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  • New York Observer - Infant Wear Store Signs For Tribeca Storefront
    8/20/2014 @ 4:00 PM - 104 Franklin Street. Infant clothing designer and manufacturer  Egg by Susan Lazar moved into a retail storefront at 104 Franklin Street in Tribeca at the start of the month through an 11-year, 2,200-square-foot lease, Commercial Observer has learned. The space formerly occupied by the sales office of a nearby residential property that...
  • Gothamist - Video Points To NYPD Cover-Up After Cop Fatally Ran Over Pedestrian
    8/20/2014 @ 3:52 PM - Newly released video from NYC Housing Authority security cameras in Queensbridge appears to show that the NYPD is lying about a fatal crash that killed a Japanese student last year and may have tried to cover-up the incident by discarding further video evidence. Although the NYPD has refused to release any video—which they previously claimed shows the...
  • The Real Deal - Judge tosses suit from opponents of Willets Point deal
    8/20/2014 @ 3:40 PM - Willets Point rendering (Inset: Sterling Equities’ Fred Wilpon and Related Companies’ Jeff Blau) A New York state Supreme Court judge rejected a lawsuit this week from opponents of the Willets Point mega-mall redevelopment who claimed that it violated state law. A community group on behalf of local Queens property owners argued that Mayor Bill de...
  • designboom - construction on new whitney museum by renzo piano nears completion
    8/20/2014 @ 3:31 PM - approaching its planned opening date in the spring of 2015, the building has taken full form, in a stepped motion adjacent to the highline's southern entrance in new york city. The post construction on new whitney museum by renzo piano nears completion appeared first on designboom | architecture & design magazine .
  • Quartz - Stunning aerial photos of US beaches reveal secret social patterns
    8/20/2014 @ 3:30 PM - When he’s hanging off the side of a helicopter that’s hovering 300 feet above a beach, Antoine Rose doesn’t always fully see what he’s shooting. Sometimes the Belgian-born photographer notices only later that the beach was a nude beach, for instance. But patterns emerge from his photos, offering totally unexpected views of familiar scenes. In the shots here, which are all part of Rose’s ongoing...
  • Reuters - UPDATE 1-Pimco NYC office tackles 'isolated' insect issue, fumigates
    8/20/2014 @ 3:21 PM - NEW YORK, Aug 20 (Reuters) - Pimco's New York office is addressing an "isolated issue with insects" and as a precautionary measure, the company is fumigating certain areas of the office space, a...
  • The Real Deal - Outer edges of outer boroughs to see lion's share of new rentals: report
    8/20/2014 @ 3:19 PM - The frustrating search for a cheap New York City apartment is spurring rental developments beyond the city's “core” neighborhoods, according to a report that for the first time puts a number on where exactly the new apartments will be located. The answer? There'll be some in Manhattan, a bit in Queens and a lot in Brooklyn, according to data...
  • Curbed - Bygone Eras: Become Saddened by These Photos of the 1980s East Village
    8/20/2014 @ 3:15 PM - [Looking north on 3rd Avenue at East 13th Street/John Fensten] EV Grieve reader Susan Fensten shared some photos of the East Village that she and her father John took in the 1980s . They do a good job of showing how much more charming the neighborhood was before Ben Shaoul got his grubby little...
  • Business Insider - Wild Hong Kong Concept Tower Would Have Its Own Fish Farms And Rice Paddies
    8/20/2014 @ 3:15 PM - In a bold attempt to create a building that contains practically everything humans could need to survive, architects at Studio Cachoua Torres Camilletti designed a multi-multi-purpose skyscraper for Hong Kong. Called 'Rice Terraces,' the design is an effort to meld agricultural space and big cities. It features two uniquely shaped towers connected by braces, trusses...
  • The Atlantic - Defend Your Transit System With City-Specific Water Bottles
    8/20/2014 @ 3:10 PM - Liberty Bottleworks The [Boston] T is so much better than the [D.C.] Metro,” my best friend always argues. The T is slow and dirty,” I counter. At least the Metro has benches at every station to sit on.” We’re all guilty of engaging in one of these petty, drawn out arguments...
  • New York Observer - HAP Applies for Washington Heights Demo Permit
    8/20/2014 @ 3:01 PM - 4452 Broadway. (HAP Investment Developers) HAP Investment Developers has filed an application for a demolition permit at 4452 Broadway at the southeast corner of Fairview Avenue and Broadway in Washington Heights, according to Department of Buildings records. HAP purchased the 24,280-square-foot lot along with neighboring 4454 Broadway in...
  • Brownstoner - Building of the Day: 315 Washington Avenue
    8/20/2014 @ 3:01 PM - Brooklyn, one building at a time. Name: Free-standing brick house Address: 315 Washington Avenue Cross Streets: DeKalb and Lafayette Avenues... Read More… Read More
  • Multi-Housing News - TODAY’S DEALS: Omninet Capital Buys Value-Add Portfolio in Tucson
    8/20/2014 @ 3:00 PM - Summit Ridge Tucson, Ariz.-Omninet Capital has acquired a 1,166-unit portfolio in Tucson from Gaines Investment Trust. The transaction marks the buyer's entry into Tucson. Both firms are based in California. The Greater Phoenix office of Colliers International brokered the $34.7 million sale on behalf of Gaines. Omninet was self represented. All assets were built netween 1973 and...
  • Curbed - Brooklyn Blockbusters: Here Now, the 15 Most Expensive Homes for Sale in Brooklyn
    8/20/2014 @ 2:56 PM - Manhattan is so filled with expensive homes , that a $25 million condo doesn't even seem like that big of a deal anymore. But in Brooklyn, things are slightly different. The most expensive home that has ever sold in the borough was the 70 Willow Street , a historic Brooklyn Heights where Truman Capote once lived...
  • The Street - Stock Market Today: Stocks Are Flat Following More Hawkish Fed Minutes
    8/20/2014 @ 2:54 PM - NEW YORK (TheStreet) -- U.S. stock indices traded near the flat line Wednesday afternoon after minutes of the Federal Reserve's latest meeting were more hawkish than expected. The Dow Jones Industrial Average ticked up 0.23% to 16,959.12. The S&P 500arose 0.13% to 1,984.20, and the Nasdaqafella0.04% to 4,525.35. Read More: 5 Signs It's Time to Buy a Home The latest...
  • The Real Deal - Midtown contiguous office vacancies top recession levels
    8/20/2014 @ 2:52 PM - Michael Cohen and Time & Life building The number of Midtown Manhattan buildings with contiguous office space vacancies has surpassed that at the peak of the 2009 recession, according to Savills Studley data. Thirty-five blocks of more than 150,000 square feet of contiguous Midtown space were on the market by late June. Five years ago, there were...
  • The Real Deal - City Council OKs Queens project with $10-a-year artist space
