Real Estate News

Real estate News 10/2014



WB chamber property sales ending real estate business
The Wilkes-Barre chamber is finalizing the sale of $1.5 million in property as it exits the real estate business. The move fulfills the goal of the Greater Wilkes-Barre Chamber of Business and Industry and its new president and chief executive officer ...
Arkansas real estate agent's murder highlights perils of the job
Real estate agent Beverly Carter, 49, was found dead on Tuesday, her body buried in a shallow grave behind a concrete mixing plant north of Little Rock. It was a senseless and seemingly random act of violence against a woman who at the time was only ...
Adelaide Polsinelli—a Commercial Real Estate Maverick
In an industry dominated by men, Adelaide Polsinelli has held her own since entering the profession 29 years ago on the residential side at Century 21 Real Estate. Ms. Polsinelli, a senior director at Eastern Consolidated since March 2012, is juggling ...
Real estate photographer buys North Loop building to expand
SpaceCrafting real estate photography is moving its headquarters to the North Loop neighborhood of Minneapolis. Owner Mike McCaw paid $750,000 for the 13,000-square-foot building where he will expand his fast-growing firm. His firm now operates out of ...
Viking Partners launching largest-ever real estate fund
The Blue Ash-based private equity real estate investment firm expects to have investing power of more than $400 million with Fund III. Steven Miller, principal with Viking Partners, said the minimum investment for the new fund is $500,000. Most of the ...
Metro Denver sees record-high office leases; other Q3 real estate highlights
Average asking rate for metro Denver office space was $22.71 per square foot, according to third-quarter data released by commercial real estate firm CBRE Group Inc. Tuesday. That rate is a record-high, according to CBRE, and when certain classes of ...
Revel Casino in Atlantic City Is Sold to Real Estate Company
With an offer of $110 million, a real estate company won the bidding this week for the bankrupt casino, which closed its doors a month ago. The company, Brookfield Asset Management, is buying the casino resort at a fraction of the $2.4 billion it cost ...
Experts on Nashville's real estate scene: It's stupid good
Brian Reames controls 3.5 million square feet in Middle Tennessee, as senior vice president of developer Highwoods Properties. All but 3.8 percent is occupied, a rate too rosy to rely on, if you were calculating the returns of a potential new building ...
Gary Barnett, Controversial Master of New York City Luxury Real Estate
Pritzker is gesturing to Gary Barnett, president of Extell Development, the New York real estate company that built One57, the soaring 90-story glass tower that houses the Park Hyatt. Barnett, 58, doesn't quite fit in at this party. He wears a boxy ...
Follow the Money: A Reporter Tracks Indian Real Estate Investments in the US
An inside look at how a reporter identifies — and reports on — a real estate trend. The housing crash left some major real estate bargains in its wake. I learned that the hard way over the summer after I helped my mom sell her six-bedroom craftsman ...
Top Coaches for Real-Estate Agents
Mr. Gold pays Debbie Holloway, one of 50 real estate coaches at the company Tom Ferry-Your Coach, to force him to achieve his goals. For $1,000 a month, Mr. Gold gets to talk to Ms. Holloway for a half-hour a week, attend company seminars and access ...
What did that house sell for? Real estate in the Tiers
Patricia J. Homerda and Jack R. Collson, individually and as co-executors of the estate of Merle Robert Collson, to Gary L. Collson, $40,000. William F. Redder and Patricia L. Redder, 572 Thompson St., to Peter J. Keenan, $87,600. William J. Maloney ...
This is a problem for real estate
Surprising news out of the real estate market may mean worries for the largest residential rental real estate investment trust in America. Real estate data firm Reis reports U.S. apartment rental ticked up to 4.2 percent in the third quarter of 2014 ...
Rey sees changes in real estate business
CLARKSVILLE, Tenn. – Patrick (Pat) Rey, principal broker for Coldwell Banker Conroy, Marable & Holleman's North Office, likes to reflect back on the past 20-plus years of change in the Clarksville real estate business. He started his real estate career ...
NYC commercial real estate industry is having its strongest year since 2007
The commercial real estate industry is having its strongest year since 2007 thanks to rapidly rising prices, according to a new report released Wednesday. New York City building sales are on track to top $52 billion in 2014, over $12 billion more than ...
Real estate office destroyed by blaze
RANCHO PENASQUITOS — A $500,000 blaze destroyed a Rancho Peñasquitos real estate office late Thursday night, then flared up again hours later, a San Diego fire official said. The fire, believed to be accidental, tore through ERA Eagle Estates Realty ...
