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Real Estate Transfers: Nov. 25, 2021

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Entries for the Times Review Media Group by the Suffolk Research Service, Nov. 10-16. October 2021.

AQUEBOGUE (11931)

• Hopkins, T, after Fitzgerald, Marilyn, 27 Summerfield Ln S, Unit 27 (600-45.1-1-27), (R), $ 570,000

CUTCHOGUE (11935)

• Lademann, J, of Executor to Dalton Studios LLC, 3900 Alvahs Ln (1000-102-4-3.2), (R), $ 445,000

• Rimor Development LLC to Davis, Linda, 24 Harvest Pointe Ln # 90 (1000-102.1-2-34), (R), $ 855,000

• Neumann, M, Trust to Kurland, Orin, 3785 Vanston Rd (1000-111-11-3), (R), $ 851,500

EAST MARION (11939)

• Oki-Do Ltd to FTKS Holdings LLC, 2835 Shipyard Ln (1000-38-7-7.1), (C), $ 6,000,000

FLANDERS (11901)

• Lippe, R, to PS1946 Properties LLC, 68 Glider Avenue (900-142-3-20), (V), $ 130,000

• Van Vliet, L&M, to Baig, Tahir, 75 Topping Dr (900-164-4-28), (R), $ 550,000

MATTITUCK (11952)

• Drum, M, from Executors to McGlone, Timothy, 2305 Mill Rd (1000-100-3-18), (V), $ 237,000

• Ben Ami, G&T, to Lipschitz, Hilton, 1060 Fox Hollow Rd (1000-113-6-23), (R), $ 1,590,000

• Delvecchio, C&M, to Ketcham, Robert & Matthew, 770 Harvest Ln (1000-120-3-8.11), (R), $ 780,500

• Comerford, V, to Herrmann, Ronald, 2200 Camp Mineola Rd (1000-122-4-39), (R), $ 705,000

• Fox, G, to Arra, Dake, 410 Bay Ave (1000-143-3-9), (R), $ 400,000

RIVER HEAD (11901)

• Blake Realty LLC to Martinez, Fredy, 27 Cruise St (600-13-3-49), (R), $ 420,000

ENTERTAINMENT ISLAND (11964)

• Hassman, R, after Giallorenzi, John S, 91 S Ferry Rd (700-23-3-2), (V), $ 460,000

SOUTH (11971)

• Feldis, T, of Tr to Feldis, Kevin, 18175 Soundview Ave (1000-51-1-9), (V), $ 12,000

• Esteves Holding Corp to O’Leary, Kevin, 6505 Horton Ln (1000-54-7-17), (R), $ 1,200,000

• Tinnelly, C, to Akan, Osman, 450 Mechanic St (1000-61-4-14), (R), $ 656,000

• Granfort, S & L, at Mrva, Maria, 2555 Youngs Ave, # 15A (1000-63.1-1-21), (C), $ 536,000

• Lengua, C&C, to Lengua, Lucia, 250 Jernick Ln (1000-70-3-17), (R), $ 525,000

• Kay, S, Family Trust to Fay, Lawrence, 6280 Main Bayview Rd (1000-78-5-6), (R), $ 800,000

• Phelan, S&M, from Executor to Koke, Michael, 595 Reydon Dr (1000-79-5-14.5), (R), $ 1,050,000

Wading River (11792)

• Popovitch, J, to Culhane, Terrence, 140 North Woods Dr (600-36-2-1.5), (R), $ 930,000

• Buckley, M, after Doherty, Christopher, 89 Leonard St (600-54-3-11), (R), $ 425,000

(Key: tax card numbers = district-section-block-property; (A) = agriculture; (R) = residential; (V) = vacancy; (C) = commercial; (R&E) = recreation & entertainment; (CS) = communal Services; (I) = industrial; (PS) = public service; (P) = parkland; determined from the estimated values ​​in the current tax lists.)

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Big north San Jose office building lands Silicon Valley buyer

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SAN JOSE – A large office building in northern San Jose has been purchased by a local real estate company, a sign that investors have a healthy appetite for select properties in the Bay Area’s technology centers.

Located near the intersection of State Route 237 and Zanker Road in San Jose, the building was purchased by a subsidiary of Menlo Equities, an experienced Bay Area real estate company.

Holger Technology Partners, the Menlo Equities subsidiary, paid $ 35 million for the building at 300 Holger Way, according to documents filed with the Santa Clara County Recorder’s Office on Nov. 24.

KBS Capital Markets Group has sold the building with a total area of ​​99,600 square meters. The building is part of the tech campus District 237 on Holger Way just off State Route 237.