    8/20/2014 @ 2:31 PM - 176 Woodward Avenue in Queens, and Martin Nussbaum The City Council approved Slate Property Group's plan yesterday to construct a mixed-use building in Ridgewood, Queens where artists would be charged $10 per year to rent part of a 3,000-square-foot community space. Slate Property Group, led by Martin Nussbaum and David Schwartz, agreed to designate 50 percent...
  • CP Executive - Office Leasing and Airline Reservations
    8/20/2014 @ 2:27 PM - By Manuel Fishman, RE Attorney, Buchalter Nemer I have been doing a lot of flying recently.  So I thought I would address a question I usually get asked: “Why are office leases so long, even for a short-term lease?” Companies usually equate a long lease with high legal fees, figuring that if a lease is 50 pages or so, some lawyer...
  • GlobeSt.com: New York - Cassidy Turley May Have New Owner
    8/20/2014 @ 2:25 PM - NEW YORK CITY--The firm is reportedly in talks to be taken over by TPG Capital while Governor Cuomo has issued a subpoena to a multifamily property owner on claims of tenant harassment in today's latest news.
  • Brokers Weekly - SrokaWorldwide shows off Bahamas development
    8/20/2014 @ 2:19 PM - ◄ Back Next ► Picture 1 of 6 Anita Klemptner (Saunders Real Estate), Jeanine Edington (DE), Robin Schiff, Rich Rawdin (Saunders), Cynthia Beck (DE) and Elise Douglas (Corcoran) Douglas Elliman’s SrokaWorldwide Team chose a Thursday evening cocktail party at Red Stixs Restaurant in Water Mill, to introduce their new development The...
  • Zillow - Money-Saving Tip: Live Near a Fire Station
    8/20/2014 @ 2:19 PM - Source: Paul Sullivan via Flickr Creative Commons No buyers ever start their home search at a fire department, but perhaps they should. Why? Because having a highly rated fire department nearby can substantially reduce how much you’ll pay for home insurance, and every dollar you don’t put into your policy is a dollar you...
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  • Reuters - BofA in $16.5 bln deal with U.S. over mortgage bonds -source
    8/20/2014 @ 3:34 PM - WASHINGTON, Aug 20 (Reuters) - Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the...
  • New York Observer - HAP Applies for Washington Heights Demo Permit
    8/20/2014 @ 3:01 PM - 4452 Broadway. (HAP Investment Developers) HAP Investment Developers has filed an application for a demolition permit at 4452 Broadway at the southeast corner of Fairview Avenue and Broadway in Washington Heights, according to Department of Buildings records. HAP purchased the 24,280-square-foot lot along with neighboring 4454 Broadway in...
  • Brownstoner - Building of the Day: 315 Washington Avenue
    8/20/2014 @ 3:01 PM - Brooklyn, one building at a time. Name: Free-standing brick house Address: 315 Washington Avenue Cross Streets: DeKalb and Lafayette Avenues... Read More… Read More
  • Curbed - Brooklyn Blockbusters: Here Now, the 15 Most Expensive Homes for Sale in Brooklyn
    8/20/2014 @ 2:56 PM - Manhattan is so filled with expensive homes , that a $25 million condo doesn't even seem like that big of a deal anymore. But in Brooklyn, things are slightly different. The most expensive home that has ever sold in the borough was the 70 Willow Street , a historic Brooklyn Heights where Truman Capote once lived...
  • Real Trends - July Housing Sales and Prices Up
    8/20/2014 @ 1:03 PM - Unit sales were up slightly from a year ago as were prices, but both continue the recent trend of low single digit increases. Written by Steve Murray, publisher Absent dramatic easing of underwriting standards, a significant increase in employment or a lowering of mortgage rates, it is likely that we will...
  • Brokers Weekly - Home building boom drives 1M s/f in NJ industrial leases
    8/20/2014 @ 12:45 PM - CBRE Group Inc. announced the completion of two industrial lease transactions for Home Depot and Ferguson Enterprises, which rank as the third and fourth largest industrial transactions, respectively, in the past three quarters. The CBRE team of Mindy Lissner and William Waxman, executive vice presidents, led each transaction team. MINDY LISSNER “As...
  • The Real Deal - Real estate investors look to northern NJ
    8/20/2014 @ 12:30 PM - From left: JPMorgan Chase CEO Jamie Dimon, 575 Washington Boulevard in Jersey City and Curling Club Apartments in Hoboken Accelerating property prices in Manhattan and Brooklyn are leading institutional investors to scoop up property in Northern New Jersey, according to Massey Knakal Realty Services. A lot of institutional capital, especially in New York, is chasing...
  • The Atlantic - What Paul Ryan Won't Say About Ferguson
    8/20/2014 @ 12:19 PM - Rep. Paul Ryan (R-WI) speaks at SALT, the hedge fund industry's biggest annual event, in May. (Paul Rilking/Reuters) The Democratic and Republican parties have something in common when it comes to Ferguson: Neither party's leaders wants to get involved. President Barack Obama's comments on Monday about the death of Michael Brown and...
  • ArchDaily - Happy Birthdays, Eliel & Eero Saarinen!
    8/20/2014 @ 12:00 PM - Perhaps the most famous father-son duo in the architectural world,  Eliel  and  Eero Saarinen  share more than just a last name. The two designers both left profound influences upon the cities where they did their work, both were awarded AIA Gold Medals, and, rather uncannily, both share the very same date of birth. But, when it comes to their...
  • Quartz - Your next bellhop could be a robot named Botlr”
    8/20/2014 @ 11:58 AM - Tap to expand image I don’t need your tip. Starwood Today is the first day on the job for Starwood Hotels’s robotic butler, which helps shuttle things like toilet paper and toothpaste to guests’ rooms. Botlr,” as the bow-tied robot is called, is on trial at the Aloft Cupertino hotel in Silicon Valley (go figure). The robot uses...
  • AOL Real Estate - Bank of America Reaches Record Mortgage Settlement With U.S.
    8/20/2014 @ 11:40 AM - Filed under: News , Economy , Financing , Foreclosures The Associated Press Bank of America reportedly will pay $10 billion in cash and provide consumer relief valued at $7 billion in the settlement. By Jeff Horwitz and Michael Virtanen WASHINGTON -- Bank of America has reached a...
  • CP Executive - Lee & Associates Makes Ohio Debut with New Cleveland Office
    8/20/2014 @ 11:25 AM - Jeremy Steiger By Barbra Murray, Contributing Editor Commercial real estate services firm Lee & Associates, taking another step in its aggressive growth strategy, has established a footprint in Ohio with the opening of a new office in Cleveland. Expect it to expand from there. “Our expansion effort is focused on key markets, but requires the leadership...
  • Daily Finance - Bank of America's $17 Billion Settlement Won't Cost It $17 Billion
    8/20/2014 @ 11:14 AM - Filed under: Bank of America , Banking , U.S. Government , Investment Fraud , Scandals and Lawsuits George Sheldon/Alamy By JEFF HORWITZ WASHINGTON -- How much will Bank of America's ( BAC ) expected $17 billion mortgage settlement cost the company? The answer is,...
  • The Atlantic - Mapping America's New Economy in Construction Permits
    8/20/2014 @ 11:01 AM - Reuters/Lucy Nicholson Here’s a map of America’s new economic geography as seen through construction permits from our friends at Trulia . It shows 2014 construction permits compared to their historical norms. Construction permits are a leading indicator of where growth is occurring and will continue to occur. Permits are...
  • Remodelista - Best Professionally Designed Bedroom: Hyde Evans Design
    8/20/2014 @ 11:00 AM - The winner of the Remodelista Considered Design Awards Best Professionally Designed Bedroom Space is Hyde Evans Design of Seattle. The firm's project was chosen as a finalist by Remodelista editor in chief Julie Carlson, who said, "This aerie corner retreat overlooking the sea manages to channel a nautical vibe without veering into twee territory; I like the...
  • Brokers Weekly - Selling Points: HK, Massey Knakal, Epic
    8/20/2014 @ 10:51 AM - ? HK organization Sweet asset fetches $68M In Partnership with Brickman, a real estate private equity firm, HK Organization in affiliation with Jo-Ann Obergfell, has purchased 275 Park Avenue in Clinton Hill, Brooklyn. The purchase price was $68,000,000. The property, known as The Chocolate Factory, consists of seven contiguous buildings and features 123 loft apartments, ground-floor retail and parking....
  • The Atlantic - Want to See How Fast Coastal Wetlands and Forests Are Vanishing?
    8/20/2014 @ 10:13 AM - Coastal wetlands are being lost to development. ((MIRA OBERMAN/AFP/Getty Images)) Buildings, pavement, golf courses, and other development are taking big bites out of America's coastal wetlands and forests, and now new federal data is charting just how much is being lost. Between 1996 and 2011, total coastal forest cover dropped by...
  • Brokers Weekly - Cloud control takes Onyx into four new markets
    8/20/2014 @ 9:56 AM - Onyx Equities has strategically expanded its  commercial real estate receivership and REO services platform into four new markets: Washington, D.C., Maryland, Virginia and Delaware. The New Jersey-based firm, which has earned aeputation for successfully managing and/or leasing defaulted commercial real estate assets on behalf of banks, loan servicers, courts and financial institutions, has implemented a  cloud-based tenant communications and...
  • Realty Biz News - The Purpose of Commercial Real Estate is to Service Society
    8/20/2014 @ 9:34 AM - When you consider the future of commercial real estate, what is your number one consideration? It should be the direction that society is going in. From manufacturing to warehousing to retail to apartment buildings, commercial real estate is all about servicing society. Manufacturers that don’t keep up with technology won’t be able to produce customized products in mere days....
  • Property Wire - US property cash sales now at lowest since 2010, latest data shows
    8/20/2014 @ 9:32 AM - Cash sales made up 34.4% of total home sales in the United States in May 2014, the lowest share since May 2010, the latest data shows. The figures from real estate company Core Logic, also show that the number of cash sales are down from 37.4% from the same month a year ago. However, the firm pointed out...
  • The Atlantic - This Is How Fragile Peace Is in Ferguson
    8/20/2014 @ 9:18 AM - Demonstrators protesting the shooting death of Michael Brown walk down the street on Aug. 18 in Ferguson. (Joe Raedle/Getty Images) One water bottle was all it took. Protests in Ferguson, Mo., were peaceful Tuesday as night began to fall, offering a reprieve from nearly 10 straight days of unrest since the fatal...
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  • Quartz - Stunning aerial photos of US beaches reveal secret social patterns
    8/20/2014 @ 3:30 PM - When he’s hanging off the side of a helicopter that’s hovering 300 feet above a beach, Antoine Rose doesn’t always fully see what he’s shooting. Sometimes the Belgian-born photographer notices only later that the beach was a nude beach, for instance. But patterns emerge from his photos, offering totally unexpected views of familiar scenes. In the shots here, which are all part of Rose’s ongoing...
  • Haute Residence - The Related Group and Terra Group Present ‘Park Grove,’ a One-of-a-Kind Residential by the Bay
    8/20/2014 @ 1:50 PM - Two of Miami’s most prominent real estate firms- Terra Group and The Related Group -have teamed up to create a one-of-a-kind residential along Coconut Grove’s spectacular bayfront: Park Grove . Located directly across from Biscayne Bay, the development-which will house 298 units within three residential towers-will stand at a site that has long been...
  • The Atlantic - What Paul Ryan Won't Say About Ferguson
    8/20/2014 @ 12:19 PM - Rep. Paul Ryan (R-WI) speaks at SALT, the hedge fund industry's biggest annual event, in May. (Paul Rilking/Reuters) The Democratic and Republican parties have something in common when it comes to Ferguson: Neither party's leaders wants to get involved. President Barack Obama's comments on Monday about the death of Michael Brown and...
  • Rent.com Blog - Dog-Friendly Indianapolis
    8/20/2014 @ 12:00 PM - So now that you have found your dog-friendly apartment in Indianapolis , it's time the two of you took on the town. One of the best ways to make new friends (who share your love of animals) is through dog-related activities. Here are a few of Rent.com's favorites: Humane Society of Indianapolis Dog Park ...
  • CP Executive - Lee & Associates Makes Ohio Debut with New Cleveland Office
    8/20/2014 @ 11:25 AM - Jeremy Steiger By Barbra Murray, Contributing Editor Commercial real estate services firm Lee & Associates, taking another step in its aggressive growth strategy, has established a footprint in Ohio with the opening of a new office in Cleveland. Expect it to expand from there. “Our expansion effort is focused on key markets, but requires the leadership...
  • World Property Channel - Miami's SLS Lux Brickell Signs $300 Million in New Condo Sales in Ten Days
    8/20/2014 @ 10:34 AM - August is proving to be a good month for Miami-based The Related Group. The company just announced this week that they have hit sales of over $300 million at SLS Lux Brickell, as reservations successfully convert to contracts throughout August at a record pace--150 in ten days. SLS Miami pool terrace The...
  • AOL Real Estate - Where $1 Million Buys the Most and Least Real Estate in U.S.
    8/20/2014 @ 10:33 AM - Filed under: News , Buying , Selling By Camille Salama A million bucks certainly doesn't get you what it used to. While there are more million-dollar homes than ever before, $1 million buys you a lot less home these days than it did in the past. As ...
  • The Atlantic - Want to See How Fast Coastal Wetlands and Forests Are Vanishing?
    8/20/2014 @ 10:13 AM - Coastal wetlands are being lost to development. ((MIRA OBERMAN/AFP/Getty Images)) Buildings, pavement, golf courses, and other development are taking big bites out of America's coastal wetlands and forests, and now new federal data is charting just how much is being lost. Between 1996 and 2011, total coastal forest cover dropped by...
  • Realty Biz News - Miami Real Estate Market Still Being Boosted by Demand at Home and Abroad
