News
Property, Rentals, Transactions

Pending Home Sales Slow in October but Remain Higher Than a Year Ago

WASHINGTON, D.C. – November 26, 2014 – (RealEstateRama) — Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the

CRE Industry Turns to Congress to Move Meaningful Legislation Forward

WASHINGTON, D.C. – November 26, 2014 – (RealEstateRama) — Commercial real estate is looking at the GOP’s majority in the House and Senate, and the 2016 presidential election, as signs that legislation on energy, tax code and infrastructure will make their way into law during the next two years. NAIOP President and CEO Thomas Bisacquino was interviewed for a piece, “Dawn of a New Age?” in the December 2014 issue of Commercial Property Executive

Why November Is The Best Month To Sell Your Home

WASHINGTON, D.C. – November 25, 2014 – (RealEstateRama) — Some owners hesitate to market their homes between Halloween and New Year’s Day, believing the holiday season to be an off-peak time to sell. But the idea that houses don’t sell in November and December comes from outdated historical trends

Pace of Demand Slows Slightly, but Positive Outlook for Architecture Billings Index Continues

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — Headed by the continued strength in the multi-family residential market and the emerging growth for institutional projects, demand for design services continues to be healthy as exhibited in the latest Architecture Billings Index (ABI). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI score was 53.7, down from a mark of 55.2 in September. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.7, following a mark of 64.8 the previous month

Commercial Real Estate Demand is Holding Steady Despite Overseas Concerns

WASHINGTON – November 24, 2014 – (RealEstateRama) — Despite a slowing global economy, forward economic momentum in the U.S. should keep commercial real estate activity on firmer footing, according to the National Association of Realtor

Changes in Healthcare Policies and Preferences Drive New Opportunities in Commercial Real Estate

Chicago – November 20, 2014 – (RealEstateRama) — Not long ago, hospital emergency rooms were clogged with people seeking treatment for everything from broken bones to sore throats. The solution, it turns out, is not to build more and larger hospital emergency rooms, according to a panel of healthcare executives who addressed The Counselors of Real Estate® professional association’s annual convention in Boston. Leaders of the evolving healthcare system are working to find different, more convenient ways – and places — to treat illness and injury. These new medical goals, policies and delivery options are creating better patient care — and opportunities in real estate

Existing-Home Sales Rise in October, First Year-Over-Year Increase since October 2013

WASHINGTON, D.C. – November 20, 2014 – (RealEstateRama) — Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors®.

REach® Technology Accelerator Now Accepting Applications for 2015

CHICAGO – November 19, 2014 – (RealEstateRama) — Second Century Ventures, the strategic investment fund of the National Association of Realtors® , announced today that it is accepting applications for its 2015 REach® Accelerator program, now through January 30th, 2015. The nine-month program provides a unique opportunity for technology companies to get intense exposure into real estate, a market that represents more than $1 trillion in revenue, consists of more than 100,000 small- and medium-sized businesses and generates more than $12.5 billion in advertising spend in the U.S. each year

New REALTOR Benefits® Partner Provides Exclusive Member Pricing and Features on Customizable Websites

WASHINGTON – November 19, 2014 – (RealEstateRama) — Technology has transformed the way real estate professionals do business, and establishing an online presence is essential to connecting with and marketing to potential clients. To help members build and maintain their online identity, the National Association of Realtors® welcomes Placester, one of the largest providers of real estate websites in the world, to the REALTOR Benefits® Program. Through this strategic partnership, Placester is offering exclusive pricing and features on websites to NAR members as well as access to marketing programs and strategies to assist in revenue growth and lead generation.

