Real Estate News

Real estate News 10/2015



Papelbon's real estate problem
In July, in anticipation of being traded from the Philadelphia Phillies after three seasons, Papelbon sold his 4,200-square-foot penthouse in the trendy Rittenhouse Square area of the city, according to real estate website Redfin. The Philadelphia ...
'99 Homes' review: Real estate gets devastatingly personal
Well before 1925, when the Marx Brothers cavorted through a story about the Florida real estate craze in "The Cocoanuts" on Broadway, the Sunshine State real estate explosion became the boom heard around the world. But explosions go both ways, ...
Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund
Blackstone Group LP, the world's biggest alternative-asset manager, gathered $15.8 billion for the largest fund to invest in global real estate. The firm collected more than 90 percent of the pool, its eighth fund for global property, from institutions ...
Sullivan's Island: The Sleepy South Carolina Enclave with Big-Ticket Real Estate
The locals nicknamed Sullivan's Island, a quaint 2.5-square-mile enclave off the coast of South Carolina, “Mayberry by the Sea.” But if Sheriff Andy Taylor were around today, he might have trouble paying $1.4 million—the island's median sale price ...
Manhattan real estate hits new price record
The third-quarter Manhattan real-estate report from Douglas Elliman showed the real estate market was surprisingly strong given global economic weakness and volatility in the stock market. Inventory is tightening, prices are rising and apartments are ...
Seasoned Real Estate Attorney David Houston Joins Blank Rome in Washington, D.C.
WASHINGTON--(BUSINESS WIRE)--Blank Rome LLP is pleased to welcome David Houston to the Firm as a Partner in the Real Estate group in the Firm's Washington, D.C., office. A recognized real estate attorney in the Washington, D.C., metropolitan area, ...
News Corp's Move buys real estate software startup Reesio
Online real estate transaction management solution Reesio has been acquired by Move, Inc. in a (ahem) move that gives real estate professionals better access to buying and selling tools. Terms of the deal were not disclosed, but Ressio's entire team of ...
Houston's Real Estate Market Feeling The Effects Of Oil's Price Drop
They said it'd be different this time, but it appears that Houston real estate is at a tipping point. The oil price crash is just beginning to be felt in the market, which has until recently proven inexplicably resistant to a severe and increasingly ...
You Might Find Your Next Real Estate Agent on Instagram or Snapchat
Among those experimenting with these social media platforms is Redfin, a national real estate brokerage that has sought to use technology to upend the traditional real estate sales model. The company recently began advertising on Instagram, showing ...
Local Thalhimer office joins CNL Commercial Real Estate
CNL Commercial Real Estate was launched in 2007 by 12 real estate professionals who formerly led Trammell Crow's operations in north Florida. Since then, the company has grown to more than 200 associates in eight offices across the Southeast, and this ...
Blackstone raises record-breaking $15.8B real estate fund
In April, it bought GE Capital's real estate portfolio for $26.5 billion in partnership with Wells Fargo and other investors, in a leveraged buyout using money from several Blackstone real estate funds. And last month, it dished out $3.9 billion for ...
Albuquerque real estate industry still seeks the elusive green dot
Will this be the year for the green dot? The Urban Land Institute annually releases two studies on what 49 leading real estate economists and analysts think about U.S real estate, with input from 36 real estate organizations. The "ULI Real Estate ...
New Iowa City-based real estate firm opens
Thirty-five local Realtors have partnered to form a new real estate firm, which opened its doors Thursday in Iowa City. Urban Acres, 1519 S. Gilbert St., is an independent, member-owned company specializing in residential, commercial and investment ...
Ethan Allen Names Real-Estate Executive to Board
Tara I. Stacom, executive vice chairman of real-estate firm Cushman & Wakefield and daughter of the late Matthew Stacom, has joined the furniture store's board, while long-standing board members Frank G. Wisner and Kristin Gamble plan to step down ...
Lawsuit claims real estate honcho violently abused, raped girlfriend
A jealous Soho real estate investor subjected his much younger girlfriend to a campaign of rape, bondage and humiliation, a shocking new lawsuit charges. “I want you to suffer like Hitler made people suffer,” Steve Kogut, 60, would seethe as he ...
Would you pay $5K for an Atlanta real estate agent you never see?
Who would hire a real estate agent who never bothers to see their home? A new Atlanta startup has launched to convince you to do just that, hoping to tap into our urge for more affordable options when we buy or sell a home. Virgent Realty is just among ...
Real estate: What you get for $225000
SUMNER COUNTY. 104 Bentree Drive, Hendersonville 37075. Year built: 1995. Square feet: 2,213. Description: This three-bedroom, three-full-bath home has new tile flooring downstairs. Features include two garden tubs, a gas fireplace in the great room, ...
