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Our Featured Listings & Investments

116 South AINSDALE DR Charleston South Carolina 29414

MLS® ID: 1319285Contingent
3 Beds2+ Baths$280,000

Listing Agent: John Cowan

Courtesy of: Carolina One Real Estate

1913 OLD PARSONAGE RD Charleston South Carolina 29414

MLS® ID: 1400399Active
4 Beds2 Baths$179,000

Listing Agent: John Cowan

Courtesy of: Carolina One Real Estate

1728 A & B E AVALON CIR Charleston South Carolina 29407

MLS® ID: 1401692Active
4 Beds2 Baths$159,000

Listing Agent: John Cowan

Courtesy of: Carolina One Real Estate

6 POLLY POINT RD Wadmalaw Island South Carolina 29487

MLS® ID: 1410720Active
Beds$375,000

Listing Agent: John Cowan

Courtesy of: Carolina One Real Estate

5 POLLY POINT RD Wadmalaw Island South Carolina 29487

MLS® ID: 1410718Active
Beds$325,000

Listing Agent: John Cowan

Courtesy of: Carolina One Real Estate

From the Blog

  • Posted on April 15, 2014 by

    Berkeley County home sales and home listings in March have increased over last year, according to numbers released by the Charleston region’s real estate association. Charleston Trident Association of Realtors released the numbers April 10 and predicted a continued upward trend. “As the

    Posted on April 15, 2014 by

    A 192-unit apartment property in Goose Creek recently sold for $3.4 million, according to Raj Ravi, regional manager of Marcus & Millichap Real Estate Investment Services’ Charleston office. Michigan-based Princeton Management, a property management company, bought the property,

    Posted on April 14, 2014 by

    The REALTORS® Housing Opportunities Fund presented a check for $3,500 to the Humanities Foundation in support of their Eldernet program, which helps keep aging Lowcountry residents in their homes by assisting with emergency bill pay.  This is just one of the $15,800 in grants RHOF gave out

  • Posted on April 3, 2014 by

    Charleston Realtors Donate: I was honored last week to be one of the members of the grants committee for the REALTORS® Housing Opportunities Fund of the Charleston Trident Association of REALTORS® and be able to present a check for $3,500 to the Humanities Foundation President, Tracy

    Posted on April 1, 2014 by

    Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. I have included a quote from the article and a small comment from John

  • Posted on March 24, 2014 by

    It isn't far from Yeamans Hall, the exclusive Hanahan country club enclave where Roger Milliken kept a weekend place for years. The late South Carolina textile magnate, a dyed-in-the-wool industrialist, almost certainly would have approved of owning Bushy Park today. In a legacy sort of way,

    Posted on March 18, 2014 by

    Carolina One New Homes is proud to announce its partnership with Xcelsior Palmetto, LLC in the sales and marketing of Palmetto Place Condos in Charleston. Palmetto Place Condos is Xcelsior Palmetto LLC's first condominium project in the Charleston area located in Berkeley County, near the

    Posted on March 18, 2014 by

    Trulia released their Rent vs. Buy Report last week. The report explained that homeownership remains cheaper than renting in all of the 100 largest metro areas by an average of 38%! The other interesting findings in the report include: Even though prices increased sharply in many markets

  • Posted on March 18, 2014 by

    Let’s get the Captain Obvious stuff outta the way right off the bat. Yeah, make sure the paint is peeling, dated or stained. Get rid of the weeds in the yard, and trim things up. The very first thing we do is . . . Bring in our in-house interior designer (Jennifer Brinson) for her detailed

    Posted on March 18, 2014 by

    When it comes to adding on to your home or making a few renovations, it's easy to assume that whatever you invest in a remodel will get recouped on your home's value. This is not necessarily the case. Remodeling Magazine has some stats on which ones are most worth the investment, though. The

    Posted on March 18, 2014 by

    Winter's fury of frigid temperatures and ice put a slight chill on Charleston Home Sales in February, officials said Monday. Sales figures  Charleston County 436 sales at a median price of $265,000. Last February, 371 homes sold at a median price of $239,500. Berkeley County

  • Posted on March 16, 2014 by

    The multifamily Charleston Properties sector is poised for a healthy 2014, but after this year, growth is expected to moderate to more historical levels, according to a new analysis by Freddie Mac and Fannie Mae. "As the broader economy continues to grow, we expect the overall multifamily sector

    Posted on February 14, 2014 by

    Let’s face it, no one is going to buy or lease your commercial property unless they know about it. So, when there is a plethora of properties and opportunities for tenants and buyers to look at, how do you make your property stand out? Here are a few tips. Videos A simple and cost effective

    Posted on February 13, 2014 by

    Given the ballooning cost of acquiring sites for development, particularly in Manhattan and other prime locations, the site acquisition stakes for multifamily developers have seldom been higher. That means developers must be strategic in selecting sites, competing against rivals, and overcoming

  • Posted on February 13, 2014 by

    Online payments or checks only? Separate checks for roommates or one for the whole apartment? Send a monthly bill or expect residents to remember on their own? Paying rent is an integral part of any apartment community, but there are many methods of collection. How do your residents pay rent—and

    Posted on February 13, 2014 by

    The old adage goes that keeping all your eggs in one basket is a bad idea. But when it comes to marketing analytics, it seems to be the strategy du jour. It’s too soon to see automated marketing strategies take center stage—look for those in 2015. This year, centralized data collection, leading

    Posted on February 13, 2014 by

    Which acquisition tactics will serve you best? MHN interviews Rex Hakimian, executive director, acquisition & finance, The Hakimian Organization, about mixed-use development in New York, the decision to hire internationally recognized interior design firm Rockwell Group and much more. The site

  • Posted on February 13, 2014 by

    By Joshua Ayers, Senior Editor A sound and streamlined operations practice is truly the make-it or break-it factor when it comes to the success of property management companies. Single communities, as well as regional- and national-level portfolios, all depend on efficiency. How to handle marketing

    Posted on February 13, 2014 by

    There are many candidates for greatest loss in the history of New York City building teardowns. The post Streetscapes: Belles of the Wrecking Ball appeared first on Real Estate Investor

    Posted on February 13, 2014 by

    Realtor.com operator Move Inc. posted $70,000 in net income during the fourth quarter of 2013 — a 96 percent drop from the year before — despite growing revenue by 7 percent to $56.5 million. For the year as a whole, … The post Move boosts 4Q revenue to $56.5M, but profits down

  • Posted on February 13, 2014 by

    Please click on the link to read complete commentary. Thank you! The post Do You Speak Fluent Corporate Buzzword? appeared first on Real Estate Investor

    Posted on February 13, 2014 by

    RWN Real Estate Partners and Silverstone Property Group have announced the sale of The Grayson, a 17-story, 128-unit residential building located at 247 East 28th Street in Kips Bay, for $99.75 million. A rendering of The Grayson’s renovated lounge Martin Nussbaum, principal and co-founder

    Posted on February 13, 2014 by

    Advertising firm Publicis, while in the process of merging with Omnicom to form what will reportedly become the largest media conglomerate in the world, has signed a temporary five-year lease for 113,947 square feet at 1 Penn Plaza. 1 Penn Plaza Publicis, expected to take occupancy in April, will

  • Posted on February 12, 2014 by

    Tweet A division of computer giant IBM has signed on to anchor Edward Minskoff’s 51 Astor Place. 51 Astor Place Stroock & Stroock & Lavan LLP, confirmed late Tuesday that IBM Watson Group, a unit of International Business Machines Corp., has signed  a long-term lease for

    Posted on February 12, 2014 by

    Home price gains in the Golden State slowed in the fourth quarter, leaving home affordability unchanged from the previous quarter’s five-year low. The share of homebuyers who could afford to buy a median-priced, existing single-family home in California was 32 … The post Only 1 in 3

    Posted on February 12, 2014 by

    Larger mortgage real estate investment trusts are scooping up the discounted stock of fellow REITs because their prices have dropped so low. For instance, the second-largest U.S. mortgage REIT, American Capital Agency, bought $400 million worth of competitors’ shares in the last two months,

  • Posted on February 12, 2014 by

    Real estate information and technology firm CoreLogic is in the “advanced stage” of bringing to market a new service that will predict when homeowners are likely to list their home for sale using information gleaned from their social media pages, … The post New CoreLogic service

    Posted on February 12, 2014 by

    From left: 371 Sixth Avenue, Brooklyn and Principal of East River Partners, Jody Kriss Closings started for the sold-out condominiums at a Park Slope conversion that Manhattan-based developer East River Partners gutted and renovated in 2012. The two and three bedroom condos at 371 Sixth Avenue

    Posted on February 12, 2014 by

    The Federal Housing Finance Agency Office of Inspector General provides initiatives to the GSEs — including a series of directives setting forth contractual requirements that the Enterprises must incorporate into their servicing guidelines. The post FHFA-OIG: GSE mortgage servicing needs

  • Posted on February 12, 2014 by

    A drop in interest rates in the last month defied forecaster expectations and gave homebuyers a bit of unexpected relief as the Federal Reserve announced plans to begin tapering its purchases of mortgage-backed securities. The average 30-year fixed rate mortgage in the U.S. fell to a rate of 4.23

    Posted on February 12, 2014 by

    Tweet STEVE CHEN The boss of one of New York’s leading window manufacturers has shot down claims that he’s moving his firm out of the city because of efforts to hike minimum wages here and mandate paid sick leave for workers. “The company is not moving,” said Steve Chen,

    Posted on February 12, 2014 by

    Nationstar said they see a great opportunity in MSRs but they aren’t going to be acquiring just for acquisition’s sake. The post Nationstar hungry for more MSRs appeared first on Real Estate Investor

  • Posted on February 12, 2014 by

    From left: Publicis’ Maurice Lévy and 1 Penn Plaza Advertising giant Publicis has inked a deal for 110,000 square feet of temporary space in the lower floors of 1 Penn Plaza. The deal is for a temporary, five-year office lease — an unusual deal where Publicis is picking up the tail

    Posted on February 11, 2014 by

    Final bidders are in talks to pay more than $400 million for the Standard Hotel in Manhattan. The per-room cost of at least $1.2 million would be the highest for a U.S. hotel since the financial crisis. The post Standard Hotel to Fetch a Postcrisis Record appeared first on Real Estate Investor

  • Posted on February 11, 2014 by

    Plans call for a mixed-use development on land now hemmed in by a highway, where Veterans Memorial Coliseum stood. The post Developer Takes a New Look at Downtown New Haven appeared first on Real Estate Investor

    Posted on February 11, 2014 by

    Windblown chunks of snow flying off 1 World Trade Center leads to closed sidewalk to protect pedestrians, an icy predicament several cities face. The post On the Lookout for Falling Ice Amid Manhattan’s Towers appeared first on Real Estate Investor

  • Posted on February 11, 2014 by

    The Porcelli family’s company reached a deal with development giant Related to launch a $200 million project on a gas-station site in Manhattan’s SoHo neighborhood that the family bought for $100,000. The post Gas-Station Owner Cashes ‘Lottery Ticket’ appeared first on

    Posted on February 11, 2014 by

    Mr. Sidhu, is the managing principal of Megalith Capital, which specializes in multifamily developments. The post The 30-Minute Interview: Samvir Sidhu appeared first on Real Estate Investor

  • Posted on February 11, 2014 by

    Rates on jumbo mortgages are in the same ballpark as conventional loans, and the new “qualified mortgage” regulations that took effect in January don’t apply to them. This year is already shaping up to be a “banner year” for jumbo … The post Jumbo mortgage

    Posted on February 11, 2014 by

    From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick The cost of living in Brooklyn may be going through the roof, but there are still affordable corners to be found in Bushwick, Crown Heights and Sunset Park — if you’re

    Posted on February 11, 2014 by

    Corvex Management has stepped up its fight against CommonWealth REIT, a real estate investment concern, by adding the billionaire Samuel Zell to its slate of board nominees for the company.

  • Posted on February 11, 2014 by

    Rising home prices and interest rates made housing less affordable last year than at any time in the last five years, according to National Association of Realtors data. So is it time to sound the siren over a housing bubble? Not really.

  • Posted on February 10, 2014 by

    Indiana is joining about a dozen other states in requiring that anyone who wants to help consumers buy and sell homes be licensed as a “broker.” Under changes taking effect July 1, Indiana agents currently licensed as a “salesperson” will … The post Indiana doing away

    Posted on February 10, 2014 by

    A building at Seventh Avenue and 40th Street would be demolished and the synagogue within it would be rebuilt under plans by Sharif El-Gamal and a partner. The post New Plan by Islamic Center Developer: Rebuild a Synagogue appeared first on Real Estate Investor

    Posted on February 10, 2014 by

    A Fannie Mae underwriting support specialist is one of seven people indicted for their alleged involvement in an identity theft scheme that was active from October 2009 to July 2013. Katrina Thomas, 40, of Garland, Texas, is accused of stealing … The post Fannie Mae employee indicted for

  • Posted on February 10, 2014 by

    In its first move to tap public capital, Texas driller Diamondback Energy raised more than $230 million in an October 2012 IPO. Since then, it has done a $450 million bond offering and raised over $300 million in follow-on equity offerings. Secondary offerings expand ownership and dilute the value

    Posted on February 10, 2014 by

    Patrick Dugan Commercial real estate firm Cushman & Wakefield has poached former CBRE broker Patrick Dugan to serve as a director in the New York City office. Dugan will also managing the information technology team, according to a statement today from Cushman. “Patrick Dugan has developed

    Posted on February 10, 2014 by

    by Adriana Pop, Associate Editor In a $64 million deal, Paolino Properties has purchased three downtown Providence properties from O’Connor Capital Partners of New York City. The acquisition includes the 20-story office tower at 100 Westminster St., the attached historic building at 30 Kennedy

  • Posted on February 10, 2014 by

    Renderings of 450 West 33rd Street Brookfield Office Properties has officially decided to give its 1.7 million-square-foot tower at 450 West 33rd Street a $200 million renovation. The upgrade will include a pleated glass façade and a deck over the Lincoln Tunnel entrance to better integrate the

    Posted on February 10, 2014 by

    The National Association of Realtors often warms to the positive side, but NAR’s chief economist sounds almost like he’s a little sour on the economy. The post NAR’s chief economist said what about the housing market? appeared first on Real Estate Investor

  • Posted on February 10, 2014 by

    A survey by Realtor.com shows that falling head-over-heels for a house is fairly common—69% of respondents reported that they have had a home crush.

