Property, Rentals, Transactions

CBRE ARRANGES SALE OF NEW CONSTRUCTION DORAL INDUSTRIAL FACILITY

Miami, FL – October 1, 2014 – (RealEstateRama) — CBRE arranged the sale of a 32,000-square-foot new construction warehouse at 2132 NW 114th Ave. in Doral, FL. The free-standing property located in Dolphin Commerce Center, was acquired by EdgeConneX, a new-to-market firm, from a private developer, PFR Investments LLC .

RE/MAX Expands Digital Marketing Capabilities

DENVER – October 1, 2014 – (RealEstateRama) — RE/MAX, LLC will significantly expand the digital marketing content it provides its 75,000-plus agents in the U.S. and Canada. The Premium Services package provided by Imprev is now available at no additional cost to agents using the award-winning RE/MAX Design Center, a web-based marketing tool.

LUCESCU REALTY Announces Financing of Huntington Oaks Center in Monrovia (Los Angeles), California for $71 Million

NEWPORT BEACH, CALIF. – October 1, 2014 – (RealEstateRama) — Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the financing of Huntington Oaks Shopping Center in the City of Monrovia (Los Angeles), California, for $71.0 million. LUCESCU REALTY exclusively represented the interests of the borrower, Huntington Oaks Delaware Partners, LLC and procured the lender, Bank of America, N.A. The financing package included a $60.5 million senior mortgage and a $10.5 million mezzanine loan; that together replaced a $51 million mortgage from Wachovia Bank.

RE/MAX Training Program Recognized for Custom Content

DENVER – September 30, 2014 – (RealEstateRama) — The RE/MAX training platform, RE/MAX University (RU), has been recognized by the Brandon Hall Excellence Awards for its eLearning track “Diving Into Distressed Properties.” The track received a Bronze Medal in the Best Custom Content category, making RE/MAX the only real estate company to be recognized by the Brandon Hall Group

Real Estate Agent and Marketing Specialist, Kathy Toth and Team, Recognized as One of the United States’ and Canada’s Top 500 Marketing Experts by the National Association of Expert Advisors.

WASHINGTON, D.C. – September 30, 2014 – (RealEstateRama) — North America’s top association for real estate professionals to honor Kathy Toth and Team with award at the 2014 installment of its annual Exponential Growth Summit to be held in Dallas in late October

APARTMENT ASSOCIATION OF GREATER LOS ANGELES HOSTS EMERGENCY DISASTER PREP TRADE SHOW

WASHINGTON, D.C. – September 29, 2014 – (RealEstateRama) — The Apartment Association of Greater Los Angeles (AAGLA) will host its annual trade show, “Shake Rattle and Roll, Emergency Disaster Prep,” with a focus on emergency disaster preparedness on Thursday, Oct. 9, from 9 a.m. to 3 p.m., at The Proud Bird restaurant located at 11022 Aviation Blvd.

LUCESCU REALTY Announces Sale of Shopping Center Portfolio in Utah for $226 Million

NEWPORT BEACH, CALIF. – September 29, 2014 – (RealEstateRama) — Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the sale of three retail shopping centers in Utah for a total consideration of $225.6 million. The properties that were part of the sale included The Family Center at Fort Union in Midvale, UT; The Family Center at Taylorsville in Taylorsville, UT; and The Family Center at Orem in Orem, UT.

CBRE HOTELS ARRANGES SALE OF WORLD-RENOWNED FAIRMONT ROYAL PAVILION IN BARBADOS

Miami, FL – September 26, 2014 – (RealEstateRama) — CBRE Hotels arranged the sale of The Fairmont Royal Pavilion beachfront resort in Barbados, a world-renowned, year-round tourism destination with a reputation for friendliness. London & Regional acquired the property from Ivanhoe Cambridge. CBRE represented the seller.

NAI Capital Represents Buyer in Multiple Purchases Totaling $22.4 Million

WALGREENS – September 26, 2014 – (RealEstateRama) — Rod Delson, Senior Vice President with NAI Capital’s Westlake Village office, represented the Buyer, Los Angeles Car Wash Corporation, with two more recent purchases rounding out a total of four purchases for his client in the last three months. Delson, who sold the client’s Los Angeles Car Wash back in July, made such an impact with that sale in downtown L.A., the story on the sale ended up on the front page of the L.A. Times. In the meantime, he has been working diligently to help his client successfully reinvest the earning, thus, completing the fulfillment of his 1031 Exchange

