Real estate investors should pay close attention to Cleveland. So argues Ingo Winzer, president of Local Market Monitor, a firm that produces forecasts of home prices, rents and investment risks in markets nationwide, in this piece for Forbes.com that identifies the best markets for real estate investments in 2019. Here's how he begins: This coming year, most real estate investors will want to stay away from the cities with soaring prices, where they're more likely to end up holding the bag than to strike it rich. You can never know when a real estate bubble will burst – I happen to think it won't happen in 2019 – but in places like San Francisco, Seattle, Miami and Denver, caution is now the order of the day. If you own property in these spots and plan to sell, don't wait until the market has peaked. And if you're looking for a good place to put your money, you should consider instead the 20 markets we're listing here. At No. 5 on that list of 20 is Cleveland. The other … [Read more...] about For real estate investors, the slow-but-steady markets (like Cleveland) can win the race
Rich real estate investors
At the end of the year, we like to look back on celebrity transactions we'd consider killer deals, and those we'd classify as depressing duds. Lisa Johnson Mandell, provided by Published 5:00 am CST, Tuesday, December 11, 2018 Photo: Realtor.com; IStock Photo: Realtor.com; IStock Image 1 of / 1 Caption Close Image 1 of 1 Photo: Realtor.com; IStock Celebrity Real Estate 2018: Who Were the Biggest Losers and Winners? 1 / 1 Back to Gallery Thanks to the riches of the sports, entertainment, and business worlds, celebrities spend gobs of money on real estate. With those big outlays also come big risks. If they make a housing misstep, they could lose large amounts of hard-earned … [Read more...] about Celebrity Real Estate 2018: Who Were the Biggest Losers and Winners?
Milestone comes on the heels of the firm’s most active month ever /EIN News/ -- LADERA RANCH, Calif., June 13, 2018 (GLOBE NEWSWIRE) -- Money360, a technology-enabled direct lender specializing in commercial real estate loans, today announced it has surpassed $750 million in loans closed since inception. This includes $82.5 million in loans closed in May 2018. “Money360 has shown an incredible capacity to scale and meet the needs of our borrowers by leveraging our tailored loan structures and our highly experience team committed to delivering exceptional customer service,” said Evan Gentry, Founder and CEO of Money360. “As the commercial real estate industry prepares for a new phase in the real estate cycle, Money360 will become an even more crucial source of capital for owners seeking to secure financing and liquidity.” Money360 specializes in bridge and permanent loans of $1 million to $20 million. Notable loans closed in 2018 include: A $26 … [Read more...] about Money360 Surpasses $750 Million in Commercial Real Estate Loans Closed
SalesAn investor has purchased a 5,054 square foot medical office building at 7604 San Jacinto Place in Plano. TIG Real Estate Services' Kristin Grammar and Matthew Hickey brokered the sale with L.J. Erickson with Duggan Realty. Investor 14400 Midway LLC has purchased a 53,330 square foot office-warehouse facility at 15100 Midway Road in Addison. Chad Albert of NAI Robert Lynn brokered the sale.BZO Custom Wheels LLC sold its 157,909-square-foot building at 3061 Saner Avenue in Dallas to an investor. Chris Volke with Texas Overland Co. brokered the sale with Ryan Boozer with Stream Realty Partners. HFM Properties has purchased a 31,728 square foot office-warehouse space at 3228 Skylane Drive in Carrollton. Chad Albert of NAI Robert Lynn brokered the sale.HSM Buckingham, a partnership formed by Henry S. Miller Equity Partners, purchased the 13,754 square-foot College Park Professional Building at 1001 East Buckingham in Richardson. Miller Cos' Darrell … [Read more...] about Top D-FW commercial real estate deals for the week of June 4
The party keeps on going over at Go Go International Realty. Kit Li, who works at the Flushing realtor, says she has sold one home to a family named Yang and “at least three” to those named Chen. Of her clients, she says, some 99 percent are Chinese and the remaining 1 percent are Korean. Almost all are immigrants. “They are all quite, quite rich,” Li said, paying about $1.5 million, on average, for homes in and around her company’s Queens base of operations. Indeed, if you live in the New York metropolitan area, the chances are growing that a house sold on your block will be occupied next by people named Yang, according to a recently released survey by ATTOM Data Solutions, a company that archives and analyzes information from real estate transactions throughout the country. The study looked at buyers’ last names on more than 2.3 million single-family home sales on deeds nationwide in 2016 and 2017 and found that Yang, an ethnically Korean name, … [Read more...] about Chinese, Koreans among biggest real estate investors