RealtyTrac’s Homefacts Offers Free App That Helps Homeowners and Homebuyers to Research Property Information, Including Environmental Risks, School Ratings, Registered Sex Offenders, and More

IRVINE, CA — Homefacts® (www.homefacts.com), a pioneer in providing neighborhood data and statistics, announced the launch of a new mobile app for Android.

Homefacts is a wholly-owned subsidiary of RealtyTrac, the leading source of comprehensive housing data.   

Following the success of the Homefacts iPhone app in July, Android device owners now have an app of their own that enables homebuyers, homeowners and renters to view detailed property and neighborhood information and statistics on more than 100 million homes in the United States.

Homefacts provides important information and key statistics on more than 30 local and neighborhood data sets for residential properties nationwide including detailed local school information, location and details of environmental hazards such as underground storage tanks, spills, EPA polluters, brownfields, and superfunds, along with former drug labs, sex offenders, natural hazard risk and building permit activity in a neighborhood.

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

Ginny Walker

949.502.8300 ext. 268

ginny.walker@realtytrac.com

RealtyTrac Finds U.S. Foreclosure Starts Increase to 17-Month High in December; Average Time to Foreclose Nationwide Decreases For First Time Since Q1 2011

IRVINE, CA –  RealtyTrac® (www.realtytrac.com), the nation�fs leading source for comprehensive housing data, released its Year-End 2014 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,117,426 U.S. properties in 2014, down 18 percent from 2013 and down 61 percent from the peak of 2,871,891 properties with foreclosure filings in 2010.

The 1.1 million properties with foreclosure filings in 2014 was the lowest annual total since 2006, when there were 717,522 properties with foreclosure filings nationwide.

The report also shows that 0.85 percent of all U.S. housing units (one in every 118) had at least one foreclosure filing in 2014, the first time since 2006 that the annual foreclosure rate has been below 1 percent of all housing units.

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

Jennifer Von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Mortgage Bankers Association Reports Commercial Mortgage Lenders Anticipate Growth in 2015

Jamie Woodwell

WASHINGTON, DC – Commercial and multifamily mortgage lending is expected to increase in 2015, as lenders’ appetites to place new loans remains very strong and borrowers’ appetites to borrow increase, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms.

  A full 100 percent of the top firms expect originations to increase in 2015, with 68 percent expecting an increase of 5 percent or more.  Almost three quarters (72 percent) expect their own firm’s originations to increase by 5 percent or more.

“Commercial mortgage lenders anticipate another competitive year in 2015,” said Jamie Woodwell, MBA’s Vice President for Commercial Real Estate Research.  “Lenders’ appetites for loans remain very strong, and with the 10 year loans made during 2005, 2006 and 2007 maturing, lenders also anticipate growing demand from borrowers.”

Majorities of respondents expect originations for every major investor group to increase.  83 percent anticipate a “very strong” appetite among firms to make loans and 50 percent anticipate a “very strong” appetite among borrowers to take out loans.  Lenders were surveyed on a scale of “very weak, weak, fair, strong, or very strong.”

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

Ali Ahmad

AAhmad@mba.org

(202) 557-2727

National Retail Properties, Inc. Declares Common Dividend

  

ORLANDO, FL /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 42 cents per share payable February 17, 2015 to common shareholders of record on January 30, 2015. 

 National Retail Properties is one of only four publicly traded REITs and 99 publicly traded companies in America to have increased annual dividends for 25 or more consecutive years.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.  

As of September 30, 2014, the company owned 2,038 Investment Properties in 47 states with a gross leasable area of approximately 22.1 million square feet.  For more information on the company, visitwww.nnnreit.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/national-retail-properties-inc-declares-common-dividend-300019537.html

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

investorrelations@nnnreit.com

Regency Centers Announces Pricing of Common Stock Offering

JACKSONVILLE, FL --(BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”; NYSE:REG) announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock in connection with the forward sale agreement described below, which will result in approximately $168.5 million of gross proceeds (assuming such forward sale agreement is physically settled based on the offer price to the public of $67.40, as described more fully below), before any underwriting discount and offering expenses.