CORAL GABLES OFFICE MARKET REBOUNDS IN 2014

Miami, FL – September 25, 2014 – (RealEstateRama) — The Coral Gables office submarket is leading the way in terms of office market absorption, according to preliminary statistics by CBRE. Tenants took down approximately 180,000 square feet of office space in Coral Gables during the first three quarters of 2014, more than any other submarket by a wide margin. Airport/Doral, the next busiest submarket, saw approximately 140,000 square feet of space absorbed. The Brickell submarket experienced year-to-date absorption of approximately 126,000 square feet. As a result, vacancy in Coral Gables dropped to 13.3% during Q3 2014, its lowest point since 2010, according to preliminary statistics from CBRE

New-Home Sales Top 500,000 in August, Highest Level Since 2008

WASHINGTON, D.C. – September 25, 2014 – (RealEstateRama) — Sales of newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau

Triple-Award Winning Osborn Building in Glendale Sells for $4.1 Million

GLENDALE, CA – September 24, 2014 – (RealEstateRama) – Shari Baner with NAI Capital’s Encino office represented the Seller, Osborn Family Trust, in the sale of an 8,762 sq. ft. Osborn Office Building located at 320 East Harvard Street in Glendale, CA to the Buyer, 320 Harvard LLC. The outside brokerage was represented by the Prospect Group and the value of the sales transaction was $4.1 Million

Pircher, Nichols & Meeks Announces Hire of Ruth A. Schoenmeyer As Of Counsel

CHICAGO – September 24, 2014 – (RealEstateRama) – Pircher, Nichols & Meeks, a national real estate law firm with offices in Chicago and Los Angeles, announced Ruth A. Schoenmeyer has joined the firm as of counsel in the Chicago office. Schoenmeyer’s practice will be focused on retail leasing.

KTGY Earns Recognition for Design Excellence & Innovation in SoCal Awards

IRVINE, CALIF. – September 24, 2014 – (RealEstateRama) – KTGY Group, Inc., Architecture + Planning is pleased to announce that KTGY’s wide range of capabilities in single-family detached and multifamily for-sale architectural designs have been recognized by the 2014 SoCal Awards judges. The firm has earned a total of nine Finalist honors for the architectural design of Liberty at Morning Star, Camden at Playa Vista, The Heights at Baker Ranch and Skylar at Playa Vista. The SoCal Awards program honors the best in professional achievement, sales, marketing and design throughout the Southern California home building industry

KTGY-designed High-End, Mixed-use Student Housing Community Opens at WesternU

IRVINE, CALIF. – September 24, 2014 – (RealEstateRama) – Award-winning national architecture and planning firm KTGY Group, Inc. and student housing developer, Hanover Pacific, LLC, announce the opening of the Daumier at Western University of Health Sciences, a $45-million 173,000-square-foot urban mixed-use graduate student housing community. Located on 3.6 acres adjacent to the WesternU campus in Pomona, Calif

CBRE TAPPED TO MARKET WEST PALM APARTMENT COMMUNITY

West Palm Beach, FL – September 23, 2014 – (RealEstateRama) — CBRE has been engaged to market a 202-unit apartment community with resort-style amenities in West Palm Beach, FL. Spanning 11.6 acres at 2111 Brandywine Road, Village Place offers an opportunity to acquire a top-performing, fully stabilized asset with value-add potential

ConsensusDocs Releases Two New Packages Tailored to Project Owners

WASHINGTON – September 23, 2014 – (RealEstateRama) — ConsensusDocs announces two new subscription packages created specifically for owners. Owners have a unique role in the design and construction industry, and ConsensusDocs wants to ensure owners have access to standard contracts that address their contracting needs

Gebroe-Hammer Associates Completes 13 Multi-family Investment Sales in July and August

LIVINGSTON, N.J.- September 22, 2014 – (RealEstateRama) — Predictions that multi-family investment sales would continue to soar in the second half of 2014 are holding true based on early returns. Disproving the axiom that the summer months are “slow” for business, Gebroe-Hammer Associates completed 13 multi-family investment sales in July and August, totaling 2,180 units valued at $117.2 million.

Existing-Home Sales Slightly Lose Momentum in August as Investor Activity Declines

WASHINGTON, D.C. – September 22, 2014 – (RealEstateRama) — After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of Realtors®. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West.

CT REIA Workshop with Zack Childress – Wholesaling in Today’s Market

WASHINGTON, D.C. – September 22, 2014 – (RealEstateRama) — Want to learn to Wholesale Properties for massive amounts of cash and learn new strategies that WORK in today’s markets?