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Douglas Elliman’s Sonia Stock on Her Journey From Tennis Pro to Broker – Commercial Observer

Among the residential brokers who take a whack at commercial, there is a steep learning curve . The businesses, everyone will tell you, are extremely different. Success in one rarely translates to success in another, and very few manage the transition. But Sonia Stock, an associate broker at Douglas Elliman, is good at taking a whack at things—be it a tennis ball or a client from out of nowhere. Like this one time… In the summer of 2004, Stock (then focused solely on residential) had a dental appointment in Union, N.J. Coming from New York and being a runner, she figured she’d take the train from Penn Station to Rahway (the station closest to her appointment) and sprint the eight miles to her dentist. But when the train arrived late , she knew running wouldn ’t get her there in time. So the experienced world traveler hit the side of the road and stuck out her thumb and was picked up by a woman in a Mercedes. “We got along very well,” Stock said, recalling what would turn out to be one...

Federer out of Cincinnati with bad back, Nadal to be No. 1

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Tennis Podcast Are Zverev and Svitolina US Open favourites? Plus Roger Federer injury latest Alexander Zverev shocked second seed Roger Federer in straight sets in the Montreal Masters final to win his fifth title of the season and announce himself as an emerging star for the US Open. Federer's withdrawal means Nadal , who lost in the third round at Montreal , will return to No. 1 when new ATP rankings are released August 21. Instead, it's Nadal who dethroned Andy Murray from the top to regain his crown. The last time the Spaniard was atop the men's singles ranking was on 6 July 2014. "There's a young generation up and coming". Morgan Stanley Increases Rio Tinto plc (RIO) Price Target to GBX 3430 The Company's divisions include Iron Ore , Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. Mizuho upgraded Apartment Investment and Management Co (NYSE:AIV) on Monday, March 21 to "Buy" rating . Wimbledon champion Roger...

Five big projects in Tampa; five big problems looming

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The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...

Owners of Ann Arbor's Hidden Valley Club apartments seek to avoid foreclosure on $18 million CMBS debt

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Lon Horwedel | AnnArbor.com Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $ 70 billion national real estate problem : Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to modify the loan. The loan itself - which totals $18.1 million - is complicated, since it’s one among billions in real estate investments that were repackaged and sold to Wall Street investors during years of peak real estate prices . So are the circumstances behind the loan default, said Hidden Valley Club co- owner Jeff Starman . The most obvious is the drop in the property’s value as rental rates fell below levels to cover loan payments . Other factors include a national real estate climate in which banking consolidations after the lending crisis and the sheer volume of properties in securitized loans - known as Commercial Mortgage B...

365 Connect to Participate at Texas Apartment Association Education Conference & Expo

NEW ORLEANS, LA – 365 Connect , a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry announced today that the company will participate in the Texas Apartment Association Education Conference & Lone Star Expo . The conference takes place from April 26 – 29, 2017 in Fort Worth, Texas. Providing technology solutions for multifamily housing communities across the nation, 365 Connect will demonstrate its revolutionary Resident Lifecycle Platform during the event, which encompasses the entire spectrum of services including multi - channel digital marketing , seamless transactions to convert prospects into residents, and an integrated mix of content and communication, allowing the next generation of renters to pay rent, request services, and renew leases. 365 Connect Founder and CEO, Kerry W. Kirby, stated, “The Texas Apartment Association Education Conference & Lone Star Expo continues to be the larg...

The Tate Modern and the battle for London’s soul

The iconic London landmark uses its public spaces to counterpoint the unbridled growth of London’s luxury private structures I recently found myself staring into a stranger’s living room, waiting for something beautiful to happen. I was standing on the 10th- floor viewing terrace of the Tate Modern’s new wing, a twisting ziggurat of perforated brick and mortar that rises above the museum’s home in the old Bankside Power Station . The terrace allows for 360-degree views of the building frenzy that has consumed much of London’s skyline. Cranes dip and dive in every direction; to the east, the Shard, an overwhelming ice pick of a skyscraper, dwarfs the Victorian roofs of the surrounding neighbourhood; to the west, the pregnant monolith of One Blackfriars, a 50-storey mixed-used building, looms over the Thames like an alien mothership. As is the case all over the city, many of its £4 million (Dh19 million) apartments will be scooped up as investments, only to stand empty. Idle butlers ...