Real estate News 12/2014
Real estate transactions
Mark Wimberly of Houston Commercial Development represented the seller, Will Fuller Estate. Leases. Office. Patterson-UTI has leased 7,032 square feet at 450 Gears Road, according to the Greenspoint District. Dan F. Boyles Jr. and Liz Westcott-Brown of ... (Nov 30, 2014, Chron.com)
Talk to me about anything but real estate at holiday parties
I was never a fan of holiday parties. But in general, I liked them better before I became a real estate agent. Now, instead of enjoying the party, I often find myself talking shop. People ask me how much their home is worth, and expect an answer on the ... (Dec 1, 2014, Inman.com)
How 3-D is changing real estate
Real estate agent Shawn Battle recently received a flood of questions about one of his listings from an agent representing a relocating buyer. The real estate agent could have answered all of the buyer's questions. He sent an online 3-D model of the ... (Dec 1, 2014, Inman.com)
Sadovi joins Crain's as real estate reporter
Maura Webber Sadovi, a veteran business reporter, has joined Crain's Chicago Business, where she will cover residential real estate. Sadovi was a commercial real estate columnist and freelance contributor at the Wall Street Journal from 2005 to late ... (Dec 1, 2014, Crain's Chicago Business)
Boutique real estate group opens in renowned shopping district
A mailer that went out to residents in the community says Mirsky will donated $350 to local charities on every sale above $200,000. Antique Row has seen a resurgence in recent years. Jim Arrigo, of Arrigo Dodge Chrysler Jeep, bought a property in the ... (Dec 1, 2014, Palm Beach Post (blog))
10 US Real Estate Markets Investors Should Watch
As with any type of investment vehicle, anyone who wants to succeed in the realm of real estate investing needs to be a studious observer of market trends. Tracking everything from unemployment, job creation, population migration and economic stability ... (Dec 1, 2014, U.S. News & World Report (blog))
Web-based real estate listing service from Austin makes move into DFW
Real estate is one of the last industries to conform to technology and this new technology will help free up data, said Craig Hancock, one of the co-founders of RealMassive, which has raised $4.1 million to-date, with about $18 million in equity to ... (Dec 1, 2014, Dallas Business Journal)
Real estate's top producers to share 'how they built it' at Real Estate ...
Real estate's top producers to share 'how they built it' at Real Estate ... (Dec 1, 2014, Inman.com)
William Hearst's Historic New York Real Estate On The Market
Another piece of New York Hearst real estate is also on the market — his penthouse quintuplex at 137 Riverside Dr. After originally leasing the top 3 floors, Hearst purchased the building in 1913 for $950,000. The quintuplex was originally listed at ... (Dec 1, 2014, Forbes)
Denver real estate player Apartment Realty Advisors scooped up in $110 million ...
Denver real estate player Apartment Realty Advisors scooped up in $110 million ... (Dec 1, 2014, Denver Business Journal (blog))
Realogy franchisor builds suggestion box for real estate tech
Ever had an idea for a cool real estate product or service that would make life easier or better but didn't know where or how to share it so that it had a chance of inspiring a product? Now there's a place. Better Homes and Gardens Real Estate has ... (Dec 1, 2014, Inman.com)
Amazon real estate chief dreams of turning company's parking garages into ...
Amazon real estate chief dreams of turning company's parking garages into ... (Dec 1, 2014, GeekWire)
Real estate website proves too good to be true for relocating family
KANSAS CITY, Mo. — In a few weeks Markie McClendon and her family are saying good-bye to Kansas City. They've sold their home and started the search for a new one in their soon-to-be-new hometown of Denton, Texas. It was that house search that led ... (Dec 1, 2014, fox4kc.com)
Why You Shouldn't Mix Real Estate with Relatives
If you're shopping for a home or selling your current one, it can be helpful to have a family member or friend of the family that's a real estate agent. However, if they don't specialize in your community or know your market, think twice about ... (Dec 2, 2014, Lifehacker)
Raleigh's Dream Living Realty aligns with ERA brand
ERA Real Estate, a global firm, has been trying to establish a larger presence in the Triangle with two other small partnership offices in the region, including a Raleigh office for the much larger Fayetteville-based ERA Strother Real Estate firm and ... (Dec 2, 2014, Triangle Business Journal)
The real estate issues to watch for in 2015
After the frenzied sales of 2013, New York City's real estate market didn't miss a beat in 2014 — though its pace showed signs of stabilizing, even as prices reached new heights. Despite the overall market's widely-described return to “normal,” the co ... (Dec 2, 2014, The Real Deal Magazine)
China's Real Estate Slump Made Worse By Shadow Banking, Credit Risks Rise ...
