Real Estate News

Real estate News 04/2017



The five worst real estate investing mistakes
Many investors enjoy the juicy dividend payments associated with investing in real estate investment companies or trusts, commonly called REITs. Yet like all investments, the price you pay for a real estate investment trust will fluctuate. Be aware ...
Real estate market recap, March 27-31, 2017
March sales will fall between seasonally adjusted annual rates of 5.41 – 5.77 million with a targeted number of 5.59 million, up 2.0 percent from NAR's reported February sales and up 4.6 percent from a year ago. “As we enter the important Spring ...
For April Ryan, Clashes With the White House Bring a New Kind of Prominence
A few months ago, a real estate investment trust focused on leasing out warehouse space to growers started trading on the New York Stock Exchange. The sharp rise in property prices follows the booming market for legal marijuana. Sales of legal cannabis ...
The week in real estate industry deals: March 27-31
While real estate agents chase leads and close deals on houses, there's another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We'll be recapping every week's noteworthy ...
How to start in real estate
Q. Since assisting my sister with the sale of her house, I find the idea of selling homes and preparing homes for sale interesting. I contacted the state and got a list of locations with classes on real estate sales and broker licensing. I am also ...
Dealing with a Mouse Infestation
Q. My daughter, son-in-law and their three little children live in a three-bedroom co-op on the Upper West Side. The apartment is infested with mice, which run across their pillows while they sleep and leave droppings in the baby's high chair ...
Legal Marijuana Powers US Real Estate Boom
Societal, legal and tax revenue implications notwithstanding, marijuana is powering a real estate boom in the U.S. Prices are soaring for previously unoccupied warehouses and blighted strip malls to repurpose for marijuana growing and retail space in ...
Hot real estate tip! Buy Israel
“The real-estate market in Israel is going up and everyone wants a piece of land here: Jews, Christians, and Muslims,” Amit told Breaking Israel News. “There is no question that the price will go up. The only question is how much, and like the rabbi ...
Real estate briefly: Bascom Group acquires Tustin apartments for $94 million
Bellwether Enterprise Real Estate Capital, a commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., is expanding its West Coast platform with six new hires joining its existing Irvine office. Bellwether's ...
Montgomery County real estate briefs: Week of April 2
Sanford Alderfer Inc. Realtors and Auctioneers continue their 57-year legacy of providing professional real estate services to southeastern Pennsylvania and the greater Mid-Atlantic region. Their services include both conventional sales and the auction ...
Real estate tycoon went from dishwasher to 'worst landlords' list
The rags-to-riches developer who owns Alma Realty was once a penniless Greek immigrant who now controls a massive real estate portfolio — and donates to Mayor de Blasio. Efstathios (Steve) Valiotis, 70, came to Queens more than 40 years ago and ...
Niagara County Real Estate Transactions
Following are real estate transactions over $5,000 as listed in records of the Niagara County clerk's office for the week ending Nov. 25, 2016. LEWISTON • 835 The Circle, Lidia Zuccaro to Anthony Zuccaro; Jamie A. Zuccaro, $175,000. • 101 Bk M 1st St ...
These 3 Charts Show Why Commercial Real Estate Is The Next ''Big Short''
A small but growing group of hedge funds are positioning themselves to profit from the collapse of the real estate market. Sounds like 2007, right? It's actually happening right now. But this time, hedge funds (along with Deutsche Bank and Morgan ...
The Malibu Real Estate Report
Normal is the new normal as Malibu real estate sales in 2016 had their fifth year in a row of virtually the same number of homes selling — about 250. Incredible consistency, in great contrast to most of the past 20 years, has been the hallmark of ...
Michiana facing real estate crunch
Sarah Hempel has recent experience on both sides of the real estate market. "I knew it was kind of a seller's market at this point, which is why we wanted to list our home. We knew we'd get more money for it right now than probably we would have a year ...
Chile a steady, growing factor in Miami real estate
Over the past decade, as South American investment in Miami real estate has flowed and ebbed dramatically, Chile's impact has been comparable to the Miami Dolphins in the NFL: good enough to be mentioned, but not enough to outshine the influence of ...
Marijuana and Denver real estate in 2017, by the numbers
But I think it's helpful to know the current measurements for just how much marijuana impacts commercial real estate. If you'd like to ponder the future impact of marijuana on commercial real estate, give the whole thing a read. You'll learn about ...
What It's Like to be a Real-Estate Agent to DC's Super Rich
She's the top-selling real-estate agent by sales volume in DC. According to the Wall Street Journal/Real Trends, she ranked 34th in the country in 2016, with more than $174 million in sales. Over that year, she sold more than 70 homes, ranging from ...
Bank of the Ozarks: The Commercial Real Estate Lender That's Reaching Way Past Arkansas
The focus in commercial real estate finance is often on big national banks like JP Morgan or big foreign ones like Deutsche Bank, but it would be a mistake to overlook the Southern lender that's been making waves in the commercial real estate industry, ...
How to write a real estate bio that'll charm clients and colleagues
You want to come off as confident, but you don't want to seem arrogant. It can be tough to figure out where to draw the line. But the truth is, there's more to writing a real estate bio than just word-smithing your resume into submission. Here are six ...
The Age Old Investment Question: Stocks Or Real Estate? - Part IV, Rental Income Revisited And Stock Market Returns
In Part I of this series, we looked at potential rental income returns on single property portfolios. Using leverage in real estate to access equity in existing properties to acquire additional properties is an advantage in real estate investing. At ...
NAR celebrates #OpeningDay with nine facts about real estate
Today is opening day for one of the greatest American sports of all time – major league baseball — and the National Association of Realtors created an infographic to celebrate. So before you head out to the ballpark to revel in the newest menu items ...
A Real Estate Developer For The Next Generation
By the time it was completed last year, and its wealthy owners began occupying their sprawling new homes, The Pacific, a luxury condominium in San Francisco, had already begun getting buzz in real estate circles. It wasn't just that the 76-unit ...
In Boston's Surging Real Estate Market, New Condos Race To The Top
The Four Seasons Private Residences One Dalton Street, Boston. As Boston's profile as an international city rises, so to are some of the tallest, most amenity-filled condominiums the city has ever seen. Glossy new residential towers are rising across ...
On Biz: County real estate market warms with the weather
Real estate agents, locally and nationally, are getting geared up for what is traditionally their busiest time of the year — from now through October. As weather warms up, as the summer months roll around and families are more mobile because children ...
Fairfax County's west is still the best for commercial real estate, but the east is making a move
Commercial assessments are crucial to Fairfax, as real estate taxes comprise 64.6 percent of the county's general fund revenue. As nonresidential assessments strengthen, the burden is, in theory, eased on homeowners. Currently, commercial and ...
Leonard Litwin, New York Real Estate Mogul, Dies at 102
In the small circle of wealthy, sometimes flamboyant real estate moguls in New York, Mr. Litwin was almost invisible: a secretive man who kept his company private and his books closed, lived quietly on Long Island, in Great Neck, shunned publicity and ...
Guaranteed Rate stands by exec with revoked real estate license
That's what Victor Ciardelli, chief executive and founder of Chicago-based mortgage provider Guaranteed Rate, said when he learned that his company's new business development director has blemishes on her work record, including a revoked real estate ...
LM Funding, business built on condo fee delinquencies, struggles as real estate recovers
"Our revenue results for the fourth quarter continued to be impacted by the reduction of distressed real estate transactions in Florida," stated Bruce Rodgers, founder and CEO of LM Funding. Founded in 2008 at the start of the foreclosure crisis, Tampa ...
SEC accuses Michigan pastor of leading $6.7 million real estate fraud scheme
A Michigan pastor allegedly bilked church members, retirees, and laid-off autoworkers out of millions of dollars by convincing them to invest in a “successful” real estate scheme, the Securities and Exchange Commission said last week. According to the ...
Manhattan real estate stabilizes as prices come down
The number of Manhattan real estate sales was essentially flat in the first quarter, ending a monthslong decline brought on by a glut of available condos. Some 2,892 sales were completed in the New York City borough during the first quarter, according ...
Europe's New Safe Haven: German Real Estate
Last fall, when a planned €3.3 billion initial public offering of a German office-building company was pulled due to weak demand, market observers expected private-equity giant Blackstone Group LP to move in for the kill. Blackstone had previously ...
The best real estate in Charlotte based on bar crawl-ability [Partner]
Bars and real estate are the peanut butter and jelly of Charlotte: You can't have one without the other. That's why you can make your condo purchase based on how close it is to your favorite breweries and bars, saving you driving time and helping you ...
Opinion: Barrie real estate — hot or not?
