Property, Rentals, Transactions

MCCLELLAN AND THE HANNA TEAM SELL STANDARD REGISTER BUILDING TO DELMARVA POWER

SALISBURY, MD – October 30, 2014 – (RealEstateRama) — The former Standard Register facility located in the Northwood Industrial Park has been purchased by Delmarva Power. John McClellan, CCIM, Henry Hanna, CCIM, SIOR, and Wesley Cox, CCIM, all Senior Advisors with Sperry Van Ness – Miller Commercial Real Estate represented Standard Register in the transaction.

Agorafy to Demo Innovative RE Tech Platform at Next Week’s NYC Real Estate Expo & CRE // Tech Intersect Event

New York, NY – October 30, 2014 – (RealEstateRama) — Agorafy.com will be demonstrating its innovative online real estate platform, alongside many exciting participating real estate technology companies, at next week’s 6th Annual NYC Real Estate Expo and New York City CRE // Tech Intersect event, which are scheduled for Thursday, November 6th.

Norton to Speak at 40th Anniversary of D.C. Home Rule Event, Tonight

WASHINGTON, D.C. – October 30, 2014 – (RealEstateRama) — Congresswoman Eleanor Holmes Norton (D-DC) will speak at a 40th Anniversary of Home Rule for the District event, tonight, October 28, 5:30 p.m. at the John A. Wilson Building Atrium, 1350 Pennsylvania Avenue NW. Norton will be joined by former and current District of Columbia mayors and councilmembers as they reminisce about the challenges to achieve Home Rule for the District of Columbia, and rally together for the work that remains to be done to achieve budget and legislative autonomy, full voting rights in Congress, and, ultimately, statehood

SPIEGELMAN-ROTHMAN JOIN URBAN COMPASS TEAM

WASHINGTON, D.C. – October 30, 2014 – (RealEstateRama) — As October comes to a close, Urban Compass continues to expand with a big new hire. The five-person Spiegelman-Rothman Team, formerly of Corcoran, has moved to the tech-driven brokerage.

JULIA HOAGLAND AND MLLP JOIN URBAN COMPASS TEAM

WASHINGTON, D.C. – October 30, 2014 – (RealEstateRama) — As October comes to a close, Urban Compass continues to expand with a new hire. Julia Hoagland and the Modern Luxury Living Partnership, formerly of Brown Harris Stevens, have moved to the tech-driven brokerage.

VA Guarantees its 21 Millionth Home Loan

WASHINGTON – October 28, 2014 – (RealEstateRama) — The Department of Veterans Affairs (VA) announced this month that it has guaranteed 21 million home loans since the Home Loan Guaranty program was established in 1944 as part of the original Servicemen’s Readjustment Act of 1944, better known as the “GI Bill.” This achievement comes during the year-long commemoration of 70 years of the “GI Bill,” which established a wide range of benefits for Veterans returning from World War II, including low-cost home loans, education and vocational training.

CONSTRUCTION COMPLETE ON NADEL-DESIGNED AZALEA REGIONAL SHOPPING CENTER

SOUTH GATE, Calif. – October 28, 2014 – (RealEstateRama) — Construction on the Nadel-designed Azalea Regional Shopping Center is now complete, bringing a new 32-acre retail hub to the city of South Gate, California. Located at 4635 Firestone Blvd., and owned by Primestor Development, Inc., the project includes more than 370,000 square feet of retail space and 37 stores. Construction on the site kicked off in September 2012 and was completed in August 2014

Pircher, Nichols & Meeks Hires Scott Schonfeld as New Associate

CHICAGO – October 28, 2014 – (RealEstateRama) — Pircher, Nichols & Meeks, a national real estate law firm with offices in Chicago and Los Angeles, has announced Scott Schonfeld has joined the firm as a new associate in the Chicago office. Prior to joining Pircher, Nichols & Meeks, Schonfeld was a real estate associate at Seyfarth Shaw where he gained experience in acquisitions, dispositions, financings and re-financings, and commercial leasing of various property types located throughout the U.S.

CBRE/NE Debt & Structured Finance Team Arranges $12M Construction Financing for Hyannis Fairfield Inn & Suites

BOSTON – October 28, 2014 – (RealEstateRama) — CBRE/New England’s Debt & Structured Finance team secured construction financing for the Fairfield Inn & Suites by Marriott, located at 867 Iyannough Road (Route 132) in Hyannis, Massachusetts, in the amount of $12 million from Cambridge Savings Bank.

