Real Estate News

Real estate News 07/2016



JLL Releases Global Real Estate Transparency Index
Chicago—It's not a surprise that the top 10 most highly transparent real estate markets attract 75 percent of the world's investment, but the biennial Global Real Estate Transparency Index produced by JLL and LaSalle Investment Management does have ...
MOVES-Montero to head Evercore's European real estate
LONDON, July 1 (IFR) - Evercore has appointed Federico Montero head of its European real estate portfolio solutions team. He joins from Cushman & Wakefield, where he was a partner and head of loan sales in the surveyor's EMEA corporate finance ...
Miami Named America's Rudest City by Travel + Leisure
It's hard to imagine how anyone could be in a bad mood here, what with the city's perennial tropical weather and pristine beachfront real estate. After all, it ranked as one of the best cities in the country for a Beach Getaway. But maybe it's Miami's ...
Louis Goetting partners with C&W to grow its health care real estate practice
Chris Christie, has teamed up with Cushman & Wakefield Executive Vice President Robert Donnelly and his Morristown-based brokerage team to manage its growing health care real estate services practice. “Lou's knowledge and understanding of state ...
Real estate industry cultivates while it can
The new commercial real estate development and construction in central Ohio reflects national trends and efforts by local government, private companies and civic leaders. Central Ohio is developing—not just outward—but inward, too. While it's certain ...
Real Estate Notebook: Miami investor buys SunTrust Center
Steelbridge Capital has acquired SunTrust Center, a 270,000-square-foot office complex in downtown Fort Lauderdale, for $86.5 million, property records show. Steelbridge bought the two-building property at 501 and 515 E. Las Olas Blvd. from SunTrust ...
Ex-real estate agent arrested for selling other people's vacant homes
A family found the home of their dreams on Craigslist, and paid a down payment to the real estate agent, only to find out that the agent never had the right to sell them the home in the first place, according to an article by Adam Ferrise for Cleveland ...
Charlotte real estate software company rolling out updates
A software to help investors manage their real estate projects in one place has begun rolling out its updates. Investor Management Services LLC, a portfolio company of QuietStream Financial, was recently recognized with an award at the inaugural ...
Will Brexit impact DC real estate?
How will the U.S. economy and real estate market be impacted by this decision? One thing remains certain: Homeownership remains one of the strongest ways to hold wealth in the D.C. area. Immediately following the announcement of Brexit, the pound, ...
How The Agency Is Changing the Real Estate Game
You might know Mauricio Umansky from appearances on The Real Housewives of Beverly Hills, because he's married to the beautiful Kyle Richards. Umansky is a high-end real estate agent, media personality and philanthropist. He was born into a life with ...
British Columbia Premier Wants to Re-Regulate Vancouver's Insane Real Estate Market
Her name is Christy Clark. She is the premier of British Columbia. She now wants to impose rules on the housing market because it has become clear to her, during an election season, that it can't regulate itself. You will not find a single market in ...
Real Estate & Market Report: July 01, 2016
People who do not think they can win have already lost; The secret of not having worries, for me at least, is to have ideas; Whenever I meet people for the first time, I assume that they have a great story to tell and that it's my job to find it; Rain ...
Woman accused of running real estate schemes violates probation, authorities say
SAN ANTONIO - A 42-year-old woman who was arrested last year in connection with real estate schemes was arrested Thursday for a probation violation. According to court documents, Cynthia Ortiz violated several terms of her probation, including failing ...
Perfect Storm Provides Financial Boon to Options Traders: Real Estate & Stock Owners Require Patience
In the last several weeks traders of options contracts have been able to reap the rewards of between 10 to 30 times their investments in a matter of days. This is not a get rich quick scheme, but financial remuneration because of the allocation of ...
Brexit vote could mean US real estate boom as investors look outside London
The US real estate market could get a boost in the coming months, some analysts are predicting, thanks to the UK's vote to leave the European Union. The news could add further fire to the already overheated property markets in some of the US's biggest ...
Manitowoc County real estate transfers
To determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, a transfer fee of $250 would indicate a purchase price of $83,333. Real estate sold at a price of $100,000 would have a transfer fee of $300. June 20 ...
Increasing homeowner equity spurring local real estate sales
“We're starting to see significant sustained price increases in Richland County, especially over the last 12 to 18 months or more,” real estate broker Peter Haring said. “As people all of a sudden are above water or have started to recover some equity ...
Trading places in Telluride: Local real estate firm partners with luxury home exchange club
Local real estate giant Telluride Sotheby's International Realty is partnering with 3rd Home, a private exchange club for owners of luxury vacation homes across the world. 3rd Home is a private club that enables second homeowners of luxury properties ...
