Real Estate News

Real estate News 03/2016



The 20 Richest Real Estate Barons In The World 2016
Despite the uncertainty roiling global financial markets, the real estate barons of the world are doing relatively well in 2016. Twenty-two people made the FORBES Billionaires List for the first time this year thanks to their real estate holdings ...
Is America Facing Another Real Estate Bubble?
The United States could be in the midst of a real estate bubble as great and as potentially destructive as that in 2007. Real estate analyst Mark Hanson thinks U.S. housing prices are 25% to 60% higher than what the market can support. What's truly ...
3 Real Estate Stocks That Insiders Like
My "Top Two Buying" screen found quite a few senior real estate executives buying their own companies' shares. While I think there are some pockets of overvaluation in top-tier cities like New York and San Francisco, there appears to be quite a lot of ...
Utah commercial real estate firm announces merger
SALT LAKE CITY — Utah-based commercial real estate company Coldwell Banker Commercial Advisors announced an agreement that will make it one of the largest brokerage firms in the nation, company officials said. CBC Advisors has agreed to acquire ...
Real estate bill leaves builders on the edge over delays and financial stress
Lawyers and experts who were part of the deliberations of the select committee of the Rajya Sabha on the Real Estate (Regulation and Development) Bill said the language of the law is not retrospective but prospective and the attempt is to only bring ...
Recent Commercial Real Estate Transactions
$2.85 million. 127 Madison Avenue (between East 30th and 31st Streets). Manhattan. A development and investment firm has bought a vacant 1,272-square-foot retail condominium, designed by Shop Architects, with a 500-square-foot basement, in this ...
BC real estate panel to review sales practices, investigate 'risks' to public
A panel that was set up to examine whether unscrupulous real estate agents are taking advantage of British Columbia's overheated housing market will look into “shadow flipping” and other practices that have come under scrutiny in recent months ...
Sell Booming Shenzhen Real Estate, Buy Banks, Says Huatai: Chart
It's time to sell real estate in Shenzhen, the city in Guangdong province where property is booming like no other in China. That's the view of Huatai Securities Co. analyst Luo Yi, who on March 13 advised investors to sell extra homes in Shenzhen ...
Miami holds own in international sales of real estate
Miami was able to hold its own even as Florida mirrored national trends with fewer international sales but significantly higher dollar volume of residential sales to foreigners in 2015, according to a market update by Teresa King Kinney, CEO of the ...
Real estate scam victims receive compensation
Twenty-nine Indiana victims of real estate scams and foreclosure-relief fraud will carve up more than $70,000 from the state. The victims are property owners from eight Indiana counties, including Elkhart, LaPorte and St. Joseph, according to the ...
Germany Takes UK's Top Spot in Real Estate Investment Survey
Germany has stolen the U.K.'s mantle as Europe's most attractive country for commercial real-estate investment. It ends a two-year British reign at the top, according to an annual survey of global real-estate investors from property-broker CBRE, and is ...
2 local Pa. lawmakers introduce bill to change Philly's real estate tax rates
The legislation is already facing criticism from City Council President Darrell Clarke, who previously said he supports amending to the Constitution so Philly can adjust its real estate tax rate, but he does not want that rate tied to business or wage ...
CrowdStreet raises $3.5 million for online real estate investing
Portland real estate investment startup CrowdStreet has raised an additional $3.5 million to begin marketing its tools for online real estate investment. Conceived as a real estate crowdfunding website when it started in 2013, CrowdStreet now also ...
Real Estate Bill: Home buyer can be jailed if tribunal's order not obeyed
While the bill is largely consumer-friendly, it also defines the rights and duties of an allottee, said Sanjay Dutt, MD of Real estate consultancy firm Cushman and Wakefield. The penalty provision would give an equal footing to both parties involved in ...
Florida Community Bank Welcomes David Lukes to Enhance ...
Florida Community Bank Welcomes David Lukes to Enhance ...
B.C. real estate advisory group looking into predatory sales ...
B.C. real estate advisory group looking into predatory sales ...
March Madness 2016 Brackets: Real Estate Edition
Here's something else about March Madness—according to real estate experts, March is when the real estate madness of the spring selling season really kicks into high gear. After the sleepy winter season, spring is when home buyers start to come out in ...
