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Texas condominium and townhome sales decline, median price increases from 2019 to 2020
Sep 29, 2020 2:44 PM ET

Texas condominium and townhome sales decline, median price increases from 2019 to 2020

iCrowdNewswire - Sep 29, 2020 - Texas condominium and townhome sales from July 2019 to June 2020 declined compared to the same period the previous year, according to the Texas Condominium Sales Report released today by Texas Realtors. The number of condominiums sold decreased 9.8% to 11,875 sales, while townhome sales declined 0.2% to 8,616 sales. The report analyzes condominium and townhome data for the entire state as well as Austin-Round Rock, Dallas-Fort Worth-Arlington, El Paso, Houston-The Woodlands-Sugar Land, McAllen-Edinburg-Mission and San Antonio-New Braunfels metropolitan statistical areas. 2020 Texas Condominium. [more...]

Home Prices Keep Climbing As National Median Now Up 14% from Last Year
Sep 29, 2020 2:12 PM ET

Home Prices Keep Climbing As National Median Now Up 14% from Last Year

iCrowdNewswire - Sep 29, 2020 - The median home sale price increased 14% from 2019 to $319,978—the highest on record—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 14% year-over-year increase was the largest since August 2013. Below are other key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 20. Since the four-week period ending July 5, home prices have increased 6.6%. Over that same period in 2018 and 2019, prices. [more...]

Highland Capital Management Fund Advisors Announces Updates to Highland Income Fund Portfolio Management Team
Sep 29, 2020 1:39 PM ET

Highland Capital Management Fund Advisors Announces Updates to Highland Income Fund Portfolio Management Team

iCrowdNewswire - Sep 29, 2020 - Highland Capital Management Fund Advisors, L.P. ("HCMFA") today announced recent updates to the portfolio management team for the Highland Income Fund , effective September 22, 2020. Joseph Sowin joins the portfolio management team for the Fund. With this appointment, Mr. Sowin will oversee the Fund's investment activities alongside current portfolio manager James Dondero. Jon Poglitsch will no longer serve as portfolio manager following his resignation from the firm to pursue other opportunities. Prior to his. [more...]

Philadelphia Equity Transaction Closes to fund 6 High End Apartments in University City
Sep 29, 2020 1:17 PM ET

Philadelphia Equity Transaction Closes to fund 6 High End Apartments in University City

iCrowdNewswire - Sep 29, 2020 - Raising equity for commercial real estate projects is still very possible in this economic climate says Jared Cobert of Diligence Capital Advisors, the well established capital solutions firm based in Philadelphia, PA. Mr. Cobert sourced and closed on an equity transaction this past Friday September 25th for a 6 unit lavish apartment project in the coveted University City District of Philadelphia, PA. Philadelphia's "University City" is located at the easternmost portion of West Philadelphia directly across the Schuylkill River from Center. [more...]

W. P. Carey Announces $44 Million Industrial Property Investment
Sep 29, 2020 12:43 PM ET

W. P. Carey Announces $44 Million Industrial Property Investment

iCrowdNewswire - Sep 29, 2020 -  W. P. Carey Inc., a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced a $44 million sale-leaseback of two state-of-the-art food manufacturing facilities located in the Midwest totaling in excess of 350,000 square feet. The facilities are master leased on a triple-net basis for a period of 25 years to a leading food manufacturer. Key Facts: Industry-leading food manufacturer: Operating for over. [more...]

Regional Health Properties Names Ben Waites as Chief Financial Officer
Sep 29, 2020 12:12 PM ET

Regional Health Properties Names Ben Waites as Chief Financial Officer

iCrowdNewswire - Sep 29, 2020 - Regional Health Properties, Inc., a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, announced today that accomplished finance executive Ben Waites has joined the company, effective September 8, 2020, as its new Chief Financial Officer and Vice President. In this role, Waites will help lead the company's efforts to drive value through strategic focus, team development, and operational and financial excellence. Most. [more...]