The Company also granted the underwriter a 30-day option to purchase up to 375,000 additional shares of its common stock.

The offering is being made pursuant to the Company’s effective shelf registration statement and prospectus filed by Regency with the Securities and Exchange Commission. Wells Fargo Securities is acting as sole manager for the offering.

The offering is expected to close on January 21, 2015.

  

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

Regency Centers Corporation

Patrick Johnson, 904-598-7422

PatrickJohnson@RegencyCenters.com

Post Properties Announces Estimated Income Tax Characteristics of 2014 Dividends

ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS) announced how it expects its 2014 dividends to be classified for federal income tax purposes.

Of special note is that for tax reporting purposes, the common stock dividend payable on January 15, 2015 is taxable in year 2015. 

This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed.

The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s dividends. No material change in these classifications is expected.

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

Post Properties, Inc.

Chris Papa, 404-846-5000

Savannah Apartments Sale for $803,000 in St. Petersburg, FL Brokered by Marcus & Millichap

  

Savannah Apartments, 5401 1st Avenue South, St. Petersburg, FL

  

Ari Ravi

ST. PETERSBURG, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Savannah Apartments, a 19-unit garden apartment community located in St. Petersburg, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $803,000.

Casey Babb, CCIM and vice president investments and Ari Ravi, associate in Marcus & Millichap’s Tampa office, represented both parties in this transaction.

Savannah Apartments are located at 5401 1st Avenue South in St. Petersburg, Fla.  This is a Class “B+” community that was built in 1966.

  The property is well-kept and fully stabilized after receiving over $150,000 in renovations in 2010 and an additional $60,000 between 2011 and 2014.

“We’ve been in a seller’s market for a few years now, but there are still attractive real estate deals to be had and Savannah was a prime example,” says Babb.  “The property is very well kept and was fully-stabilized at the time of sale, so it will cash-flow day 1 with management upside.”

“The buyer beat out a host of other bidders because he was offering all-cash, a short inspection period and a 30-day close which was attractive to the seller, who in-turn accomplished his goal of exiting the Pinellas County market,” adds Ravi.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges Sale of Cedar Hollow Apartments in Pinellas Park, FL for $2 Million

   

Casey Babb

PINELLAS PARK, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Cedar Hollow Apartments, a 42-unit apartment community located in Pinellas Park, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The $2,040,000 sales price equates to $48,571 per unit.

  Casey Babb, CCIM and vice president investments in Marcus & Millichap’s Tampa office secured and represented the buyer, a limited liability company based in Tel Aviv, Israel.

Cedar Hollow Apartments was built in the mid-1980s and consists of an attractive mix of one and two-bedroom apartments on 2.54 acres. The property was 88 percent occupied at the time of sale and closed at a proforma 9.26 percent cap rate.

“Cedar Hollow was purchased all-cash after a short contingency period and closed in under 30 days to an international investor who is making his first investment in our market,” says Babb.

“International investors continue to seek the stability that comes with U.S. Real Estate, and in the case of Cedar Hollow, the asset should produce double-digit returns and predictable cash-flows with long-term asset appreciation,” concludes Babb. 

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

IPA Sells Broward County, FL Multifamily Asset

The Cove at Parrot's Landing, 7575 Hampton Boulevard, North Lauderdale, FL

Still Hunter III

                                                                                        NORTH LAUDERDALE, FL --  Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of  The Cove at Parrot’s Landing, a 152-unit luxury multifamily community located in the central Broward County city of North Lauderdale, Fla.

 The terms of the sale were not released.

            IPA senior director Still Hunter III represented the seller, Brass Enterprises. The buyer is CFH Group.

           “The Cove at Parrot’s Landing is an excellent value-add investment opportunity due to its high-quality 1997-vintage construction, attractive lakefront setting and ideal mix of one-, two- and three-bedroom apartments,” says Hunter.

“The new owner plans to reposition the community by reconfiguring and updating the clubhouse and other common areas and enhancing the amenity package. Further revenue enhancement opportunities exist via minor aesthetic improvements and upgrades to apartment interiors, the vast majority of which have original finishes.”

            Located at 7575 Hampton Blvd. in North Lauderdale, the property provides convenient access to the largest employment centers in Broward County from four of the busiest transportation corridors in South Florida: 

Florida’s Turnpike, U.S. Route 441, University Drive and West McNab Road. North Lauderdale Elementary School, Silver Lakes Middle School and a new Walmart Super Center and Publix Supermarket are less than one-half mile from the community. 

Coconut Creek High School is five miles away.

            Apartments at The Cove at Parrot’s Landing include separate laundry rooms with full-size washer and dryer, walk-in closets, track lighting and balconies with storage closets.

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

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Essex Realty Group Brokers the Sale of 7038 S. Chappel Ave. in Chicago, IL

  

7038 Chappel Avenue Apartments, South Shore Neighborhood, Chicago, IL

  

Douglas Imber

CHICAGO, IL --  Essex Realty Group, Inc. is pleased to announce the sale of 7038 S. Chappel Ave. in Chicago, Illinois.

7038 S. Chappel Ave. is an attractive 25 unit courtyard building located in Chicago’s South Shore neighborhood. This property is situated just one half-block from the intersection of the 71st Street commercial corridor and Jeffery Boulevard, with immediate access to a Metra Station, CTA stops, and a Walgreens.

The sale price was approximately $690,000.

Doug Imber and Bob O’Connell represented the seller and Jordan Gottlieb represented the buyer in the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

Essex Realty Group Brokers Sale of Six-Unit Multi-Family Building in Chicago, IL

  

7002--7016 West Medill, Montclare Neighborhood, Northwest Chicago, IL

  

Jordan Gottlieb

 CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 7002-16 W. Medill.

The townhomes of Medill Row are six newer construction 3 bedroom, 2.5 bath townhome units located in an 8-row house style property located in Chicago’s Montclare neighborhood on the city’s northwest side.

The property was finished in 2008. Two of the eight units were sold in October of 2008 for $379,000 each.

The sale price was approximately $1,329,000.

Jim Darrow and Jordan Gottlieb were the brokers on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

HFF closes $152 million sale of Class A office building in Boston’s Back Bay

  

116 Huntington Avenue, Back Bay submarket, Boston, MA

Coleman Benedict

BOSTON, MA – HFF announced it has closed the $152 million sale of 116 Huntington Avenue, a trophy, 274,218-square-foot office located in Boston’s Back Bay submarket.

                HFF marketed the property for the seller, Broadway Partners, and procured the buyer, Columbia Property Trust.  Soundport Capital LLC acted as an advisor to the seller. 

Originally constructed in 1991 and continually renovated and upgraded throughout time, 116 Huntington is a boutique office building that draws on the various demand sectors in Boston’s highest renting submarket. 

 In addition to the on-site amenities, the building is within walking distance to the Shops at the Prudential, Copley Place and the MBTA’s Back Bay Station, which provides access to subway, bus, commuter rail and Amtrak services.  

Rising to a height of 15 stories, the building offers unmatched views of the Back Bay, Seaport, South End and the Charles River. 

Ben Sayles

                The HFF investment sales team representing the seller was led by senior managing director Coleman Benedict, director Ben Sayles and real estate analyst Patrick McAneny.

“Back Bay is one of the tightest markets in the country,” Benedict said.  “Given the concentrated, institutional ownership in the area, the opportunity to acquire such a trophy rarely comes along.  Columbia is going to do very well with this asset.”

