Property, Rentals, Transactions

SummerHill Apartment Communities Celebrates Completion of The Lane on the Boulevard in Redwood City

IRVINE, Calif. – November 22, 2014 – (RealEstateRama) — Award-winning national architecture and planning firm KTGY Group, Inc. and SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announce the completion of “The Lane on the Boulevard,” a new 141-unit luxury residential rental community in Redwood City, Calif., located on the San Francisco Peninsula, just north of Atherton. A completion celebration was held on November 19th. The property is located on 2580 El Camino Real in Redwood City, Calif., between Carlos Avenue and Center Street. Close by are jobs, restaurants, shopping, public transportation and freeways.

BKM CAPITAL PARTNERS ANNOUNCES THE ADDITION OF FIVE TEAM MEMBERS INCLUDING FORMER CEO/CHAIRMAN OF MORGAN STANLEY

IRVINE, Calif., – November 20, 2014 – (RealEstateRama) — BKM Capital Partners has formally announced its Board of Advisors, which includes former CEO/Chairman of Morgan Stanley, John J. Mack, Paul Dolinoy, former President of Equitable Real Estate Investment Management, and Jeff Gehl, Managing Principal and co-founder of RCP Advisors. These three business leaders join BKM’s co-founders Brian Malliet and Nima Taghavi on the board. The firm has also hired two executive staff fund management experts, Michael Hernstad and Charlie Ittner, according to Brian Malliet, CEO and Co-Founder of BKM.

Changes in Healthcare Policies and Preferences Drive New Opportunities in Commercial Real Estate

Chicago – November 20, 2014 – (RealEstateRama) — Not long ago, hospital emergency rooms were clogged with people seeking treatment for everything from broken bones to sore throats. The solution, it turns out, is not to build more and larger hospital emergency rooms, according to a panel of healthcare executives who addressed The Counselors of Real Estate® professional association’s annual convention in Boston. Leaders of the evolving healthcare system are working to find different, more convenient ways – and places — to treat illness and injury. These new medical goals, policies and delivery options are creating better patient care — and opportunities in real estate

Existing-Home Sales Rise in October, First Year-Over-Year Increase since October 2013

WASHINGTON, D.C. – November 20, 2014 – (RealEstateRama) — Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors®.

REach® Technology Accelerator Now Accepting Applications for 2015

CHICAGO – November 19, 2014 – (RealEstateRama) — Second Century Ventures, the strategic investment fund of the National Association of Realtors® , announced today that it is accepting applications for its 2015 REach® Accelerator program, now through January 30th, 2015. The nine-month program provides a unique opportunity for technology companies to get intense exposure into real estate, a market that represents more than $1 trillion in revenue, consists of more than 100,000 small- and medium-sized businesses and generates more than $12.5 billion in advertising spend in the U.S. each year

New REALTOR Benefits® Partner Provides Exclusive Member Pricing and Features on Customizable Websites

WASHINGTON – November 19, 2014 – (RealEstateRama) — Technology has transformed the way real estate professionals do business, and establishing an online presence is essential to connecting with and marketing to potential clients. To help members build and maintain their online identity, the National Association of Realtors® welcomes Placester, one of the largest providers of real estate websites in the world, to the REALTOR Benefits® Program. Through this strategic partnership, Placester is offering exclusive pricing and features on websites to NAR members as well as access to marketing programs and strategies to assist in revenue growth and lead generation.

Single-Family Starts Up 4.2 Percent While Overall Production Drops Slightly in October

WASHINGTON, D.C. – November 19, 2014 – (RealEstateRama) — Single-family housing production in October reached its highest level since November 2013 while the more volatile multifamily sector brought combined nationwide starts activity down 2.8 percent to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau

StarPoint Properties Acquires $51.75 Million Multifamily Property in West Covina

WASHINGTON, D.C. – November 19, 2014 – (RealEstateRama) — StarPoint Properties, an industry leader in acquiring, developing and re-positioning multifamily projects, has purchased the $51.75 million Lafayette Parc Apartments in West Covina, California. The 236,000-square-foot property is comprised of 259 units and is located at 624 South Glendora Ave. The name of the seller was not disclosed.

Audit Shows FHA Fund is Healthy, Time to Lower Mortgage Insurance Premiums, Say Realtors®

WASHINGTON – November 18, 2014 – (RealEstateRama) — The following is a statement by National Association of Realtors® President Chris Polychron:

ABC Asks EPA to Withdraw its “Waters of the U.S.” Proposal

Washington, D.C. – November 18, 2014 – (RealEstateRama) — Associated Builders and Contractors (ABC) and more than 50 ABC chapters this week filed comments to voice deep concern over the U.S. Environmental Protection Agency’s (EPA) and the U.S. Army Corps of Engineers’ proposed “Waters of the U.S.” rule. ABC also filed additional comments with a group of 374 trade associations led by the U.S. Chamber of Commerce and as a member of the Waters Advocacy Coalition (WAC).