    8/20/2014 @ 9:38 AM - According to the latest report from the Miami Association of Realtors, demand for real estate is still strong. The data shows this is particularly true for single-family homes costing between $200,000 and $400,000. The median sales price for a property in Miami-Dade County increased by 8.9% compared to 2013, rising to $245,000. The median sales price for condominiums increased...
  • Property Wire - US property cash sales now at lowest since 2010, latest data shows
    8/20/2014 @ 9:32 AM - Cash sales made up 34.4% of total home sales in the United States in May 2014, the lowest share since May 2010, the latest data shows. The figures from real estate company Core Logic, also show that the number of cash sales are down from 37.4% from the same month a year ago. However, the firm pointed out...
  • Orlando Sentinel - 08/21: Progressions
    8/20/2014 @ 9:25 AM - Jeff Muzzin was appointed technical manager, Celeste Hanson was appointed senior project coordinator and Jose Bonilla was appointed project coordinator 1 at Cuhaci & Peterson Architects Engineers Planners, Orlando.
  • World Property Channel - Multifamily Investor Demand Spikes in Q2, Outperforms All Property Categories in U.S.
    8/20/2014 @ 9:04 AM - According to CBRE, national multifamily demand in the U.S. continued to gain momentum as a combination of improving job growth and more households shifting from owning to renting boosted net absorption in Q2 2014. Led by markets in the South and West, net absorption grew by an annual rate of 276,200 units, or 1.9%, on a year-over-year basis....
  • ArchDaily - Florida Polytechnic Sciencie, Innovation and Technology Campus / Santiago Calatrava
    8/19/2014 @ 8:01 PM - Architects: Santiago Calatrava Location: Lakeland, FL, USA Architect Of Record: Alfonso Architects Year: 2014 Photographs: Courtesy of Santiago Calatrava Structural Engineer: Thornton Tomasetti...
  • The Real Deal - New York remains a mecca for all-cash home purchases
    8/19/2014 @ 6:10 PM - U.S. home sales: cash and institutional investors New York state had the third highest ratio of all-cash home purchases in the second quarter of 2014. With 48.8 percent of transactions closing in cash, the Empire State came in just behind Michigan and slightly ahead of Nevada, according to RealtyTrac report cited by the Atlantic's CityLab. Florida...
  • Quartz - Bank of America’s highest paid executive looks one step closer to running the firm
    8/19/2014 @ 6:01 PM - He’s the Wall Street honcho eyeing Brian Moynihan’s CEO suite. Thomas Montag, a 57-year-old former Goldman Sachs partner, is set to be named the sole chief operating officer at Bank of America,  Bloomberg reported today . Montag had shared the COO title since 2011 with David Darnell, who is relocating to Florida and will become a vice chairman, overseeing the bank’s global...
  • The Real Deal - Download The Real Deal's free mobile app
    8/19/2014 @ 5:51 PM - The Real Deal' s newly-updated mobile app, available in the iTunes store and through Google Play, offers a sleek, on-the-go experience featuring all stories from  TheRealDeal.com . Small, aesthetic changes make it easier to view posts and navigate the app. Swipe to the left or right to flip from story to story, and tap “New York” or “Florida” to navigate...
  • FrontDoor: Cool Houses - Four Seasons Sky Mansion in Miami
    8/19/2014 @ 5:10 PM - Located in the tallest building in the state of Florida, this luxury condo is currently the most expensive residence on the market in downtown.
  • Variety - In Other Celebrity Real Estate News: Streep, Rodriguez, Bieber, Steel, Douglas and Zeta-Jones
    8/19/2014 @ 5:02 PM - Meryl Streep Sells to Alex Rodriguez As first revealed in “Page Six” of “The Post,” beleaguered (and suspended) major leaguer Alex Rodriguez coughed up $4.8 for a contemporary residence above L.A.'s Sunset Strip sold by the ever-so deliciously faux-humble Meryl Streep. The Yankee also owns a Miami Beach (FL) condo he bought for $2.1 million... Read more »
  • Zillow - Million-Dollar Homes Are Shrinking in Nearly Two-Thirds of Major Metros
    8/19/2014 @ 12:22 PM - A million bucks certainly doesn’t get you what it used to. While there are more million-dollar homes than ever before, $1 million buys you a lot less home these days than it did in the past. As home values continue to surge across the country, more homes are topping the million-dollar mark. Currently, about 2.4 percent of...
  • World Property Channel - U.S. Consumer Credit Default Rates at Historic 10-Year Lows
    8/19/2014 @ 10:47 AM - Based on the latest S&P/Experian Consumer Credit Default Indices for July 2014, there was another slight decline in default rates. The national composite posted 1.01% in July, down one basis point from last month. The composite's default rate remains the lowest in over 10 years of history. After nine consecutive months of declines, the first mortgage default rate fell to...
  • Orlando Sentinel - 08/20: Progressions
    8/19/2014 @ 9:57 AM - Robert L. Harding , founding partner of law firm Railey Harding + Allen, Orlando, was appointed to the Advisory Board of the Bergstrom Center for Real Estate Studies at the University of Florida.
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  • Gothamist - Video Points To NYPD Cover-Up After Cop Fatally Ran Over Pedestrian
    8/20/2014 @ 3:52 PM - Newly released video from NYC Housing Authority security cameras in Queensbridge appears to show that the NYPD is lying about a fatal crash that killed a Japanese student last year and may have tried to cover-up the incident by discarding further video evidence. Although the NYPD has refused to release any video—which they previously claimed shows the...
  • Multi-Housing News - Trump, Lodha to Develop Tower in Mumbai
    8/20/2014 @ 3:29 PM - By Dees Stribling, Contributing Editor Mumbai-The Trump Organization has unveiled plans for Trump Tower Mumbai, which will be developed in collaboration with Indian real estate developer Lodha Group. The 75-story tower will be the second property to bear the Trump brand in India. The 22-story Trump Towers Pune, which is in the city of Pune in the state...
  • RE Journals - One Uptown on the Circle mixed-use hotel begins construction in Normal, IL
    8/20/2014 @ 3:23 PM - One Uptown on the Circle, a multi-phased mixed-use retail and hotel project developed by CA Ventures and Tartan Realty Group, has begun Phase I construction. The first phase will be a 114 room Hyatt Place Hotel and plans for Phase II include a mixed-use retail/restaurant, apartments and heated lower grade parking. Occupying a prime location...
  • Business Insider - Wild Hong Kong Concept Tower Would Have Its Own Fish Farms And Rice Paddies
    8/20/2014 @ 3:15 PM - In a bold attempt to create a building that contains practically everything humans could need to survive, architects at Studio Cachoua Torres Camilletti designed a multi-multi-purpose skyscraper for Hong Kong. Called 'Rice Terraces,' the design is an effort to meld agricultural space and big cities. It features two uniquely shaped towers connected by braces, trusses...
  • Fortune - The latest Fed minutes show rate-hike talk is heating up
    8/20/2014 @ 3:06 PM - The Federal Reserve on Wednesday released minutes from its meeting at the end of July, and it looks like Fed officials broached the subject of raising interest rates earlier than planned, but ultimately decided to wait for more evidence of an improved economic outlook. The minutes are from the July 29-30 meeting where the Fed decided to...
  • The Street - Stock Market Today: Stocks Are Flat Following More Hawkish Fed Minutes
    8/20/2014 @ 2:54 PM - NEW YORK (TheStreet) -- U.S. stock indices traded near the flat line Wednesday afternoon after minutes of the Federal Reserve's latest meeting were more hawkish than expected. The Dow Jones Industrial Average ticked up 0.23% to 16,959.12. The S&P 500arose 0.13% to 1,984.20, and the Nasdaqafella0.04% to 4,525.35. Read More: 5 Signs It's Time to Buy a Home The latest...
  • Multi-Housing News - Micro Nano Research Facility at Melbourne's RMIT City Campus Completed
    8/20/2014 @ 2:49 PM - By Balazs Szekely, Associate Editor Melbourne, Australia-Construction of the Micro Nano Research Facility at the Royal Melbourne Institute of Technology University City Campus is now completed, according to the contractor. It took Brookfield Multiplex seven months to raise the specialist research facility and delivered the high-tech building more than a month ahead of its scheduled completion. Designed...
  • Curbed - Lifestyles of the Rich and Richer: A mansion on the market in...
    8/20/2014 @ 2:27 PM - A mansion on the market in L.A. for $85M could teach a week-long seminar on over-the-top millionaire decorating, with talks on how to best incorporate the Bentley brand into your throw pillow game and the very best places to put your giant grenades and chrome machine guns. Nothing says class quite like a Lucite pool table, musket...
  • The Atlantic - The Urban Environment Is Creating Super-Sized Spiders
    8/20/2014 @ 2:00 PM - (Elizabeth Lowe) Great news for people who perform LeBron-class vertical leaps when they see a spider: The unnatural environment of cities seems to be inflating these creatures like bulging eight-legged balloons, according to new research. Of course the focus of today's study in PLOS ONE is already a giant, nightmarish ball of eyes, legs,...
  • CP Executive - Q&A: European Advancements in Demand Response
    8/20/2014 @ 1:38 PM - Dennis Quinn, COO of Joule Assets, spoke with editorial director Suzann D. Silverman about the financing market for demand response projects. Joule works with energy equipment contractors to help finance rollout of their technology in commercial properties, so the property owner can realize the benefits of the technology far sooner. Their conversation appears in the September 2014 issue of ...
  • Buzz Buzz Home - This fish-inspired skyscraper will be covered in scales, naturally
    8/20/2014 @ 1:26 PM - The 305-foot tower will be built in Doumen, China at the confluence of two rivers.
  • Fortune - How corporate America should adapt to millennials
    8/20/2014 @ 1:17 PM - It seems like every day, we read another article about millennials and their impact on the U.S. workforce. Lauren Stiller Rikleen, a Boston-area lawyer and author of multiple books about women in business, has turned her attention now to young people in the workplace, from teens through 30-somethings. Her newest book, You Raised Us, Now Work with Us,...
  • Realtor.com News - French Normandy Meets Bel Air: Noel Irwin Hentschel Lists Chic Manse for $18M
    8/20/2014 @ 1:05 PM - Have you been looking for a French Normandy-style chateau in the middle of Bel Air -but just haven't found the right digs yet? Well, you're in luck. American Tours International Chairman of the Board Noel Irwin Hentschel has offered up her swank California manse with its eight bedrooms, ten bathrooms, and 7,500 square feet for the low,...
  • Web Urbanist - LEGO Architecture: 12 Sets Explore Buildings Brick by Brick
    8/20/2014 @ 1:02 PM - [ By Steph in Art & Sculpture & Craft . ] Whether official or fan-created, LEGO architecture sets enable wannabe builders to understand just how some of the world’s most iconic structures come together in terms of architectural elements, form and lines. The brand...
  • ArchDaily - Manuel Anabalón Saez School Building / Gubbins Arquitectos
    8/20/2014 @ 1:00 PM - Architects: Gubbins Arquitectos Location: Panguipulli , Panguipulli , Los Ríos Region, Chile Architect In Charge: Pedro Gubbins Foxley, Victor Gubbins Browne Design Stage Collaborators: Daniela Torm, Andres Cea, Pablo Montecinos Construction Stage Collaborators: Pablo Montecinos Project Area: 3800.0 m2 Project Year: 2013 ...
  • Remodelista - Urban Cowboy: A Williamsburg Clubhouse for Nomads
    8/20/2014 @ 1:00 PM - Lyon Porter, the mastermind behind Williamsburg's first B & B (by day he's a managing director of Town Residential, a Manhattan real estate company), calls Urban Cowboy "the definition of a passion project." Porter worked with designer Renee Mee on the interiors, which he says feature "an industrial Williamsburg/Adirondack cowboy sensibility, complete with scavenged pot belly stoves, exposed...
  • New York Observer - Coffee Replacing Crumbs Cupcakes in Chelsea
    8/20/2014 @ 1:00 PM - A Crumbs Bake Shop. A new coffee shop serving Italian-style coffee and in-house, hand-made baked goods, is building out the 950-square-foot space where  Crumbs Bake Shop used to be in Chelsea. Seven Grams Caffe signed a 10-year lease in June and plans to open at 275 Seventh Avenue between 25th and 26th...
  • The Atlantic - What Paul Ryan Won't Say About Ferguson
    8/20/2014 @ 12:19 PM - Rep. Paul Ryan (R-WI) speaks at SALT, the hedge fund industry's biggest annual event, in May. (Paul Rilking/Reuters) The Democratic and Republican parties have something in common when it comes to Ferguson: Neither party's leaders wants to get involved. President Barack Obama's comments on Monday about the death of Michael Brown and...
  • ArchDaily - Happy Birthdays, Eliel & Eero Saarinen!
    8/20/2014 @ 12:00 PM - Perhaps the most famous father-son duo in the architectural world,  Eliel  and  Eero Saarinen  share more than just a last name. The two designers both left profound influences upon the cities where they did their work, both were awarded AIA Gold Medals, and, rather uncannily, both share the very same date of birth. But, when it comes to their...
  • Quartz - Your next bellhop could be a robot named Botlr”
    8/20/2014 @ 11:58 AM - Tap to expand image I don’t need your tip. Starwood Today is the first day on the job for Starwood Hotels’s robotic butler, which helps shuttle things like toilet paper and toothpaste to guests’ rooms. Botlr,” as the bow-tied robot is called, is on trial at the Aloft Cupertino hotel in Silicon Valley (go figure). The robot uses...
  • The Real Deal - Marolda Properties faces state probe amid tenant complaints
    8/20/2014 @ 11:31 AM - Bayard Street in Chinatown The state Division of Housing and Community Renewal is investigating Chinatown landlord Marolda Properties for allegedly forcing tenants out of rent-controlled apartments. Tenants accused the landlord of withholding services such as refusing to renew leases and kicking off unjustified eviction proceedings. The Tenant Protection Unit served a subpoena to Marolda earlier this month,...
  More International Real Estate News

Popular Stories

  • Freshome - 10 Interior Design Lessons That Everyone Should Know
    8/20/2014 @ 6:00 AM - We can all achieve a well-decorated space by following a few design tips. Image Source: James Rixner Think of this as a little 101 in decorating. While we all cannot possess the eye for exquisite design and detail we can decorate our homes as though we do.  In some ways, interior decorating can be thought...

    Tagged in:    New York   Tips and Tricks

  • Fortune - Citi eyes sale of Japan retail banking unit
    8/20/2014 @ 5:59 AM - Citigroup C is thinking about selling its retail bank network in Japan after failing to build an operation big enough to justify its costs, according to reports in the Wall Street Journal and Financial Times . The move would be a landmark in Citi’s strategy...

    Tagged in:    Brokerage Tidbits   International   Mortgages / Markets

  • BBC - Mortgage lending highest since 2008
    8/20/2014 @ 6:10 AM - A total of £19.1bn is advanced to homebuyers in July, the Council of Mortgage Lenders says, amid warnings that the property market may face headwinds.

    Tagged in:    International   Mortgages / Markets

  • Bowery Boogie - 100 Norfolk Offers ’38 Units and 100 Reasons’ to Cringe
    8/20/2014 @ 6:05 AM - The project site at 100 Norfolk Street now boasts branded plywood wrapping for the eventual mess of construction to debut here shortly. Helmed by Adam America Real Estate and the Horizon Group, the 12-story development now carries the cringeworthy tagline of 38 units 100 reasons” to be here. A new website also just went live, but […]
  • The Telegraph - Live the Downton Abbey lifestyle in a stately home (or part of one)
    8/20/2014 @ 2:01 AM - Always dreamed of a historical home but thought you couldn't afford it? Christopher Middleton says it's time to think again
  • Inman News - Real estate industry says let Zillow have its way with Trulia
    8/20/2014 @ 5:21 AM - Inman News readers are not an interventionist bunch, with nearly 8 in 10 saying antitrust regulators should just stay the heck out of the way of Zillow's plan to acquire Trulia ...
  • Multi-Housing News - The Michaels Organization Educational Foundation Honors Scholarship Recipients
    8/20/2014 @ 10:35 AM - By Joshua Ayers, Senior Editor New Orleans-The Michaels Organization Educational Foundation, a non-profit affiliate of The Michaels Development Company and Interstate Realty Management, held a ceremony August 19 at Delgado Community College in New Orleans to honor six residents of The Estates community that have been awarded college scholarships from the foundation. Executives of The Michaels Organization, the...
  • DS News - HPF Appoints New CEO
    8/20/2014 @ 12:07 AM - David Berenbaum is slated to join the Homeownership Preservation Foundation (HPF) on September 2 as the group's new CEO. Berenbaum possesses 28 years of experience in leadership and business management for non-profit companies such as the Equal Rights Center, the Fair Housing Council of Greater Washington, Long Island Housing Services, and the National Community Reinvestment Coalition. ... The post ...