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

$8.21 million sale of pink plaza shopping center in key largo, fl arranged by marcus & Millichap

   

Pink Plaza Shopping Center, 103400 Overseas Highway, Key Largo, FL

  

Jonathan Gerszberg

 KEY LARGO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Pink Plaza Shopping Center, a 57,773-square foot retail property located in Key Largo, Fla.

The asset sold for $8,212,500 representing $142 per square feet and a 7.75 percent CAP rate.

Jonathan Gerszberg, a senior associate in Marcus & Millichap’s Miami office, represented the seller, a limited liability company from Iowa, and the buyer, a limited liability company from Florida.

“The Florida Keys are a unique market, significantly different than Miami, despite being so close. 

" The Pink Plaza is one of the rare trophy retail properties in the Keys, representing a unique asset to headline any investment portfolio.  We had a ton of interest, with offers from investors around the globe,” says Gerszberg.

Built in 1986, Pink Plaza Shopping Center is a 57,773-square foot, two-story shopping center which covers 2.87 acres in Key Largo, Fla. 

Key Largo, FL

Anchored by one of the top producing West Marines in Florida, the Pink Plaza, has some 50 tenants, spanning the full spectrum of business: restaurants, service oriented vendors, hard goods, soft goods, government, medical, and even executive offices.

 “The property is impeccably maintained and represents a true pride of ownership asset.

" The seller had done an amazing job managing the property, maintaining a greater than 90 percent occupancy over the last 10 years,” Jon continues.  “The buyer is looking forward owning this once-in-a-lifetime property.”

Pink Plaza Shopping Center is located at 103400 Overseas Highway in Key Largo, Fla.

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

 Kirk A. Felici

First Vice President/Regional Manager

 Miami, FL

(786) 522-7000

$4.2 Million Sale of St. Cloud, FL CVX Pharmacy Arranged by Marcus & Millichap

Lori Schneider

 ST. CLOUD, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of CVS, a 10,908-square foot net-leased property located in St. Cloud, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. 

The asset sold for $4,300,000 equating to $394 per square foot.

Lori Schneider, a senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Mount Pleasant, SC. 

“Because the current inventory of new credit net-leased properties is low, demand for existing properties with shorter lease terms is rising,” says Schneider who has sold more than 130 drug stores nationwide. 

Built in 1999, the 10,908 square foot CVS is located on a large 2.3 acre parcel and has a double drive-thru.  

The lease is guaranteed by Holiday CVS, LLC, a subsidiary of CVS that was created when CVS acquired the Florida Eckerd locations.

The property is located at 3555 13th St., at the signalized intersection of 13th Street (Highway 192) and Neptune Road. It is accessible from both roadways. 

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

 Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Charles Dunn Co. Completes $6 Million Sale of 16-Unit Multifamily Property in Santa Monica, CA

Kimberly Roberts Stepp

LOS ANGELES, CA – Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, has completed the $6 million sale of a fully occupied 16-unit multifamily property at 1901 6th Street in Santa Monica, Calif.

Stepp, represented the seller, 1626 North Fuller, LLC. The buyer was Unison Investment Company and was represented by John Chu of New Life Properties, Inc. The closing cap rate was 3.7 percent.

Built in 1969 the property consists entirely of large, one-bedroom units that include recently renovated features including new windows, custom cabinetry, wood floors and new appliances. 

The property also offers controlled access, elevator, laundry room, and secure gated parking. The asset is situated just six blocks from the ocean and is a short walk to Santa Monica Pier and Main Street restaurants and shops.

“We marketed this property by featuring its prime, Santa Monica location, upside in bringing rents to market rates, and long-term appreciation of the asset,” said Stepp. “Multifamily investments in this very hot submarket will attract investors in 2015 as they continue to pay record prices which are compressing cap rates to all-time lows.”

1901 6th Street Apartments,  Santa Monica, CA

 Charles Dunn Company is one of the largest full-service regional real estate firms in the Western United States. 

Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues to be a market leader.

The firm also manages more than 21 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services.

 With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224