Colliers launches its new global brand

May 05, 2010 - United States

Colliers International marks a key milestone today in launching its new global brand—a critical step in the integration of its global operating platform and service lines.

The rebranding, which includes a modernized logo and global media campaign, follows the announcement earlier this year that Colliers International and FirstService Real Estate Advisors (FirstService REA) are combining operations under the Colliers International brand.

This marks the final step in Colliers’ transition from a decentralized affiliate model to a more centrally owned and operated business with an industry-unique operating and partnership model.

2010 Top 25 Commercial Real Estate Brands Survey

April 14, 2010 - United States

CB Richard Ellis (CBRE) has been named the premier global brand in commercial real estate, according to a survey of worldwide real estate professionals by The Lipsey Company.

CB Richard Ellis has topped Lipsey’s annual ranking of commercial real estate brands for nine consecutive years.

The Lipsey survey measures commercial real estate professionals’ perceptions of the industry’s leading brands.

More than 50,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, brokers and property managers.

10 Best Places for Second Homes

March 15, 2010 - United States

Prices for primary residences in the US, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward.

In Greenwich, Conn., realty brokers say, the final months of 2009 were almost record-setters for sales volume, as two years of pent-up demand was unleashed.

Even the megadeal is back. In Beverly Hills, film producer Jeffrey Katzenberg just plunked down $35 million for an 8,700-square-foot home on six acres.

There's nothing like a stabilized economy and a huge rebound in stocks to send folks looking for the perfect manse. The return of hefty Wall Street bonuses hasn't hurt, either.

Buying in the United States

January 24, 2010 - United States

1 A foreign investor may purchase real property within the United States in a variety of ways: in his or her own name; through a US corporation, partnership, or trust; or through a foreign legal entity.

2 The income and estate tax consequences of owning or selling property will vary depending on the vehicle through which the actual investment is made.

3 Legal fees and other costs are likely to be around 2 per cent of the price of the property.

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Worlds rich plan to invest more in property, survey shows

December 07, 2009 - United States

The richer you are the more likely you are to invest in property which is now regarded as better opportunity for long term returns that stocks and bonds, according to a new survey.

Twice as many people plan to increase their investment in residential and commercial property as intend to reduce, the global survey from Barclays shows.

It is those with more than $800,000 to invest that are leading the property investment race and the extent of their plans for real estate has amazed researchers.

Top 10 world's most expensive homes

November 20, 2009 - United States

The US magazine “Forbes” published the TOP of the most expensive residential real estate ready for sale.

The topper of this year’s list is the $150million Holmby Hills Mansion. The house named, Manor belonged to late producer, Aaron Spelling and has been listed for sale by his wife Candy Spelling.

Undoubtedly, prices and sales have suffered from the economic downturn, but still, the homes on the list ask for some big bucks. Check out the whole list after the jump…

America's Most Expensive Cities 2009

October 19, 2009 - United States

The list of the most expensive cities in the United States is now out, and unsurprisingly, New York has taken the top spot, with a cost of living that's double its closest follower.

All 10 cities measured jumped in Mercer's worldwide rankings. Out of 253 major metropolises around the world surveyed, New York this year ranked 8, up from 22; Los Angeles ranked 23, up 27 places from 2008.

The top five most expensive U.S cities also saw their worldwide ranks surge: White Plains, a destination for expats, jumped from 89 to 31; San Francisco from 78 to 34; and Honolulu from 77 to 41.

AIG Office to Be Converted to Luxury Condos

October 13, 2009 - United States

The New York headquarters of insurer American International Group (AIG) is being converted into luxury condominiums.

In a research note released Thursday, Fox-Pitt Kelton real estate analyst Robert Stevenson calculates the profitability of the transaction for the real-estate developer who bought AIG’s headquarters.

The developer, Young Woo, is planning to turn the top 40 floors of AIG’s 66-story headquarters near Wall Street into pricey condominiums.

George Graham Joins Sotheby’s Concierge

October 05, 2009 - United States

The ex-managing director of Fortress’s Drawbridge Special Opportunities Fund George Graham has joined Sotheby’s International Realty’s Concierge Auctions.

Concierge is hopeful that Graham's history as a lender and investment banker will bring valuable relationships to the company, according to Fortune magazine.

Graham will serve as CEO of the group, which was founded three years ago by a South Florida broker with the purpose of unloading properties that would otherwise not sell on the open market.

La Jolla is the most expensive home market in the US

September 25, 2009 - United States

La Jolla, California, is the most expensive home market in the U.S., according to the 2009 Coldwell Banker Home Price Comparison Index.

With an average price of $2.13 million, a 2,200-square-foot (204-square-meter) home in La Jolla costs more than any other comparable property in 310 markets nationwide, Coldwell said today. La Jolla is located within the city limits of San Diego.