REAL ESTATE: 'Ugly Houses' opens Inland franchise
David Hicks, co-president of HomeVestors, said the franchise growth shows there is strong interest in real estate investment in Riverside and San Bernardino counties and poses a way for investors to build a business based on buying, rehabbing and ...
DA: Real estate agent admits stealing deposits from clients
DA: Real estate agent admits stealing deposits from clients. Updated October 3, 2014 4:19 PM By ELLEN YAN [email protected] Jamel Smith plead guilty to grand larceny in a scam in which hopeful renters lost deposits after responding to an ad ...
Real estate: Fall home-staging
Add seasonal — but natural and refined — decorations to the outside of your home, such as a fall wreath, says Leona Piro of Act Two Home Staging in Mendon. (Photo: CARLOS ORTIZ/@cfortiz_dandc/staff photographer ). CONNECT 3 ...
ReWatch: The best way to keep up with local real estate trends
Just as the majority of home sellers use a real estate professional to sell their homes, buyers represented by a local agent are also more likely to have a successful transaction, according to the National Association of REALTORS®, 88 percent of ...
Real Estate Transactions
100 acres at 1283 Clayberg Road, Butler Township, Emanuel D. and Sarah S. Miller to Dan A. and Katie E. Miller, $250,000. 1.52 acres at 2237 Holtz Road, Jackson Township, Inez M. Shepherd to Cory W. Prelipp, $111,000. 243 Chapman Court, Jefferson ...
Downtown LA real estate is drawing NY investors' interest
L.A. County has seen a 23% increase in the dollar volume of investment from the Empire State this year compared with 2013, real estate brokerage Cassidy Turley said. New York investment in the county has surpassed $4.4 billion since the beginning of ...
$37.5 Million Block Sale Indicative of Santa Monica Blvd. Real Estate Boom
The block is situated at the southeast corner of Santa Monica Blvd. and Barrington Ave. in the heart of West Los Angeles with the sale labeled “indicative of the market” by real-estate speculators. The 2.64-acre commercial-zoned property stretches from ...
Real estate notebook: Downtown at the Gardens fetches $141.5 million
The Downtown at the Gardens shopping center in Palm Beach Gardens has sold for $141.5 million. San Diego-based Excel Trust Inc. said it bought the 339,580-square-foot center off PGA Boulevard from Downtown at the Gardens Associates LTD. The deal ...
Virtual house tours give real estate agent an edge
At a San Francisco real estate conference this summer, Brandon Doyle was recognized for using drones to take pictures of clients' homes for sale. But while he was there, the Twin Cities agent stumbled across what he thinks is the next big thing: a 3-D ...
Real estate transfers
Downtown Holdings LLC to MCE Residential LLP, 913 Curtis Ave. N.E., 4943 Hildebrand St. N.E., 314 Frontier Road N.E., 2644 Springhill Drive N.W., 1718 Mercer Ave. N.W., 1811 Mercer Ave. N.W., 2006 Hanover Ave. N.W. Roanoke VA 24012 and 24017, ...
Family creates 'real estate mall'
Chris Pollard, center, and his parents, Millie and Jack Pollard, are the owners of the South Atlantic Real Estate Group. The family last year created a “real estate mall” in a building they renovated in Daytona Beach Shores where their company is one ...
Real estate: What's your neighbor's home selling for?
7500 Claymont Court; from Estate of EllenChrist c/o Deborah K. Christ; to Kenneth Kaburek; $72,000. * 522 Valencia Drive; from Eccles Management LLC; to Doyle W. Clubb and Kathleen J. Clubb; $25,000. * 132 Bourdelais; from Robert K. Sawyer and ...
This Is Why People Are Getting Frustrated With Real Estate Agents
The Toronto Real Estate Board (TREB) hosted a campaign event for Doug Ford this week, giving him a venue to promote his plan to cut Toronto's land transfer tax by 15 per cent. But when a CityTV camera operator asked about real estate agents' fees ...
Lakewood celebrates homecoming; West Side communities top real estate ... - Sun News
Lakewood celebrates homecoming; West Side communities top real estate ...
Real estate agent pens book, donates proceeds to breast cancer research
After 13 years of experience in Maryland real estate, David Orso decided to use his skills to better equip those entering the housing market by writing a book. That this effort would also become a way to pay tribute to his wife was a heartbreaking ...
Real Estate reality TV sheds light on Las Vegas
Las Vegas' real estate is among the most interesting in the country and reality TV knows it. Real estate professionals are making second careers by appearing on camera to highlight some of the best deals. Among those discovering a place in this niche ...