China's Real Estate Slump Made Worse By Shadow Banking, Credit Risks Rise ... (Dec 2, 2014, International Business Times)
Dodgy Home Appraisals Make a Comeback
Home appraisers are inflating the values of some properties they assess, often at the behest of loan officers and real-estate agents, in what industry executives say is a return to practices seen before the financial crisis. An estimated one in seven ... (Dec 2, 2014, Wall Street Journal)
Regent Properties gets $300M; looks to spend on DFW real estate
Los Angeles, California-based real estate investor Regent Properties has closed on more than $300 million in equity commitments to acquire office property throughout the western United States, including Dallas-Fort Worth. The firm has received equity ... (Dec 2, 2014, Dallas Business Journal)
Commercial real estate boom could spell trouble for Denver metro nonprofits ...
Commercial real estate boom could spell trouble for Denver metro nonprofits ... (Dec 2, 2014, Denver Business Journal)
Legality of real estate drone use still up in the air
And the FAA has made it clear that taking pictures of real estate by real estate agents and brokers is commercial, and not merely a hobby. I have heard that several real estate companies in New York have been issued subpoenas by the FAA and that fines ... (Dec 2, 2014, Chicago Tribune)
Seattle commercial real estate icon Jim Norman changes direction
In 1981, he formed his own eponymous, full-service real estate company, where he was at the center of the industry. If you wanted to know what was what, you called Norman, whom peers have called one of the most well-known, well-respected real estate ... (Dec 2, 2014, Puget Sound Business Journal (Seattle) (blog))
Alexandria Real Estate REIT Inks Rx For Pharma Boom
is a real estate investment trust focused on developing science and technology campuses in top urban clusters, adjacent to leading academic and medical institutions, in order to create a collaborative environment. The company's activity is centered on ... (Dec 2, 2014, Nasdaq)
Massaging the pain points: Jason Finneyfrock, real estate hacker
I could see the pain points in a real estate transaction and the ways that computers and the Internet could and would solve them. The action was moving online, and people would be doing more and more searching and filtering from the couch. Agents were ... (Dec 3, 2014, Inman.com)
Turkish Real Estate Stocks Fall After Simsek Pledges Wider Taxes
Turkish real estate stocks fell in Istanbul after Finance Minister Mehmet Simsek said the government will broaden capital-gains taxes on real estate sales. The Borsa Istanbul Real Estate sub-index fell as much as 1.7 percent in Istanbul. Emlak Konut ... (Dec 3, 2014, Bloomberg)
Meet The 'E*Trade Of Real Estate'
Nav Athwal used to work as a private attorney representing REITs and private real estate investments. He witnessed firsthand the problems people both trying to invest in real estate and those seeking capital from investors experienced when trying to ... (Dec 3, 2014, Benzinga)
Glass houses: Your personality helps predict your real estate choices
The research, by Dr. Danny Ben-Shahar of Tel Aviv University's Faculty of Management and doctoral candidate Roni Golan of the Technion Institute of Technology, finds a correlation between personality and individual real estate choices, and a follow-up ... (Dec 3, 2014, Phys.Org)
Real Estate in British Columbia
The 2008 financial crisis hit the Whistler real estate market so hard that it is still fresh in the minds of local real estate agents. “One of the first things people let go of is their second homes when money gets tight," said Steven Shuster, an agent ... (Dec 3, 2014, New York Times)
Real estate tech firm Kinglet raises $500K from big-name investors in angel round
Locally, Kinglet has partnered with Corporate Office Properties Trust in promoting its model of temporary office space listed on the real estate website. Kinglet handles the paperwork and payments for the office space, while the landlord is expected to ... (Dec 3, 2014, Baltimore Business Journal (blog))
Equity Crowdfunding Site Embraces Real Estate
Founder and CEO Judd Hollas explains the appeal of real estate, ”Most real estate investments pay an ongoing yield that is backed by tangible assets. Real estate projects are hence typically perceived as lower risk investments with the combination of ... (Dec 3, 2014, Forbes)
Real estate developer goes double or nothing on market
It's a real estate doubleheader. One savvy New York City developer is so confident in the future of the Manhattan condo market that he's building two residential towers on the same block on the Upper West Side. He's confident in the strategy because ... (Dec 3, 2014, New York Daily News)
Why the Phoenix real estate market is slow, could stay slow and what needs to ...
Why the Phoenix real estate market is slow, could stay slow and what needs to ... (Dec 3, 2014, Phoenix Business Journal (blog))
Global Real Estate Investors Skip China, Look to Japan
Real-estate investors looking for deals in Asia-Pacific are avoiding most Chinese cities and looking instead at places like Japan and Australia. A glut of properties, poor returns and a weakening economy in China have hurt investors' appetite for real ... (Dec 3, 2014, Wall Street Journal (blog))
There were 1441 local real-estate deals last month; here is the full list of ...
