Property, Rentals, Transactions

Property, Rentals, Transactions
NAR

Existing-Home Sales Stumble in February

After starting the year at the fastest pace in almost a decade, existing-home sales slid in February but remained above year ago levels both nationally and in all major regions, according to the National Association of Realtors
Dollar General

The Boulder Group Arranges Sale of Triple Net Lease Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 8212 Highway 171 in Grand Cane, Louisiana for $1,168,947.
Brad Pope

JLL lands top NAI Brannen Goddard broker

JLL has hired Brad Pope, one of Atlanta’s top industrial brokers, as a senior vice president in JLL Atlanta’s Industrial Group. Pope will focus on agency listings and corporate services brokerage.
KTGY25

KTGY Architecture + Planning Staff Participates in Build Day for Habitat for Humanity India...

InternationalKTGY Architecture + Planning is known for its award-winning designs. But on Saturday morning, Studio Director Swaroop Agaskar and 11 KTGY employees from KTGY’s Pune office boarded a bus in the early morning hours and traveled 90 kilometers to help Habitat for Humanity India’s construction projects in Saraiwadi situated in the Karjat region.
NAR

Economic, Financial Optimism Surges; Renters Lukewarm About Buying

Multiple years of uninterrupted job gains and hope that the best is yet to come in 2017 are igniting consumer confidence across the country, and especially in rural and middle America, according to new consumer survey findings from the National Association of Realtors®. The survey additionally found a growing disparity among renters who think it's a good time to buy and homeowners who think it's a good time to sell
Buffalo

Hanley Investment Group Completes Three Single-Tenant 7-Eleven Transactions

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Jeremy McChesney has completed the sale of three 7-Eleven stores. With these three recent transactions, McChesney has sold 20 7-Elevens in the last two years, the most 7-Elevens sold by any individual in the U.S. during this period.
Jeremy-Crawford

RESO Offers Free Web API Tools to Enable Rapid Real Estate Software Development

Real estate software developers will now be able to more rapidly deploy real estate software with the just released Web API client tool now available for free from the Real Estate Standards Organization (RESO). Developed by RESO specifically for connecting to the hundreds of MLSs nationwide that have implemented RESO API Standards, the free software package includes the Web API client application itself, as well as the source code for the open source client software.
Sherwin Williams Florence KY

The Boulder Group Arranges Sale of Single Tenant Net Leased Sherwin-Williams

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Sherwin-Williams property located at 8522 US-42 in Florence, Kentucky for $1,678,426.
Rite Aid_Menifee

Hanley Investment Group Arranges Sale of Single-Tenant NNN Rite Aid in Menifee, Calif., for...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant absolute net-lease Rite Aid property located at 28995 Newport Road in Menifee, Calif.
Lane Hornung-zavvie

Colorado startup zavvie helps real estate agents dominate their neighborhoods

From Denver to Colorado Springs, Boulder to Fort Collins, zavvie - a new Colorado real estate startup - is offering to turn top producing real estate agents into the “Digital Mayor” of their neighborhoods.
Calmwater Capital

CALMWATER CAPITAL PROVIDES ACQUISITION AND REDEVELOPMENT LOAN FOR PNC PLAZA BUILDING IN DOWNTOWN COLUMBUS

Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Companies for its acquisition and redevelopment of a 362,720-square-foot office building in Downtown Columbus, Ohio. The sponsor plans to redevelop the property, located at 155 E. Broad St., into a mixed-use property comprising residential, office and hotel space.
NAR

NAR Survey Finds Gen X on the Mend; More Children Living with Millennials and...

An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year.
NAR

Senate Confirms Carson Nomination as Realtors® Look to Opportunities and Challenges Ahead

The U.S. Senate confirmed Dr. Ben Carson as the Secretary of Housing and Urban Development today with a roll call vote of 58-41. National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties, said Realtors® will work closely with Secretary Carson to support homeownership and real estate investment
CoreLogic

CORELOGIC TO INTEGRATE CENTRALIZED SHOWING SERVICE WITH MATRIX

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced a new agreement to integrate Centralized Showing Service (CSS) functionality with its real estate solutions, including the Matrix™ multiple listing platform. With four call centers serving more than 200,000 agents across the U.S., CSS is the nation’s leader in real estate showing management.
Shopko Manitowoc WI

The Boulder Group Arranges Sale of Single Tenant Net Leased Shopko

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Shopko property located at 3415 Calumet Avenue in Manitowoc, Wisconsin for $10,124,000. The 87,905 square foot Shopko property is strategically located at the signalized intersection of Calumet Avenue and 35th Street. Calumet Avenue is the primary east-west thoroughfare in the trade area.
Benjamin Kasdan

Benjamin Kasdan, AIA, Director, Design at KTGY Architecture + Planning, Receives 2017 National AIA...

