Real Estate Wire/Green Trends News Wire

Pictured L.-R. Eric Enderlin (Acting Commissioner, HPD), Richard Froehlich (Acting President, HDC), Diana Ayala (Council Member, 8th District), Nilsa Orama (Community Board 11 Chair), Kristin Miller (President, The Richman Group), Matthew Washington (Deputy Borough President), Rachel Loeb (COO, EDC), Barry Krinsky (Director, Citi Community Capital), Michael Milazzo (Vice President, Merchants Capital) One East Harlem Will Create Nearly 300 Units of Affordable Housing, Cultural, Retail and Open Space to East Harlem EAST HARLEM, NY  – The Richman Group Development Corp., Bridges Development Group, Monadnock Development LLC, Hope Community Development Inc. and El Barrio Operation Fightback, collectively the developer of One East Harlem, are pleased to announce the next phase and groundbreaking for One East Harlem. The groundbreaking was celebrated Thursday morning with Council Member Diana Ayala, Deputy Borough President Matthew Washington and members of Community Board #...

WASHINGTON  - Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March after a slightly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since November 2017. "These numbers indicate that builders who can produce housing at affordable price points will experience sales growth," said Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn. "However, builders are still dealing with a shortage of construction workers and buildable lots, which limits housing affordability." "We saw a large gain at lower price points where demand is strong. In March of 2019, 50 percent of new home sales were priced below $300,000, compared to 39 percent in March of 2018," said NAHB Chief Economist Robert Dietz. "These a...

CHICAGO – Asking rents trended higher, remaining in record territory, while the U.S. office market posted its 34thconsecutive quarter of positive absorption, according to Cushman & Wakefield’s Q1 U.S. Office MarketBeat. Maintaining an upward trajectory that began in early 2011, U.S. office average asking rents continued to trend higher, reaching a record high of $31.97 per square foot (psf) in the first quarter of 2019. The national average asking rent was up 1.5% from the Q4 2018 and 3.9% year over year (YOY). Since reaching a trough in the second quarter of 2011, the national average rent has increased 29.7%. Seventy of the 86 markets tracked by Cushman & Wakefield recorded increases in asking rent YOY, the largest number of markets with rising rents since the end of 2015. After a strong fourth quarter of 2018, job growth slowed slightly in the first quarter of 2019, impacting the U.S. office market. Employment in office-using industries—financial services, profe...

ICSC'S TOM MCGEE Tony Romo, former Dallas Cowboys quarterback, will keynote the ICSC 2019 RECon conference in Las Vegas. Romo’s presentation is being sponsored by LoopNet, a CoStar Group company, and he will share his perspective on leadership and sportsmanship and his unlikely career path to becoming a Pro Bowl football player. Known for his headline grabbing performances on the field. Romo is now tackling the broadcast stage as the lead NFL Game Analyst at CBS Sports. “Tony’s expertise reaches far beyond the football field and we’re thrilled to have him keynote RECon to demonstrate how good leadership and a strong work ethic can drive a person to greatness,” said Tom McGee, ICSC President and CEO. “There’s a lot to learn from perseverance and hard work, and Tony knows this well.” As part of the event, Romo will take part in a contest giving a RECon attendee the chance to compete head-to-head with the Cowboys’ all-time passing leader. As part of this “competition,” Loo...

TRACY WORRELL LAKELAND, Fla. - - Crossman & Company, the Southeast’s premier retail leasing, property management and investment sales firm, is welcoming Starbucks and Bealls Outlet to the iconic Southgate Shopping Center in Lakeland, Fla. Crossman & Company’s Senior Leasing Associate, Tracy Worrell represented Southgate and finalized signing two national brands that will open this year. “The popularity of both of these brands is undeniable and will add value to the overall shopping experience. We are so excited to welcome Starbucks and Bealls Outlet to Southgate. Crossman & Company has a long history with Southgate Shopping Center and it is known as a historic gem in the community. The property will continue to be a fantastic location fronting South Florida Avenue and this is another example of how Southgate will continue to evolve with the changes and growth in the market,” noted Worrell. Publix has been the original tenant since the 1950’s which is when the sh...

Crossman & Company, one of the Southeast’s premier retail leasing, property management and JAMIE GOLOMB investment sales firms, continues to strengthen client services by announcing that Jamie Golomb has joined the firm as a Senior Leasing Associate. Golomb is based in Montgomery, Ala. His prior experience includes leasing grocery anchored centers for the Shopping Center Group and Aronov Realty. Among other key responsibilities, he will work on Publix anchored-centers in the Florida Panhandle including Panama City and Pensacola along with Mobile, Montgomery and Dothan in Alabama. “We are excited to welcome Jamie Golomb. His drive, discipline, and passion for the commercial real estate industry will be a great benefit. As we grow, we are amplifying our ability to provide dedicated attention to our clients. He fits our team perfectly,” Zielinski said Crossman & Company President John Zielinski, CCIM. Serving Florida, Georgia, Alabama, Tennessee, South Carolina, Missi...

Generation Homes President Cora Johnston ST. AUGUSTINE BEACH, Fla. – In line with Generation Homes’ promise of delivering a personal building experience that is second to none, the coastal custom builder invites homeowners to its state-of-the-art design center in St. Augustine Beach. With the sale and closing of the Sea View model in St. Augustine Beach, the design center offers a new perspective for homeowners looking to build on their own lot. Open seven days a week, the Generation Homes Design Center offers a multitude of product displays from the most current designs in flooring to the most luxurious of bath fixtures along with trim carpentry, wall and kitchen features including countertops and cabinets. “Our design center is like a fashion boutique for homeowners with gorgeous options around every corner. It fosters ideas and can reinforce their own vision which is very important to us as builders,” said Generation Homes’ President Cora Johnston. In one location, 740 A...