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Real estate transfers Aug. 28-Sept. 3 – Massillon Independent

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Bethlehem Township

Freed Zachary Benjamin & Dianna Marie from Datkuliak Daniel L & Donald E & James W, 4696 Fohl St SW, $125,000. 

Freed Zachary Benjamin & Dianna Marie from Datkuliak Daniel L & Donald E & James W, 4720 Fohl St SW, $125,000. 

Fritz Travis W from Ames Jack W & Bonita L, 7853 Hudson Dr SW, $285,000. 

PSPR Properties LLC from Lee’s hunt’in Shackinc, 702 Main St N, $50,000. 

Skibicki Rolland & Pamela from Vancamp Judith C, 216 4th St NE, $125,000. 

Canal Fulton

Alspach John Jr & Carol from Schalmo Properties Inc, 930 Cabot Dr, $41,900. 

Hercheck Steven J from Klein Peter N, 555 Market St W, $92,500. 

Holderbaum Beth S from Fulton Landings Development LLC, 318 Alexis LN, $356,553. 

Mamj Properties LLC from Schalmo Properties Inc, parcel 10009478 Portage St NW, $150,000. 

Yeary Lisa M from Huntley Kristen E, 2044 Ellsworth Dr, $246,000. 

Jackson Township

Aces Real Estate Inc from Goodyear Bank, 4140 Portage St NW, $500,000. 

Aowad Ryan & Ashley from Staley James & Sherrie K, 8375 Audubon St NW, $320,000. 

Bajormas Joseph J & Mary Beth from Ridgeview Development Co Inc, parcel 1630311 Chermont St NW, $79,000. 

Biasella Matthew E & Ashley L from Tank Bradley D & Alexandra v, 7247 Bentham Cir NW, $345,500. 

Blackstock Stefan C & Denise M from Mckimm Lisa, 3316 Broadhaven Ave NW, $190,000. 

Bradshaw Timothy J & Karen C from Bagwell Eric M & Jill E, 8341 Blue Heron Cir NW, $530,000. 

Curtis Susan K from Aman James P & Denise J, 5949 Freitag St NW, $200,000. 

Curtis Susan K from Aman James P & Denise J, parcel 1602779 Libbie St NW, $200,000. 

Dale Sally M Trustee & from Braucher Daniel J Trustee, 7626 Wales Ave NW, $925,200. 

Dale Sally M Trustee from Dale Sally M Trustee &, 7626 Wales Ave NW, $925,200. 

Emley William W Sr & Christine A from Samsa Charles A, 2222 Duncannon Ave NW, $270,000. 

Gillespie Nicholas R from Chine Jeffrey L & Gillespie Pamela A, 7993 Oakdale St NW, $112,500. 

He Ying from Masidonski Lauren M, 3614 Barrington PL NW, $158,000. 

Hines Matthew Spencer from Divvy Homes Warehouse I LLC, 1266 Concord St NW, $100,000. 

Holmes Sonya A & James P from Waltman Carol E, 8273 Edmund Court Cir NW, $380,000. 

Impagliozza Donald J & Jane A from France Jerry G & Mareno Richard M II, 2245 Devonshire Dr NW, $299,900. 

Khan Saadat A & Karamat Anum from Rubin Barbara L & Dickson Pamela S Ttees, 4106 Lochness Cir NW, $525,000. 

Kibler Christopher & Carly from Vanderlind Gary S & Lisa A Trustees of T, 8663 Regency Dr NW, $675,000. 

King Lindsay A from Huston John E III, 8893 Traphagen St NW, $128,000. 

Lawrence Mark from Scassa Antonio R, 3508 Cardiff Ave NW, $220,000. 

Lemin Ian K & Sara L Ttees from Jane Zito Designs LLC, 7032 Emerson Cir NW, $830,022. 

Lindesmith Zachary Jeff & Jeff from Weaver Christ, 6674 Hills and Dales Rd NW, $110,000. 

Mellion Mark L & Amber L from Jain Kantilal N & Bhagwanti K, 3357 Hadrian Cir NW, $360,000. 

Miller Michael D from Minor Christopher S, 5947 Westlake BLVD NW, $165,000. 

Miller Michael D from Minor Christopher S, parcel 1604187 Sterling St NW, $165,000. 

Monaco Nathan A & Aimee B from Jane Zito Designs LLC, 7235 Greenview Ave NW, $872,873. 

Oakes Javin from Oakes Edward T., 7816 Daytona St NW, $185,000. 

Pachan Ben & Kate from Linton David K & Deborah L Trustees of T, 3328 Waterford Ave NW, $333,220. 

Parks Kyle & Mary from Petit Mark A & Lori J, 7680 Killeen St NW, $712,000. 

Romans David E & Dorinda M from Boch Robert C & Helen M, 8093 Winterwood Ave NW, $149,000. 

Roush Chad & Heather from Moore Johnathon & Jessica, 6685 Hillfield St NW, $195,900. 

Russell Daniel Thomas & Heather Armsey from Tonsky Thomas A & Beth A, 6735 Thicket St NW, $357,250. 

Sherer Steven D II & Linda Ann from Rodriguez Castillo Vanessa A & Rodas Man, 7403 Hawksfield Ave NW, $375,000. 

Smith David W & M Lynn Co-Trustees from Salter Bryce J, 6968 Knight St NW, $212,000. 

Tanda Construction LLC from Kelly Joseph, 5093 West BLVD NW, $140,000. 

Vail Capital Group LLC from Carlone Brian M & Lynn A, 6990 Hills and Dales Rd NW, $230,000. 

Vretas James & Kathryn from Cross Timberlands LLC, parcel 10012362 Nottinghill Cir NW, $370,000. 

Lawrence Township

Boak Marlesa Marie & Keith R from Madzia Cindy Sue & Bing Karen Elaine, 15021 Penford St NW, $150,000. 

Luther Michael & Aurora E from Lincoln Joseph W, 136 Thomas BLVD NW, $46,000. 

Mitchell Courtney & Seth from Ammond Timothy J & Jennifer A, 4795 Alabama Ave NW, $425,000. 

Tharp Eric Shane & Jenni Lynn from Tissot Chelsie, 15391 Orrville Rd NW, $210,000. 

Massillon

Aaron Corban J from Moyer Geraldine B, 869 Amherst Rd NE, $60,000. 

Arnold N Brewer Associates LLC from Praxis Properties LLC, 2212 Courtland Ave NW, $66,000. 

Bourquin Nichole from Harwig Marc A, 142 Penn Ave SE, $32,500. 

Brinkley Property Group LLC from Hercules Holding Collc, 2770 Erie St S, $935,000. 

Dicicoo Joseph & Kelsey from Braneky Stephen L &Frieda J, 2536 Valleywood Ave NE, $273,750. 

Glick Josiah W from Spencer Kathleen D, 1334 3rd St SE, $30,003. 

JJ Canton Rentals LLC from Schnabel Investments LLC, 517 8th St SW, $440,000. 

Jones Lemuel T & Connie S from Jre Homes LLC, 1801 Forest Ave SE, $79,900. 

Layth & Ayah Properties LLC from Meinhart Patricia A, 2005 Clearview Dr NE, $140,000. 

Loudiana Michael J from Gorcoff Dennis M & Susan J, 1488 Pebble Chase Cir NE, $189,000. 

Mccoy Todd A from Diacontonas Zachary M, 146 25th St NW, $129,000. 

Miller David P & Dream G from Mccleary Ladonna & Boyd Beth, 325 12th St SW, $109,900. 

Mullet Merle & Lena from Guilliams Ashley L, 805 32nd St NW, $118,000. 

Reality Renovations LLC from Green Mountain Holdings Cayman Ltd, 1161 Bradford Rd NE, $210,000. 

Rey Timothy C from Mishler Kelly J, 475 27th St NW, $141,500. 