    Tagged in:    DC Metro   New York

  • The Real Deal - Broadway firm doubles space at Brill Building
    8/20/2014 @ 8:30 AM - From left: the Brill Building and Kinky Boots on Broadway Key Brand Entertainment, the developer and producer of Broadway shows around the world, is doubling its size at the Brill Building at 1619 Broadway. The entertainment firm, which is responsible for hit-shows such as Kinky Boots and Beautiful, signed a new 14-year lease. Key Brand...
  • Housing Wire - Millennials better at paying their mortgages
    8/20/2014 @ 5:16 AM - The youngest group of mortgage borrowers posted the lowest mortgage delinquency rate, falling to 2.34%, overcoming the impact of the Great Recession.

    Tagged in:    Mortgages / Markets

Celebrity Real Estate

  • The Real Deal - Judge tosses suit from opponents of Willets Point deal
    8/20/2014 @ 3:40 PM - Willets Point rendering (Inset: Sterling Equities’ Fred Wilpon and Related Companies’ Jeff Blau) A New York state Supreme Court judge rejected a lawsuit this week from opponents of the Willets Point mega-mall redevelopment who claimed that it violated state law. A community group on behalf of local Queens property owners argued that Mayor Bill de...
  • Business Insider - Wild Hong Kong Concept Tower Would Have Its Own Fish Farms And Rice Paddies
    8/20/2014 @ 3:15 PM - In a bold attempt to create a building that contains practically everything humans could need to survive, architects at Studio Cachoua Torres Camilletti designed a multi-multi-purpose skyscraper for Hong Kong. Called 'Rice Terraces,' the design is an effort to meld agricultural space and big cities. It features two uniquely shaped towers connected by braces, trusses...
  • Buzz Buzz Home - Related, 13th Floor and Key announce new condo-hotel in Hollywood
    8/20/2014 @ 2:40 PM - The three firms acquired the 2.4-acre site at 4000 South Ocean Drive through foreclosure.
  • The Atlantic - The Urban Environment Is Creating Super-Sized Spiders
    8/20/2014 @ 2:00 PM - (Elizabeth Lowe) Great news for people who perform LeBron-class vertical leaps when they see a spider: The unnatural environment of cities seems to be inflating these creatures like bulging eight-legged balloons, according to new research. Of course the focus of today's study in PLOS ONE is already a giant, nightmarish ball of eyes, legs,...
  • Bigger Pockets - This Week: Firing My Management Company, $13k Foundation Issue, and Tenant has NO Hot Water for 3 Weeks!
    8/20/2014 @ 1:02 PM - About a month ago I got off the phone with Brandon Turner after speaking with him at length about blogging on Bigger Pockets. Seriously people, I think I fist pupped doing 80 down the highway, turned the bluetooth off in my TL, and then rolled the windows down and turned the workout” spotify playlist to 11. See, I love...
  • Web Urbanist - LEGO Architecture: 12 Sets Explore Buildings Brick by Brick
    8/20/2014 @ 1:02 PM - [ By Steph in Art & Sculpture & Craft . ] Whether official or fan-created, LEGO architecture sets enable wannabe builders to understand just how some of the world’s most iconic structures come together in terms of architectural elements, form and lines. The brand...
  • The Atlantic - What Paul Ryan Won't Say About Ferguson
    8/20/2014 @ 12:19 PM - Rep. Paul Ryan (R-WI) speaks at SALT, the hedge fund industry's biggest annual event, in May. (Paul Rilking/Reuters) The Democratic and Republican parties have something in common when it comes to Ferguson: Neither party's leaders wants to get involved. President Barack Obama's comments on Monday about the death of Michael Brown and...
  More Celebrity Real Estate News

Brokerage Tidbits

  • New York Observer - Infant Wear Store Signs For Tribeca Storefront
    8/20/2014 @ 4:00 PM - 104 Franklin Street. Infant clothing designer and manufacturer  Egg by Susan Lazar moved into a retail storefront at 104 Franklin Street in Tribeca at the start of the month through an 11-year, 2,200-square-foot lease, Commercial Observer has learned. The space formerly occupied by the sales office of a nearby residential property that...
  • RE Journals - Marcus & Millichap arranges the sale of a 9- unit apartment building
    8/20/2014 @ 3:36 PM - 7719 West Fullerton Avenue Marcus & Millichap has sold 7719 West Fullerton Avenue, a 9-unit apartment property located in Elmwood Park, IL. The asset sold for $695,000. Ryan D. Engle, Andrean Angelov and Jordan Gilbert, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf...
  • Multi-Housing News - Trump, Lodha to Develop Tower in Mumbai
    8/20/2014 @ 3:29 PM - By Dees Stribling, Contributing Editor Mumbai-The Trump Organization has unveiled plans for Trump Tower Mumbai, which will be developed in collaboration with Indian real estate developer Lodha Group. The 75-story tower will be the second property to bear the Trump brand in India. The 22-story Trump Towers Pune, which is in the city of Pune in the state...
  • Housing Wire - Realtor.com: July boasts the healthiest end to spring buying season in 3 years
    8/20/2014 @ 3:23 PM - Realtor.com is touting data from July showing that, by its metrics, July shows the best price appreciation and inventory increases hit during the peak spring buying season in three years.
  • RE Journals - Marcus & Millichap arranges the sale of a 14,400 SF self-storage
    8/20/2014 @ 3:07 PM - Duncan Mini Storage Marcus & Millichap announced the sale of Duncan Mini Storage, a 14,400-square foot self-storage located in Evansville, IN. The asset sold for $530,000. Sean M. Delaney and Matthew E. Duda, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the...
  • Inman News - Legal spat over sale of mansion could greatly expand definition of 'dual agency' in California
    8/20/2014 @ 3:06 PM - A dispute over the sale of a $12.25 million mansion that allegedly turned out to be smaller than advertised could end up greatly expanding the definition of what constitutes dual agency” in California, and make brokerages more skittish about having ...
  • Multi-Housing News - TODAY’S DEALS: Omninet Capital Buys Value-Add Portfolio in Tucson
    8/20/2014 @ 3:00 PM - Summit Ridge Tucson, Ariz.-Omninet Capital has acquired a 1,166-unit portfolio in Tucson from Gaines Investment Trust. The transaction marks the buyer's entry into Tucson. Both firms are based in California. The Greater Phoenix office of Colliers International brokered the $34.7 million sale on behalf of Gaines. Omninet was self represented. All assets were built netween 1973 and...
  More Brokerage / Realtor News

