Colliers International Expands Team Specializing in Investment Sales and Corporate Tenant Representation

Colliers International in Greater Phoenix announced Peter Bauman, senior associate, has joined its Phoenix office. Bauman specializes in investment sales and corporate tenant representation. Client services include dispositions, acquisitions, site selection, financial analysis and strategic planning. Bauman partners with Tivon Moffitt, vice president. “Peter is a welcome addition to the Colliers team,” said Bob Mulhern,…

Details

Q&A: Legal

I’m thinking of transferring my real estate license from my personal name to a P.C. or P.L.L.C. for liability protection.  What do you recommend?  You should start by speaking with your accountant or C.P.A. to determine the potential tax advantages of holding your license in an entity rather than personally.  Although you are permitted to…

Details

NAI Horizon Recent Sale, Lease Transactions

  Recent sale and lease transactions by NAI Horizon: Sale Transactions: >>Mark Wilcke negotiated the sale of a 3,768 SF industrial property, representing the buyer DLC Southwest LLC, for $240,500. … CONTINUE READING

The post NAI Horizon Recent Sale, Lease Transactions appeared first on AZRE Magazine.

Details

Top of the List: Denver’s biggest property managers

“Top of the List” highlights one of our exclusive lists that appear in the weekly print edition of the Denver Business Journal. The weekly lists rank Colorado businesses and other entities in a host of categories, from law firms to lenders.

Online, we give you basic information on the top five from each weekly list. The full list, including additional data on the top five, is available to DBJ subscribers only, either in our print edition or in our digital edition here.

And the lists are compiled…

Details

Union Pacific sells Gilroy-to-Hollister track

Union Pacific Railroad has closed on the sale of its Hollister-to-Gilroy track to Palo Alto-based San Benito Railroad LLC, according to public records.

The so-called Hollister Branch Line runs about 12.5 miles mostly through San Benito County. No price was recorded on the deed.

The track had been considered a linchpin in a plan to develop thousands of homes northwest of Hollister. That’s because the line could provide passenger rail service from a proposed community there to Gilroy, where passengers…

Details

Abercrombie releases $41M for capital improvements in Hawaii

Gov. Neil Abercrombie has released more than $41 million for capital improvement projects in Hawaii, including $6.5 million for the design and construction of improvements to dams and reservoirs on Kauai and Maui.

“Since taking office, this administration has released more than $1.5 billion for capital improvement projects across the state, investing in priority improvement and upgrades that will directly benefit the people of Hawaii,” Abercrombie said in a statement. “These projects are contributing…

Details

VA to build $10M veterans’ facility on Maui

Maui veterans will soon be able to receive services at a one-stop shop — a $9.9 million, 15,000-square-foot facility that will co-locate existing services and organizations.

Craig Oswald, a strategic planner for the U.S. Department of Veterans Affairs’ VA Pacific Islands Health Care System, told PBN that the VA has approved the funding for the new facility, which will involved choosing a site, possibly a land purchase or land use agreement and the design and construction of the building.

The…

Details

DIA CEO pick responds to scandal surrounding his time in Miami

The Downtown Investment Authority’s choice for CEO responded Friday to the scandal surrounding one of his previous organizations.

Aundra Wallace, executive director of the Detroit Land Bank Authority, was selected Thursday by the DIA board and now enters contract negotiations for the position.

Wallace was with the Miami-Dade Empowerment Trust Inc. from 1999 to 2008, becoming president and CEO in 2005. He served the organization as a consultant from 2008 to 2009, after taking a job with the North…

Details

Greendale reaches agreement with The Rock Sports Complex

Greendale officials have cut a deal with The Rock Sports Complex to avoid any lawsuits over work performed on a mountain biking trail without a village permit.

The agreement announced Friday comes after the Greendale officials on Tuesday gave attorneys the green light to pursue legal action against Milwaukee County and The Rock. The Rock is a baseball and mounting biking complex under construction on the former Crystal Ridge Ski Hill property, which is in Franklin and Greendale. It is located near…

Details

How a youngster escaped Hitler’s assault to become a top litigator

As a boy, Peter Richter and his family escaped Hitler’s assault on Czechoslovakia, only to become stuck in the nation as Russia sealed its borders.

His father, who had earlier escaped from a Nazi work camp, eventually obtained phony papers to help the family flee to the West.

Even then, it took a pair of American soldiers to whisk the family away from Russian border guards and get them into West Germany.

Richter’s family eventually made it to the United States when he was six. They settled…

Details

Small is beautiful for Patrick Kennedy’s micro-units (photos)

SoMa Studios, a building of 23 micro-units in San Francisco, is hitting the for sale market.

Now that the building is built and fully-leased by the California College of the Arts to use for dorms, developer Patrick Kennedy of Panoramic Interests is ready to sell with an asking price of $7.4 million or about $321,500 per unit.

Kennedy made multiple headlines in developing the building, which is made up of 295-square-foot energy and space efficient units at 38 Harriet St.

“It’s the right time,”…

Details

DIA CEO pick would work to make money comfortable investing in Downtown Jacksonville

Aundra Wallace wants to be clear: If he becomes CEO of the Downtown Investment Authority, there won’t be a sudden explosion of development and construction in the urban core.

“I don’t want to set any expectations that there’s going to be cranes and projects coming out of the ground,” Wallace said in a phone interview Friday. “We’ve gotta lay the groundwork for that. If we get one or two projects coming out of the ground that first year, we’ve overachieved.”

Wallace, 45, was unanimously…

Details

Spurring development on Lancaster Ave.

The People’s Emergency Center on May 21 purchased sections of an iconic, Victorian-era property called Hawthorne Hall in West Philadelphia to serve as a catalyst of a broader redevelopment plan for lower Lancaster Avenue.

In the context of rising real estate prices in the neighborhoods comprising lower Lancaster Ave., such as West Powelton, the community development nonprofit’s plan strives for inclusive economic development informed by interviews and focus groups with local residents, according…

Details