Real estate News 01/2014
2014 may be better year for local real estate, but not by much
If 2013 was a year of uncertainty for local real estate, 2014 is poised to be a little more stable but far from spectacular, according to industry analysts in eastern Connecticut. "2013 was really a year of challenges," said Alvin Kinsall of Randall ... (Jan 1, 2014, TheDay.com (blog))
Suspect in Texas real estate agent's slaying in custody
FORTH WORTH, Texas – The suspect in the stabbing death of his estranged wife, who was a North Texas real estate agent, was taken into custody Tuesday following a standoff that spanned nearly six hours. Police say John St. Angelo, the man who had ... (Jan 1, 2014, CBS News)
Real-Estate Investments: These Stocks Offer Dividends and Growth
Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you'd like to add some real-estate investments to your portfolio but don't have the time or expertise to hand-pick a few, the SPDR Dow Jones REIT ETF ... (Jan 1, 2014, Motley Fool)
Ranch on the market: High-end real estate firm listing Maclay property
LOLO – Missoula real estate agent Bill McDavid gets at least one call a week from a prospective buyer interested in the Bitterroot Valley ranch that Tom Maclay had hoped to turn into a ski resort. A short write-up about the property in the Wall Street ... (Jan 1, 2014, Ravalli Republic)
Real estate forecast for 2014
DENVER - Last year was an exceptionally good year for the real estate market in the greater Denver area. Property values are up roughly 10 percent since the end of 2012. Several factors fueled this above average growth rate for our area. First ... (Jan 2, 2014, 9NEWS.com)
Bitcoin in real estate?
A Manhattan-based real estate brokerage that specializes in residential rentals, sales and commercial leasing announced Thursday it will now accept bitcoin as payment for real estate transactions. BOND New York is believed to be the first traditional ... (Jan 2, 2014, Sarasota Herald-Tribune)
3 ways Dodd Frank law will roil real estate in 2014
Chris Dodd and Barney Frank have long since retired, but the namesake legislation they craftedfour years ago is about to unleash sweeping changes in the mortgage and real estate markets. According to real estate attorney Shari Olefson, who also wrote ... (Jan 2, 2014, Yahoo Finance (blog))
Inland Real Estate Income Trust, Inc. Announces Purchase of the Wedgewood ...
Inland Real Estate Income Trust, Inc. Announces Purchase of the Wedgewood ... (Jan 2, 2014, Business Wire (press release))
Benchmark Real Estate Partners Pay $57 M. for East Village Residential
Jordan Vogel and Aaron Feldman, principals of Benchmark Real Estate Group, have purchased a 58-unit, 12-story elevator apartment building at 200 East 11th Street in Manhattan's East Village for $57 million. Screen shot 2014-01-02 at 11.27.36 AM ... (Jan 2, 2014, Commercial Observer)
2013: Banner Year for Real Estate
Average days on the market - a key residential real estate indicator - dropped 12 percent to just 66 days. The Business First real estate guide has a listing of high end real estate deals with a break down for each community. High end deals are worth ... (Jan 2, 2014, WKBW-TV)
Investors may flirt with riskier real estate strategies in new year
“A higher cost of capital is bad for real estate investing but a robust economy is great for real estate,” he said. Another view is that if interest rates go up unaccompanied by strong economic growth, it will be bad for real estate because it is an ... (Jan 2, 2014, Pensions & Investments)
Sell your home without a real estate agent
How do I sell my home without using a real estate agent? -- Bill, Chicago. With housing on the rise, more sellers are flying solo, says Eddie Tyner, general manager of ForSaleByOwner.com. The appeal of FSBO: skipping the seller's agent commission ... (Jan 2, 2014, CNN)
Three Northern California Real Estate Investors Agree to Plead Guilty to Bid ...
Three Northern California Real Estate Investors Agree to Plead Guilty to Bid ... (Jan 2, 2014, Federal Bureau of Investigation (press release))
Can Selling Real Estate Make You Rich?