The American Institute of Architects (AIA) has announced Benjamin Kasdan, AIA, LEED AP, NCARB, director, design for KTGY Architecture + Planning’s multifamily studio, is a recipient of the 2017 AIA Young Architects Award. Young Architects are defined as professionals who have been licensed 10 years or fewer regardless of their age.
Net Lease Auto Parts Research Report

The Boulder Group Publishes Net Lease Auto Parts Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the recent activity in the National Net Lease Auto Parts Market. An 8 basis point decrease in cap rates for auto parts store properties from the fourth quarter of 2015 to the fourth quarter of 2016
NAR

Pending Home Sales Weaken in January

Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016.
JosABank_Sleep Number

Hanley Investment Group Arranges Purchase of New Two-Tenant Net-Lease Investment in Reno, Nev. for...

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the purchase of a new construction two-tenant net-lease retail investment in Reno, Nev. The 7,624-square-foot building is located at 6350 S. Virginia Street and is occupied by Jos. A. Bank and Sleep Number. The purchase price was $4.9 million, which represented a cap rate of 6.48 percent
NAR

Stable Growth Expected for Commercial Real Estate in 2017

Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors, according to the latest National Association of Realtors® quarterly commercial real estate forecast.
NAR

Existing-Home Sales Jump in January

Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors®. All major regions except for the Midwest saw sales gains last month.
Eric Wohl

Phillips Edison Sells Five Shopping Centers Totaling 583,000 SF

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that in separate transactions Hanley Investment Group's Executive Vice President Eric Wohl served as advisor in bringing the buyer and seller together in the sale of five shopping centers owned by Cincinnati, Ohio-based firm Phillips Edison & Company, one of the nation’s largest owners and managers of grocery-anchored shopping centers. The buyer was Albanese Cormier Holdings, a commercial real estate investment company based in Beaumont, Texas
Manny Gonzalez

Thought-Leader Manny Gonzalez of KTGY to Speak on Housing Trends of Today and Beyond

International award-winning KTGY Architecture + Planning announced today that Manny Gonzalez, FAIA, LEED AP, managing principal of the firm’s Los Angeles office, will serve as keynote speaker for a live webcast scheduled to air on February 22, 2017, at 3:00 p.m. ET on MultifamilyBiz.com, the largest media platform in the multifamily housing industry.
NAR

NAR, Realtor.com® Identify Growing Rift Between Housing Availability and Affordability

Existing-home sales are forecast to expand 1.7 percent in 2017, but a new housing affordability model created jointly by the National Association of Realtors® and realtor.com®, a leading online real estate destination, operated by operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., suggests homebuyers at many income levels could see an inadequate amount of listings on the market within their price range in coming months

CONSTRUCTION FIRMS GETTING SQUEEZED BY INCREASING MATERIALS & LABOR COSTS AND SLOWER INCREASES IN...

Construction Officials Caution That Cost of Infrastructure, Other Construction Projects Will Increase if New “Buy America” Provisions, Punitive Tariffs or Limitations on Canadian Lumber Are Put in Place
NAR

NAR Tech Edge Events Keep Realtors® Apprised of Latest Tools

Technology is transforming how Realtors® conduct business and communicate with clients. Now more than ever, Realtors® know the importance of staying up-to-date with the new and emerging technologies that are essential to the real estate business. To help Realtors® stay well informed of the latest business technology skills and trends changing the real estate industry, the National Association of Realtors® is continuing its one-day technology conference series, NAR Tech Edge.
NAR

When Buying, Selling and Renovating, it’s an Animal House, Say Realtors

When making decisions about buying, selling or renovating their homes, Americans, by and large, take their pets' needs into account, according to a new report from the National Association of Realtors®. The 2017 Animal House: Remodeling Impact report found that 81 percent of respondents said that animal-related considerations play a role when deciding on their next living situation.
Sky Harbor Towers

Sky Harbor Towers Redevelopment Nearing Completion in Phoenix

The Muller Company, in a joint venture with investment firm Harbert Management Corporation, announced that the $20 million redevelopment of Sky Harbor Towers office complex is nearing completion of its first phase. The 13.6-acre, two-building office campus located at the intersection of Interstate 10 and State Route 143 is anticipated for move in this spring.
Michael Wurzer

FBS Doubles Real Estate MLS Customer Base to 200,000+ in Four Years

Citing a series of “firsts” in software for supporting Multiple Listing Services in real estate – first to offer a native mobile app, first to create a Web API with its Spark API technology, and most recently, first to power on-demand IDX websites for agents – FBS, the real estate industry’s leading innovator of MLS technology, doubled its flagship Flexmls System customer base in just four years to now serve more than 200,000 subscribers.
NAR

Swift Gains in Fourth Quarter Push Home Prices to Peak Levels in Majority of...

The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.

Popular

NIBS

April 21 BSSC Webinar Looks at Steel-Framed Buildings

The National Institute of Building Sciences Building Seismic Safety Council (BSSC) will host the third webinar in its 2017 series sponsored by the Federal Emergency Management Agency (FEMA). The free webinar, “Design of Seismic Force-Resisting Systems in Steel-Framed Buildings,” will be held Friday, April 21, 2017, from 2:00 pm to 3:00 pm ET (11:00 am to 12:00 pm PT).

Recent

AGC

CONSTRUCTION EMPLOYMENT INCREASES IN 43 STATES IN LAST 12 MONTHS; FIVE...

Forty-three states added construction jobs between February 2016 and February 2017 while 39 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels