Archive for the ‘Internet Real Estate’ Category

RE/MAX Names Northern Illinois Residential Top 20 for 2011: Chicago Real Estate Agent, Lake Bluff Team Capture Top Spots

Chicago, IL (PRWEB) May 24, 2012

The RE/MAX Northern Illinois real estate network recently honored its associates whose 2011 residential sales achievements earned them coveted spots in the year-end Residential Top 20.

Each year, the network gives special recognition to its Top 20 residential agents and Top 20 residential teams, as well as its Top Three commercial agents and teams.

Robert Padron of RE/MAX Cityview, 6430 N. Central Ave., Chicago, made his debut as the No. 1 residential agent. Jane Lee of RE/MAX Top Performers, 210 N. Waukegan Road, Lake Bluff, Ill., won top-residential-team honors for the eighth consecutive year. A team involves the combined efforts of two or more licensed agents.

Here are the Top 20 residential teams and agents for 2011:

TOP 20 TEAMS 1.Jane Lee, RE/MAX Top Performers, Lake Bluff; 2.Matthew Kombrink, RE/MAX Great American North, St. Charles, Ill.; 3.Leslie McDonnell, RE/MAX Suburban, Libertyville, Ill.; 4.Marco Amidei, RE/MAX Suburban, Libertyville; 5.Alex Rullo, RE/MAX Great American North, St. Charles; 6.Cindy Banks, RE/MAX Cornerstone, West Chicago, Ill.; 7.Andee Hausman, RE/MAX Experts, Buffalo Grove, Ill.; 8.Steve Malik, RE/MAX Professionals Select, Naperville, Ill.; 9.Denise DAmico, RE/MAX Central, Roselle, Ill.; 10.Linda ODonnell, RE/MAX Signature, Chicago; 11.Charles Ivas, RE/MAX Elite, Hinsdale, Ill.; 12.Lance Kammes, RE/MAX Suburban, Wheaton, Ill.; 13.Bernie Cobb, Jr., RE/MAX of Naperville, Naperville; 14.Wayne Reuter, RE/MAX Excels, Geneva, Ill.; 15.Paul Wells, RE/MAX of Barrington, Barrington, Ill.; 16.Rosemary West, RE/MAX Professionals Select, Naperville; 17.Bruce Hackel, RE/MAX Synergy, Flossmoor, Ill; 18.Alexander Pagonis, RE/MAX Professionals Select, Naperville; 19.Robert Wisdom; RE/MAX Horizon, Elgin, Ill.; 20.Susan Coveny, RE/MAX Prestige, Long Grove, Ill.

TOP 20 AGENTS 1.Robert Padron, RE/MAX Cityview, Chicago; 2.Edward Lukasik, Jr., RE/MAX Professionals, Bolingbrook, Ill.; 3.Larry Leibovitz, RE/MAX Experts, Buffalo Grove; 4.Sharon Gidley, RE/MAX Unlimited Northwest, Algonquin, Ill.; 5.John Morrison, RE/MAX of Barrington, Barrington; 6.Sharon Falco, RE/MAX Central, Roselle; 7.Kristi Gunther, RE/MAX Exclusive Properties, Chicago; 8.Jill Clark, RE/MAX Professionals Select, Naperville; 9.Rita Neri, RE/MAX Vision 212, Chicago; 10.Marlene Granacki, RE/MAX Exclusive Properties, Chicago; 11.David Cobb, RE/MAX All Properties, New Lenox, Ill.; 12.Marsha Ulbrich, RE/MAX Unlimited Northwest, Lake Zurich, Ill.; 13.Larry Fales, RE/MAX Advantage Realty, Antioch, Ill.; 14.Daniel McGovern, RE/MAX Properties Northwest, Park Ridge, Ill.; 15.Susan Ligmanowski, RE/MAX Unlimited Northwest, Algonquin; 16.Mimi Burke, RE/MAX of Barrington, Barrington; 17.Anna Klarck, RE/MAX Showcase, Long Grove; 18.Cindy Purdom, RE/MAX Suburban, Glen Ellyn, Ill.; 19.Jim Starwalt, RE/MAX Center, Grayslake, Ill.; 20.Linda Price, RE/MAX of Naperville, Naperville.

RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,100 sales associates and 110 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois. Its http://www.illinoisproperty.com and http://www.remax.com websites are leaders in consumer visits among real estate franchise brands. Its mobile search, m.illinoisproperty.com, allows users to conduct real estate searches on any mobile device with Internet access. The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 88,000 sales associates in 89 nations.

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RE/MAX Names Northern Illinois Residential Top 20 for 2011: Chicago Real Estate Agent, Lake Bluff Team Capture Top Spots

National Asset Services Named Asset Management Company for Student Housing Property

COLUMBIA, Mo.--(BUSINESS WIRE)--

National Asset Services (NAS), one of the nations leading real estate asset management companies with management responsibility for 14 student housing properties in six states, was recently named asset management company for Gateway at Columbia, a Class-A, student housing property in Columbia, MO, located less than two miles from the University of Missouri Campus.

Built in 2006, the 138 unit, 450 bed student housing property is a tenant-in-common property with 23 co-owners and is comprised of 177,054 square feet of net rentable area. Located at 3904 South Providence Road, the property is situated on 918 acres and consists of 9 three-story residential buildings and a single-story central clubhouse. The property has an onsite leasing office as well as management and maintenance staffs.

Each student apartment unit is fully-furnished with a plasma TV, washer and dryer and a complete kitchen appliance package. Common areas feature a resort-style swimming pool and Jacuzzi, tanning salon, pool table/game room, sand volleyball court, BBQ areas, 24/7 fitness center, Internet cafe, computer lab and reserved carports.

The propertys co-owners have recognized NAS successful track record of maximizing property value through an unbiased, objective and transparent approach to managing commercial real estate, commented Karen E. Kennedy, President and Founder of National Asset Services. The addition to our portfolio of this Class-A student housing property located near such a prestigious university is the direct result of our asset management teams nationwide reputation for producing the best possible outcomes and maximum returns for investors.

About National Asset Services (NAS)

Headquartered in Los Angeles, CA, NAS is a nationwide real estate firm specializing in tenant-in-common property management with a $2 billion portfolio of more than 80 properties in 19 states. NAS managed property portfolio includes Retail, Multifamily, Student Housing, Office and Industrial Flex. NAS has vast experience in all facets of the real estate industry. The company manages both sole and multi-owner properties and offers a wide range of asset management services including:Real estate strategy analyses; long-range business planning; monitoring changing market conditions; investor relations; real estate and investor accounting; receiver and real estate owned services; loan modification and workout solutions; exit and hold strategies; leasing plans; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

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National Asset Services Named Asset Management Company for Student Housing Property

SouFun Announces Unaudited First Quarter 2012 Results

BEIJING--(BUSINESS WIRE)--

SouFun Holdings Limited (NYSE: SFUN - News) (SouFun or the Company), the leading real estate and home furnishing Internet portal in China, today announced its unaudited financial results for the first quarter of 2012.

First Quarter 2012 Highlights

Revenues grew 43.4% to US$58.5 million compared to the first quarter of 2011.

Operating income was US$13.7 million, an increase of 131.3% compared to the first quarter of 2011. Non-GAAP operating income was US$15.0 million, an increase of 89.0% compared to the first quarter of 2011.

Net income attributable to shareholders was US$14.5 million, an increase of 152.9% compared to the first quarter of 2011. Non-GAAP net income attributable to shareholders was US$14.2 million, an increase of 83.3% compared to the first quarter of 2011.

We are happy to deliver the 6th consecutive better than guidance results after IPO, said Vincent Mo, Executive Chairman of SouFun. SouFuns strong market leadership and sound fundamental plus its creative innovations made its great performance, even though Chinas real estate and home furnishing markets were very dynamic. In addition, we are pleased that SouFun successfully passed its first year SOX 404 audit after IPO and the company will continue its efforts to implement tight internal control.

Financial Results for First Quarter 2012

Revenues

For the first quarter of 2012, SouFun had total revenues of US$58.5 million, an increase of 43.4% compared to US$40.8 million for the same period of 2011. The increase primarily came from the New Home business line.

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SouFun Announces Unaudited First Quarter 2012 Results

UBS Hires J.P. Morgan Real Estate Banker

By David Benoit and Brett Philbin

UBS has hired a new top banker in its real-estate, leisure and lodging investment banking unit, according to an internal memo.

Peter Baccile will join the Swiss giant from J.P. Morgan where he spent the past 25 years building a rolodex of clients that include Simon Properties, MGM and Wynn.

This follows several big hires by UBS including grabbing from Bank of America Andrea Orcel and Jim Forbes. It also follows the hiring of a managing director, Simon Leopold, in the real-estate group from KBW.

Though UBS hasnt been without departures in the Wall Street revolving door, with Alex Wilmot-Sitwell leaving for BofA; internet analysts Brian Fitzgerald and Brian Pitz leaving for Jefferies; and Roland Phillips leaving for Centerview Partners.

Heres the memo from UBS Simon Warshaw and Matthew Grounds, the joint global heads of investment banking.

Building on our strengths in Real Estate Investment Banking

We are very pleased to announce that Peter Baccile will be joining our firm as joint Global Head of Real Estate, Leisure and Lodging within IBD (RELL), working in partnership with Jackson Hsieh. Upon joining UBS in mid-June, Peter will report to Matthew Grounds and Simon Warshaw.

The global co-head model for the RELL group was the vision of Jackson Hsieh, in his effort to provide additional banking coverage in the Americas and abroad. Together, he and Peter will work to significantly grow our firms RELL market share, a business where we already enjoy a strong global franchise, with Ken Cohen running CMBS and Fergus Horrobin covering EMEA and APAC RELL.

Peter is widely recognized as a leader on Wall Street in real estate investment banking, with clients such as Starwood Capital, Simon Properties, Vornado, EQR, SL Green, MGM, Wynn and Colony Capital.

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UBS Hires J.P. Morgan Real Estate Banker

Bay Area Real Estate Information Services Announces Direct Syndication to Trulia

SAN FRANCISCO, CA--(Marketwire -05/10/12)- Trulia, a leading site for home buyers, sellers, renters and real estate professionals, today announced a strategic alliance with Bay Area Real Estate Information Services, Inc. (BAREIS MLS) to directly syndicate the listings of its 8,000 members to Trulia, providing consumers with the most accurate information on homes for sale in five Northern San Francisco Bay Area counties including Marin, Mendocino, Napa, Sonoma and Solano.

With the addition of BAREIS MLS, the majority of the MLSs in the Bay Area are now working with Trulia. Trulia already receives direct feeds from MLSListings, Bay East and Contra Costa MLS, meaning Bay Area homebuyers can have an extremely high degree of confidence that the data they see on Trulia is correct. As part of its alliance with Trulia, BAREIS will also participate in the Trulia Direct Reference program, under which Trulia notifies listing agents and brokers about any discrepancies between the data provided by the MLS and information from other syndicators.

Listings from BAREIS MLS will now be seen by the more than 23 million* serious home-buyers and sellers coming to Trulia each month to get the inside scoop on real estate they can't find anywhere else. BAREIS MLS will syndicate all of its listings unless the listing is not approved for the internet.

"Our membership is dedicated to providing the most accurate data on the internet to buyers and sellers working with the real estate professionals in our region," said Jim Branscombe, President and CEO of BAREIS MLS. "There is an explosion of data and a great deal of that information is not accurate or kept up to date. Building strategic alliances with major real estate portals like Trulia will ensure the best data is available to the public and support the efforts of our real estate professionals to list and sell property. BAREIS MLS has operated its own public site for 14 years, and this relationship we are forging with Trulia is similar to the relationships we have with other public internet sites we have worked with in that we are providing all active listing data approved for internet display."

As part of the agreement, Trulia will abide by the guidelines established by the Trulia Data Pledge for listing syndication that launched in January 2012.

"By syndicating listings for its members, BAREIS MLS will ensure that it provides an extremely high level of data accuracy. This will help its members connect with more buyers and sellers to close more transactions," said Mark Weiss, Trulia Director of Business Development. "BAREIS MLS understands that connecting Trulia's audience with the most up to date and accurate information provides its real estate professionals with the best opportunity to close deals."

*Omniture, April 2012

About Trulia Inc.Trulia gives home buyers, sellers, owners and renters the inside scoop on properties, places and real estate professionals. Trulia has unique info on the areas people want to live that can't be found anywhere else: users can learn about agents, neighborhoods, schools, crime and even ask the local community questions. Real estate professionals use Trulia to connect with millions of transaction-ready buyers and sellers each month via our hyper local advertising services, social recommendations and top-rated mobile apps. Trulia is headquartered in downtown San Francisco and is backed by Accel Partners and Sequoia Capital. Trulia and the Trulia logo are registered trademarks of Trulia, Inc.

About Bay Area Real Estate Information Services, Inc. (BAREIS MLS)Bay Area Real Estate Information Services, Inc. is an independent MLS created on October 22, 1997. The organizations that founded BAREIS MLS are the Marin Association of REALTORS, Napa Association of REALTORS, Northern Solano Association of REALTORS, Solano Association of REALTORS and the Sonoma County Multiple Listing Service. The Mendocino County MLS joined the effort in 2001 and the Coastal Co-op MLS in 2005. BAREIS MLS now serves approximately 8,000 members in five key counties: Marin, Mendocino, Napa, Solano, and Sonoma.

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Bay Area Real Estate Information Services Announces Direct Syndication to Trulia