Real estate News 01/2015
Flip or Hold: Best Real Estate Moves for 2015
Wild fluctuations in the nation's real estate cycle have taken investors on a roller coaster ride since the early part of this century. From the first decade, marked by overheated home prices in many of the nation's most popular metropolitan areas, to ... (Jan 1, 2015, U.S. News & World Report (blog))
Retiring Grand Rapids real estate broker reflects
said Kisor, who is retiring from Colliers International, a commercial real estate brokerage he helped build, along with much of downtown Grand Rapids over the past 40 years. Kisor, 70, can point to almost any major downtown development and claim a role ... (Jan 1, 2015, SFGate)
Douglas Durst, in Rare Move, Speaks About Robert Durst Ahead of HBO ...
Douglas Durst, in Rare Move, Speaks About Robert Durst Ahead of HBO ... (Jan 1, 2015, New York Times)
Clouds appear in the crystal ball for Dallas real estate in 2015
I tell people that I'm paid to worry. Actually, I would do it for free. Even when things are booming like they are now for the real estate market in North Texas, I'm always hunting a dark cloud or two to muck up the silver linings. Until recently, that ... (Jan 1, 2015, Dallas Morning News)
How the Iraq War Financed a Beltway Real Estate Boom - The Intercept
Back in the DC real estate doldrums of the mid-1990s, before he helped pave the way for war in Iraq, Stephen Rademaker owned a modest condo in Arlington, Va. Then, a few years later, as a House staffer on the International Relations Committee, ... (Jan 2, 2015, First Look Media)
Ask a Real Estate Pro: Open permits a big problem for the next homeowner
Therefore, it's important when buying a property to get lien letters from the city and county to make sure there are no open permits or other unrecorded issues, such as code violations. If this report shows anything, either have the seller resolve it ... (Jan 2, 2015, Sun Sentinel)
Must buyer and seller agree on a closing date? About Real Estate column
DEAR MR. MYERS: I listed my home for sale last month and quickly received a full-price offer from a woman who wants to close the deal in 30 days. I agreed to her offering price, but sent her a letter stating that I would need at least 60 days to close ... (Jan 2, 2015, NOLA.com)
Real Estate Notebook: Offices, shops sell for $193.8 million
Palazzo Grande, a 16,000-square foot lakefront estate in Palm Beach Gardens, hit the market for $30 million. The home at 5435 Sea Biscuit Road in the Steeplechase development, has six bedrooms, 40 chandeliers, a 1,120-square-foot pool, a ballroom, ... (Jan 2, 2015, Sun Sentinel)
The state of Washington commercial real estate, in charts
For all the concerns about Washington-area commercial real estate, and there are many, there also are reasons to be optimistic about the market in 2015. With a slowdown in leasing that began more than three years ago, tenants with expiring leases have ... (Jan 2, 2015, Washington Post)
Burying St. Joseph statues boosts faith that real estate will sell
"Real estate people come here and buy them by the dozens." While Sierra's store is packed to the ceiling with Bibles, rosaries and other religious items, Joseph is so popular that he commands his own display right by the front door. Prices start at $1 ... (Jan 2, 2015, Tampabay.com)
Bedrock Real Estate website temporarily offline Friday
Detroit —The website for Bedrock Real Estate Service was out of service for part of Friday as a result of “human error” by a third party vendor, said a Bedrock spokeswoman. “We renewed (the domain name) in July 2014,” said Bedrock spokeswoman Robin ... (Jan 2, 2015, The Detroit News)
More private lenders looking at real estate
