Longstanding Viera/Suntree brokerage Vista Florida Realty LLC merges with Dale Sorensen Real Estate, Inc

VERO BEACH, Fla., Oct. 22, 2020 /PRNewswire/ — Dale Sorensen Real Estate (DSRE) is excited to announce that Vista Florida Realty has merged with DSRE Brevard.  The merger, which brings together two highly successful Brevard County brokerages, will give the companies a distinct advantage in the increasingly competitive world of real estate.

Vista Florida Realty was founded in 2014 by Grace Vista.  A native of Annapolis, Maryland, Vista has been a licensed realtor since 2004, earning her Broker’s license in 2014.  Deciding to merge with another company wasn’t an easy decision until she met with the DSRE team.

“When Gary Scenti, a managing broker at Dale Sorensen Real Estate, asked me to meet with them, I thought why not,” said Vista.  “I respected the Sorensen brand and I thought, if nothing else, I can learn something from meeting with them. What I didn’t expect was that when I

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Real Estate Rumors: CTO Realty, Bed Bath & Beyond, Alco

Law360 (October 16, 2020, 4:06 PM EDT) — CTO Realty Growth has purchased a 106,000-square-foot Hialeah, Florida, retail center for $21 million, the South Florida Business Journal reported Friday. The deal is for 1460 W. 49th St., which sits on 8.5 acres, and the seller is Seritage Growth Properties, according to the report.

Bed Bath & Beyond has reversed course on the future of its store at 620 Sixth Ave. in New York and now plans to reopen that location following renovations, The Real Deal reported Friday. The retailer earlier this month had said it was permanently closing the location, but told The Real Deal on Friday the Sixth…

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In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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Perfect Storm For Realty Investors: Rising Vacancies And Falling Rents

In Piketty and the decline of dirty mansions, Dylan Reid reminds of the debt-driven economic boom that built large single-family mansions in the early 20th century. Many were converted to more efficient and affordable multiple-unit dwellings in the bust years that followed. In the process, working people who had been priced out of many areas could move into affordable housing in nice neighbourhoods with good access to transportation, services and schools. Social and economic strength improved as they did.

Another debt boom worked to reverse the trend over the last 15 years, as many of the same buildings were remodelled back to large single-family dwellings and nice rentals became scarce and prohibitively expensive.

Condo buildings, institutional dwellings for students and seniors, and office and commercial space became “no-brainers” since they could be purpose-built in scale by yield-starved investors willing to buy with thin and even negative cash flow prospects.

Then

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Stream Realty Partners Ranks as Top Property Management Firm

DALLAS, Oct. 16, 2020 /PRNewswire/ — Stream Realty Partners (Stream), a full-service national real estate investment, development and services company, has been ranked as the top Property Management Firm in the Dallas Business Journal’s North Texas Commercial Property Managers. The list compares total local commercial square feet managed, and in 2019, Stream’s Property Management platform has almost doubled the number of properties managed and grew its total footprint to 74.4 million square feet in Dallas-Fort Worth (DFW).

“2019 was an incredible year for the DFW Property Management Team. Many thanks to our Accounting and Construction Management teams for supporting the growth,” said Mica Hopkins CPA, Managing Director of Property Management for Stream’s DFW office. “We would not be successful without our exceptional team and the passion they have for our clients, tenants and commercial real estate.”

Exponential growth appears to be on trend for Stream’s Property Management Services with

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5% Dividend Yield From Postal Office Real Estate: Postal Realty (NYSE:PSTL)

Postal Realty Trust (PSTL) is an internally managed real estate investment trust (‘REIT’) that owns properties leased to the United States Postal Service (‘USPS’). The fragmented state of USPS properties makes PSTL an unlikely growth story with a hefty 5% dividend yield as a starting point. While the tenant concentration is a potential cause for concern, PSTL appears to be a worthy addition to any dividend growth portfolio.

Postal Office Real Estate

For those who are unfamiliar with postal office real estate, the USPS is a government entity whereas the underlying USPS properties are often privately owned. PSTL owns 666 such properties spread across 47 states, with a heavy concentration everywhere except the West coast:

(2020 Investor Presentation)

While it is tempting to put PSTL in the same league as triple net lease (‘NNN’) operators such as Realty Income (O), there are important distinctions to make. Typical NNN REITs like

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Realty Vs Real Estate Vs Real Property

Realty and personal property terms have often been confused as to what they exactly mean. Here we will clear that right up for you. We will look at the terms personal property, realty, land, real estate, and lastly real property.

Let’s begin with personal property. Personal property also known as chattel is everything that is not real property. Example couches, TVs things of this nature. Emblements pronounced (M-blee-ments) are things like crops, apples, oranges, and berries. Emblements are also personal property. So when you go to sell your house, flip, or wholesale deal, you sell or transfer ownership by a bill of sale with personal property.

Realty.

Realty is the broad definition for land, real estate, and real property.

Land

Land is everything mother nature gave to us like whats below the ground, above the ground and the airspace. Also called subsurface (underground), surface (the dirt) and airspace. So when … Read More