Jabong Mailer (CPA)
Showing posts with label real estate agent. Show all posts
Showing posts with label real estate agent. Show all posts

Saturday, 12 December 2015

What makes real estate experts happy (or worried) about 2016

Millennial consumers and their choices increasingly drive the real estate market, several experts said this week at CBRE’s Sacramento 2016 forecast event.
For example: One factor holding back home construction is a delay among young consumers in forming households, said CBRE associate Brian Parker in a presentation to the gathering on Tuesday. And when they do buy, they are more interested in infill than greenfield subdivisions.
The Sacramento region needs more industrial space, said CBRE broker Ryan DeAngelis at an event this week.
Enlarge
The Sacramento region needs more industrial space, said CBRE broker Ryan DeAngelis at an… more

Millennial consumer patterns are also affecting retail, said associate John Brecher of CBRE Sacramento. Millennials like to be close to where they work and shop, and they're also big users of e-commerce, he said. That means local stores will need to find ways to get their wares into consumer hands quickly, Brecher said. He said Walmart in particular might ramp up such services in the Sacramento region.

AREA Real Estate chosen for Hemisfair's first multifamily development

AREA Real Estate has been chosen to develop Hemisfair's first multifamily complex, solidifying the local firm's standing at the forefront of San Antonio's urban revitalization.
The park's first public-private partnership is slated for the 1.1 acres in the southwest quadrant of the 37-acre district near the recently opened Yanaguana Park. The mixed-income complex will include 163-units and a 418-space parking garage that will lease 238 spaces back to Hemisfair for public use.
AREA Real Estate has been chosen to develop Hemisfair's first multifamily property, which will provide 163 mixed-income to the 37-acre urban park.
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AREA Real Estate has been chosen to develop Hemisfair's first multifamily property, which… more

The development, which will also include 3,200 square feet of retail space, will be a $25 million investment. Construction for the apartment building is expect to begin in 2016, with units available for leasing by 2017.

Lake Flato and WGW Architects will lead the design for the complex.
The deal, which has been approved by the Hemisfair Park Area Redevelopment Corp.'s board of directors, is still considered pending. It will go before the San Antonio City Council next week.
Once completed, AREA will manage the maintenance and administration of the development, including apartment leasing.
Public-private partnerships will be a critical component for Hemifair's financial stability. Once completed, the deal between AREA and the Hemisfair redevelopment group will cover 55 percent of the costs needed to operate the parks, and the remaining 45 percent will be accumulated through private donations, public funds and parking revenue.

Year in review: The top 5 real estate deals of 2015 include a record

2015 was the year the industrial market heated up, more apartment complexes sold to out-of-state investors and auctions were the new tool to unload assets.
While there were plenty of deals made this year, we combed through our archives to pick out the top news stories that made waves, or had a far-reaching impact on the local business and real estate community.
The top real estate deal of the year was Jim Long's purchase of One Park Square located in Albuquerque's Uptown area.
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The top real estate deal of the year was Jim Long's purchase of One Park Square located… more

The Heritage Hotels & Resorts CEO bought two high-profile properties in the state this year. First, under the Heritage Hotels banner, Long purchased the El Monte Sagrado in Taos from the Kessler Collection, a luxury hotels and resorts brand based out of Florida. The purchase reflected Heritage Hotels' strategy, which is to acquire and operate culturally-designated hotels focused along New Mexico's I-25 corridor.
The second big purchase seemed to come out of the blue. Long, along with several other partners, purchased One Park Square and the nearby retail property. According to financial documents filed with the Securities and Exchange Commission by Equity Commonwealth, the seller of One Park Square, the sale price was $34.3 million.

Buffett's Real Estate Brokerage Is on Track for a Record Year

Some estimates suggest there is $27.5 trillion of residential real estate in the United States. Trillions of dollars of real estate changes hands each year, enriching everyone involved, from banks to real estate brokers.

You've probably seen a for-sale sign bearing a familiar name in a neighborhood near yours. And yes, this is Warren Buffett's Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) -- at least a small portion of it, anyway.

When Berkshire Hathaway bought MidAmerican Energy in 2000, it came with a little freebie: a small army of real estate agents who worked for a brand then known as HomeServices of America.

Buffett wrote in one of his letters that he was more interested in the energy assets. The real estate business came along for the ride.

As incidental as its original purchase may have been, its subsequent growth has been anything but. It acquired 67% of the Prudential and Real Living franchise operations in 2012, and Buffett described the model in his letter to shareholders, noting that the two brands "license 544 brokerage companies throughout the country and receive a small royalty on their sales." Berkshire Hathaway also received an option to buy the remaining operations within five years.