Brean Capital, LLC Establishes Commercial Real Estate Special Servicing Business, Brean Real Estate Solutions, LLC
Sep 29, 2020 11:40 AM ET

Brean Capital, LLC Establishes Commercial Real Estate Special Servicing Business, Brean Real Estate Solutions, LLC

iCrowdNewswire - Sep 29, 2020 - Brean Capital, LLC ("Brean") announced the formation of Brean Real Estate Solutions ("BRES"), a commercial real estate special servicing platform to serve the CMBS, real estate structured products, non-performing loan (NPL) and real estate owned (REO) marketplace.  Industry veterans, Julie Madnick, Henry Bieber and Linda Sanchez have all joined the firm as Managing Directors reporting to Christopher Tognola, Head of Brean Real Estate Debt Strategies. COVID-19 and the subsequent financial crisis has created unprecedented problems across the. [more...]

New-Construction Home Listings Drop 4% in August, Reversing Course from July
Sep 29, 2020 11:17 AM ET

New-Construction Home Listings Drop 4% in August, Reversing Course from July’s Rebound

iCrowdNewswire - Sep 29, 2020 - New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a 3.8% gain in July, according to a new report from Redfin (www.redfin.com). Meanwhile, new listings of existing homes grew 5.2%. "There's plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand," said Redfin chief economist Daryl Fairweather.. [more...]

Urban District Realty Launches New Real Estate Listing System, PROJETO
Sep 29, 2020 10:40 AM ET

Urban District Realty Launches New Real Estate Listing System, PROJETO

iCrowdNewswire - Sep 29, 2020 - DC based real estate brokerage firm Urban District Realty, LLC announced the launch of their custom real estate listing system. Named PROJETO, the system uses cutting edge virtual reality technology to put clients in a virtual representation of a property - with their real estate agent right beside them.   PROJETO, new real estate listing tool from Urban District Realty, LLC PROJETO, a real estate tool used to show the future.. [more...]

GID Development Group Unveils Most Comprehensive Private Amenities Club In New York City
Sep 29, 2020 10:18 AM ET

GID Development Group Unveils Most Comprehensive Private Amenities Club In New York City

iCrowdNewswire - Sep 29, 2020 - Leading national developer GID Development Group is celebrating the opening of the Waterline Club, the highly-anticipated amenity center inside Waterline Square, the three-building luxury residential development located along the Hudson River on Manhattan's Upper West Side. Designed by award-winning architecture and design firm Rockwell Group, the 100,000-square-foot Waterline Club is one of the largest and most comprehensive amenity collections ever created in New York City. Designed to meet residents' every desire and inspire new. [more...]

RED Mortgage Capital Provides $39 Million FHA Loan for Luxury Mixed-Income Multifamily Housing in Salt Lake City
Sep 28, 2020 2:49 PM ET

RED Mortgage Capital Provides $39 Million FHA Loan for Luxury Mixed-Income Multifamily Housing in Salt Lake City

iCrowdNewswire - Sep 28, 2020 -  RED Mortgage Capital, a division of ORIX Real Estate Capital (OREC), has provided a $39.3 million Federal Housing Administration (FHA) refinance for Liberty BLVD, a 266-unit multifamily family apartment community in Salt Lake City, Utah. Liberty BLVD is a luxury mixed-income mid-rise apartment property with a walkable location in the east side of downtown Salt Lake City. Liberty BLVD features 3,900 square feet of commercial space with a fast casual restaurant and resident-specific amenities,. [more...]

American Land Title Association to Host Virtual ALTA ONE
Sep 28, 2020 2:17 PM ET

American Land Title Association to Host Virtual ALTA ONE

iCrowdNewswire - Sep 28, 2020 - The American Land Title Association, a national trade association representing more than 6,400 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys, will hold ALTA ONE virtually for the first time in the event's history. ALTA ONE will help guests discover ways to advance their businesses, sharpen their skills, and empower their teams.  The three-day event (October 6-8) will feature insightful presentations from industry. [more...]

