Real Estate News

Real estate News 07/2015



Local real estate market as hot as the weather
Real estate agent Laurie Sonnenfeld attributes the quick sales to lots of “pent-up demand” for homes, which will take time to satisfy. And although it's a seller's market, many are wary of putting their house on the market because it could be hard to ...
Real Estate: Rising Interest Rates Wreak Havoc on REITs
Although rising interest rates might signal a strengthening economy, which could benefit real estate fundamentals, we do not expect the macro environment to improve enough to offset what could be another 200-basis-point rise in U.S. government bond ...
Sorensen Real Estate in Viera office; EDC gets grant
VIERA. Sorensen Real Estate. Dale Sorensen Real Estate Brevard announced the opening of its second location in Brevard County with a new office in Viera, 7730 Wickham Boulevard. The announcement comes just over a year since the opening of its first ...
Tinder of Real Estate Helps Users Find the Home They'll Love
HomeSwipe started in August when Lisovestky partnered with Soukeras to use the idea to make real estate simpler. They met Marman, a high school dropout who recently got a Thiel Fellowship, through Facebook and started work on a demo, which got good ...
Miami Real Estate Developer Jeff Soffer Joins Billionaire Ranks
Meanwhile, thanks to his hefty stake in Turnberry Associates, the real estate development company founded by his father, Donald, Soffer–who's co-CEO with his sister, Jackie–debuts as a billionaire. In the late '60s Donald bought 785 acres of swamp and ...
Doubling Down on California Real Estate Lending
After it all but stopped making real estate and development loans following the housing crash, Farmers & Merchants Bank has increased its real estate loans by more than 61% over the last two years. It's a figure that's likely to keep rising as ...
Spitzer, Eklund and others join panels for TRD's Real Estate Showcase in China
The Real Deal is excited to announce that Eliot Spitzer, former New York governor and head of Spitzer Enterprises, Fredrik Eklund of Douglas Elliman and Steve Witkoff of the Witkoff Group are among those who have signed on to be panelists at the U.S ...
Manhattan's Real-Estate Stalemate
It's been yet another record-breaking three months for Manhattan's real-estate market, according to brokerage reports released today. The average price of a Manhattan apartment is now $1.872 million, a new high. But behind all the headline-grabbing ...
Brooklyn real estate firm buys Clarence shopping plaza
An entity controlled by George Butsikaris Realty purchased the plaza at 4101 Transit Road from an affiliate of DDR Corp., a Cleveland-based real estate investment trust that has been steadily selling off its holdings in the Buffalo Niagara region ...
Real Estate news: Unire Group launches water-wise initiatives on 30 million ...
Real Estate news: Unire Group launches water-wise initiatives on 30 million ...
Drones help real estate sales soar
Dill said more than 90 percent of real estate buyers use the Internet to look for their next home, making eye-popping videos and photos all the more important. An impressive sales campaign also gets shared through social media and already has resulted ...
Fosun Expands European Real Estate Business With Resolution Property JV
RPIM, which plans to launch the Resolution Real Estate Fund V later this year, is the first property investment platform in Europe for Fosun Property, and will provide the cornerstone funding for future Resolution Property funds. RPIM will invest in ...
East Greenwich home sells for $555K | South Jersey real estate
Real-estate-sign.jpg South Jersey Times. ALLOWAY TWP. — 46 Pleasant Hill Road, Phillip Yurgin to Robert W. DeVault Jr. for $302,000. BRIDGETON. — 239 Green Ave., Theophilus Pitter to Mikhail Borshchik for $18,000. — 4 Suncrest Ave., Fannie Mae to ...
Toxic real estate: 'The Watcher' house joins list of 'stigmatized' properties
WESTFIELD — Randall Bell is the man people call when they have a house so tainted or so notorious they don't know what to do. The California-based real estate consultant has helped figure out a future for O.J. Simpson's mansion, JonBenet Ramsey's ...
Ask a Real Estate Pro: Inspection key when buying renovated house
Many real estate investors will buy a distressed home and fix it up in order to sell it at a profit. The majority of these deals will be good for all involved. But any time you are buying a renovated home, it requires additional due diligence to make ...
Real Estate Notebook: Delray Commons center fetches $10.75 million
Jeffrey A. Kahn has started a new real estate firm, South Florida Home Pros. The Fort Lauderdale-based brokerage will specialize in new condominiums and golf course communities across Palm Beach, Broward and Miami-Dade counties. Kahn, a former ...