    Posted on February 7, 2014 by

    When the spring buying season kicks off in the days and weeks ahead, don’t expect prices to rise as fast as they did last year, Trulia Chief Economist Jed Kolko tells Bloomberg News reporter Prashant Gopal. Expect to see “a … The post More inventory expected to materialize this

  • Posted on February 7, 2014 by

    The famed restaurant is scouring the neighborhood for a suitable, but less expensive home as lease negotiations continue. The post Four Seasons on Shaky Ground at Its Park Ave. Home appeared first on Real Estate Investor

    Posted on February 7, 2014 by

    Information was as abundant as optimism this week at the International Builders' Show in Las Vegas, where more than 75,000 home builders and suppliers gathered to discuss topics ranging from new building products to buyers’

  • Posted on February 7, 2014 by

    From left: 42-22 Ketcham Street, John Petras and George Michelis RockFarmer Capital, an affiliate of Douglaston Realty Management, picked up a 100,000-square-foot co-op building in Elmhurst, Queens, for $11.7 million in an off-market deal, the investment and development firm told The Real Deal.

    Posted on February 7, 2014 by

    From left: Jeffrey Tanenbaum, Cabrini Medical Center A combination of low residential inventory and a change in medical economics is giving doctors an incentive to sell their offices to developers looking to convert the spaces. Jeffrey Tanenbaum, a former surgeon and Halstead Property agent who

    Posted on February 7, 2014 by

    Prices are easing downward as the chokehold on inventory across the U.S. loosens. The distressed properties that investors snapped up in bulk during the economic downturn are finally coming to market along with new home projects — indicating spring will be a strong selling season. Prices

  • Posted on February 7, 2014 by

    Editor’s note: The #madREskillz finalist who receives the most votes in the poll below will be featured in an Inman News story. Click here to learn how to participate in Inman News’ weekly #madREskillz competition. Voting closes 10 a.m. Eastern time Monday, Feb. … The post Ironic

  • Posted on February 7, 2014 by

    Along with David Meit of Maryland’s Oculus Realty, web-based course provider Grace Hill, web-based property management software vendor Appfolio, and, representing the property management industry, NAR partner IREM all got together recently for an online webinar presentation covering the

    Posted on February 6, 2014 by

    The S&P 500 gained 30 percent last year and is looking bubbly. Bond yields are still low despite Fed tapering. What’s a millionaire to do? Residential and commercial property is seen as the best alternative investment pick for 2014 by … The post Millionaires see real estate as

  • Posted on February 6, 2014 by

    1311-1327 Lexington Avenue (Inset: Glenn Tolchin and Dan Levy) Ashkenazy Acquisition Corporation is set to close tomorrow on the retail space at the base of the Cheshire Group’s Philip House in Carnegie Hill for $17 million, The Real Deal has learned. All but two of the six retail

    Posted on February 6, 2014 by

    From left: Robert Knakal, 303 East 37th Street (Photo credit: PropertyShark) and Marcy Kornblum The board that leads the residential cooperative at 303 East 37th Street in Murray Hill is testing the waters for a sale of the entire building as a development site in a transaction that could bring in

    Posted on February 6, 2014 by

    The health of the real estate market improved markedly in 2013, yet mortgage lending and the securitization of loans are still on government life support. Experts have been taking residential lending’s vital signs, but their prognoses are mixed. Some believe nonagency securitization will rise

  • Posted on February 6, 2014 by

    First American Financial Corp. is set to acquire Interthinx, a provider of mortgage fraud analytics technology and tools, for $155 million, in  a deal that would put the title insurer in competition with real estate and loan data aggregator Core … The post First American set to acquire

    Posted on February 6, 2014 by

    It’s one giant commercial property market out there.  What are this week’s can’t-miss stories? General New York property managers devise survival plans for the next disaster, NYTimes, Jan 28, 2014 – Property managers in the Empire State tackle the problem of

    Posted on February 6, 2014 by

    As an investor in real estate, it is in your best interest to stay in informed and learn how to perform certain maintenance tasks in order to save yourself time, money and hassle.  If your investment properties aren’t too big for you to handle, you can save yourself some money if you are

  • Posted on February 6, 2014 by

    rendering of Moise Safra Community Center The Upper East Side could almost be defined as that part of New York where nothing much seems to happen architecturally, particularly from Lexington Avenue west to Central Park. And the new developments that do arise, with the exception of the Brompton and

    Posted on February 6, 2014 by

    From left: Dennis Russo and development site at 30th Street and 10th Avenue in Hudson Yards Real estate lawyer-turned-developer Dennis Russo has been tapped to head up BakerHostetler’s New York real estate group, based in Manhattan, according to a release from the law firm today. Russo

  • Posted on February 5, 2014 by

    Average mortgage rates fell to the lowest level since mid-November last week as unease over economic growth in the U.S. and market turmoil abroad prompted investors to load up on government bonds, pushing down long-term interest

    Posted on February 4, 2014 by

    Despite fears that China may have a glut of office space, Toronto-based real-estate firm Brookfield Asset Management plans to aggressively expand its portfolio of commercial space. The post Brookfield Bets Big on China appeared first on Real Estate Investor

  • Posted on February 4, 2014 by

    Ireland’s commercial property market, which plunged the country into financial chaos when prices collapsed in 2009, is on the rebound. The post Ireland Plots Its Return From Real-Estate Brink appeared first on Real Estate Investor

    Posted on February 4, 2014 by

    The New England Forestry Foundation and the town of Hawley, Mass., are squaring off in court over property taxes on land held in the public interest. The post For Land Trusts, a Landmark Case appeared first on Real Estate Investor

    Posted on February 4, 2014 by

    Private-equity firms dominated the buying of distressed commercial property in Ireland in the past year, but other investors can now participate in the market with the creation of the country’s first real-estate investment trusts. The post Irish REITs Gain Interest appeared first on Real

  • Posted on February 4, 2014 by

    Tweet Harbor Group International, LLC announced that affiliates of the company have acquired the 439-unit Pheasant Hollow apartment community in Plainsboro, New Jersey from a partnership of Vantage Group and Angelo Gordon & Co., for a purchase price of $62.55 million. HGI will rename the

    Posted on February 4, 2014 by

    Tweet JASON PIZER Workman Publishing Company, a tenant since 2006 and one of the largest independent publishers of trade books and calendars, has signed a 13-year renewal of its 63,200-square-foot lease at Trinity Real Estate’s 225 Varick Street in Hudson Square. “The publishing and media

    Posted on February 4, 2014 by

    Tweet 114 Fifth Avenue In the latest “Silicon Alley” office move, MasterCard International, Inc., the prominent technology company in the global payment industry, will soon establish its Manhattan headquarters at L&L Holding Company LLC’s 114 Fifth Avenue, a 20-story, 330,000-square-foot

  • Posted on February 4, 2014 by

    Cotal construction spending rose 5.3% in December compared with a year earlier to a seasonally adjusted annual rate of $930.5 billion. The post Residential Reigns appeared first on Real Estate Investor

    Posted on February 4, 2014 by

    Tweet 920 Broadway Cushman & Wakefield has been retained as the exclusive leasing agent to market the retail space at 920 Broadway, located at 21st Street in the Flatiron District. The brokerage is marketing 3,963 s/f of ground floor space with 126 feet of wrap-around frontage on Broadway and

  • Posted on February 4, 2014 by

    A panel of top economists expressed generally optimistic views Tuesday about the U.S. housing market, predicting sizeable gains in home construction and new-home sales this year as long as interest rates don’t rise too quickly and job growth continues to advance at a moderate

    Posted on February 4, 2014 by

    Click for more data by metro Inventories are rising in a handful of housing markets that have seen large price increases and intense demand from investors over the past year. The number of homes listed for sale in December rose by nearly a third from a year earlier in Orlando, Fla., to the

    Posted on February 4, 2014 by

    I’ve written here before about the phenomenon of crowdfunding in the commercial real estate market. A fast-growing new source of investment capital enabled by a last year’s relaxation of SEC regulations, crowdfunding in commercial property might conjure up images of a “wild

  • Posted on February 3, 2014 by

    The nearly 10,000-member Greater Montreal Real Estate Board has rejoined the Canadian Real Estate Association after an “Internet consultation” with members last week showed support for the move, REMonline reported. The trade group voted to leave CREA in December in … The post

    Posted on February 3, 2014 by

    This deal will combine the two platforms into one robust service. There will now also be operations on the west coast (LERETA) and on the east coast (QBE) for more client convenience. The post LERETA acquires QBE tax business appeared first on Real Estate Investor

    Posted on February 3, 2014 by

    A home is the biggest purchase many people will ever make, and because home values can move abruptly in either direction, homebuyers are often advised to think of a prospective home primarily as a place. If it also happens to … The post The X factor in the buy vs. rent equation: How long

  • Posted on February 3, 2014 by

    From left: Reed Krakoff and 113-115 East 70th Street Fashion designer and former Coach executive director Reed Krakoff has unloaded his townhouse on the Upper East Side for a cool $51 million. The 18,000-square-foot, seven-story home at 113-115 East 70th Street was built in 1910 and purchased by

    Posted on February 3, 2014 by

    New York City’s Home Energy Assistance Program, HEAP, began in the 1980s with the goal of helping low-income New Yorkers pay their heating bills. But these days, the main beneficiaries appear to be landlords. Most Big Apple tenants do not pay for heat, and as such property owners —

    Posted on February 3, 2014 by

    Exterior design and floor plan for 2415 Albemarle Road (Credit:Hello Living) Design plans for the latest installment of Eli Karp’s Hello Living, the developer’s fifth on tap for Brooklyn, have been revealed. The project is setting up shop at 2415 Albemarle Road in Flatbush, and will

  • Posted on February 3, 2014 by

    Western Gas Equity Partners doesn’t actually do much but pay expenses typically incurred by a public company, such as registration and auditor fees. It also dispenses cash to investors. Those fast-growing payouts — in the fourth quarter, distribution jumped 40% vs. the year earlier

    Posted on February 3, 2014 by

    From left: Noah Freedman, Bruno Ricciotti and 853 Broadway Residential brokerage Bond New York is expanding with a new office at the Feil Organization’s 853 Broadway in Union Square. The firm signed a 10.5-year lease for a gutted 8,000-square-foot space near 14th Street. About 100 agents from

    Posted on February 3, 2014 by

    Camden, N.J. tops the list of the nation’s most dangerous cities in 2013, according to an annual report based on FBI data that tracks both violent and property crimes. The post Most dangerous cities appeared first on Real Estate Investor

  • Posted on February 3, 2014 by

    Ara Erickson, sustainability manager with timber REIT Weyerhaeuser (NYSE: WY), joined REIT.com for a video interview at NAREIT’s 2014 Leader in the Light Working Forum in San Francisco…. Please click on the link to read complete commentary. Thank you! The post Sustainability

  • Posted on January 31, 2014 by

    At our company we’re in the middle of changing our payroll providers. We did the logical thing and had the new provider start with the new year; however, pesky things like issuing 1099′s for 2013 were dropped into a limbo state.  Now, they’re due today (January 31st in case

  • Posted on January 31, 2014 by

    Those few New Yorkers who live in rent-regulated or limited-equity co-op apartments that can be thousands of dollars cheaper than their market-rate neighbors have to accommodate the deja vu that sometimes comes with living in a place they’ve know since … The post NYC’s ‘truly

    Posted on January 31, 2014 by

    This will be one of the best opportunities to hear first hand, how we can all use Linkedin to make money and grow our business! Matthew Smith of REA has organized this totally free webinar, in conjunction with Barbi Reuter, Allen C. Buchanan and myself. He has put much work into finding Yuhannes

    Posted on January 31, 2014 by

    BHS CEO Hall Willkie and 130 Fifth Avenue Residential brokerage Brown Harris Stevens has inked a deal to open its new downtown office, at 130 Fifth Avenue between 17th and 18th streets, this summer, a spokesperson for the brokerage told The Real Deal exclusively. The new 13,000-square-foot space,

  • Posted on January 31, 2014 by

    California home builder New Home Co. did well Friday on its first day of trading on the New York Stock Exchange as its stock closed at $12.20, up 10.9% from its offering price.

    Posted on January 31, 2014 by

    388-390 Greenwich Street and Marc Holliday SL Green Realty’s ability to persuade Citigroup to relocate its headquarters to 388 and 390 Greenwich Street was the real estate investment trust’s “crowning achievement” of the fourth quarter — and will allow the company to go on the

    Posted on January 31, 2014 by

    A Lapeer County, Mich., brokerage has changed its name from “Pure Michigan Real Estate” to the less catchy but more litigation-proof “Real Estate Security Corp.” The Michigan Economic Development Corp., a “quasi-state agency,” filed a federal lawuit against the

  • Posted on January 31, 2014 by

    From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett Gary Barnett’s Extell Development paid $308.2 million for Frank Ring’s 50 percent stake in 13 buildings, mostly located in Midtown South, city records show. The acquisition was announced in October when the

    Posted on January 31, 2014 by

    While pending home sales declined in December – and housing groups blamed it on the weather – the market is dealing with a great deal of contradictory data. The post First month of 2014 slams Wall Street, Dow falls 5% appeared first on Real Estate Investor

  • Posted on January 31, 2014 by

      The US Bureau Of Labor Statistics have issued fresh projections for the positions with the most job growth over the next eight years. These numbers hit the web in December and I caught up with them while doing research on projections for growth in demand for medical properties. The table

    Posted on January 30, 2014 by

    Investors are cheering the gains in asset values seen during 2013 from a strengthening recovery in the U.S. office market, and looking forward to an even brighter 2014 as virtually all the important metrics that drive rent growth and property income are expected to continue to improve over the next

  • Posted on January 29, 2014 by

    Banks have begun selling bonds backed by foreclosed homes turned into rentals in the United States, bringing calls for Congress to look into the deals. The post DealBook: Wall Street’s New Housing Bonanza appeared first on Real Estate Investor

    Posted on January 29, 2014 by

    Forecast of Americas office market by C&W Research. Presentation given in December 2013 as part of our Webinar Series. Please click on the link to read complete commentary. Thank you! The post Global Office Forecast – Americas appeared first on Real Estate Investor

    Posted on January 29, 2014 by

    Savills CEO Jeremy Helsby and 1960 First Avenue Landlord partnership Urban American and the City Investment Fund (a fund co-sponsored by Fisher Brothers and Morgan Stanley) recruited global real estate services provider Savills to help recapitalize its $938 million portfolio of 4,000 apartments.

