Cetera Investment Advisers Decreases Position in Alexandria Real Estate Equities Inc

Cetera Investment Advisers cut its stake in shares of Alexandria Real Estate Equities Inc by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,979 shares of the real estate investment trust’s stock after selling 494 shares during the quarter.

Cetera Investment Advisers Decreases Position in Alexandria Real Estate Equities Inc syndicated from Real Estate News

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Do real estate agents need to pay attention to cryptocurrency?

It’s no longer a niche topic for a relatively small group of individuals – it’s a reoccurring factor in housing transactions around the world Cryptocurrency is a hot topic in the investing world, and it has introduced people to alternative methods of payment, especially since some online merchants and physical stores accept it.

Do real estate agents need to pay attention to cryptocurrency? syndicated from Real Estate News

Famed San Francisco Restaurateur Selling Italian-Inspired Villa in St. Helena

WILL RAGOZZINO/Patrick McMullan via Getty Images

Famed San Francisco restaurant designer and owner Pat Kuleto has placed his personal masterpiece on the market. Villa Cucina in St. Helena, CA, is now for sale for $8.5 million.

Never before available, the home was built for his newborn son in 1995, notes listing agent Lisa Sheppard. The main 6,000-square-foot main house has five beds and 4.5 baths.

“Kuleto wanted his son to grow up in a rural area,” says Sheppard. Kuleto put restaurant design on the map with his creations that have become city institutions, including the iconic Fog City Diner, the Embarcadero landmark Boulevard, and the undersea fantasy Farallon.

Kuleto bought the land and then built his family compound from the ground up. The construction took over a year because everything from the paved driveways to the utilities had to be installed.

“The location inspired my design as the vista reminded me so much of Italy that I decided to bring the Italian style and design here,” Kuleto says.

Villa Cucina is on the market.

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Living room with fireplace made from fossils

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Dining table with “candle-log-ra” light fixture

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30-foot-long line kitchen

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Pool and outdoor dining

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While the main house was being built, a hunting cabin on the land was expanded into a two-bedroom guesthouse that Kuleto and his family lived in. They dubbed the cabin “Shangri-Lodge.”

“Every part of the house has a story,” the agent notes. The wine country estate was designed and custom-built by Kuleto, with help from Sausalito-based architect David Berman.

The Douglas fir beams throughout the home were a gift from Don Carano, owner of nearby Ferrari-Carano Winery. The beams, which were sourced from Carano’s property, were handmilled by Kuleto and then dried in his kiln. They were aged for a year before being installed.

The home’s travertine flooring comes from a single vein mined from Verano, Italy.  And lest your feet get cold, the flooring also includes radiant heating.

The dining room light fixture is an 18-foot-long white oak log found on the property and illuminated with candles—Kuleto calls it a “candle-log-ra.” The stones in the dining room fireplace are also sourced from the surrounding land. And the European-inspired fireplace in the living room is made of 160 million-year-old fossil stone. The massive master suite includes a sitting area and balcony as well as a 200-year-old fireplace imported from Russia.

The 30-foot-long line kitchen with restaurant-grade appliances has two pantries and a pizza oven. If you prefer your pizza made al fresco, there’s another pizza oven outside along with a barbecue. There are also two wine cellars and a custom bar. The open layout boasts 30-foot-high ceilings and glorious Napa Valley views.

Outside, you’ll find an infinity pool and pool house (which has been used to film commercials for Subaru, Jeep, and Eddie Bauer). The land also supports the farm-to-table concept, with fruit trees, olive trees, three stocked lakes, vineyards, and a garden.

According to Sheppard, Kuleto said his inspiration for the space was to “make people feel comfortable and welcome.”

The next owners will surely feel at home here. Kuleto and his son, now graduating from college, plan to start a new project … together.

The post Famed San Francisco Restaurateur Selling Italian-Inspired Villa in St. Helena appeared first on Real Estate News & Insights | realtor.com®.

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Fired New York Giants Coach Ben McAdoo Looks to Exit New Jersey Mansion

Ben Mcadoo

Thearon W. Henderson/Getty Images

Former New York Giants head coach Ben McAdoo is cutting his losses in New Jersey, selling a four-bedroom, six-bath home he picked up in 2016 for $2.2 million. The list price is $2.97 million.

McAdoo, 40, bought the house five months after being named the team’s head coach. 2016 was a strong season for the Giants, who advanced to the playoffs as a wild card, but fell to the Green Bay Packers amid controversy over players partying. The 2017 season was disastrous, with McAdoo leading the team to a 2-10 record before being fired midseason.

He’s leaving behind a 7,500-square-foot, two-story, Hamptons-esque home on 2 acres in the wealthy enclave of Franklin Lakes, best known in pop culture as the neighborhood of “Real Housewives of New Jersey” stars Caroline Manzo and Jacqueline Laurita.

Exterior
Front exterior

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McAdoo’s home certainly looks ready for its close-up. Built in 2006, it’s located down a long, heavily wooded driveway. Double glass doors open to a simple, traditional foyer. Just off the entrance, there’s a formal dining room and an office with big windows.