When Diego F. Burneo started buying and renovating homes in 2011, he had to rely on cash to cover expenses, a restriction that slowed his pace and forced him to split profits with a family member. But in November, the Anne Arundel County real estate ... (Jan 2, 2015, Baltimore Sun)
REAL ESTATE: Inland housing market finds its balance
Within that 12 month stretch, REO — real estate owned — and short sales fell 54 percent in Riverside and San Bernardino counties, as standard home sales began to play a more dominate role in the real estate scene. Standard sales rose 10 percent ... (Jan 2, 2015, Press-Enterprise)
Managing Real Estate Assets in Your Retirement Portfolio
Even if you just have the real estate portion of your portfolio in your primary residence and vacation home, you still need to assess how much of your wealth is tied up in property in case you need some ready cash. Are you planning on retiring within ... (Jan 2, 2015, Morningstar.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 ... (Jan 3, 2015, Inman.com)
Why Real Estate Could Soar in 2015
If rates spike to say, 5%, it could definitely cause a slowdown in the real estate market. However, it's fair to say that more people are expecting rate hikes this year than last year, so it will be interesting to see if buyers try to take advantage of ... (Jan 3, 2015, Motley Fool)
From artist to real estate mogul
From Luxury Listings NYC: Wealthy real estate moguls often dabble in art. After all, the investments aren't that different: both a trophy penthouse and a Picasso are investment vehicles that can be showed off, while accumulating value. But it is ... (Jan 3, 2015, The Real Deal Magazine (blog))
A notorious piece of Washington real estate struggles to find buyers
The pop-up of all pop-ups is trapped in pop-up purgatory. One of Washington's most notorious pieces of real estate — a rowhouse-turned-sky-high condo on V Street NW that soars three stories over its immediate neighbors — is struggling to sell its ... (Jan 3, 2015, Washington Post)
Retiring Grand Rapids real estate broker reflects on career
GRAND RAPIDS – As he posed for a photograph on the 17th floor deck of Bridgewater Place, Ray Kisor surveyed the downtown landscape beneath him with an experienced eye. "It's all here, isn't it?" said Kisor, who is retiring from Colliers International, ... (Jan 3, 2015, Detroit Free Press)
Real estate firm at work renovating East Falls apartment towers
Treetop Development, a Teaneck, N.J.-based real estate firm formed by two high school friends, is making a second major investment in Philadelphia by renovating the 504-unit apartment towers at 5450 Wissahickon Ave. in East Falls. Many commuters no ... (Jan 4, 2015, Philly.com)
On the House: Look at real estate trends locally, long-term
Never mind what you see on CNN or hear on NPR before All Things Considered puts you to sleep. They may try to convince you that there is a "national" real estate market. What you need to remember is that it's all local - right down to the block. When ... (Jan 4, 2015, Philly.com)
Region's real estate sales up, prices down
Real estate sales numbers from January through November 2014 show 654 residential units sold in southeast Oklahoma. That represents a 7 percent increase from the year prior when 610 properties sold in the region during the same time frame. The gross ... (Jan 4, 2015, Mcalester News Capital)
Real estate: What's your neighbor's home selling for?
213 Rose Marie Drive; from Richard A. Delashmit and Jennifer R. Delashmit; to Mark E. Lawrence; $205,000. 208 Lucinda Ave.; from Eric Oetjen; to Jenny Fox; $44,000. 335 N. Florida Ave.; from Joyce Goodnetter; to Steiber Corp.; $35,000. 8109 W. Main St ... (Jan 4, 2015, Belleville News Democrat)
Hoboken officials: PATH service cuts could hurt real estate appeal, including ...