Dosen: Real estate market is all the way back, studies show
Pending home sales have reached their highest level since April 2006 and the housing market finds itself gaining more and more ground as it leaves the dark recesses of the Great Recession in its rear view. New home construction is also showing many ...
Working With A Real Estate Agent: The Real Deal
A good real estate agent can save you time, headaches, and most importantly, money. He or she can help you focus your search or optimize your sale. To find the right agent for you, look for someone who's doing it as a full-time job -- not just to make ...
3 Stocks Advancing The Real Estate Industry
Macerich ( MAC) is one of the companies pushing the Real Estate industry higher today. As of noon trading, Macerich is up $0.38 (0.5%) to $77.15 on light volume. Thus far, 439,890 shares of Macerich exchanged hands as compared to its average daily ...
Calvin Klein, Reba McEntire headline LA's priciest real estate sales
The homes of a fashion designer, a country music singer and a professional golfer were among the top residential real estate sales in the greater Los Angeles area last week. $25 million -- Hollywood Hills West. Fashion mogul Calvin Klein paid $25 ...
Making it as a woman in commercial real estate: An oral history
Adelaide Polsinelli, senior managing director at Eastern Consolidated: When I started, it was unusual to see women in the commercial end of the real estate world. It was hard in those days to be taken as seriously as the men in the industry. However ...
Real people: Real estate community quizzes Houston's mayoral candidates at ...
Real people: Real estate community quizzes Houston's mayoral candidates at ...
Transaction Action: Leasing activity highlights active week in San Antonio ...
Transaction Action: Leasing activity highlights active week in San Antonio ...
Real estate agent Joseph Schutz accused of stealing items from Wilton Manors ...
Real estate agent Joseph Schutz accused of stealing items from Wilton Manors ...
2 Nuns, a Developer and Katy Perry Walk Into a Real Estate Deal
LOS ANGELES — God moves in mysterious ways — particularly when it comes to Los Angeles real estate. And few transactions have proved more mystifying of late than conflicting attempts by the Roman Catholic Archdiocese of Los Angeles and a group of ...
Bargain-Hunting Chinese Snap Up Tokyo Homes in Cash Deals
The trend has already hit Sydney, Vancouver and the U.S. Now it's happening in Japan: busloads of real estate buyers from China coming in, buying up homes and pushing prices higher. Realty agencies in Beijing are organizing twice-monthly tours to Tokyo ...
Humana casts massive shadow over Louisville real estate landscape
Thanks to the help of a local real estate source, who asked not to be identified because of the sensitivity of the situation, we are able to provide details on how much real estate Humana owns and leases in the Louisville area. And it's a considerable ...
Nashville real estate trust sells two sites for $97M
Healthcare Realty Trust, a Nashville-based health care real estate investment trust, has sold two medical buildings totaling 176,000 square feet for $97 million. The properties in Indianapolis are a 118,000-square-foot orthopedic inpatient surgery ...
Top of the Phoenix Lists: Residential Real Estate Brokers
HomeSmart Phoenix ran its string of No. 1 placings on the Phoenix Business Journal's Residential Real Estate Brokers list to four with its performance on the 2015 version of the list, published today. The list was ranked by residential sales volume for ...
FGCU grad turns passion for golf into real estate business
BONITA SPRINGS, Fla. – Golf is a major draw to Southwest Florida, but for potential snowbirds, it can be tough to find the perfect home and golf course. An FGCU grad came up with a solution that, he hopes, will mean big business. For Jason Becker, it ...
New York Real Estate Companies Finalize Imperial Mall Purchase
HASTINGS, Neb. -- Two New York real estate and management companies have finalized their purchase of Imperial Mall. Namdar Realty Group and Elliot Nassim of Mason Asset Management won the bid after the previous owner, Rockstep Capital put the ...
Alexandria Real Estate Equities Inc (NYSE:ARE)'s Chief Investment Officer ...
Alexandria Real Estate Equities Inc (NYSE:ARE)'s Chief Investment Officer ...
Dale Sorensen Real Estate Opens Second Location In Brevard County
“We realized that the Viera luxury neighborhoods were underserved by the real estate industry and that there was no clear leader in the luxury real estate market.” The agents of Dale Sorensen Real Estate are experts in the luxury real estate market and ...
Time To Review Your Pennsylvania Real Estate Assessments (July 2015)
Today's economy has caused many property owners to experience declining rents, increased vacancy and the need to become "creative" in leasing space. These factors have aided an already declining real estate market in devaluing property for real estate ...
Real estate market recap, June 29-July 2
StreetEasy's condo price index showed: The value of condos sold in Manhattan during May was 11.6 percent above the market's previous peak in September 2007. With only 3,778 units on the market, May 2015 offered the lowest number of available condo ...
Lebanon County real estate transfers — 7/5
Timothy S. Koenig to Daniel T. Dengler and Susan D. Wright-Dengler, property in North Lebanon Township, $150,000. Eva M. Klinger Estate to Greater Lebanon Refuse Authority, .611 acre of land along Heilmandale Road, $105,000. BP Group L.P. to ...
How Andrew Jackson made a killing in real estate
July 4th comes at a moment of introspection about our history. South Carolina's leaders are calling to rid their statehouse grounds of the Confederate flag—the Civil War symbol brandished by Dylann Roof, accused of killing nine black people last month ...
Manatee church real estate valued at $297 million
Taken together, this property represents about 0.8 percent of the $34 billion of real property in Manatee County, according to the 2014 property tax roll. County property statistics show church grounds occupy about 1,080 acres throughout the county ...
Real estate transactions, July 5, 2015
Evins, Roger A., estate, Evins, Jodie L., administratrix, Andalusia, to Evins, Jodie L., Andalusia; 225 6th Ave. West, Andalusia; $71,700. First Financial Group, Bettendorf, to Esquivel, Luis and Natasha, East Moline; 374 39th Ave., East Moline; $105 ...
Hot trends in the real estate market: Hotel, condo and vacation rental booms ...
Hot trends in the real estate market: Hotel, condo and vacation rental booms ...
A new ballgame: Sports teams find real value in real estate
On the North Shore, the Pirates and the Steelers have partnered directly with Continental Real Estate Cos., in developments and in other cases have leased land to the Columbus firm. The teams hired Continental to develop the land between the stadiums ...
The Record: Real estate transfers, July 5
Verdirame, Joseph D. and Karen M. to Vann, R. Thomas and Gottsch, Gina L., 17505 Island Circle, $1,036,000. Sigmond, Michael E. Trust to Curtis, Kathy J. and Bradley J., 7321 N. 153rd St., $360,000. Pacesetter Homes to Muth, Emily C., 14950 Wild Indigo ...
People on the move at W Real Estate, Bear Republic Brewing and more ...
People on the move at W Real Estate, Bear Republic Brewing and more ...
Real-Estate Matters: Seller should have disclosed failing septic system
Q: Would the title company find out if a septic system was put into my home illegally before closing? The owner lied at closing about the original system. He never got a permit or engineering done for it. Neither the real-estate agent nor my attorney ...
Drones: The Next Frontier in Real Estate Marketing
Though the law was passed a few years back, it was not till June 2014 that the FAA released an interpretation of the law that specifically addressed the real estate implications. After which, Trudeau got in touch with an FAA attorney to explore the ...
La Crosse County real estate transfers for Sunday, July 5
Garrett A. Jerue to JAG Real Estate Investments LLC, 1621 Main St. Tai-Shan Zen to Carol A. Erickson and John C. Mayer, 2027 Winnebago St., $140,000. Ione A. DeBoer Revocable Living Trust to Daniel M. and Debra S. Luing, 2514 and 2517 16th St. S., ...
Erie County Real Estate Transactions
AKRON. • 29 Sylvan Parkway, Gail H. Chaffee; Keith C. Schultz to Nicholas C. Killian; Abigail E. Killian, $138,947. • 54 Brooklyn, Andrew J. Kick to Jennifer Julia Lobur, $29,107. ALDEN. • 12298 Westwood Road, Thomas W. Kosakowski to Justin D. Wagner; ...
Niagara County Real Estate Transactions
CAMBRIA. • Blackman Road, Joseph T. McCabe; Theresa M. McCabe to Richard Alvarez; Amanda L. Alvarez, $275,000. • Baer Road, Martin L. Segarra; Susan C. Segarra to Erik C. Gustafson; Shane L. Gustafson, $56,000. LEWISTON. • Autumn Lane, Patrick ...
5 things moving real estate markets this week
With little new real estate data out this week, expect talk about rising mortgages rates to heat up! Here's five things to watch ... 1. Focus on volatile mortgage rates. Watch Freddie Mac's weekly survey on Thursday to catch the trend. 2. Will the Fed ...
China just threw its struggling real estate developers a lifeline
BEIJING (Reuters) - Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding ...