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PRC Property Market Q1 2008 Highlights Both Growth and Caution
(Real Estate News and Information) Despite the implementation of further macroeconomic controls in late 2007 Chinas property market continued to expand in the first quarter of 2008 as research by CB Richard Ellis has now revealed Highquality new supply is shifting demand in major cities as MNCs and major domestic firms expand and upgrade The investment property market remains healthy though investors must be increasingly careful with offshore ownership structures However developers are proceeding with caution many have postponed IPOs in Hong Kong and on the mainland due to recent equity market volatility North China In the first quarter of 2008 the major cities in North China Beijing Tianjin Dalian and Qingdao witnessed an upward trend in the prime office market with the average rental increasing slightly aside from a slight 02 drop in the Qingdao market Since a number of new projects were put into operation in this quarter the average vacancy rate increased overall although Tianjins rate fell to 152 as there was no new supply in that city In the prime retail market with new properties opening in the peripheral areas of Beijing the average rental dropped 02 qoq but rental in Tianjin Qingdao and Dalian kept growing Take up increased in Beijing and Tianjin but vacancy levels were up 02 percentage points in Qingdao and 01 in Dalian In the luxury residential market quoted prices in Beijing dropped 34 qoq after dramatic growth in 2007 while prices sustained steady increases in Tianjin Dalian and Qingdao With the upcoming Olympic Games increasing demand has continually boosted the luxury residential leasing market With strong demand prevailing in the overall market the average rental of industrial properties edged up in each of north Chinas four major cities East China In the office sector there was a spurt of new supply was witnessed as seven new buildings were launched in Shanghai and three in Nanjing All the major urban markets except Ningbo achieved positive rental growth while the growth rates of Hangzhou and Nanjing accelerated Due to the traditional offseason and less optimistic market sentiments the residential transaction volume remained low in all markets However there has not been a downward correction in prices although the growth rate has slowed Hangzhous ground and first floor retail rents demonstrated significant growth of 95 and 77 respectively while retail rents in all other major markets also trended northward Tight supply remained No new retail premises came on stream in any of East Chinas major cities On the back of tight industrial land supply the industrial property market in all east China cities remained buoyant All major markets have seen stable growth in both industrial land prices and facility rents South China Two Grade A office schemes China International Center and Victory Plaza were completed in the first quarter bringing over 200000 sm of prime office space to the Guangzhou market China International Centre is now the highest building in Yuexiu District In Shenzhen highquality office space in new buildings continued to be rapidly taken up by MNC tenants on a largescale basis Target and Sony took up 5500 and 1500 sm respectively in Phase 1 of Kerry Plaza in Futian CBD while AIA precommitted to 6000 sm in Times Technology Building which will be completed later this year Primary luxury residential prices slipped in Guangzhou Shenzhen and Xiamen this quarter as further macroeconomic controls went into effect Sales volumes remained low in all three markets despite aggressive discounts being offered West Central China Prime office retail and industrial property rents in Chengdu were all on the rise while the rents and sales prices of luxury apartments stayed stable The continuously booming retail market prompted the first major acquisition of 2008 as Suning bought the retail part of the Flourish Building for RMB 300 million In the first quarter of 2008 Wuhans prime office luxury apartment and prime retail sectors witnessed an upward trend in average rents and prices The vacancy rate of Wuhans prime office and retail property also declined this quarter In the industrial sectorrents remained stable while land prices continued to rise Wuhans fifth New World Department Store opened in Xudong Avenue this past quarter with a GFA of 30000 sm...
Online Real Estate Company Expands Nationwide Buy a Foreclosure Home Division
(Real Estate News and Information) Foreclosures and the American real estate markets price declines have continued to dominate news headlines across the country for well over a year but one company is bucking the bad news trend Sacramento CAbased The Home Buying Centercom wwwTheHomeBuyingCentercom has been helping connect home sellers who want to sell a house quickly with investors for years and they have expanded their service offering last year to help consumers find and buy foreclosure homesFor the first time homebuyer who waited until now to buy a home the deals are everywhere said company president Patrick McGilvray JD CFP Its important that prospective buyers understand that buying a foreclosure house can be a great opportunity to buy a house at a cheap price and they must be aware of some of the possible pitfallsThe pitfalls McGilvray mentioned can include buying houses in an asis condition with hidden problems that may not have been visible during a casual inspection such as dry rot or problems with a cracked foundation Buyers he cautioned must do significant homework before signing on the dotted line Additionally he said that it is crucial for wouldbe home buyers to be prequalified for a mortgage loan Thats why working with a team like ours can be a real advantage McGilvray said We provide the consumer access to the nations largest network of foreclosure and preforeclosure homes via thousands of real estate investors and real estate agents who specialize in bank owned homes We also have the resources needed to help hopeful house buyers get qualified for a mortgageThe company was originally founded as a website devoted to connecting people who wanted to sell a house quickly at a discount to a real estate investor but because of requests from customers they started offering a foreclosure location service for buyers in 2007 McGilvray said that their company has been growing rapidly since their inception and that they had recently taken some venture capital money in exchange for equity from an angel investorDespite the downturn in Americas housing market which McGilvray thinks could still take years to fully recover from he is optimistic about real estate services and the internets ability to connect consumers with exactly what they are looking for quickly and easily When asked where he thought should consumers turn to first to help them find answers to their real estate questions he answered with a smile Other than The Home Buying Centercom Why Google of course...
CB Richard Ellis Group Inc Joins Forces with Vanke in China
(Real Estate News and Information) CB Richard Ellis Group Inc the largest global real estate services provider and Vanke the largest residential developer in China recently announced that they have established a joint venture to provide residential property management services in China The partnership intended to leverage the leading edge capabilities of both organizations via the combination of strong local market knowledge and expertise with international best practices also represents a new business model within the real estate industry in China A signing ceremony was held in Shenzhen last week attended by Rob Blain Chairman CEO for CB Richard Ellis Asia Pacific Chris Brooke President CEO for CB Richard Ellis Greater China Alfonso Chu Executive Director Asset services for CB Richard Ellis Greater China Yu Liang President of Vanke Xie Dong Executive Vice President of Vanke and Larry Hui Vice President of VankeUnder the terms of the agreement the joint venture will be jointly managed by representatives from both companies The venture will be headquartered in Shanghai and will provide property management services to high end residential properties developed by Vanke and its subsidiaries and affiliates These properties will include a wide range of projects including single family houses town houses serviced apartments and luxury apartments The venture is expected to be operational by 1 October 2008 We see the partnership not only as a major step forward in terms of the growth of our Asset Services business line in China but also as an important milestone in relation to our development strategy within Greater China The joint venture will be well placed to leverage international best practices from within the global network of CB Richard Ellis which can then be adapted to the market in China based upon the local knowledge and expertise of both parties We look forward to successful collaboration with Vanke in relation to this venture as well as the development of a long term strategic partnership with Vanke going forward said Chris Brooke Vanke is fully committed to developing mainstream residential projects in various cities and to delivering an excellent customer experience via the provision of high quality residential products and superior services The endeavour announced today forms part of our strategy to collaborate with other companies We believe that by using the very powerful property services platform and extensive track record of CB Richard Ellis Vanke will be able to enhance its service quality levels as well as service innovation in relation to highend property management services In addition it will be beneficial for Vanke to offer a full range of products and services and deepen Vankes understanding of advanced international practices so as to reinforce Vankes market competitiveness going forward said Yu Liang Over the past decade CB Richard Ellis has focused upon building business capabilities across Greater China and has become a leader in the real estate market in the region CB Richard Ellis currently has fourteen offices throughout Greater China with offices in mainland China as well as Hong Kong and Taiwan The company plans to further expand the geographical coverage and range of services offered to clients throughout Greater China The Asset Services business line at CB Richard Ellis one of the leading business lines of the company in Greater China provides property management services in accordance with the global standards of the company The services provided are designed to reflect and satisfy the diverse needs of clients based upon unparalleled quality and the latest technologies With a strong presence in Greater China the Asset Services business line currently manages a large portfolio of commercial retail industrial and residential properties providing services spanning property and tenancy management facilities management asset management and CBRE System Solutions...
