signed last March, Carolina Hurricanes winger Alexander Semin is getting settled in his new hometown with the recent purchase a nearly $3 million estate in north Raleigh. The 9,716-square-foot home is ... (Oct 7, 2013, Triangle Business Journal (blog))
Erie County Real Estate Transactions
75 Davey St., Irene Wachowski; Peter Wachowski to M&E International Real Estate, $67,250. • 491 Grant St., 491 Grant Street Inc. to Khaled Handal, $64,000. • 471 Prospect Ave., Annette Fontanez; Ruben Fontanez to SKM Properties Inc., $60,000. • 82 ... (Oct 7, 2013, Buffalo News)
Real Estate > Why real estate could be the next hot investment even now
Following the lackluster August outlook for U.S. housing starts, it would be appropriate to ask why investors should consider putting their money into new home construction. U.S. housing starts rose less than expected amid a slowdown in the multifamily ... (Oct 7, 2013, AOL Real Estate (blog))
Real Estate Roundup: Office deals for Oct. 7
Here are the most recent office leases submitted to the Portland Business Journal's Real Estate Roundup database. Visit the database or submit transactions online. Durham & Bates Cos., an insurance brokerage, leased 11,363 square feet at The Morgan ... (Oct 7, 2013, Portland Business Journal (blog))