“The location provides close proximity to several of the world’s leading technology companies, including Google, which is expanding its development presence in San Jose,” said Gio Cordoves, KBE’s Western Regional President. “This is just one example of the demand for office space in this market.”

District 237, a technology campus on Holger Way in northern San Jose, has a memorial sign and some office buildings visible. (Cushman & Wakefield)

District 237 is a modern office campus in the “Golden Triangle” of San Jose, a technically dominated section in northern San Jose, which is roughly bounded by State Route 237, Interstate 880 and US Highway 101.

KBS once owned all eight buildings on the office campus, a complex the company bought in 2013.

With the latest transaction, KBS has now sold all eight originally acquired buildings.

KBS started unloading the office properties in 2018 through five different transactions, according to documents.

– 400, 450, and 475 Holger Way, $ 97.4 million, June 2018.

– 100 Headquarters Drive and 200 Holger Way, $ 95.2 million, June 2020.

– 250 Holger Way, $ 38.3 million, September 2020.

– 350 Holger, $ 50.5 million, December 2020.

– 300 Holger, $ 35 million, November 2021.

All in all, over a period of several years, KBS collected $ 316.4 million from building sales, a 32% increase over the $ 239 million KBS paid for all eight buildings in 2013.

“This location has become one of the most desirable in Silicon Valley over the past 10 years, with the Highway 237 corridor benefiting from new office, retail and apartment buildings,” KBS stated in its web post.

CBRE commercial real estate agents Joseph Moriarty, Scott Prosser, Jack Depuy, Brad Zampa and Mike Walker arranged the purchase of the 300 Holger Way building. Commercial real estate agents Erik Hallgrimson, Steve Horton and Kelly Yoder of Cushman & Wakefield have sought tenants for the building and provided market expertise for the transaction.

“This transaction represented a rare opportunity to acquire a fully refurbished Class A office building in the premier market in north San Jose,” said Prosser.

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Troubling Data For Horry County Future Real Estate Sales MyrtleBeachSC News

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Rocket Homes lists Horry County as a seller’s market for 2020 and 2021.

The average sales price for a house sold in Horry County is currently $ 245,569.

Horry County is the fastest growing county in the state with a population of 350,000 and the growth continues.

BUT THERE ARE ONLY PROBLEMS

Click the image to view the Boomer Death Clock in real time

In 2014, Incendar.com created what is known as the Boomer Death Clock. While it is certainly a morbid name, each generation goes through its own life cycle.

According to Incendar, a baby boomer dies every 16.5 seconds in America. This number is expected to double over the next 10 years.

BoomersYoung Boomers and Old Boomers account for 32% of all home sales

According to the National Association of Realtors, baby boomers would buy 32% of all homes sold in America in 2021.

Millennial and Gen-X buyers were just behind. Millennials make up the largest generation in the United States today.

Statistics: Resident population in the USA in 2020, by generation (in millions) |  Statista
More statistics can be found at Statista

FASTER FORWARD 5 YEARS

The Generation X generation is nowhere near as big as the boomers. This generation is about 10 years away from retirement. However, Horry County is not in the top state for retirement.

IT’S GETTING WORSE – MILLENIALS

The top 10 states where millennials buy homes include:

1. Denver, Colorado

Denver had the largest net millennial migration with 10,974 millennials moving to the city from another state in 2019, resulting in approximately 33% of Denver’s population being millennials.

2. Seattle, Washington

Seattle had a net immigration of 6,164 millennials from other states, which is 34% of the city’s population.

3. Phoenix, Arizona

Phoenix had a net migration of 5,958 millennials. Millennials made up 23 percent of the city’s population after migrating.

4. Austin, Texas

Austin had a net immigration of 5,686 millennials from other states, which is 31% of the city’s population.

5. Colorado Springs, Colorado

Colorado Springs saw a net migration of 5,050 millennials from other states in 2019. Millennials made up approximately 24% of the city’s population.

6. Frisco, Texas

Frisco, which is located in the Dallas-Fort Worth metropolitan area, saw a net migration of 3,516 millennials from other states in 2019, which is roughly 19% of the city’s population.

7. Cary, North Carolina

Cary, which is about 15 minutes west of Raleigh, had a net migration of 3,364 millennials from other states in 2019. No data on the millennial population were available.

8. Portland, Oregon

Portland saw a net immigration of 3,311 millennials from other states, which resulted in them making up about 29% of the city’s population.

9. Henderson, Nevada

Henderson, which is about 25 minutes from downtown Las Vegas, saw a net migration of 3,042 millennials from other states in 2019. Millennials made up about 20% of the city’s population.

10. Cape Coral, Florida

Cape Coral, which is about 20 minutes from Fort Meyers and on the Gulf Coast, saw a net migration of 2,666 millennials from other states in 2019. Millennials made up about 18% of the city’s population.