As Commercial Real-Estate Prices Soar, Fed Weighs Consequences

Federal Reserve officials participating in a “war game” exercise this year came to a disturbing conclusion: Six years after the financial crisis ended, the central bank remained ill-equipped to quell the kind of dangerous asset bubbles that destabilized the savings-and-loan industry during the late 1980s, tech stocks in the 1990s and housing in the mid-2000s.

The five officials—gathered at a conference table in Charlotte, N. C.—had to determine if hypothetical booms in commercial real estate and corporate borrowing risked collapse and damaging fallout for the broader economy.

The group was asked what to do about it. Fed officials said afterward they saw they lacked clear-cut tools or a proper road map of regulatory measures to help stem the simulated booms. They also disagreed on whether to use higher interest rates to stop bubbles, a blunt instrument affecting the entire economy.

“I walked away more sure about the discomfort I originally had,” said Esther George, president of the Federal Reserve Bank of Kansas City and a participant in the June exercise. She and others believe the Fed’s low-rate policies might have played a role in booming asset prices.

The worry has turned more concrete. Commercial real-estate prices are soaring and Fed officials face the conundrum of what, if anything, to do.

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“Signs of valuation pressures are emerging in commercial real-estate markets, where prices have been rising at a solid clip and lending standards have deteriorated, although debt growth has not yet accelerated notably,” Stanley Fischer, vice chairman of the Fed, said in a speech Thursday.

Friday, 27 November 2015

CREDAI Nashik holds B2B with estate brokers to boost real estate sector

NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) Nashik recently held a business to business (B2B) meeting with the local real estate brokers in a bid to boost the real estate sector in Nashik. 

Around 100 residential projects by around 30 city builders were showcased during a meeting held in Hotel Gateway in Nashik, which had been attended by around 200 brokers. 

The real estate sector is already passing through a phase of recession for the past three-four years and Nashik's real estate sector is also not exception to this. Around 4,000 ready flats are lying unsold due to recession. Hence, the CREDAI has taken initiative to connect brokers to boost sale of real estate properties in the city. 

Friday, 18 September 2015

BRIEF-Gree Real Estate's unit gets regulatory approval for up to 700 mln yuan bonds

Gree Real Estate Co Ltd

* Says unit gets securities regulator's approval to issue up to 700 million yuan ($110.01 million) bonds

Source text in Chinese: bit.ly/1F6e96I

Further company coverage: ($1 = 6.3628 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

Read Full Story: BRIEF-Gree Real Estate's unit gets regulatory approval for up to 700 mln yuan bonds

China Real Estate Site SouFun Gets New Investment

SouFun Holdings, operator of China’s biggest real estate portal and known as Fang.com in China, has secured $400 million to $700 million from private-equity firms IDG Capital and Carlyle Group, together with the company’s CEO Vincent Mo.

The subscription price of the newly issued shares is $5.85 per American depositary share, two cents below where U.S.-listed shares closed Thursday and well off the $19.94 lifetime high hit during China’s real estate boom.

For IDG, the investment adds to the firm’s 2.8% stake.

Mr. Mo said the Beijing company, in the midst of a revamp, will use the funds to “expand aggressively to more cities and rapidly increase its market share in existing cities.” SouFun’s apps and sites include real estate listings covering nearly 400 cities in China.

This Hong Kong real estate startup wants to fix a very broken industry

The first time I tried to find an apartment in Beijing, it was a nightmare. All the online listings I found were full of lies. Great-looking apartments turned out to have totally fake photos when I got a chance to see them. And the agent I got linked up with kept dragging me to terrible places – like a damp underground studio with no windows – despite the fact that they had none of the features I was looking for.

At the time, I didn’t understand why. But Joshua Miller (pictured), the CEO of Hong Kong real estate startup Okay.com, has pulled the wool from my eyes. And he says the same kind of things are happening in Hong Kong.

The problem
The Chinese real estate market is “incredibly inefficient” and “very fragmented,” says Josh. “There are approximately 400,000 agents across approximately 35,000 agencies in China, and that’s the sign of a very broken industry.”

In Hong Kong (as in mainland China) there is no MLS-style master database of available properties that is accessible to all realtors. Instead, property listings are controlled by whatever agent is representing the seller. Agents tend to keep their best listings to themselves, Josh says, so that they can be sure their buyers get the place and they get the commission.

Real estate agents who can’t give an estimated selling price are ‘in the wrong game’


With proposed new laws aimed at stamping out underquoting passing through the lower house of parliament this week, the NSW government has a blunt message for real estate agents.

That is: if they can’t provide a reliable price guide on what a property will sell for, they’re “in the wrong game”.   

“If an agent can’t work out the estimated selling price, then maybe the agent needs to go back to school and work out how to do it,” Fair Trading Minister Victor Dominello said during an exclusive interview with Domain.

Google Earth plug-in lets real estate junkies check out years of Sydney house prices

Real estate is already an unhealthy obsession in Sydney, and now the state government is throwing fuel on the flames.

On Friday, NSW Minister for Finance, Services and Property, Dominic Perrottet, announced that 14 years worth of New South Wales property sales data would be accessible for free on a digital mapping service called NSW Globe.

In all seriousness — the availability of this kind of information, typically a huge bother to access, is a very welcome move towards open data in local government.

SEE ALSO: Australian scientist wins Ig Nobel for essentially un-boiling an egg

"Until now, people had to pay the government or a third party provider to access property sales data," Mr Perrottet said in a statement. "The NSW Government recognises that in a booming property market, buyers and sellers are entitled to accurate and accessible land and property information."

Real Estate Lobby behind Jacob Thomas' Transfer?

THIRUVANANTHAPURAM:The transfer of Fire and Rescue Services director-general Jacob Thomas has stirred up a hornet’s nest following allegations that the officer’s unceremonious exit was at the behest of a real estate developer organisation.

The decision to swap the roles of DGP Jacob Thomas and Kerala Police Housing and Construction Corporation (KPHCC) managing director Anil Kant was taken by the Cabinet on Wednesday. Thomas, who took over as the Fire Brigade chief in May, had taken a strict stand against fire rule safety violations by apartment builders. A couple of projects in the state were reportedly denied NOC after Thomas directed the force to act tough.

Combined Decision
Sources said the transfer came after the officer refused to oblige to the directions by Home Minister Ramesh Chennithala and Urban Affairs Minister Manjalamkuzhi Ali to soften his stand. The two ministers reportedly told their Cabinet colleagues that the official’s transfer was inevitable for the survival of the construction sector.On Thursday, Thomas told mediapersons that he was unhappy over the transfer as he should now occupy the post held by a junior officer. On the reasons behind the transfer he said: “I stood for the safety of the public. I’m yet to get the order, will respond after receiving it.”Opposition Leader V S Achuthanandan alleged that Thomas’ transfer was owing to the pressure from flat lobbies. “Several apartment complexes in the state, including those under construction, do not adhere to the fire safety precautions. The Home Minister and the Urban Affairs Minister were bribed by the flat lobbies,” he said.“The transfer may cost the lives of thousands of people in the state,” he added.   

2 guys ran a sexist ad campaign against working moms— and it totally failed

Between accounts of office sexism and the gender pay gap, it's no secret that women often get the short end of this stick in the workplace.

So it only makes sense that people online are up in arms about this recent flyer from Seattle real estate firm Costello and Costello.

Here's the front of the flyer, which asks, "Who would you rather represent you?"

Read Full Story: 2 guys ran a sexist ad campaign against working moms— and it totally failed

Unless real estate products work, stock prices cannot do well: Daljeet Singh Kohli

Real estate today rate sensitives are active, real estate is active and I hear a lot of people say that the pain is already in the price when it comes to real estate names if you go out and selectively buy real estate stocks you could actually make multibagger returns over the next three-four years. Do you believe in the same or similar theory and if so why? Which real estate stock would you recommend if you would recommend? 

Read Full Story: Unless real estate products work, stock prices cannot do well: Daljeet Singh Kohli 

Thursday, 17 September 2015

Real estate queen buys $10M unit in SoHo’s tallest condo

Real estate maven Jane Goldman, the daughter of late industry titan Sol Goldman, is in contract to buy a three-bedroom, 14th-floor unit at 10 Sullivan, the new luxury condo designed by Cary Tamarkin that will be the tallest residential building in SoHo.

Developed by Property Markets Group and Madison Equities, the unit — just under 3,000 square feet — is in contract for just under $10 million.

Goldman, we hear, loved the unit’s private dressing room and 28-foot great room with 11-foot ceiling heights.

The listing brokers in the off-market deal were Douglas Elliman’s Andrew Anderson, Emily Sertic and Jared Seligman.

Understand risk management in real estate sector

The real estate sector in India has traditionally been an unorganised sector of the economy. However, over the past few years, with the inflow of FDI and increasing NRI investment, the sector has received a lot of attention from the government leading to increased regulatory norms. As a result, it has metamorphosed from being largely fragmented and unorganised to a structured and organised one like its peers in developed economies.

A study by Investment Information and Credit Rating Agency of India Limited reveals that the real estate sector contributes to 6.3 per cent of the total GDP and is the fifth largest hotbed of foreign investment. However, much like other sectors, companies engaged in the construction and development of properties are also exposed to varying degrees of uncertainty, both at the macro-level, which affects the economy as a whole and at the sector level. Effective risk management is, therefore, crucial for a company to optimise its performance.

Western Avenue Capital and ALTO Real Estate Funds Acquire Salt Lake City Retail Center

LOS ANGELES--(BUSINESS WIRE)--A joint venture between Western Avenue Capital and ALTO Real Estate Funds announced that it has acquired American Fork Shopping Center, a 148,180 square foot anchored retail center in American Fork, UT, a suburb of Salt Lake City, UT. The acquisition price equates to a mid-8% going-in cap rate, providing mid-teens cash on cash returns to the joint venture as it seeks to reposition the asset for the long term.

American Fork Shopping Center is situated on 9.32 acres at 648 East State Road at the southwest corner of East State Road and South 700 East in American Fork. The retail center is well-located on State Road, the main thoroughfare through American Fork, one mile north of Interstate 15. The property is 95 percent leased to national and regional tenants including Vasa Fitness, Jo-Ann Fabrics, Big Lots, Little Caesars and Del Taco, many of which are on long term leases.

“The property provides the ideal mix of cash flow and tenant mix, along with the opportunity to invest in the stable, growing market of Salt Lake City. We hope to grow our presence in the Salt Lake City metro and continue to work with professional and reliable capital partners like ALTO,” stated Jonathan Kasirer, partner at Western Avenue Capital.

Can Real Estate ETFs Stand A Rate Hike?

R eal estate ETFs amassed impressive returns in the past few years. But this year has been different. Most funds are down in 2015 and underperforming the market. So what's in store for investors going forward?


"In recent years, it's been an ideal recovery for REITs .. . a perfect positive storm," said Morningstar analyst Robert Goldsborough. "You've had low rates, but you've also had a very slow and steady growth in the economy."

The largest REIT ETF, $46.98 billionVanguard REIT ETF ( 
VNQ
 ), yields 4.1% and returned from 2% to 30% from 2009 to 2014. But it's down 7% so far this year. The lowest-costSchwab U.S. REIT ETF ( 
SCHH
 ) yields 2.41% and returned about 17%, 1% and 32% in each of the past three years, respectively. It's down 4% year to date. The S&P 500 is off 2%.


In prior years, incremental demand helped push occupancy as well as rental rates higher, driving up REITs' operating income, explains Goldsborough. Low rates also made the higher REIT yields more appealing to investors. As a result, real estate funds saw massive inflow of investor money.


Draghi's QE Boosts Property Returns More Than Stocks, Bonds

Mario Draghi’s quantitative-easing program has a new set of supporters: real estate buyers.
Commercial property purchases in the euro area surged 32 percent in the year through June, according to London-based broker Knight Frank LLP, with investment transactions totaling 104.2 billion euros ($117.5 billion). Deals tripled in Portugal and more than doubled in Spain.

International investors are plunging into the market as the European Central Bank president’s attempts to jump start economic growth triggered a 19 percent slump in the value of the euro against the dollar and 11 percent against the British pound, making property look cheap. Rents are also set to climb as the economy recovers, because there’s been a shortage of new construction since the global financial crisis, according to asset manager M&G Real Estate.

“After a couple of years of double-digit returns in the U.K. and the U.S., investors feel Europe is next,” said David Jackson, who manages 1.2 billion euros of European property at M&G Real Estate. “One of the key stimuli for that has been the QE package.”

M&G Real Estate has been buying food stores in Germany and retail properties in cities such as Milan and Copenhagen to benefit from increases in consumer credit that should boost demand for retail property, raising rents and values, he said.

Mob of Real Estate Brokers Attack NoBroker.in Office; They Are Angry Because The Startup Is Snatching Their Livelihood

The ongoing war between offline vs online business took a violent turn in Bengaluru. A mob of 40-50 angry real estate brokers attacked NoBroker.in office at HSR Layout in southeast part of the city, claiming that the real estate startup is snatching their livelihood.
Reportedly, this angry mob tried to enter their office and create mayhem. The employees who blocked their way and tried to talk with them were threatened with dire consequences. At the time of attack, NoBroker had around 100 employees in their premises, which included 30 women staff.

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