  • Posted on January 29, 2014 by

    Orlando, Fla., leads the pack of the top commercial real estate markets in the country, according to a Coldwell Banker Commercial Market Report. read more The post Orlando Leads U.S. Commercial Real Estate Markets appeared first on Real Estate Investor

    Posted on January 29, 2014 by

    From left: Mark Morris Dance Group and rendering of 95 Rockwell Place Developer Second Development Services has paid Brooklyn’s Mark Morris Dance Group $2.84 million for air rights that pave the way for a 200-key hotel. The hotel, to be part of the Marriott Autograph Collection, will make

    Posted on January 29, 2014 by

    New York City-based brokerage Warburg Realty has acquired the 12-agent firm Rubicon Property and its prime Upper West Side office. The acquisition establishes a fourth office for the long-standing Manhattan brokerage, brings its agent count to 137 and delays the … The post NYC’s Warburg

  • Posted on January 29, 2014 by

    American Homes 4 Rent CEO David Singelyn and his leadership team at the company’s IPO Three months after Blackstone Group completed its first sale of bonds backed by rental home payments, single-family landlord American Homes 4 Rent has tapped Goldman Sachs to arrange the sale of its own

    Posted on January 29, 2014 by

    A caller asks: What is your outlook for the office sector in 2014? “Ask Michael Bull” is a commercial real estate FAQ video series featuring a new video posted each business day. Thirty year… Please click on the link to read complete commentary. Thank you! The post What

    Posted on January 29, 2014 by

    1790 Third Avenue An Israeli investor has closed on the purchase of a development site at 1790 Third Avenue, paving the way for construction of a new 52-unit residential rental building, The Real Deal has learned. The unidentified inventor bought the property, between East 99th and East 100th

  • Posted on January 29, 2014 by

    135 East 79th Street Two penthouses in the Brodsky Organization’s tony 135 East 79th Street hit the market yesterday asking $28.5 million and $18.5 million. The pricier of the two, a duplex with five bedrooms and four baths, sprawls across 5,429 square feet and boasts a library, formal

    Posted on January 28, 2014 by

    New York state is looking to sell one of its prisons—on prime Chelsea real estate at 20th Street and Eleventh Avenue—to a developer to transform it into offices or an educational facility. The post Former Prison Could Be Tough Sell appeared first on Real Estate Investor

  • Posted on January 28, 2014 by

    Often, it’s what a person doesn’t say that matters most. And while the President’s State of the Union address on Tuesday night touched on many expected topics — it was one expected topic that President Obama chose not to discuss that most caught our attention at

    Posted on January 28, 2014 by

    Capitalization rates, used by real-estate investors to measure the annual return of income-producing properties, declined for many property types in 2013. The post Cap Rates Abate appeared first on Real Estate Investor

    Posted on January 28, 2014 by

    A partnership that paid about $938 million for a portfolio of New York apartments before the downturn wants to take advantage of a strong rental market to bring in capital to cut debt, upgrade and pay off some investors. The post New York Landlord Seeks Fresh Capital appeared first on Real Estate

  • Posted on January 28, 2014 by

    Throughout Dubai, developers are restarting projects that were stalled by the emirate’s property crash in 2008. But the real-estate landscape looks more residential than anyone envisioned in a prebust world. The post Residential Trumps Office Space in Postcrash Dubai appeared first on

    Posted on January 28, 2014 by

    Larry Silverstein is trying to wrangle better financing from government agencies to restart work on a $2.3 billion office tower on the site of the World Trade Center complex in Downtown Manhattan. The post Silverstein Seeks New Debt Deal for WTC Complex appeared first on Real Estate Investor

    Posted on January 28, 2014 by

    D.R. Horton sounded a bullish note to the early start of the spring home-selling season by announcing that strong sales were enabling it to raise prices. The post D.R. Horton Says It Can Raise Prices appeared first on Real Estate Investor

  • Posted on January 28, 2014 by

    215 East 68th Street in 1959 A mystery 1959 photo of a lonely Upper East Side brownstone, surrounded by rubble on all sides, is now being solved. The 215 East 68th Street home, located between Second and Third avenues, was once home to poet and writer Stephen Vincent Benet, according to a Museum

    Posted on January 28, 2014 by

    Zhang Yuliang and Darcy Stacom The level of international investment in New York City commercial properties could be at its all-time peak right now, according to Darcy Stacom of commercial brokerage CBRE Group in an interview. Although offshore investments has never been well tracked, Stacom said,

    Posted on January 28, 2014 by

    Despite some optimism at the beginning of the year, a 6-year-old federal law that allowed homeowners to avoid liability for federal income tax on debt forgiven in a short sale or through a principal reduction may not be extended until … The post Tax reform debates may stymie mortgage debt

  • Posted on January 28, 2014 by

    The S&P/Case-Shiller home price index showed that home prices have been on a tear during 2013, driven by more buyers chasing a shrinking supply of homes for sale -- and critically, chasing fewer distressed properties.

    Posted on January 28, 2014 by

    Above: An early method of obtaining news called a “newspaper”. General Fall of REITs put their rhythms in doubt - REITs lagged stocks last year. Why? Don’t blame rising interest rates, says NAREIT. (WSJ, Jan. 14, 2014) Real Estate investment a major factor in city success -

  • Posted on January 27, 2014 by

    Be sure to tune into MHN Radio to hear Jack Kern and Mike Ratliff dissect the changing nature of mortgage banking, as well as the challenges and opportunities 2014 should present to the industry. Click to view a larger image. The post 2014 Top Mortgage Banking Firms appeared first on Real Estate

  • Posted on January 27, 2014 by

    From left: Joseph Sitt, 58 Ninth Avenue and Michael Shah Thor Retail Advisors will be heading up leasing at DelShah Capital’s 58 Ninth Avenue in Manhattan’s meatpacking district. The 3,400-square-foot retail space, with 24 feet of frontage on Ninth Avenue between West 14th and West

    Posted on January 27, 2014 by

    Pastis at 9 Ninth Avenue in the Meatpacking District (Credit: Guest of a Guest) Pastis, a Meatpacking District French restaurant favored by the jet set, has received an eleventh-hour reprieve. Though it was originally slated to close at the end of this month, the bistro will now remain open until

    Posted on January 27, 2014 by

    From left: 140 58th Street and 3D printed meat from Modern Meadow Modern Meadow, a tissue-engineering firm that grows leather in test-tubes and meat via in-vitro, is looking to lease for up to 10,000 square feet in Brooklyn Army Terminal’s BioBAT facility. The company hopes its

  • Posted on January 27, 2014 by

    Zombie foreclosures are taking over the Chicago area like a rapidly spreading disease. According to a recent report, at its current rate, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the City of Chicago, by 2015. The post The cure to zombie

    Posted on January 27, 2014 by

    Whether it’s the warm weather, jobs or cheap cost of living, these are the top 10 cities Americans are moving to, according Penske Truck Rental’s annual list. The post Top 10 cities people are moving to appeared first on Real Estate Investor

    Posted on January 27, 2014 by

    From left: 23 West 36th Street and a sewing needle Lofty prices have pushed a Brooklyn fashion networking company away from its home base and into Manhattan. Manufacture NYC, a program that gives budding designers access to industrial sewing machines and design software, conducted an exhaustive

  • Posted on January 27, 2014 by

    The commercial property market in central Indiana has had an exemplary recovery in 2013 and 2014 appears to promise more of the same. In Colliers’ 2013 year-end report on the Indiana region, the low-tax, low-services state is highlighted with many big industrial property deals in and around

    Posted on January 26, 2014 by

    Wells Fargo, the bank that’s big just about everywhere except New York, has its eyes on the Big Apple. Five years after gaining a toehold in the city when it acquired Wachovia at a fire-sale price,… To view the full story, click the title link. The post Wells Fargo pushes NY

    Posted on January 26, 2014 by

    For real estate interests, the election of an unabashed liberal as City Council speaker this month was a setback. Another one holding the gavel of the powerful Land Use Committee could have been a… To view the full story, click the title link. The post A glimmer of hope on City Council

  • Posted on January 26, 2014 by

    For decades, a five-floor retail space at 36 E. 32nd St. was a venue for Oriental-rug shopping. Now it’s a good place to find a doctor. Faced with rising rents and limited showroom space, the… To view the full story, click the title link. The post Outpatient medical facilities show

    Posted on January 25, 2014 by

    Opportunities and challenges for 2014: after the strongest year on record for Asia Pacific commercial real estate markets, JLL looks ahead at what this year has in store. Where will the biggest… Please click on the link to read complete commentary. Thank you! The post JLL 2014 Asia

  • Posted on January 25, 2014 by

    A listener asks: Can a residential agent change to commercial real estate easily? “Ask Michael Bull” is a series of commercial real estate questions, posted every business day, answered by 30… Please click on the link to read complete commentary. Thank you! The post Can a

  • Posted on January 25, 2014 by

    From left: Cynthia and Arthur Wood and the Broken Angel home in Clinton Hill (right) One of Brooklyn’s most distinctive buildings, known as the Broken Angel, has sold for $4.1 million.  The brick townhouse became an iconic part of the Clinton Hill neighborhood after artist Arthur Wood and his

    Posted on January 25, 2014 by

    From left: Elizabeth Hazan, 1 East 62nd Street and Joan Rivers  Elizabeth Hazan, the alleged Upper East Side “squatter” who was booted from 1 East 62nd Street by a lawsuit with comedienne Joan Rivers, may now lose the property altogether. Hazan, a French Canadian, is being sued by

  • Posted on January 24, 2014 by

    Aaron Binkley, director of sustainability programs with industrial REIT Prologis (NYSE: PLD), joined REIT.com for a video interview at NAREIT’s 2014 Leader in the Light Working Forum in San… Please click on the link to read complete commentary. Thank you! The post Prologis

  • Posted on January 24, 2014 by

    2014 will see the return of the crane to the Dublin landscape. Commercial property consultants CBRE Ireland yesterday released their Outlook 2014 annual report containing their final year figures for… Please click on the link to read complete commentary. Thank you! The post CBRE

    Posted on January 24, 2014 by

    Search HomeAway.com for vacation homes and cottages on Martha’s Vineyard and you’ll have to sift through more than 2,000 properties. Ask a broker if he knows of a place where you can stay year-round, and you’ll probably hear what Martha’s … The post Existence of

    Posted on January 24, 2014 by

    From left: Justice Shirley Werner Kornreich and the “South of Power” zone (image via the Verge) Briana Adler, the remaining plaintiff in a proposed Hurricane Sandy-related class action that sought rent reimbursements from landlords of storm-affected properties in New York, has had her

  • Posted on January 24, 2014 by

    New York State Pavilion in Queens The fate of the New York State Pavilion in Queens, which has been left to rust for half a century, will be decided this weekend. Some say the distinctive modernist landmark is beyond repair and should be scrapped. Designed by Philip Johnson in 1964 and located in

    Posted on January 24, 2014 by

    The Broken Angel House at 4-8 Downing Street in Clinton Hill has been sold to Brooklyn development firm Barrett Design & Development LLC for $4.1 million. The brick townhouse has been a neighborhood landmark since artist Arthur Wood and his late wife, Cynthia, bought the property in 1979. The

  • Posted on January 24, 2014 by

    305 Decatur Street The slapdash heating system in a Secton 8 building in Bedford-Stuyvesant isn’t cutting it — nor are management’s lackluster promises of repair. Baseboard heating came to the 32-unit 305 Decatur Street in late 2013, despite resident complaints of being without

    Posted on January 23, 2014 by

    A caller asks: How will the commercial real estate market fare in 2014? “Ask Michael Bull” is a series of commercial real estate questions, posted every business day, answered by 30 year… Please click on the link to read complete commentary. Thank you! The post How will

    Posted on January 23, 2014 by

    Record level of transactional activity achieved last year to be matched if not exceeded during 2014. Commercial property consultants CBRE Ireland yesterday released their Outlook 2014 annual report… Please click on the link to read complete commentary. Thank you! The post CBRE

  • Posted on January 23, 2014 by

    Thanks to the housing market recovery, many homebuilders delivered solid financial gains last year. Now comes the tricky part: sustaining that momentum in 2014, when the industry might see a few more head winds. Toll Bros. (TOL) figures to be one of the builders that keeps racking up robust gains

    Posted on January 23, 2014 by

    Mansfield Hotel Ark Partners have asked a Manhattan Supreme Court judge to block the termination of the ground lease at the historic Mansfield Hotel. Ark Partners has been trying to sell the midtown property since late last year. In court papers filed Wednesday, Ark Partners says the owners of the

  • Posted on January 23, 2014 by

    While economists are encouraged by recent job growth in the U.S., they say the impact on home sales won’t be meaningful until jobs get created at a faster pace and newly employed young people have more time to build up savings. On the plus side, employment has been growing while the

    Posted on January 23, 2014 by

    Home sales in New York’s Hamptons, the beachside retreat of financiers and celebrities, dropped last quarter from a record set a year earlier as sellers rushed to unload properties ahead of an expected tax increase. Transactions in the fourth quarter totaled 496, down from 529 in the same

    Posted on January 23, 2014 by

    Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years. Sales increased to an annual rate of 4.87 million units last month, up 1% from the November sales pace, the National Association of Realtors reported Thursday.

  • Posted on January 23, 2014 by

    Bonds backed by rental payments may be gaining the attention of investors, but they’ve also caught a few critics along the way. One Congressman is already asking for an investigation. The post Are rental bonds driving up the rent? appeared first on Real Estate Investor

    Posted on January 23, 2014 by

    From left: Alicia Glen and Mayor Bill de Blasio Aiming to outdo Mayor Edward Koch, who created tens of thousands of affordable apartments in the 1980s, and Mayor Michael Bloomberg, who pushed for preserving rent-stabilized residences, Mayor Bill de Blasio promises to either build or hang onto

    Posted on January 22, 2014 by

    By Alex Girda, Associate Editor On the heels of significant price increases in Las Vegas’ single-family home market, multi-family properties may be gaining further traction with investors. A case in point: Griffis Residential’s recent $43.2 million acquisition of The Wellington, a

  • Posted on January 22, 2014 by

    From left: David Greenfield and Daniel Garodnick Mayor Bill de Blasio has tapped Brooklyn councilman David Greenfield to be the new chairman of the city’s Land Use Committee, a key panel that approves development projects and has veto power over the Department of City Planning’s rezoning

    Posted on January 22, 2014 by

    500 West 185th Street (Inset: Bernie Madoff) Still struggling after losing roughly $100 million in one-time trustee Bernard Madoff’s Ponzi scheme, Yeshiva University plans to sell several properties on the main campus, at 500 West 185th Street in Washington Heights. Companies have liquidated

    Posted on January 22, 2014 by

    From left: Huma Abedin and Anthony Weiner, 340 23rd Street A Citi Habitats broker who spoke to the press about Anthony Weiner’s search for a cheaper apartment in Gramercy Park was bashed by the formal mayoral candidate on Wednesday. After showing Weiner and his wife, Huma Abedin, a

  • Posted on January 22, 2014 by

    AH!!! It’s that time of the year again when we need to start filing our taxes.  Instead of procrastinating or stressing about the hassles of tax time, we put together a few tips that you may want to consider to keep things as easy and as painless as possible this year. They are designed to

    Posted on January 22, 2014 by

    135 West 50th Street, APA in Los Angeles and Freddie Fackelmayer The Sports Illustrated Building in Midtown West has a new tenant: the Agency for the Performing Arts, a national talent and literary agency. APA grabbed a 28,375-square-foot space, which it will sublet from asset management firm

  • Posted on January 22, 2014 by

    Millennial Managers Seek Challenges, Mentoring and a Fast Track  By Paul Rosta, Senior Editor Last year, a 20-something property manager for Colliers International requested some time off. The building he had been managing in Washington, D.C., had just been sold, and it would be a few months

    Posted on January 22, 2014 by

    Renderings of NYU 2031 A Manhattan Supreme Court judge’s recent decision to bar New York University from using two city-owned strips of land in its planned expansion may have done community advocates more harm than good, according to a Crain’s op-ed. Justice Donna Mills ruled on Jan. 7

    Posted on January 22, 2014 by

    A top Treasury Department adviser on housing policy outlined a series of initiatives that the Obama administration could undertake in 2014 to overhaul the nation’s mortgage market, even if Congress doesn’t succeed in shepherding a bipartisan overhaul of Fannie Mae and Freddie

  • Posted on January 22, 2014 by

    Starwood Hotels & Resorts Worldwide Inc. sold one of its most prestigious properties, the St. Regis Bal Harbour Resort, kicking off what is expected to be a flurry of sales activity by the company over the next three

    Posted on January 22, 2014 by

    By Jessica Fiur, Senior Editor January is the time for resolutions—what do you plan to change in your marketing methods? MHN talked to several marketers in the multifamily industry to find out what they are most excited to implement in 2014, and which marketing channels they plan to retire. ❝At

    Posted on January 21, 2014 by

    The housing boom in Australia is spreading beyond Sydney. The price increases have fueled debate over whether the country’s central bank should raise interest rates to keep the market from overheating. The post Investors Fuel Australia Housing Boom appeared first on Real Estate Investor

  • Posted on January 21, 2014 by

    Five years after entering the U.S. market, Stockholm-based Skanska is showing why the best wagers on office development can be early in a recovery, when few others have the financing or bullishness to build. The post Swedish Builder Puts Its Hooks in U.S. Office Market appeared first on Real Estate

    Posted on January 21, 2014 by

    “Technically, I can’t charge for any of the flying. I charge for editing.” So says Luke Pierzina of Phoenix, Ariz.-based Aerial Raiders, a company that uses quadcopters to shoot photographs and video for real estate companies and other clients. A … The post FAA rules not deterring real

    Posted on January 21, 2014 by

    Angiola Armellini — daughter of an Italian construction magnate who made a fortune building flats in and around Rome during the 1970s — has been charged by Italian authorities with avoiding 17 million euros in real estate taxes on 1,243 … The post How the heck do you avoid paying

  • Posted on January 21, 2014 by

    An “extraordinarily low” supply of condos in downtown Seattle — just 98 were on the market last month — and a dearth of planned construction could fuel a resumption of condo conversions as the number of jobs in the region … The post Conditions in Seattle ripe for

    Posted on January 21, 2014 by

    In the last three months of 2013, foreclosure starts in California hit their lowest level since the height of the housing boom in 2005, according to real estate information service DataQuick. Lenders and servicers recorded a 52.6 percent year-over-year drop … The post California foreclosure

    Posted on January 21, 2014 by

    After 2013′s big gains, home prices are expected to moderate this year. See how your market is expected to fare. The post Home prices: Check your local forecast appeared first on Real Estate Investor

  • Posted on January 21, 2014 by

    Rick Avery, vice president for information management at Health Care REIT (NYSE: HCN), joined REIT.com for a video interview at NAREIT’s 2014 Leader in the Light Working Forum held in San… Please click on the link to read complete commentary. Thank you! The post Health Care

    Posted on January 21, 2014 by

    A listener asks: Can I get a loan on a commercial property without a personal guarantee? “Ask Michael Bull” is a series of commercial real estate questions, posted every business day,… Please click on the link to read complete commentary. Thank you! The post Can I get a

    Posted on January 21, 2014 by

    ABS Vegas is underway and so far, the consensus seems to be that you can look for GSE reform in 2014. However, you can pan for gold in your bathtub, and probably expect better results. The post What could become of Fannie and Freddie? appeared first on Real Estate Investor

  • Posted on January 21, 2014 by

    The commercial real estate business has long had its online counterparts: bustling markets in online development (aka web sites) and space rental (aka hosting) are each circulating many billions a year as the commercial internet moves into its third decade.  That includes the market for internet

  • Posted on January 20, 2014 by

    From left: Noah Freedman and 1500 Second Avenue Bond New York’s Upper East Side office had an unwelcome visitor Monday afternoon, as an automobile ran over the sidewalk and slammed into the brokerage’s front window. The driver lost control of the car and crashed into the office at 1500

    Posted on January 20, 2014 by

    Greg O’Brien and John Gates Chicago-based commercial real estate brokerage Jones Lang LaSalle has appointed Greg O’Brien, previously head of the firm’s brokerage division, new CEO of the Americas, according to a release from JLL today. O’Brien helmed the Dallas-based

    Posted on January 20, 2014 by

    The site on Wallabout Street and Harrison Avenue Brooklyn’s newly appointed deputy borough president is pushing to have a Williamsburg industrial property declared part of an “Industrial Business Zone,” that would virtually bar developers from converting it into apartments. Diane

  • Posted on January 20, 2014 by

    Moody’s Investors Corp. gives a qualified thumbs up to three firms that bet heavy on growing their mortgage servicing rights portfolios, and says that despite the risks, the reward is great positioning. The post How 3 companies gambled on MSRs and won appeared first on Real Estate Investor

    Posted on January 20, 2014 by

    So far every earning report includes heaping more provisions of capital for bad investments made years ago, or even sooner, to cover legal cost and settlements. Is the going only getting tougher? The post 4 truths big banks wish they could avoid in 2014 appeared first on Real Estate Investor

    Posted on January 20, 2014 by

    UPDATED, 5:30 p.m., January 20: The Real Estate Board of New York’s annual gala logged its best turnout in years on January 16 and the crowd’s mood, often seen as a barometer for the health of the industry, was giddy, coming off a strong year for the residential and commercial markets. The

  • Posted on January 20, 2014 by

    N.J. Governor Christie and Lieutenant Governor Guadagno New Jersey’s lieutenant governor, Kim Guadagno, denied she withheld hurricane aid to Hoboken, N.J., to pressure Mayor Dawn Zimmer to approve a commercial redevelopment by a firm connected to her boss at a press conference in the Garden

    Posted on January 20, 2014 by

    The owners of the building housing Rizzoli Bookstore say they plan to demolish the six-story, 109-year-old building, as well as two small, adjoining buildings. The post Bookstore May Have to Flee the Wrecking Ball, Again appeared first on Real Estate Investor

    Posted on January 20, 2014 by

    Tweet REBNY Gala 2014 Photo Credit: Steve Friedman The Real Estate Board of New York (REBNY) rolled out the red carpet for the 118th Annual Banquet held at the New York Hilton on January 16. The exclusive event, touted as the industry’s most important networking event of the year, drew in many of

  • Posted on January 19, 2014 by

    The corner of Dyckman Street and Broadway in Inwood before and after the arrival of Starbucks  Just after Christmas, the first Starbucks in Manhattan’s Inwood neighborhood opened for business, a sign to many of gentrification to come. “When Starbucks comes, the likelihood of some more

    Posted on January 19, 2014 by

    It seems that the mainstream discussion about real estate investing has “broad brush strokes” painted on all forms of depressed housing (priced anywhere from 15k-45k), as if every neighborhood in the country has the same characteristics. Despite the fact that we say “real estate

    Posted on January 19, 2014 by

    Times Square Loathed by many New Yorkers first as seedy hotbed of crime and then as an over-the-top tourist attraction, newly built luxury condominiums have convinced some New Yorkers to give Times Square a chance.  From 2004 to 2011, the number of households in the extended Times Square area

  • Posted on January 19, 2014 by

    As the economy recovered last year, more international workers started calling the United States home. The post Guess who’s coming to America? appeared first on Real Estate Investor

    Posted on January 19, 2014 by

    A kid friendly apartment interior From Luxury Listings NYC: Tolstoy once wrote that “happy families are all alike; every unhappy family is unhappy in its own way.” If he had been writing 150 years later and in a different setting—namely, modern-day Manhattan rather than 19th-century rural

    Posted on January 19, 2014 by

    I’m a masochist.   Back in August our book keeper moved on to greener pastures and I figured it would be a great opportunity for me to take over his responsibilities: keeping records for 8 LLC’s and ~200 properties.  I wanted to learn the ins and outs of accounting and fix some

  • Posted on January 19, 2014 by

    New Jersey Governor Chris Christie and Rockefeller Group CEO Atsushi Nakajima  Two of New Jersey Governor Chris Christie’s top lieutenants are being accused of denying Hoboken hurricane aid over delayed redevelopment plans, by Hoboken mayor Dawn Zimmer. According to Zimmer, New Jersey

    Posted on January 19, 2014 by

    The MTA’s 126th Street bus depot (Credit: Angel Chevrestt)  The Metro Transit Authority will likely close an East Harlem facility, which sits atop a 17th-century African burial ground, after years of protest. Sources told the New York Post that the MTA’s 126th Street facility could close

    Posted on January 19, 2014 by

    In one of my previous articles I talked about how a good reputation gets me more deals. This last week I had a what appeared to be a very bad thing happen on one of my flips.  I had two choices that I could legally go with; ignore the problem or spend some money to make it right.  I chose to

  • Posted on January 19, 2014 by

    Did you know that we make it easy for people to find our members via our map? Well, when you get a chance, visit the map and make sure your image is showing up and you are looking good. Find your pin today. We are getting much feedback from the public or end-users as they like the convenience of

    Posted on January 18, 2014 by

    Pierre by Olson Kundig Architects  Seattle-based firm Olson Kundig Architects has unveiled a truly unique home built in accord with its natural surroundings: rocks. Dubbed the Pierre, the glassy, minimalist home is built into the rocks of a San Juan island. Featuring a grassy roof, the

    Posted on January 18, 2014 by

    A rendering of One57 From Luxury Listings NYC: To kick off 2014, Luxury Listings deep-dived into the best of New York City real estate to come up with the tops in buildings, views (city and water views), fitness centers, residential gadgetry, architecture and much more. These are properties and

  • Posted on January 18, 2014 by

    When you are hunting for a new apartment, there are so many things you need to consider. However, sometimes you have a good problem on your hands, when you can’t decide between a few units. It’s simple to narrow down the list of residences during your apartment search. Here’s how

  • Posted on January 17, 2014 by

    When the City of Philadelphia passed an ordinance this week, they became the largest city in the US to create a municipal land bank. They certainly wont be the last.  As new techniques are sought to tackle the nationwide problems of unused, foreclosed and abandoned property, chances are a

  • Posted on January 17, 2014 by

    Rendering of 100 Barrow Street West Village church St. Luke in the Fields will develop a 15-story residential building to fund its own new buildings. The church plans to construct a 70,000-square-foot residential rental building at 100 Barrow Street, part of an entire block St. Luke owns. The

    Posted on January 17, 2014 by

    From left: Savanna’s Christopher Schlank and 141 Willoughby Street Savanna Partners has snapped up a potentially lucrative Brooklyn lot, just across from City Point, the controversial Downtown Brooklyn mixed-use megadevelopment. Savanna has purchased 141 Willoughby Street, across the street

  • Posted on January 17, 2014 by

    From left: rendering and current 7 Harrison Street Twelve homes in the converted landmark 7 Harrison Street, in Tribeca, will come to market this spring. Prices start at $5 million and the penthouse is asking $25 million. The complex consists of 12 condominiums along with one townhouse, on the

    Posted on January 17, 2014 by

    Take advantage of the long weekend to get caught up on some reading you don’t have time for during the business week. It’s good, hot and ready to eat. The post 6 things you should read right now appeared first on Real Estate Investor

    Posted on January 17, 2014 by

    From left: Jewish Home Lifecare Center at 120 West 106th Street, a rendering of the new campus, Joseph Chetrit Community Board 7 on the Upper West Side has approved a zoning change that will prevent development out of character with the area. The current zoning change, if approved by the New York

  • Posted on January 17, 2014 by

    Pite Duncan promoted Christopher Peterson to partner. Peterson joined Pite Duncan in 2009 and has been working as a senior associate attorney in the firm’s litigation group. The post Pite Duncan names new partner appeared first on Real Estate Investor

    Posted on January 17, 2014 by

    96 Wythe Avenue rendering (Credit: HWKN) A new hotel planned for Williamsburg’s Wythe Avenue may wear its insides on the outside. Adventurous architects HWKN have released renderings for a new hotel planned for 96 Wythe Avenue, between North 12th and north 11th streets. Made of brick, the

  • Posted on January 17, 2014 by

    The attraction of buying houses at online auctions will only grow and, more and more, people are looking to cash in on the opportunity. Here are some tips for developing a robust strategy. The post 5 secrets to winning online property auctions appeared first on Real Estate Investor

    Posted on January 16, 2014 by

    Jones Lang LaSalle (NYSE: JLL) has appointed Greg O’Brien as Chief Executive Officer, Americas. He will report directly to Colin Dyer, President and CEO of JLL. In his new role, O’Brien will take over responsibility for all the Americas business. Succeeding O’Brien as the head

  • Posted on January 16, 2014 by

    NEW YORK — The real estate industry can throw up so many roadblocks to access its data that it can be enticing for those who want it to acquire it illegally. That’s according to panelists at today’s Real Estate Connect … The post Real estate data licensing roadblocks entice

    Posted on January 16, 2014 by

    By Alex Girda, Associate Editor For Salt Lake City, 2014 promises to be a strong year in both the commercial and residential real estate sectors. Should that success arrive, it will build on the solid foundation established last year. According to the Salt Lake Tribune, Utah enjoyed its best

    Posted on January 16, 2014 by

    HomeAway has trekked into the big leagues of travel booking by betting that an investor’s waterfront villa, a retiree’s ski condo or a family’s spare summer house can trump a hotel as a great place to stay. A vacation rentals marketplace, HomeAway (AWAY) is now the fifth largest

  • Posted on January 16, 2014 by

    NEW YORK — The relationship between brokers and major third-party listing portals can sometimes be contentious. But what if brokers partnered with the portals, carving out their own branded, virtual offices on Zillow’s or Trulia’s website? Eric Bryn, former Baird … The post

    Posted on January 16, 2014 by

    Foreclosures are way down from their peak; prices are up from their trough. And institutional investors waving lots of cash have been horning in on the competition for the ever-slimming crop of pickings. For individual investors who may not have joined the first waves of bargain hunters after the

    Posted on January 16, 2014 by

    U.S. mortgage rates fell after a weaker-than-expected jobs report drove investors to the safety of the government bonds that guide borrowing costs. The average rate for a 30-year fixed mortgage was 4.41% this week, down from 4.51% and the lowest since November, according to a statement today from

  • Posted on January 16, 2014 by

    U.S. homebuilders lost a little confidence in the housing market this month but remain generally upbeat ahead of the spring home-selling next season. The National Association of Home Builders/Wells Fargo (WFC) builder sentiment index released Thursday dipped to 56. That’s down from

    Posted on January 16, 2014 by

    The number of U.S. homes that got started on the path to foreclosure fell last year to a low not seen since before the high-flying days of the housing boom, the latest evidence that the threat of foreclosures continues to diminish. Lenders also took back the fewest number of homes last year since

    Posted on January 16, 2014 by

    Keith Meister, the founder of the activist hedge fund Corvex, pledged to continue his campaign to replace the existing slate of directors at the real estate investment

  • Posted on January 16, 2014 by

    Citing 33 stores as “underperforming”, retailer JCPenney announced the closure of nearly three dozen stores and the elimination of 2,000 jobs late on Wednesday. The wave of closures hits 21 states with Wisconsin the hardest hit, and is intended to produce $65 million in savings for the

    Posted on January 15, 2014 by

    The latest CoStar Commercial Repeat Sale Indices (CCRSI) found that pricing continued on a steady upward trajectory for all types of commercial property in November 2013, boosted by the strong take-up of available space by tenants. The two broadest measures of aggregate pricing for commercial

    Posted on January 15, 2014 by

    Fannie Mae has purchased mortgage servicing rights on about 64,000 of its own loans from Citigroup (C), as the nation’s 3rd largest lender looks to shed future liabilities tied to its servicing practices. The post Citi sells Fannie Mae MSRs … to Fannie Mae appeared first on Real Estate

  • Posted on January 15, 2014 by

    The much-anticipated Katy-area Costco Wholesale store will open in a matter of weeks. The store’s manager told Community Impact Newspaper that the 152,000-square-foot location is expected to open Feb. 6, preceded by a party from 6 to 8 p.m. on Feb. 5. The party is open to the public — even if

    Posted on January 15, 2014 by

    One of Pierce County’s largest apartment properties, The Village at Seeley Lake, has been sold, commercial real state company Jones Lang LaSalle said Wednesday. Salt Lake City-based Bridge Investment Group Partners paid $45.75 million for the 522-unit property at 5719 95th St. S.W. in Lakewood.

  • Posted on January 15, 2014 by

    The average FICO score for mortgages closed in December was 727, down 11 points from the 2013 average and 21 points lower than the same time a year ago, mortgage industry software developer Ellie Mae reports. Back-end debt-to-income ratio (39 … The post Mortgage lenders continued to ease

    Posted on January 15, 2014 by

    NEW YORK — Joseph “Joe” Rand has what he says is one “golden rule” to profitability, at least when it comes to expenses: Pay as little as possible, only for what your agents really value, and pay for nothing else … The post The ‘golden rule’ for a profitable

  • Posted on January 15, 2014 by

    The real estate industry as a whole has been slow to embrace Twitter, but some national heavyweights are building some traction on the social media platform. Recently, Placester.com published a list of 100 Twitter accounts to follow — including some from some high-profile Austin Twitterites. Of

    Posted on January 15, 2014 by

    Roger Meier, former executive pastry chef for Honolulu Coffee Co., is opening up a grab-and-go lunch restaurant in Downtown Honolulu called The Baker and The Butcher on Feb. 17. The new lunch spot, which will feature locally sourced ingredients in sandwiches, salads and entrees, is taking over the

    Posted on January 15, 2014 by

    A new report provides some evidence that it may have become a little easier for some Americans to get a mortgage as the housing market improves and lenders grapple with a pullback in refinancing amid higher mortgage

  • Posted on January 15, 2014 by

    The U.K. capital’s fast-climbing skyline will see a 27-story residential tower added in the central neighborhood already home to Europe’s tallest building, the Shard. The post New Tower Planned for London Bridge Area appeared first on Real Estate Investor

    Posted on January 14, 2014 by

    So far, a listing site, landlord software provider and real estate brokerage have opened their doors to bitcoin. Is accepting the electronic cash just a gimmick? Or could it actually offer a lasting competitive advantage? Chris Toppino, co-founder of rental … The post But seriously, would

    Posted on January 14, 2014 by

    The Norwegian government has started a process to privatize state-owned of real estate company Entra Holding AS, with a 25 billion krone ($4.1 billion) property portfolio, a move that could lead to the biggest public listing in Norway since 2010. The post Norway to Privatize Real-Estate Firm Entra

  • Posted on January 14, 2014 by

    Europe is the most-targeted region in the world for international retail chains, and the influx of global brands has sparked concern about the direction of the Continent’s fashion hot spots. The post Chains Infiltrate Shopping Meccas appeared first on Real Estate Investor

    Posted on January 14, 2014 by

    Florida’s Belleview Biltmore Faces the End; Investment Group Flips Park City Ski Spot; Miami Beach’s Surf Club Adds Condos, Hotel The post Plots & Ploys appeared first on Real Estate Investor

    Posted on January 14, 2014 by

    A recent report argued that the sharp decline in REIT stock prices wasn’t so much the result of rising interest rates, but was due mainly to misperceptions by investors. The post Fall of REITs Puts Their Rhythms in Doubt appeared first on Real Estate Investor

  • Posted on January 14, 2014 by

    Time Warner is close to a deal to sell its Manhattan headquarters for $1.3 billion, after sovereign-wealth funds from Abu Dhabi and Singapore agreed to finance more than 80% of buyer Related Cos.’s bid. The post Time Warner Nears Deal to Sell Headquarters appeared first on Real Estate

  • Posted on January 14, 2014 by

    Mr. Marcus, is the chairman and chief executive of Alexandria Real Estate Equities, a publicly traded real estate investment trust. The post The 30-Minute Interview Joel S. Marcus: Joel S. Marcus appeared first on Real Estate Investor

    Posted on January 14, 2014 by

    Denver Mayor Michael Hancock has been appointed to the Federal Aviation Administration’s Management Advisory Council — the first time a mayor has been appointed to the council. He’ll serve a three-year term on the council, which advises the FAA on management, policy, spending and

    Posted on January 14, 2014 by

    Homes.com today launched a new responsive design website platform for real estate professionals, Homes Connect Fusion, that adapts content for viewing across desktops, laptops, tablets and smartphones. Fusion provides custom designed websites using responsive technology to showcase content and

  • Posted on January 14, 2014 by

    The Hanover Co. has started the demolition process at 3400 Montrose — which once housed Scott Gertner’s SkyBar — and plans to begin building an apartment tower late this summer. David Ott, development partner at Houston-based Hanover Co., said the building won’t be imploded, and the

    Posted on January 14, 2014 by

    “If you run a bank,” says Toronto-Dominion Bank CEO Ed Clark, “you should be worried” about the rapid price appreciation seen in all types of Canadian real estate. Toronto-Dominion Bank has had to say no to financing “a number of … The post Runup in Canadian real

  • Posted on January 14, 2014 by

    An $80 million high-rise hotel stamped with two Marriott brands is slated to break ground this spring within the historic Luhrs block in downtown Phoenix, the California developer told me this week. After some recession-induced delays, Irvine, Calif.-based Hansji Urban is moving forward with the

    Posted on January 14, 2014 by

    What a difference six weeks can make. The Overland Park Planning Commission on Tuesday voted 8-0 to recommend approval of a rezoning request for a proposed 93-acre mixed-used development, called City Place, at the southwest corner of College Boulevard and U.S. Highway 69. The commission also voted

    Posted on January 14, 2014 by

    Rabbi Yoshiyahu Pinto Rabbi Yoshiyahu Pinto, the real estate advisor accused of attempting to bribe an Israeli police officer, is leaving house arrest for Israel this weekend as part of the ongoing investigation. Pinto, the head of a New York-based nonprofit called Mosdot Shuva Israel and an

  • Posted on January 14, 2014 by

    Demand for Swiss property quickened again in the fourth quarter, but price gains for luxury homes are running out of steam. The post Swiss Property Prices Gain appeared first on Real Estate Investor

    Posted on January 14, 2014 by

    Longs Drugs plans to open its new 24,000-square-foot store on S. King Street, across from McKinley High School in Makiki, in June, which would be the Rhode Island-based drug store chain’s first new urban Honolulu location in several years. “After our Makiki store opens, we have several other

  • Posted on January 13, 2014 by

    Denver Christian Schools will consolidate its three campuses at a single location in Lakewood. The school, which has operated in Denver since 1916 and has 620 students, bought a 270,000-square-foot commercial building on 20.7 acres of land at 3898 S. Teller St., Lakewood, for $7.6 million. The

  • Posted on January 13, 2014 by

    EventBrite is going to light up the top two floors at 155 Fifth St. The company, which builds technology to promote and coordinate events, has signed a 100,000-square-foot lease with the University of the Pacific, which is just wrapping up a $107 million renovation of the building. Eventbrite will

    Posted on January 13, 2014 by

    Brad Kelley, the Tennessee billionaire and fourth largest private landowner in the United States, who recently purchased more than 3,000 acres of agricultural land on the island of Kauai, seems to have good intentions for the land, a senior vice president of Grove Farm Co., which formerly owned the

    Posted on January 13, 2014 by

    Toll Brothers Inc. has sold about a third of the condominiums it is constructing at a project called 410 at Society Hill. The developer is also seeing prices rise with each unit sold, underscoring buyer appetite for the units in that neighborhood. The Horsham developer is constructing 55 condos at

  • Posted on January 13, 2014 by

    Karen Nakamura, longtime CEO of the nonprofit Building Industry Association of Hawaii, plans to retire by the end of 2014, the association announced on Monday. Nakamura has been CEO since 1998, but her involvement dates back to 1968 when she became a member as a contractor herself; She was running

  • Posted on January 13, 2014 by

    Fitch reports that Fannie is improving its quality control. And with housing expected to continue to perform adequately, Fitch does not see Fannie Mae having any difficulties paying the private investors who take on this credit risk. The post Fannie Mae launches second risk-sharing transaction

    Posted on January 13, 2014 by

    West Coast condominium prices continue to rocket upward in December, with sale prices in San Francisco, Los Angeles and Seattle all rising at a double digit

  • Posted on January 13, 2014 by

    Hess Corp. believes its retail subsidiary is being overshadowed by the oil conglomerate’s refining operations and has decided to pursue a dual path to separate out is convenience store business; one through a potential spin off into a separate company, or two through the outright sale of the

    Posted on January 13, 2014 by

    Vancouver, British Columbia-based private equity firm Second City Capital Partners is seeking to form a new publicly held office REIT in the United States. If its initial public stock offering to raise $150 million is approved, the new City Office REIT would initially own six office complexes

    Posted on January 13, 2014 by

    In a surprise move given its relatively strong holiday shopping sales, Macy’s Inc. announced it will implement a series of focused cost reductions, including organizational changes, layoffs and store closures. The announcement came simultaneously with its announced sales results for the 2013

  • Posted on January 13, 2014 by

    In a transaction that reflects San Francisco’s standing as one of the world’s priciest real estate markets, Invesco Real Estate announced it purchased 101 Second St., a 26-story, 388,370-square-foot office tower in the city’s South Financial District. A subsidiary of the Hines

  • Posted on January 10, 2014 by

    The owners of the Tavern on the Summit plan to reopen the popular restaurant and bar in a new location. Bernie Smith, operating partner for the Tavern, said his group is optimistic about finding a new home for the establishment, which closed in late December after 15 years at The Summit. He said

    Posted on January 10, 2014 by

    Single-family home prices in Maui County rose 13 percent last year, while the median price of a condo in 2013 rose 5 percent, compared to 2012, according to statistics from the Realtors Association of Maui. The median price for a single family home was $530,000, which was a 13 percent increase from

  • Posted on January 10, 2014 by

    Apartment managers should not rush to cut rents, even if a flood of new apartments are expected and the construction cranes loom over their properties. If vacancies are still low, there still may be time to raise rents before competition for tenants force existing apartments to trim their rental

  • Posted on January 10, 2014 by

    Palo Alto, Calif.-based startup Infer is growing a business that uses predictive analytics to score leads for clients that include Box, Jive, New Relic, Tableau, Xactly and Zendesk. Infer evaluates “abstract and non-obvious signals” like employee count, revenue, geography and …

  • Posted on January 10, 2014 by

    Not provided as an endorsement - more like an interesting take on how to organize the work commercial real estate agents do – but I found this clip well put together in its linking of  listings, prospecting, targets and goals, territory definition, competition and all the rest.  I’m

    Posted on January 9, 2014 by

    Shorenstein Properties, a private real estate firm with offices in San Francisco and New York, has acquired 1-3 Center Plaza in Boston for $307 million from Blackstone Group’s Equity Office Properties Trust. The mixed-use property totaling 717,128 square feet across from City Hall, was part

    Posted on January 9, 2014 by

    Gary Keller, co-founder and chairman of Keller Williams Realty Inc., has been named one of the most powerful people in the world of real estate, according to a ranking called the Swanepoel Power 200. Six Keller Williams executives made the list, considering Austin is one of the country’s

  • Posted on January 9, 2014 by

    Two Austin-area master planned developments were ranked among the Top 50 best-selling communities in the country in 2013, according to the annual report by John Burns Real Estate Consulting. Crystal Falls in Leander was the 27th best-selling community in the U.S. with 305 homes sold, a 73 percent

    Posted on January 9, 2014 by

    On Jan. 1, Bob Costello, an agent with the Brokers Guild brokerage in Denver, launched his “420 Friendly Realty Broker” campaign to capitalize on Colorado’s new 2014 law that allows adults over the age of 21 to purchase recreational marijuana legally … The post Colorado

  • Posted on January 9, 2014 by

    Assets School in Honolulu said Thursday that it has purchased its existing 3.5-acre site in Moanalua for $1.4 million from the Navy to build a new campus. Honolulu-based Group 70 International has been put in charge to design the new campus for the K-12 independent school and Honolulu’s Nordic

    Posted on January 9, 2014 by

    A new high for the Veterans Affairs program as it enters its 70th year. The post Mortgages: A Big Year for V.A. Loans appeared first on Real Estate Investor

  • Posted on January 9, 2014 by

    What does the “quantified self” even mean? Have you ever kept a diary? This is probably the simplest way to think about what we mean when we talk about the quantified self. The term was originally coined back in 2007 … The post The quantified self: what it might mean for real

    Posted on January 9, 2014 by

    When HD Supply went public over the summer, the thinking was that its stock would get a lift from a recovering housing market. That has been true to a point, though the construction and industrial products supplier has run into more head winds than it likely banked on before its June initial public

    Posted on January 9, 2014 by

    General A Murky Real-Estate Market Comes into Focus, WSJ, Dec. 17, 2013 – Wherein FINRA proposes new reporting rules for “untraded” REITs. Chinese buyers develop a taste for US commercial property, Reuters, Dec. 20, 2013 – 2013 saw an over six-fold increase in Chinese

  • Posted on January 8, 2014 by

    The Hawaii agency in charge of overseeing the redevelopment of Kakaako on Wednesday approved another condominium project — 803 Waimanu St. — for Oahu’s so called Third City. The Hawaii Community Development Authority unanimously approved the scaled-down project that’s being developed by

    Posted on January 8, 2014 by

    With growing cash and investment at their disposal, China’s high-tech companies are beginning to have an impact on the nation’s skylines. The post Booming Tech Sector Redraws the Map appeared first on Real Estate Investor

  • Posted on January 8, 2014 by

    After 17 years of baking cheesecakes for wholesale and individual clients, Cake Envy owner and chef Amy Brookes has finally found the perfect place to open her retail cheesecake store. She is putting the finishing touches on the space at 1129 Bethel St., directly across from the Hawaii Theatre, in

    Posted on January 8, 2014 by

    Atlantis Adventures, which operates the Atlantis submarines and the Navatek dinner cruise ship, plans to build a $1.5 million warehouse and maintenance complex that will consist of a two-story structure made of stacked shipping containers at Honolulu Harbor’s Pier 27. The company is looking to

    Posted on January 8, 2014 by

    Illest, a retail company that specializes in clothing and accessories, is planning to open its first Hawaii store on Jan. 31 in Kakaako at 680 Ala Moana Blvd. The retail store will be located in between the yet-to-open Lanikai Juice and Highway Inn, in the same complex as Starbucks. A spokesperson

  • Posted on January 8, 2014 by

    Macy’s Inc. will shutter its store at Fiesta Mall in Mesa and lay off 98 employees there this spring as part of the chain’s nationwide purge of five locations and 2,500 jobs, according to a company statement today. For Macy’s, the move is expected to save $100 million annually. But for Fiesta

    Posted on January 8, 2014 by

    Asking lease rates for metro Denver office space jumped 7.5 percent in the fourth quarter of 2013 from a year ago, reaching a record level of $22.20 per square foot, according to the latest Marketview Report from CBRE Inc. That was just one piece of good news in a report filled with positive signs

    Posted on January 8, 2014 by

    Macky Sall, president of Senegal, and 227-235 East 44th Street A joint venture between the Republic of Senegal and investor Ron Yeffet of construction company GSR Concrete is looking to bring a 22-story mixed-use tower to a vacant site at 227 East 44th Street. Senegal, which owned the development

  • Posted on January 8, 2014 by

    Despite growing classroom violence, the Obama administration is strongly advising schools to relax classroom discipline, arguing “zero tolerance” policies discriminate vs. minority students. Attorney General Eric Holder and Education Secretary Arne Duncan Wednesday issued

  • Posted on January 7, 2014 by

    The Hawaii Group has renewed its 7,000-square-foot penthouse office space lease at the Topa Financial Center for another four years and will double its ground-floor office space to about 4,000-square-feet, The Hawaii Group President and CEO Matt Delaney told PBN. The Hawaii Group first expanded to

  • Posted on January 7, 2014 by

    Negotiations on the $142 million affordable housing deal that would sell Honolulu’s 12 leasehold public apartment complexes to a private group will continue until at least the end of March, city officials said Tuesday. The city of Honolulu and Honolulu Affordable Partners reached an agreement

    Posted on January 7, 2014 by

    Alberta Development Partners of Denver and an affiliate of Chicago-based Walton Street Capital LLC have closed on their purchase of a shopping mall on the Hawaiian island of Maui from Honolulu real estate company Alexander & Baldwin Inc. Located in Kahului, Maui, the 185,700-square-foot Maui

    Posted on January 7, 2014 by

    Real estate management company Hawaii First Inc. has taken over the operations of the Moana Pacific condominium, which has 1,397 units in twin oval glass towers on Kapiolani Boulevard in Kakaako, from the much larger Hawaiiana Management Co. Hawaii First began managing the building on Jan. 1, said

  • Posted on January 7, 2014 by

    Lennar Multifamily Investors LLC, the Jacksonville, Fla.-based wholly-owned subsidiary of Miami-based homebuilder Lennar Corp. (NYSE: LEN), has big plans for its foray into Dallas-Fort Worth. The apartment developer has nearly 1,500 luxury apartments on the books in Las Colinas, Lakewood and Park

    Posted on January 7, 2014 by

    A judge has ruled that a controversial New York University expansion project can’t move forward without state approval. State Supreme Court Judge Donna Mills in Manhattan ruled Tuesday that NYU needs… To view the full story, click the title link. The post Judge halts NYU’s

    Posted on January 7, 2014 by

    The luxury home market in Dallas-Fort Worth saw a dramatic jump in million dollar and higher home sales in 2013, with a 22 percent increase year-over-year, and the Texas Association of Realtors says they expect demand to continue to rise this year. Each of the top four metro markets in Texas saw

  • Posted on January 7, 2014 by

    Roy Stillman and the intersection of 86th Street and Lexington Avenue Stillman Development, the company behind the Schumacher condominiums at 36 Bleecker Street, is finalizing a complex deal for a corner development site that could see an immense new residential project come to the Upper East

    Posted on January 7, 2014 by

    KSL Capital Partners LLC of Denver has sold the Montelucia Resort & Spa near Phoenix to Omni Hotels & Resorts Inc., less than three years after the Denver private-equity firm bought the luxury resort following a foreclosure. It’s Dallas-based Omni’s sixth major resort

  • Posted on January 7, 2014 by

    My prediction for 2014 is short and sweet.  “More Federal stimulus ahead causing malinvestment in localized asset bubbles”.  I’ll say that again but in English this time: “People do stupid things with easy money and there is a lot of easy money floating around. So, when

    Posted on January 7, 2014 by

    From left: Richard Persichetti and 4 World Trade Center Asking rents for Class A office space in Midtown surpassed $80 per square foot for the first time in five years, according to the fourth quarter market report from commercial brokerage Cassidy Turley. And while the rental rates ticked up only

    Posted on January 7, 2014 by

    An affiliate of BBX Capital Corp. bought the Dan Catalfumo-developed PGA Professional & Design Center in Palm Beach Gardens at a discount of $24.4 million, or a whopping 81 percent, off its foreclosed mortgage. U.S. Bank, representing a commercial mortgage-backed securities (CMBS) trust,

  • Posted on January 6, 2014 by

    Dallas-Fort Worth apartment development and demand are on a hot streak, outperforming expectations by analysts. In the fourth quarter, North Texas developers built 3,074 new apartments, and although demand for apartments typically chills with the weather, the demand roughly kept pace with 2,739

    Posted on January 6, 2014 by

    From left: Joseph Sitt, the Empire State Building and Anthony Malkin Shareholders in the Empire State Building have filed yet another lawsuit against the fledgling Empire State Realty Trust, alleging that the Malkin family and executives of the real estate investment trust had their self-interest

    Posted on January 6, 2014 by

    Terramar Retail Centers recently purchased the Safeway-anchored Laulani Village Shopping Center, the biggest retail project development in Ewa Beach’s history, from Safeway subsidiary, Property Development Centers, for $99.5 million, the California-based developer told PBN. “This is a

  • Posted on January 6, 2014 by

    Hurst-based homebuilder Our Country Homes bought 21 custom home sites in The Settlement in Craig Ranch within the master-planned development. Terms of the deal were undisclosed. Craig Ranch has seen a strong interest in the development’s custom home lots, but the developer selected Our

    Posted on January 6, 2014 by

    A prominent Portland broker who has worked with some of the city’s best-known retailers has joined Urban Works Real Estate. Brian Greeley, most recently vice president of leasing for Vancouver-based C.E. John Company Inc., joined the Portland retail-only shop as a vice president. Urban Works has

    Posted on January 6, 2014 by

    Felton Properties had a straightforward vision when it bought a 100,000-square-foot office building near the Seattle headquarters of Starbucks Corp. in 2007. The so-called Cobalt Building was fully leased, to Starbucks and to Cobalt Group, a web design firm. If Cobalt moved out, the Portland-based

  • Posted on January 6, 2014 by

    Jerry Delakas had run the stand on Astor Place in the East Village for 26 years, but the city closed it in December because he never obtained the required license. The post On a Changing East Village Street, a Rare Constant Fights for His Job appeared first on Real Estate Investor

    Posted on January 6, 2014 by

    Only a few days into the New Year and already we’re hearing worries about a bubble in the recovering U.S. residential housing market. It seems that some analysts can’t go one year without an overhanging fear of catastrophe. While most cities are seeing continual, albeit slow growth in housing

  • Posted on January 6, 2014 by

    Many thousands of agents, managers and brokers use Facebook to great benefit  in their commercial real estate careers.  As with other social networking platforms, Facebook helps maintain the year-round business networking that professionals need.  The cost in dollars is zero to set up a

    Posted on January 5, 2014 by

    Travis County commissioners will vote to clear the way for a North Austin residential project by D.R. Horton Homes at its Jan. 7 meeting. The development, called the Walnut Creek Enclave, is a 103-home condominium project of detached units. The neighborhood is located north of U.S. Highway 290 and

    Posted on January 5, 2014 by

    Wisconsin International Academy wants to buy the 127-room Days Inn on West Blue Mound Road in Wauwatosa and convert it into a center for international students with housing and classes. Also this week, Siepmann Realty is working on two new subdivisions in Hartland with a combined 118 lots. The

  • Posted on January 5, 2014 by

    Housing in London  The U.K. housing market had its best year in 2013 since 2006, out performing market forecasts. Home values across the U.K. increased 1.4 percent in December, pushing 2013’s total gain to 8.4 percent, the biggest annual increase since 2006, according to a Nationwide Building

    Posted on January 5, 2014 by

    The Danang Beach Resort The Vietnamese city of Da Nang on the South China Sea has long been touted as Asia’s next up-and-coming luxury home market. Now, with high-end homes sales on the rise, the resort town may finally be on the map for well-heeled cosmopolitan homebuyers. The latest phase of

    Posted on January 5, 2014 by

    Governor Andrew Cuomo at the 2013 State of the State address  Governor Andrew Cuomo will propose a total of $116 million in new spending on affordable housing and jobs programs in his State of the State address the week. The proposal calls for $100 million in federal Hurricane Sandy recovery

  • Posted on January 5, 2014 by

    As a beginning real estate investor, and even now, I realize the WORST mistakes that I suffered through occurred because of emotion-based decisions. I’m an emotional temperament, which means I can get caught up in the fervor more so than most. However, as I learn from my previous mistakes

    Posted on January 5, 2014 by

    Nakheel CEO Sanjay Manchanda and Palm Island in Dubai  Nakheel, the Dubai developer behind the city’s iconic palm-shaped islands and whose credit problems were at the center of Dubai’s 2009 financial crisis, has announced that it will make an early debt repayment of 4 billion dirhams, or

    Posted on January 5, 2014 by

    Downtown Brooklyn  Brooklyn is facing a severe shortage of commercial space, forcing corporate giants and hip startups alike – think Chase, Verizon and MakerBot — to look elsewhere. “We’re in a crisis mode,” said Christopher Havens, a commercial real estate broker with

  • Posted on January 5, 2014 by

    A rendering of 432 Park, a new luxury development along Central Park  Don’t count on any relief from sky-high prices in Manhattan. Experts say that despite a median sale price for new luxury homes that jumped 72 percent — to $7.85 million — in the last year, prices are only going to grow.

  • Posted on January 4, 2014 by

    Housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the "boomerang

  • Posted on January 4, 2014 by

    Housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the "boomerang

  • Posted on January 3, 2014 by

    Urban Land Institute fellow Ed McMahon sits down with CPE during the Fall Meeting to talk about how the suburbs need to be reinvented to attract businesses and residents. Hint: What’s old is what’s new. The post Ed McMahon: Remaking the Suburbs appeared first on Real Estate Investor

    Posted on January 3, 2014 by

    The Hawaii Community Development Authority expects to make a decision on Wednesday regarding the scaled-down 803 Waimanu St. condominium project in Kakaako that’s being developed by California developer Franco Mola. The project by Mola’s MJF Development Corp. is made up of a 65-foot seven-story

    Posted on January 3, 2014 by

    The Department of Veterans Affairs has reduced its mortgage loan guaranty limit to $625,500 from $750,000 for veterans who want to buy a home in Honolulu in 2014, officials say. The new limit would have negative ramifications for home buyers who are on the verge of signing a contract, but now

  • Posted on January 3, 2014 by

    Manhattan real estate is hot, hot, hot. Sales in the last three months of 2013 rose 26.9 percent from the same period in 2012, New York Magazine reported, citing figures from Douglas Elliman. The average sales price of a home rose … The post Manhattan real estate’s got ‘extreme sales

    Posted on January 3, 2014 by

    Kamehameha Schools, the largest private landowner in Hawaii, plans to ask the state Land Use Commission next week to preserve nearly 200 acres in Hanalei on Kauai’s North Shore as important agricultural lands under a five-year-old Hawaii law that includes such benefits as tax credits, according

    Posted on January 3, 2014 by

    Theresa Sanders, a Fabius, N.Y., real estate agent accused of defrauding banks and homebuyers out of $1.1. million has refused a plea deal that would have sent her to prison for four to 14 years. That means the case could … The post New York agent charged with $1.1 million fraud may face

  • Posted on January 3, 2014 by

    While many in the real estate industry complain that the bar to enter the profession is too low, there’s no denying that attaining success in the industry is an uphill battle. Only 2 percent of Realtors earn more than $250,000 … The post Newbie agents face an uphill battle appeared

  • Posted on January 3, 2014 by

      As mentioned in these pages last year, recent SEC deregulation has cleared the way for commercial real estate investments to seek capital from individual investors with fewer requirements than before.  Add the internet to this new playing field and you get crowdsourcing of real estate

  • Posted on January 2, 2014 by

    It seemed to happen overnight: A Starbucks Coffee Co. sign went up above the retail space at the corner of Third and Lavaca Streets in the W Hotel Austin, and the latest coffee fix location will open in mid-January. Kelly Arnold, senior associate with Quick & Co. Commercial Realty Inc., told

    Posted on January 2, 2014 by

    The Waimanalo Health Center in Windward Oahu plans to build a new two-story $13 million health care facility and parking lot, which would replace and be an upgrade to its current facility. The plans were laid out in a draft environmental assessment by the state Department of Land and Natural

  • Posted on January 2, 2014 by

    It’s been 45 years since the Dallas North Tollway began paving the way for development, and in that time suburban office buildings have popped up along the thoroughfare — with more under construction. “It’s those road improvements that have allowed Legacy and other points of

  • Posted on January 2, 2014 by

    Fidelity National Financial (FNF) said Thursday after market close that it had completed its planned acquisition of mortgage tech and service provider Lender Processing Services (LPS). The post Fidelity completes acquisition of Lender Processing Services appeared first on Real Estate Investor

    Posted on January 2, 2014 by

    Tribeca and Hudson Yards in Manhattan and Sunnyside and Astoria in Queens are the top up-and-coming neighborhoods for the year ahead, according to broker Toni Haber of Douglas Elliman in an interview with PIX11. Looking ahead to 2014, Haber recommended that homeowners capitalize on low mortgage

    Posted on January 2, 2014 by

    Healthcare Trust of America Inc. has acquired Largo Medical Center office building as part of the $141 million purchase of a portfolio of eight medical office buildings in Florida. The 152,000-square-foot office building is on HCA’s Largo Medical Center campus, according to a written statement. A

  • Posted on January 2, 2014 by

    Chelsea Group Ltd. said that it recently completed an energy efficiency project at The Howard Hughes Corp.’s T.J. Maxx-anchored Ward Village Shops parking garage in Honolulu that cut energy usage at the structure by 93 percent. That means for every dollar spent before the retrofit, the same or

    Posted on January 2, 2014 by

    A mortgage fee eliminated elsewhere will remain in place in the tristate area and in Florida, states that process foreclosures via judicial systems. The post Mortgages: Paying for Foreclosure Delays appeared first on Real Estate Investor

    Posted on January 1, 2014 by

    A listener asks: As a 1031 Exchangor, When Should I Make Offers on Replacement Properties. “Ask Michael Bull” is a series of commercial real estate questions, posted every business day,… Please click on the link to read complete commentary. Thank you! The post As a 1031

  • Posted on January 1, 2014 by

    A caller asks: My property is not selling what should I do? “Ask Michael Bull” is a series of commercial real estate questions, posted every business day, answered by 30 year commercial… Please click on the link to read complete commentary. Thank you! The post My Property

    Posted on January 1, 2014 by

    By Alex Girda, Associate Editor As 2014 gets under way, Salt Lake City is gearing up for a good year. Multiple reports project continuing strength in the residential market, and the hospitality sector ended 2013 on a high note with the debut of Home2 Suites by Hilton Salt Lake City/South Jordan.

  • Posted on January 1, 2014 by

    In the year that just ended, China has consolidated its position as the No.1 global tourism source market in terms of both number of travels and money spent on international travel. There have at the same time been further profound changes in the framework of outbound travel from Mainland China

    Posted on January 1, 2014 by

    Direct mail marketing – nearly every real estate investor has used it, and every non-investor has come across some in his mailbox. It’s a dead art, right? It’s outdated, cliché, tacky, and definitely not efficient – or so says most of the real estate professionals in the

    Posted on January 1, 2014 by

    Recently, I was invited by my business coach—who runs the entrepreneur group I’m in—to go to a workshop on “LEAN” that was being hosted by the DVIRC (Delaware Valley Industrial Resource Center).  To be quite honest, I knew almost nothing about the DVIRC or LEAN for that matter. 

  • Posted on December 30, 2013 by

    InView Unmanned Aircraft for use in scientific, commercial and state applications. (Photo credit: Wikipedia) Potential commercial real estate applications for low-flying aerial vehicles abound: these include mapping, surveying, traffic measurements (vehicle and foot), hyperlocal weather reporting,

  • Posted on December 27, 2013 by

    ATLANTA - Homeownership was out of reach for Tishri Hyman, a single mother of two with a good job but less than stellar credit. But three years ago, she found the next best thing: a brand-new house, complete with a fireplace, that she could

  • Posted on December 26, 2013 by

    Corner Stores, the convenience store and gas station chain recently spun off from Valero Energy Corp., has plans to open three new locations in the Austin area in 2014 as part of a wider expansion. A spokeswoman for parent company CST Brands Inc. (NYSE: CST), which is based in San Antonio, said

    Posted on December 26, 2013 by

    Mortgage rates in the U.S. were little changed as lenders absorbed news that the Federal Reserve plans to taper bond purchases that have helped support the real estate market. The average interest rate for a 30-year fixed mortgage was 4.48% this week, up from 4.47%, according to a statement

  • Posted on December 26, 2013 by

    Smaller lenders, some of them quite new, have stepped in to grab market share from big banks. The post Mortgages: A Big Push From Small Lenders appeared first on Real Estate Investor

  • Posted on December 26, 2013 by

    By Joshua Ayers, Senior Editor Leechburg, Pa.—New Jersey-based Tryko Partners LLC, a private equity real estate group, has acquired an 86-unit affordable housing community in Leechburg, Pa., known as Sandalwood Apartments. Tryko purchased the property from American Housing Partners Inc., with

    Posted on December 26, 2013 by

    Atlanta & Dallas—Berkshire Income Realty Inc. has entered into agreements to purchase an apartment community in Atlanta and another in Dallas. The Atlanta property, Eon at Lindbergh, features 352 units. The Dallas property, Pavillion Townplace, is comprised of 236 units. The combined

    Posted on December 26, 2013 by

    By Keith Loria, Contributing Editor York County, S.C.—Crescent Communities is developing a 556-acre, master-planned community in York County, S.C., that is the company’s first new residential project in the Charlotte area in five years. “The location of this land on the Catawba River outside

  • Posted on December 26, 2013 by

    By Barbra Murray, Contributing Editor Carey Watermark Inc. has been quite acquisitive all year, and the lodging REIT wraps up 2013 with the purchase of the Renaissance Chicago Downtown Hotel. CWI picked up the 553-guestroom property from the Royal Bank of Scotland Group plc for $139 million,

    Posted on December 26, 2013 by

    By Dees Stribling, Contributing Editor The Census Bureau reported on Tuesday that nationwide sales of new single-family houses in November were at an annualized rate of 464,000 units. That’s 2.1 percent below the October rate of 474,000, but 16.6 percent above the November 2012 rate. Despite the

    Posted on December 26, 2013 by

    By Gail Kalinoski, Contributing Editor Courtyard by Marriott in Ewing, N.J. Blackstone Real Estate Advisors, L.P., has closed on a 15-property select-service hotel portfolio in seven East Coast and Mid-Atlantic states after securing $186 million in acquisition financing. At least 12 of the

  • Posted on December 26, 2013 by

    By Scott Baltic, Contributing Editor Construction has officially begun on Centro, a $90 million, 37-story, 352-unit residential condominium tower in Miami’s central business district, the partnership of developer Newgard Development Group, of Miami, and The Tilia Family of Cos., announced last

    Posted on December 25, 2013 by

    For the last five years or so the Federal reserve has been working hard to keep interest rates low (by printing money and calling it “stimulus”).  Last week, they announced they would taper their stimulus, which should cause a spike in interest rates.  As a fellow real estate

  • Posted on December 25, 2013 by

    November elections in Miami Beach raised many questions about the future of a billion-dollar renovation of city’s convention center. Earlier in 2013, the city hired a development team, South Beach ACE, to upgrade the convention center, build an 800-room hotel, develop some commercial space and

    Posted on December 24, 2013 by

    There's little to comfort the average buyer, Daniel Indiviglio of Reuters Breakingviews writes. Banks are likely to tighten lending standards once new rules come into place. And rising interest rates may drive down home loan volume.

    Posted on December 24, 2013 by

    The news release said the Consumer Financial Protection Bureau had ordered Ocwen Financial to pay $125 million in refunds to borrowers who entered foreclosure and write down $2 billion on the mortgages it services. But that's not the full

  • Posted on December 23, 2013 by

    Houston’s healthy job market and relatively affordable home prices have landed the city on a list of the best markets in which to buy a single-family home as a rental property. Dallas-based HomeVestors of America Inc. — the “We Buy Ugly Houses” company — and North Carolina-based Local

    Posted on December 23, 2013 by

    A media management company, GroupM, signed a lease occupy nine floors of what would be the the World Trade Center site’s third office tower. The post First Business Tenant Is Set for a Trade Center Building appeared first on Real Estate Investor

  • Posted on December 23, 2013 by

    Michael Wright, executive vice president of A&B Properties Inc., is leaving his position at the Honolulu-based real estate company at the end of the year to establish a consulting and investment practice that provides guidance to clients focused on Hawaii real estate, A&B Properties said

    Posted on December 23, 2013 by

    Jones Lang LaSalle Retail’s CEO, Greg Maloney expects that the retail market will continue to turn around despite store closings and consolidation given strengthening fundamentals. Please click on the link to read complete commentary. Thank you! The post U.S. – Four Forces that

  • Posted on December 23, 2013 by

    In terms of supply and demand, the U.S. office market will hit its sweet spot in 2014. A strengthening economic rebound, coupled with still-constrained construction, will result in increased absorption and higher rents, according to recent market reports. read more The post U.S. Will See Strong

    Posted on December 23, 2013 by

    From left: Scott Rechler and David Hamamoto Scott Rechler’s RXR Realty has scored a $340 million investment from NorthStar Realty Finance Corporation, giving the firm a cash infusion that will help carry out the planned spin-off of its asset management business into a publicly traded real

    Posted on December 23, 2013 by

    The 1800 Ninth Avenue Building in downtown Seattle sold Monday for nearly $150.4 million, public records show. That’s almost twice as much as the sales price two years ago of the office tower, which houses some offices of Amazon.com Inc. (NASDAQ: AMZN) The previous price was $76.5 million.

  • Posted on December 23, 2013 by

    Principal Real Estate Investors completed its acquisition of San Jose’s 225 West Santa Clara St., one of the city’s best office towers, the company said in a news release. The price was not disclosed, but sources said Principal paid seller Equity Office in the neighborhood of $385 to

  • Posted on December 21, 2013 by

    There are numerous ways I could tell you to use the holiday time to benefit your investing career. I could list out some number of specific things you could do, I could tell you to take advantage of other investors not being out shopping for properties or generating leads because they are

    Posted on December 21, 2013 by

    The apartment at 778 Park Avenue (Image c/o Streeteasy) and Roger Erickson (inset)  In March, a full-floor apartment at the Rosario Candela-designed 778 Park Avenue hit the market for the first time in nearly 70 years, asking $22.5 million. Now the estate of the late philanthropist Celeste

    Posted on December 21, 2013 by

    Although Kohl’s Corp. is not building a new campus in Menomonee Falls, the company spent $43.52 million on projects in the Milwaukee area in 2011 and 2012, plus $17.2 million to buy two buildings this month, The Business Journal has learned. Also this week, a Kenosha incentive plan for 150

  • Posted on December 21, 2013 by

    A new year is the perfect opportunity to reassess your business growth goals and recommit yourself to marketing practices that will help you achieve them. With that in mind, I want to give you a really useful piece of content you can reference throughout the year to improve your direct mail

  • Posted on December 21, 2013 by

    By Adriana Pop, Associate Editor An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu. According to the Pacific Business News, local investment firm BlackSand Capital and the mall’s owner, General Growth

    Posted on December 21, 2013 by

    By Adriana Pop, Associate Editor An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu. According to the Pacific Business News, local investment firm BlackSand Capital and the mall’s owner, General Growth

  • Posted on December 21, 2013 by

    By Amalia Otet, Associate Editor The Morgan Group Inc., a leader in high-end multifamily development, construction and property management, announced plans to add another amenity-rich residential complex to its Houston portfolio under the Pearl brand. Dubbed Pearl Woodlake, the new 376-unit luxury

    Posted on December 21, 2013 by

    By Amalia Otet, Associate Editor The Morgan Group Inc., a leader in high-end multifamily development, construction and property management, announced plans to add another amenity-rich residential complex to its Houston portfolio under the Pearl brand. Dubbed Pearl Woodlake, the new 376-unit luxury

    Posted on December 21, 2013 by

    By Gabriel Circiog, Associate Editor CBRE recently announced the sale of two office buildings located in Hopkins, Minn. The seller, Real Estate Capital Partners on behalf of IVG Institutional Funds GmbH, was represented by the CBRE Institutional Group in Minneapolis, led by Steven Buss, Tom Holtz,

  • Posted on December 21, 2013 by

    Dirk Aulabaugh, senior director with Green Street Advisors Consulting Practice, joined REIT.com for a video interview at REITWorld 2013: NAREIT’s Annual Convention for All Things REIT at the… Please click on the link to read complete commentary. Thank you! The post REITs Should

  • Posted on December 19, 2013 by

    The nation’s largest nonbank mortgage servicer, Ocwen, said on Thursday that it had agreed to pay $2.1 billion to settle accusations that it improperly handled the loans of homeowners.