Horry County is nowhere to be found on this list.

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Jax Beach oceanfront home goes for $6.5 million

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4015 Duval Drive in Jacksonville Beach sold for $ 6,500,000 on October 12.

A classic clapboard style beach house holds the top spot as the most expensive home sold in Duval County last month. Built in 1964, the nearly 4,000-square-foot home sold for $ 6,500,000 on October 12.

Below are the top 10 single family home sales recorded October 1st through October 31st.

1. 4015 Duval drive

Price: $ 6.5 million

Buyer: Modern Development LLC

Seller: John & Meghan Starling

Neighborhood: Jacksonville Beach

Cultivation area: 0.26

Square Feet: 3,926

Bedroom: 5

Baths: 4.5

Year of construction: 1964

Sale Date: October 12th

Property: With Zillow still owning hundreds of homes in Jacksonville, he stops going upside down. Should you take care of it?

Related: The tight market is helping to keep home prices at a median of $ 310,000 in the Jacksonville area

2.3904 Alhambra Drive W., Jacksonville

Price: $ 5,400,000

Buyer: William McCalla

Seller: William & Shannon Connell

Neighborhood: San Marco

Cultivation area: 2.5

Square Feet: 10,204

Bedroom: 5

Baths: 6.5

Year of construction: 2006

Sale Date: October 12th

3. 12386 Royal Troon Lane, Jacksonville

Price: $ 3,900,000

Buyer: GK Realty Holdings Land Trust

Seller: Susan & Raymond Walden

Neighborhood: Glen Kernan

Cultivation area: 2.13

Square Feet: 8,418

Bedroom: 5

Baths: 6.5

Year of construction: 2009

Sale Date: October 14th

4. 5370 Commissioners Drive, Jacksonville

Price: $ 2,205,000

Buyer: Mary Lester

Seller: Frank & Janina Pinon

Neighborhood: Pablo Creek Reserve

Cultivation area: 0.78

Square Feet: 4,260

Bedroom: 4

Baths: 4.5

Year of construction: 2014

Sale Date: October 12th

3904 Alhambra Drive W. in the San Marco area of ​​Jacksonville sold for $ 5,400,000 on October 12.

3904 Alhambra Drive W. in the San Marco area of ​​Jacksonville sold for $ 5,400,000 on October 12.

5 6326 San Jose Boulevard. W., Jacksonville

Price: $ 2,175,000

Buyer: Elsazo LLC

Seller: Todd Sack & Barbara Sharp

Neighborhood: San Jose

Cultivation area: 0.85

Square Feet: 4,513

Bedroom: 4

Baths: 3.5

Year of construction: 1951

Sale Date: October 1st

6. 3407 Pine St., Jacksonville

Price: $ 1,899,000

Buyer: John Douglas Hirabayashi et al

Seller: Eric & Katherine Gabriel

Neighborhood: Avondale

Cultivation area: 0.5

Square Feet: 5,782

Bedroom: 4

Baths: 3.5

Year of construction: 1931

Sale Date: October 12th

7. 3404 St. Johns Avenue, Jacksonville

Price: $ 1,850,000

Buyer: Michael & Lynn Israel

Seller: Nicholas & Jessica Narducci

Neighborhood: Avondale

The story goes on

Cultivation area: 0.34

Square Feet: 5,252

Bedroom: 4

Baths: 3.5

Year of construction: 1929

Sale Date: October 1st

8. 5203 Tallulah Lake Court, Jacksonville

Price: $ 1,800,000

Buyer: Charles & Stacey Hogan

Seller: Joseph & Megan Schobert

Neighborhood: Pablo Creek Reserve

Cultivation area: 1.0

Square Feet: 4,314

Bedroom: 4

Baths: 4.5

Year of construction: 2014

Sale Date: October 19th

9. 2218 Alicia Lane, Atlantic Beach

Price: $ 1,550,000

Buyer: Gary J. Schecodnic

Seller: 2218 Alicia Lane LLC

Neighborhood: Tiffany-by-the-Sea

Cultivation area: 0.25

Square feet: 5,110

Bedroom: 4

Baths: 5

Year of construction: 2000

Sale Date: October 8th

10. 2590 Karatas Court, Jacksonville

Price: $ 1,450,000

Buyer: Timothy & Tracy Walton

Seller: John & Sarah Deperi

Neighborhood: Golden Glades – The Woods

Cultivation area: 0.34

Square Feet: 4,641

Bedroom: 5

Baths: 4

Year of construction: 2019

Sale Date: October 22

Source: Real estate appraiser for the district of Duval

This article originally appeared in the Florida Times-Union: Real Estate in October: The Oceanfront Home in Jax Beach is $ 6.5 million

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