Ask a Real Estate Pro: Rec lease complicates condo refinancing
Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. To ask him a question, go to SunSentinel.com/askpro. Q: We live in a large 55-and-over community that has a ...
Broker has passion for real estate
How did you become involved in real estate? I have worked with boutique-style firms and national name brand firms, and none fit my personality and business style as well as Benchmark Realty. The fact that only seasoned, experienced agents are allowed ...
Opinion: Can real estate be commoditized like Tesla-style cars?
Nils Kok, the CEO and co-founder of GRESB, seems to be a genuine believer in an industry often dominated by late entrants into new technology; hence, the whole concept of introducing Telsa-style buildings to the real estate industry is taken with ...
Real Estate's Martin Courtney Made a Solo Record Because He Couldn't Think of ...
Real Estate's Martin Courtney Made a Solo Record Because He Couldn't Think of ...
Experts: Real estate outlook rosy in SWFL
Strong job and population growth will spur a healthy economy and robust real estate development in every sector, the experts told a group of about 150 businesspeople at a Real Estate Investment Society workshop Friday at the Cohen Center at Florida ...
Chinese ADRs Post Best Week Since 2011 as Real Estate Sites Soar
Chinese stocks trading in New York posted their biggest weekly rally since late 2011, led by real estate websites after the central bank reduced down-payment requirements for first-time home buyers in a bid to bolster the industry. The Bloomberg China ...
Colorado real estate industry prepared for new disclosure rules
Starting Saturday, purchasing a home with a mortgage will come with a whole new set of disclosures and different procedures for closing a sale. Bid farewell to the good faith estimate, two truth in lending forms and the complicated HUD-1. Replacing ...
Real Estate Board's John H. Banks: A Regular Joe for a Real Estate HonchoThe ...
Real Estate Board's John H. Banks: A Regular Joe for a Real Estate HonchoThe ...
Shift in demographics crucial to real estate future
Retiring baby boomers “tend to hang out in one place and spend money … and will maybe even continue working” in some capacity, Colorado State Demographer Elizabeth Garner pointed out during a presentation at the Mountain Real Estate Summit Friday ...
Berkshire Hathaway targets luxury real estate market
The Swisher San Marco riverfront estate is a beautiful piece of Jacksonville's history and part of Northeast Florida's 2015 notable real estate of record. Originally built in 1929 for John Swisher of Swisher Cigars, the home on River Road is situated ...
Real estate market recap, Sept. 28-Oct. 2
Real estate market recap, Sept. 28-Oct. 2. The big news in real estate markets, recapped for your convenience. Inman · [email protected] InmanNews Oct 3, 2015. Check Inman every day for the daily version of this market roundup. Weekly mortgage rates: ...
Quincy real-estate mogul Daniel Flynn pleads innocent to federal fraud charges
Flynn, a high-profile Quincy real estate broker and auctioneer for two decades, pleaded innocent during his arraignment in U.S. District Court in Boston to nine charges of wire fraud and mail fraud stemming from allegations he swindled millions of ...
Kenneth Griffin Goes on a Record-Setting Real Estate Spending Spree
Over the last two years, Mr. Griffin, the chief executive of the investment firm Citadel, has gone on a multicity real estate shopping spree. He has spent nearly $300 million and set new price records in three cities, according to people familiar with ...
Florida real estate tycoon selling Dakotas buffalo ranch
MCLAUGHLIN, S.D. — A Florida real estate tycoon is selling a ranch in the Dakotas that has long been a source of frustration for area ranchers and authorities. The 22,000-acre Wilder Buffalo Ranch on the Standing Rock Indian Reservation will be ...
Florida leads U.S. for FAA drone approval in real estate
"I think the certificate is legitimizing the industry to companies who want to use this technology to help advertise, whether it's real estate or television stuff or movies," Horgeshimer said. "It's kind of like you hire a plumber and you'd like him to ...
Growth in local life sciences industry is creating real estate opportunities
This shift has for the most part benefited the local real estate market, where multiple major research universities are located. A report issued last summer by real estate firm JLL ranked the Triangle as the second-best real estate market in the U.S ...
Oct. 4 Real Estate Transfers
Kimberly Iiams and John Iiams to Steven Prohm and Sarah Prohm, property at 5000 Pond View Circle — $835,000. Cameron Farms, LLC to Michael McCoy and Sherry McCoy, property at 5308 Windrose Lane — $90,000. Elaine Cory to Aaron Hill and Amber ...
