North Carolina
Zillow turns a profit
For the first time, online real estate company Zillow Inc. reported a profit, posting second-quarter net income of $1.6 million. Company officials said second-quarter revenues set a record at $15.8 million, up 116 percent from a year earlier. …
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Commercial development lists reflect slow economy
Commercial real estate is the focus of the Jacksonville Business Journal ’s special report in the Aug. 19 – 25 newspaper and the featured list are Shopping Centers and Commercial Real Estate Developers. The total square feet of commercial space …
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Hunter departing OhioHealth for Cassidy Turley
Real estate executive Don Hunter will return to the private sector this month as managing principal of Cassidy Turley in Columbus after spending less than 14 months at hospital giant OhioHealth Corp. He takes over the St. Louis-based brokerage’s top …
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Fine Print: Former Pathmark shopping center in Cherry Hill sold
The Fine Print is a regular roundup of commercial real estate deals in the Philadelphia area. A 54000-square-foot retail center at the intersection of Route 70 and Brace Road (Route 154) in Cherry Hill, NJ, sold for $1.7 million at an auction. …
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Ohio Auctioneer Youngest-Ever International Auctioneer Champion
The co-owner of Real Estate Showcase Real Estate & Auction Services and youngest ever to be awarded the title of IAC, began his career selling personal property but expanded his focus to auto auctions soon after. Mast, a graduate of the Missouri …
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New Berlin settles affordable housing lawsuit
Affordable housing developer MSP Real Estate Inc. has settled its lawsuit against New Berlin after city officials agreed to approve the company’s long-contested senior housing development on Deer Creek Parkway. The St. Louis Park, Minn. …
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What the End of Borders’ Story Means for Commercial Real Estate
By Alexander Schachtel The short answer is more trouble for commercial real estate (NYSE:IYR). Borders Group, operator of a chain of retail book stores nationwide, filed for bankruptcy in February and has recently decided to liquidate its stores, …
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Keep an eye on The Vue’s prices
A “special pricing” list released to real estate agents offer details for one studio, four one-bedroom lofts and five two-bedroom units. The list price for a Vue studio unit starts at $279900. Now the developer is offering one 657-square-foot condo for …
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Real Deals: Broomfield apartments sell for $53 million
A real estate research website, I&P Real Estate, reported in March that Invesco Real Estate raised $120 million from four German institutional investors for Invesco MEAG US Immobilienfonds IV for US real estate purchases. • The bidding starts Monday …
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EagleBank snags HSBC exec
The turmoil at HSBC Bank seems to have paid off for Bethesda-based EagleBank , which has hired Tony Marquez as executive vice president and chief real estate lender. Marquez, who didn’t immediately return a call seeking comment, joined HSBC in 2005 and …
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