Single-Family Starts Up 4.2 Percent While Overall Production Drops Slightly in October

WASHINGTON, D.C. – November 19, 2014 – (RealEstateRama) — Single-family housing production in October reached its highest level since November 2013 while the more volatile multifamily sector brought combined nationwide starts activity down 2.8 percent to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau

Audit Shows FHA Fund is Healthy, Time to Lower Mortgage Insurance Premiums, Say Realtors®

WASHINGTON – November 18, 2014 – (RealEstateRama) — The following is a statement by National Association of Realtors® President Chris Polychron:

ABC Asks EPA to Withdraw its “Waters of the U.S.” Proposal

Washington, D.C. – November 18, 2014 – (RealEstateRama) — Associated Builders and Contractors (ABC) and more than 50 ABC chapters this week filed comments to voice deep concern over the U.S. Environmental Protection Agency’s (EPA) and the U.S. Army Corps of Engineers’ proposed “Waters of the U.S.” rule. ABC also filed additional comments with a group of 374 trade associations led by the U.S. Chamber of Commerce and as a member of the Waters Advocacy Coalition (WAC).

Big Data Will Play an Important Role in the Future of Real Estate and for Realtors®

WASHINGTON, D.C. – November 17, 2014 – (RealEstateRama) — Advances in mobile technology have the potential to radically change the ways consumers search for real estate online, according to a session at the 2014 REALTORS® Conference & Expo that peered into what can happen in the future regarding big data and real estate

The American Institute of Architects Releases Eight New Contract Documents

Washington, D.C. – November 11, 2014 – (RealEstateRama) — The American Institute of Architects (AIA) today announced the addition of eight new documents to the AIA Contract Documents® portfolio. Six of these new documents belong to the Conventional (A201) family; the remaining two documents belong to the Construction Manager as Constructor (CMc) family and the Program Manager family, respectively.

CBRE ARRANGES SALE-LEASEBACK OF MIAMI INDUSTRIAL ASSET

Bulk distribution facility in Gratigny Industrial Park sold for $10.1 million Miami, FL – November 10, 2014 – (RealEstateRama) — CBRE arranged the sale of a 184,210-square-foot bulk storage distribution facility in Miami, FL to Gramercy Property Trust, a publicly traded REIT based out of New York. The asset at 3350-3450 NW 112th Street in [...]

Realtors® Embrace Changes in Real Estate Industry, Lead Way in Online Innovation

NEW ORLEANS – November 7, 2014 – (RealEstateRama) — Shifting political dynamics and emerging technologies will have a significant impact on the business of real estate over the next 12 months and Realtors® are ready for the changes, said 2015 National Association of Realtors® President Chris Polychron at a news conference today during the 2014 Realtors® Conference & Expo.

With Markets Back in Full Swing, REALTORS® Reflect on Past and Future of Real Estate

NEW ORLEANS – November 7, 2014 – (RealEstateRama) — The housing market has rebounded dramatically from the weak prices and record low sales activity seen in 2010, which was the last time Realtors® were in New Orleans for the REALTORS® Conference & Expo, here through November 10.

Realtors® Help New Orleans Native Own A Home

NEW ORLEANS – November 6, 2014 – (RealEstateRama) — Though she has lived her entire life in the area, Quenetria Harris has never had the chance to own her own home. Today she and her three-year-old son Ja’kyi are one step closer to that goal, thanks to her hard work and some help from the National Association of Realtors® and New Orleans Area Habitat for Humanity.

Home-Price Gains Hold Steady in Majority of Metro Areas in Third Quarter

NEW ORLEANS – November 6, 2014 – (RealEstateRama) — Home prices showed continued growth in a majority of metropolitan areas in the third quarter, but all four major regions saw increases at or below 5 percent from a year ago, according to the latest quarterly report by the National Association of Realtors

Apartment Building in San Diego’s Golden Hill Area Sells for $2.6 Million/ 200k/unit

SAN DIEGO, CA – November 6, 2014 – (RealEstateRama) — Kevin Kawaoka, CCIM & Mario Gandara with NAI Capital’s Bluechip Investment Group represented a private investor in the purchase of a 13 unit multifamily property located at 2329 C Street in the Golden Hill area of San Diego, CA. The value of the sales transaction was $2.6 million dollars. The property traded at a 4.6% cap rate and $224 per square foot.