Property, Rentals, Transactions

Property, Rentals, Transactions
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 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.

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.

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.
Walgreens St. Paul MN

The Boulder Group Arranges Sale of Triple Net Lease Walgreens in the Minneapolis, MSA

The Boulder Group, a net lease investment brokerage firm, has completed the sale of a single tenant net lease Walgreens property located at 1180 Arcade Street in St. Paul, Minnesota for $6,500,000.
ULTA Rendering

Hanley Investment Group and Coldwell Banker DuFour Realty Arrange Sale of New Single-Tenant ULTA...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Coldwell Banker DuFour Realty, announced today that the two firms completed the sale of a new construction single-tenant net-leased retail property occupied by ULTA Beauty at 2068 Dr. Martin Luther King Jr. Parkway in Chico, Calif. The sales price could not be disclosed. More...
Ron Penir-OpesAdvisors

Opes Advisors named Top Purchase Lender in San Luis Obispo County for second consecutive...

Real Estate Market Reports named Opes Advisors as San Luis Obispo County’s leading purchase lender for 2016. The company handled a total of 282 home purchases and 201 refinances last year, placing it in the top spot among local lenders for the second consecutive year. More...
Crescent Perimeter

Crescent Communities Starts Construction on Apartment Community in Atlanta’s Perimeter

Crescent Communities, has secured financing for an upscale for-rent multifamily community now under way in Atlanta’s booming Perimeter neighborhood. The community, Crescent Perimeter, will consist of 320 apartments units ranging from one to three bedrooms. Situated at 5755 Glenridge Road in Sandy Springs, Georgia, the contemporary community will be four and five stories surrounding a parking deck within the 26-acre Lakeside office park just north of I-285.
Fetch Shipping Container Rendering4

Renderings Revealed for Fetch, a Restaurant and Dog Park Coming Soon to O4W

Fetch has released the first renderings of the restaurant and dog park bar concept coming to Atlanta’s Old Fourth Ward neighborhood. Fetch is the first restaurant concept by Atlanta businessman Stephen Ochs and his business partner, Garrett Reynolds. The restaurant is expected to open this Fall. More...

NAIOP Appoints Marc Selvitelli, CAE, as Senior Vice President

Marc Selvitelli, CAE, has been named as senior vice president for NAIOP, the Commercial Real Estate Development Association, effective February 13, 2017. In this role, Selvitelli will guide the association’s staff, chapters and volunteers to execute NAIOP’s mission of providing education, advocacy and connections to 18,000+ members in 51 chapters across North America. He will oversee the association’s daily business operations and serve as executive director of NAIOP’s Research Foundation.
The Parkat Perimeter Center

Grubb Properties Selects JLL to Market The Park at Perimeter Center East – The...

JLL today announced that Grubb Properties engaged its Agency Leasing group to market and lease The Park at Perimeter Center East. JLL Associates Liz Koteles and David Horne will oversee leasing for the three-building office park. Charlotte-based Grubb Properties acquired the 19.5-acre property in 2015, representing the firm’s first office investment in Atlanta. More...
Walgreens Jacksonville FL

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 3505 University Blvd W in Jacksonville, Florida for $5,150,000. More...

NAR Finds Real and Imaginary Barriers Holding Back Prospective Homebuyers

Existing-home sales increased 3.8 percent to a 10-year high in 20161, but affordability pressures, student debt and possible confusion about down payment requirements prevented many aspiring homeowners from reaching the market, according to recent consumer insight from the National Association of Realtors
Research Report

The Boulder Group Publishes Net Lease Big Box 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 Big Box Market.
FedEx Jackson, MS

The Boulder Group Arranges Sale of a Net Lease FedEx Office Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased FedEx Office property located at 226 E Capitol Street in Jackson, Mississippi for $490,000. More...
The California State Historical Resources Commission

AFFORDABLE SENIOR HOUSING IN CAPITOL HEIGHTS NOW OPEN

Conifer is pleased to announce that a brand new, 120-unit, senior apartment community in Capitol Heights is now open! Located at 2011 Brooks Drive in District Heights, Conifer Village at Oakcrest offers individuals 62 and older an affordable, one or two bedroom, high-quality, state-of-the-art apartment home with many amenities. Each apartment home includes energy efficient appliances, patio or balcony, a fully-equipped fitness room and great room for social events.

Pending Home Sales Bounce Back in December

Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest, according to the National Association of Realtors
Dave Kreske

Dave Kreske Joins Meridian as Vice President of Construction

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities, expands its construction division with the addition of David Kreske, a well-respected construction professional with a successful track record of over 25 years in construction management. In his new role as Vice President of Construction, Kreske will lead the construction project management team as the team drives the pre-development and construction phases of Meridian’s new ground-up development and value-add redevelopment general and medical office projects in the western U.S. More...
Just Brakes_Dallas

Hanley Investment Group Completes Sale of Single-Tenant Just Brakes Store and Sets New National...

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of a single-tenant Just Brakes store in Dallas, Texas. More...

THE DEPARTMENT OF JUSTICE AND THE APPRAISAL FOUNDATION ANNOUNCE NEW EDITION OF THE UNIFORM...

The Appraisal Foundation, in cooperation with the U.S. Department of Justice, this week announced the publication of the sixth edition of the Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the “Yellow Book.” The Yellow Book is promulgated by the Interagency Land Acquisition Conference for use by all agencies for federal land acquisitions.
SilverLakeCollection

CBRE’s Philip D. Voorhees and NRP-West Team Complete Silver Lake Collection Sale for $13.30...

CBRE Executive Vice President Philip D. Voorhees announced today that he and his National Retail Partners – West (NRP-West) team completed the sale of Silver Lake Collection, 10,497 square-feet of urban street-front in the Silver Lake enclave in the city of Los Angeles, Calif. Situated in “Sunset Junction,” the property is 100% leased to three contemporary restaurant and beverage tenants. The sale price was $13.30 million. More...
Dollar General Princeville, IL

The Boulder Group Arranges Sale of Triple Net Leased 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 1107 N Santa Fe Avenue in Princeville, Illinois for $1,145,681

EMPLOYEE ON THE MOVE

It is with great honor that we announce the promotion of Rob Corredine, CPA, to Corporate Controller. “Rob joined Conifer in 2013 and has made significant contributions in many areas of the Company, including corporate and development accounting,” said Tim Fournier, Chairman & CEO.

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PCA

PCA to Showcase Importance of Resilient Building in Wake of Christmas...

In an instant for so many in Birmingham, Christmas Day 2015 turned into a nightmare as residents dealt with the safety of loved ones and lost property following a violent tornado.

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ABA

ABA Conference: Lenders Gain Insight into the Future of Mortgage Lending

Real estate lenders will explore ways to broaden their competitive edge and enhance their lending potential at the American Bankers Association’s Real Estate Lending Conference in Orlando, March 29-31.