Niagara County Real Estate transactions
CAMBRIA. • Human Road, Denis E. Lefebvre to Kimberly Mullin; Michael Duchscherer, $240,000. • Marjorie Drive, Gregory A. Zastrow; Adrienne A. Zastrow to Steven C. Gawron; Hattie C. Dolan-Gawron, $220,000. • Daniels Road, Nathan K. Barry; Rebecca ...
Erie County Real Estate transactions
AKRON. • 36 Bloomingdale Ave., Andrew J. McCann to FFU Enterprises Llc, $177,000. ALDEN. • 12908 Main St., Keith J. Kranick; Jacqueline S. Kranick to Thomas E. Anderson; Joan M. Anderson, $150,000. • 1183 Greenfield Drive, Patrick J. Benedyk; Jamie ...
Real Estate: Rodger Erker, OKLAHOMA REAL ESTATE COMMISSION
In the regular monthly meeting of the Oklahoma Real Estate Commission on Sept. 17th, commissioners elected Rodger Erker, OAR member from Tulsa, as their Chairman. Erker's term will run through July 1, 2016. Julie Tetsworth of Coldwell Banker was ...
Ken Griffin goes on $290 million real estate spree
The billionaire hedge fund manager Kenneth Griffin is known as an aggressive trader who waits for prices to fall before buying. But when it comes to personal real estate, Mr. Griffin appears to be less price-sensitive. Over the last two years, Mr ...
CNL set to spin off commercial real estate unit
Orlando-based CNL Financial Group, a private investment management firm, will spin off its commercial real estate division as a separate company owned by its current executives. Terms of the deal were not disclosed. CNL's commercial real estate ...
Saudi to convert state real estate fund into bank
After its conversion the Real Estate Development Fund will offer financing in cooperation with the private sector, the fund said in a statement on Sunday. The al-Riyadh newspaper quoted fund director Yusuf Zughaibi as saying it would offer housing ...
Edwards Abstract and Title Co. hosts real estate forum Nov. 5
Byron Jay Lewis, president and CEO of Edwards Abstract and Title Co. expressed his appreciation for Dr. Dotzour's participation in the State of Real Estate Forum over the past two years. "We are pleased that Dr. Mark Dotzour is returning to the Rio ...
“The Affair's” real-estate porn: Class politics, twisted perspectives and New ...
“The Affair's” real-estate porn: Class politics, twisted perspectives and New ...
Exclusive: Twitter ditches S.F. expansion plan as growth lags
To be sure, Twitter may not hold off on growing its real estate footprint in the U.S. for long. But its last-minute back-out at 1455 Market suggests the company is scrambling to regroup. Twitter's spiked San Francisco expansion would have come with a ...
Real Estate Transfers
Lavern S. Dahl and Tanya G. Dahl to Jody K. Hixson, Tate's, Bill, First Add, Lot Outlot C, Lot Outlot D, Mason City, W 24.5' of Outlot “C”, $85,500. Ashley R. Smith to Cory D. Thorpe and Riana K. Radechel, Pine Brooke First Subdivision, Lot 23, Clear ...
Real Estate Connection: MFA expands assistance
LAS CRUCES — Thanks to some very creative thinking on the part of the New Mexico Mortgage Finance Authority's (MFA's) leadership team, MFA rolled out on October 1st a new program that expands down payment and closing cost assistance to include ...
New real estate contract and closing changes may put consumers on edge
Fall is ushering in big changes for anyone buying and selling a house, requiring consumers, real estate agents and others to get accustomed to new forms and procedures. Local real estate transactions will now be governed by a new sales contract, and ...
Is the global luxury real estate market cooling off?
The luxury London property market finally appears to be in pause mode, and it could stay stuck for a while, as extra costs are piled on to the cost of buying a top-notch home according to high-end estate agent Knight Frank. The hike in the cost of ...
[Study] Zillow rules real estate web traffic but lists fewer properties
Zillow Group's (Z) two portals — Zillow.com and Trulia.com — get more traffic than realtor.com, but Zillow Group sites have fewer listings in most markets, and the two are losing ground in traffic. That's the finding of a lengthy study by BuildZoom ...
Real estate transactions Oct. 5, 2015
$640,000 Cortez Properties Inc to Hinger Patricia L, Lot 54 Harbour Landings Estates, O.R. Book 02588 Page 0217, Sept. 24. $620,000 Peterson Bruce D, Peterson Kimberly O to Rosen Carl David, Bradin Lori, Longboat Terrace Unit 210, O.R. Book 02587 ...
Will China's Troubles affect U.S. Commercial Real Estate?
The recent stock market sell-off was driven mainly by the turmoil in China, which is dealing with the precipitous deflation of a stock-market bubble and is struggling to maintain its economic growth. If China's economy continues to head south, what ...