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Bryan Joseph


Member since February 07, 2014

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    International investors with a total of US$2 trillion ($2.34 trillion) in funds have put New Zealand in their top-10 list of Asia-Pacific real estate investment targets.

    A survey out this month from the Association of Non-Listed Real Estate Investors put New Zealand on its list for the first time, said Justin Kean, JLL New Zealand's head of research and capital markets.

    New Zealand was ranked eighth.

    "The association represents investors with a total portfolio of some US$2 trillion. If international investors allocated just 1 per cent of their assets to the New Zealand market, we would see $20 billion of capital head this way."

    Kean said about $2 billion of commercial real estate./) going for $5 million-plus was sold throughout New Zealand.

    That survey comes after Chapman Tripp said last week that more foreign buyers were likely to make bids for New Zealand assets this year with China at the forefront.

    The law firm has released its view on trends and insights into New Zealand mergers and acquisitions and has picked foreign investment as an important trend in 2014.

    Kean said international investors saw New Zealand as a key Asia-Pacific location.

    "The economy in New Zealand has seen a good organic economic recovery kick in in the last 18 months. Positive pressure is warranting a firming of cap rates which is being driven by a weight of both local and now international capital.

    "Institutional investors are back in a buying mode and this means that fo...

  • Agent_300x200_177_

    Article Source

    The real estate industry is sometimes viewed with suspicion - no doubt because some of its entrenched processes appear to essentially betray the interests of the vendor. What agents won't tell you about auctions examines the fact that auctions are favoured by real estate professionals in part because, in the absence of more than one "motivated bidder", the vendor is left in the unenviable position of feeling pressured to sell their property at the very lowest acceptable price (aka "the reserve").

    Are open homes dodgy? alleges that open homes are used brazenly by real estate sales people but not for the purpose one would assume. For some it's less about showing off the actual house for sale and more about making contact with other potential house sellers in the neighbourhood.

    The nature of the commission is the third part of the real estate business that can cause sellers discomfort. Firstly, the reasons behind the fact that an agent's remuneration is based on the value of the house concerned are not widely understood. Why should someone be rewarded more for selling a $5-million property than, say, a $500,000 one? Does it take extra effort to say "state-of-the-art Miele MultiSteam oven" than it does to say "plain old Shacklock oven"? Perhaps it's because marble floors wear out the soles of the real estate sale person's shoes faster than unassuming cork. Or is writing down that extra zero an especially onerous task?


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    Conjuring the future of commercial real estate begins by conjuring our future. How will we work, live, shop or do business? Perhaps no other investment sector is so closely tied to people's most fundamental needs and behaviors; its evolution, to a large extent, follows ours.

    Take it from Peter Linneman of Linneman Associates and the Albert Sussman Emeritus Professor at The Wharton School of Business, who pioneered the academic study of real estate and was named by the National Association of Realtors as one of the 25 most influential people in the business. Commercial real estate, he said, "exists to service the economy and society. That's all we do."

    Over the next 25 years, say Linneman and other key players in the industry, commercial real estate will be buffeted by changes in demographics, technology, globalization, economic and environmental realities and a host of other trends. Some pieces of the trillion-dollar global industry will adapt; others will fall away. It will still be a cyclical business, but no matter how it changes, commercial real estate is expected to be thriving in 2039.

    Here are seven bold predictions about U.S. commercial real estate in 2039.

    1. Most shopping malls will be extinct. The world of the American shopping mall, said Kenneth Riggs, president and CEO of Real Estate Research Corp., "has been a Darwinian environment since the 1990s with the advent of big-box retail and the 'Wal-Marting' of the world—and it will stay that way.&quo...
  • Miami real estate team targets Paris

    Communication, Communication Design


    A team of South Florida real estate professionals will head to the city of light at the end of the month to showcase some of the region’s new projects to potential Parisian clientele.

    For the trip, MC2 Realty partnered with the recently formed Fédération des Professionnels de L’Immobilier de Miami (FPIM) and those behind some of South Florida’s new residential real estate projects, said Marie-Charlotte Piro, vice president of MC2 Realty and founder and president of the federation.

    Real estate Dyman and FPIM partners – including attorneys and bankers – will make the journey to Paris, she said.

    Two thousand potential clients have been invited to the two-day, invite-only event, Mrs. Piro said. The group is hoping to have 100 attendees, which she said would be more than enough.

    Projects on show will include 1 Hotel & Homes South Beach, with partners The LeFrak Organization and Starwood Capital Group.

    Mrs. Piro said the group has been working on the trip since November, and the next presentation could be in Geneva or Canada.

    FPIM was incorporated last June, she said. The non-profit organization pairs French-speaking realtors in South Florida with French-speaking buyers from around the world who are interested in purchasing real estate in the region.

    It was an idea she had been “massaging” for a couple of years.

    The real estate business works a little differently in France and she wanted to make the process easier for agents and clear for clients.

    She e...