ALB Commercial Capital to Pursue National Broker Strategy
(Real Estate News and Information) ALB Commercial Capital wwwalbcommercialcapitalcom an Altadena CAbased small balance commercial lender announced today that it is preparing to launch a national brokeraffiliate strategy that will expand its presence in all 50 states ALB Founder and Director Leonard Manriquez stated The chorus of media reports about the current economic slowdown have led many to believe that now is the time to assume a defensive position in the marketplace I dont believe that I firmly believe that right now there are a lot of good brokers working on good deals who just need a financial partner to provide them with access to capitalUnlike a traditional franchise model ALB is finetuning a brokeraffiliate model that will provide brokers throughout the country with a turnkey resources to establish or grow a commercial real estate practice by capitalizing on economies of scale that a large established company like ALB can provide The program is expected to launch later this summerManriquez commented We expect to launch our national strategy within the next 6090 days Our research has proven the validity of our concept and the broker feedback we have received has been 100 positive We are confident that in short order ALB will be among the most active players in the small balance commercial lending sectorAnnual loan volume in the small balance commercial loan sector has grown steadily in recent years Projected loan volume for 2008 is 200 billion nationally up from 130 billion just four years ago Greater Los Angeles which is ALBs base is a 3 billion market itself The average size of a smallbalance commercial loan is 750000Founded in 2001 ALB originates multifamily and commercial loans for income properties ALBs established lending sources range from portfolio lenders conduit lenders savings and loans insurance funds private money credit unions Fannie MAE and other capital market groups ALB is a wholesale representatives and correspondent with loan programs that enable the company to originate loans nationwide...
GOMOTEXTCOM Launches a New Text Messaging solution for Real Estate and Introd...
(Real Estate News and Information) GOMOTEXTCOM a leading provider of mobile messaging and marketing solutions today announced their new White Label Reseller programGOMOTEXT offers a low Reseller setup fee which includes the White Label costs There is no Monthly maintenance fee for a White Label solution which is unlike the competition which charges a minimum maintenance feesHere are the benefits of GOMOTEXT White Label SMS programnbspnbspnbspnbspFully brandable with your own logo color scheme and URLnbspnbspnbspnbspSet your own price pointsnbspnbspnbspnbspFull access to statistics and and reportsnbspnbspnbspnbspWeb based management interfacenbspnbspnbspnbspUnlimited Sub KeywordsnbspnbspnbspnbspUnlimited user accountsWe have made it simple for marketers to start their own Mobile Marketing Company by white labeling of backend for them said Roni Dhar CEO GOMOTEXTCOMIn addition GOMOTEXT also launched of RITRACKERCOM v20 a text messaging service that provides buyers with information and photos sent directly to their mobile phoneWith the RI Tracker Text Messaging service realtors can now track and interact with the buyers by offering them INSTANT on the spot details and photos of the property RI Tracker allows realtors to have the buyers initiate the contact in a non intrusive way The home buyer sends in a simple text message and the RI Tracker responds with PHOTOS PRICING and ADDITIONAL INFO instantly to their mobile phoneThats not all RI Tracker sends the listing Real Estate professional the mobile number of the prospect instantly while they are still at the house Realtors can receive a text message or an email based on thier preference Using this unique technology it becomes possible to identify quality leads which normally would have just slipped throughFor more information visit RITRACKERCOM Or call us at 18664369011 About GOMOTEXTCOMGOMOTEXTCOM based in Lewisville TX has assembled one of the most technologically advanced mobile marketing platforms in the industry to help brand marketers agencies wireless carriers and content providers engage consumers oneonone via mobile marketing campaigns The company leverages longterm relationships in music sports and entertainment to develop campaigns for its customers that include mobile messaging mobile content provisioning and delivery...
Investment Properties in Booming Sao Paulo
(Real Estate News and Information) Property Frontiers httpwwwpropertyfrontierscommainaspx announce a unique opportunity to buy Brazilian property httpwwwpropertyfrontierscomdevelopmentsbrazilvisionsaopaulohtml and enter the booming Sao Paulo investment market For a limited time only the Oxford based International Property Consultants have an exclusive allocation of luxury apartments at the heart of Brazils richest city and are one of the few UK agents offering a way into what is one of South Americas most promising investment markets The second largest city in the world with 20 million inhabitants in its central zones and proficient infrastructure systems Sao Paulo produces 30 of Brazils entire GDP and is one of the countrys most valuable industrial cities It also has a property market that is unique in that it is fuelled almost entirely by local demand With the new availability of mortgages for locals and the middle classes becoming increasingly wealthy internal demand is soaring as Brazilians enjoy increased purchasing power According to Sourcing Manager James Black annual rental yields range from 9 lt 14 and very high pricegrowth is expected Thanks to the thriving local market any new developments brought on line in Sao Paulo usually sell out within weeks meaning there is little and often no opportunity for international investors Units are rarely released to foreign channels simply because developers do not need to take their sales outside of Brazil The opportunity to invest in Vision Campo Belo httpwwwpropertyfrontierscomdevelopmentsbrazilvisionsaopaulohtml then is exciting Located in a sought after suburb these investment properties in Brazil httpwwwpropertyfrontierscomcountriesBrazilaspx will appeal to the young professional population and are close to the key business districts of Itam Bibi and Moema Units enjoy a variety of health and leisure facilities complemented by cuttingedge technology concierge and valet services Crucially these apartments are small in size making them affordable and attractive for young professionals to purchase or rent 51sqm apartments are available from 78500 and 20 discounts are in place for 100 upfront paymentsFor more information on Vision Campo Belo Sao Paulo or property in Brazil httpwwwpropertyfrontierscomcountriesBrazilaspx please contact Emma Holifield eholifield propertyfrontierscom 01865 202700...
Latin America Real Estate Site Heralds Top Ranking for Retirement in Mexico
(Real Estate News and Information) Latin American Home Investment an online network that offers information about Latin America real estate is pleased to announce that Mexico has been named the best place to retire by International Living The popularity of retirement in Mexico has been growing exponentially in recent years for a number of reasons as this recent ranking in the magazines Global Retirement Index proves Americans and Canadians who have chosen to retire in Mexico already know the benefits of purchasing real estate south of the border The real estate in popular tourist destinations like Puerto Vallarta Punta de Mita La Paz and Manzanillo is inexpensive goods and services are very affordable and quality medical services are a great deal With familiar chain stores and restaurants popping up everywhere in addition to the friendly traditional Mexican restaurants and shops retirees also feel at home after they retire in Mexico Not to mention the sunny weather and beautiful landscapes Mexico retirement was ranked 1 by International Living based on a series of criteria including cost of living infrastructure healthcare safety and stability real estate special benefits and immigration perks As the team at Latin American Home Investment knows Mexico offers tradition and beauty combined with contemporary living and all the amenities that go along with it There are many great areas to retire in Mexico where ones quality of life can go up as the cost of living goes down This is just what many retirees are looking for right now About Latin American Home InvestmentLiving in Latin America is becoming more popular than ever before An array of choices between communities cities and land developers has come with that popularity Latin American Home Investment has built a home for communication input and suggestions for the best and worst Latin American Real Estate Opportunities Their goal is to assist those seeking to retire invest and relocate to Latin America Latin American Home Investment provides access to basic relocation and purchasing information forAcapulco Mexico Argentina Baja California Mexico Belize Cabo San Lucas Mexico Cancun Mexico Central Mexico Costa Rica Guatemala Mayan Riviera Mexico Mexican Riviera Nicaragua Panama Puerto Vallarta MexicoFor more information about Latin America real estate and the low cost of retirement in Mexico visit wwwlatinamericanhomeinvestmentcom...
Mega Shop In Hong Kong For Sale By Public Tender
(Real Estate News and Information) CB Richard Ellis has been appointed by the owner as the sole agent to market the sale of GF and MF Hang Lung Bank Tsimshatsui Branch Building 4648 Granville Road in Tsimshatsui by way of public tender The tender closing date is 1200 noon on 31 July 2008 ThursdayThe property comprises of the whole of GF and MF which are connected by an internal staircase and has a total saleable area of about 6000 sq ft The GF shop occupies 4000 sq ft and enjoys an extensive frontage of 33 feet onto Granville Road Located in the heart of Tsimshatsui the property is within close proximity to the MTR exits and commands considerable pedestrian flow which is inevitably a golden investment opportunityHong Kongs retail market has been benefited from the increasing number of mainland visitor arrivals The buoyant purchasing power of the mainlanders resulting from the continued appreciation of RMB has stimulated a strong demand for retail shopsTsimshatsui has long been one of the most prosperous shopping and tourist districts in Hong Kong and the shops in this area have high potential of rental growth In addition upon the completion of the URA hotel redevelopment project at Hanoi Road and the retail complex redevelopment projects at the former Hyatt Regency and Tung Ying Building in the coming years Tsimshatsuis status as Hong Kongs premier shopping destination will be further strengthened said Mr Henry Lam Executive Director of Investment Properties for CB Richard Ellis Hong KongRecently there is a market rumour that the whole block of 53 Carnarvon Road was transacted at HK215 million with an average unit price of about HK107500 per sq ft In mid of 2007 the GF shop of 43 Granville Road was sold at around HK80600 per sq ft saleable area The subject property is to be sold with vacant possession and is suitable for both investment and selfuse The sale price of the property is expected to be in excess of HK270 millionFor enquiries relating to the sales matters for this project please contact Mr Henry Lam Executive Director of Investment Properties for CB Richard Ellis Hong Kong at 852 2820 2835...
Miamis Best Mover Introduces Green Boxes and New Box Discounts
(Real Estate News and Information) Miamis best mover FlatRate Moving httpwwwflatratecomfl is already a proven winner with local South Florida audiences and Citysearch members Now the acclaimed moving company continues its trend as a local industry leader with the introduction of new and environmentally friendly moving materials and boxesThe new ecofriendly boxes now available from FlatRate moving are made from 100 recycled materials and offer top quality sturdy craftsmanship and a wide variety of available sizes and uses They can be ordered online with the ease of a few mouse clicks To celebrate its new green boxes and materials FlatRate Florida is currently offering a 50 discount on all boxes and will also happily deliver boxes and materials directly to the customers door anywhere in the Miami area As the best mover in South Florida FlatRate is committed to quality in every aspect of its business from highly trained moving specialists to superb moving supplies comments Relocation Consultant Natalie Moore Were very excited to be able to offer these new green boxes to our customers which are not only 100 recycled but smart sturdy and wellengineered in every way FlatRates new green boxes come in a variety of useful sizes and the company will even provide them with preprinted labels specifying room designations and commonly associated categories such as Books China and moreFlatRate Florida offers support on every aspect of the moving process from planning and packing to transport unpacking and more Its wide variety of relocation services extend beyond Miami to include local national and international moving support originating from throughout South Florida to the rest of the US and beyond For more information on FlatRate Miamis new EcoFriendly boxes and materials or for additional information on pricing or delivery areas please contact FlatRate Miami at 305 6225262 or httpwwwflatratecomfloridageneralboxesmaterialshtmlAbout FlatRate FloridaProudly voted Miamis Top Mover in the most recent Citysearch polls Miamis FlatRate Moving sets the standard for all other South Florida Movers and stands among the top 5 of companies with the Better Business Bureau with zero complaints in the past 36 months The company has achieved rave reviews from customers as well as superb editorial ratings awards and more and is known throughout South Florida as its top mover of choiceFlatRate Florida is one of five superb locations offered by FlatRate Moving nationwide With a flagship location in New York City and with three other strategic locations across the US in New Jersey Washington DC and Los Angeles Flatrate Florida is part of an ongoing commitment to flatrate pricing with no hassles and no surprises FlatRate Florida is able to meet the needs of any move from residential to commercial and from local to crosscountry or even overseas moves Committed to integrity and to earning the goodwill of its customers FlatRate Floridas excellence and honesty within the moving industry has made the company the mover of choice in South Florida today and that commitment has directly led to its latest Citysearch award The company is also committed to giving back to the community on a local and international level as wellFor more information on FlatRate Florida please visit httpwwwflatratecomfloridamoverhtml Meanwhile to view FlatRate Floridas Best of Citysearch Award results please click httpmiamicitysearchcombestofwinnersmover...
Only 3 States Left with Real Estate Appreciation
(Real Estate News and Information) Despite a national real estate market slow down leading the majority of US housing into an alltime depression there are still exceptions to the rule with markets that have appreciation according to the latest Housing Predictor survey Only three states remain on the annual Housing Predictor state appreciation list and all three are benefiting from the energy crisis with growing local economies Strong oil and natural energy reserves give the three the likelihood to continue with appreciating housing markets through the remainder of 2008Housing Predictor forecasts more than 250 local housing market futures in all 50 states and has attained one of the highest levels of accuracy with its forecasts for any research firm in real estate forecasting The overwhelming majority of states are in real estate depressions according to the latest survey of real estate markets by Housing Predictor Record breaking numbers of foreclosures have led to a national economic crisis precipitated by new creative mortgages Rising gasoline commodity and grocery prices are adding to the nations economic woesIn Washington DC lawmakers are working on a series of proposals but it seems that theres little hope it will help resolve the real estate crisis President George W Bush has threatened to veto any plan that has any sort of bailout provisions for homeowners Housing Predictor was the first to forecast the foreclosure epidemic and is currently forecasting a total of 56million foreclosures through 2011 Falling home values have made it more difficult for homeowners and new home buyers to obtain financing as interest rates rise The deflationary marketplace is sending the majority of the countrys home prices to new modern day lowsTo check your market forecast the states that still have enough appreciating markets to make the annual Housing Predictor list and search real estate listings visit httpwwwhousingpredictorcom...
HomeFix Corporation Guarantees Energy Savings with Vinyl Replacement Windows
(Real Estate News and Information) HomeFix Corporation a leading provider of vinyl replacement windows and vinyl siding is proud to announce that their Xtreme Window and Siding line is guaranteed to save their customers between 25 and 55 off their energy bill HomeFix Corporation can be found online at httpwwwhomefixcorporationcomThanks to their exclusive Xtreme line of vinyl replacement windows httpwwwhomefixcorporationcomwindowshtm and vinyl siding HomeFix Corporation is now guaranteeing that their customers will see a 25 to 55 savings in their energy bill This comes as great news as the cost of oil and other natural resources continues to rise placing the burden of paying for increasing energy costs on the consumerAs a leading Glen Burnie MD Home Improvement httpwwwhomefixcorporationcom Company HomeFix has been helping their customers improve the look and feel of their homes for years but with the guarantee of a reduced energy bill during this time of a rising energy crisis its the hope of HomeFix Corporation that the promise of a reduced energy bill will encourage more people to take the next step and contact themWere really interested in helping people save money on their energy bill George Dunning of HomeFix Corporation said Its not easy paying for the rising energy costs but thanks to our Xtreme Replacement Windows and Vinyl Siding homeowners can save money when they need to the mostAbout HomeFix CorporationHomeFix Corporation is a leading provider of vinyl replacement windows vinyl siding httpwwwhomefixcorporationcomsidinghtm roofing and replacement doors with locations in Maryland Virginia and New Jersey Their commitment to excellence has lead to the completion of over 40000 jobs without a single complaint HomeFix Corporation is part of the Better Business BureauContactTravis Guilbeau4437983374httpwwwhomefixcorporationcom Press ContactGeorge R Perryhttpwwwbigoakinccom...
Syncon Homes Opens a New Home Community in Morgan Hill and Offers Reduced Fir...
(Real Estate News and Information) Lone Oak Farms is the newest of the Syncon Homes New Home Communities This new home community in Morgan Hill California strikes a perfect balance between the past the present and the future Lone Oak Farms by Syncon Homes comes complete with a historic farm house and towering oak tree and brings back reflections of a simpler time when new homes were built with quality and neighbors were friends As part of the Morgan Hill Unified School District and close to all of the colleges and universities of the Bay Area Lone Oak Farms by Syncon Homes is easily accessible to many highly rated educational facilities Whether your kids are just starting school or you are pursuing a degree you can rest assured that you are close to the best educational opportunities available Offering five unique floor plans ranging in size from 2112 to 3846 square feet with 3 to 6 Bedrooms and 2 to 4 Bathrooms Lone Oak Farms by Syncon Homes has a variety of designs spacious enough to entertain your family and friends Lone Oak Farms blends old world design with new world technology and offers environmentally conscience options including solar power From the floor plans to location and amenities to sense of community Lone Oak Farms offers everything you want in your new home We are all very excited about opening Lone Oak Farms in Morgan Hill With our commitment to quality the great location in Morgan Hill and the volume of people who have already expressed interest we are confident that Lone Oak Farms will be a hit said Zach Streight Director of Marketing for Syncon Homes Pricing for these new homes in Morgan Hill starts in the high 600000s To visit Lone Oak Farms by Syncon Homes from Highway 101 exit Tennant Ave and go west Turn right on Butterfield and then turn right on Barrett Ave The Lone Oak Farms Sales Office is on the left so look for the blue and white Syncon Homes flags For more information on Lone Oak Farms by Syncon Homes or the special first release pricing please call Tony Lupina the new home Sales Manager at 408 2184886 or visit the Syncon Homes website at httpwwwsynconhomescomloneoakfarmsBuilt upon three generations of homebuilding expertise Syncon Homes is a company that prides itself on building superior homes Syncon Homes was just the 7th Builder in the Country to have all divisions recognized as Quality Certified by the National Association of Home Builders Syncon Homes has communities throughout California and Northern NevadaContactZach StreightDirector of Sales and MarketingSyncon Homes9167725221wwwsynconhomescom...
CB Richard Ellis Sells The AtriumOrchard For 8398 Million
(Real Estate News and Information) CB Richard Ellis CBRE is pleased to announce the sale of The AtriumOrchard to CapitaMall Trust at a price of 8398 millionThe sale price translates to approximately 2248 per square foot based on a total net lettable area of approximately 373446 square feet and was sold on a fresh 99year leaseThe Singapore Land Authority SLA appointed CBRE to handle the sale late last year CBRE conducted an Expression of Interest EOI for the Grade A office building which closed on 22 February 2008CBREs Jeremy Lake Executive Director Investment Properties said This EOI exercise saw keen interest from both local and foreign investors who were attracted to the strong cash flow and very high building specifications We are still seeing a good level of interest from investors for quality office assets despite the huge writedowns by some of the major global banksCompleted in 2002 the building comprises 2 office towers of 7 and 10 storeys respectively with retail space on the ground floor This property sits on a land area of 9575 square metres with a net floor area of about 34620 square metres The AtriumOrchard presents an excellent opportunity for its buyer CapitaMall Trust to create a highly visible retail junction as it is situated along Orchard Road Singapores premier shopping belt and is adjacent to Plaza SingapuraThis is the fourth major transaction that CBRE has handled this year Earlier this year CBRE sold Singapore Power building for 101 billion Hitachi Tower at 811 million and most recently advised the purchaser of 71 Robinson Road which sold for 744 million From 2007 to date CBRE has chalked up a total of approximately 590 billion in investment sales...
Lake Oconee Community Galingayles Founding Memberships are Filling Quickly
(Real Estate News and Information) Galingayle a private lake club and equestrian Lake Oconee community httpwwwgalingaylecomlakeoconeerealestaterealestatehtml continues its early success in the competitive market for lakefront homes in the Atlanta area Located just an hour east of Atlanta and 15 minutes from downtown Madison GA Galingayle enjoys more than 300 acres and nearly two miles of pristine waterfront real estate near the northern end of Lake Oconee To date Galingayle has filled all but 11 of the available reservations in their Founder Program with incentives worth up to 70000 on a limited collection of waterfront homesites multiacre equestrian estates and private lakeside cottagesThe centerpiece of the communitys private Lake Club will be a 90slip marina on Lake Oconee httpwwwgalingaylecomlakeoconeeamenitiesamenitieshtmls widest and best waters for skiing and wakeboarding The Lake Clubs grand lakeside Clubhouse will boast a resortstyle pool and kids water park as well as a private beach fitness center and open patio In the heart of the 300acre property The Stables at Galingayle will feature a stateoftheart equestrian facility with 20stall barn riding arena boarding leasing lessons kids camp programs and several training and riding programs An 80acre fenced riding pasture will surround the Stables with access to the communitys hiking bridle trailsWith wooded waterfront homesites multiacre equestrian estates and a collection of private cottage lots available the community plan features ownership opportunities for a variety of buyers The community will be home to approximately 230 families leaving more than 100 acres of open space and pristine hardwood forests for everyones enjoyment Throughout the property comprehensive architectural guidelines will ensure a consistent style and natural community atmosphereEven in the early predevelopment stages demand is high for Galingayles unique lakefront offering with over half of the reservations already filled for the developments exclusive 25 Founding Members Reservation holders can choose from an exclusive release of prime waterfront homesites multiacre equestrian estates and private lake cottages with incentives worth up to 70000 These incentives include 18 months interest paid full sponsorship of club memberships no fees for 3 years and preferred pricing on boat slips for offwater homesites To date over 4 million in real estate has been reserved through the Founder Program with just 11 spaces left before the program closes The early success has even led to the hiring of an additional fulltime sales person in the Galingayle Sales Information Center located in downtown MadisonWeve enjoyed an incredible response especially considering the slow real estate market says Blake Jarrett Director of Sales at Galingayle Once people visit the community they understand the value in our product and the incentives being offered it makes sense for both second home and primary residence lifestyles Theres just no other development that offers such easy access to the lake Madison and AtlantaFor more information on becoming a Founding Member of Galingayle visit wwwGalingaylecom or visit the Galingayle Sales Information Center in historic downtown Madison at202 W Washington StMadison GA 306507063421559Hours of OperationMonday Saturday from 10 am 7 pmSunday from 12 pm 6 pmAnd by appointmentAbout GalingayleJust an hour from Atlanta and 15 minutes from Madison Galingayle is an exclusive lake club community featuring multiacre estates private cottages and waterfront homesites on Lake Oconee Set on approximately two miles of constantlevel waterfront a select number of families will enjoy more than 100 acres of preserved open spaces a 90slip marina stateoftheart equestrian facilities hiking bridle trails fitness center tennis center and a lakeside clubhouse and water park with spectacular views across the widest part of the lakewwwGalingaylecom...
Zone Code Change in Huntington NY Will Encourage Assisted Living Development ...
(Real Estate News and Information) A new zoning code amendment enacted by the town of Huntington will facilitate the development of assisted living facilities in the Suffolk County town a local zoning attorney saidUntil now the zoning code was very restrictive and prevented the development of assisted living facilities in the town of Huntington due to its technical requirements said Keith P Brown a partner in the Garden City law firm Brown Altman LLP which represents many Fortune 500 companies including assisted living facility operators Practically speaking the code did not permit yields that made these projects viable Brown said The town board and planning staff responded to the industrys concerns by completely revamping the code to make these projects more economically feasible Town Supervisor Frank Petrone and the Huntington Town Board also recognized that assisted living facilities are greatly needed in light of our aging population Brown added The new zoning category called RHS Residential Health Services will allow operators of assisted living facilities and other senior facilities except senior housing to build properties at greater densities than previously permitted and in more areas of the town than formerly allowed Previously assisted living facilities and other senior facilities were included in the same zoning classification as senior housing Approved on June 11 by the Huntington Town Board the RHS zoning district will permit the construction assisted living facilities with units of a minimum size of 2200 square feet compared with units of 3000 square feet before the zoning code change The new zoning provision leaves the 5acre site requirement unchanged The new code requires that 30 percent of the property be landscapedThe new zoning will allow development of assisted living facilities along arterial roads such as Jericho Turnpike in addition to collector streets Brown added It will also allow developers of these facilities to reuse underutilized commercial sites in the town Brown saidProcedurally any assisted living facility will require a change of zone application to the town board This will permit the town board to exercise greater control over the zoning approval process for assisted living facilities Brown said The old zoning required the issuance of specialuse permits by the Huntington Zoning Board of Appeals which could be challenged in court A change of zone is considered to be a legislative act and is virtually impossible to challenge in court he notedHuntington which encompasses 93 square miles has a population of 195289 people according to the 2000 census Census figures show that 13 percent of towns population is 64 years or more and 25 percent is aged 45 to 64 yearsBrown Altman LLP offers a broad range of legal services to the real estate development industry The firm concentrates on the complex field of commercial real estate law including real estate transactions leasing financing title environmental zoning permitting and litigation Brown Altman is located at 585 Stewart Ave Garden City NY 11530 The telephone number is 516 2220222 and the email address is kbda brownaltmancom...
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