Ruth Jeremy G from Lec Investments LLC, 1117 Tremont Ave SE, $45,000. 

Salopek Anthony from Highben Edward A Jr & Carolynnanne M, 667 Young Ave SE, $23,500. 

Salopek Anthony from Highben Edward A Jr & Carolynnanne M, parcel 608343 Young St SE, $23,500. 

Schilling Birchard L from Hoffner Christopher T, 1420 Forest Ave SE, $84,900. 

Perry Township

Baker Anthony S from Riley Homes LLC & Exteriors Plus LLC, 3163 List St NW, $200,000. 

Baltzly Andreas from Douglass Jason P & Macy D, 1021 Market St NE, $159,900. 

Burke Michael W & Marcoguiseppe from NVR Inc D/B/A Ryan Homes, 6985 Gauntlet St SW, $240,175. 

Davis Rebecca J & Robert M from Daugherty Karen S, 5514 Perry Hills Dr SW, $200,000. 

Dennis James A from Dennis James A & Robert L, 3232 Rayanna St NW, $40,000. 

Duffy Taylor Brooke & from Strock Kelly, 4908 14th St SW, $130,000. 

Foradas Alyssa & Mcmullin Corey from Rescomm Property Investments LLC, 3985 Greenford Ave SW, $180,000. 

Garrett Raquel L from Warth Michael J, 321 Elmford Ave SW, $103,675. 

Gess Emanuel from Belliveau Matthew & Kristina, 1500 Jackson Ave NW, $210,000. 

J & K Rental Management LLC from Bowlus Realty Ltd, 1733 Perry Dr SW, $265,000. 

JJ Canton Rentals LLC from Schnabel Robert R Jr Trustee / Robert R, 5401 Richville Dr SW, $184,000. 

Kaminski Cassidy M from Murray Tina M, 515 Highland Ave SW, $144,900. 

Kubiak Michael C IV from Sampsel Lindsey D, 4909 Lynncrest St SW, $130,000. 

Laney Joshua C & Mast Sydney R from Laney Charles J Ttee, 2524 Nottingham St NW, $201,000. 

Loudon Nathan A & Erica from NVR Inc D/B/A Ryan Homes, 6128 Lavenham Rd SW, $270,125. 

Lynch 3125 LLC from Braun Stuart R, 3125 Lynch St SW, $80,000. 

Nations Lending Corporation from Long Joseph S, 4742 17th St NW, $80,000. 

Nations Lending Corporation from Long Joseph S, parcel 4301227 Woodlawn Ave NW, $80,000. 

NVR Inc A Virginia Corporation DBA from Dehoff Agency Inc, 6109 Lavenham Rd SW, $60,000. 

NVR Inc D/B/A Ryan Homes from R L Deville Holdings Ltd, 6913 Gauntlet St SW, $47,895. 

Piatko Jeffery A from Rohleder Ryan A & Alicia, 5387 Aquarius St SW, $205,000. 

PNC Bank National Association from RCK Properties LLC, 5240 Emil Ave SW Unit 102, $26,000. 

Slutz Jacob from Schnabel Luke C & Kaley, 5525 Richville Dr SW, $225,000. 

Smith Cole Jason from Hirschman Julie S, 1215 Delverne Ave SW, $139,900. 

Swisher Jerry L & Susan L from File Lila, 319 Zern Ave SW, $72,000. 

Walker Lisa Marie from Flagg Michael R & Annmarie L, 3751 Mollane St NW, $185,000. 

Sugarcreek Township

Garvin Jewell L from Garvin Wesley J & Jewell L, 5877 Smith Rd SW, $195,000. 

Hershberger Aden S & Clara N from Grady Jack C & Shell Deborah H, 14909 Wynncrest St SW, $310,000. 

Mast Benjamin M from Miller Milo J, parcel 6700326 Navarre Rd SW, $677,000. 

Miller Kobe A & Brittany A from Hershberger Nancy L, 805 West CT, $178,500. 

