Real estate News 07/2014
Capital Real Estate: Crane workers might strike
RATNER MAKES THE CUT — “McCray picks developers, donors for Mayor's Fund board,” by Capital's Sally Goldenberg: “A mix of real estate executives, union representatives and celebrities comprise the new board of advisors to the Mayor's Fund to ... (Jul 1, 2014, Capital New York)
Super rich driving higher prices in New York real estate
The Manhattan real estate market is now a tale of two cities—the merely rich and the super rich. While prices for one-bedroom and two-bedroom apartments fell in the second quarter from the first quarter, prices for big, new condos soared by double ... (Jul 1, 2014, CNBC.com)
Lew Urges Yuan Gains, Sees No Global Risk From China Real Estate
Treasury Secretary Jacob J. Lew urged China to let its currency appreciate further and expressed confidence the world's second-largest economy has the tools to manage a frothy real-estate market. Speaking before a key U.S.-China economic meeting next ... (Jul 1, 2014, Bloomberg)
Zillow takes over real estate search at MSN Real Estate
It's the second portal relationship that Zillow has taken over from realtor.com operator Move Inc. in the last six months. In December, Zillow began powering search at AOL Real Estate when Move's three-year relationship with the portal came to a ... (Jul 1, 2014, Inman.com)
Everything's Negotiable -- Including Real Estate Commissions
There is a battle going on in the business of real estate brokerage. It's been going on for quite a while, but the alternative approaches to the full service-full profit real estate commission haven't yet gone mainstream. Sure, there are discount ... (Jul 1, 2014, Huffington Post)
ULI-NM taps area execs on commercial real estate trends
ULI-NM wants to hear opinions on a variety of subjects, including investment activity, real estate business prospects, property values, rental rates, job growth and tax policies. The annual survey comes in concert with the national ULI's Emerging ... (Jul 1, 2014, Albuquerque Business First)
What To Wear: Real Estate Connect
Inman News, an online real estate industry news source, will host more than 2,000 real estate professionals at its annual Real Estate Connect conference, July 16 to 18, in San Francisco, to discuss rapidly evolving real estate technology. It is the ... (Jul 1, 2014, Forbes)
Homebuyers Avoiding Chores Fuel U.S. Condo-Hotel Revival
“I love the amenities the building will have -- a restaurant that can provide room service, a concierge, maintenance, a person that can clean your place, valet parking,” said Viete, 25, who works for his family's real estate company in Caracas. The ... (Jul 2, 2014, Bloomberg)
China Real-Estate Market Weakens
In a further sign of weakness in China's troubled real-estate market, land sales in 300 cities fell by nearly a third in the second quarter from the same period a year earlier, as property developers grapple with declining home purchases and falling ... (Jul 2, 2014, Wall Street Journal)
Capital Real Estate: Silverstein project would be one of city's tallest
GOOD WEDNESDAY MORNING: Welcome to Capital Real Estate. This roundup is for you, so please tell us how we can make it better. Send tips, news, ideas, calendar items, releases, promotions, job postings, birthdays, congratulations, criticisms and ... (Jul 2, 2014, Capital New York)
Manhattan Real Estate Isn't as Hot as It Looks
Brokerage firms released their second-quarter reports for Manhattan's real estate market today, and on paper, it's been another nutty three months. Inventory continues to be a problem (though it's getting better), with the number of listings going up ... (Jul 2, 2014, New York Magazine)
