Real Estate News

Real estate News 02/2017



After Election, Russian Buyers Warm to Miami Real Estate
Following Trump's victory in November, Russian interest in the U.S. luxury real estate market jumped 35%, according to Knight Frank, a global real estate consultancy. Russian interest in the U.S. had dropped off dramatically in previous years, as the U ...
On Horses And Beatles: A Conversation With Real Estate's Martin Courtney
There's been some changes for Real Estate — most notably, the departure of guitarist Matt Mondanile. Yet the more things change, the more they seem to stay the same. And that's just fine. In this interview, band founder and principal songwriter Martin ...
Illinois real estate agent out of job after sparring with Patton Oswalt ...
Illinois real estate agent out of job after sparring with Patton Oswalt ...
Our Economist's 4 Bold February Predictions, From Interest Rates to Groundhog Shadows
How quickly interest rates move this year will have an impact on the real estate market. Rates moved more than 50 basis points after the election and registered the highest average for a month in more than a year in December. (One basis point is equal ...
A 30-something real estate investor with 13 years of experience shares his 3-word strategy for achieving financial ...
A 30-something real estate investor with 13 years of experience shares his 3-word strategy for achieving financial ...
Who's there? Knock, a new online real estate startup that guarantees it will sell your home in 6 weeks
Founding members of the online real estate company Trulia have launched a new platform called Knock which guarantees that it will competitively price and sell your home in six weeks or less. Knock just completed a Series A funding round of $32.5 ...
California commercial real estate market trends continue, despite 2016 election results
The winter/spring 2017 Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey, which was conducted after the November 8 election, shows no discernable economic shift in the state, despite Hillary Clinton having been the favorite among ...
How Zillow Group Inc. Finds Success as a Modern Day Real Estate Conglomerate
Zillow Group (NASDAQ:Z) (NASDAQ:ZG) is the biggest player in web-based real estate, dominating the market with almost 75% of mobile real estate searches taking place on its various platforms. But while industry followers may recognize the parent ...
Vancouver's real estate market could crash thanks to China
Global real estate markets are breaking a sweat, and Vancouver should be no exception. Those same foreign buyers that sent property values soaring around the world are now a little short on foreign currency. New regulations now prohibit the exchange of ...
Yellen Eyes Commercial Real-Estate Froth as Fed Weighs '17 Risks
Fed Chair Janet Yellen cited commercial real estate prices as “high” in a speech at Stanford University on Jan. 19. That message has been echoed by Governor Jerome Powell, who warned “low rates may lead to a reach for yield,” as well as Boston Fed ...
Macy's jumps on talk of PE-structured real estate deal - Macy's Inc ...
Macy's jumps on talk of PE-structured real estate deal - Macy's Inc ...
Lakeland native creates best-selling guide for real estate entrepreneurs
Bryan Chavis, author of the bestselling guide for real estate entrepreneurs “Buy It, Rent It, Profit!” is now partnering with the Tampa Housing Authority to roll out a national educational portal to help people learn how to identify rental properties ...
Quincy real estate mogul admits to defrauding investors
QUINCY, Mass. — A longtime fixture in Quincy's real estate community known for hosting the city's annual St. Patrick's Day luncheon has pleaded guilty to bilking 10 investors out of at least $9.5 million. The Patriot Ledger ( (link) 2ktWVKI ...
Dual Agency: Who Really Wins? – Tracey Hampson's Real Estate Tip Of The Week
Dual agency is when the same realtor represents both the buyer and the seller in a real estate transaction. Short and sweet, right? Not so fast — is life ever that easy? A dual agency, or rather a designated dual agency, also occurs when two agents ...
John Goff's Crescent Real Estate fund buys beach-front resort, conference center in Florida
With the help of its real estate investment fund, Fort Worth-based real estate firm Crescent Real Estate has acquired a beach-front resort and conference center in St. Pete Beach, Florida, which sits along the Gulf of Mexico. The 382-room resort ...
Germany takes UK's commercial real-estate crown
In the years following the 2008 financial crisis, investors turned to real estate in a hunt for yield amid ultralow interest rates. The primary targets were properties in the biggest European markets--the U.K., Germany and France--and standard ...
