Ken Corsini is a real estate investor and founder of Georgia Residential Partners, a Turn-Key property investment firm. In our interview with Ken (12:56 minutes), we get into topics including why to get into turn-key properties, who might consider these investments, the benefits and negatives of a turn-key property investment, what to expect with these investments, and how it all works! We also cover what newer investors should do if they don’t want to go this path. I
Turn-Key Property Investing: An Interview with Ken Corsini
Archived in the category: Real Estate Today
Posted by Gabriella McCall on 29 Jun 11 - 0 Comments
Ode to My Office Manager
Archived in the category: Real Estate Topics
Posted by Rebecca Dymock on 29 Jun 11 - 0 Comments
My lovely wife, who also happens to be my best friend and business partner, has been vacationing with our daughter for the last week in upstate New York. I am flipping crazy about the woman, and I miss her terribly (and my daughter too of course). As many readers know, Francy is also the Office Manager for our real estate brokerage. Yes, yours truly has been running the entire operation alone for the last week.
We’re still solvent. I don’t *think* I’ve done anything that will get us sued. None of the agents have revolted or left the brokerage (though a couple are patiently waiting on checks).
Emerson Electric Buys Frontera Vista Bldgs.
Archived in the category: Real Estate Today
Posted by Gabriella McCall on 28 Jun 11 - 0 Comments
Emerson Electric Co, a manufacturing and technology company, purchased the two office properties at 1100 Louis Henna Blvd. in Austin, TX, from US Bank.
Although the sale price was undisclosed, the two buildings are appraised at $23.07 million.
Known as Frontera Vista business park, the three-year-old structures total 267,874 square feet and are in the Round Rock submarket.
Please see CoStar COMPS #2130596 for more information on this transaction.
With no bids, luxury condo goes back to lender
Archived in the category: Real Estate Today
Posted by Gabriella McCall on 28 Jun 11 - 0 Comments
Nearly a year after filing for bankruptcy to stave off foreclosure, a 202-unit condo project in Miami Beach was returned to its lender during a court auction on Wednesday.
A Starwood Capital-led investment group took over 127 unsold condos at Artecity, a five-building luxury complex located at 435 21st Street.
No other bidders vied for the project, which has been embroiled in litigation since the housing market collapsed mid-construction. The minimum bid, which was set at $50 million, likely kept outside investors at bay, said Peter Zalewski, principal at Bal Harbour-based consultancy Condo Vultures.
“At that price, you’re talking about $402 a [square] foot,” he said. “That
U.S. ECONOMY GAINS MOMENTUM
Archived in the category: Real Estate News
Posted by Sarah Weedon on 28 Jun 11 - 0 Comments
U.S. economic growth continues at a pace above its current ten-year average, despite oil prices forecast to stay above $100 per barrel through 2014, reported international property group Grosvenor in its second quarter North American Research Report.
U.S. economic growth continues at a pace above its current ten-year average, despite oil prices forecast to stay above $100 per barrel through 2014, reported international property group Grosvenor in its second quarter North American Research Report.”The economy is benefitting from increased momentum as employment levels rise, companies remain flush with cash, and sentiment improves,” said Eileen Marrinan, Director of Research for San Francisco-based Grosvenor Americas.