The Patents and Related Intellectual Property Assets of Mavatar are For Sale
Sep 28, 2020 1:46 PM ET

The Patents and Related Intellectual Property Assets of Mavatar are For Sale

iCrowdNewswire - Sep 28, 2020 - Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is selling the intellectual property assets of Mavatar (the "Company") on behalf of Lynn Schoenmann, as chapter 7 trustee (the "Trustee"), including the patents, trademarks, domain names and source code for the Mavatar platform software. Offers are due October 13, 2020, and an auction will be held on October 15, 2020. The sale is subject to. [more...]

W. Silver Recycling Invests In Downtown, Relocates El Paso Office To WestStar Tower
Sep 28, 2020 1:14 PM ET

W. Silver Recycling Invests In Downtown, Relocates El Paso Office To WestStar Tower

iCrowdNewswire - Sep 28, 2020 -  Hunt Companies, Inc. and WestStar are pleased to announce that W. Silver Recycling, one of North America's largest industrial recyclers, will locate at WestStar Tower. W. Silver has purchased the 15th floor of the new 20-story, Class-AA office building in downtown El Paso, TX.  (PRNewsfoto/Hunt Companies) "W. Silver is looking forward to relocating our headquarters to WestStar Tower in downtown El Paso," said Lane Gaddy, Chief Executive Officer of W. Silver Recycling. "This move to what will be a signature commercial. [more...]

EGYM and Kolter Homes Partner to Bring Innovative Smart Fitness Technology to Cresswind 55+ Communities
Sep 28, 2020 12:43 PM ET

EGYM and Kolter Homes Partner to Bring Innovative Smart Fitness Technology to Cresswind 55+ Communities

iCrowdNewswire - Sep 28, 2020 - - EGYM, a global fitness technology leader, and Kolter Homes, a leader in developing next-generation, highly-amenitized, master-planned active adult communities, today announced a strategic partnership to integrate EGYM's intelligent hardware and software solutions throughout Kolter's upcoming Cresswind 55+ communities. Built to make fitness more accessible for all, EGYM's Smart Strength training equipment and digital platform will allow Cresswind residents to take control of their fitness and, ultimately, improve their overall well being.. [more...]

Nearly 29% of Redfin.com Users Searched For Homes Outside Their Area in July and August
Sep 28, 2020 12:12 PM ET

Nearly 29% of Redfin.com Users Searched For Homes Outside Their Area in July and August

iCrowdNewswire - Sep 28, 2020 - Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, according to the latest migration report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That is up from 27.4% in the second quarter and the highest share since Redfin started tracking migration in 2017. The analysis is based on a sample of more than two million Redfin.com users who searched for homes across 87 metro areas so far. [more...]

Four Seasons Hotels and Resorts Appoints Veteran Media, Entertainment and Real Estate Investment Executive Tomago Collins to Board of Directors
Sep 28, 2020 11:18 AM ET

Four Seasons Hotels and Resorts Appoints Veteran Media, Entertainment and Real Estate Investment Executive Tomago Collins to Board of Directors

iCrowdNewswire - Sep 28, 2020 -  Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, today announced the addition of Tomago Collins to its Board of Directors, representing long-term shareholder Cascade Investment. Mr. Collins, Executive Vice President of Communications and Business Development at Kroenke Sports & Entertainment, brings to Four Seasons Board of Directors more than 25 years experience in the sports, entertainment, media and real estate investment industries. In his current role as. [more...]

Cambria Launches Multi-Factor, Global Real Estate ETF (BLDG)
Sep 28, 2020 10:37 AM ET

Cambria Launches Multi-Factor, Global Real Estate ETF (BLDG)

iCrowdNewswire - Sep 28, 2020 - Cambria Investment Management, LP, an independent, investment advisory firm focused on quantitative asset management and alternative investments, today launched the Cambria Global Real Estate ETF (BLDG), listed on Cboe. The fund is actively managed with an expense ratio of 0.59%. BLDG joins 11 other Cambria ETFs managed using quantitative, rules-based strategies that span asset classes and include value, core, and tactical strategies. "Cambria is focused on offering quantitative, rules-based strategies that. [more...]

FastExpert Puts Power in Hands of Homebuyers and Sellers
Sep 28, 2020 10:15 AM ET

FastExpert Puts Power in Hands of Homebuyers and Sellers

iCrowdNewswire - Sep 28, 2020 -  Because purchasing and/or selling a home is an intensely personal and sometimes daunting experience, individuals should have just the right person to guide them through this process. FastExpert.com puts the power in the hands of buyers and sellers by offering detailed information on over 30,000 real estate agents—all at no cost. FastExpert.com provides users with the profiles of local, trusted agents, who post information on their total sales, years of. [more...]

Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook
Sep 28, 2020 7:40 AM ET

Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

iCrowdNewswire - Sep 28, 2020 - After watching the for-sale housing market largely shrug off the potential impacts of the coronavirus pandemic this summer, a panel of experts is singing a much more bullish tune about short-term home price performance than in the spring. But a few clouds appear when looking further out. Skepticism remains in the long term with elevated unemployment expected to persist into the next decade.  The Zillow® Home Price Expectations Surveyi, sponsored by. [more...]

Realtor.com® Weekly Housing Report: Nearly 400,000 Fewer Homes Have Been Listed Since the Start of the Pandemic
Sep 26, 2020 12:32 PM ET

Realtor.com® Weekly Housing Report: Nearly 400,000 Fewer Homes Have Been Listed Since the Start of the Pandemic

iCrowdNewswire - Sep 26, 2020 - Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory, according to realtor.com®'s Weekly Housing Report for the week ending Sept. 19. As a result, home prices are accelerating at double last year's pace while homes sell 12 days faster than last year, on average. "Sellers are more reluctant to list their. [more...]

Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners
Sep 26, 2020 11:30 AM ET

Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners

iCrowdNewswire - Sep 26, 2020 - Preferred Apartment Communities, Inc. announced that it has entered into a Purchase and Sale Agreement to sell its student housing portfolio (the "Portfolio") to TPG Real Estate Partners ("TREP") for $478.7 million. The transaction is expected to close in the fourth quarter of 2020 and is subject to customary closing conditions. The Portfolio was marketed for sale by CBRE. Preferred Apartment Communities The Portfolio includes eight, high-quality student housing communities located. [more...]

Leaseable welcomes Spear Street, Nuveen Real Estate, Golub & Company to Its Data Management Platform
Sep 25, 2020 2:45 PM ET

Leaseable welcomes Spear Street, Nuveen Real Estate, Golub & Company to Its Data Management Platform

iCrowdNewswire - Sep 25, 2020 -  Leaseable, the only Commercial Real Estate (CRE) data management company that tethers source tenant data with portfolio-wide reporting for anytime-anywhere access, today announced the addition of Spear Street, Nuveen Real Estate and Golub & Company to its Leaseable Cloud platform.   Leaseable Dashboard with sample data   With Leaseable Cloud, CRE customers can, for the first time, establish trusted, transparent, and timely access to their lease data for deeper portfolio analysis. [more...]

Texas Housing Market Posted Strong Numbers in Summer 2020 As The Digital Real Estate Economy Nearly Tripled Statewide
Sep 25, 2020 2:13 PM ET

Texas Housing Market Posted Strong Numbers in Summer 2020 As The Digital Real Estate Economy Nearly Tripled Statewide

iCrowdNewswire - Sep 25, 2020 - REX, the Texas-based company leading the digital real estate economy, released a new report Wednesday detailing the state's housing market trends during the COVID-19 pandemic. Public data compiled and analyzed by REX's data team, led by Chief Data Scientist Andy Terrel, tells the story of a flurry of activity in the market as consumers reacted to pent-up demand over a weak spring, long-term low inventory, and low interest rates. "Inventory volume in Texas has. [more...]

Homeownership Less Affordable For Average Workers Across U.S. In Third Quarter Of 2020
Sep 25, 2020 1:42 PM ET

Homeownership Less Affordable For Average Workers Across U.S. In Third Quarter Of 2020

iCrowdNewswire - Sep 25, 2020 -  ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of Data-as-a-Service (DaaS), today released its third-quarter 2020 U.S. Home Affordability Report, showing that median home prices of single-family homes and condos in the third quarter of 2020 are less affordable than historical averages in 63 percent of counties with enough data to analyze, up from 54 percent a year ago. The report determined affordability. [more...]

Four Seasons and Paralelo 19 Announce Plans for a New Luxury Resort Nestled on the Pacific Coast of Mexico
Sep 25, 2020 12:39 PM ET

Four Seasons and Paralelo 19 Announce Plans for a New Luxury Resort Nestled on the Pacific Coast of Mexico

iCrowdNewswire - Sep 25, 2020 -  Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and Paralelo 19 Desarrollos, a leading real estate development company in Mexico, announce a new luxury resort located in Tamarindo, Mexico. Four Seasons and Paralelo 19 Announce Plans for a New Luxury Resort Nestled on the Pacific Coast of Mexico Debuting in 2021 as Four Seasons Resort Tamarindo, México, the project will be located on a private peninsula along the Pacific Ocean in. [more...]

Workplace Experience Platform Lane to Power Nuveen Real Estate
Sep 25, 2020 12:18 PM ET

Workplace Experience Platform Lane to Power Nuveen Real Estate’s Waterford Business District in Miami

iCrowdNewswire - Sep 25, 2020 - This summer, Lane, a leading workplace experience platform, and Nuveen Real Estate, a leading global real estate manager, rolled out the Lane mobile app at Waterford Business District, one of the most prominent corporate office complexes in the Southeast U.S. Located near Miami International Airport, Waterford houses more than 100 multinational corporations and has one of the highest concentrations of regional and Latin American headquarters in South Florida.  "Launching our technology across seven office buildings in the midst. [more...]

Homie Selects Chris Fryer, AKA "The Sheriff," as New Chief Product Officer
Sep 25, 2020 11:37 AM ET

Homie Selects Chris Fryer, AKA “The Sheriff,” as New Chief Product Officer

iCrowdNewswire - Sep 25, 2020 - Homie, a real estate technology company that has been changing the way homes are bought and sold since 2015, has hired Chris Fryer as the company's new Chief Product Officer. As a former design leader at Amazon and Redfin, Fryer brings years of experience building beautifully designed products that have created immeasurable value for consumers. As CPO, his obsession over the customer experience and keen design leadership will set a new bar. [more...]

Ping An Good Doctor launches "Ping An Doctor Home" for Strategy + Product Dual Upgrade
Sep 25, 2020 11:13 AM ET

Ping An Good Doctor launches “Ping An Doctor Home” for Strategy + Product Dual Upgrade

iCrowdNewswire - Sep 25, 2020 - Ping An Healthcare and Technology Company Limited, a leading online healthcare service platform in China, announced that following an upgrade in strategies and products, it will launch "Ping An Doctor Home", a heavyweight sub-brand for establishing a professional communications bridge between doctors and patients, as well as upgrade of four major services (i.e. Private Doctors, Doctor Virtual Office, team of doctors and guaranteed insurance), which includes the meanings of "Doctor Home",. [more...]

The Commonwealth of Dominica Provides Families with More Homes Funded by Citizenship by Investment Programme
Sep 25, 2020 10:08 AM ET

The Commonwealth of Dominica Provides Families with More Homes Funded by Citizenship by Investment Programme

iCrowdNewswire - Sep 25, 2020 - More families in the Commonwealth of Dominica will receive keys to their new homes as part of the nation's 'Housing Revolution' initiative. According to Prime Minister Roosevelt Skerrit, a handing over ceremony will take place this Wednesday for thirty families in the village of Grand Bay. Separately, another thirty families will also receive keys to new homes in the neighbourhood of Jimmit this Friday. The 'Housing Revolution' project is fully financed by Dominica's Citizenship by. [more...]