Former Raleigh City Manager Russell Allen now a real estate developer
A development group that includes Russell Allen, Raleigh's former city manager, has filed plans to build two 5-unit condominium buildings along New Bern Avenue just east of downtown. Since being fired by the City Council in 2013, Allen has formed a ...
McColly Real Estate is hiring now
We are now interviewing a select group of individuals to join McColly Real Estate, Northwest Indiana's #1 independent real estate company! Do you pride yourself in providing excellent customer service? Many of our Top Producing Agents had former ...
Dire Canada Real Estate Predictions Are Defied By This Single ...
Dire Canada Real Estate Predictions Are Defied By This Single ...
The Real App Wants to Be Uber for Real Estate Agents
A long-time Atlanta real estate agent, Janie Slater has been selling homes on and off since 1994. Concentrating on properties in and near Alpharetta and North Atlanta, Slater was at a point where working for a broker seemed, frankly, more trouble than ...
Mayor's comment about ban on real estate solicitations sparks claim ...
Mayor's comment about ban on real estate solicitations sparks claim ...
Drone photography taking off in Bay Area real estate
SARATOGA -- Curt Walton's DJI Phantom 2 zipped this way and that, up and down and around corners of the sleek hillside property that recently listed here for $4 million. Equipped with an HD video camera, the copter dipped and hovered like a hummingbird ...
B.C. NDP to address 'out of control' Vancouver real estate at town ...
B.C. NDP to address 'out of control' Vancouver real estate at town ...
Traditional real estate brokers test 100 percent models — reluctantly
Can't beat 'em, join 'em? That's how traditional broker Ben Schachter is responding to the rise of 100 percent real estate companies. Schachter is broker at Signature International Real Estate in Boca Raton, and he's also an investor in Realty One ...
Toronto's suburbs get their share of the real estate frenzy
Real estate agent Shawn Lackie was greeting house hunters with some trepidation when he listed a house for sale in Whitby, Ont. last week. Multiple offers for desirable houses have been common in the suburbs surrounding Toronto for more than a year now ...
Vancouver real estate town hall has people share their stories
His concern is the real estate developers he says are buying up SROs and renting them at higher prices after minimal renovations. Varley says the city should have more affordable housing for people like him who survive on income assistance. He says ...
lohud real estate: Follow us on social!
Everyone is interested in real estate, whether it's looking for a new place to call home, researching good school districts or being curious about how much the house next door just sold for. Then there are those homes everyone wants to look inside ...
Austin ranks near top nationally for retail real estate — but there's a catch
Austin is ranked No. 2 in the country for retail real estate investment, but the opportunities to take advantage of that robust ranking are limited. National brokerage Marcus & Millichap ranked Austin right behind San Francisco in a new report based on ...
Real estate agent fired for racist comments, hate exchange on social media
Lauren Houston is a real estate agent. Up until Tuesday, she worked for Sam Real Group in Beverly Hills. She was fired for posting racist comments on an Instagram account. Those who read the comments did a little digging and discovered where Lauren ...
New Platform Lets Individuals Invest In Private Real Estate Funds
The month of March is said to come in like a lion and out like a lamb. CapitalFund Realty, the New York-based curator of real estate funds, kicked off the month with a bang with its launch of the world's first online platform that lets individuals ...
Nothing like a native to show you real estate
I was surfing around the real estate world on the Internet and I happened across an article about "native real estate apps." I don't know why, but my first thought was about Tonto getting down off his pinto (whose name was Scout, naturally) to look at ...
Six essential qualities in a real estate agent
Question: We will be looking for our first home in the next year. We are novices and want to know the essential qualities of a real estate agent to look for and also how to identify agents with these qualities. Can you help us? — Josh and Sarah B ...
Director of real estate firm held for non-compliance with consumer forum order
NON-COMPLIANCE WITH the order of a consumer court has cost the director of a real estate company dear. The local police on Thursday arrested Ineet Aggarwal, director of Shalimar Estates Private Limited, for not complying with the order of the State ...
Man with fake Harlem real estate business stole $250G from customers, prosecutors say
A real estate fraudster opened a fake office in Harlem and stole $250,000 in down payments from four commercial customers, prosecutors said Thursday. Dan Stern, 51, who was not licensed, allegedly claimed to be authorized to sell a handful of run-down ...
King County's 25 largest real estate sales in 2015 brought in $4.8 billion
The biggest real estate deal in King County during 2015 involved the tallest building in Washington and a buyer in Hong Kong. Beacon Capital Partners sold Columbia Center to Gaw Capital Partners in a $711 million deal to become the No. 1 ranked ...
Real Estate Roundup: March 18, 2016
Stonegate purchased what was formerly called the Blandin Industrial Park in November for $3.175 million and has since implemented significant upgrades including property-wide surveillance cameras and garage doors. The 160,000-square-foot property ...
Commercial real estate transactions
Joe Santaularia, Brock Wilson and Drew Baccich of Bradford Commercial Real Estate Services brokered the sale with Luke Brown of Brown & Griffin Real Estate Advisors LP. Lorac Real Estate purchased 414,000 square feet of warehouse space and 4.5 ...
Real estate students raise the bar at national competition
Skilled analysis, creativity and intense work propelled students in FIU's Hollo School of Real Estate to the semi-final round of MIT's rigorous CASE Competition. Advancing to the semi-finals alongside Columbia, Cornell, Harvard, Yale, Georgetown, MIT ...
Real Estate Notebook: Central Parc in Tamarac sold out
Central Parc in Tamarac has sold out in less than two years, and now the builder plans to start marketing another new home project nearby. 13th Floor Homes said it has signed contracts for the final five homes of the 253-home community on Commercial ...
WeWork's Radical Plan to Remake Real Estate With Code
Caption: The company's physical footprint is staggering. It leases 2.7 million square feet of real estate in Manhattan alone (it is the borough's largest private tenant), and operates 77 work spaces in the United States, Canada, and Europe. WeWork ...
5 Nebraskan real estate movers and shapers headed into Hall of Fame
Jerry Banks, partner in NewStreet Properties, traces his real estate roots to sweeping out newly built homes for his father, a homebuilder in Glenwood, Iowa. Before turning 24, he bought a Century 21 franchise in Council Bluffs. NewStreet was formed in ...
Fake New York City real estate agent charged with stealing $250000 in down payments
“Dan Stern is accused of orchestrating an elaborate scheme to steal from would-be real estate investors in Harlem,” Vance said in a statement. “This defendant allegedly went so far as to open a brick-and-mortar business to lure potential victims. In ...
Nuestra Comunidad: Hispanics promote their voice in real estate
Buying a home is a dream within reach for anyone equipped with the right advice, according to experts from the National Association of Hispanic Real Estate Professionals, an organization seeking to expand within the Latino real estate market. “We focus ...
BC Government ends practice of shadow flipping in Vancouver real estate
The B.C. Government says it is ending the practice of shadow flipping in Vancouver's real estate market. Speaking in Stanley Park Friday morning, Premier Christy Clark said they are not waiting for a review of shadow flipping to be done – they are ...
Trump Could Be Called as Witness in Trial Over Real-Estate School
Donald Trump and his real-estate school are headed toward a potentially unprecedented trial this year that could feature the Republican presidential front-runner taking the stand, barring a surprise ruling from a New York state judge or a last-minute ...
Lou Gehrig, Elaine Stritch making news in lohud real estate
Lots of recognizable names in the real estate report this week: Lou Gehrig, Elaine Stritch, Mary B. Goodhue and Carl Pforzheimer. Let's start with Gehrig. A home in New Rochelle that the Yankee great bought for his parents in the 1930s just came on the ...
Coldwell Banker reporting strong real estate sales
With more than 90% of property searches now beginning online, a strong digital footprint is more important than ever. As the number one real estate brand online with over 20 million unique visits, working with a Coldwell Banker sales professional ...
Christy Clark promises an end to shadow flipping in BC real estate
The premier says the council is also looking into whether double-enders in real estate should be addressed, adding it is a very complex issue. “In different markets across the province — especially in very small communities — sometimes, it's more ...
Fed's retirement fund makes first foray into real estate, private equity
The Federal Reserve for the first time has shifted some of its employees' retirement savings into real estate and private equity. In the central bank's accounts published Friday, the Fed revealed the allocation of its retirement fund that's offered to ...