Posts Tagged ‘Property’

Hamptons Real Estate News: New North of the Highway Record Sale — $9.75 Million for One-Acre of Non-Waterfront Property — Reports Gary DePersia of The Corcoran Group

Thursday, May 1st, 2014


East Hampton, New York (PRWEB) April 16, 2014

Hamptons real estate broker Gary DePersia of The Corcoran Group (http://www.myhamptonhomes.com) sealed a new record deal for the highest price of non-waterfront property on one-acre North of the Highway at $ 9.75 million. He represented both the buyer and the seller.

Built by whaling scion Nathan P. Howell in 1833, the Greek Revival style home on Sag Harbor’s bustling Main Street was once one of the grandest residences on the East End. It stretches across 9,000-square-feet and four levels with six bedrooms, eight-and-one-half bathrooms and grand parlors including ten fireplaces and a loft with widow’s walk capturing 360-degree village views. On a full-acre of lawn and garden with specimen trees, the structure was family-owned for more than 135 years until the 1970s. It was renovated, maintained and cherished to the highest standards by the seller who had owned since the mid-1990s.

“One-of-a-kind benchmarks can now be set in any market and in any area of the Hamptons. The price lines dividing North and South of the Highway are blurring. This sale is every bit as pricey as a special house on one-acre in the estate sections of East Hampton or Southampton, says DePersia.

DePersia set another North of the Highway market record, unsurpassed since 2011, for the highest price residential sale at $ 36 million, with the 55-acre waterfront oasis Tyndal Point in Sag Harbors North Haven. Here he represented both buyer and seller as well.

About Nathan P. Howell House (http://www.myhamptonhomes.com/Sag_Harbor-real-estate-1384180588-1.php):

In 1833, the scion of a wealthy whaling clan, Nathan P. Howell, built a large Greek Revival style home on Sag Harbor’s bustling Main Street. At the height of his prosperity in 1850, Howell enlarged and renovated his house in the Italianate style to become one of the grandest residences on the East End at that time. Later on in that century, Howell’s daughter inherited the house and succeeding generations maintained the house and its ownership well into the 1970s. After exhaustive work by its seller, who lived there for nearly two decades, modern amenities were balanced harmoniously with original details within this 8,000 SF+/- six bedroom residence on four levels of living space, including finished lower level, serviced by both stairs and elevator, and set magnificently within a full acre of lawn, gardens and specimen trees. Grand parlors within are embraced by broad covered porches setting the tone for this extraordinary offering within close proximity to shops, restaurants and the marinas of a village in the midst of an amazing renaissance. A third floor loft with bathroom leads up a short staircase to the widow’s walk capturing 360-degree views of the surrounding village, forming the perfect venue for that postprandial cigar.

About Gary DePersia (The Corcoran Group, 51 Main Street, East Hampton, NY 11937, 631.899.0215 or 516.380.0538, http://www.myhamptonhomes.com):

On the East End since 1995, Gary DePersia of The Corcoran Group has participated in more than one billion dollars of real estate transactions. His sensational inventory of Hamptons luxury real estate has generated benchmark deals. Among them is the 55-acre waterfront oasis Tyndal Point in Sag Harbors North Haven. At $ 36 million, it was the highest price residential sale ever north of the highway, plus the largest transaction for 2011, on the East End. Consistently ranked among the top producers in the Hamptons, and a year-on-year national list maker, in 2008, he was Corcoran’s top broker on the East End by sales volume and rental units; and ranked the nations 4th top broker by sales volume with over $ 202 million worth of transactions in The Wall Street Journal and REAL Trends Top 250 real estate professionals. Gary is the broker other brokers have come to follow and emulate. He is well-versed on the inventory of each village and hamlet and with four licensed assistants has built a business stretching from Southampton to Montauk and Sagaponack to Shelter Island. As the East End’s most prolific advertiser, his exclusive listings are found regularly in print and online. He was the first Hamptons broker with his own personal website (http://www.myhamptonhomes.com) and broad use of social media. An inimitable ambassador for Hamptons luxury real estate, he regularly guides television viewers around the areas finest homes and is tapped by top news media for his expert market views and exceptional listings. His far-reaching experience, affable nature and energized style make him a favorite of other brokers seeking a knowledgeable Hamptons realtor who truly cares about client service.