House Hunting in ... Turkey
Several of the apartments are on the market at various prices; the entire building could be bought for $8.2 million, said Cindy Uriona, a broker with the Luxurion Real Estate Group in Istanbul, which has the listing. Historic features of the eight ... (Jul 2, 2014, New York Times)
Real estate video shows the 'lake life'
A few weeks ago, a real estate video advertising a luxury Uptown property (and a fellow with killer abs) went viral drawing praise and guffaws alike. Now, the same agency, Lakes Sotheby's International Realty, is marketing a new property in Orono in ... (Jul 2, 2014, Minneapolis Star Tribune (blog))
Real Estate Roundup: High tech firms snag office space
Ansys Inc., which develops simulation software, leased 13,959 square feet at La Cimas II, 805 Las Cimas Parkway. Kevin Granger and Brian Liverman with Peloton Commercial Real Estate represented the landlord and Jeff Pace, formerly with JLL, ... (Jul 2, 2014, Austin Business Journal (blog))
Hillsborough real estate transactions for July 4
316 Royal Bonnet Dr., to Real Estate Mortgage Network Inc by Fabian Rios, $151,100, 05-22-2014. 723 Eagle Ln., to Deutsche Bank Nationalst Co by County Clk Hillsborough & Catherine Rohner, $144,100, 05-13-2014. 7510 Surrey Pines Dr., to Doug ... (Jul 2, 2014, Tampabay.com)
Crowdfunding changing real estate financing for operators and investors
Two years ago, U.S. Congress passed the JOBS (Jumpstart our Businesses) Act, which empowered smaller companies to raise financing more easily. The law also opened the gates for long-term expansion in the real estate investor base, through ... (Jul 2, 2014, Real Estate Weekly)
Area real estate agent responds to personal profile questions
Most significant or interesting job: I view my second career working as a real estate agent with Moreland Properties as the most significant of my career. It has allowed me to tap into my background of finance, real estate and my history of living in ... (Jul 2, 2014, Austin American-Statesman)
Exclusive: Paramount Group eyes mega US real estate IPO - sources
The landmark IPO could raise around $2 billion in proceeds, according to the people, which would make it the second-largest U.S. real estate public offering behind Hilton Worldwide Holdings Inc (HLT.N), which raised $2.7 billion in 2013. Paramount has ... (Jul 2, 2014, Reuters)
REAL ESTATE: Realtors mourning the death of Richard Tegley, a decades-long ...
REAL ESTATE: Realtors mourning the death of Richard Tegley, a decades-long ... (Jul 2, 2014, Press-Enterprise)
How New York Real Estate Became a Dumping Ground for the World's Dirty ...
How New York Real Estate Became a Dumping Ground for the World's Dirty ... (Jul 3, 2014, The Nation.)
How to Buy a Home in a Competitive Real Estate Market
Demand for real estate is growing in many markets across the country. That's great, but it creates competition in the form of all-cash offers, offers for thousands of dollars over list price, and a growing gap between affordability and prices in a ... (Jul 3, 2014, Fox Business)
Reis: Boston's retail real estate market improving ... slowly
That's according to a new report by real estate research firm Reis Inc., which said the region's retail-property vacancy rate was 6.5 percent as of June 30, some 10 basis points better than where it was three months earlier. The local market's vacancy ... (Jul 3, 2014, Boston Business Journal)
Online real estate company's photo squad at work taking pictures of your ...
