Saturday, May 4, 2024

Archives

NAI Capital Orange County Office Expands, Again

IRVINE, CA - August 4, 2014 - (RealEstateRama) -- NAI Capital Orange County has expanded their ground floor offices at Main Plaza located at 1920 Main Street in Irvine, CA 92614. The expansion is due to the addition of Chris Arvizu and the Multi-Family Services Group as well as the dramatic growth of their NAI Capital Property Management Services operation.

Realtors® President Joins Housing Experts at White House for FHA’s 80th Anniversary Celebration

WASHINGTON, D.C. - July 23, 2014 - (RealEstateRama) -- The Federal Housing Administration celebrated its 80th anniversary today at the White House with two panel discussions highlighting the past, present, and future of the agency and its impact on homeownership. National Association of Realtors® President Steve Brown joined distinguished speakers on the second panel to emphasize the significance of FHA-backed loans to the real estate market and housing recovery.

Yokohama Tire Corporation Chooses County of San Bernardino For 658,000-SF Western Region Distribution Center

COUNTY OF SAN BERNARDINO, CALIF. - July 23, 2014 - (RealEstateRama) -- Yokohama Tire Corporation (YTC) has chosen the County of San Bernardino for expansion into a larger Western Region Distribution Center. The company has leased a newly-constructed, 658,000-square-foot facility located at 16388 Fern Ave., Building 2 in the city of Chino, which it plans to occupy late this year. Yokohama will distribute its products, including passenger car/truck, commercial truck and OTR (Off-the-Road) tires from the facility. The company is relocating its warehouse operations from its current 380,000-square-foot facility in the city of Fullerton

PCCP, LLC Provides $25.1 Million Senior Loan to PDC Memphis Oaks 3, LLC, a...

New York, NY - July 23, 2014 - (RealEstateRama) -- PCCP, LLC announced today it has provided a $25.1 million senior loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000 square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on leasing efforts on existing and future vacant space

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Orange County Strip Center Sale

GARDEN GROVE, CALIF. - July 23, 2014 - (RealEstateRama) -- CBRE Senior Vice President Philip D. Voorhees announced today that he, Brad Rable and their National Retail Investment Group – West (NRIG-West) team completed the sale of Garden Grove Festival Square, a 35,515-square-foot strip center in the City of Garden Grove, Calif., leased to a synergistic mix of regional and local tenants including Popular Community Bank, Woori American Bank and United Dental Group. The sale price was $11.9 million, representing a 5.59% cap rate.

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Maywood Convenience Strip Center Sale

MAYWOOD, CALIF. - July 21, 2014 – (RealEstateRama) — CBRE Senior Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and the National Retail Investment Group – West (NRIG-West) team, along with CBRE’s Managing Director, Richard Rizika, completed the sale of Maywood Village Square, a 48,324-square-foot convenience strip center. The property, located at 4401-4487 Slauson Avenue in the city of Maywood, Calif., is anchored by O’Reilly Auto Parts, Subway, US Bank, Yoshinoya, Western Dental Services and a new Fitness 19 health club, which will occupy nearly 9,000 square feet of the property. The sale price was $11.53 million. The property was approximately 94% occupied at the time of sale.

Eastern Union Funding Doubles Production Year-Over-Year

NEW YORK, - July 1, 2014 - (RealEstateRama) -- Eastern Union Funding, one of the largest national private mortgage brokerage companies, has posted over $1.5 billion in sales volume for the first half of the year – which is double that of 2013 – and is on target to break $3 billion in sales volume by year-end

NAREE’s 64th Annual Real Estate Journalism Award Winners Announced

HOUSTON - June 17, 2014 - (RealEstateRama) -- The National Association of Real Estate Editors (NAREE) today announced the winners of its 64th Annual Journalism Awards, recognizing excellence in reporting, writing and editing stories about residential and commercial real estate

Realtors® Back HUD and OMB Nominees Julian Castro and Shaun Donovan

WASHINGTON, D.C. - May 28, 2014 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown:

Avison Young completes $5.57-million lease renewal with Catalina Bar & Grill in Hollywood, CA

Los Angeles, CA - May 27, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed a 15-year lease with Catalina Bar & Grill, a dining and entertainment venue in the heart of Hollywood featuring some of the area’s most talented Jazz musicians. Valued at $5.57 million, the lease totaled just under 9,000 square feet (sf)

Led By Multifamily, Improvement Seen in All Commercial Real Estate Sectors

WASHINGTON, D.C. - May 27, 2014 - (RealEstateRama) -- The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors

Transportation, Trade and Technology Issues Top of Mind at Nation’s Only Conference for Industrial...

WASHINGTON, D.C. - May 22, 2014 - (RealEstateRama) -- As changes in consumer demand continue to spark global interest in industrial real estate, nearly 500 commercial real estate executives from across North America will gather at I.CON: The Industrial Conference, June 5-6, 2014, at the Hyatt Regency Jersey City, New Jersey, to address investment strategies, analyze emerging market opportunities and assess the impact of transportation, trade and technology (among other elements) on the booming industrial real estate sector.

Realtors® Declare Confidence in Commercial Market

WASHINGTON - May 16, 2014 - (RealEstateRama) -- Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.

Realtor.com® Gives Buyers, Sellers and Agents What They Want

WASHINGTON - May 16, 2014 - (RealEstateRama) -- New enhancements to residential listing site realtor.com® are giving consumers the features they want and ensuring that they can continue to rely on the site for the freshest and most comprehensive property listings. That was the message delivered today by Steve Berkowitz, CEO of Move Inc., operator of NAR’s official property listing website realtor.com®, during the Realtor® Party Convention & Trade Expo.

Avison Young completes $7.15-million office building sale in Corona, CA

Irvine, CA - April 29, 2014 - (RealEstateRama) -- Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed the $7.15-million sale of a class A office building totaling 58,854 square feet (sf) in Corona, CA.

Unionization of more than 1,200 security officers– largest private-sector organizing win in New Jersey...

Newark, NJ - April 9, 2014 - (RealEstateRama) -- Private security officers in New Jersey have won a historic, 3.5 year industry-wide contract improving wages and benefits for over 1,200 security officers who protect commercial office buildings in Essex, Hudson and Union Counties, including the cities of Newark and Jersey City. The first-ever union contract between New Jersey’s top private security contractors and 32BJ of Service Employees International Union is the result of one of the largest unionization drives occurring in New Jersey in recent memory. The contract will be effective in April and is expected to be ratified by the workers on April 12. Most officers will see a minimum wage increase from $9 to $11 over the life of the contract and all security officers will receive nearly two dollars an hour in raises by the end of the contract.

Vacation Home Sales Surge in 2013, Investment Property Declines

WASHINGTON, D.C. - April 3, 2014 - (RealEstateRama) -- Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®.

Commercial Property Transaction Volume on Course to Reach a Ten-Year High by 2016, Says...

WASHINGTON, D.C. - April 2, 2014 - (RealEstateRama) -- A new U.S. real estate forecast based on a survey of 39 of the industry’s leading economists and analysts predicts that commercial property transaction volume will reach $430 billion by 2016, exceeding the volume of 2006. The latest multi-year outlook (covering 2014 through 2016) from the Urban Land Institute (ULI) and EY projects steady growth for the U.S. economy; sustained strength from real estate capital markets; and continued improvement in both commercial real estate fundamentals and the housing sector

Commercial Real Estate Outlook Positive but Moderating

WASHINGTON, D.C. - March 3, 2014 - (RealEstateRama) -- Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.

Commercial Real Estate Outlook Positive but Moderating

WASHINGTON - February 28, 2014 - (RealEstateRama) -- Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.