Amstar Recapitalizes 186,000 Square Foot Office Property in Atlantas Central Perimeter

Wednesday, April 30th, 2014


Denver, Colorado (PRWEB) April 14, 2014

Amstar announced today the recapitalization of Centrum at Glenridge with operating partner Origin Capital Partners. Origin, a Chicago-based real estate investment manager, acquired the 186,362 sf, eight-story, multi-tenant office building in February 2014 as part of its second value-add fund. The seller was a joint venture between Atlanta-based Ackerman & Co and Northwestern Mutual. The recapitalization was facilitated by Ken Grimes of Patterson Real Estate Advisory Group.

Centrum at Glenridge is located on Johnson Ferry Road in Atlantas Central Perimeter submarket and is currently 84% leased to 15 tenants. The Property features a diverse tenant base and staggered rent roll, anchored by Haverty Furniture Company, Inc. and Cumulus Media. The Property features an exercise facility, on site caf

ROSS Management Boosts Online Results with Property Solutions Single, Open Platform

Saturday, February 15th, 2014


Lehi, UT (PRWEB) January 09, 2014

ROSS Management Services, 12,000-unit multifamily residential affiliate of Maryland-based ROSS Companies, announced strong performance in online participation after the launch of Property Solutions single, open platform. Since implementation began in October, the company has seen more than 60 percent resident participation in online rent payments at select properties, and a portfolio-wide average of 50 percent conversion from lead to completed online application.

Our overall goal is to enhance the customer experience and to make it easy for them to do business with us, said Elaine De Lude, Chief Marketing Officer at ROSS. Migrating to Property Solutionswhere everything works together as onemakes everything seamless for the customer, from the time they reach the website, all the way through the leasing process, until move-out and beyond.

ROSS uses Property Solutions free, open API to customize their online experience and integrate their data in real time without charge. It allows the customer to interact uniquely with a particular multifamily property website without leaving or redirecting to a separate page for tools like applications, payments, pricing and availability. The result is higher conversion and lower drop-off, as De Lude explained, Its one-stop shopping for them. They dont have to leave our site.

According to ROSS, the freedom of Property Solutions open platform benefits their bottom line beyond the integration fees that typically accompany multifamily software. Theres such a quick influx of innovation happening, multifamily companies need to have a foundation of technology that provides flexibility. If some new product is launched, and you have a platform that doesnt allow you the flexibility to adapt, then youre stuck, said De Lude. Especially when other stakeholders, such as property owners or even residents, show interest in a new piece of technology, if your company doesnt have a platform that can support that then it really puts you at a competitive disadvantagenot only at the property level, but the corporate level as well.

Property Solutions maintains a long-standing commitment to free third-party integrations and provides open API documentation for an array of web services. This led to a smooth collaboration between third-party designers, Property Solutions, and ROSS when the company launched its new website for The Crest at Congressional Plaza in December. Their cooperative approach speaks highly towards all aspects of customer service, said De Lude. Complete information on Property Solutions’ product offering and company background is found at http://www.propertysolutions.com.

About ROSS Management

ROSS Management Services, an affiliate of ROSS Companies, manages more than 30 apartment communities in and around the Washington, DC metro area. ROSS Companiesa recognized leader in apartment acquisitions and investment, development, property management and renovationis celebrating its 25th anniversary this year. With nearly 12,000 apartment homes in its portfolio, the company is one of the most active multifamily real estate firms in the Mid-Atlantic region. ROSS Companies is comprised of three affiliates: ROSS Development & Investment, ROSS Management Services and ROSS Renovation & Construction. For more information, go to http://www.therosscompanies.com.

