Archives for January 2011

The American Dream and Other Fairy Tales



The shrinking American Dream. No one wants to talk about it, no one wants to admit we may be living in a time when America lost its sense of purpose, when a shift in thinking away from the family home emerged as the trend. When “boomers” watched Gone With the Wind, few imagined that classic tale could paint America’s future. Is the dream just a fantasy?

Detroit Real Estate Tough, But Looking Brighter



Detroit real estate, residential and commercial, may be on its way back according to new reports. Where other city real estate industries have not yet bottomed out apparently, Detroit appears headed back up the profitability ladder. A panel at the University of Michigan School of Business said last week that opportunities are emerging.

Pittsburgh Named 4th Best Market in 2011 by Zillow.com



Pittsburgh is one of the few cities where home prices are not just increasing on a yearly basis, but on a quarterly basis too. Showcased in a ABC News video Zillow reported that half of the homes in Pittsburgh are increasing in value. With the median home price of $110,300, a strong working economy, and home values that continue to tick upward ahead of the national average — Pittsburgh is a tremendous place to consider moving!

LaSalle Leads Global Investment, Acquires Prime London Site



LaSalle Investment Management, Inc. has partnered with Curtis Real Estate (CRE) to acquire prime real estate at an industrial site on White Hart Lane in Tottenham, a district of North London. When the plan is approved, the seven acre site will be one of the first major industrial space developments in Greater London in many years.

Duke Realty Begins Closing On Premier



South Florida commercial real estate sales stand to get a shot in the arm to start the 2011 year. With the biggest-ticket sale in Southern Florida history, Duke Realty Corp. has begun closing on a $450 million purchase of buildings from Premier Commercial Realty.

ProLogis AMB Merger Solves A Wealth of Problems



In news from the commercial sector, Denver based ProLogis, and AMB Property Corporation of S.F. announced on Wednesday their merger negotiations. These two publicly traded companies are the two largest players within the warehousing and distribution center realm. Some experts suggest the merger is nothing more than an effort to make economies of scale more reaonable for the two. ProLogis has lost millions due to logistic nightmares and other such inefficiencies spotlighted by the financial crisis worldwide.

Inland Real Estate Group Among 10 Largest Equity Managers



Inland Real Estate Group of Companies Inc. named as one of the 10 largest managers of real estate equity assets in the world. With total managed assets in excess of $25.8 billion, Inland has managed to accomplish what not many could, ranking it among the top. Inland Institutional Capital Parnters strategy is to seek out large-scale investment opportunities for institutions, as well as Inland’s own real estate companies. They first launched their institutional fund in 2005 and have since formed investment partnerships in some of the worlds largest pension funds.

Senior Living Community Opens in Fredericksburg Soon



The Crossing At Falls Run is a brand new Fredericksburg, Virginia senior community scheduled to open later this year. A development of Harmony Senior Services, the community will feature a fairly vast array of services, amenities, and products no other such provider in the area offers. Senior citizens have a great new living environment to check out in Virginia.

Marnie Bennett: Being the Best in the Worst of Times



Keller Williams Realty International announced Marnie Bennett as their number one real estate professional last year. How could they not? In these, some say the worst of economic times, leading by example is all the more important. For the real estate professional who is suffering, take note of the extraordinary success of one woman.

Real Living Introduces Broker Platform and New Website



Real Living announces a new technology platform of brokers and agents, and a relaunch of their popular RealLiving website. With new tools to help users take advantage of the flexibility of the web, Real Living hopes to engage and assist a great number of professionals in the real estate community, as well as those who want information about industry topics.