Real Estate News

Real estate News 04/2016



HomeSmart: A Phoenix-based digital pioneer in selling real estate
Real-estate agents can complete sales digitally without any paper. But real estate wasn't a high-tech experience when CEO Matt Widdows started Phoenix-based HomeSmart in 2000. There were no great mobile apps for agents or easy-to-use online ...
Ask a Real Estate Pro: Seller frustrated by junky home next door
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: I have been trying to sell my home for a year with no luck. My ...
Evergreen Real Estate Services lands a big fish
Jim Harpool, a longtime leader in Kansas City area commercial real estate and development, has joined Evergreen Real Estate Services in Mission. “Jim's vast experience in development, combined with our best-in-market technology-based marketing ...
Real Estate Roundup: April 1, 2016
Urban Spaces, is a Cambridge-based real estate company that develops mid-size residential and commercial projects. “We are honored to receive the LEED Gold Certification for The Lancaster,” said Paul Ognibene, the founder and CEO of Urban Spaces, ...
Real Estate Notebook: South Florida rental return below national average
"Rapidly rising home prices and tepid wage growth have dampened single-family rental investment returns and growth potential in many markets, but there are still plenty of solid opportunities available for real estate investors willing to cast a wider ...
Behind The List: Commercial real estate
This week the San Antonio Business Journal is focusing on the area's commercial real estate in its Top 25 Lists. Two lists are being featured: Commercial Real Estate Brokerages and Commercial Property Leasing Companies. Commercial Real Estate ...
Real Estate Boom in Fort Lauderdale as Auberge Beach Penthouse Sells for Record $8.9 million
A real estate boom is happening in Fort Lauderdale, Florida. Once a budget friendly, spring break town by the beach, just North of Miami, the area is experiencing a surge in growth with a string of new luxury hotels and residential buildings along the ...
Somerset woman accused of stealing $2 million from real estate developer
The Massachusetts Attorney General's Office announced Friday that it is charging a Somerset woman with stealing more than $2 million from the real estate company First Bristol Corp. Investigators accuse Suzanne Coriaty, 59, of pocketing company checks ...
Real Estate Partners Has Grand Opening Celebration For 2nd Location
Real Estate Partners Chattanooga LLC held a grand opening celebration to launch its new second location at 6043 Shallowford Road near Highway 153. The nearly 60-agent firm is the Chattanooga area's leading locally-owned independent real estate ...
Judge upholds Trumbull real estate office
BRIDGEPORT - The town of Trumbull has one less beauty salon and one more real estate office. Over the objections of the neighbors, Superior Court Judge Richard Gilardi on Friday upheld Trumbull Planning and Zoning Commission's ruling allowing the ...
Sound Off: How might a slowdown in the city's commercial real estate market affect housing?
A: A slowdown in commercial real estate could signal a shift in the economy. Such a shift could lead to slower job growth or even job losses. If that were to happen, it would have a real impact on residential real estate, leading to fewer qualified ...
Calgary Real Estate Market Worsens Again. But How Bad Can It Get?
In March, the benchmark price of a home in the city was $442,800, representing a 3.51 per cent decline over last year, according to figures release by the Calgary Real Estate Board (CREB) on Friday. Nearly 1,600 housing units sold in March, down 11 per ...
The Davidson Companies launches real estate consultancy
The Davidson Companies, a leader in Northeast Florida real estate development and sales, has launched Davidson Advisory Services Inc. as its new real estate consultancy. DASI provides expert advice on real estate programming, permitting, design, ...
Real estate transactions
Epic Piping, an industrial pipe fabrication company, has leased 36,000 square feet at 9260 Bryant near Hobby Airport. JLL represented the landlord. Epic Piping, an industrial pipe fabrication company, has leased 36,000 square feet at 9260 Bryant near ...
It's never too late. Buying a property over 40 years old isn't easy but it is achieveable. Picture: Thinkstock
And because the couple are getting into a newly built property they are actually eligible for a helping hand. “Yes, we're actually going to get the first home grant!” WHAT HAPPENS WHEN YOU BORROW OVER 40? Tim Brown, CEO of lending at mortgage ...
Lebanon County real estate transfers
Secretary of U.S. Department of Housing and Urban Development to Lillian I. Torres, 715 Chestnut St., $18,500. William J. Deitman and Gregory Neiswender to Gregory Neiswender, 126-128 Cumberland St., $141,500. Terry R. Lerch to Spence R. Dixon, 119 ...