About Property Solutions

Founded in 2003, Property Solutions

The Property Show: Second home options in Pune, celebrity home review

Monday, December 30th, 2013

The Property Show: Second home options in Pune, celebrity home review

The Property Show: On the Property Show, experts review the second home options in Pune. They also discuss why Bangalore is seeing a demand surge for commerc…
Video Rating: 1 / 5

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Jamie McCourt Announces Purchase of 22-acre Property and Vineyard in Napa County, California

Thursday, December 19th, 2013

(PRWEB) November 18, 2013

Investor Jamie McCourt, owner of venture capital firm Jamie Enterprises, has purchased a 22-acre vineyard and estate in the town of Rutherford in Napa County, California.

The main house on the luxury property was designed by award-winning architect Scott Johnson of Johnson Fain, who was also principal designer of the nearby and highly praised Opus One winery for Robert Mondavi and the Baroness Philippine de Rothschild. The property features a garden of sculpted, mature trees and a dramatic 75-foot lap pool, which runs perpendicular to the main house. The estates guest house, which won an AIA award, was designed by noted architect Stanley Saitowitz.

Sothebys International Realty Wine Country agent Ginger Martin represented McCourt in the transaction.

I was drawn to the property by the promise of its remarkable vines, but my decision to buy was strengthened by the stunning contemporary architecture, which beautifully blends into its natural setting, and by the propertys spectacular, expansive views of the surrounding Napa countryside, Jamie said. The vineyard, which was carefully planted and nurtured by its previous owners, is one of the most precious and one of the best in the Napa Valley. Robert Parkers 93-point score for the vineyards 2008 Cabernet Sauvignon and his 92+ score for the 2007 vintage made the wine world stand up and take notice of what was being grown at this elegant address in the Napa Valley. I intend to continue and expand that reputation for excellence, and Im thrilled that David Abreu will be my vineyard manager.

The hillside property, which overlooks the world-famous Auberge du Soleil resort, will be operated as a commercial venture. Wines from the property have appeared on the prestigious lists of many elite restaurants, the Mandarin Oriental and Ritz Carlton Hotels in San Francisco, the Four Seasons Hotel in Santa Barbara, and the Beverly Wilshire Hotel in Beverly Hills.

Jamie McCourt is a respected food and wine connoisseur. She trained in the South of France with the legendary and visionary Madeleine Kamman. She is also an investor in a variety of culinary ventures including Bouchon of Beverly Hills, founded by her friend, the celebrated Thomas Keller of French Laundry fame.

About Jamie Enterprises

Investment firm Jamie Enterprises principally invests in high-value real estate, biotechnology ventures, and early-stage technology start-ups. Jamie was an early stage investor in ZipCar, now the nations largest peer-to-peer car sharing service, and is the owner of Jamie M Vineyards in the Napa Valley of California.

Jamie McCourt is the former co-owner, President and CEO of the Los Angeles Dodgers and an attorney who has practiced law in the States of New York and Massachusetts. She graduated with a degree in French from Georgetown University and has studied language and French literature at the Sorbonne in Paris, France. Jamie is an MBA graduate of MITs Sloan School of Management and serves on the Sloan Schools North America Executive Board.

As an active philanthropist, Jamie serves on the Board of Trustees of the Los Angeles County Museum of Art, as well as its Finance Committee. She is a member of the Centre Pompidou Foundation and is on the National Board of Directors of the American Friends of The Hebrew University. She was a visiting professor for four years at the graduate level in the UCLA Anderson School of Management and currently serves on the Executive Board of the Anderson School. She is also a member of the Board of Trustees at the University of Southern California.

The Jamie M Foundation focuses its giving on promoting the role of women in senior management, business education, contemporary art and support for the worldwide Jewish community.