Thursday, May 2, 2013

Where Are the Five Fastest-Moving Housing Markets in the U.S.?

Orange County, CA Skyline

EMERYVILLE, CA – Zip Realty reports the fastest-moving housing markets are in the West, based on declines in median days on market. These same metro areas saw a huge increase in the number of homes selling in seven days or less.

The Top 5 Fastest-Moving Housing Markets ZipRealty surveyed are Orange County, CA, San Diego, Sacramento, Los Angeles and Las Vegas.

San Diego, CA Skyline
 Orange County, CA

 ·         Median days on market declined 71% from 52 to 15 on a YOY basis as of 3/31/2013.
·         29% of OC housing sells in 7 days or less, a 17 percentage-point increase from the previous year.
·         OC median home prices increased 27% to $495,000 on a YOY basis.

San Diego

 ·         Median days on market declined 59% from 49 to 20 on a YOY basis as of as of 3/31/2013.
·         One-quarter or 25% of San Diego houses sell in 7 days or less, a 13 percentage-point increase from the previous year.
·         San Diego median home prices increased 22% to $390,000.

Sacramento, CA Skyline


 ·         Median days on market declined 57% from 28 to 12 on a YOY basis as of 3/31/2013.
·         Nearly one-third – 30% – of Sacramento houses sell in 7 days or less, an 11 percentage-point increase from the previous year.
·         Sacramento median home prices increased 31% to $210,000.

Los Angeles

Los Angeles, CA Skyline
 ·         Median days on market declined 56% from 52 to 15 in 2013.
·         29% of the homes in LA County sold in 7 days or less, an increase of 17 percentage points from the previous year.
·         LA County median home prices  increased 26% to $307,564

Las Vegas

 ·         Median days on market declined 53% from 28 to 12 in 2013.
·         Nearly one-third, or 30%, of Las Vegas homes sold in less than 7 days, an increase of 11 percentage points from the previous year.
·         Las Vegas median home prices increased 35% on a YOY basis to $148,500.

Las Vegas, NV Skyline

For a complete copy of the company’s news release, please contact:

 Stacey Corso
Public Relations Manager
ZipRealty, Inc.
Office: 510.735.2667
Cell: 415.672.6460
Follow us on Twitter: @ZipRealty

Atlantic | Pacific Secures Management Assignment of Atlas Plaza in Miami Design District


MIAMI, FL  – Atlantic | Pacific Management, subsidiary of Atlantic | Pacific Companies, is pleased to announce its appointment as the property management company for Atlas Plaza located in the Miami Design District, home of Michael’s Genuine Food & Drink, and the future home of Rolex and Longchamp.

Located on NE 39th Street and NE 40th Street, Atlas Plaza is approximately 22,000 square feet. The property is home to a number of luxury boutiques including Turchin Love & Light, Sebastien James, I On The District, Hair Dragon, Scotch & Soda, and Markowicz Fine Art.

 Atlantic | Pacific Management Senior Managing Director Tom Smith says “Atlantic | Pacific Management is delighted to include Atlas Plaza and its luxury brand tenant roster to our expanding retail management portfolio.”

For a complete copy of the company’s news release, please contact:
Randy Weisburd

Jessica Wade Pfeffer / Jessica Wade Inc.

Snyder Langston | Optym Names Dale Colosi as Senior Project Manager

John F. Rochford
IRVINE, CA— Snyder Langston, one of Southern California’s largest and most respected builders, has named Dale Colosi as senior project manager in its Optym division, which specializes its focus on tenant improvements and special projects that require a quick, nimble response.

With more than 30 years of industry experience, Colosi offers a diversity of expertise in retail, restaurant, commercial, institutional, industrial, residential, and specialty products.

Colosi recently served as a construction manager with WD Partners, where he acted as an owner’s representative to shepherd projects from site selection to completion.