Commercial real estate transactions
Private real estate investor Vestar has acquired Twin Creeks Marketplace, a 43,134-square foot grocery-anchored shopping center located at 1265 W. Exchange Parkway in Allen. Developed in 2016, Twin Creeks Marketplace has tenants including Sprouts ...
Zillow Finds New Ways To Stay Atop Heap In Online Real Estate ...
Zillow Finds New Ways To Stay Atop Heap In Online Real Estate ...
Fed puts more emphasis on commercial real estate in 2017 stress test
WASHINGTON The Federal Reserve is putting a bigger focus on commercial real estate in its annual "stress test" of how well the largest U.S. banks would fare in another financial crisis. On Friday, the Fed publicly released a broad description of ...
Commercial real estate indicators signal robust 2017
The Stiles real estate firm is in talks with Broward College for a ground lease at the two-building site on Las Olas Boulevard. Stiles would tear down the buildings and replace them with a 350,000-square-foot office tower, said Doug Eagon, the ...
West Wing real estate: Who has proximity to Trump?
(CNN) President Donald Trump is a real estate man, but that may not make one task of his new administration any less tedious: parceling out office space in the West Wing. The offices, whether they afford majestic views of the Washington monument or in ...
Regency Properties takes the stress out of real estate
While common wisdom might dictate that winter should probably be one of the slower real estate sales periods of the year, locally that's just not the case. In fact, according to the High Country Association of Realtors, some $5 million in real estate ...
Real Estate Weekly: REITs Rally As Earnings Season Begins
Across other areas of the real estate sector, mortgage REITs (NYSEARCA:REM) finished the week higher by 0.2% and the international real estate ETF (NASDAQ:VNQI) gained 1.3%. Through two weeks of 2017, REITs are essentially unchanged, slightly ...
'Free' real estate?
syndrome will be real estate. Last week, North Carolina resident Norma Burns made national headlines when she offered her $450,000 farm in Bennett — near the Asheboro/Greensboro area — to the winner of an essay contest. Saying she wanted to return ...
Real Estate Rumors: Admiralty, NYC Penthouse, Hersha
Law360, Minneapolis (February 3, 2017, 3:45 PM EST) -- Admiralty Acquisition Co. has sold an office building in Palm Beach Gardens, Florida, for $18.53 million, according to a report in the South Florida Business Journal on Friday. The deal is for an ...
Value of Macy's is in its real estate, analyst says
There's no way out of slowing in-store retail sales, but Macy's still holds valuable properties, Cowen analyst Oliver Chen told CNBC's "Power Lunch." While Canadian retailer Hudson's Bay has approached Macy's, Chen says there's really no value in the ...
How Lunar New Year Could Influence NYC Real Estate
Chinese nationals are being inspired by the Lunar New Year to cash in on local real estate — or at least, that's the hope of developers across the city, experts say. The Year of the Rooster is considered an auspicious time for real estate purchases ...
How 2016 real estate predictions did — and the forecast for 2017 ...
How 2016 real estate predictions did — and the forecast for 2017 ...
Can owning commercial real estate stunt your company's growth?
Therefore, when a company is in growth mode, owning commercial real estate can hinder the growth because working capital is used to buy buildings vs. hiring new employees, funding a marketing initiative, or automating a manufacturing line. I generally ...
Real estate briefs: New Fifth Avenue restaurant
Stevens completes restaurant in Naples. Stevens Construction has completed The French restaurant at 365 Fifth Ave. S. The French transports guests to a quintessential Parisian brasserie with architectural elements such as custom embossed tin ceilings, ...
3 High-Yield Real Estate Plays Paying Up To 8.6%
The Organisation for Economic Co-operation and Development believes various international markets' property prices are reaching dangerous heights, and that several countries' high prices were “not consistent with a stable real estate market,” according ...
How Vancouver got its housing bubble under control: a lesson for cities like London and San Francisco
Good news Londoners, Stockholmers, and San Franciscans: Vancouver may have solved one of your toughest problems. Last year, the Canadian city topped UBS's Global Real Estate Bubble index, a ranking of cities most at risk of being in a property bubble; ...
How a real estate attorney cut the check out of the first step in home buying
After decades as a real estate attorney, Lynn Leegard is unsettled that home buyers are still writing paper checks for their earnest money. A couple of years ago, Leegard started researching how to launch a company that would enable home buyers to ...
Manitowoc real estate transfers: Feb. 5, 2017
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. Jan. 23 ...
