Property, Rentals, Transactions

BH Properties Acquires Retail Center in Northern Nevada for $6 Million

SPARKS, Nev./LOS ANGELES – October 24, 2014 – (RealEstateRama) — BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased Los Altos Crossing, a retail center located at Sparks Boulevard and Los Altos Parkway in Sparks, Nevada, for $6 million.

Hanley Investment Group Negotiates the Sale of 128,000 SF of Retail for $29 Million in Los Angeles County

IRVINE, CALIF. – October 22, 2014 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the United States and a market leader in the sale of retail properties, announced today that that the company negotiated the sale of more than 128,000 square feet of retail space in Los Angeles County, Calif., totaling nearly $29 million, with the sale of Sierra Commons in Palmdale and Pacific Plaza in Torrance.

KTGY Receives Firm Mentorship Award from AIA California Council

IRVINE, CALIF. – October 22, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that it was recently awarded the 2014 Academy for Emerging Professionals (AEP) Firm Mentorship Award by the American Institute of Architects California Council (AIACC). The award is the highest recognition given by the AIACC AEP to a firm that has made an extraordinary effort to mentor emerging professionals through the implementation of specific programs.

Existing-Home Sales Rebound in September

WASHINGTON (October 21, 2014) –- October 21, 2014 – (RealEstateRama) — After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the

Realtors® Say QRM Rule Will Provide Clarity in Housing Finance Market, Benefit Consumers

WASHINGTON – October 21, 2014 – (RealEstateRama) — The following is a statement by National Association of Realtors® President Steve Brown:

CBRE ARRANGES $39M LOAN FOR PURCHASE OF TAMPA OFFICE COMMUNITY

Tampa, FL – October 21, 2014 – (RealEstateRama) — CBRE Debt & Structured Finance originated a $39.5 million loan on behalf of IP Capital Partners of Boca Raton, FL and Fir Tree Partners of New York, to finance the acquisition of the Sabal Park Portfolio, a 518,338-square-foot complex of nine office buildings located in Tampa’s I-75 corridor. BankUnited of Tampa provided the five-year loan, which is fixed with partial interest only, at a 65 percent loan-to-value ratio.

Hollywood’s Wilcox Gateway Properties SOLD for $4.4M

LOS ANGELES, CA – October 21, 2014 – (RealEstateRama) — NAI Capital’s Tim Steuernol and Rob Zaharia with the West L.A. office represented the seller, Wilcox Gateway Partners LLC, and the buyer, NHVA1-XVlll, in the sale and purchase of the Wilcox Gateway Properties which consists of 24 units on four parcels of land located at 1812 -1830 Wilcox Ave in Los Angeles, CA. The value of the sales transaction was $4.4 Million.

11th Annual CT REIA New England Real Estate Expo

WASHINGTON, D.C. – October 21, 2014 – (RealEstateRama) — Seasoned & New Real Estate Investors: You’re cordially invited – and strongly urged – to Register for this year’s Expo! We’ve called in a posse of seven extraordinary Real Estate Experts to converge in one place with their most jealously-guarded SECRETS in tow, to craft your individual ‘master plan’ for the monumental..

Delta Associates Awards for Excellence Recognize KTGY Multifamily Communities

TYSONS, VA – October 17, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning announces that two rental communities, Cornerstone at Monroe Street Market in Washington, DC, and Paragon at Columbia Overlook in Elkridge, MD, were honored by Delta Associates at the firm’s 18th Annual Washington/Baltimore Multifamily Market Overview & Awards for Excellence program. Cornerstone won the Best Washington Mid-Rise Apartment Community and Paragon won the Best Lease-Up Pace for a Baltimore Apartment Community. The event was held on October 3, 2014, at The Mayflower Hotel in Washington, D.C.