Hoboken officials: PATH service cuts could hurt real estate appeal, including ... (Jan 4, 2015, NJ.com)
New home loan helps lower-income borrowers build equity quickly
The Ongs' real estate agent, Jill Medley, called it "the best loan in the history of real estate." The key feature of the so-called wealth-building home loan is a sharply reduced interest rate on a 15-year term. Instead of requiring a down payment ... (Jan 4, 2015, Los Angeles Times)
Cabinet approves relocating IDF bases, clearing land for real estate
The cabinet on Sunday approved a plan to vacate IDF bases from sites high-demand real estate sites in the country's center, which could potentially free up land for 60,000 residential units. "This is a very great change; this is also the right way to ... (Jan 4, 2015, Jerusalem Post)
Law firms in DC are shrinking, leaving behind vacancies in real estate market
Law firms are the second-largest tenant in Washington after the federal government, and the legal industry's push to downsize in real estate to save money is leaving a gap in the local real estate market. Those 11 firms shrank, or plan to shrink, an ... (Jan 4, 2015, Washington Post)
Stable, strong real estate market ahead in 2015
Chris Anderson, the 2015 president of the San Diego Association of Realtors, says the real estate market has stabilized. Single-family home values went up nearly 5 percent in 2014, while the number of homes sold in the county went down. "Our interest ... (Jan 4, 2015, 10News)
Your Best Real Estate Move: Flip or Hold in 2015?
Wild fluctuations in the nation's real estate cycle have taken investors on a roller coaster ride since the early part of this century. From overheated home prices to the housing crash to the post-recession era, investors have had to adjust and adapt ... (Jan 5, 2015, AOL Real Estate (blog))
Canada Homebuyers Joining Real Estate Doubters: Nanos
The survey of real estate expectations is part of polling for the Bloomberg Nanos Canadian Confidence Index and based on phone interviews with 1,000 people, using a four-week rolling average of 250 respondents. The results are accurate to within 3.1 ... (Jan 5, 2015, Bloomberg)
DTZ completes acquisition of the Cassidy Turley real estate firm
In the Triangle, DTZ employs 18 full-time brokers, ranking it among the five largest commercial real estate firms in the Triangle. The Raleigh office is led by managing principal Rich Harris. The unified company, according to a new release from DTZ ... (Jan 5, 2015, Triangle Business Journal (blog))
Veteran Birmingham real estate exec launches Brik Realty
Gusty Gulas, a veteran of the Birmingham real estate scene, has formed a new firm. Gulas has assembled a group of real estate agents who closed on $43 million worth of homes in 2014 to form Brik Realty. Brik Realty's new office is located at 3430 ... (Jan 5, 2015, Birmingham Business Journal)
Gutzler family also victims of Florida real estate scam
A family of four from Nashville, Illinois were killed when their Piper PA-34 reported engine trouble and crashed in Eddyville, Kentucky on January 2, 2015. Killed in the crash were Marty Gutzler (49) pictured here with wife Kimberly Gutzler (45) their ... (Jan 5, 2015, fox2now.com)
Attorney, investor to highlight real estate seminar
Bronchick has closed more than 1,000 real estate deals and is an authority on buying and selling properties creatively, according to club founder David Dweck. The event will be from 9 a.m. to 4 p.m. at the Double Tree Hilton, 100 Fairway Drive in ... (Jan 5, 2015, Sun Sentinel)
Realtors lukewarm on proposed real estate sale price disclosure bill
Dick Barrett, a Democrat representing Missoula's Senate District 45, to introduce a bill to allow anyone to look up the final sale price of any real estate transaction. According to Kadas, the intent is to give property owners access to more ... (Jan 5, 2015, Billings Gazette)
Here are Seattle area's top 10 real estate deals of the year (slideshow)
Vulcan Real Estate sold this Seattle office and lab building at 401 Terry Ave. N. to Kilroy Realty for $106.1. The price of the building, which is home to the Institute of Systems Biology, works out to $755. The Puget Sound region per-square-foot ... (Jan 5, 2015, Puget Sound Business Journal (Seattle) (blog))
SkyWalker launches two funds for $120M in real estate buying power
Last year, SkyWalker affiliate Arlington-based SCM Real Estate Services merged with New York-based Coldwell Banker Commercial Alliance, which has helped the company position itself in the investment circles, Walker said. The North Texas office is one ... (Jan 5, 2015, Dallas Business Journal)