CBRE/New England Announces Four New Partners

BOSTON – October 28, 2014 – (RealEstateRama) — CBRE/New England, a strategic joint venture between Whittier Partners Group, LLC, and CBRE, Inc., the world’s largest commercial real estate services company, is pleased to announce that the following individuals have been selected by the Partners of the firm to join the Partnership effective January 1, 2015: Adam Brinch, Peter Conlin, Nat Heald and Kyle Juszczyszyn

Westwood Financial Corp. Announces Opening of Rally House at Old Town Center in Dallas

DALLAS/LOS ANGELES – October 28, 2014 – (RealEstateRama) — Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the United States, has announced that Rally House has signed a 10-year lease for a 6,203-square-foot location at WFC’s Old Town Shopping Center, located on Greenville Avenue and Lovers Lane, in Dallas, which opened on August 29. The addition of Rally House, a specialty sports boutique, further diversifies the center’s retail offerings. With tenants that include eateries, medical services, fitness centers and home dĂ©cor outlets, the center continues to meet the region’s evolving consumer demographic.

LUCKS APPOINTED TO NATIONAL ASSOCIATION OF REALTORS ADVISORY BOARD

SALISBURY, MD – October 28, 2014 – (RealEstateRama) — Brent Miller, CCIM, CPM, Managing Director of Sperry Van Ness – Miller Commercial Real Estate is proud to announce that Bill Lucks, Managing Broker of the SVN-Miller Lewes office has been invited to serve on the National Association of Realtors (NAR) 2015 Commercial Legislation and Regulatory Advisory Board. “At this point in the commercial real estate business we must carefully examine the rules and regulations to ensure we have the tools necessary to move forward,” said Lucks.

Dominion Real Estate Partners LLC enters partnership with Arizona Property Management Company, Rentals America.

Scottsdale, Arizona – October 28, 2014 – (RealEstateRama) — Dominion Real Estate Partners LLC, one of Arizona’s premier real estate brokerage firms has entered into a partnership agreement with Rentals America. The partnership was formed through Luc Marceau, Owner of Rentals America, and the principles at Dominion Real Estate Partners.

Pending Home Sales Hold Steady in September

WASHINGTON, D.C. – October 27, 2014 – (RealEstateRama) — Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®.

GEORGE SMITH PARTNERS SECURES $95 MILLION IN CONSTRUCTION FINANCING FOR NEW DOWNTOWN SAN DIEGO PENDRY BY MONTAGE HOTELS & RESORTS

SAN DIEGO, Calif. – October 27, 2014 – (RealEstateRama) — Commercial real estate investment banking firm George Smith Partners has successfully arranged $95 million in construction financing for development partners The Robert Green Company and Montage Hotels & Resorts to construct a new 317-room Montage-branded hotel in downtown San Diego’s Gaslamp Quarter, according to George Smith Partners’ Principal Malcolm Davies.

BH Properties Acquires Retail Center in Northern Nevada for $6 Million

SPARKS, Nev./LOS ANGELES – October 24, 2014 – (RealEstateRama) — BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased Los Altos Crossing, a retail center located at Sparks Boulevard and Los Altos Parkway in Sparks, Nevada, for $6 million.

Hanley Investment Group Negotiates the Sale of 128,000 SF of Retail for $29 Million in Los Angeles County

IRVINE, CALIF. – October 22, 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 that the company negotiated the sale of more than 128,000 square feet of retail space in Los Angeles County, Calif., totaling nearly $29 million, with the sale of Sierra Commons in Palmdale and Pacific Plaza in Torrance.

KTGY Receives Firm Mentorship Award from AIA California Council

IRVINE, CALIF. – October 22, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that it was recently awarded the 2014 Academy for Emerging Professionals (AEP) Firm Mentorship Award by the American Institute of Architects California Council (AIACC). The award is the highest recognition given by the AIACC AEP to a firm that has made an extraordinary effort to mentor emerging professionals through the implementation of specific programs.

Existing-Home Sales Rebound in September

WASHINGTON (October 21, 2014) –- October 21, 2014 – (RealEstateRama) — After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the

Realtors® Say QRM Rule Will Provide Clarity in Housing Finance Market, Benefit Consumers

WASHINGTON – October 21, 2014 – (RealEstateRama) — The following is a statement by National Association of Realtors® President Steve Brown: