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IRVINE, CA—Investment Property Group works off one central active database for its agents, complete with a full support staff to update the 40,000 property listings—leading to YTD sales volume of roughly $200M for L.A. and OC, company principals tell GlobeSt.com.
SANTA BARBARA, CA—A new report from Yardi notes that as Fannie Mae and Freddie Mac increase their loan spreads on multifamily deals, “other major lender types all have issues.”
SEATTLE—According to a recent national Redfin report, flips saw an average increase of $102,400 from purchase to sale price. Neighborhoods in Washington, D.C. and Los Angeles among the hottest for flipping, says the firm.
HOBOKEN, NJ—E-commerce venture Jet.com will double the size of its headquarters at SJP Properties' Waterfront Corporate Center III in Hoboken. Jet is adding 40,000 square feet, for a total of 80,000 square feet.
NEW YORK CITY—The rate at which prices are rising—while significant—is below what was seen during the previous building boom, according to a new report.
ARLINGTON, TX—During second quarter 2016, Ridge Development, the industrial development arm of Transwestern Development Co., will begin construction on Park 20/360.
HOUSTON—Kim joins ULI Houston from the city of Houston, where he served as deputy assistant director of the housing and community development department.
AUSTIN, TX—Northshore is a 27-story mixed-use residential development with 524 rental apartments, retail and public parking on nearly a million square feet, with final completion expected by September 2016.
PHOENIX—The community, located at 2242 E. Campbell Ave., represents a new type of condominium experience, with amenities catering not to a particular age group but to the homebuyer looking for a specific urban lifestyle.
PORTLAND, OR—Rally Ventures was attracted to commercial real estate, and to leading a Series A funding round for CrowdStreet, because the sector has yet to be as disrupted by technology as other industries, CrowdStreet's Darren Powderly tells GlobeSt.com.