Arnaud Karsenti: betting big on Miami real estate
Karsenti's 13th Floor Investments has raised capital through real estate funds. And in recent times, many of his deals are jointly developed with Key International Realty. Those include 400 Sunny Isles and 1010 Brickell, both high-rise condominium ...
'Champagne Fizz' Goes Flat for London Homes: Real Estate
Twenty one cranes loom over the south bank of the River Thames from Battersea Power Station to the St. George Wharf tower. Here, in the biggest concentration of residential projects in London, developers are steaming ahead just as prices are starting ...
Really rich real estate: San Francisco's five most expensive property tax bills
All but one the top five winners come from S.F.'s Billionaire Row, that aptly named stretch of really rich real estate on Broadway. The gallery above details the address and (staggering) corresponding property taxes. In a nutshell, these homes command ...
City gas stations dwindle in real estate boom
San Francisco's neighborhood gas stations used to service cars, but now they are fueling the city's housing boom. One by one, from the Rincon Hill 76 by the entrance to the Bay Bridge to the busy Tower Car Wash and fuel station where South Van Ness ...
Wine, From Where The Price Of Real Estate Never Goes Down
Tuscan real estate interests go back hundreds of years, when wealthy banking and merchant families built castles and developed farm land (including vineyards) in the countryside near Florence and Siena. Official documents, written in the Tuscan ...
Brighton real estate firm gets new address
A real estate brokerage is changing addresses but not leaving downtown Brighton. Coldwell Banker Town & Country has moved a couple of blocks down the street into a new temporary office space at 209 W. Main St. The move became necessary when its ...
Real Estate Investing Offers Only One Likely Outcome: A Low Return
Six years ago, Ireland's real estate market crashed. Office buildings sat empty, housing developments were left unfinished and $15.7 billion in residential investment loans defaulted or were modified. Fast-forward to today. As I learned on a recent ...
Who Will Step Up and Disrupt the Real Estate Industry?
Diminishing value is something that's been slowly creeping into the real estate industry for some time now. There's less of a need for real estate agents who exist solely to provide consumers with information already available to them via Zillow. If it ...
The Coming Real Estate Glut
If you're a reader of the New York Times, or any real-estate site that focuses on the Big Apple, you have probably spent some time over the last few years marveling about the city's seemingly infinite demand for eight-figure apartments. Well ...
Waldorf to be biggest purchase of US real estate by Chinese buyer
NEW YORK – New York's Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country. Beijing's Anbang Insurance Group agreed to ...
Do real estate guru's past misdeeds matter?
So here's an interesting question: Does it matter that seminars on buying and flipping foreclosed properties are being held by a former Los Angeles lawyer who was convicted in state and federal courts of real estate-related fraud? "For consumers, this ...
Report: Lincoln a top college town for real estate investors
A real estate website says Lincoln is one of the best college towns in the U.S. for investing in real estate. RealtyTrac, which is best known for the foreclosure statistics it publishes every month, collected data from cities with a public university ...
Deutsche Bank Said to Explore Selling U.S. Real Estate
Deutsche Bank is seeking to take advantage of rising real estate values and investor appetite for higher-yielding debt. Financial institutions around the world are also shrinking their businesses because of stricter capital rules and before the ...
5 Ways to Play Fifth Avenue Real Estate
Real estate remains a popular investment theme, and there's no place in the world that does real estate quite like New York's Fifth Avenue. NewYork 5 Ways to Play Fifth Avenue Real Estate The New York Post's Lois Weiss wrote a column September 30 that ...
Big Chinese real estate portal takes 20 percent stake in Century 21 China
SouFun, which claims to be China's leading real estate portal, is taking a $51 million stake in Century 21 China Real Estate, making it a “strategic partner” and the second-largest shareholder in the company. Century 21 China and SouFun said today they ...
A beginner's guide to social media for real estate
There's no doubt now that there are riches to be found in the land of social media and online marketing. But still, so many have not fully experienced the benefits of social media in ways that ring the cash register. If you haven't yet used social ...
Calpers Reboots Its Real-Estate Ambitions
SACRAMENTO—As it pulls the plug on hedge funds, the country's biggest public pension is giving its property portfolio a $7 billion jolt. The California Public Employees' Retirement System plans to increase its $26 billion of commercial real-estate ...
REAL ESTATE: Slower gains predicted in 2015 for home sales, prices
Seller Mentality: "We're seeing sellers who are a little out of sync with what is in the market...There's a little bit of overpricing going on..." Quantitative Easing: "The Fed will likely end its quantitative easing program by the end of the year; but ...