PORTLAND, Ore. – Portland REALTOR® David Somerville says recent housing stats released by S&P and Case/Shiller indicate that continued lower real estate prices in most markets nationwide along with sub-4% interest rates may mean buyers are getting more unprecedented opportunities to buy low. The nationwide study showed housing prices eased slightly in September on...
NEW YORK, N.Y. – Joel Herskowitz, whose legacy in New York City commercial real estate brokerage spans 27 years, has joined the newly formed Lee & Associates NYC LLC. Herskowitz, the former president and CEO of Grubb & Ellis New York Inc., takes on the title of COO, and whose duties also include broker...
ONTARIO, Calif. – Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has transacted the $3.94 million sale of the Class A Philadelphia Place Business Park located at 2810 Philadelphia St., in Ontario, Calif. Jeff Smith and John Seoane of Lee & Associates’ Ontario office represented the seller, Lampson Beach Properties, which sold...
LONG BEACH, Calif. — In one of the largest transactions in Long Beach this year, Lee & Associates, one of the nation’s leading commercial real estate providers, has closed a sales transaction of more than $20 million for the Park Tower, a 119,287-square-foot office building located at 5150 Pacific Coast Highway in Long Beach,...
CHARLESTON, S.C. – Mountain Real Estate Capital (MREC) (www.mountainrecapital.com) announces the acquisition of a loan portfolio from First Federal Savings and Loan Association (“First Federal”) in Charleston, S.C. An affiliate of Sandler O’Neill acted as exclusive financial advisor to First Federal in the asset sale which closed October 27, 2011. The portfolio is made...
Mississauga, ON – At its 13th annual convention held recently in Nashville, EXIT Realty Corp. International continued its corporate sponsorship of Habitat for Humanity pledging a further $250,000 bringing the total pledges to-date to $2.25 million. “We’re so proud to be associated with an organization like Habitat for Humanity,” said EXIT Realty Founder and...
SAN JOSE, Calif. – Jerry Garrity with San Jose property management company First Statewide Realty says it’s still possible, even in these tough economic times, to maintain a positive cash flow on real estate investments. As property values fluctuate with regional and macroeconomic factors, he says his investor clients stay in the game through...
Westchester, NY – Westchester real estate broker J. Philip Faranda of J. Philip Real Estate has launched a new website designed for consumers to more easily search for New York real estate. The site, www.HomeSpotters.com, breaks down the local real estate markets into counties and their most popular cities, making it easy for buyers...
ORLANDO, Fla. – Many potential Orlando area home sellers have been discouraged by weak real estate prices from selling their homes, but Florida real estate agent Jonathan de Jesus says selling still makes financial sense for many homeowners. This is because the changes in homeowners’ lives aren’t always timed with the Orlando real estate...
Meridian, ID – As existing home inventory in Meridian, Idaho shrinks, local real estate agent John Espinosa says sellers can benefit by seizing the opportunity in the market to get a better price than they might have gotten otherwise. Espinosa says that while the market is not a seller’s market by any means, some...
Responding to increased market demand, Bowman Consulting has expanded its existing transportation services in the areas of traffic engineering, transportation planning, roadway design, right-of-way acquisition and relocation assistance services. Three strategic hires have joined the firm to enhance the firm’s capabilities in these areas: Sr. Transportation Project Manager John D. Riley, PE joins Bowman...
Irvine, CA – Keystone Pacific Property Management, a leading community association management company providing management services to community associations throughout Southern California, has recently promoted Griselda Sapiens to management division project coordinator. Sapiens served as a receptionist since joining the firm in 2007. “Keystone Pacific is very proud to announce Griselda’s well-deserved promotion,” said...
Huntington Beach, CA – Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed the purchase and sale of an 11,200-square-foot industrial building at 15311-15323 Pipeline Lane in Huntington Beach, Calif. The 100-percent leased building sold for $1.2 million or $107.14/square foot. The building was marketed by another firm for a year....
Tempe, AZ – Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the 24,452-square-foot Crossroads of Tempe retail center in the Arizona town. It is the company’s latest transaction toward the company’s value-add program, to which it has earmarked $100 million in purchases. “Crossroads of Tempe fits...
Aliso Viejo, CA – Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed the $1.95 million sale of a 7,068-square-foot, single-story, pre-school facility located at 10 Mareblu in Aliso Viejo, Calif. Senior Vice President Allen Basso of Lee’s Irvine office handled the transaction. About Lee & Associates Celebrating 32 years of...