The open kitchen has a pentagonal center island, stone countertops, a full backsplash, and a Viking gas range. The kitchen has a double-height ceiling with a second-floor balcony that overlooks the kitchen.

Kitchen
Kitchen

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Viking range
Viking range

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There are two family rooms off the kitchen: The first has a coffered ceiling, fireplace, and built-in bookcase, while the other has a fireplace with a two-story stone facade. Both rooms have French doors that open to the backyard.

Family room
Family room

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The home’s backyard features a pool and spa, wooden deck, fireplace, and kitchen.

Backyard
Backyard with pool and spa

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Elsewhere, the home has a three-car garage; two laundry rooms; an unfinished, walkout basement; whole-house generator; water filtration system; and smart controls, according to the listing.

McAdoo coached college teams through 2004, when he signed on with the New Orleans Saints. After a brief stint on the San Francisco 49ers coaching staff, he joined the Green Bay Packers as an assistant, helping the team win the Super Bowl in 2010.

The post Fired New York Giants Coach Ben McAdoo Looks to Exit New Jersey Mansion appeared first on Real Estate News & Insights | realtor.com®.

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How Many Square Feet Will $200K Buy Across the Country?

How Many Square Feet Will $200,000 Buy Across the Country?

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Home buyers have all kinds of dream features on their wish lists: an open kitchen with state-of-the-art appliances, a patio to relax on in the warm-weather months, and enough space to raise a growing family. But not all housing markets are created equal when it comes to just how much buyers will be shelling out for those coveted extra rooms.

So which cities offer the most—and least—square footage for $200,000? Buyers seeking sizable homes on a budget want to stay far away from the ultraexpensive coasts, according to a recent PropertyShark report. But the South and Midwest are good bets for those hoping to save a few bucks.

The home listing website looked at its own data to determine the median home’s square footage in each of the 33 large cities (with Brooklyn and Manhattan, both parts of New York City, counted separately) included in the report. PropertyShark also used U.S. Census Bureau data to figure out the median home price. The company then divided the sale price by the home size to come up with the price per square foot.

(The median home list price nationwide is $289,900, according to the most recent realtor.com® data. Meanwhile, the median home square footage was 2,422 for U.S. homes completed in 2016, according to Census data. That’s about $120 per square foot.)

It turns out that $200,000 will net buyers a measly 126 square feet in New York City’s prized borough of Manhattan, home to many of the big skyscrapers that the city is known for. (To put this into perspective, the average standard U.S. hotel room size is 325 square feet.)

“We always say location, location, location, and people will pay for that,” says Manhattan-based real estate broker Karen Gastiaburo, of Halstead Real Estate. “There’s no city like New York City. There’s a vibrancy, there’s a uniqueness.”

New York City isn’t the only city where $200,000 will get you a home smaller than Kim Kardashian West‘s closet. The same sum can purchase only 260 square feet in San Francisco; 371 in Boston; 376 in San Jose, CA, the heart of Silicon Valley; 423 in Washington, DC; and 451 in New York City’s borough of Brooklyn.

Meanwhile, buyers can score a palatial 3,769 square feet in Cleveland for that $200,000. That’s about 30 times the amount of space they can get in Manhattan. Is it time to install an indoor skating rink?

Buyers can also live large in El Paso, TX, where $200,000 buys 3,334 square feet; in San Antonio, TX, at 3,249; and in Memphis, TN, at 2,965.

“It would be hard to spend $200,000 in certain neighborhoods, and it wouldn’t be enough in others,” says Cleveland-based real estate agent David Sharkey, of Progressive Urban Real Estate. About “$200,000 could get an older home that’s been rehabbed pretty nicely, with three to four bedrooms and two bathrooms in a nice neighborhood.”

However, in Cleveland’s hipper, pricier neighborhoods, that amount will get buyers much smaller, move-in ready abodes.

“If it was a larger home [in those areas], it would need quite a bit of rehab,” Sharkey says.

The post How Many Square Feet Will $200K Buy Across the Country? appeared first on Real Estate News & Insights | realtor.com®.

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The states where buyers can get the most bang for their buck

With home prices steadily rising, buyers are spending more for less space, and in some cases, they’re dropping nearly $1 million for fire-damaged or dilapidated homes in desirable locales. But, not all hope is lost, according to GoBankingRates latest home price analysis.

In affordable Southern markets, such as Alabama, buyers can get an average of 3,103 square feet for $300,000 — three times the space you’ll get in California (1,004 square feet) for the same amount of dough.

See where your state ranks below:

Methodology

Methodology: GOBankingRates determined the median home listing price per square foot in every state and the District of Columbia, sourced from Zillow’s home price index, using the most available data as of Feb. 28, 2018. To determine how much home $300,000 buys, GOBankingRates divided $300,000 by each state’s price per square foot. Zillow did not have state-level data available for North Dakota, so GBR found the median list price per square foot from a sample of six of its largest cities — Williston, Dickinson, Fargo, Bismarck, West Fargo and Watford City.

Email Marian McPherson

The states where buyers can get the most bang for their buck syndicated from Inman