Beware the unintended consequences of commercial real estate deals
I have encountered several situations recently of unintended consequences of an action taken by an owner or an occupant of commercial real estate. Actions that now cause the inability of the owner to lease or sell his building or an occupant to find ...
Greenville real estate market trending upward
Real estate agents in Greenville are busy, said Sue Williams, president of the Greenville-Pitt Association of Realtors, and when they're busy, that's a good sign the market is improving. “Everybody is busy and happy, and when everybody is happy, things ...
Residential real estate transfers, July 3
Elmwood Real Estate to Graves, Chris and Jennifer, 16122 Bedford Ave., $525,000. Liebherr, Roger M. and Mary P. to Sopinski, Paul R. and Catherine J., 2529 N. 173rd St., $405,000. Tillwick, Mark R. and Sandra B. Trust to Runyan, James B. Jr. and Laurie ...
Real-estate report: Kitchen and bath project spending up
The mortgage and real-estate service found that 29.1 percent of Columbus-area homes were bought in cash during March, down 32.5 percent a year earlier. Nationally, the percentage of cash transactions fell from 35.4 percent a year ago to 33 percent this ...
Commercial Real Estate Market Report
Retail has been the strongest commercial real estate sector. With the construction of Enchanted Hills Plaza in Rio Rancho and Las Estancias in the Southwest Mesa, the redevelopment of the former K-Marts at Sierra Vista,Central and Atrisco, topped off ...
Real estate transactions for Hampden, Hampshire and Franklin counties, July 3, 2016 edition
Daniel E. Uttberg and Angela M. Uttberg to Donna L. Makuch, 19E Castle Hill Road, $219,000. David Curley and Gail Curley to Darcy J. Dumaine, 30 Corey Colonial, Unit 30, $125,000. Edward M. Bryant and Linda L. Afonso to Meredith Ann Thomas, 422 ...
The difference between Realtors and real estate agents
"There is a difference somehow!" That's what “Modern Family” character Gloria Pritchett exclaimed in a recent episode after learning that there is a difference between a Realtor and a real estate agent. The placement of the Realtor brand within ABC's ...
What are the Positives & Negatives of Investing in Real Estate?
Real estate investor and philanthropist Louis Glickman is famously known for saying “the best investment on earth is earth.” As a man who made his fortune in real estate, it's safe to assume that he knew what he was talking about. But, does his wisdom ...
Real Estate: The man with the 'gold thumb'
He retired from his job as an electrician in 1999, but Nick Ranieri still averages an eight-hour workday. Each morning, the 78-year-old Mattituck resident rises around 7 a.m. An hour or two later, he laces his white New Balance sneakers and retreats to ...
Niagara County Real Estate Transactions
CAMBRIA. • Upper Mountain Road, Deasy Family Partnership; Dennis M. Deasy; John F. Deasy; Sally A. Deasy; Slava A. Deasy; Tara Deasy; Patricia A. Keller; Linda C. Trichel to Jennifer L. Smith; Michael J. Smith, $186,000. • 5357 Subbera Road, Bear ...
Erie County Real Estate Transactions
AKRON. • 15 Monroe St., Gail M. Rehac to Mary Grace Irene Crawford-Asmus, $90,000. ALDEN. • 13385 Cherry Tree Lane, Melissa Conrad; Thomas Conrad to Timothy M. Roof, $362,000. • 11077 Broadway St., Beverly S. Peirick; Gerald J. Peirick to Ronald ...
Tactics to Maximize Buy and Hold Real Estate
The flexibility of real estate investing allows it to be pursued as a full time career path, a part-time business and or just a hobby. No matter how much time you dedicate to building your portfolio, there are some tactics you can implement to maximize ...
BRIEF-China Real Estate terminates plan to boost unit's capital, plans acquisition
July 4 China Real Estate Corp Ltd. * Says terminates plan to boost Chongqing unit's capital with Greentown China Holdings Ltd's unit due to commercial considerations. * Says it plans to acquire 80 percent stake in Shanghai real estate development firm ...
BRIEF-Novavest Real Estate successfully placed mandatory convertible bond
Mandatory convertible bond has a coupon of 4 percent per annum and will be converted into share capital of Novavest Real Estate AG during capital increase planned for autumn 2016. * Corresponding shares will be issued at this point from the existing ...
Qatar's Barwa Real Estate Q2 net profit nearly trebles
DUBAI, July 4 Qatar's Barwa Real Estate , one of the Gulf Arab state's largest listed developers, reported a near-trebling of second-quarter net profit on Monday, according to Reuters calculations. Barwa made a net profit of 550 million riyals ($151.1 ...