Mortgage and Markets

  • Reuters - BofA in $16.5 bln deal with U.S. over mortgage bonds -source
    8/20/2014 @ 3:34 PM - WASHINGTON, Aug 20 (Reuters) - Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the...
  • RT - Bank of America agrees to $17bn fine over mortgage fraud - report
    8/20/2014 @ 3:33 PM - America's second largest lender has reached a $17 billion settlement with US federal authorities over selling bad mortgages, according to sources close to the negotiations. Read Full Article at RT.com
  • Bigger Pockets - Why More Real Estate Deals Don't Fall Into Your Lap
    8/20/2014 @ 3:30 PM - Have you heard the news on the BP Podcast, in the blogs, or on the forums? People are doing lots of deals! Investors are making money again! So isn’t it time for you to get more deals too? Maybe you’ve tried. You've followed the MLS daily. You've sent out direct mail. You've made your business card. You've...
  • Fortune - Bank of America reaches $17 billion settlement with U.S.
    8/20/2014 @ 3:28 PM - Bank of America BAC has reportedly reached a record $17 billion settlement with federal and state authorities over its sale of mortgage-backed securities. The bank will pay $10 billion in cash and put up another $7 billion toward consumer relief, officials told the Associated Press. The deal won’t be...
  • Housing Wire - Realtor.com: July boasts the healthiest end to spring buying season in 3 years
    8/20/2014 @ 3:23 PM - Realtor.com is touting data from July showing that, by its metrics, July shows the best price appreciation and inventory increases hit during the peak spring buying season in three years.
  • RE Journals - One Uptown on the Circle mixed-use hotel begins construction in Normal, IL
    8/20/2014 @ 3:23 PM - One Uptown on the Circle, a multi-phased mixed-use retail and hotel project developed by CA Ventures and Tartan Realty Group, has begun Phase I construction. The first phase will be a 114 room Hyatt Place Hotel and plans for Phase II include a mixed-use retail/restaurant, apartments and heated lower grade parking. Occupying a prime location...
  • Reuters - UPDATE 1-Pimco NYC office tackles 'isolated' insect issue, fumigates
    8/20/2014 @ 3:21 PM - NEW YORK, Aug 20 (Reuters) - Pimco's New York office is addressing an "isolated issue with insects" and as a precautionary measure, the company is fumigating certain areas of the office space, a...
  More Mortgage and Market News

Tips, Tricks & Ideas

  • Bigger Pockets - Why More Real Estate Deals Don't Fall Into Your Lap
    8/20/2014 @ 3:30 PM - Have you heard the news on the BP Podcast, in the blogs, or on the forums? People are doing lots of deals! Investors are making money again! So isn’t it time for you to get more deals too? Maybe you’ve tried. You've followed the MLS daily. You've sent out direct mail. You've made your business card. You've...
  • Multi-Housing News - TODAY’S DEALS: Omninet Capital Buys Value-Add Portfolio in Tucson
    8/20/2014 @ 3:00 PM - Summit Ridge Tucson, Ariz.-Omninet Capital has acquired a 1,166-unit portfolio in Tucson from Gaines Investment Trust. The transaction marks the buyer's entry into Tucson. Both firms are based in California. The Greater Phoenix office of Colliers International brokered the $34.7 million sale on behalf of Gaines. Omninet was self represented. All assets were built netween 1973 and...
  • Curbed - Brooklyn Blockbusters: Here Now, the 15 Most Expensive Homes for Sale in Brooklyn
    8/20/2014 @ 2:56 PM - Manhattan is so filled with expensive homes , that a $25 million condo doesn't even seem like that big of a deal anymore. But in Brooklyn, things are slightly different. The most expensive home that has ever sold in the borough was the 70 Willow Street , a historic Brooklyn Heights where Truman Capote once lived...
  • The Street - Stock Market Today: Stocks Are Flat Following More Hawkish Fed Minutes
    8/20/2014 @ 2:54 PM - NEW YORK (TheStreet) -- U.S. stock indices traded near the flat line Wednesday afternoon after minutes of the Federal Reserve's latest meeting were more hawkish than expected. The Dow Jones Industrial Average ticked up 0.23% to 16,959.12. The S&P 500arose 0.13% to 1,984.20, and the Nasdaqafella0.04% to 4,525.35. Read More: 5 Signs It's Time to Buy a Home The latest...
  • CP Executive - Top Tips When Marketing Commercial Real Estate
    8/20/2014 @ 2:52 PM - By Randolph T. Mason, CCIM, SIOR, Managing Partner, Commercial Realty Specialists Following are some tips to improve the process when leasing and selling commercial real estate space. 1. Have the suite number on the brochure for the property. I recently printed some brochures to quickly go and preview a large office building, and when I got to...
  • Multi-Housing News - Micro Nano Research Facility at Melbourne's RMIT City Campus Completed
    8/20/2014 @ 2:49 PM - By Balazs Szekely, Associate Editor Melbourne, Australia-Construction of the Micro Nano Research Facility at the Royal Melbourne Institute of Technology University City Campus is now completed, according to the contractor. It took Brookfield Multiplex seven months to raise the specialist research facility and delivered the high-tech building more than a month ahead of its scheduled completion. Designed...
  • CP Executive - Single-Family REITs Poised to Succeed
    8/20/2014 @ 2:45 PM - By Carla Freeman, Real Estate Partner, BDO USA L.L.P. Despite initial uncertainty surrounding the long-term viability of the single-family REIT sector, it has enjoyed strong momentum, and investors have shown an appetite for this asset class. The sector emerged from the 2008 credit crisis, when many investors were able to buy bundles of foreclosed and real estate owned...
  More Tips, Tricks and Ideas