KTGY Wins GALA Design & Architecture Grand Awards in Washington, DC Metro Area

TYSONS, VA – October 17, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, has earned top honors in the Great American Living Awards (GALA), the most prestigious residential design, sales and marketing competition in the metropolitan Washington, DC market for more than 50 years. The awards, which are presented by the Maryland-National Capital Building Industry Association, the Northern Virginia Building Industry Association and the Washington Metropolitan Sales and Marketing Council, recognized KTGY’s wide range of capabilities, excellence and innovation in the design of attached, detached single-family and multifamily residential communities.

Nationwide Housing Starts Top 1 Million for Third Time this Year

WASHINGTON, D.C. – October 17, 2014 – (RealEstateRama) — For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units

AIA Selects Recipients of Intern Development Program Firm Awards

WASHINGTON, D.C. – October 17, 2014 – (RealEstateRama) — The Internship Advisory Committee (IAC) has selected eight architecture firms as recipients of the 2014-2017 Intern Development Program (IDP) Outstanding Firm Award. The firms have not only satisfied the requirements for recognition with the IDP Firm Award, but have demonstrated a deep commitment to the program by going above and beyond the baseline criteria and demonstrating innovation in their commitment to the IDP

Connect with the Development ’14 Mobile App

WASHINGTON, D.C. – October 17, 2014 – (RealEstateRama) — Being connected matters. Download the mobile app for Development ’14 and get the most out of your conference experience.

CBRE CLOSES $4.7 MILLION SALE OF CORPORATE HEADQUARTERS

Miami, FL v CBRE arranged the sale of a 54,985-square-foot, three-story corporate headquarters in Miami’s Airport West submarket. Kingsway Amigo Insurance Company’s former South Florida headquarters at 3155 NW 77th Avenue was acquired for $4.7 million by local user. CBRE represented the seller in the transaction. Robert Eckstein from NAI Miami represented the buyer

September Home Sales Higher Than 2013

WASHINGTON, D.C. – October 17, 2014 – (RealEstateRama) — The following is an excerpt from the monthly RE/MAX National Housing Report (full report attached). For more information, contact Shaun White at (303) 796-3405.

Selling Luxury Housing: The Royal Road To A Real Estate Fortune

WASHINGTON, D.C. – October 17, 2014 – (RealEstateRama) — Investing in luxury real estate is all about thinking big when it comes to this form of wealth-building. As an investor in luxury real estate, you can enjoy your property as a landlord, resident, seasonal visitor, or builder

CBRE Global Investors Fund Acquires 11-Building Miami Office Park

LOS ANGELES – October 16, 2014 – (RealEstateRama) — A fund sponsored by CBRE Global Investors has acquired Airport Corporate Center, a 45-acre, 11-building office park adjacent to the Miami Airport. The property, which is 78.6 percent leased, includes over one million square feet of rentable space

Kennedy Wilson Hires Two in Austin Office

WASHINGTON, D.C. – October 16, 2014 – (RealEstateRama) — International real estate investment and services firm Kennedy Wilson has announced the hire of Victor Russo, CCIM, CPM®, and Su Kosub, CCIM, to the firm’s Properties Group in Austin, Texas. Russo has been appointed as the regional director of acquisitions and investment sales, and Kosub as senior director of investment sales and leasing. With these hires, Kennedy Wilson continues its momentum from the additions to the firm’s San Antonio office earlier this year to further expand its presence in Texas

Coldwell Banker Select Real Estate opens largest residential office in Northern Nevada

RENO, NV. – October 15, 2014 – (RealEstateRama) — Coldwell Banker Select Real Estate, the premier real estate services company in Northern Nevada, continues its growth in the Reno-Sparks metro area with the recent opening of the largest Coldwell Banker office in the area

RE/MAX Magazine Wins 2 Industry Awards

DENVER – October 15, 2014 – (RealEstateRama) — ABOVE, the RE/MAX network magazine, has been recognized by two prominent organizations for its creative custom content and superior writing. The quarterly publication highlights the accomplishments and civic contributions of successful RE/MAX Affiliates