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Property, Rentals, Transactions

MERS Prevails in Pennsylvania County Recording Litigation

MERSCORP Holdings, Inc. today announced that the United States Court of Appeals for the Third Circuit reversed the opinion of the United States District Court for the Eastern District of Pennsylvania, ruling in MERS’ favor that the Pennsylvania recording statute does not create a duty to record all land conveyances

Meridian Completes Construction of 17,000 SF Medical/Office Building in Marin County

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has completed construction of a 10,652-square-foot medical clinic located on a 17,000-square-foot site in Marin County at 1415 Third Street in San Rafael, California. This was a ground-up urban infill development project that began with full demolition of the original existing building. DaVita Healthcare Partners will occupy the entire building.

Out of the City and Into the Country: Benefits of Buying Farm and Ranch Real Estate

The city life certainly isn’t for everyone, and as more baby boomers look to retire and younger generations look for locations to raise a family, the rural areas and farmland comes into play. Rural life is quite the opposite of city life. Such areas include lots of land, minimal traffic, fewer neighbors, and smaller communities. If you’re looking to trade in the loud noises and hustle and bustle for a more picturesque peaceful oasis, then purchasing a farmhouse or a rancher might be just the type of property for you

USDA Announces Available Funding for Farm Bill Broadband Loan Program

Agriculture Secretary Tom Vilsack today announced the availability of loans to build broadband in rural areas, along with changes to the program required by the 2014 Farm Bill. "USDA is committed to providing broadband to rural areas," Vilsack said. "Broadband is as vital as electricity was 80 years ago. Since 2009, USDA investments have delivered broadband service to 1.5 million households, businesses, schools, libraries and community facilities.

National Council on Disability Releases “Home and Community-Based Services: Creating Systems for Success at Home, at Work and in the Community”

The National Council on Disability (NCD), an independent federal agency, in a cooperative agreement with the National Association of State Directors of Developmental Disabilities Services (NASDDDS), will release “Home and Community-Based Services: Creating Systems for Success at Home, at Work and in the Community” online Tuesday, February 24, 2015.

Hanley Investment Group Sells Two Multi-Tenant Retail Investments in CVS-Anchored Shopping Centers in Moreno Valley for $10.4 Million

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, is pleased to announce that Hanley Investment Group President Ed Hanley and Executive Vice President Bill Asher have negotiated the sale of two multi-tenant retail investment properties in Riverside County, Calif., totaling more than $10,413,000.

COX HELPS BANK ENTER THE EASTERN SHORE MARKET

Wesley Cox, CCIM, Senior Advisor at Sperry Van Ness – Miller Commercial Real Estate is pleased to announce that First Financial Bank is entering the Eastern Shore market with a location in Sussex County, Delaware. First Financial will be occupying 2,000 square feet of brand new professional office space at the Stone Creek Business Park in Laurel, DE.

Stiles Expands Office in Charlotte; Welcomes New VP to Support Growth in the Region

Stiles, a full-service real estate development company based in South Florida, announced today it has expanded its office in Charlotte, North Carolina with the addition of industry veteran David Lee as Senior Vice President, Real Estate

Colliers International Announces Recent Transactions

Colliers International, a leading global real estate services and investment firm, today announced the following transactions.

Pending Home Sales Dip in June

After five consecutive months of increases, pending home sales slipped in June but remained near May's level, which was the highest in over nine years, according to the National Association of Realtors®. Modest gains in the Northeast and West were offset by larger declines in the Midwest and South.

TH Real Estate hires US industry veteran to strengthen North America client relations

James (Jim) will be responsible for the distribution of TH Real Estate’s global products to corporate and public investors across the US, working closely alongside TIAA-CREF Asset Management’s existing real assets sales team

Average Costs of Housing across the U.S.

After the housing crisis of 2008, listing and selling prices sank around the country. Some homeowners lost tens of thousands in the value of their homes. Slowly, the real estate market has rebounded, and prices have reached pre-recession levels in many markets. Some have even exceeded pre-recession levels.

Millennials Favor Walkable Communities, Says New NAR Poll

Millennials prefer walking over driving by a substantially wider margin than any other generation, according to a new poll conducted by the National Association of Realtors® and the Transportation Research and Education Center at Portland State University

Industry Experts Assail “One-Size-Fits-All” Insurance Regulation

The Property Casualty Insurers Association of America (PCI) today sponsored a policy briefing entitled “Does One Size Fit All? A Policy Discussion on Insurance, Regulation, and the American Economy” on Capitol Hill, where House Financial Services Committee members and industry experts discussed the potential effects of international standard setting on United States’ current state-based regulatory structure.

Decades-Old Carpinteria Palms Replanted at Affordable Housing Development

Seven palm trees that were temporarily relocated at Peoples’ Self-Help Housing’s Casas de las Flores affordable rental complex have been replanted at the site in preparation for the property’s opening in October

Survey of Exclusive Buyer Agents Shows Lack of Inventory is the Top Issue Facing Today’s Home Buyers

The National Association of Exclusive Buyer Agents recently conducted a survey of its membership to determine the top issues facing today’s home buyers. Exclusive buyer agents across the country were simply asked, “What is the number one issue facing home buyers in your market today?” Two-thirds of the respondents responded with lack of inventory or low inventory.

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN JUNE

Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This is 6.8 percent (±12.5%)* below the revised May rate of 517,000 and is 18.1 percent (±18.1%) above the June 2014 estimate of 408,000.

New-Home Sales Fall 6.8 Percent in June

Sales of newly built, single-family homes dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units in June, according to newly released data from HUD and the U.S. Census Bureau.

Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.

AMERICAN REALTY ADVISORS ACQUIRES 2201 WESTLAKE OFFICE BUILDING IN SEATTLE’S SOUTH LAKE UNION

American Realty Advisors and Vulcan Real Estate today announced Vulcan’s sale of 2201 Westlake Avenue, a fully-leased best-of-class office/retail property in the heart of South Lake Union, to American. The building is currently leased to high-profile office and retail tenants, including Amazon and global health innovator, PATH. Located at the corner of Westlake Avenue and Denny Way, 2201 Westlake is a 12-story 317,000 square-foot LEED Gold certified high-rise building developed by Vulcan in 2009.