The state of the real estate market in Belmont
For the eighth straight year, real estate prices in Belmont have increased and for the last six years, prices continue to set new records for all-time highs. Residential real estate sales in Belmont were up in 2016 compared to 2015 with the average ...
Realities of Real Estate: The hot place to be in Washington, D.C. ...
Realities of Real Estate: The hot place to be in Washington, D.C. ...
Regional real estate firms merge
Two well-known northwest Ohio real estate firms are combining their strengths to form a single operation to offer clients an array of commercial real estate services. Miller Diversified Realty Corp. of Maumee, and Danberry Commercial of Toledo, said ...
Real estate briefly: Westside Rentals bought by CoStar; Cushman & Wakefield in Irvine close 3 deals
Matthews Real Estate Investment Services in El Segundo is expanding to Costa Mesa. The new office will help facilitate the company's growth plan. Leading the Costa Mesa location will be Aron Cline, senior vice president and senior director . The office ...
Real estate agent accused of falsifying paperwork
SALEM -- A local real estate agent was charged with two misdemeanors Friday for allegedly falsifying documents related to a property sale in Salem, according to State Police. Andrew W. Genovese, 24, of Queensbury is accused of filing a false water test ...
House flipping is back, with all its opportunities and risks
The trend of buying a fixer-upper, making some repairs and "flipping" to a new buyer quickly is making a return to real estate markets, years after the trend fell out of fashion with home buyers. More than 6 percent of home sales last year were "flips ...
ASK A FINANCIAL PLANNER: What should I do with a $1.5 million real estate windfall?
Do you see this as a good strategy, or do you have other alternative plans to approach this? Where will I invest the $1 million? Any ideas? You just sold a piece of real estate, and reaped a seven-figure windfall — good "problem," right? But how do ...
United Real Estate presents 2016 production awards
SIOUX CITY -- Kevin McManamy, president of United Real Estate Solutions Inc., presented production awards to the company's top residential and commercial producers at the company's annual awards breakfast. Thirty-eight agents received honors for their ...
Commercial real estate leases
Avery Bishop of Avison Young represented Red City Ice Cream and Tea House in leasing 1,482 square feet of retail space at 567 King St. Jennifer Davis of Domicile Real Estate Brokerage represented the landlord. Kathleen Boswell of Coldwell Banker ...
Levy quietly makes mark in real estate development
Larry Levy made his mark in real estate about 10 years before he entered the food-service space, but he's kept that part of his career relatively quiet compared with the big splash Levy Restaurants made in sports. “I've always been in two businesses ...
Warburg Realty President Expects 'Fascinating' Year in Global Real Estate
Clelia Warburg Peters: This is almost the most difficult one for me to answer, because I just love real estate. But the attributes of a dream property for me are something with a view. A beautiful open view of the park, or the harbor are ideal. Even ...
Federal Reserve eyes potential bubble in commercial real estate market
A potentially "overheated" commercial real estate market has economists predicting that the Federal Reserve might elect for steeper-than-expected interest rate hikes in the future, according to Bloomberg. At the center of the Fed's concern are the glut ...
Now is the Time to Buy Real Estate and Create Significant Wealth
“For most people, the acquisition of real estate is one of the best ways for them to become wealthier,” he told BE. “For the average person, their wealth is concentrated in their home and non-depreciating assets,”—unlike a car or “retail jewelry ...
Tanya Dzhibrailova Earns #1 Companywide Top Producer Award at Zephyr Real Estate
SAN FRANCISCO, CA--(Marketwired - February 06, 2017) - Tanya Dzhibrailova once again has achieved the #1 Companywide Top Producer award at Zephyr Real Estate. Her dollar volume for 2016 topped $100 million with 83 transactions. This now places ...
Real Estate Summit: Metro Atlanta leads the nation in available housing lots with 80K (SLIDESHOW)
Kevin Levent, president and CEO of Better Homes and Gardens Real Estate Metro Brokers, said he is forecasting 14 percent growth in 2017. Commenting during the summit panel discussion by real estate company CEOs, Levent noted that the outer ring of ...
Loudoun County real estate assessments now available online
Property owners can now access their Loudoun County real estate assessments for tax year 2017 online. This year, the county's total taxable real estate portfolio increased to $72.6 billion, up nearly 5 percent overall. The assessment notices, which are ...