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More Income-Based Returns in 2014

Sat, 08 Jun 2013 13:05:28 +0000

Nothing really meaningful is going to happen until we fix the job situation, said Sinkuler.

Part 2 of 2

SAN FRANCISCO-In an earlier story, GlobeSt.com reported on ULI Real Estate Consensus Forecast from ULIs Real Estate Finance and Investment conference here, noting that real estate is much safer for investors than it has been for some time. It is an attractive environment, agreed panelists.

The discussion then moved on to the topic of returns, where David Lynn, EVP and chief investment strategist of Cole Real Estate Investments, predicted that, going forward, a majority of returns will come from income. According to Lynn, the 8% to 10% total return range is probably there.

Andrew Nelson, director of research and strategy at Deutsche Asset Wealth Management, added that We will see increasing NOI growth starting in 2014. We expect to see more income based returns.

Attendees watch the opening panel discussion at the ULI Real Estate Finance and Investment Conference.

Drilling down to each property type, Richard Sinkuler, partner and global real estate markets leader at Ernst Young, forecasts a big demand in warehouse. Office is having a sluggish time recovering, he said. Retail is doing well at the high end and the low end, but the folks in the middle are having a tough time.

In terms of unemployment, there is no more national average, said Sinkuler. Nothing really meaningful is going to happen until we fix the job situation.

To be considered unemployed, you have to be looking, he continued. That cuts behind all the numbers. Dont look at the flat percentage as a national average Look at the various places where the unemployment growth is taking place. That growth, he said, is where the demand is coming from. Demographics is playing more of an important role than it ever has before.

When discussing the 10-year treasury, Lynns prediction is that the Fed will scale back gradually because we have been in this period of free money for four years. But the change has occurred, he said, but it has to. They cant continue to stimulate the economy forever, and it will have an effect on cap rates, but that will be gradual as well.

According to Sinkuler, The Fed isnt going to do anything drastic. We are going to have stimulus for some time to come, but the question is whether you are going to get the central banks and everyone on the same playing field because everyone is at a different stage in the game and that remains to be seen.

Check back with GlobeSt.com for more from the ULI Investment conference.

Article source: http://www.globest.com/news/12_620/sanfrancisco/finance/Panelists-More-Income-Based-Returns-in-2014-334130.html

Growing Number of US Real Estate Firms Offer Multilingual Services Through Proxio

Tue, 24 Apr 2012 13:13:50 +0000

SAN BRUNO, Calif., Apr 24, 2012 (BUSINESS WIRE) –
Today’s homebuyers and sellers are more diverse than ever before. The
U.S. Census shows that nearly 55 million Americans, 1 in 5, speak a
language other than English at home. The National Association of
Realtors reports foreign buyers purchased $82 billion of U.S.
residential real estate in 2011, a number that has sustained several
regional real estate markets in recent years.

This multicultural trend is generating extensive growth for Proxio,
Inc., whose global marketing and networking platform authentically
translates real estate listings into 19 languages so brokerages and
agents can serve clients better. Recently the number of top real estate
firms affiliated with Proxio has expanded from coast to coast, from
Esslinger-Wooten-Maxwell (EWM) of Florida to Intero Real Estate
Services, a leading brokerage in Silicon Valley. Prudential California
Realty has expanded its use of Proxio into three additional multi-office
franchises in Southern California. The latest addition to this growing
list is San Francisco Bay Area-based Pacific Union International. The
Bay Area exemplifies the diversity trend; in the city of San Francisco
alone, 45% of residents speak a foreign language at home.

“Proxio’s mission is to bridge geographic and cultural borders, enabling
agents to extend their reach and increase their services,” said Janet
Case, CEO and co-founder of Proxio. “Top real estate firms recognize
Proxio’s services fill an important multicultural marketing gap, and are
taking full advantage of the opportunity to distinguish themselves from
their competition.”

Brokerages that license Proxio for listing translations on their public
websites gain access to an exclusive professional network of over
450,000 real estate agents in 115 countries, including members of over
40 national real estate associations on 6 continents. Proxio’s global
real estate network is unique in exposing brokers’ listings in other
markets and providing a system where agents can connect with other
agents for networking and peer-to-peer marketing. The service benefits
brokerages, agents, buyers and sellers alike, as it expands their
marketing reach–and potential sales opportunities.

Multiple Listing Services and real estate associations in the U.S. and
around the world are also adopting Proxio to provide multilingual
services and agent networking. In Florida alone, where almost 27% of the
population speaks a language other than English at home and 19.2% of
residents are foreign-born, Proxio powers multilingual websites for the
Miami Association of Realtors; Regional MLS in Palm Beach Gardens; and
MyFloridaMLS in Orlando.

About Proxio, Inc.

Proxio’s global marketing and networking platform delivers a quick and
easy way for brokerages, agents, MLSs and associations to display
listings in 19 languages and extend their marketing reach globally.
Proxio hosts over 450,000 real estate professionals and 2.5 million
listings from over 115 countries, enabling agents to better serve
diverse clients, broadly promote listings, and grow their businesses
through professional networking.

www.proxio.com

SOURCE: Proxio, Inc.


        Proxio, Inc.
        Kate Gerwe, 415-699-7789
        k.gerwe@proxio.com

Article source: http://www.marketwatch.com/story/growing-number-of-us-real-estate-firms-offer-multilingual-services-through-proxio-2012-04-24

Grosvenor Americas Appoints Sommer Johnson Investment Manager, San Francisco

Thu, 22 Dec 2011 09:35:24 +0000

SAN FRANCISCO, CA, Dec 21, 2011 (MARKETWIRE via COMTEX) –
Grosvenor Americas has appointed Sommer Johnson to the position of
Investment Manager in the company’s San Francisco, CA headquarters
office. He will be responsible for Grosvenor Americas’ real estate
acquisitions in the San Francisco Bay Area and Los Angeles/Orange
County markets, focusing on value-add office, retail, and apartment
assets.

Mr. Johnson joins Grosvenor from AIG Global Real Estate Investment
Corp. in San Francisco, where he served as a manager. His 15 years of
industry experience also has included positions with Shorenstein
Properties, and Tishman Speyer Properties. He holds a B.A. degree in
economics from the University of Virginia and an MBA from the Haas
School of Business at the University of California-Berkeley.

Grosvenor is a privately owned property group with offices in 17 of
the world’s most dynamic cities. It has four regional investment and
development businesses in Britain Ireland, the Americas, Australia
and Asia Pacific; an international fund management business, which
operates across these markets and in continental Europe; and a
portfolio of indirect investments. As of December 31, 2010, these six
businesses had total assets under management of US$17.1bn. Unusual
for a private company, Grosvenor publishes a full Annual Report
Accounts, available at
www.grosvenor.com .


        CONTACT:
        Leslie Braunstein
        Tel: (202) 656 0542
        Email Contact

http://bit.ly/syf9wd

SOURCE: Grosvenor Americas


http://www2.marketwire.com/mw/emailprcntct?id=4B0C66429A14CA3D

http://bit.ly/syf9wd

Article source: http://www.marketwatch.com/story/grosvenor-americas-appoints-sommer-johnson-investment-manager-san-francisco-2011-12-21