Online real estate company's photo squad at work taking pictures of your ... (Jul 3, 2014, CHS Capitol Hill Seattle)
Joseph M. Jayson, founded real estate, energy firms
Joseph M. Jayson of Getzville, who founded real estate and energy exploration and production companies, died unexpectedly last Friday at his summer home in Fort Erie, Ont. He was 75. A standout in football and track and field specializing in the shot ... (Jul 3, 2014, Buffalo News)
Celebrity Real Estate: Neil Patrick Harris, Cindy Crawford, Wilford Brimley
Neil Patrick Harris may be starring on Broadway as a transgender entertainer in “Hedwig and the Angry Inch,'' but he's no Valley girl/guy – at least he won't be for much longer. NPH may have already found a buyer for his Sherman Oaks-area mansion that ... (Jul 3, 2014, Forbes)
Commercial real estate notes
Pace Properties represented parties in these transactions: • Resolutions LLC in the lease of 6,600 square feet of retail space at 2215 Highway K, O'Fallon, Mo., to Kirkland's. • Maple Tree Center LLC in the lease of 2,700 square feet of retail space at ... (Jul 3, 2014, STLtoday.com)
Manhattan Real Estate Sales Are on the Rise
The Manhattan spring market posted very activities and generated more sales compared to the same period last year, brokerage firms reported. Douglas Ellman Real Estate said although inventory has been rising since reaching an unprecedented low at the ... (Jul 3, 2014, International Business Times AU)
Fairfield Man Offers Bentley to Real Estate Agent Who Sells His Home
Fairfield resident David Chaifetz is looking to sell his Greenfield Hills palatial home and according to one report, he's willing to use his 2007 Bentley convertible as an incentive for real estate agents. According to News 12, Chaifetz will pay the ... (Jul 4, 2014, Patch.com)
Real Estate Survey Lists Minnesota Among Least Patriotic States
The real estate site, Movoto, used criteria such as national historic landmarks per capita, veterans per capita, how much each state spends on vets, percentage of people who votes, how many people Google “buy American flags” in the state and the number ... (Jul 4, 2014, CBS Local)
WHO'S NEWS: JLL'S new international directors; Eric Rosedale's global role at ...
WHO'S NEWS: JLL'S new international directors; Eric Rosedale's global role at ... (Jul 4, 2014, Real Estate Weekly)
FAA, developers clash over tall buildings
The government wants to dramatically reduce the allowable height of potentially thousands of buildings near airports around the country — a proposal that is drawing fire from real estate developers, local officials and members of Congress who say it ... (Jul 4, 2014, Richmond Times-Dispatch)
Real estate transactions
The Bascom Group has acquired Sierra at Fall Creek, a 252-unit property in the Fall Creek master-planned community in northeast Houston. Debt financing was provided by California Bank and Trust and arranged by Brian Eisendrath at CBRE Capital ... (Jul 4, 2014, Houston Chronicle)
Biggest Wealth Fund Forms New Real Estate Group
Norway's $890 billion sovereign wealth fund, the world's biggest, is seeking top executives for a new real estate group that will invest almost $10 billion annually in properties over the next three years. The fund, based in Oslo, is looking to hire ... (Jul 5, 2014, Bloomberg)
Real estate: Minimalist, midcentury homes
Real estate: Minimalist, midcentury homes. Ken and Shirley Reed are downsizing and selling their Don Hershey designed home. Loading… Post to Facebook. Real estate: Minimalist, midcentury homes Ken and Shirley Reed are downsizing and selling their ... (Jul 5, 2014, Rochester Democrat and Chronicle)
Real Estate Sales Figures Climbing for Raleigh
The long-gestating student apartment complex proposed for Hillsborough Street across from the bell tower has at long last been approved by City Council. Following a pretty heated debate between veteran and freshman Councilors the vote was once again ... (Jul 5, 2014, Raleigh Public Record)
Tougher market: Lubbock real estate options limited, but prices not fluctuating
The cause of those emotions was that Lubbock's real estate market has gone through a boost so big it has become tempting to call it a seller's market, which is how Nancy Rawls, the president of the Lubbock Association of Realtors, describes it. Rawls ... (Jul 5, 2014, LubbockOnline.com)
Erie County Real Estate Transactions