When Roman Serra, a 29-year-old with a master's degree in art, decided to switch careers, he enrolled in a two-week real-estate course. He took a personality test online and went through a short interview at Chicago real-estate firm Baird & Warner ... (Jan 2, 2014, Wall Street Journal)
People in Real Estate
Kim Small has joined Wood Partners as regional vice president for its central region. Small will be responsible for leading all functions of property management for both projects under development and existing assets. Wood Partners is a national real ... (Jan 2, 2014, Houston Chronicle (blog))
Recent Commercial Real Estate
This vacant, gutted 5,664-square-foot four-story apartment building, with an English basement, in Kips Bay, offers 6,200 square feet in unused air rights. It can be turned into a single- or multiple-tenant property. Owner: TaCenc, Inc. Broker: Marion T ... (Jan 2, 2014, New York Times)
Real Estate of Edith Warton's 'The Age of Innocence'
Edith Wharton's corpulent great-aunt Mary Mason Jones served as one of the most memorable inspirations in literary New York: the model for Mrs. Manson Mingott in Wharton's novel “The Age of Innocence.” ... (Jan 2, 2014, New York Times)
Real Estate Surge Poises Zillow And Trulia For Battle
And when they are ready to buy or rent — or are just curious — consumers in one of the priciest housing markets in the country often turn to New York City's No. 1 real estate website, StreetEasy.com. In August, the No. 1 national real estate website ... (Jan 2, 2014, Investor's Business Daily)
Victor J. Cacciatore, real estate developer and banker,1930-2013
Over the next 70 years, Mr. Cacciatore maintained myriad real estate interests while also practicing law, starting a major street-sweeping operation and making a mark in banking with the purchase of Lakeside Bank on Chicago's South Side. "They don't ... (Jan 2, 2014, Chicago Tribune)
Ask a real estate pro: How to do away with private mortgage insurance
Q: We bought our home in 2005 with a no-down-payment loan that required private mortgage insurance. Since then, we have worked hard to make additional principal payments and have reduced our balance to about 70 percent of the current value. The loan ... (Jan 3, 2014, Sun-Sentinel (blog))
Tour SF's below market units: our most affordable real estate
Welcome to 2014! If becoming a homeowner in San Francisco feels more like a fantasy than a resolution this year, you're not alone. Most all of San Francisco's recent mayors have noted the dearth in affordable homes in this city. Mayor Lee too has made ... (Jan 3, 2014, San Francisco Chronicle (blog))
AZ real estate player, reality TV star in trouble - WFSB 3 Connecticut
"For someone who claims to have as robust a business as this guy does, it's pretty unusual for them to be operating without a license," said real estate attorney Court Rich, who is not affiliated with this case. He said the state statute is pretty ... (Jan 3, 2014, WFSB)
Brooklyn real estate businessman feared kidnapped outside his home
A photo of Menachem Stark circulating online after his wife reported he was kidnapped outside his home. A Brooklyn real estate businessman was kidnapped Thursday night, police fear. When he didn't return home from work Thursday, the man's wife notified ... (Jan 3, 2014, New York Daily News)
Forget the Cold: Manhattan Real Estate Is on Fire
Manhattan real estate ended the year the way it began, at breakneck pace. Nearly 3,300 deals closed in the last three months of 2013, up 26.9 percent from the same period in 2012, according to Douglas Elliman's fourth quarter report. The average sales ... (Jan 3, 2014, New York Magazine)
Real Estate in 2014: A Need-to-Know Guide
In addition to tight credit, rising interest rates and home prices may discourage buyers from purchasing in 2014, says Jed Kolko, chief economist for Trulia.com, the real estate site. Average 30-year mortgage rates bounced from 3.34 percent last ... (Jan 3, 2014, The Fiscal Times)
Low housing supply worries real estate agents, buyers
A new report from Redfin, the real estate brokerage, found buyers in the fourth quarter continued to be frustrated by the slim pickings, were willing to pay more than a buyer's asking price and were willing to settle for less house if it meant winning ... (Jan 3, 2014, Atlanta Journal Constitution)
1 in 5 Oregon real estate licensees in audit lacked mandatory training
More than one in five Oregon real estate professionals audited while renewing their license in October didn't meet the state's continuing education requirements, and at least one is believed to have faked a certificate from completing a course. The ... (Jan 3, 2014, OregonLive.com)
Two Colorado Springs real estate agents pay $93500 to settle federal fraud ...
Two Colorado Springs real estate agents pay $93500 to settle federal fraud ... (Jan 3, 2014, Colorado Springs Gazette)
Real estate broker: 'We accept bitcoin'
The bitcoin has gained a foothold in one of the hottest business sectors in the country: Manhattan real estate. Bond New York, a Manhattan-based real estate broker, has started accepting the digital currency for real estate transactions, The Post has ... (Jan 4, 2014, New York Post)
Williamsburg Real Estate Developer Believed Kidnapped By Men In Van
A Williamsburg real estate developer was allegedly kidnapped last night outside his office; surveillance video reportedly shows him being forced into a van with two individuals shortly before midnight. The man, who has been identified as 39-year-old ... (Jan 4, 2014, Gothamist)
Attracting younger talent into real estate
Real estate agents are getting old. Well, older, anyway, and that's a source of some concern to many in the brokerage world, who have raised the question repeatedly at industry events in the past few years: As the baby boom generation begins to retire ... (Jan 4, 2014, Chicago Tribune)
Housing tear-downs on the rise as real estate rebounds
"You've got an amazing increase in new construction coming on the market" in Santa Monica, Brentwood and Pacific Palisades, said F. Ron Smith, a founding partner at high-end real estate brokerage Partners Trust. In the city of Los Angeles last year, ... (Jan 4, 2014, Los Angeles Times)
Why We Shouldn't Fear Another Real Estate Meltdown
The Housing market had a great year in 2013, with the last reading of the Case-Shiller housing index showing a more than 13% appreciation of home prices year-over-year. The rapid ascent in prices however, has some pundits worried that we may be in the ... (Jan 4, 2014, TIME)
Menachem Stark was kidnapped outside his real estate office in Williamsburg ...
