Property, Rentals, Transactions

North Shore And Barrington Area Home Sales Rise; Median Price Sees Minor Drop In May

While the number of closed sales and properties under contract continue to steadily rise, the median sales price has slipped in May for the first time this year. According to data from the North Shore – Barrington Association of Realtors (NSBAR), the number of closed sales in May this year compared to this time last year and increased by 1.3 percent to 678. Year-to-date this number is up by 5.2 percent to 2,534.

Mayor Lee Announces New “One-Stop Shop” Office of Short-Term Rental Administration & Enforcement

Mayor Edwin M. Lee today announced the creation of the new Office of Short-Term Rental Administration and Enforcement, funded in the Mayor’s FY 15-17 budget, to create a “one-stop” shop and centralized location to streamline applications for the City’s short-term rental registry and more aggressively coordinate complaints and enforcement of the City’s short-term rental regulations.

Stiles Realty Brokers Sale of Largest Marina/Boatyard in the United States

Stiles Realty, a division of Fort Lauderdale-based full-service commercial real estate developer Stiles, announced today the sale of Lauderdale Marine Center, the largest yacht repair facility and marina in the U.S. The property was purchased by a division of The Carlyle Group, a global asset management firm based in Washington D.C., for an undisclosed amount.

Mark Spain Team Members Attend Real Estate Webmasters Summit in Nashville

Realtors John Makarewicz and Flip Fenno, two leadership team members of Atlanta’s top-selling Mark Spain Team, recently attended the Real Estate Webmasters Summit in Nashville. The event included keynote speaker and real estate mogul Barbara Corcoran, who is also a regular on the Shark Tank television program

The Boulder Group Publishes 2nd Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Market.

FIFTEEN COMMERCIAL PROPERTIES WIN THE OUTSTANDING BUILDING OF THE YEAR® AWARDS

The commercial real estate industry honored 15 commercial properties with The Outstanding Building of the Year® (TOBY®) Awards last night at the Building Owners and Managers Association (BOMA) International’s annual conference, the 2015 BOMA International Conference & Expo in Los Angeles

NAS Announces Sale of Houston Office Building, 602 Sawyer Street

National Asset Services (NAS), one of the Country’s leading commercial real estate companies, today announced the sale of 602 Sawyer Street on behalf of 22 tenant-in-common co-owners. The property, an 85,923 square foot, 7-story office building, is located in the Houston, Texas submarket of Midtown. The tenant-in-common investors purchased the property in 2008. Originally built in 1982, the office property underwent renovations in 1999

Providing Leadership in Creating Thriving Communities Worldwide: Randall K. Rowe is the New Global Chairman of the Urban Land Institute

Randall K. Rowe, Chairman of Green Courte Partners, LLC, a private equity real estate investment firm based in Chicago, has been named the new Global Chairman of the Urban Land Institute (ULI), a non-profit research and education institute with more than 35,000 members dedicated to leadership in real estate and land use and creating thriving communities worldwide. Rowe, a longtime ULI member, ULI Trustee and ULI Foundation Governor, will serve a two-year term that ends June 30, 2017.

New Homes Coming Soon to Eagle Rock Offer Highly Sought-After Modern Design

Planet Home Living announces a new neighborhood coming soon to Eagle Rock. PRISM consists of fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles. Planet Home Living collaborated with award-winning national architecture firm KTGY Architecture + Planning to achieve its sleek, modern design.

Hanley Investment Group Celebrates 10th Anniversary with New Headquarters and 50% Increase in Sales Volume

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, is pleased to announce the celebration of its ten-year anniversary with an expanded national presence and the opening of a new company headquarters in Orange County, California, at 3500 E. Coast Highway, Suite 100 in Corona del Mar, CA 92625. The office is in close proximity to Newport Center home to Fashion Island and leading global company headquarters.

CBRE SELLS 77,705-SF, MULTI-TENANT RETAIL CENTER IN PEMBROKE PINES

CBRE arranged the sale of Palm Square, a 77,705-square-foot, multi-tenant retail center located at 9801-9965 Pines Boulevard in Pembroke Pines, Florida. Bar Invest Group, Inc. purchased the property for $17,600,000. The seller was Pebb Enterprises, LLC, which hired CBRE to market the asset for sale and negotiate the transaction

Pending Home Sales Maintain Momentum in May

Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors®. Gains in the Northeast and West were offset by small decreases in the Midwest and South.

IBHS Advises Residents to Stay Alert for Evacuation Orders and Prepare Homes Now as Wildfires Continue to Burn in Central Washington

At least 24 structures were reduced to ashes when the so-called Sleepy Hollow Fire started as a brush fire in central Washington on Sunday afternoon and quickly spread due to hot and dry conditions, underscoring the harsh realities of how quickly a fire can spread and threaten properties this time of the year.

National Survey Ranks Top Real Estate Agents and Teams

RE/MAX has more of the nation’s top real estate agents when ranked by transaction sides than any other brand, according to The Thousand, an annual survey compiled by REAL Trends and showcased in The Wall Street Journal.

TH Real Estate invests in business development function in London and New York

TH Real Estate has created three new roles within its global business development department and relocated a key executive to Asia, reflecting an enhanced focus on its global product range. Nicole Mitchell has joined as Director and will be based in London. Her role will also be supported by the addition of Antonia Hass, as Analyst. Shawn Lese has joined as Head of Business Development, North America, based in New York.

Temecula Realtors Lisa and Goran Forss are named to The Wall Street Journal Top 250 Teams in the US list

The Wall Street Journal and REAL Trends have just named Lisa and Goran Forss, better known as Team Forss, one of America’s top 250 real estate teams. Ranking No. 96 nationally for sales volume and No. 1 in Temecula/Murrieta Valley, Team Forss moved up more than 100 spots on the annual list from their No. 212 position the previous year.

National Association of Real Estate Editors Announces 2015 Robert Bruss Real Estate Book Award Winners

The National Association of Real Estate Editors (NAREE) has named the winners of the Eighth Annual Robert Bruss Real Estate Book Competition. The awards recognize excellence in books published in 2014 covering the broad field of real estate.

The Boulder Group Arranges Sale of a Net Lease Advance Auto Parts in the Austin MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Advance Auto Parts property located at 3508 North Main Street in Taylor, TX for $1,978,326.

Three South Florida Defendants Charged in $10 Million Government Fraud Involving Six Miami Low-Income Housing Developments

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Nadine Gurley, Special Agent in Charge, United States Department of Housing and Urban Development, Office of Inspector General (HUD-OIG), and Kelly R. Jackson, Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), announced the filing of charges against three defendants in a joint investigation of individuals who fraudulently obtained federal money and property in connection with the construction of low-income housing developments in Miami-Dade County.

Buy-Back Program Exceeds $500 Million Paid to Landowners for Voluntary Consolidation of Fractional Interests

In a major milestone for the Department of the Interior’s Land Buy-Back Program for Tribal Nations (Buy-Back Program), Deputy Secretary Michael Connor today announced that more than $500 million has been paid to more than 24,000 individual landowners to restore the equivalent of nearly 850,000 acres of land to tribal governments