Is the hot real estate market in Barrie something to be quickly investing in NOW or is it time to cash out and sail off into the sunset with a few bucks in your pocket? Recently, the Barrie and District Association of Realtors (BDAR) hosted a panel ...
Spain seizes $740 million in real estate from Syrian dictator's uncle
Spain's highest court has seized a huge real estate portfolio belonging to Rifaat Al Assad, the uncle of Syrian President Bashar Al Assad. Spanish authorities said Tuesday they are investigating the elder Assad for money laundering. They seized 503 ...
Buying A Home In Today's Rough Real Estate Market47:22
Looking to buy a home? Welcome to the toughest market in a decade. We'll look at the map of real estate realities around the country. In this Monday, Feb. 27, 2017, photo, real estate signs mark the lots near one of the new homes for sale in a ...
Real estate mogul: In the 90s, I looked for Starbucks; now I buy when I see this
Real estate mogul Sean Conlon has seen every type of neighborhood. As a child, he lived in a 1,000-square-foot house with his family of seven in the small town of Rathangan in County Kildare, Ireland. In 1990, Conlon moved to Chicago with $500 dollars ...
Ask Eli: Being Competitive In The Spring Real Estate Market
Answer: In a couple of weeks I'll publish a summary of real estate data for the first quarter of 2017 in Arlington, but I can tell you that this year is off to an explosive start and the “spring market” started early. Warmer weather brings more buyers ...
Do Your Homework When Investing In Texas Real Estate
In the past five years, the population of Texas grew 10 percent, three million people - more than Florida or California. Part of the increase was immigration, legal and illegal, but a larger part was people moving there from other states. When people ...
Recent Commercial Real Estate Transactions
This corner four-story brick mixed-use building, in the heart of the neighborhood, was sold to a local investor after six months by a family that had owned it since 1970. The 4,000-square-foot building has three market-rate two-bedroom floor-throughs ...
5 things about first-quarter industrial real estate trends
... industrial properties, especially within Sacramento's city limits, are benefiting… more. Ryan McVay. ​Preliminary numbers from Colliers International's Sacramento office indicate an equilibrium in the industrial real estate market at the end of ...
Pharrell is hunting for real estate in Miami
Pharrell Williams was seen celebrating his birthday at Komodo in Miami, and spies said he's been looking at new real estate in town after selling off a multimillion-dollar penthouse. The “Happy” singer was with a group including actor Andy Garcia and ...
Red Lobster real estate sold on Wolf Road in Colonie
The real estate where the Red Lobster is located on Wolf Road in Colonie, New York, sold for $6.87 million — the second-highest price paid this year for commercial real estate in the Albany region, according to a state database. The 2.34-acre parcel ...
The U.S. Real Estate Market - Trends, Characteristics And Outlook
Following the debacle of 2007-2008, the U.S. real estate market has since been characterized by a significant improvement in prices, number of transactions and mortgage originations. This has been the result of an economic recovery that will be ...
The 50 Most Important Figures of Commercial Real Estate Finance
Sir Chris Hohn's London-based hedge fund—which he founded in 2003 as an offshoot of his charitable organization, The Children's Investment Fund Foundation—has played an increasing role in commercial real estate financing in recent years, particularly ...
Interest Rates Are Rising Again. Here's How That Affects Commercial Real Estate
With the Federal Reserve raising its benchmark short-term interest rate in March for the third time since December 2015 and two more rate hikes expected by the end of 2017, interest rates are becoming an increasingly relevant factor in analyzing the ...
Former LSU defensive lineman competing for share of Baton Rouge real estate market
When Leo Desselle left college and entered the real estate world in 2007, the bottom soon fell out of the market, roiling homebuyers, sellers and nearly everyone in between during the Great Recession. But 10 years later, Desselle has emerged leading a ...
Hudson's Bay Soars on Heightened Urgency for Real Estate IPO
Hudson's Bay Co. had its biggest gain in 16 months after the owner of Saks Fifth Avenue signaled it may take its real estate assets public, unlocking value for the Canadian retailer as same-store sales decline. In a call with analysts Wednesday ...
Real-estate mogul: 3 ways to assess the quality of a neighborhood
Whether you are buying a property to flip or a home to live in for decades, the location is as important as the home itself. If you aren't already familiar with a ...
Real Estate Activity Shows Slight Increase
The number of homes on the market increased by 5 to 141 from March. The most homes are on the market since April 2011. Homes listed for sale on Multi Listing Service with Ponca City addresses have been on the market an average of 106 days. 35 percent ...