Menachem Stark was kidnapped outside his real estate office in Williamsburg ... (Jan 4, 2014, CBS Local)
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 Nov. 29. on January 4, 2014 - 4:38 PM. Tweet. ALDEN. • 12641 Genesee St., Teresa D. Fagerburg; Robert H. Fagerburg to Jonathan ... (Jan 4, 2014, Buffalo News)
Real Estate of Edith Wharton's 'The Age of Innocence'
Edith Wharton's corpulent great-aunt Mary Mason Jones served as one of the most memorable inspirations in literary New York: the model for Mrs. Manson Mingott in Wharton's novel “The Age of Innocence.” ... (Jan 4, 2014, New York Times)
Real estate transactions for Sunday, January 5, 2014
E. Grier and Elizabeth D. Allen sold 1079 Cottingham Drive, Cooper Estates to Maitland S. Chase IV for $386,900. Dobson Homes LLC sold 1141 Wexford Park to Christopher M. and Megan M. Leahy for $378,968. Neva Kyser sold 1186 Ayers Plantation Way, ... (Jan 4, 2014, Charleston Post Courier)
Hagan Stone: The who, what, how of area real estate
Nearly all sellers were assisted by a real estate professional in their selling process. These sellers typically sold their home for 97 percent of the list price. Almost half said they reduced the price at least once. The good news for buyers is that ... (Jan 5, 2014, The Tennessean)
Dubai real estate growth behind developer Nakheel's plans to pay $1.1 billion ...
Dubai real estate growth behind developer Nakheel's plans to pay $1.1 billion ... (Jan 5, 2014, Fox News)
'Citizen of the world': An interview with philanthropist, real estate ... - The Jersey Journal
'Citizen of the world': An interview with philanthropist, real estate ... (Jan 5, 2014, NJ.com)
Menachem Stark, Kidnapped Brooklyn Real Estate Developer, Found Dead In ...
Menachem Stark, Kidnapped Brooklyn Real Estate Developer, Found Dead In ... (Jan 5, 2014, Huffington Post)
Real-Estate Tech Takes NYC
For years, the commercial real-estate industry has lagged behind other industries when it comes come to embracing cutting edge Internet technology to provide old services in a new way. But 2014 may be the year that the business begins to catch up as ... (Jan 5, 2014, Wall Street Journal)
Q&A: FIU's William G. Hardin speaks about South Florida real estate
For those studying high finance, Manhattan is the place to be. For film enthusiasts, Los Angeles, of course. And for the wild and woolly world of real estate, there are few better perches than South Florida. William G. Hardin III, Florida International ... (Jan 5, 2014, MiamiHerald.com)
Real Estate Listings for week of Dec. 23, 2013
$820,000 McElroy Real Estate Enterprises LLC to Palms 64 LLC, 0, O.R. Book 02503 Page 3237, Dec. 26. $799,350 Taylor Morrison of Florida Inc to Sarbadhikari Kamal, Sarbadhikari Patricia, Lot 24 Country Club East at Lakewood Ranch Subphase Rr, O.R. ... (Jan 5, 2014, Bradenton Herald)
Bjorn-Roli: Real estate logs a bumper year in 2013
Two-thousand and thirteen was a big year in the Anchorage commercial real estate market. It was a year of big deals. After many years without any Class A high-rise office building transactions, JL Properties started off the year with the purchase of ... (Jan 5, 2014, Anchorage Daily News)
Real estate transactions for Hampden, Hampshire and Franklin counties, Jan. 5 ...
Real estate transactions for Hampden, Hampshire and Franklin counties, Jan. 5 ... (Jan 6, 2014, MassLive.com)
Reality TV real estate star accused
PHOENIX, Arizona (KPHO) – A reality TV star made a name for himself bidding on foreclosed homes. Now he's underwater, accused of operating without a license. The show Property Wars on the Discovery Channel follows several Valley real estate players ... (Jan 6, 2014, wtvr.com)
Blackstone Grop Said Set to Buy More Irish Real Estate
NAMA was set up to take on and sell real estate assets purged from Ireland's lenders after the country's property market collapsed. Irish commercial property prices have fallen by about two thirds from their 2007 peak, and residential property by about ... (Jan 6, 2014, Bloomberg)
Resort real estate market still in a holding pattern
For one thing, the resort sector is more volatile than other types of commercial real estate, said Josh Smith, a commercial real estate consultant for gaming and co-founder of Colliers International Gaming Group in Las Vegas. Operators turn over their ... (Jan 6, 2014, Las Vegas Review-Journal)
Why Manhattan Is the Most Robust Real Estate Market in US
While national home values remained strong this past quarter, 2014 is expected to bring a slowdown of appreciation to much more sustainable levels. The Manhattan real estate market, on the other hand, continues to heat up. Taking a deep dive into the ... (Jan 6, 2014, AOL Real Estate (blog))