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Property, Rentals, Transactions

COPIAGUE COMMONS EARNS SMART GROWTH AWARD

Conifer is delighted to announce that Copiague Commons, a brand new development currently under construction, was awarded with VISION Long Island’s Smart Growth Award.

KTGY-designed Downtown Fremont’s First Mixed-use Development Breaks Ground

Award-winning international firm KTGY Architecture + Planning announced today that the City of Fremont recently celebrated the groundbreaking of Locale @ State Street, Downtown Fremont’s first mixed-use project. The new transit-oriented residential and retail development, designed by KTGY, was made possible through a public/private partnership between the City of Fremont, TMG Partners, SARES-REGIS Group, and Summerhill Homes.

ROEM Builds 200 New Affordable Homes at 295-acre Hitachi Master-Planned Community in San Jose, Calif.

With the near completion of 200 new, affordable housing homes, the $46 million Charlotte Park Apartments in San Jose, Calif., is a great example of ROEM’s expertise in building a high quality affordable residential rental community located within a market-rate development. In this case, ROEM Corp. satisfied most of the affordable housing requirement of the Hitachi master-planned community, with ROEM Builders, Inc., acting as both general contractor and construction manager

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 1855 Hudson Bridge Road in Stockbridge, Georgia for $5,020,000.

Commercial Drone Use Set to Take Flight with Release of FAA Rule

Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration's final rule (link is external) governing small unmanned aerial systems, or UASs, in the national air space.

SEC Proposes Rules to Modernize Property Disclosures for Mining Registrants

The Securities and Exchange Commission today announced that it has proposed rules to modernize the disclosure requirements for mining properties by aligning them with current industry and global regulatory practices and standards. The proposed revisions would update disclosure requirements for mining registrants in Item 102 of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and related guidance in Industry Guide 7

LBG REAL ESTATE COMPANIES Completes Sale of Single-Tenant Home Depot in Henderson, NV for $23 Million

LBG REAL ESTATE COMPANIES, LLC (LBG), a Southern California-based investor in retail real estate, in partnership with Aviva Investors Real Estate Capital Partners I-A, LP, announce that they have completed the sale of a prime, single-tenant net-lease property in Henderson NV to an undisclosed buyer at a sale price of $23,162,717. The sale of the property was brokered by Chris Kostanecki and Dave Lucas of Capital Pacific in Las Vegas, NV

ORRA Housing Report – May 2016

The median price of Orlando homes sold during the month of May increased more than 12 percent compared to May 2015 and crossed the $200,000 mark for the first time since August 2008. In addition, sales showed a year-over-year increase of nearly 7 percent despite a continuing slide in inventory.

Industry Experts Discuss Real Estate Trends During KTGY Leadership Series Event

International award-winning firm KTGY Architecture + Planning recently held an invite-only KTGY Leadership Series event with real estate experts Doug Bibby, president of National Multifamily Housing Council (NMHC), and John McManus, editorial director of Hanley Wood, with Rohit Anand, AIA, managing principal of KTGY’s East Coast office, as the moderator. The event, which was held at KTGY’s new offices at 8609 Westwood Center Drive, Suite 600, Tysons, VA 22182, was attended by some of the region’s top builders and developers.

Move, Inc.-Zillow Lawsuit Settled

We are pleased that Zillow has agreed to a settlement amount of $130 million in damages instead of going to trial, and that the parties have reached an amicable resolution.

71 Percent Believe Student Debt Delays Homeownership

Seventy-one percent of non-homeowners repaying their student loans on time believe their debt is stymieing their ability to purchase a home, and slightly over half of all borrowers say they expect to be delayed from buying by more than five years

Real Estate Investing: Why Now’s the Time

The real estate market can best be described as the land of opportunity. Unfortunately, it’s often feast or famine for anyone who decides to invest in it. When the market is down, there aren’t that many opportunities, but these opportunities become far more plentiful for everyone involved each time there’s an upswing in market activity

The CRE 2016-17 Top Ten Issues Affecting Real Estate

The changing global economy, debt capital market retrenchment and widespread demographic shifts are expected to have the most significant impact on real estate in the near-and long-term, representing both risks and corresponding opportunities, according to The Counselors of Real Estate®, which today released its CRE® 2016-17 Top Ten Issues Affecting Real Estate. The list is developed annually

KTGY Architecture + Planning Unveils Design for Retailer Expansion at SouthBay Pavilion

International award-winning firm KTGY Architecture + Planning today unveiled the design for Vintage Real Estate’s retailer expansion at SouthBay Pavilion, a 1.2 million-square-foot enclosed shopping center in Carson, California.

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of High Quality Retail Center in Newbury Park (Thousand Oaks), CA

CBRE Executive Vice President Philip D. Voorhees and Jimmy Slusher announced today that the National Retail Investment Group – West (NRIG-West) team completed the sale of The Terrace, a two-level, 39,634-square-foot shopping center with structured parking in the city of Newbury Park, Calif. Leased to a complementary mix of 12 restaurant, retail and athletic-focused uses, tenants at The Terrace include: Orangetheory Fitness, Hot Yoga 1000, Road Runner Sports, Bottle and Pint, and others.

HUD Proposes Broadband Infrastructure Requirement for Multifamily Housing

HUD published a proposed rule on May 18, Narrowing the Digital Divide Through Installation of Broadband Infrastructure in HUD-Funded New Construction and Substantial Rehabilitation of Multifamily Rental Housingthat would require owners and developers of HUD-funded multifamily housing to install broadband infrastructure at the time of construction or if the property undergoes substantial rehabilitation.

39 Affordable Homes for Seniors to Open in Revere Thursday

A ribbon-cutting ceremony will officially open One Beach, a new affordable housing building in Revere, developed by The Neighborhood Developers. The four-story building includes 39 affordable rental apartments, with a mix of one and two-bedroom apartments. Building amenities include a community room featuring a kitchen, library, public computers, and television for gatherings, as well as a fitness room, onsite parking and laundry, an outdoor courtyard, and central air-conditioning.

Top Purchase Markets for Millennial Homebuyers, According to NAR

A flurry of financial obstacles and lifestyle choices are stalling the journey to homeownership for many young adults, but becoming a homeowner is currently more feasible in some less expensive metro areas with steady job growth and lower qualifying incomes needed to buy, according to new research by the National Association of Realtors

Hanley Investment Group Negotiates Sale of Target-Anchored Shopping Center for $8.57 Million

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the buyer and seller in the sale of Seven Trees Shopping Center, a 150,338-square-foot Target-anchored shopping center in San Bernardino, Calif. The sale price was $8.57 million.

The Boulder Group Publishes Net Lease Casual Dining Research Report

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