There were 1441 local real-estate deals last month; here is the full list of ... (Dec 4, 2014, Buffalo Business First)
CSU event forecasts 2015 real estate outlook
The Everitt Real Estate Center at CSU will hold its 2015 annual forecast from 4 to 7 p.m. Wednesday, at Embassy Suites in Loveland. The event will include presentations on what experts expect for the commercial and residential real estate markets in ... (Dec 4, 2014, The Coloradoan)
Women's real estate groups merge
The Association of Real Estate Women, known as AREW; and New York Commercial Real Estate Women, which is most commonly referred to as NYCREW, will join together. By doing so, the two organizations hope to concentrate their resources, add new ... (Dec 4, 2014, Crain's New York Business)
2015 Investor's Guide: Don't buy this, buy that—Real Estate Stocks
Sometimes the smartest actions are the ones you don't take. That old dictum seems relevant at a moment when the markets are a paradox: Each new high only makes many veteran investors more nervous that disaster looms. Between lofty valuations ... (Dec 4, 2014, Fortune)
These over-the-top home customizations will bring down your real estate value
"If they have sought out a unique feature, and paid for it, they think it's valuable and will overprice the home because of it," said Brendon DeSimone, real estate expert from Zillow. Over-the-top features and customizations can even degrade a luxury ... (Dec 4, 2014, CNNMoney)
Spain's Bad Bank Picks Firms to Sell Real-Estate Assets
The coveted job will give the three U.S. firms commissions and insight into Spain's recovering real-estate market. The bad bank, known by its Spanish acronym Sareb, chose Spanish bank Banco de Sabadell SA in November to manage assets worth about ... (Dec 4, 2014, Nasdaq)
Spain's Bad Bank Picks Apollo, TPG and Cerberus to Sell Real-Estate Assets
The coveted job will give the three U.S. firms commissions and insight into Spain's recovering real-estate market. The bad bank, known by its Spanish acronym Sareb, chose Spanish bank Banco de Sabadell SA in November to manage assets worth about €7 ... (Dec 4, 2014, Wall Street Journal)
Real estate crowdfunder seeking to crowdfund itself
Investors can use iFunding to buy shares (equity funding) of single-family homes, new construction homes, multi-family properties and even multi-project funds. It also pools cash from investors into loans (debt funding) earmarked for real estate ... (Dec 4, 2014, Inman.com)
First Lady Of Mexico Among Ranks Of Foreign Millionaires With Luxury Real ...
First Lady Of Mexico Among Ranks Of Foreign Millionaires With Luxury Real ... (Dec 4, 2014, Forbes)
Real Estate Marketing in the Digital Age: Where Do You Stand?
A real estate search engine like Trulia, Zillow or Redfin has GOT to be your first port of call online. These are sites that act as virtual marketplaces for real estate buyers and sellers showcasing properties by location, budget, house type, and more ... (Dec 4, 2014, Business 2 Community)
Two Tampa Bay men sentenced to 20 years in NC real estate fraud case
Banks have foreclosed on all of the property, giving some of it to charitable groups and selling the rest for as little as $2,000 a lot. Rabuffo began acquiring land in 2004, putting all but a single lot in his former wife's name. He subsequently sold ... (Dec 4, 2014, Tampabay.com)
Downtown's Bank of America Plaza building sold to two real estate investment ...
Downtown's Bank of America Plaza building sold to two real estate investment ... (Dec 4, 2014, San Antonio Business Journal)
Olympic Hype? What the Games Could Do To Boston Real Estate
Factors like geography, size, relative maturity of the local property market, and the local economy are very important to whether the Olympics will be beneficial to the local real estate market, according to a 2011 report by Jones Lang LaSalle, a real ... (Dec 4, 2014, Boston.com)
China's Hunt For Overseas Real Estate Yield -- Barron's Asia
If you've been wondering whether the China-fueled rise of real estate prices in cities like New York, Sydney and London is going to slow, think again. The trend is only likely to get deeper and broader as smaller developers and wealthy investors follow ... (Dec 5, 2014, Nasdaq)
Private Equity Real Estate Funds Get Big in 2014
Now data tracker Preqin says that the value of the assets under management by closed-end private real estate funds stood at $742 billion at the end of June, an increase of $50 billion since Dec. 2013. Preqin said that a large proportion of the growth ... (Dec 5, 2014, Wall Street Journal (blog))
Try to postpone foreclosure by starting short sale
If your home is "underwater," your lender can come after you for the difference between what you owe and what the property is worth when it's sold. This is called a deficiency judgment. Your lender may be able to garnish your wages or take your assets ... (Dec 5, 2014, Sun Sentinel)
Real Estate Decisions Reflect Personality
Dr. Danny Ben-Shahar of Tel Aviv University's Faculty of Management and doctoral candidate Roni Golan of the Technion Institute of Technology, discovered a correlation between personality and individual real estate choices. And, in a follow-up study ... (Dec 5, 2014, PsychCentral.com (blog))