Home Property, Rentals, Transactions
New home sales prices are increasing, and the pace of new home sales are showing signs of slowing in the four largest homebuilding markets in Texas, but total new home sales remain solid, according to the HomesUSA.com® New Homes Sales Index and other new home sales data released today.
LBG Real Estate Companies and Aviva Investors today announced the purchase of Hilltop Mall, a 1,100,000-square-foot regional mall in the East Bay city of Richmond, Calif. The property, located at 2200 Hilltop Mall Road, was originally developed in 1976 and renovated in 2007, and encompasses approximately 77 acres of land prominently located at the Hilltop Mall exit off of Interstate-80.
America’s Top 35 real estate firms based on service excellence are being honored for exceptional customer service satisfaction with an industry first – a QE Award (pronounced “Quie”) – “that measures and independently verifies excellence in the delivery of the highest levels of customer satisfaction and service quality in real estate in North America,” according to Quality Service Certification, Inc. (QSC), creators of the award.
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 single-tenant absolute net-leased Taco Bell property located at 627 N. Wilson Way in Stockton, Calif. The tenant has a 48-year operating history at this location. The purchase price was $1.45 million or $882 per square foot.
“Real Leads Are Back: How Social Lead Gen Change Will Change The Way You Look At Lead Gen Forever” is the hot topic that Eric Stegemann, CEO & Director of Strategy of Chicago-based TRIBUS, will address at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.
Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month.
Realtors®, House Financial Services Committee Reach Agreement to Move Key Flood Insurance Legislation Forward
The National Association of Realtors® today said that significant improvements to the “21st Century Flood Reform Act,” key legislation aimed atstrengthening and reauthorizing(link is external) the National Flood Insurance Program, have cleared the way for endorsement of the bill. Among the changes, Realtors® support the House Financial Services Committee’s commitment to retaining “grandfathering” – a policy that protects homeowners from significant rate increases when a flood map changes.
“Stop Blogging! How To Build A Hyperlocal Content Machine” is the compelling title of the session that MB Confidential licensed real estate broker Dave Fratello will co-present at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.
“What Consumers Really Want Will Shock You – Hint: It’s about them, not you!” is the provocative title of the session that Seattle real estate marketing expert Noelle Bortfeld, Chief Marketing Officer at Windermere Real Estate, will headline at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.
International award-winning firm KTGY Architecture + Planning is pleased to announce that Elan Menlo Park, a 146-unit luxury apartment community in Menlo Park, Calif., is nearly complete and has begun leasing. Developed byCityView and Greystar, Elan Menlo Park is a contemporary-designed apartment community located at 3645 Haven Avenue, near major employers, restaurants, shopping, services, medical, education and transit.
Kennedy Wilson, a global real estate investment and services firm, has announced the closing of three 10-year leases with major national retailers at the South Park by Windsor mixed-use property in Downtown Los Angeles (DTLA), bringing the ground-floor retail space to 100-percent occupancy. The property is one of South Park’s newest mixed-use high rise developments to recently open.
Hanley Investment Group Negotiates Sale of Grocery-Anchored Shopping Center in Corona for $28.6 Million
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of Sierra Del Oro Towne Centre, a 110,004-square-foot Ralphs grocery-anchored shopping center located at the signalized intersection of Green River Road and Serfas Club Drive in Corona, Calif. The purchase price was $28.6 million. According to CoStar, this is the second grocery-anchored property to trade in the Inland Empire in the last 24 months.
“Could Predictive Analytics Become Tomorrow’s QR Code?” is the thought-provoking title of the session that DC area and third-generation real estate professional John Heithaus will co-present at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.
365 Connect Introduces Twenty-First Century Solution to Affordable Housing Industry with Release of Comprehensive...
365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today the release of a comprehensive industry study on the utilization of resident services in affordable housing. The study, Affordable Multifamily Rental Housing Resident Services - Twenty-First-Century Solutions, brings into focus the future of delivering services through web-based platforms.
Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated.
International award-winning firm KTGY Architecture + Planning and San Francisco Bay Area office of Trammell Crow Residential (TCR) announce the groundbreaking ceremony on July 19, 2017, celebrating the redevelopment of the parking lot between Webster Street and Valdez Street at 23rd Street into a vibrant mixed-use destination that includes luxury apartment homes, retail, parking, jobs and art.
Calmwater Capital, a leading, national direct real estate lender, has originated a $36.7 million loan for Remington Nevada to refinance existing debt and finance remaining construction of the Mountains Edge Marketplace in southwest Las Vegas. Once completed, the 101,000-square-foot retail property, anchored by Albertsons, will be located at the corner of Blue Diamond Road and South Buffalo Drive, adjacent to the Mountains Edge master planned community.
REach®, the growth technology accelerator operated by the National Association of Realtors®’ strategic investment arm, Second Century Ventures, was recently named among the top 30 accelerators in the U.S. by the Seed Accelerator Rankings Project, or SARP.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Arby’s Restaurant located at 1911 Main Street in Green Bay, Wisconsin for $1,080,000.
Seattle area home inspector and first-time author Dylan Chalk has won America’s top contest for real estate authors, receiving the Silver Award from the National Association of Real Estate Editors (NAREE) 11th Annual Robert Buss Real Estate Book Awards for “The Confident House Hunter: A Home Inspector’s Tips for Finding Your Perfect House” (Cedar Fort, Inc. Publishers, July 2016)
International award-winning KTGY Architecture + Planning announced today the firm’s Los Angeles office has completed its sixth year of teaching and mentoring students attending Bell High School in the City of Bell, Calif.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased MobilityWorks property located at 9207 N Milwaukee Avenue in Niles, Illinois for $2,490,000.
Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, has completed the sale of a single-tenant net-lease retail investment occupied by LA Fitness in Montebello, California. The price could not be disclosed.
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The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Kmart property located at 10560 Harrison Avenue in Harrison, Ohio for $3,050,000.
Sixty-two percent of sellers' agents say that staging a home decreases the amount of time a home spends on the market, according to the National Association of Realtors® 2017 Profile of Home Staging,
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Sam’s Club Ground Lease located at 9464 Main Street in Woodstock, Georgia (Atlanta MSA) for $6,560,000.
The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market. Cap rates for all net leased property sectors experienced increases (Retail: 6.23% | Office: 7.14% | Industrial: 7.37%)
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Fresenius Medical Care property located at 390 E Penn Drive in Enola, Pennsylvania for $1,930,000.
The National Real Estate Investors Association (NREIA) announced this week that three of its chapters received an “Award of Excellence” at their annual MidYear meeting, which took place this month in Austin, TX. Awards were given for outstanding efforts in six major categories; Government Affairs, Community Service, Communications, Membership, Education and Strategic Industry Partners Marketing. Three chapters (one from each size group; Small, Medium and Large) received an award.