BC’s multi-family investment market faces repricing as global economy downshifts

Shaken by the global credit turmoil, BC’s multi-family investment market faces a repricing of properties, according to Avison Young (Canada) Inc.’s “Fall 2008 BC Real Estate Multi-Family Investment Report”, released today. “There is now a standoff between purchasers, who in the wake of the global credit meltdown have changed their pricing expectations; and vendors, who are looking for yesterday’s pricing in a much... 

Goldwasser Real Estate Set to Transform Industry with Focus on Quality Customer Experience Through Intense Agent Training and Technology

An economy on the verge of total collapse. Residential real estate markets are either stagnant or in great decline across the country. The public is in dire need of promising news about real estate. If you ask Chad Goldwasser, the timing is perfect to start a new real estate venture. And his venture is dramatically different than anything the industry has ever seen before. Formerly Keller Williams Realty’s number one real estate agent, locally and... 

Massachusetts Homes and Condominiums Went to Auction

Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted a scattered auction of nearly 75 single family homes, condominiums and town homes located in various Massachusetts, New Hampshire and Rhode Island communities. The auction started at 11 a.m., Sunday, November 16, 2008, at the Boston Marriott Burlington Hotel. Starting bids ranged from $25,000 to $200,000. Over 350 people attended... 

Auction Fever Hits the San Diego Area

Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of 14 luxury residences located in lovely Escondido, a thriving urban environment, just 30 miles northeast of San Diego. The elegant 1 and 2-story, four and five-bedroom residences ranging from 2,900 to 4,049 square feet feature formal entry foyers, spacious family and living and dining rooms. Published reserves for... 

Credit Market Condition Not Likely to Affect Plans to Build Green Buildings, Say 75% of Commercial Real Estate Executives Surveyed by Turner Construction Company

Despite the concerns about the availability of credit, 75% of the commercial real estate executives surveyed said they would not be any less likely to construct “green” buildings. Green buildings are designed to be more efficient in their use of energy, water and other resources and to create better environments for occupants. In total, 754 commercial real estate executives were surveyed for Turner Construction Company’s 2008 Green... 

ING Clarion Real Estate Income Fund “IIA” Declares Monthly Distribution for November

The Board of Trustees of the ING Clarion Real Estate Income Fund, which trades on the New York Stock Exchange under the symbol “IIA”, declared a monthly distribution of $0.045 per share for the month of November 2008. The previous monthly distribution amount was $0.115 per share. The following dates apply: IIA’s current distribution rate represents an annualized yield of 13.8% based on the closing market price of $3.90 on November 13, 2008... 

REALTORS(R) Help Buyers, Sellers, With Short Sales Solutions

When families lose their homes to foreclosure, communities, the housing market and the economy all suffer. Short sales are one way that some troubled homeowners can avoid foreclosure, and Realtors® at the Short Sales Solutions session today at the 2008 REALTORS® Conference & Expo gained valuable insights into how to facilitate these complex sales. “Homeowners who are struggling to make their mortgage payments must have more options available... 

Texas Realty Prices Double in a Decade, According to David Lewis, Founder of Lewis Realty Advisors

The last 10 years have been a decade of growth and significant realty value increases in Texas with many properties more than doubling in value, according to Lewis Realty Advisors, one of the oldest and most respected Texas-based real estate valuation and consulting firms. Job growth and the strength of the state’s economy boosted demand — and the prices — for office space, retail centers, manufacturing buildings and residential properties...