Zeigler Tamara L from Brewster Estates LLC, 460 First St SW Lot #64, $6,000. 

Tuscarawas Township

Neitz Nicholas from Romar Chris P & George P, 923 Highlander St NW, $72,500. 

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Windsor-Essex real estate market slows down — so sellers pulling out all the stops – CBC.ca

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Windsor’s sizzling real estate market is seeing a slight slowdown — and it means sellers have to up their game to draw people in. 

Prices are still high in Windsor-Essex but realtors say more listings over the last several months are leading to fewer offers on individual homes, putting buyers in a better position with more options and less competition.

“When buyers have more choice, sellers have to do a little bit more to stand out from the crowd,” explained Danial Malik, a broker at ReMax Preferred.

“They have to do more in terms of professional photography, videography, staging. They want to make sure there’s as many eyes as possible on their property, so it gets sold for top dollar.”

The average price of a Windsor-Essex home in September was $552,186, according to data from the Windsor-Essex County Association of Realtors. That’s 27.4 per cent more than September of last year. 

Listings have also doubled from what we saw at the beginning of the year (1,035 listings in September compared to 475 in January).

One home stager says business has doubled

“Things have picked up quite a bit,” said Julie Kapitan, owner of Lemon Tree Living, a home staging company in Windsor-Essex.

Julie Kapitan, owner of Lemon Tree Living, says demand for her home staging services has doubled since June. (Katerina Georgieva/CBC)

At the start of the year, there was a “buying frenzy,” and homes were selling quickly with or without staging, she said.

“But something shifted I think in May and June and the calls started to come in,” Kapitan said. 

Her business has doubled since then. 

She said it helps people imagine living in the space.

‘Property has to stand out’

Aditya Soma with the WinCity Real Estate Team says staging is “crucial” for any sale.

Realtor Aditya Soma says home staging is crucial. (Katerina Georgieva/CBC)

“There is more inventory,” he said.

“That means your realtor and your stager, you know, have to do a fantastic job by pricing it right, by presenting it well to attract as many buyers as possible.”

Soma added that some sellers list their homes and try to sell without a stager, and later realize they need to “revamp” their approach in order to get the offer they’re hoping for. 

Malik explained that he’s also seeing more cancellations of listings in recent months. That’s because, given the trend of the last year or so, expectations are very high for sellers. 

“They’re trying different realtors or they’re trying different strategies to get that dollar amount, whereas the property … may not be worth what they’re asking for,” Malik said.

WATCH | Broker Danial Malik on what the current market means for buyers:

Broker Danial Malik on today’s market

3 days ago

Broker Danial Malik explains what the current real estate market climate means for buyers. 0:59

Hence, there’s a stronger lean toward marketing tools like home staging — though it can be a pricey option, depending on what you need. 

Kapitan explained that staging could start at $1,000 if accessories are the only items required by the seller. However, if furniture is required, home staging could cost $5,000 or more depending on the size of the home. 

She also works with house flippers in the community to help them get the best possible price.

Flippers turn to stagers

Jami Jacklyn, a partner at M & J Doors Ltd., a St. Thomas company that flips houses, recently acquired a Windsor home that cost them close to $200,000, they invested between $30,000-$50,000 into renovations. After listing the home for $199,000 and using Kapitan’s home staging service, it recently sold for more than $100,000 over asking. 

“Previous, in my real estate career, I didn’t think it was important, to be honest. I’ve sold houses before,” Jacklyn said. 

“Now that we’re doing this in more volume, I have a massive respect for stagers and it has helped my business tremendously.”

Jami Jacklyn flips houses with her company, M & J Doors. The home behind her, a recent project, sold for more than $100,000 over asking. (Katerina Georgieva/CBC)

Jacklyn explained that her company tries to choose “eyesores” in the community to flip in order to improve the neighbourhood, while still being able to sell the renovated property to first-time home buyers, even though the work on the home drives that price up. 