Real estate developer: 'This industry is a playground for self-starters'
Mike Chernine assembled what he called an “all-star” team in real estate development to form Brass Cap Cos. In the next 24 months, he says, there is a window for industrial development and ground-up retail development on which he and his team aim to ...
U.K. Home Builders, Real Estate Groups Fall as Construction PMI Slumps
Real estate companies and home builders led the decliners on the FTSE 100 after the survey, with developers British Land (BTLCY) Land Securities (LSGOF) and Hammerson (HMSNF) and home builders Berkeley Group Holdings, Barratt Developments ...
Signs of a top at the top of NYC's real estate market
Even during the nastiest political campaigns, the Waldorf Astoria hotel in New York has been elegantly bipartisan: Every president since Herbert Hoover has laid his head at the stately Park Avenue hostelry. Rest assured such presidential trivia ...
Ending self-regulation in Vancouver real estate won't solve the market crisis
On June 29, B.C. Premier Christy Clark announced steps to combat fraudulent and unethical behaviour in the B.C. real estate industry. The proposed policies to strengthen consumer protection and confidence are absolutely the right thing do. Purchasing ...
Standard Life Investments suspends trading in UK real estate fund
LONDON (Reuters) – Standard Life Investments, the fund arm of insurer Standard Life <SL.L>, suspended all trading in its UK real estate fund from 1100 GMT on July 4, it said on Monday. The decision was taken after an increase in redemption requests due ...
Brexit vote could heat up Canadian real estate market
In the days since, Mr. Kriter has met with one Asian commercial real estate lender who decided to freeze plans for a multimillion-dollar financing deal in London and is considering channelling that money to North America instead. Cushman & Wakefield is ...
London real estate market may be attractive after Brexit
Mooring Financial Corp., the $60 million hedge fund run by veteran investor John Jacquemin, made a big bet on the London real estate market on Friday, even as other investors head for the hills. Mooring bought 100,000 shares of an exchange-traded fund ...
Five ways real estate can make you wealthy — Part 3
I am going to wrap up my three-part series on the five compelling ways real estate can make you wealthy by taking a final look at Pete's case study. Unfortunately, Pete still has not found a tenant to lease his office building and is being patient ...
Real estate agents rip off customers in rental deal - 7News
(WSVN) - A woman needed an apartment to rent and found two real estate agents who said they would help her, but now she's out of a deposit and is still looking for a place to live. What can she do to get her money back? Call Help Me Howard with Patrick ...
Crowdfunded Real Estate: Should You Jump on the Bandwagon?
It's a concept that has been defined over the past decade mainly by money-raising schemes for offbeat, feel-good, or flat-out-weird ventures: documentary films, donations for disaster relief, headphones for cats, you name it. So what's the allure for ...
Hot DFW Real Estate Market Also Impacts Vacant Lots
Residential real estate in Dallas-Fort Worth is moving quickly and for record high prices, and has been for months, according to several sources. But it is not only the homes that are increasing in value, it is also the land they are sitting on ...
Eric Castongia of Zephyr Real Estate Joins the Annual AIDS Walk-San Francisco for the 30th Time
SAN FRANCISCO, CA--(Marketwired - July 05, 2016) - This year's AIDS Walk-San Francisco will be held on July 17. This is the 30th annual fundraising walk, and it's also a milestone for Eric Castongia, Zephyr agent, who has participated in every walk ...
Dear Monty: Do home sellers benefit from real estate technology?
Reader Question: Monty, we are preparing to sell our home and read your column about how to find a good real estate agent. We have gone through the steps and are now down to two candidates. They both present as knowledgeable, hard working and ...
DealBook|After 'Brexit' Vote, Real Estate Funds Halt Withdrawals
In the most prominent sign of the pressure, three major real estate funds have frozen investors withdrawals in the last two days, a rare move that reflects the mounting industry concerns. By doing so, the funds are trying to prevent a rush to the exit ...
3 Real Estate Stocks Dragging The Industry Down
CBRE Group ( CBG) is one of the companies pushing the Real Estate industry lower today. As of noon trading, CBRE Group is down $1.46 (-5.6%) to $24.47 on heavy volume. Thus far, 2.9 million shares of CBRE Group exchanged hands as compared to its ...
In a Post-Brexit World, Will Ireland's Real-Estate Rush Fizzle?
Before the U.K. voted last month to exit the European Union, all Irish real-estate sectors were recovering strongly on the back of the country's Celtic Tiger economy. In 2015, Ireland's gross domestic product grew 7.8%, compared with 1.6% for the ...
Recent Commercial Real Estate Transactions
A 10-year lease is available at 222 Bowery, between Prince and Spring Streets. Credit Santiago Mejia/The New York Times. RECENT SALE. $3.75 million. 256 West 88th Street (between West End Avenue and Broadway). Manhattan. A private investor has ...