Attom Data Solutions Reports 6.7 Million Seriously Underwater Properties in Q2 2016 Down 776,000 From a Year Ago and Down 6.1 Million From Q2 2012 Peak

Daren Blomquist

IRVINE, CA — ATTOM Data Solutions, the nation’s leading source for comprehensive housing data and the new parent company of RealtyTrac, released its Q2 2016 U.S. Home Equity and Underwater Report, which shows 6,666,622 seriously underwater properties representing 11.9 percent of all U.S. properties with a mortgage as of the end of the second quarter 2016 — down from 12.0 percent in the previous quarter and down from 13.3 percent in Q2 2015.

For the report, ATTOM analyzed recorded mortgage and deed of trust data from more than 1,400 U.S. counties accounting for 88 percent of the U.S. population along with automated valuation models (AVMs) for more than 56 million properties with mortgages in those counties (see full methodology below).

“Rising home prices are lifting all home equity boats: bailing out seriously underwater homeowners and enriching homeowners who already have positive equity,” said Daren Blomquist, senior vice president at ATTOM Data Solutions (the new parent company of RealtyTrac).

“Nationwide home prices reached a new all-time high in June on the heels of 52 consecutive months of annual increases. While that national trend is consistent in most markets across the country, there are still some local markets and sub-markets that have been largely left behind by the housing recovery and which still have a high percentage of underwater homeowners.”

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

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

The Keyes Co. Brokers $5.6 Million Sale of Jupiter, FL Estate

Drew Saporito

Jupiter, FL -- The Keyes Company has announced the $5.6 million sale of a waterfront estate located at 314 W. Riverside Drive in Jupiter. Keyes Agent Drew Saporito represented the buyer in the transaction, which is the most expensive deal of the year for the Loxahatchee River neighborhood.

Built in 2003 on nearly one acre, the stunning six-bedroom, six-bathroom Mediterranean-style estate has more than 9,000 square feet of living space. Interior features include a recently completed master suite and bathroom with dual spa showers, a light and audio system, steam room and yoga studio.

The property includes a resort-style pool and spa, lazy river, private boat dock and two-bedroom, two-bathroom guest house.

The California-based buyer is making an initial foray into South Florida with the purchase of 314 W. Riverside Drive. A Palm Beach County resident was the seller.

Kristen Danzig

A Jupiter native, Saporito said the transaction underscores Jupiter’s transformation into a premier destination for luxury residential buyers who covet “an active water lifestyle.”

“Five years ago, Jupiter was more of a hidden gem within the broader Palm Beach County high-end housing market,” said Saporito. “Now you have major celebrities like Michael Jordan here, and stars like Tiger Woods opening a restaurant in the town. Jupiter is definitely on the map.”

Kristen Danzig of Virtual Global Realty represented the seller in the 314 W. Riverside Drive transaction.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate alongside its Valore Group Real Estate and Platinum Properties divisions. The combined companies are a premier luxury leader.

The company is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

Michael Jordan

“This Jupiter transaction is another example of the tremendous work our Sales Associates do within the ultra-luxury market in Palm Beach County and beyond,” said Keyes CEO Mike Pappas.

Last month, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.

  

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

Ashley Fierman

Account Executive, BoardroomPR

afierman@boardroompr.com

O 954-370-8999

C 954-330-1554

1000 South Clark Luxury Rental Tower in Chicago’s South Loop Neighborhood Celebrates Grand Opening in Style

                     

Guests at the 1000 South Clark grand opening celebration mingle
on the 20,000 square-foot outdoor terrace.

  CHICAGO, IL – Chicago-based JDL Development has announced the grand opening of 1000 South Clark, a new 469-unit luxury apartment tower in Chicago’s South Loop neighborhood.

Sheila Byrne

 In celebration of the official grand opening, the 29-story building hosted a reception on July 27, where approximately 300 guests were invited to tour the studio and one-bedroom models – designed by Crate & Barrel, West Elm, Room & Board and Interior Define – along with more than 43,000 square feet of amenities.

“We are so pleased to officially open our doors and showcase all that 1000 South Clark has to offer residents,” said Yale Dieckmann, executive vice president and chief investment officer at JDL Development. “It was our goal with this project to set a new standard for luxury apartment living, and I’m happy to say we’ve exceeded even our own high expectations.”

Guests at the grand opening were treated to hors d’oeuvres and cocktails, music by DJ Rock City, and a photo booth. 

Those who visited all five amenity floors were entered into a drawing for a $500 gift card from Chicago-based custom sofa maker Interior Define.

Currently 60 percent leased, 1000 South Clark offers studio, one-, two- and three-bedroom residences ranging from 512 to 2,730 square feet with rents ranging from $1,895 to $7,000. 

Additionally, the community features six three-bedroom rental townhomes, each with 3½ baths and attached two-car garages. Townhomes average 2,635 square feet and rents start at $6,950.

Residences at 1000 South Clark offer premium finishes, including high ceilings, panoramic lake and city views, custom kitchen cabinetry and quartz countertops, stainless steel Whirlpool appliances, custom bathroom vanities with tile bath and shower surrounds, plank flooring, and full-size washers and dryers. Select units also feature floor-to-ceiling windows, custom Elfa® closets and balconies.

Yale Dieckmann

“With more than 40,000 square feet of amenity space, 1000 South Clark is unlike anything we’ve seen in Chicago,” said Sheila Byrne, executive vice president of property management at The Habitat Company, which manages the community.

“Residents enjoy an amazing offering of five-star amenities in the heart of the South Loop, steps from shopping, dining, entertainment and the lakefront. When it comes to amenities, residents in this building want for nothing.”

  

Designed with the latest recreational and social amenities, 1000 South Clark offers 43,000 square feet of amenity space, including a 20,000-square-foot outdoor terrace with grilling stations, an indoor/outdoor pool and rooftop running track; a 10,000-square-foot state-of-the-art fitness center; basketball and racquetball courts; and a virtual golf simulator and putting area.

  

1000 South Clark is a joint venture between Chicago-based JDL Development and New York-based iStar.

For additional information, visit www.1000southclark.com

 or email leasing@1000southclark.com.

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

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

Kim Manning, kmanning@taylorjohnson.com, 312.267.4527

www.iStarLandDev.com

www.istar.com

www.jdlcorp.com

www.habitat.com.