Real Estate Roundup: Portland tops Case-Shiller again; Hawthorne Theatre sold (links)
The Portland-area housing market again topped the monthly Standard & Poor's/Case-Shiller home price index, released Tuesday, which measures year-over-year gains in home values among 20 of the nation's largest metros. That was just one piece of news ...
Hungry house hunters fuelrecord for real estate sales
The number of property sales in the capital region during March hit an all-time high for any month recorded in the local real estate board's database, which dates back to 1990. A total of 1,121 properties of all types sold through the Victoria Real ...
Colorado Land Co. in Fort Morgan adds new real estate agent
Colorado Land Company, a local real estate agency in Fort Morgan, has announced that they've welcomed Mary Alice George to join their team of experienced real estate professionals, according to a news release. "We are so glad to have Mary Alice as part ...
Team Mall's real estate specialists meet clients' evolving needs
Vap has earned the Senior Real Estate Specialist (SRES) Designation, having demonstrated the knowledge and expertise needed to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing or selling ...
REAL ESTATE TRANSACTIONS
Yesican LLC to Hamilton Reid Real Estate LLC, 11601 Kanis Road, Little Rock, L1, Edwards, $522,000. Tucker Raney to Jamie K. and Amanda Fugitt, 5111 Crestwood Drive, Little Rock, L7, Prospect Terrace, $520,000. Anthony B. and Julie D. Carter to ...
Southwest Florida real estate briefs
The Real Estate Investment Society (REIS) will look at strategies for managing Southwest Florida's water resources and the implications for long-term economic development of the region. Dan Delisi, AICP, former board member and chief of staff at South ...
Real estate briefs: Parade of Homes again in September
The survey also found that 68 percent of buyers start searching for a home on their own, although 73 percent expect to work with a mortgage professional and 77 percent plan to work with a real-estate agent during the process. Two-thirds of those ...
Here's Why New York Real Estate Developers Are Richer Than Ever
In 2007, the real estate market was at it's then-peak. In New York City and elsewhere, though, the bubble was about to burst. Major players like Jerry Speyer would go on to forfeit multi-billion dollar deals, like Tishman Speyer's $5.4 billion ...
E-commerce growth squeezing tight industrial real estate market
Some two-thirds of industrial real estate is built on speculation, meaning builders undertake the project without a lease. Builders, however, didn't anticipate that growth in consumer demand would be as healthy as it's been, nor did they anticipate the ...
How secret offshore money helps fuel Miami's luxury real-estate boom
A Miami Herald analysis of the never-before-seen records found 19 foreign nationals creating offshore companies and buying Miami real estate. Of them, eight have been linked to bribery, corruption, embezzlement, tax evasion or other misdeeds in their ...
Realities of Real Estate: Is the house you're buying a death trap?
With computers and other giant leaps forward in technology, our ability to measure things has grown exponentially. Atomic clocks keep track of time down to the last millisecond. Want to know how far away the moon is from your backyard? A brief Internet ...
Real estate mogul Don Peebles on the election, Trump and 'Empire'
Donald Trump isn't the only real estate magnate who's got political interests. Developer Don Peebles is the founder, chairman and CEO of The Peebles Corporation — a privately held real estate company with projects in New York, Washington, D.C. and ...
Pr. William supervisors deadlocked over proposed real estate tax increase
16 that would increase residential real estate tax bills by nearly 4 percent. The average increase would be $145, or $12.09 per month on a mortgage, to an annual total of $3,877. The real estate tax rate would rise to $1.145 from the current $1.122 per ...
Foreign investment in West Michigan real estate remains elusive
Foreign investors have considered Michigan an attractive place put their capital to work in the post-recession years. But those funds typically have gone to sectors other than commercial real estate. From January 2006 through January 2016, foreign ...
2016 Commercial Real Estate Projects That Matter
Most research firms project the commercial real estate market in West Michigan will maintain slow but steady growth in 2016. As such, developers say they're going forward with key projects across the region, all while keeping an eye out for other ...
From Bollywood stars to real estate tycoons: the Indians in Panama Papers
K P Singh, chairman of DLF: The founder of Delhi-based DLF, India's largest real estate developer, K P Singh, reportedly acquired a company registered in the British Virgin Islands in 2010, along with his wife. “At least two more companies were set up ...
Boutique real estate representation firm is seeking a Summer 2016 intern in New York
Luxury retail real estate firm representing both international tenants and landlords is looking for a passionate intern to work in its Upper East Side office from approximately June 1st-August 15th. Interns will gain exposure to the world of New York ...
This BART real estate map shows how costly it will be to follow your Silicon Valley startup dream
“To do this, Estately Real Estate Search analyzed the last six months of home sales for houses, townhouses, and condos that were within a one-mile radius of each BART and Caltrain transit stop. We then broke them down by price per square foot.” Your ...