Real estate data startup Reonomy raises $13M in Series B
Real estate research and data startup Reonomy raised $13 million in its latest fundraising round, The Real Deal has learned. Bain Capital Ventures, which recently invested in social networking giant LinkedIn and test preparation company The Princeton ... (Jan 5, 2015, The Real Deal Magazine (blog))
Realities of Real Estate: Important real estate trends for 2015
As soon as the year-end numbers come in, we'll recap the performance for real estate in 2014. But for now, let's look forward to the trends and market dynamics that are expected to shape real estate during the year that has just begun. As with all ... (Jan 5, 2015, CapitalGazette.com)
US Real Estate Predictions for 2015
Here we go again. But before I get started on real estate predictions for 2015, it's worth noting that my predictions for 2014 were 80% to 85% spot on. Not bad for a professional amateur who isn't paid by the economic think tanks to spew out their two ... (Jan 5, 2015, Huffington Post)
Plunging oil could chip away at million-dollar housing market
Texas economist Jim Gaines, who remains bullish on the local property market, has reasons to believe demand for luxury properties will continue. "The statistics will look different, but it'll still be a decent year," said Gaines, of the Texas A&M Real ... (Jan 5, 2015, Houston Chronicle)
NYC's real estate skyrockets
CAPE CANAVERAL, Fla. — SpaceX had to scrub Tuesday's attempt to launch a Falcon 9 rocket carrying cargo to the International Space Station and make a historic rocket landing in the process. The landing experiment would have involved bringing the first ... (Jan 6, 2015, NBCNews.com)
Real estate advice: What to know about buying or selling a home
Whether you are putting your home up for sale or are looking for a new place to live, listen up! Josh Altman from Bravo's reality show “Million Dollar Listing: Los Angeles” stopped by Studio 1A with his tips for those getting involved with the real ... (Jan 6, 2015, Today.com)
The Other Side Of Real Estate Big Data
Yet the best example of an industry doing big data before it was called that might be real estate. Realtors helping clients price and sell a home have to utilize hard, transactional data on "comps" (recent comparable sales) but must also draw on a ... (Jan 6, 2015, InformationWeek)
D.C.'s $6B real estate market sinks deeper in the eyes of foreign investors
And yet, by at least one measure, Washington's multibillion-dollar commercial real estate market lost its footing over the past year among the world's most coveted commercial real estate investment markets. In its 23rd annual survey, the Association of ... (Jan 6, 2015, Washington Business Journal)
33 people who are changing the real estate industry
In 1982, the Internet protocol suite (TCP/IP) was introduced which in effect, launched the Internet. Nothing has done more to transform culture, the economy and real estate in the last three decades. In honor of the 33rd anniversary, we are recognizing ... (Jan 6, 2015, Inman.com)
FAA Allows First Real Estate Company To Use Drones For Aerial Photography
Douglas Trudeau of Tierra Antigua Realty in Tucson, Ariz., today became the first real estate agent who can legally use a drone for real estate photography. If you have recently looked at the listings in your local MLS (or on Zillow and Redfin), you ... (Jan 6, 2015, TechCrunch)
Feds: Man indicted for real estate fraud scheme
ST. LOUIS • A North Carolina man has been indicted here for a real estate fraud scheme that cost investors more than $1 million, federal prosecutors said Tuesday. Hubolist Elliott, 43, of Cary, offered Florida vacation properties through his company ... (Jan 6, 2015, STLtoday.com)
FAA Grants Permits for Agriculture, Real Estate Drones
The Federal Aviation Administration on Tuesday issued permits to use drones to monitor crops and photograph properties for sale, marking the first time permission has been granted to companies involved in agriculture and real estate. The exemptions to ... (Jan 6, 2015, ABC News)
2015 seen as year for commercial real estate to accelerate
The local commercial real estate market woke up in 2014. In 2015, the market will drink its coffee and find some pep. That's the word from experts in the Las Vegas office of commercial brokerage CBRE, which held a forecasting event Tuesday at its ... (Jan 6, 2015, Las Vegas Review-Journal)