Pircher, Nichols & Meeks Hires Elena Baca As New Associate

WASHINGTON, D.C. – November 17, 2014 – (RealEstateRama) — Pircher, Nichols & Meeks, a national real estate law firm with offices in Chicago and Los Angeles, has announced Elena Baca has joined the firm as a new associate in the Chicago office. Baca has previous experience in real estate and property transaction law.

SummerHill Apartment Communities to Celebrate Completion of New 300-unit Transit-Oriented Luxury Residential Rental Community in Walnut Creek with Public Art Unveiling

OAKLAND, Calif. – November 17, 2014 – (RealEstateRama) — Award-winning national architecture and planning firm KTGY Group, Inc. and SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announce the completion of Brio, a new 300-unit luxury residential rental community in Contra Costa County situated four blocks from a BART light rail station in Walnut Creek, Calif. The completion of Brio will be celebrated with a public art unveiling on Tuesday, November 18th.

Big Data Will Play an Important Role in the Future of Real Estate and for Realtors®

WASHINGTON, D.C. – November 17, 2014 – (RealEstateRama) — Advances in mobile technology have the potential to radically change the ways consumers search for real estate online, according to a session at the 2014 REALTORS® Conference & Expo that peered into what can happen in the future regarding big data and real estate

Justice Department Files Sexual Harassment Lawsuit in West Virginia Against Owner and Property Managers of Perkins Parke Apartments

WASHINGTON, D.C. – November 17, 2014 – (RealEstateRama) — The Justice Department announced it has filed a lawsuit against Encore Management Co. Inc., Perkins Parke Limited Partnership and three former employees of Perkins Parke Apartments in Cross Lanes, West Virginia, alleging that female tenants have been subjected to sexual harassment and retaliation in violation of the Fair Housing Act

CBRE/NE Multifamily Group Sells Windsor at Brentwood

BOSTON – November 17, 2014 – (RealEstateRama) — CBRE/New England’s Capital Markets team announces the sale of Windsor at Brentwood, a 240-unit, garden-style apartment community located in North Providence, Rhode Island, for $25.8 million. CBRE/NE’s multifamily experts Simon Butler, Executive Vice President/Partner, and Biria St. John, Executive Vice President/ Partner, exclusively represented the seller, Bower Hill Associates, an affiliate of GID Investment Advisers LLC, and procured the buyer, Brentwood Apartments Limited Partnership, an affiliate of SMC Management LLC

Two N.J. Industrial Assets Trade in C&W-Brokered Sale

NORTH BRUNSWICK/NEW BRUNSWICK, N.J., – November 17, 2014 – (RealEstateRama) — The sale of a two-building industrial offering in North Brunswick and New Brunswick reflects strong investor demand in New Jersey’s distribution corridor. Cushman & Wakefield’s Metropolitan Area Capital Markets Group orchestrated the trade of 1000 Corporate and 571 Jersey Avenue to Principal Real Estate Investors

Real Estate Seminar In CT: The Complete Path To Getting Richer Quicker

The CT REIA is the largest real estate investors & apartment owners association in the Northeast. Our mission is to provide educational, networking, and business-to-business opportunities for entrepreneurs in the real estate investment community. CT REIA has been featured on CNN Financial News, The New York Times, Hartford Courant, Meriden Record Journal , Channel 30-WVIT and Channel 8 News-WTNH. We’re firmly committed to promoting a sound understanding of ethical real estate investing principles and to help further develop our members’ investing abilities.

Hanley Investment Group Sells 7-Eleven NNN Ground Lease in Oceanside, Calif. for $2.1 Million

IRVINE, CALIF. – November 17, 2014 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the United States and a market leader in the sale of retail properties, announced today that Jonathan Selznick, senior vice president at Hanley Investment Group, negotiated the sale of a NNN ground lease occupied by a single-tenant 7-Eleven at Oceanside Plaza in San Diego County. The purchase price was $2,100,000, which represented a 4.29% capitalization rate.

NAI Capital’s Roger Niez to Represent the R. C. Hobbs Company in Land Acquisition Program

ORANGE COUNTY, CA – November 14, 2014 – (RealEstateRama) — R.C. Hobbs Company has selected Roger Niez to represent their Orange County Land Acquisition Program. This is a significant move for Niez because they will be purchasing new parcels of land throughout the county for development.

Building Industry Association of Southern California (BIASC) Honors KTGY Executive Director Nick Lehnert with Lifetime Achievement Award

IRVINE, CALIF. – November 14, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that Nick Lehnert, an executive director based in the firm’s Irvine, Calif., office, has been honored with a lifetime achievement award, the 2014 A. Gary Anderson Memorial Associate of Excellence Award, presented by The Building Industry Association of Southern California (BIASC). This prestigious award recognizes Lehnert’s contributions to the home building industry and the BIASC.