But with or without a stager, Kapitan suggests depersonalizing your home by removing family photos, de-clutter, avoid patterns, use white linens and white towels, and clean so that your home is spotless.

Meanwhile, even though the lull in the market puts buyers in a better position, it’s still a seller’s market. 

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Hamilton mixed-use dev. gets height-limit exemption – Real Estate News EXchange

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IMAGE: A rendering of the proposed high-rise multiresidential development at 75 James St. S. in downtown Hamilton. (Courtesy Fengate Asset Management)

A rendering of the proposed high-rise multiresidential development at 75 James St. S. in downtown Hamilton. (Courtesy Fengate Asset Management)

Ground has broken on the latest project in downtown Hamilton, a mixed-use development at 75 James St. S. which will tower more than 30 storeys and include over 500 residential units.

The Labourers’ International Union of North America’s LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) holds 100 per cent interest in the development. Fengate Asset Management is the investment manager, developer and asset manager, while The Hi-Rise Group is the development manager and SG Constructors is the builder.

The Downtown Hamilton Secondary Plan states buildings shall not exceed the height of the Niagara Escarpment, which works out to about 30 storeys, but the partners applied for and received permission from the city to exceed the height restriction with the James Street building.

“Working collaboratively with city staff and local stakeholders, the building height was determined with consideration for relevant planning policies, precedent projects and addressing local housing needs,” Fengate managing director and group head of real estate Jaime McKenna said in an email exchange with RENX.

An application filed with the city called for a tower of up to 34 storeys.

Plans for the James St. S. property

The James Street site was formerly a bank and was acquired for an undisclosed price in 2018. It was assembled in 2020 with another site at 44 Hughson St. S. – which is the current home of the LiUNA Local 837 and LiUNA Central and Eastern Canada regional offices.

It’s still to be determined if the residential component of the development will be a purpose-built rental apartment or condominium. It will include office and commercial space and a heritage component.

“Due diligence is underway to determine the best model to meet residential needs in downtown Hamilton,” McKenna wrote.

The development will help address significantly increased residential needs in Hamilton from people of all ages and occupations, including students, millennials priced out of the Toronto market and retirees.

The residential units will range in size from studios to three bedrooms. Building amenities will include fitness facilities, party rooms, relaxation lounges, private rooftop green space and underground parking.

LiUNA and the development

“LiUNA is incredibly proud to be addressing the increasingly critical residential needs in Hamilton,” Joseph Mancinelli, LPFCEC chair, LiUNA International vice-president and regional manager for Central and Eastern Canada, said in an email interview with RENX.

“I myself, a Hamiltonian, have a personal passion for the future of our city, addressing current infrastructure needs that will continue to foster economic development, job opportunities and growth.”

Mancinelli said the location is transit-oriented and pedestrian-friendly, offering easy access to necessities, work, school and entertainment.

“Our LiUNA HQ of the Central and Eastern Region as well as the LiUNA Local 837 office at 44 Hughson will be seamlessly integrated into the development and expanded with new office space, keeping the artistic and historic façade of the front of the building, honouring the foundation and history of those before us,” said Mancinelli.

“Further, a number of live/work units will be provided, catering to local small business needs.”

A 2025 completion is being targeted for the development.

The development partners

LiUNA has half-a-million members across North America, including more than 140,000 in Canada, who predominantly work in construction.

The LPFCEC was established in 1972 and is one of the fastest growing multi-employer pension funds across Canada. Its diverse investment portfolio has more than $10 billion in assets.

Fengate Asset Management is an alternative investment manager focused on infrastructure, private equity and real estate strategies. It has a total asset value of more than $20 billion and offices in Toronto, Oakville and Houston.

Fengate Real Estate is involved with more than 75 properties and investments. The completed value of its portfolio is more than $9 billion and it has more than $4 billion in value under development.

The Hi-Rise Group is a fully integrated development and construction company that was founded in 1979. It initially functioned as a merchant builder that sold most of the projects it developed and built, but it now holds a number of properties across Ontario.

SG Constructors was founded by Matt Stainton and its management team has accumulated more than a century of experience working on construction projects.

The two-tower King William Residence in Hamilton and the revitalization of Yonge Eglinton Centre, Yonge Sheppard Centre, 66 Wellington St. W., 111 Richmond Street West and 180 Wellington in Toronto are among its projects.

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Evergrande’s Proposed Shift From Real Estate To Electric Vehicles Fails To Convince – Forbes

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Hui Ka Yan has finally revealed his plan to save China Evergrande. He wants the embattled property developer to shift its focus from real estate to manufacturing electric vehicles, but skepticism abounds.

Despite having never sold a vehicle, Hui’s aim is to turn away from Evergrande’s main business and become an EV maker within the next decade, the state-run Securities Times reported late Friday evening, citing an internal meeting held on October 22.

The proposal sent shares of his Hong Kong-listed EV unit, China Evergrande New Energy Vehicle Group, soaring as much as 17% on Monday before closing the day with a gain of 11.4%. But the company still trades at just a fraction of its peak market value of $86.7 billion that it reached in mid-April after tumbling 94% since then.

Analysts, however, have expressed their skepticism. It remains unclear whether Evergrande, now close to collapsing under $305 billion in total liabilities, has the expertise or capital to compete in China’s increasingly crowded EV field.

“Evergrande used to have a strategy of buy, buy and buy,” says John Zeng, a Shanghai-based director of China forecasting at consultancy LMC Automotive, referring to the property developer’s previous EV-related acquisitions. “Its approach was very simple and unpolished, and no one really knows how much technology it has mastered. ”

Hui currently has a net worth of $11.6 billion that is largely based on dividend payouts received over the years. He was a former steel factory worker when he first established Evergrande in 1997. Although he had no prior experience in producing EVs when he first announced his ambition to do so in 2019, he has since funneled more than $1 billion into a series of acquisitions that saw him gain control of National Electric Vehicle Sweden AB (NEVS) and buy a majority stake in battery maker Shanghai CENAT New Energy. The company said its first EV model Hengchi would be delivered from its Tianjin factory early next year, according to an October 11 post published on Evergrande’s website.

But its EV unit warned less than a month ago that it was encountering a “serious shortage of funds,” according to a September 24 stock exchange filing. The company said it had “suspended paying some of its operating expenses and some suppliers have suspended supplying for projects.”

Evergrande itself warned last week that there was “no guarantee” it will be able to meet its financial obligations. The company did not respond to emailed requests for comment.

Even if Hui eventually manages to begin producing EVs, how he would sell them is another question with no clear answer, says Yale Zhang, managing director of Shanghai-based consultancy Automotive Foresight.

“Building a sales channel from scratch is very capital intensive, and Evergrande doesn’t appear to have channels of its own,” says Zhang. “Plus, its current model is a concept car that is still quite some distance away from mass manufacturing and selling.”

Justin Tang, head of Asian Research at New York-based investment and advisory group United First Partners, says the billionaire may simply be trying to boost investor confidence. Hui also pledged during the same meeting to deliver Evergrande’s unfinished properties to homebuyers, saying the company “in principle” won’t buy land over the next ten years, and would reduce the scale of its property development business “by a large margin,” according to the Securities Times report.

The company said separately via its WeChat public account that its 40 real estate projects in places including Guangzhou and Foshan are progressing “smoothly and orderly.” Last week, Evergrande narrowly avoided default by paying a $83.5 million bond coupon just before a 30-day grace period was about to expire.

But Evergrande faces more interest payments down the road, and $3.5 billion of its offshore bonds are expected to mature in March. The cash-strapped company has been struggling to raise funds through asset sales and other means, and market doubts over whether it can meet its debt obligations continue to persist.

“Where is the money coming from?” asks Tang, adding that Evergrande “doesn’t have time as a friend,” and its proposal of saving itself by making cars has “lots of questions but no real answers.”

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