Where Should You Invest Your Cash? Real Estate, Stocks, Bitcoins, or Ferraris?
Hot on the heels of the housing crash came the rise of the flippers, making what looked like easy money out of cheap real estate and some design know-how. But, as one popular TV show notes, there are flips and there are flops. The corporate route? Well ...
Leaked documents show link between offshore money and luxury real-estate boom in South Florida
Millions of leaked documents from a secretive Panamanian law firm ---dubbed the "Panama Papers"--- are shedding light on a law enforcement theory that money from people linked to wrongdoing is helping to fuel South Florida's luxury real estate market ...
Macy's hires real-estate executive amid activist pressure for REIT spin-off
Macy's has faced pressure from investors, including activist investor Starboard Capital, to drive greater value from its real-estate holdings. Macy's has said it won't spin off a real-estate investment trust (REIT) but would seek out partnerships. The ...
Brooklyn Real Estate Round-Up for Monday, April 4
BROOKLYN, NY — Our borough's real-estate market never takes a week off. Here are a few real-estate stories — plus some openings and closings — you may have missed during the week of Monday, March 28 to Monday, April 4. Last weekend's strong ...
Real Estate Signals versus Noise
Before the latest real estate related financial crisis – my fourth over four decades I embarked on a speaking tour at banking conferences. I was concerned that more and more foreclosure lawsuits would be a damaging way to settle claims for repayment ...
Phillips Edison partners with one of the world's largest private equity firms
A Phillips Edison & Co. real estate investment trust created a joint venture with one of the largest private equity firms in the world. Phillips Edison Grocery Center REIT II Inc. formed a joint venture with TPG Real Estate, the real estate platform of ...
Vancouver Real Estate Sales Hit A New Record In March
That's because Metro Vancouver's notoriously pricey market has set yet another record — more than 5,000 homes were sold in the area in March, according to the Real Estate Board of Greater Vancouver (REBGV). The sales represented a jump of 27 per cent ...
Lafayette ranked one of the hottest real estate markets
LAFAYETTE, Ind. (WLFI) – If you're in the market to buy or sell a home, now might be the best to go forward. Realtor.com named Lafayette as one of the nation's 20 hottest real estate markets for the month of March. Real estate agent Aimee Ness says she ...
Blackstone Names Real-Estate Veteran as Asia-Pacific Chairman
Heady will continue leading the firm's Asia real estate division and be supported by Jan Nielsen, who will serve as chief operating officer for all businesses, the company said in a press release. Nielsen leads private-equity investing in Southeast ...
Norway Frees Wealth Fund to Add $17 Billion in Real Estate
The upper limit on real estate investments for the $850 billion fund, the world's biggest, should be raised to 7 percent from 5 percent, the Finance Ministry said on Tuesday. The real estate assets will also be separated from the overall portfolio and ...
Dead, ugly malls turned into productive real estate again by Dallas duo
The big shopping center developers, Simon, General Growth, Macerich and others have put batches of malls into new real estate investment trusts and spun them off to new owners. Some of those properties end up in foreclosure. Some are sold again for a ...
Macy's, Inc Hires Douglas W. Sesler As a Head of Real Estate
On Monday, Macy's, Inc. (NYSE:M) announced that it has appointed Douglas Sesler as its new executive vice president for real estate, to be effective from Tuesday. The announcement came as the company continued to get pressure from its activist ...
Miami's luxury real estate boom connected to Panama Papers
The leak comes as the U.S. government unleashes an unprecedented crackdown on money laundering in Miami's luxury real-estate market...A Miami Herald analysis of the never-before-seen records found 19 foreign nationals creating offshore companies ...
At Rutgers career seminar, MBA students hear from real estate industry titans
Jacobs recounted the story last month before more than a 100 MBA candidates and prospective students who are considering careers in commercial real estate. It was the first-ever career seminar hosted by the quickly growing Rutgers Center for Real ...
The ridiculousness of San Francisco real estate, summed up in one billboard
The real-estate agent referred to the “home” as “above and beyond distressed.” If that didn't sufficiently impress (or exasperate) you, take a look at some listings in the city's more central areas, which may leave you thinking “low 1,000,000s” in Lake ...
GTA real estate market on pace for another year of record-breaking sales
The increasingly competitive Greater Toronto Area real estate market is on pace for another year of record-breaking sales and double-digit price growth as buyers bid aggressively for the few houses on the market. Sales in the first quarter of 2016 rose ...