    Posted on December 19, 2013 by

    Sales of previously owned homes fell 1.2% in November compared to one year ago, the first year-over-year drop in nearly 2½ years, the National Association of Realtors said on Thursday. Here are five reasons why sales have

    Posted on December 19, 2013 by

    Essex Property Trust, a residential real estate investment trust with a strong California presence, has agreed to acquire another West Coast residential REIT, BRE Properties, for $4.34

  • Posted on December 18, 2013 by

    The new international digital currency Bitcoin has found itself in the news quite a bit over the past couple of years. The novelty of Bitcoin’s story is attractive — a currency not beholden to any central bank nor any state is something that causes imaginations to run, and makes us

    Posted on December 18, 2013 by

    Lennar Corp. on Wednesday provided hope that the strongest home builders still can scratch out gains in an otherwise lackluster market, but it’s likely too early to declare that the new-home market’s recovery has emerged from its prolonged

  • Posted on December 18, 2013 by

    London is on top. The city’s West End had the most expensive office space in the world in the third quarter of 2013, according to a report released

    Posted on December 17, 2013 by

    How important is it to have a lawyer review a commercial lease This is part of a series of daily commercial real estate questions answered by Michael Bull, a thirty year commercial real estate… Please click on the link to read complete commentary. Thank you! The post Is it Important

    Posted on December 17, 2013 by

    Wall Street’s self-regulator is planning rule changes that would require nontraded real-estate investment trusts to improve disclosure on fees and to more quickly report on changes in the value of properties in their portfolios. The post A Murky Real-Estate Market Comes Into Focus appeared

  • Posted on December 17, 2013 by

    The ‘Dan Gilbert effect,’ the recent buying spree of commercial buildings in downtown Detroit by the billionaire founder of Quicken Loans, appears to be spreading. The post Billionaire’s Detroit Buying Spree Starts to Spread appeared first on Real Estate Investor

    Posted on December 17, 2013 by

    The University of Louisville Foundation approved two land deals Tuesday that would allow U of L to expand around its Belknap Campus and at its Nucleus Innovation Park downtown. The foundation’s board of directors approved a deal to pay $3.3 million to buy a property along South Floyd Street

    Posted on December 17, 2013 by

    After angry protesters said the community had not been consulted about a proposal to build condominiums on the property of Long Island College Hospital in Brooklyn, the State University of New York pulled the plan. The post SUNY Withdraws Development Plan for Troubled Brooklyn Hospital appeared

  • Posted on December 17, 2013 by

    KKR & Co. expects to finish raising a $1.5 billion real-estate fund this week, the latest sign that some large investors are regaining an appetite for riskier real estate. The post KKR Real-Estate Fund Hits $1.5 Billion Target appeared first on Real Estate Investor

    Posted on December 17, 2013 by

    Dayton, Ohio-based Prudential One Realtors will merge with Prudential Select Properties of Cleveland, forming a new company with about 370 agents also serving Cincinnati, Columbus and Toledo, the Dayton Daily News reports. Both companies were among the ranks of Prudential … The post Two

  • Posted on December 17, 2013 by

    The owner of a landmark office building called 677 Ala Moana in Honolulu has chosen the newly formed commercial real estate firm Standard Commercial LLC to handle leasing of the property. Standard Commercial is headed up by veteran Hawaii commercial real estate executives Linda Gee and Ian

    Posted on December 17, 2013 by

    Henry S. Miller Equity Partners, in conjunction with Humphreys & Partners Architects, has opened Parkside Towns in Richardson. The townhome property at the northeast area of Campbell and Coit roads is the equity firm’s latest multifamily development and sits near Lake Park Estates, which

  • Posted on December 17, 2013 by

    Happiest of holidays, Source readers! After you run out of boughs of holly, consider decking the halls with Commercial Real Estate News. General Here’s why now is a good time to enter commercial real estate, (CNBC MoneyControl.com, Dec. 11, 2013).  First of all, who knew they had CNBC

  • Posted on December 16, 2013 by

    PARIS-French company to spend $2.75 billion for Klepierre’s portfolio of 127 Euopean retail centers. The post Carrefour Buys Big in Europe appeared first on Real Estate Investor

    Posted on December 16, 2013 by

    Parmenter Realty Partners, the new owner of The Tower at Cityplace, has selected Cushman & Wakfield of Texas to lease the 1.3 million-square-foot office property near Uptown in Dallas. The firm’s Bill Brokaw, Matt Schendle and Cynthia Cowen will oversee the leasing of the Class A tower

  • Posted on December 16, 2013 by

    The U.S. economy is poised to continue its recovery, but modest gains will still be threatened by some of the same old dangers. From mistakes in U.S. fiscal or monetary policy to the danger of a sharp spike in oil prices and the continuing danger of a European Union-generated financial panic, the

    Posted on December 16, 2013 by

    The Hawaii developers who are planning to build seven ultra-luxury condominium towers with some 200 units on what is now a parking area of Ala Moana Center, said the project is expected to create more than 300 construction jobs. The eight-story buildings, which will be 100 feet tall and include

  • Posted on December 16, 2013 by

    Years of campaigning to deepen the harbor of the Port of Savannah could finally pay off in mid-2014. The $652 million Savannah Harbor Expansion Project (SHEP) needs to be completed by 2015, when the newly expanded Panama Canal will bring a new generation of supertankers that will begin to make

    Posted on December 16, 2013 by

    The Brave’s shocking announcement that they intend to abandon Turner Field and the Falcons’ plans to build a mammoth new stadium stem from some shared history with present day reverberations. The Braves cite as one reason for their move the lack of progress in revitalizing the community around

    Posted on December 16, 2013 by

    Fed tapering of asset purchases could come this week, with one analyst pulling the plug and expecting the FOMC to shock markets a little bit on Wednesday. The post S&P: Get ready for Fed tapering of asset purchases appeared first on Real Estate Investor

  • Posted on December 16, 2013 by

    Hamon Deltak Inc., which engineers and manufactures equipment that captures and reuses waste heat from industrial operations, plans to move its headquarters from a Minneapolis suburb to the Denver area. The company hasn’t picked a location in metro Denver yet, but is actively looking, said Kathy

    Posted on December 16, 2013 by

    FHA loan limits will fall in around 650 counties in the U.S. and Puerto Rico. The limits are pegged to local home prices, but several changes in how those limits are calculated explain some of the big

  • Posted on December 16, 2013 by

    MetLife Inc. and Norges Bank Investment Management (NBIM) formed a new joint venture to buy high quality office properties in major U.S. markets and announced their first acquisition: One Financial Center in Boston. The 46-story, five-star office building totaling 1.3 million square feet in the

    Posted on December 13, 2013 by

    The Panama Canal’s expansion project won’t be finished for nearly two years. But East Coast ports already are spending heavily to prepare for megacontainer ships from Asia bypassing West Coast stops. The canal, which opened in 1914, is undergoing a $5 billion revamp to let more and

    Posted on December 13, 2013 by

    A row of luxury condominium buildings could line the front of Hawaii’s largest shopping mall along Ala Moana Boulevard under a plan being developed by a Honolulu real estate investment firm and Ala Moana Center owner General Growth Properties Inc., multiple sources have told PBN. BlackSand

  • Posted on December 13, 2013 by

    Art.com Inc., an online art retailer, is growing in Emeryville to 72,000 square feet at its offices in 2100 Powell St. The company previously leased about 48,000 square feet on the 10th and 13th floor of the tower, owned by Hines Interests, and added 24,000 square feet on the 14th floor. “The

    Posted on December 13, 2013 by

    CPS Energy is considering relocation to a new headquarters facility, according to a notice emailed to employees Friday afternoon. The city-owned utility early next year will issue a request for proposals as it considers relocating from its downtown offices at 145 Navarro St., to a new headquarters,

    Posted on December 13, 2013 by

    Belleview Biltmore Partners LLC, a Miami group that in 2012 announced plans to buy and restore the Belleview Biltmore Hotel, said late Friday that it intends to enter new negotiations for the shuttered property. In a written statement, BBP said it plans to negotiate for the purchase and lease of

  • Posted on December 13, 2013 by

    By Balazs Szekely, Associate Editor An innovative residential project is taking shape in Fort Lauderdale’s Oakland Park area. Located at the corner of Prospect and Powerline Roads, 43 Urban Village offers an environmentally friendly, Live+Work lifestyle for future residents. As exclusive listing

    Posted on December 13, 2013 by

    Simon Property Group plans to spin off its strip center business and smaller enclosed malls into an independent, publicly traded real estate investment trust. Simon-owned Gulf View Square in Port Richey will be part of the REIT, called SpinCo for now, while Simon properties Tyrone Square in St.

  • Posted on December 13, 2013 by

    From left: Mort Zuckerman and the GM building, at 767 Fifth Avenue U.S. automaker General Motors no longer retains a single foot of office space in the Midtown trophy tower that bears its name, it seems. GM put three remaining floors at the pricey building, at 767 Fifth Avenue, on the market last

    Posted on December 13, 2013 by

    Consumers will be turning to credit unions more and more in 2014, a new survey of credit union members concluded. But they’re not necessarily going for more home mortgages. The post Credit unions brace for 2014 growth appeared first on Real Estate Investor

    Posted on December 13, 2013 by

    The Simon Property Group, the Indianapolis-based owner and operator of shopping malls, plans to spin off its strip centers and smaller enclosed malls into a real estate investment trust.

  • Posted on December 12, 2013 by

    After a decade in Downtown San Jose, P.F. Chang’s China Bistro Inc. is shutting its restaurant at 98 S. Second St. Manager Alicia Torres told me the last day of business would be January 26, but directed further questions to corporate spokespeople who did not return calls. A state layoff

    Posted on December 12, 2013 by

    Houston-based David Weekley Homes was named 2013 Builder of the Year by Professional Builder magazine. It’s the second time David Weekley Homes has received the honor, making it one of only two builders to be recognized twice in the contest’s 48 years. The company was first named Builder of the

    Posted on December 12, 2013 by

    The Sacramento Kings ownership would receive three downtown parcels under alterations to a term sheet the Sacramento City Council will review next Tuesday. In addition, the city would own the land underneath the proposed arena on the eastern end of Downtown Plaza. Changing ownership of the arena

  • Posted on December 12, 2013 by

    A Massachusetts-based lender recently foreclosed on a well-known vacant Downtown Honolulu building, popularly known as the “Pimple Building,” acquiring the building for $7 million, according to public records. The sale of the Queen Emma Building to Cottage Capital Partners likely scuttles a

  • Posted on December 12, 2013 by

    Mortgage giants Fannie Mae and Freddie Mac will temporarily suspend foreclosure-related evictions from Dec. 18 through Jan. 3, but the legal and administrative proceedings for evictions after that date will continue, the Chicago Tribune reported. The two-week moratorium applies to all … The

    Posted on December 12, 2013 by

    Laura Frerer-Schmidt Women’s Health publisher Laura Frerer-Schmidt converted a 6,000-square-foot former box-stamping warehouse in Dumbo into two luxury apartments. When she first saw the space in 2008, it had 14-foot-high ceilings and the remnants of a squatter who had tapped into the water main

    Posted on December 12, 2013 by

    From left: 1217 47th Street, Gabe Saffioti, Nicole Rabinowitsch and 1314 46th Street A portfolio of apartment buildings in Borough Park, Brooklyn has hit the market asking about $50 million, the brokers representing the seller told The Real Deal. Gabe Saffioti and Nicole Rabinowitsch of Eastern

  • Posted on December 12, 2013 by

    Shopping centers vs. e-tailing has been a big storyline for nearly fifteen years. Surely, displacement of retail by web-based shopping is a significant thing, but a recent study by BoA Merrill Lynch Global Research, published by Washington Post suggests that the high drama of the conflict may have

  • Posted on December 11, 2013 by

    The 624-unit Lakes of Bellevue apartment complex in the western Davidson County community has sold for $57 million. Harbor Group International LLC, of Norfolk, Va., announced on Wednesday that it had sold the 125-acre property at 100 Erin Lane to Lakes of Bellevue Holdings LLC, an affiliate of a

  • Posted on December 11, 2013 by

    A few weeks ago, I took my daughter to a sneak preview of Disney’s new animated feature film, “Frozen.” Over the last 12 months, she and I have discussed in excruciating detail the alternating merits of Ariel, Rapunzel, Merida and … The post Mind-blowing 3-D environments are online

    Posted on December 11, 2013 by

    In one of the biggest land sales of the year, One Seaport Square, a three-acre parcel in Boston’s Seaport District permitted for a pair of residential towers, has been sold to a joint venture led by Berkshire Group for $72 million. The sellers, John Hynes’ Boston Global Investors and Morgan

    Posted on December 11, 2013 by

    In the latest sign that the Blackstone Group is shedding major pieces of its local Equity Office portfolio, Manulife Financial Corp. has purchased Wellesley Office Park for $237 million. The campus is comprised of eight buildings totaling nearly 650,000 square feet on William Street, off Route 9

  • Posted on December 11, 2013 by

    (Phoenix – November 18, 2013) – Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of Melrose Place Apartments, a 13-unit multifamily community located in the sought after Arcadia neighborhood of Phoenix, Arizona for $750,000 / $57,692.31 per

    Posted on December 11, 2013 by

    At the beginning of this year, the Consumer Financial Protection Bureau issued a long-awaited “qualified mortgage” rule that required lenders in the broad single-family mortgage market to ensure borrowers had the ability to repay their loans. Today, the U.S. Department … The post

    Posted on December 11, 2013 by

    Multistate real estate showing appointment service eShowings Inc. has shut down, just days after the incarceration of its founder and former CEO, Charles Smith. The move leaves an estimated 14,000 clients in the lurch and the firm’s 85 or so … The post EShowings shuts down after

  • Posted on December 11, 2013 by

    Hilton Worldwide priced its eagerly awaited initial public offering at $20 a share as the company prepares for a return to the public markets, a person briefed on the matter said on Wednesday.

    Posted on December 11, 2013 by

    It’s time once again for the Commercial Real Estate News Roundup.  As we head into the holiday season, we find helpful news on 1031 exchanges in, of all places, Huffington Post, how nonprofits are cashing in on desirable office addresses, the big boom in big box retail, and a question