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 recruitment, [...]
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 the [...]
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, Calif. [...]
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 up [...]
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 smart [...]
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 to [...]
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 market, [...]
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 sellers [...]
