Property, Rentals, Transactions

TIAA-CREF Completes Acquisition of Remaining Stake in TIAA Henderson Real Estate

TIAA-CREF, a leading financial services provider, today announced that it has successfully completed its acquisition of the remaining ownership interest in TIAA Henderson Real Estate (“TH Real Estate”) from its joint venture partner, Henderson Global Investors (“Henderson”) for 80 million pounds sterling.

USDA Celebrates National Homeownership Month

Agriculture Secretary Tom Vilsack today kicked off National Homeownership Month by highlighting USDA's ongoing role to help residents of America's small towns and cities purchase homes in rural areas

Arbor Named Top Fannie Mae DUS® Small Loan Lender

Arbor Commercial Funding, LLC (“Arbor”), a wholly owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, today announced it was named Fannie Mae’s Top Small Loan Lender for its 2014 production. The company attributes its achievement of the top designation to its long-standing small loan expertise, uniquely personalized customer service for both small and large loan borrowers and certainty of execution. The award was recently bestowed upon Arbor at the 2015 Fannie Mae Delegated Underwriting and Servicing (DUS) Annual Meeting in Washington, DC

POWERSTONE EARNS PRESTIGIOUS ACMF® CERTIFICATION

PowerStone Property Management Inc. a full service Orange County, California based property management firm, today announced that the firms has been certified by the CACM (California Association of Community Managers) as an accredited ACMF® property management company. The credential requires a very specific set of standards and practices be adhered to and reinforces PowerStone’s commitment to continue to provide the highest level of client satisfaction for its HOA’s. According to CACM President David Zepponi

Just Closed – Bend Memorial Clinic Medical Building

The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Bend Memorial Clinic Medical Building in Bend, Oregon. Chris Bodnar and Lee Asher of the U.S. Healthcare Capital Markets Group teamed with Paul Carr, Steven Perovich, and Marcus Yamamoto in the Northwest market as the Seller’s exclusive advisor

CLIENT SEEKING LEASEHOLD PROPERTIES

The Boulder Group is representing a repeat client looking to acquire multiple leasehold properties entailing the following acquisition criteria

Protecting Your Most Valuable Asset: Your Home

Your house is among the most important investments in your life. It’s where your children will be raised, where you will grow old, and where your grandchildren will play. You researched schools and neighborhoods to choose the house you will eventually call home. It’s most likely the largest financial commitment (investment) you’ve ever made, but when misfortune strikes your home is more vulnerable than any other asset

Pending Home Sales Climb in April to Highest Level since May 2006

Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April.

The Boulder Group Arranges Sale of Net Leased Walgreens Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Walgreens property located at 2261 South Sterling Avenue in Independence, MO for $4,675,000

Property/Casualty Insurers Continue Profitability but with Deteriorating Results

Private U.S. property/casualty insurers’ net income after taxes fell to $55.5 billion in 2014 from $63.4 billion in 2013, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus dropping to 8.4 percent from 10.2 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)

Stiles Realty Brokers $4.8 Million Sale of Former Harley Davidson in Fort Lauderdale

Stiles Realty, a division of Fort Lauderdale-based full-service commercial real estate developer Stiles, today announced the sale of the former Harley Davidson headquarters located at 2871 North Federal Highway in Fort Lauderdale. The $4.8 million sales price equates to $106.67 per square foot

Modest Growth Expected in Commercial Real Estate Markets

A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.

PCI Applauds Senate Passage of Bipartisan TPA Legislation

Dave Snyder, vice president, international policy at the Property Casualty Insurers Association of America (PCI) issued the following statement following the Senate passage of “The Bipartisan Congressional Trade Priorities and Accountability Act of 2015,” legislation to renew Trade Promotion Authority (TPA)

National property-rights champion steps up for family-owned puppy business

East Providence, Rhode Island; May 22, 2015: A national property rights legal organization has stepped in to represent a small, family-owned pure-bred puppy business whose East Providence store has been shut down by the city’s new ban on pet stores

THREE MEN CHARGED IN MULTI-MILLION DOLLAR SCHEME TO DECEIVE HOMEOWNERS INTO SELLING THEIR HOMES

Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes

PCI Encouraged by Senate Banking Committee Action

Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement regarding the Senate Banking Committee’s mark-up of “The Financial Regulatory Improvement Act of 2015.

Existing-Home Sales Lose Momentum in April

Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April.

How to address an appraisal that doesn’t match the home’s value

An appraisal is an integral part of the home buying process, assuring both the mortgage lender and future homeowner that the property is worth the agreed price. However, some appraisal reports may point out that the home's value falls short of the set purchase price. This could leave home purchases in limbo if first-time home buyers and house hunters don't know what to do next

Trammell Crow Residential and Thompson | Dorfman Partners Announce $500 Million Development Program

Trammell Crow Residential (TCR), the multi-family division of Dallas, TX-based Crow Holdings, and Thompson | Dorfman Partners, LLC, a Mill Valley, Calif.-based developer of multifamily real estate, announced today the creation of a joint venture that has an initial capital commitment to fund $500 million for the development of Bay Area multifamily housing.

OCC Newsletter Focuses on Financing Small Multifamily Rental Properties

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled "Small Multifamily Rental Property Financing.”