“Dale is an important addition to our Snyder Langston team. His extensive background and proven success in all aspects of the construction process will support making our Optym division even stronger and more efficient, which in turn will benefit our firm as well as our valued clients,” said John F. Rochford, president  and COO, Snyder Langston.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

Stan Johnson Co. Completes $5.87 Million Sale of FedEx Property in Alpharetta, GA

              FedEx facility, 1525 Morrison Parkway, Alpharetta, GA

ATLANTA, GA  – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $5.87 million sale of an 88,215-square-foot industrial property 100 percent leased to FedEx Corporation and located on 19.97 acres at 1525 Morrison Pkwy in Alpharetta, Georgia.

Britton Burdette
 Britton Burdette of Stan Johnson Company represented both the buyer, Sealy & Company, Inc., and the seller, Wallace Enterprise, in this transaction. The property featured five years remaining on a recently extended NN lease term with one three-year renewal option. Originally constructed as a build-to-suit, the property has been occupied by FedEx since 1998.

                The property is strategically located in a dense area of Alpharetta, 25 miles north of downtown Atlanta in a solid performing industrial submarket with strong demographics.

For a complete copy of the company’s news release, please contact:

David Ebeling
Ebeling Communications
(949) 278-7851

Little Rock Marriott Celebrates Grand Opening


                          Little Rock Marriott, Downtown Little Rock, AR

ATLANTA, GA - - May 2, 2013 - Officials today celebrated Little Rock’s newest Marriott Hotels & Resorts property, the 418-room Little Rock Marriott in downtown Little Rock, Ark. 

To commemorate the event, the hotel hosted a special ribbon cutting ceremony with community and business leaders.  

The hotel, operated by Davidson Hotels & Resorts and owned by an affiliate of Fairwood Capital, will undergo a multi-million dollar renovation of all guest rooms and public spaces starting in early 2014.

“The addition of the Marriott Hotels & Resorts flag, along with its associated accommodations, amenities and reservation system, will better position our hotel to meet the needs and demands of both business and leisure travelers seeking upscale accommodations in the area,” said Bill Fontes, general manager.  “We are the only full-service Marriott hotel in Arkansas which we believe gives us a significant competitive advantage.”

For a complete copy of the company’s news release, please contact:

Chris Daly
Daly Gray, Inc.
Ph: 703-435-6293
Cell: 703-864-5553

Cyndi Norwood                                                                                                               
Davidson Hotels & Resorts                                                                                           
(678) 349-0909                                                                                                                 

Robert LaCasse Joins Davidson Hotels and Resorts Team as General Manager of the Hyatt Regency Newport


                         Hyatt Regency Newport, Downtown Newport, RI

Newport, RI, May 2, 2013 – Robert “Bob” LaCasse has joined Davidson Hotels & Resorts’ team as general manager of the Hyatt Regency Newport, a resort property in downtown Newport surrounded by the waters of Narragansett Bay. 

Robert LaCasse
He brings with him more than 25 years’ experience in the hospitality industry. Most recently he served as regional director of operations for Interstate Hotels & Resorts where he oversaw the day-to‐-day operation of five hotels. Prior to that, he was with HEI Hotels & Resorts, Le Meridien Hotel and the general manager at the Sheraton Austin in Texas.

“Bob brings with him a wealth of industry expertise that will prove invaluable as the Hyatt Regency Newport seeks to improve its market share,” said Patrick Lupsha, COO of Davidson Hotels and Resorts, the hotel’s management company.

Patrick Lupsha
LaCasse has held a variety of roles throughout the hospitality industry, where he started as an executive steward at the Sheraton Boston Hotel. He was promoted up through the ranks to director of food and beverage. He has a Bachelor of Science from Hesser College, as well as a certification in Graphic/Advertising Arts from Blue Hills Vocational Technical Institute.

For a complete copy of the company’s news release, please contact:

Cassandra Earle
Regional Marketing Manager
Hyatt Regency Newport
(401) 851- 3322 

Chris Daly
Daly Gray, Inc.
Ph: 703-435-6293
Cell: 703-864-5553