Brokerage Tidbits

Saturday, August 13, 2016

  • Quartz - Using Airbnb in Rios impoverished favelas harms Brazilians
    8/13/2016 @ 5:01 AM - Hundreds of thousands of tourists are flocking to Rio de Janeiro for the 2016 Olympic Games. In order to meet the shortage of hotel accommodation, the city has made the online rental platform Airbnb an official partner for the games. The company now lists 25,000 units in Rio-a massive rise from only 900 in 2012. With Brazil's economy in the doldrums, some have praised the platform as a way for Cariocas (residents of Rio) to make extra money during the games. Nowhere would this be more welcome than in Rio's favelas-neighborhoods that are home to some of the city's poorest inhabitants. From the beachfront neighborhoods of Copacabana and Ipanema, one can...

Friday, August 12, 2016

  • Inman News - NAR announces 'Don't Risk It' video awards contest
    8/12/2016 @ 5:46 PM - Who said that talking about real estate risk management has to be boring? Certainly not the National Association of Realtors -- which is asking associations across the country to accept the challenge of "producing outstanding educational videos on risk management topics for real estate professionals," in its Don't Risk It Video Awards Contest, announced this week ...
  • Realtor.com News - Tampas Most Expensive Home Is a $13.9M Bayside Paradise
    8/12/2016 @ 5:01 PM - realtor.com With only six owners over the past century, the most expensive home in Tampa, FL,  is seeking a new mogul to take the reins. Known as the Stovall-Lee house, the historic property is listed for $13.9 million . It includes several buildings totaling 8,930 square feet of living space set on a 2.59-acre lot stuffed with manicured gardens, fountains, and fruit trees. Built circa 1909 by L.T. Trousdale , then the general manager of Florida Brewery, Tampa Tribune founder Wallace Fisher Stovall purchased the place in 1915. Twenty-eight years later, the home was sold to William E. Lee , who added it to the National Register of Historic Places in 1974. After changing hands a...
  • Realtor.com News - For Ceilings, What a Difference a Foot Makes
    8/12/2016 @ 3:30 PM - Jason Henry for The Wall Street Journal In a crowded luxury-condo market, developers are betting there's at least one way to rise above the competition-add a few extra inches. The end of the standard 8-foot-high ceiling may be near, as builders tout ceiling heights of 11, 12 and even 20 feet. And buyers are paying a premium for the extra head space. In San Francisco, one of the most expensive condos in the city, a $15 million penthouse under construction in the Lumina, will have up to 18-foot ceilings. In Boston, a 13,000-square-foot penthouse with up to 14-foot ceilings at Millennium Tower is under contract for north of $30 million, setting a...
  • Realtor.com News - Elisabeth and Tim Hasselbeck Make a Move From Greenwich to Nashville
    8/12/2016 @ 3:01 PM - John Lamparski/WireImage TV host Elisabeth Hasselbeck and her husband, ex-jock  Tim , have finally sold their  Greenwich, CT,  home for $4.56 million. Theyre moving south to a $2 million brick house in a Nashville, TN,  suburb, Variety reports. The Hasselbecks  Colonial-style home  in the heart of Greenwich sits on 1.5 level acres and features a pool, playhouses, covered porch, and entertainment terraces. Inside, the seven-bedroom, 7,600-square-foot house has high ceilings and custom millwork, front-to-back entry hall, marble fireplaces, and a mahogany library. The master suite has a fireplace, sitting room, and his-and-her walk-in closets. There's also a third-floor playroom with guest quarters. The house originally went on the market in...
  • Redfin Blog - Quiz: Can You Afford a Home in Seattle?
    8/12/2016 @ 3:00 PM - Seattles housing market is crazy hot right now, and getting more and more competitive (and expensive) everyday. Take this quiz to find out what you can afford in Seattle, based on your income. The post Quiz: Can You Afford a Home in Seattle? appeared first on Redfin Real-Time .
  • Realty Biz News - How Much of a Premium is There on Living in an A-Plus School District?
    8/12/2016 @ 2:44 PM - It's no secret that homes in good school districts come at a premium and can be good investments for people with or without children. Now an article in realtor.com has taken a closer look at just how much you can expect to pay and where the top school districts are located. An economic research team at realtor.com analyzed data comparing homes in school districts rated nine or 10 with homes in nearby districts where schools were rated six or lower. Apparently, homes in higher rated public school districts are an average of 49% more expensive, at $400,000 compared to the national median of $269,000. They are 77% more expensive compared with lower ranked districts with homes of...
  • Inman News - No market shift in the making, says Windermere chief economist
    8/12/2016 @ 2:27 PM - With all due respect to Gary Keller, I am trying to decipher why he believes that we are gearing up for a nationwide housing 'shift." Especially when the data tells us a different story ...
  • Realtor.com News - Home Equity Loans Come Back to Haunt Borrowers, Banks
    8/12/2016 @ 1:31 PM - David Paul Morris/Bloomberg News The bill is coming due for many homeowners on a type of loan that was widely popular in the run-up to the housing bust, causing a rise in delinquencies at banks. More homeowners are missing payments on their home-equity lines of credit, or Helocs, a type of loan that allows borrowers to withdraw cash from their house to pay for renovations, college tuition or almost any other expense. These loans typically require interest-only payments for the first 10 years, but then principal payments kick in for the next 15 or 20 years. The increased cost of the loan can become a strain for some borrowers. This is...
  • Blue Matter - Summer Fridays: Wimbledon Worthy Tennis Courts
    8/12/2016 @ 1:00 PM - Playing tennis is a great summer activity to make up for all those extra cheeseburgers you've been eating. Here are some beautiful tennis courts located on some of the finest properties in the world. The post Summer Fridays: Wimbledon Worthy Tennis Courts appeared first on Coldwell Banker Blue Matter .
  • Brooklyn Magazine - No Joke: Brooklyn Rents went Down Last Month
    8/12/2016 @ 1:00 PM - Weve all had the experience in the past five years of walking the streets of Brooklyn while dodging excessive scaffolding and construction dust. More of these sites have popped up month by month, more re-routed walks devised to avoid them, and, before long, youve forgotten what anything looked like before the whole neighborhood became a construction party. But  one  good thing has come of it all. As DNAinfo tells us , from a report made by Douglas Elliman, this housing boom has led to a greater number of available rentals, and more rental vacancies, as of last July, than in any other month in the last seven years. And that has prompted brokers to lower rental...
  • Curbed - Large, airy Prospect Heights co-op with vintage charm wants $887,000
    8/12/2016 @ 12:19 PM - The 1,165 square foot apartment comes with two bedrooms, 1.5 bathrooms Welcome back to The Six Digit Club , in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline . Located on the third floor of a turn of the century brownstone in Prospect Heights, this co-op spans 1,165 square feet and comes with two bedrooms and 1.5 bathrooms. The two bedrooms are located side by side on one end of the apartment and overlook Prospect Place, while the living, dining, kitchen, and a den are located on the other end of the apartment....
  • Property Shark - Top 20 NYC New Projects Proposed So Far in 2016
    8/12/2016 @ 12:15 PM - The city is ablaze with new developments in whats been called by Forbes  the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space was almost three times as much as in Manhattan or Brooklyn. See below the 20 largest projects that have filed for construction permits between January and July 2016. #1. 586 Gulf Avenue , Staten Island Developer:   Staten Island Marine Development Architect:   Marguelies Hoelzli Architecture Proposed total area : 970,000...
  • Sotheby's International Realty - Luxury Real Estate Headlines: Second Week in August 2016
    8/12/2016 @ 11:30 AM - Highlights from this week's top news stories on luxury and global real estate, art, collectibles and home. $3,275,000 USD | Orange Beach, Alabama | Kaiser Sothebys International Realty The 5,200-square-foot house sits on just over an acre. There are four bedrooms in the main residence, in addition to a bedroom in the attached guest suite. There's also a two-car garage with a workshop.” In Alabama, a Contemporary Residence with Bayou Views – Mansion Global A Horta House in Belgium with Art Nouveau Appeal –  International New York Times For Sale: 6 Cool Geometric Homes...
  • Gant Daily - Americans still love spending on their homes
    8/12/2016 @ 11:30 AM - Theres no place like home especially for Americans these days. Spenders might be shunning departments stores left and right, but they continue to spend big on homes, furniture and renovations. Its one key bright spot thats helping to hold up Americas meager consumer-fueled economic growth right now. Spending on building supplies and gardening equipment rose 6.4% in July compared to a year ago. Purchases of home furnishings also rose a solid 4.2% in July compared to a year ago, the Commerce Department reported Friday. Its another sign that Americas housing market has gained momentum while retailers spiral. The home spending figures comes on the heels of Macys announcement on Thursday that it would...
  • The Real Deal - Cove Property, Baupost to pay $330M for 441 Ninth Ave.
    8/12/2016 @ 11:22 AM - Kevin Hoo's Cove Property Group and hedge fund the Baupost Group are in contract to buy the office building at 441 Ninth Avenue on Manhattan's Far West Side for $330 million. The seller, insurance firm EmblemHealth, currently occupies the entire 423,000-square-foot building but is set to move out within a year. CBRE represented the seller, Real Estate Alert reported. EmblemHealth's predecessor Group Health bought the former warehouse, located between West 34th and 35th streets, in … [more]
  • RE Journals - Minnesota Autism Center gets 50,000-square-foot building expansion
    8/12/2016 @ 11:22 AM - Minnesota Autism Center Ryan Companies recently completed a two-story building expansion to the  Minnesota Autism Center (MAC) school in Eagan, Minnesota. The new 50,000-square-foot school sits directly west of MACs existing school building on 6.5 acres of land. It will be able to house an additional 150 students and 130 staff members. Opening its doors September 6, the school will offer education services and therapeutic support for children, adolescents, and families affected by Autism Spectrum Disorders, or ASD. To celebrate the project completion, MAC held a grand opening celebration August 11 with desserts, beverages, and testimonials by staff and families. Guests had the opportunity to tour the facility including the collegiate gymnasium, breakout spaces, media center...
  • Redfin Blog - Why I Work at Redfin: Dan Bergman
    8/12/2016 @ 11:20 AM - Redfin Chicago agent Dan Bergman is a passionate real estate agent and a new father to an 8-month-old daughter. When Dan isn't spending time with his new family, he is meeting with clients and helping them reach their goal of buying the perfect home. Dan transitioned from personal training to real estate seamlessly, and brought his personable skills into the real estate world. We got to spend some time with Dan, chatting about his experience working at Redfin and what it's like to be a part of this groundbreaking company.  How did you first hear about Redfin? One of my friends started to work as an agent at Redfin a few years before...
  • Crain's New York Business - Buyers of Watchtower Building got $376 million in financing
    8/12/2016 @ 11:05 AM - A partnership that bought the Jehovah's Witnesses' Watchtower building in Brooklyn got some help from two big firms. Affiliates of private equity giant Blackstone Group and commercial landlord SL... To view the full story, click the title link.
  • Redfin Blog - Dates Are Not Timestamps
    8/12/2016 @ 11:00 AM - Every programmer will eventually find themselves writing a feature that requires handling of dates and times. And if you need to deal in any way with things like multiple time zones, daylight savings offsets, etc., you quickly realize that its substantially trickier than it might initially seem. For many applications, you can get by with being less than totally rigorous (how many social media users will care if the timestamp on their vacation photos is off by a couple hours?). But at Redfin, we need to deal with dates and times of things like open houses and tour appointments, deadlines for documents related to real estate transactions, etc. So complete rigor and precision is pretty important (the last thing you...
  • Curbed - East Village's forthcoming Target outpost will open in 2018
    8/12/2016 @ 11:00 AM - The big-box chain's 'flexible format' store will occupy the ground floor of an Extell development Brace yourselves, East Villagers: the new "flexible-format" Target that's planned for East 14th Street will open its doors by 2018. The company shared more details on the development, along with a rendering of its facade, in a press release, and also clarified that whole "flexible-format" thing-essentially, it's a smaller store with a "locally-relevant, catered assortment for urban guests." (Their words, not ours.) The store will cover 27,000 square feet spread out over two levels: one on the ground floor, and one below that. In addition to the usual stuff that Target sells-housewares, clothing, food, etc. etc.-this store will offer items...
  • RE Journals - Fannie May relocating regional distribution center to former Dominicks site in Northlake
    8/12/2016 @ 10:36 AM - Bridge Point Northlake building Newmark Grubb Knight Frank  completed a 77,885-square-foot, long-term lease for  Fannie May within Bridge Point Northlake , a 55-acre business park located at 575 Northwest Ave. in Northlake, Illinois. The site, owned by Bridge Development Partners, LLC, was formerly used as a Chicago-area distribution facility for Dominick's , though it has remained vacant since the grocer moved out of the campus in late 2014. Now, Fannie May, a chocolate and confections retailer and a subsidiary of 1-800-FLOWERS.COM, Inc. founded in Chicago in 1920, plans to move into the new space in July 2017. In search for a more suitable space for its regional warehouse and distribution...
  • Bedford + Bowery - At Escaping Time, Pruno's Not the Only thing Handcrafted with Pride in Prison
    8/12/2016 @ 10:31 AM - (Flyer via Escaping Time”) Governors Island  is more than just another out-of-the-way-ish New York City nook. After years of abandonment, the islands only recently embarked on a steady climb towards reclamation and it remains largely stuck in the past, having missed out on years of the progress seen by the rest of the city while interned as an exclusive home for military officers, then a coast guard haven, before it was abandoned altogether in 1996, left to hang in an off-limits sort of limbo, with nature serving as its only developer. Fresh off the ferry, you might be only 800 yards from Lower Manhattan, but as you make your way inland, the Manhattan skyline starts to disappear, obscured by...
  • Blue Matter - 5 Fun Facts About Fisher Island That Everyone Should Know About
    8/12/2016 @ 9:52 AM - Featuring luxurious residences, a lavish hotel, a remarkable club house and every possible amenity, Fisher Island is certainly a tropical oasis! The post 5 Fun Facts About Fisher Island That Everyone Should Know About appeared first on Coldwell Banker Blue Matter .
  • The Real Deal - Looking up: Developers raise ceilings to fetch higher prices
    8/12/2016 @ 9:52 AM - Who said size doesnt matter? In the race for bigger and better amenities, developers are commanding a premium for high ceilings and windows. Buyers are more than willing to fork over larger sums for units with ceilings rising 11 feet or higher, according to an analysis by listing website Realtor.com cited by the Wall Street Journal. Developers who raise the ceiling to 10 or 11 feet from a more typical eight or nine feet may … [more]
  • Blue Matter - 3 Fun Housewarming Party Ideas
    8/12/2016 @ 9:50 AM - Housewarming parties have never been this fun! The post 3 Fun Housewarming Party Ideas appeared first on Coldwell Banker Blue Matter .
  • Boston.com Real Estate - Pending home sales spike, despite the summer heat
    8/12/2016 @ 9:37 AM - Apparently, ugly, parched lawns aren't much of a turn-off for buyers eager to snag a home in a tight real estate market. Pending sales of single-family homes shot up 8 percent across Massachusetts in July, hitting 5,863. Prices were also up as well, rising 4.1 percent, to $379,000, The Massachusetts Association of Realtors reports.  Pending […] The post Pending home sales spike, despite the summer heat appeared first on Boston.com Real Estate .
  • Blue Matter - Get Your Home Sold Utilizing These Key Factors
    8/12/2016 @ 9:35 AM - You have all heard location, location, location in relation to what will get your home sold. There are actually five key factors that have to be in alignment to get your home sold. These factors are location, condition, price, marketing, and financing. The post Get Your Home Sold Utilizing These Key Factors appeared first on Coldwell Banker Blue Matter .
  • Redfin Blog - The Hope Solo House: Her Kirkland Estate is on the Market
    8/12/2016 @ 9:33 AM - Olympic fever is in full swing and today's the start of the knockout rounds in women's soccer. With Hope Solo in goal, the U.S. is eyeing gold. For Solo, it would be her third, and a fitting capstone to a spectacular Olympic career. While Solo's long been an anchor in goal for the US, it looks like she's on the move. She listed her Kirkland estate last month for $1.85M . Between the sports court, the in-ground...
  • Blue Matter - How to Save on Summer Electric Bills
    8/12/2016 @ 9:30 AM - There's no escaping it . . . it's hot out there! Unfortunately, summer electric bills tend to rise as the temperature outside does. These tips will keep your DFW home cool while helping you save money on electric this summer. The post How to Save on Summer Electric Bills appeared first on Coldwell Banker Blue Matter .
  • Blue Matter - Personalize Your Home with Travel Souvenirs and Hobbies
    8/12/2016 @ 9:30 AM - Do you love to travel? Perhaps you have a favorite hobby that takes up a lot of your time. There's no need to divide your home life from your travel or hobby life. Instead, use mementos or souvenirs from your trips to personalize and decorate your home. The post Personalize Your Home with Travel Souvenirs and Hobbies appeared first on Coldwell Banker Blue Matter .
  • Crain's New York Business - Major developer finds Chinese partner for new Billionaire's Row tower
    8/12/2016 @ 9:12 AM - Extell Development Co., the builder that spearheaded a billionaire's condo district in midtown Manhattan with the construction of One57, said it's teaming up with a Chinese firm to build a luxury... To view the full story, click the title link.
  • Brokers Weekly - The importance of being furnished: why home staging is so crucial in selling
    8/12/2016 @ 9:01 AM - If you're a broker and you're not already using home staging, maybe you should be. Staging homes and apartments for viewings by prospective buyers has become a big business, and more and more members of the industry are getting in the game. Nationwide, 96 percent of brokers who work with buyers believe that staging a home that is listed for sale has an impact on a buyer's view of the home, according to a 2015 survey by the National Association of Realtors (NAR). They have good reason to believe that – the U.S. Department of Housing and Urban Development found that on average, a staged home will sell 17 percent higher than a comparable home that isn't...
  • Brokers Weekly - NEW DEVELOPMENT: DoBro building launches leasing, Village condo 40 percent sold
    8/12/2016 @ 9:01 AM - ? AVALONBAY Leasing launched in Downtown Brooklyn AvalonBay Communities, Inc. announced the launch of leasing at Avalon Willoughby Square, 326 upscale rental apartment homes located in the heart of Downtown Brooklyn. The thoughtfully-designed residences occupy floors 31 to 58 in the 634-foot, 58-story apartment building. Residents of the high rise, which is anticipated to receive a LEED Silver rating, will have access to a host of unique amenities, such as an enchanted forest-themed children's playroom, gorgeous rooftop spaces with indoor and outdoor lounge areas, dog parks divided for breeds of different sizes, a pet spa with JOG A DOG treadmill, and private dining room with demonstration kitchen. Designed by SLCE Architects with interiors by CETRA/Ruddy, the 399-...
  • Brokers Weekly - Hope Street's Hendrik condos offer hassle-free Brooklyn living
    8/12/2016 @ 9:01 AM - Hope Street Capital's new Hendrik condominium project is offering would-be residents an escape hatch from townhouse living. The building, which is still under construction, is providing buyers the chance to bypass the inconveniences of living in Brooklyn while living in Brooklyn. 'Not everybody wants to live in a townhouse,' said Hope Street Capital Partner Sha Dinour. 'I live in a townhouse. You have to go up and down the stairs all the time. It's hard. People love to live in a townhouse street. But not everybody loves to live in a townhouse.' Dinour said that his firm's new project, which is located at 509 Pacific Street, nullifies two barriers to living in Boerum Hill: the high cost of...
  • Realtor.com News - Bernie Sanders Buys $575,000 Lakefront Vacation Home in Vermont
    8/12/2016 @ 9:00 AM - Alex Wong/Getty Images After galvanizing voters for months on the presidential primary trail,  U.S. Sen. Bernie Sanders is pursuing a little R&R by buying a $575,000 vacation home on the Champlain Islands in Vermont. Of course, the Internet reacted in predictable fashion. Cries arose about the socialist politician-the champion of the little guy, the share-the-wealth candidate-purchasing a third  house in North Hero, VT . (Sanders also owns homes in Washington, DC,  and  Burlington, VT .) One  Reddit poster said, 'No one should be able to afford 3 homes, especially at that price, as a politician.' Another wrote, 'What a dirty capitalist!' Cut Sanders some slack, trolls! The senator's modest summer digs on Lake Champlain...
  • Brownstoner - Daily Links: Rental Prices Drop a Smidge in July in Brooklyn
    8/12/2016 @ 8:31 AM - In the NewsAn Army Veteran With a Housing Mission in East New York [NYT]RXR Realty Plans 363-Unit Rental Building in Fort Greene [Crain's]Trump Photo Returns to Bay Ridge Restaurant Despite Backlash [Gothamist]135 Units of Affordable Housing Planned for Coney Island Boardwalk [6sqft]Brooklyn Native Aims to Expand Wi-Fi in Red Hook… Read More > The post Daily Links: Rental Prices Drop a Smidge in July in Brooklyn appeared first on Brownstoner .
  • Salon - Its official - Silicon Valley housing prices set a new all-time record
    8/12/2016 @ 8:00 AM - (Credit: aimintang via iStock ) Congratulations, Silicon Valley, youve reached a historic home-price benchmark-while also hosting one of the largest homeless populations in the nation. Data released Wednesday from the National Association of Realtors shows that the median price for a home surpassed $1 million in the region around San Jose, California  - a first for any metro area in the country. The San Jose-Santa Clara County metropolitan zone, which includes affluent precincts such as Los Altos and Palo Alto, has long been an expensive place to live thanks to the outsize presence of tech firms, and the millionaire executives that run them. As with last year, the San...
  • Property Rounds - Vintage cottage in Atherton: Untouched since 1948 in every way, except the $5.895M price tag
    8/12/2016 @ 7:00 AM - This home, situated in one of the nation's most expensive zip codes, offers a glimpse of old Atherton: it's a modest two bed, one bath, under 1,700 square feet, with garage, chicken coop, and separate guest house/barn situated upon a walnut orchard. Other than some gratuitous staging (fake flowers, dog biscuits in a bowl for non-existent dog), 28 Selby Lane has been virtually untouched - and somewhat neglected - since being built in 1948. The only thing that points to change over time is the price tag for this property: $5,895,000. In fairness, the value is in the land itself. Whatever you think of the house, it's sitting on 1.66 acres of prime Atherton real estate. As...
  • The Real Deal - Most popular stories on The Real Deal
    8/12/2016 @ 6:31 AM - Current reader favorites: 1. WeWork wants to turn office buildings into giant gadgets 2. WTC contractor found guilty for masterminding $1B scheme 3. RXR planning first NYC resi development 4. Blackstone launches $5B non-traded REIT 5. Landlord concessions double in Manhattan, Brooklyn rentals … [more]
  • Wise Bread - 5 Alternative Housing Options You Can Afford
    8/12/2016 @ 6:30 AM - Keeping your housing costs low is key to achieving financial freedom. Minimizing your expenses frees up more money for investments, savings, and pursuing your passions. While renting an apartment or a house is still the mainstream approach, there are other alternatives available that are more cost effective. By pursuing one of these nontraditional housing options, you can cut your expenses and break the paycheck-to-paycheck cycle. 1. Co-Living Spaces Co-living spaces, which often resemble college dorms, are increasingly popular in places with a high cost of living, such as San Francisco. The tech capital is booming, and as a result, it is unaffordable for many; a one-bedroom can cost nearly $3500 a month. More and more...
  • Costar - Cushman & Wakefield Acquires Florida CRE Company
    8/12/2016 @ 6:27 AM - Cushman & Wakefield has acquired Taylor & Mathis of Florida, LLC, a commercial real estate company specializing in agency leasing and property management, adding 9 million square feet to Cushman's property management operations across the state.Taylor & Mathis of Florida has developed more than 600,000 square feet of office and retail product valued in excess of $250 million over the last six years. It currently manages and leases a portfolio...
  • Realtor.com News - This Weeks Most Popular Home Has 11 Bedrooms for Only $115K
    8/12/2016 @ 6:00 AM - realtor.com When we see a listing with 11 bedrooms, were like luxury lab rats. Our minds are trained to look for the seven- or eight-digit price tag. Take Donald Trump s former Beverly Hills, CA, home. Listed this week , the 11-bedroom home on Rodeo Drive is selling for $30 million. Typical. But wait! The most-clicked home on realtor.com® this week comes with 11 bedrooms, but it isnt a million-dollar mansion. In fact, this Illinois house is listed for just a tick above $100,000. How is this even possible ? Well, its a former church, so youll have to get used to the stained-glass windows in your living room....
  • Property Shark - The Fabulous Upper West Side Real Estate Story
    8/12/2016 @ 4:33 AM - To take away: the most expensive home ever sold here was a penthouse fit for a king: price paid – $88M! the largest home  is a century-old 11,500-square-foot mansion next to Riverside Park the UWS is one of the neighborhoods with the most permanent residences, percentage-wise: only 55% of all housing units are rentals , a low number for Manhattan Some local context Part fancy living, part culture enclave, the leisure and family-friendly Upper West Side has been a residential oasis for those who can afford it. More accessible compared to most of Lower Manhattan and Midtown , this neighborhood is seeped in...
  • EV Grieve - Target offers details about its flexible-format store opening summer 2018 on 14th and A
    8/12/2016 @ 4:30 AM - As you know, Target has signed a lease to anchor the retail space in Extell's new development rising on Avenue A and 14th Street. And yesterday, Target shared details about the flexible-format store, projected to open in summer 2018 at 500 E. 14th St. Via the EVG inbox... Growth in urban markets is a priority for Target, and Target's flexible store design allows for store locations in smaller locations and assortments are tailored to meet the needs of local guests. The East Village Target store will be approximately 27,000 square feet on two-levels, with 9,500 square feet on the street level and 17,700 on the lower level. The locally-relevant, catered assortment for urban...
  • Luxury Daily - Currency fluctuation maintains Europe appeal, but African travel taking off: report
    8/12/2016 @ 3:16 AM - Four Seasons Johannesburg European mainstays are still the top fall and holiday travel destinations for affluent travelers, but African nations are picking up steam, according to Virtuoso travel network. Among luxury travelers, Italy, France and the United Kingdom are the top three destinations based on future bookings, but South Africa follows in fourth place. Understanding where the affluent are traveling can help hotels maintain market share and help retailers plan expansion to otherwise reach these consumers. Old destinations and new Rounding out the top 10 are Spain, Mexico, China, Australia, New Zealand and Israel. Travelers are taking advantage of the devaluation of the British pound, allowing them to explore the U.K. for cheaper than...
  • NREI - Forget the Canal-Inland Ports Show Impressive Growth
    8/12/2016 @ 3:00 AM - Inland ports have been the fastest growing markets for industrial demand, says Dwight Hotchkiss, national director of industrial for real estate services firm Colliers. read more
  • DS News - DS News Webcast: Friday 8/12/2016
    8/12/2016 @ 12:51 AM - After the release of CoreLogic's Foreclosure Report and RealtyTrac's Q2 2016 U.S. Home Equity and Underwater Report, the new data between the two showed that 11.9 percent of all U.S. properties that had a mortgage at the end of the second quarter of this year were determined to be in foreclosure, a percentage decrease from ... The post DS News Webcast: Friday 8/12/2016 appeared first on DSNews .

Thursday, August 11, 2016

  • Salon - Its official - Silicon Valley housing prices break a new record
    8/11/2016 @ 7:54 PM - (Credit: aimintang via iStock ) Congratulations, Silicon Valley, youve reached a historic home-price benchmark-while also hosting one of the largest homeless populations in the nation. Data released Wednesday from the National Association of Realtors shows that the median price for a home surpassed $1 million in the region around San Jose, California  - a first for any metro area in the country. The San Jose-Santa Clara County metropolitan zone, which includes affluent precincts such as Los Altos and Palo Alto, has long been an expensive place to live thanks to the outsize presence of tech firms, and the millionaire executives that run them. As with last year, the San...
  • Inman News - Florida still holds a wide lead in foreclosed properties
    8/11/2016 @ 7:46 PM - There were 38,000 completed foreclosure nationally in the month of June, representing the 56th straight month of year-over-year decline, according to CoreLogic's June 2016 National Foreclosure Report ...
  • The Real Deal - New panelists to join The Real Deal in Shanghai
    8/11/2016 @ 6:01 PM - News of Chinese investment in U.S. real estate continues to roll in this week, with highlights including Xinyuan Real Estates $66 million purchase of a Flushing development site, Extells score of Chinese investment firm Shanghai Municipal Investment as an equity partner in Central Park Tower, and Joe Sitts pronouncement that despite a lull at the start of the year, Chinese interest is back, big time. The Real Deal has once again taken note, and were heading back to China this November for our second … [more]
  • Realtor.com News - Bachelorette Couple JoJo and Jordan Begin Life Together in a Texas Rental
    8/11/2016 @ 5:00 PM - Craig Sjodin/ABC via Getty Images Newly engaged couple  JoJo Fletcher and Jordan Rodgers , the latest to find love on TV's 'The Bachelorette,' are moving in together in a rental home in Dallas , according to Candy'sDirt . Built in 1949 and recently renovated, the 1,500-square-foot home has two bedrooms and two bathrooms. It features dark-stained hardwood floors, large picture windows, kitchen with Carrara marble counters, and breakfast booth. The property has a concrete patio and mature trees. The house hit the market in May for $525,000, although it was also listed for rent at $3,240 a month. Terms of the lovebirds' lease have not been revealed. Fletcher, 25, is a real...
  • Inman News - Housing affordability in California weakens through second quarter
    8/11/2016 @ 4:59 PM - Even with low interest rates, rising home prices in California are exceeding residents' means to purchase, according to the California Association of Realtors (CAR), which says only 31 percent of the state's population could afford to purchase an existing median-priced home in the second quarter ...
  • The Real Deal - Kushner, LIVWRK score $376M in Watchtower financing from Blackstone, SL Green
    8/11/2016 @ 4:56 PM - Jared Kushners massive bet on Dumbos Watchtower building is being backed by the Blackstone Group and SL Green Realty. Affiliates of the two investment giants plowed a total $376 million into the project, via acquisition, building and project loans. Blackstone took the senior piece of the loan, while SL Green led the loan and retained a B-note component, according to Commercial Mortgage Alert. The deal was revealed in public records Thursday, though SL Green was not … [more]
  • Realtor.com News - This Thinking Persons Mansion Is Buried Under Tons of Dirt
    8/11/2016 @ 4:30 PM - realtor.com For those in love with earth-sheltered homes and in possession of an active imagination, theres a place in California where you can live out your wildest dreams. Weve found a home just for you: Its listed  for sale at $449,000 and located in Oakhurst, CA . Theres only one final hurdle to leap: The structure is built and buried, but the interior is a blank canvas. Yes. Its unfinished, but that's where a smart buyer steps in. Called a 'Thinking Person's Mansion,' this home needs a buyer to complete the interior spaces and finish the project. Your new project takes place within a living space of 3,639 square feet encased in 10-inch-thick fireproof walls....
  • RISMedia: Real Estate - Why You Should Own a Home in an A+ School District
    8/11/2016 @ 4:27 PM - Whether you have children or not, it pays to buy in an area with great schools. Realtor.com ® recently released a new study that identifies the price premium to buy a home in a strong public school district, as well as the top 10 districts garnering the highest home prices and demand from buyers. School districts rising to the top are: Beverly Hills Unified in Los Angeles; Highland Park Independent School District in Dallas; Kenilworth School District No. 38 in Kenilworth, Ill.; Rocky River City School District in Cuyahoga, Ohio; Clear Creek Independent School District in Harris, Texas; and School Town Of Munster School District in Lake, Ind. Realtor.com® compared homes located in school districts rated 9 or 10...
  • Blue Matter - Best Ways to Spend Summer in New York
    8/11/2016 @ 4:10 PM - It's the last full month of summer . . . why does it always go so fast? Escape the air-conditioned comfort of your NYC apartment and make the most of every last minute! Here's our roundup of the best ways to spend summer in New York. The post Best Ways to Spend Summer in New York appeared first on Coldwell Banker Blue Matter .
  • Curbed - Central Park Tower's condos will hit the market this year
    8/11/2016 @ 4:06 PM - Big things are ahead for the city's tallest residential building The market for ludicrously pricey trophy homes in New York City is drying up but Extell, never one to follow the crowd, is moving right along with its plans for New York City's tallest residential building. Today in a press release, the One57 developer announced that sales for Central Park Tower will launch later this year. The move confirms that the 1,550-foot condo won't be following the lead set by its neighbor at 111 West 57th Street, where sales were put off until next year amid a slowing market. It's a power move and ever-more proof that Extell's gonna Extell. The...
  • The Real Deal - Former Nets forward Thaddeus Young lists BK condo for $6M
    8/11/2016 @ 4:00 PM - Hoops star Thaddeus Young isn't just trading in his Brooklyn Nets jersey now that he's an Indiana Pacer. Not surprisingly, the forward is also putting his Brooklyn condominium unit on the market for $6.3 million. Located at Robert Levine's One Brooklyn Bridge Park, the 2,764-square-foot pad has three bedrooms, a wood-burning fireplace, bar and terrace. It's asking $2,279 per square foot. Douglas Elliman's Joshua Lieberman has the listing. Young bought the apartment at 360 Furman Street … [more]
  • Blue Matter - Best Kid Friendly Activities in Dallas
    8/11/2016 @ 3:55 PM - Are your kids feeling restless? It's time to plan an expedition to one of Dallas' many attractions! Our guide to the best kid friendly activities in Dallas has something for kids of all ages and interests. The post Best Kid Friendly Activities in Dallas appeared first on Coldwell Banker Blue Matter .
  • Blue Matter - Where to Go Swimming in Philadelphia in the Summer
    8/11/2016 @ 3:55 PM - One of the best ways to cool off on a hot summer's day in Philly is to jump in a pool. Luckily, the city is full of swimming pools, including a number of free public pools and some members-only swim clubs. The post Where to Go Swimming in Philadelphia in the Summer appeared first on Coldwell Banker Blue Matter .
  • RE Journals - Cushman & Wakefield names Paul Krimm managing principal of Columbus office
    8/11/2016 @ 3:36 PM - Paul Krimm Cushman & Wakefield announced that Paul Krimm  has been named managing principal for the firm's Columbus office. Thomas McGarity, who has served as Managing Principal the past four years, will continue to play an important role as a producer with a focus on Occupier Services. Krimm will provide leadership for all Columbus service lines. Additionally, he will maintain his leadership role for the firm's Asset Services and Project and Development Services groups. His priorities will include new business development, operational excellence, community/civic leadership and recruitment of top brokerage and property management talent. Since 2005, Krimm has played a key role in establishing the Columbus office. His responsibilities have included...
  • Brokers Weekly - Leases: Law firm Levy, Sonet & Siegel at 630 Third, BustedTees.com at 36 East 20th
    8/11/2016 @ 3:09 PM - ATCO Properties & Management announced the following leases: Levy, Sonet & Siegel, LLP, a boutique law firm, signed a three-year lease renewal at 630 Third Avenue. The lease encompasses 5,305 s/f on the entire top floor at the 23-story office building. The firm, which has been in the building since 1989, will remain until 2019. Kate Goodman , co-president at ATCO, made the announcement noting that 5,506s/f of space remains available for lease at the property. ATCO Brokerage Services represented building ownership in-house and the tenant in the transaction. Asking rent was $65 per square foot. Data and analytics firm Knowledgent Group, Inc. signed a seven-year, 4,747 s/f lease comprising a portion of the 10th...
  • Inman News - Beware, warns Gary Keller, foreshadowing 'shift' in housing market
    8/11/2016 @ 3:04 PM - In a speech before thousands of Keller Williams leaders on Thursday, Gary Keller painted a less-than-optimistic picture of where the housing market stands and how it might lead to a 'shift' He points to five indicators of a downturn of some sort. ...
  • Realtor.com News - This Weeks Most Expensive New Listings Are Full of Trump Flavor
    8/11/2016 @ 3:01 PM - realtor.com A couple of Southern California mansions with ties to Republican nominee Donald Trump are among this weeks most expensive new listings. In the top spot is a $46.5 million estate in Santa Monica belonging to a real estate investor who formed a multimillion-dollar super PAC to back the reality TV stars presidential bid. And in addition to funneling money directly to the candidate, he used his home (now for sale) to host a fundraiser in late May. In the third spot, a Beverly Hills home once owned by The Donald himself is back on the market. Sold by the presidential hopeful in 2009, its since had most traces of Trump removed and is...
  • NREI - Blackstone Tests Mom and Pop's Thirst for Illiquidity: Gadfly
    8/11/2016 @ 2:54 PM - Lisa Abramowicz The Blackstone Real Estate Income Trust, which hasn't bought any assets yet, aims to focus on income-producing commercial properties. read more
  • Brokers Weekly - Paul Andrew Design, Think Pink Nails sign leases at 41 West 58th
    8/11/2016 @ 2:52 PM - ATCO Properties & Management announced that two retail tenants have signed long-term lease renewals totaling 5,810 s/f at 41 West 58th Street, an 11-story, 52,845 s/f luxury residential tower in Midtown. Photo via City Realtys website Upscale footwear retailer Paul Andrew Design LLC has recommitted to its 3,560 s/f space on the ground floor of the building for a three-year term. Also signing is Think Pink Nails, which has renewed its 2,250 s/f lease for another 10 years. 'We are delighted that these fine retailers will extend their leases at 41 West 58th Street,' said Kate Goodman, co-president at ATCO Properties & Management, noting that the stores will...
  • Realtor.com News - The Typical Home in San Jose Now Costs More Than $1 Million
    8/11/2016 @ 2:31 PM - Paul Sakuma for The Wall Street Journal Rising home prices and growing affordability concerns showed no signs of abating in the second quarter, as San Jose, Calif. became the first city where the price of a typical home eclipses $1 million. Home prices rose in 83% of metropolitan areas across the U.S. in the second quarter compared with a year earlier, according to data released Wednesday by the National Association of Realtors. That is a slight decline from the first quarter, when price increases were reported in 87% of metro areas. Still, there were some signs the market is starting to cool, bringing welcome relief for home buyers. Twenty-five...
  • Housing Wire - Roughly two-thirds of Californians can't afford to buy a home
    8/11/2016 @ 2:20 PM - California's affordability crisis continues to plague the state, pricing more and more would-be homeowners out of the market. How could they buy a home though? Homebuyers need to earn more than a minimum annual income of $100K to qualify for the median-priced, existing single-family home in the state. Think that's steep? It only gets more outrageous in the latest data from the California Association of Realtors.
  • The Real Deal - Howard Lorber on being a sounding board for Donald Trump
    8/11/2016 @ 2:00 PM - Howard Lorber, CEO of Vector Group and chair of Douglas Elliman, was one of a handful of real estate bigwigs tapped to join Donald Trumps economics advisory team. Lorber, whos known Trump since the 1980s and donated to his campaign, will help counsel the Republican nominee on his plan to revitalize the economy, a strategy that includes across-the-board tax cuts, relaxed regulations, and an America first” policy on trade deals. The Real Deal caught up … [more]
  • Sotheby's International Realty - Luxury Lifestyles | Love at First Flight
    8/11/2016 @ 2:00 PM - When aviation enthusiast Lenny Sikora is in the mood for fresh snapper at his favorite seafood restaurant, he and his girlfriend hop in a golf cart at his home at the Ocean Reef Club in Key Largo for a quick drive to the community's private airport. In no time, Sikora is at the controls hovering 500 feet in the air aboard his Robinson R-44 helicopter and then flying south across the Florida Keys to dinner in Marathon . About a half hour later, the couple is ordering their first course. Sikora is among an elite group of homeowners who live the aviation lifestyle in a fly-in community. Since semi-retiring and buying property at the...
  • Bedford + Bowery - New Report Shows Housing Inventory's Up, Brooklyn Rents Drop (Barely)
    8/11/2016 @ 1:26 PM - (Photo: Daniel Maurer) NYC real estate firm Douglas Elliman published a report this morning, showing that the development boom in New York City has had a significant impact on the real estate market. According to the report, the available housing stock has increased dramatically over the last year: the listing inventory for rentals in Brooklyn went up by 29.6 and just slightly more in Manhattan that saw a 30.3 percent increase in the last year. The apparent reason for this, at least according to the reports author Jonathan Miller, is that New York is starting to see the fruit of the five-year development boom that weve been living under-you know, the reason ...
  • Motley Fool - Who Wants to Be a Railroad Tycoon? Union Pacific Stock Rated a Buy
    8/11/2016 @ 1:25 PM - At The Motley Fool, we poke plenty of fun at Wall Street analysts and their endless cycle of upgrades, downgrades, and "initiating coverage at neutral." Today, we'll show you whether those bigwigs actually know what they're talking about. To help, we've enlisted Motley Fool CAPS to track the long-term performance of Wall Street's best and worst. This morning, analysts at U.K.-based brokerage Atlantic Equities announced a series of new ratings for American and Canadian railroad stocks. According to the ratings watchers at StreetInsider.com , CSX (NASDAQ: CSX) , Kansas City Southern (NYSE: KSU) , and Norfolk Southern (NYSE: NSC) received only neutral ratings from the analyst. On...
  • Realty Biz News - Signpost Joins Zillow® Tech Connect Program
    8/11/2016 @ 1:18 PM - Signpost, the AI-driven CRM has just announced it has joined Zillow® Tech Connect program. This means that real estate agents affiliated with Zillow will be able to use Signpost to drive five-star reviews, new customers and loyalty. Brad Kime, Signpost SVP of Business Development said 'We are excited about the partnership we've developed with Zillow. The integration we've built from Mia, our AI-driven  CRM, to Zillow automates the process of collecting great reviews and driving new business and loyal customers back to real-estate agents.' Statistics from Search Engine People show peer reviews have a powerful influence on purchasing decisions. More than 70% of customers will reference peer testimonials before making a purchase, while 88% of customers trust...
  • Realty Biz News - Memphis Class A Commercial Property on Target to Exceed Last Year
    8/11/2016 @ 1:15 PM - Memphis class A commercial properties are on track to exceed anything from many pervious years. Class A properties are the top of the class in commercial real estate. Large office buildings and large manufacturing facilities. Of course, it includes many other commercial properties such as strip malls but those mentioned are the major big opportunities. Large malls are no longer considered class A properties. Some of the new businesses are fairly high technology. For example, Tesla Motors wants to build its first super-charging station for its electric vehicles in Memphis, at the Park Place shopping center. The plan is to build a charging station there that has eight stalls for up to eight vehicles at a time. The Park...
  • Brokers Weekly - WXY, STUDIOS to reposition massive Kearney Point development
    8/11/2016 @ 1:07 PM - Hugo Neu announced STUDIOS Architecture will work alongside New York based- WXY to reposition the historic Kearny Point Industrial Park into a state-of-the-art ,24/7 business campus. Cushman & Wakefield has been selected as the exclusive leasing agent for the 130-acre, two  million plus square foot business campus in Hudson County, New Jersey. 'Cushman & Wakefield and STUDIOS Architecture have the vision and expertise we need as we continue the transformation of an historic site into one of the most advanced business campuses in the country,' said Steve Nislick, Chief Financial Officer of Hugo Neu. 'We look forward to growing business and the workforce of New Jersey by offering its makers, thinkers, entrepreneurs and pioneers an unprecedented workspace.'...
  • Redfin Blog - Mortgage Rates: No Tantrums Here, Just Cheap Loans
    8/11/2016 @ 1:05 PM - Good economic news pushed mortgage rates up last week, with a 30-year fixed loan averaging 3.45 percent. A year ago, rates averaged 3.94 percent, according to Freddie Mac 's weekly survey. Source: Freddie Mac Rates edged higher after a closely watched report on job creation came in strong, surprising economists and markets. The upbeat employment news has more people betting the Federal Reserve will raise its own short-term interest rates when it meets in September. The Fed doesn't control the cost of home loans, but it can affect the direction of mortgage rates. In 2013, rates shot up after Fed Chairman Ben...
  • RE Journals - Cawley Chicagos Joshua Hearne achieves SIOR designation
    8/11/2016 @ 1:03 PM - Joshua Hearne Cawley Chicago announced that Senior Executive Vice President, Joshua Hearne , recently achieved SIOR designation awarded by the Society of Industrial and Office Realtors. Hearne joined Cawley in 2005 as an intern assisting the brokerage team with office and industrial transactions. Over time, he developed an expertise in the Southside industrial submarket of Chicago. Through his research and hard work, Hearne was also able to put together marketing presentations, along with proposals, which assisted the brokers in the closing of several deals. Today he specializes in tenant and owner representation and investment brokerage.
  • Blue Matter - 2020 Olympic Games: 10 Homes with Built-in Training Facilities for New Events
    8/11/2016 @ 1:01 PM - With new events like surfing, karate and climbing being added to the 2020 Summer Olympic Games in Tokyo, these homes would be the perfect spot to live the life of a future gold medalist. The post 2020 Olympic Games: 10 Homes with Built-in Training Facilities for New Events appeared first on Coldwell Banker Blue Matter .
  • The Real Deal - Sting eyes triplex at 220 CPS: report
    8/11/2016 @ 12:31 PM - Talk about music to Robert A.M. Sterns ears: British rocker Sting and wife Trudie Styler plan to trade in their Stern-designed pad at 15 Central Park West for another Stern-designed spread at 220 Central Park South. The couple is currently eyeing a triplex at Vornado Realty Trusts luxury limestone tower, according to the New York Post. Once the deal is final, they plan to list their 16th-floor condominium unit at 15 Central Park West for … [more]
  • Curbed - Shoe designer Jeffrey Campbell buys predictably quirky Chelsea condo
    8/11/2016 @ 12:30 PM - The Lita designer dropped $5 million on a West 23rd Street pad Creating 2010's most ubiquitous 5-inch heel for party-hard college girls has paid off for Jeffrey Campbell, who just purchased a palatial Chelsea loft for $5 million. The shoe designer just closed on a 3,750-square-foot loft in Chelsea, the Observer first noted , that comes with-of all amenities-a golf simulator. Maybe Campbell has bigger plans for that room-a shoe closet, perhaps?-but he's not at a loss for space in the apartment. The condo has three bedrooms and three-and-a-half bathrooms, and an expansive living area featuring a walk-in wine refrigerator. The apartment is as quirky as the designer's shoes ....
  • Brokers Weekly - Tahl Propp inks deal to preserve 549 affordable homes
    8/11/2016 @ 12:16 PM - Tahl Propp Equities (TPE) has signed a deal to finance the acquisition and renovation of five affordable housing properties in Harlem with a total of 549 apartments. The deal allows for the rehabilitation of all buildings, and means all apartments will remain affordable to low-income tenants for the next 40 years. Photo by sanchez jalapeno/ Flickr In addition, all buildings have federal project-based Section 8 contracts, further preserving affordability through rental subsidies for the property owners. 'Preserving affordable housing is an impactful way for us to make our city more affordable and keep New Yorkers thriving. This vast preservation project will help keep more than 500 families in...
  • Brokers Weekly - On The Scene: C&W offering at 180 E. 72nd St., Ten-X brings 30 Thompson St. to market
    8/11/2016 @ 12:07 PM - AGENTS Cushman & Wakefield announced the following exclusive sale assignments: A retail building at 180 McLean Avenue, in Yonkers, Westchester County. The asking price is $4,000,000. The single story building sits on a 286.53 ft by 104.13 ft lot. It features 112 ft of frontage on McLean Avenue. The building also features a 35 space parking lot and benefits from approximately 26,820 square feet of air rights. The building is currently leased to Duane Reade which pays $363,000 per year and reimburses for the real estate taxes over base year 2007. The original lease for the property expires in September 2020 and has three five-year options at predetermined rents. Duane Reade currently sub-leases the building to...
  • Curbed - Elizabeth Swig's troubled 740 Park Avenue duplex sold for just $18M
    8/11/2016 @ 12:00 PM - The embattled apartment was originally listed for $32.5 million It may be time to start readying a plaque in the Pricechopper Hall of Fame. In April, the 740 Park Avenue duplex that was once owned by Kent and Elizabeth Swig (and then later, just Elizabeth) went into contract , and now, public records show the final closing price for the apartment. That price: $18 million -which is quite a chop from its original list price of $32.5 million. But it's possible that Swig cared more about unloading the apartment than getting that full asking price-or even the $22.5 million that it was listed for last November . To...
  • Brokers Weekly - Hodgson Russ take entire floor at 605 Third Avenue
    8/11/2016 @ 11:46 AM - Fisher Brothers has signed a 10-year lease with the venerable law firm, Hodgson Russ LLP, for the entire 23rd floor of 605 Third Avenue. Hodgson Russ, which is relocating from 1540 Broadway, will occupy 19,871 s/f at 605 Third Avenue. They are expected to move in around the middle of 2017, the year in which Hodgson Russ will celebrate its 200th anniversary. In addition to its New York City location, the firm has offices in Albany, Buffalo, Saratoga, Palm Beach, and Toronto, Ontario. Fisher Brothers recently completed a $25 million capital improvement program at 605 Third Avenue. The centerpiece of the project was the creation of a brand new building entrance and lobby, designed by architect David...
  • Brownstoner - Sunset Park Warehouse Offers High Ceilings, New Waterfront Address for Business
    8/11/2016 @ 11:30 AM - There's a new address for companies looking to locate in Brooklyn: 150 52nd Street, situated in Sunset Park, the neighborhood Cushman & Wakefield called one of the 15 coolest in America.The property occupies 60 percent of the full block, with frontage on four sides. The interior spaces have 17- to… Read More > The post Sunset Park Warehouse Offers High Ceilings, New Waterfront Address for Business appeared first on Brownstoner .
  • Redfin Blog - 5 NFL Players With Quirky Items in Their Homes
    8/11/2016 @ 11:16 AM - With the start of the 2016 football season right around the corner, the players are wrapping up their time in their hometowns, and are preparing to travel to the 'office.'  Otherwise known as the gym and the turf fields in the states of their teams. The players have an intense and exciting season ahead of them, and come prepared to work extremely hard. With the hard work, also comes a large pay off. Huge contracts are offered and signed every year, and millions of dollars float into the welcoming (large) arms of these hardworking players. With all of their earnings, the athletes do a number of things, the first of which is usually purchasing a large home with all of their...
  • NREI - 10 Must Reads for the CRE Industry Today (August 11, 2016)
    8/11/2016 @ 11:00 AM - Urban Land discusses what to expect in commercial real estate in the second half of the year. Bloomberg reports that the Blackstone Group is trying to raise a $5 billion fund for its first non-traded REIT. These are among today's must reads from around the commercial real estate industry. read more
  • StreetEasy - What is an Open Listing?
    8/11/2016 @ 11:00 AM - To give rental listings wide exposure, landlords or owners sometimes choose to engage with agents and brokers in what is called an open listing” arrangement. An open listing means an agent has an agreement with the landlord/owner to represent the property. However, its not an exclusive listing  agreement, in which just one agent alone lists the property. Instead, an open listing agreement allows multiple agents to advertise and find a tenant for the property and the first agent to do so will get the commission. Usually a landlord notifies agents via email in which they have a relationship, announcing the availability of a unit. All agents in receipt of that email are then able to advertise it on the internet with themselves as...
  • Redfin Blog - What Happens to Your Mortgage When You Die?
    8/11/2016 @ 10:46 AM - Image via iStock Mortgages inherently deal with death. The word 'mortgage' comes from the Old French for 'death pledge,' meaning that the loan expires after being paid in full; if it's not paid, the property is taken and is 'dead' to the owner. But what if your death pledge outlives you? Who pays your mortgage when you die? Your lender can foreclose on your home if it doesn't continue receiving regular payments after you pass away, says Sara Hire, a San Jose-based lawyer who specializes in estate planning. To prevent that, you should make a plan that would pass your home down to your heirs instead. Depending on your circumstances, that may involve...
  • Fortune - Britain's Richest Man, the Duke of Westminster, Dies Aged 64
    8/11/2016 @ 10:43 AM - The U.K.s richest man, Gerald Cavendish Grosvenor, 6th Duke of Westminster, has died aged 64, leaving a fortune valued at nearly $11 billion. He died suddenly after suffering a heart attack at his estate in Lancashire in north-west England. The vast bulk of that fortune comes from his ownership of much of the swanky London quarters of Mayfair and Belgravia, once the stamping ground of the native upper classes, but now more associated with the international uber-rich, the hedge fund industry and–at least until the new one is ready–the U.S. Embassy (which stands in a square named after his family). In the real-life British version of the board game Monopoly, the Grosvenor family, to all intents and purposes,...
  • Curbed - Fort Greene parking lot will give way to massive rental building
    8/11/2016 @ 10:30 AM - The 10-story building will have 363 apartments, 20 percent of which will be affordable A massive new rental building is set to rise on a former parking lot in Fort Greene, courtesy of RXR Realty, probably best known for their Pier 57 redevelopment project. The 10-story building will also mark the developer's first residential project, Crain's reports . Located at 810 Fulton Street, the building will include 363 apartments, about 20 percent of which will be affordable. The project came about after RXR purchased the lease on the property from development firm GFI Development for $28.7 million. The latter had already broken ground at the site, and had acquired the requisite air rights from...
  • Property Wire - Metro area home prices soar in US with first plus $1 million median value recorded
    8/11/2016 @ 10:21 AM - Home prices are continuing to rise in the United States with the median value for a single family home reaching more than $1 million in a metro location for the first time. The record prices was reached in San Jose, California, while the vast majority of metro areas seeing prices rise in the second quarter of 2016, the data from the National Association of Realtors shows. Overall the median existing single family home price increased in 83% of measured markets, with 148 out of 178 metropolitan statistical areas showing gains based on closed sales in the second quarter compared with the second quarter of 2015. Just 29 metros recorded lower median prices from a year earlier...
  • Sacremento Bee - Report: Low inventory continues to drive up home prices in Sacramento region
    8/11/2016 @ 10:03 AM - Home prices in the greater Sacramento region continue to climb, driven by low inventory, according to the monthly report released Thursday by the Coldwell Banker Residential Brokerage in Sacramento. Coldwell … Click to Continue »
  • AOL Real Estate - For the first time, there's a city in America where the average home costs more than $1 million
    8/11/2016 @ 9:38 AM - For the first time, there's a city in America where the average home costs more than $1 million San Jose's homes are historically expensive. According to data out Wednesday from the National Association of Realtors, the median price of a home in the California city is now over $1 million - $1,085,000 to be exact - the first time that the group has registered such a high figure in a metro area. All in all, during the second quarter, home prices increased in 83% of the 178 metro areas that NAR tracks, and the average price of a single-family home nationwide increased 4.9% year-over-year, to $240,700. The...
  • The Real Deal - SL Green sells 40% stake in 11 Madison to Prudential for $480M
    8/11/2016 @ 9:37 AM - SL Green Realty sold a 40 percent stake in office tower 11 Madison Avenue to Prudential's real estate subsidiary for $480 million. The deal values the tower at $2.6 billion including lease-stipulated improvements - the same price SL Green paid when it bought the tower from the Sapir Organization and the CIM Group last August.  In a statement SL Green said it would use the money 'for debt reduction and other investment opportunities.' As part of … [more]
  • Curbed - Manhattan rents keep rising, but there's some hope in Brooklyn
    8/11/2016 @ 9:15 AM - Inventory keeps rising, along with Manhattan median rents, but Brooklyn prices saw an incremental drop The latest round of rental market reports are out, with numbers showing that the market for luxury rentals is slowing down-not unlike the much-publicized slowdown in the luxury condo market. As for everything that isn't luxury real estate, of course, demand remains steady. Douglas Elliman examined rents for the month of July and recorded a median rent of $3,450/month in Manhattan (0.2 percent higher than the previous month), a median rent of $2,826/month in Brooklyn (1.9 percent lower than the previous month), and finally a median of $2,768/month in Queens (a .7 percent drop from June). These slight...
  • Realtor.com News - Actor Peter Gallagher Cuts Price on His Beautiful Brentwood Home
    8/11/2016 @ 9:00 AM - Paul Archuleta/Getty Images Whether you know him as Deputy Chief William Dodds on 'Law & Order: Special Victims Unit' or Sandy Cohen on 'The O.C.,' you soon wont be knowing Peter Gallagher  as a Brentwood, CA,  resident. In an effort to sell the lush home the actor and his wife,  Paula Harwood , listed in February for $6 million , the price has been cut twice. Its now going for  $5.25 million . Gallagher and Harwood bought the 5,225-square-foot home in 2007 for $3 million. Although parts of Bundy Drive, where the home is located, are quite busy, this area, located north of Sunset Boulevard, is private and sedate. The abundant, mature landscaping and towering trees...
  • Blue Matter - 9 Tips for Living a (Semi-)Normal Life While Your Home Is Being Shown
    8/11/2016 @ 9:00 AM - Preparation, routine and treats help you make the house you're selling presentable at a moment's notice The post 9 Tips for Living a (Semi-)Normal Life While Your Home Is Being Shown appeared first on Coldwell Banker Blue Matter .
  • Business Insider - For the first time ever, there's a city in America where the average home costs more than $1 million
    8/11/2016 @ 8:33 AM - San Jose's homes are historically expensive. According to data out Wednesday from the National Association of Realtors (NAR), the median price of a home in the California city is now over $1 million — $1,085,000 to be exact — the first time that the group has registered such a high number in a metro area. All in all, during the second quarter, home prices increased in 83% of the 178 metro areas that NAR tracks, and the average price of a single-family home nationwide increased 4.9% year-over-year to $240,700. The rise in prices also highlighted the vast shortage of homes being built, according to Lawrence Yun, the chief economist for NAR. 'However, with homebuilding activity still...
  • Redfin Blog - Walkable New Construction: 10 Cities Leading the Way
    8/11/2016 @ 8:01 AM - Philadelphia ranked first with 91% of new homes having a higher Walk Score than the citywide score. In Chicago, Cleveland, St. Petersburg, Boston and Seattle, more than 80% of new homes have a  Walk Score higher than the citywide score. Greensboro, Corpus Christi, Albuquerque, Plano and Bakersfield all had the lowest percentages of walkable new home construction. New home construction doesn't always mean building farther out. Today, some builders and cities are working together to build new homes in areas with high Walk Score ratings. So which cities are building the most walkable new homes? We took a look at new homes so far in 2016 and compared...
  • The Real Deal - Landlord concessions double in Manhattan, Brooklyn rentals
    8/11/2016 @ 7:30 AM - Landlords are increasingly shelling out concessions to renters in Manhattan as supply continues to outpace demand for ultra-luxury apartments. The share of new leases with landlord concessions last month was more than double seen at the same time last year, according to Douglas Ellimans latest market report. Nearly 11 percent of the new leases - compared to 5.3 percent in July 2015 - provided concessions to tenants. At the same time, the vacancy rate last … [more]
  • Forbes - You'll Pay 49% More For A Home In A Top School District
    8/11/2016 @ 7:25 AM - A home's school district is important. But is it worth nearly 50% more money? Americans say yes, according to a new Realtor.com study.
  • Multi-Housing News - Metro Salt Lake City Apartments Sell for $52M
    8/11/2016 @ 7:05 AM -
  • Realtor.com News - It Pays to Own in an A-Plus School District-Heres How Much
    8/11/2016 @ 6:00 AM - Imgorthand Its well known that homes in good school districts sell for a premium-and are a good investment for buyers with or without children. But just how much can you expect to top up that listing price or bid? And what are the top school districts where people  are rushing to buy homes-regardless of the cost? The economic research team at realtor.com® took up the challenge and dived into the data. The team compared homes in school districts rated 9 or 10, the highest score, by GreatSchools.org  with homes in nearby districts rated 6 or less. 'It's common knowledge that buyers are often willing to pay a premium for a home in a strong...
  • Fortune - New Zealand Cuts Interest Rates to Record Low 2%
    8/11/2016 @ 3:59 AM - New Zealand has joined Australia in cutting interest rates to record lows to stave off deflation and to restrain rising currencies, but a rapid descent to zero rates is bedeviled by solid economic growth and hot housing markets. The Reserve Bank of New Zealand (RBNZ) cut rates by 25 basis points to 2% on Thursday while Australia cut rates to an all-time low of 1.5% early this month. The RBNZs challenges became immediately apparent after the central bank decision, with investors lifting the local dollar to a one-year peak despite the easing and threatening to depress both exports and inflation in New Zealands small open economy with a population of 4.7 million. ...
  • Fortune - Macquarie Analyst Thrown Out of PAX Global Briefing After Heated Exchange
    8/11/2016 @ 3:37 AM - A Macquarie analyst was told to leave an earnings briefing held by Chinas PAX Global Technology pxgyf after a heated exchange with the companys chief financial officer that was videotaped and later circulated on social media. In the video, CFO Chris Lee told Macquaries Timothy Lam during the briefing on Wednesday to leave immediately. You dont do your job. You didnt do your job. Go out,” Lee said, adding that if he didnt leave he wouldnt say anything and that Lam had no right to be there. Lee did not elaborate on his reasons for asking Lam to leave in the...
  • Quartz - Those who wrote off Indian malls didnt see the foreign brands and 24X7 shopping coming in
    8/11/2016 @ 3:02 AM - Bollywood stars Tiger Shroff and Jacqueline Fernandez would have rarely travelled so far from the heart of Mumbai. But on Aug.04, they were spotted in Dombivili, a town nearly 50 kilometres northeast of Indias financial capital. The duo was roped in to launch a six-screen multiplex, the newest from Indias top cinema chain PVR Cinemas . The property is located inside Xperia Mall which, also, had a soft launch on the same day. The 500,000-sq. ft. mall is a part of Palava, the smart-city” being developed by the Lodha group, one of Indias biggest realty firms. Xperia has created quite a buzz in Dombivili as it will cater to not just the 25,000 families...