ALDEN. • 13251 Colonial Woods Drive, Krista Mack; Jeffrey E. Mack to Jerome A. Krull, $123,700. AMHERST Highest price: $899,999 Average price: $192,975 Median price: $168,500 Number of Sales: 52. • 43 Hidden Pines Court, Maureen Bollier; ... (Jul 5, 2014, Buffalo News)
Transactions of real estate published Sunday, July 6
Transactions of real estate published Sunday, July 6. Story · Comments. Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Posted: Saturday, July 5, 2014 7:31 pm. Transactions of real estate published Sunday, July 6 ... (Jul 5, 2014, Press of Atlantic City)
The Realities of Real Estate: Different types of home loans
When someone buys a home, they can either pay cash or finance the purchase. Increasingly, people are paying cash. Nationally, 33 percent of all home sales during the first three months of 2014 were cash deals. That's an all-time high and compares with ... (Jul 5, 2014, CapitalGazette.com)
FAA says drones for commercial usage illegal
Real estate agents are increasingly taking their work to the skies, using remote-controlled aircraft to film bird's-eye-view video tours of homes, land and commercial properties. It's a great way to interest potential buyers, agents say. The only ... (Jul 5, 2014, DesMoinesRegister.com)
How real estate companies use drones
Drone footage is more common among real estate agents selling mansions and homes with several acres, but footage shot from the sky also can help market starter homes and townhouses, Albright said. And it's more than a gimmick, he said. Online metrics ... (Jul 5, 2014, DesMoinesRegister.com)
Real estate deeds
Estate of Betty Jane Foster to Vic A. and Mary J. Stein, 2608 Crystal Creek Dr., Davenport, $192,000. Gary L. and Tiffany J. Williams to Jay J. and Teresa M. Richard, 4024 Spartina Ct., Bettendorf, $270,000. Martin L. and Betty K. Eberhart to Joseph A ... (Jul 5, 2014, Quad City Times)
Real estate transfers
Quick Fix Real Estate LLC to Melvin E. and Digna Dedillo, 319 Fieldale Road Roanoke VA 24012, $61,000 06/11/2014. Stephen K. Christenson PC to Homer E. Yandle, 3631 Sunrise Ave. N.W. Roanoke VA 24012, $64,000 06/11/2014. Wells Fargo Bank to ... (Jul 5, 2014, Roanoke Times)
Real Estate Transfers, July 6
The following is a list of residential real estate transfers recorded in Douglas, Sarpy and Pottawattamie Counties. Each listing tells the seller, the buyer, the street address and the sale price on transactions of $10,000 or more. The sale price on ... (Jul 5, 2014, Omaha World-Herald)
Rising Dubai Real Estate Prices Pose Risk for UAE, IMF Says
Dubai needs to introduce further measures to shield its real estate market from an increase in speculative demand that could cloud the United Arab Emirates' buoyant economic outlook, the International Monetary Fund said after a consultation visit to ... (Jul 6, 2014, Wall Street Journal (blog))
Real estate: What's your neighbor's home selling for?
... * 703 S. Jackson St.; from Fannie Mae; to Ryan Lahaie; $30,100 mortgage, but no sales price available. * 423 Lebanon Ave.; from Garrett G. Peek and Keri M. Peek; to Jeremy Crews; $112,000. * 5 Iowa Ave.; from Walter Sanders; to Ryan W. Hemmerle; ... (Jul 6, 2014, Belleville News Democrat)
Do words prevail over numbers in real estate deals?
The law is very clear throughout the country that courts will not allow two or more people to continue to own property when one wants out. Ultimately, a judge will force the sale, either with a real estate broker or a public sale held in the courthouse ... (Jul 6, 2014, Chicago Tribune)
Developers turn to crowdfunding to seed real estate deals
The Wall Street Journal reported last month that dozens of real-estate crowdfunding sites have popped up in the past year, including FundRise and Realty Mogul. Already, these companies have raised more than $135 million in debt and equity for real ... (Jul 6, 2014, MiamiHerald.com)
All-cash home buyers big players in Capitol Hill real estate market
All-cash home buyers have been a force in the Capitol Hill and Central District real estate markets, too, but prices are now so inflated, even these flush buyers have begun to back off. If you've been looking to buy a home or condo recently, you know ... (Jul 6, 2014, CHS Capitol Hill Seattle)
Google's $600 million real estate shopping spree in Mountain View
MOUNTAIN VIEW -- Google has quietly spent $600 million over the past several years in a real estate shopping spree centered on this quiet suburban Silicon Valley city that already houses its corporate headquarters -- one that could pay off with huge ... (Jul 7, 2014, San Jose Mercury News)