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Homeowners Could Save Thousands by Refinancing their Mortgages
Sep 30, 2020 2:12 PM ET

Homeowners Could Save Thousands by Refinancing their Mortgages

iCrowdNewswire - Sep 30, 2020 - Mortgage rates are holding steady near historic lows1, and homeowners who haven't refinanced could be tossing thousands of dollars out the window. The monthly mortgage payment on the typical U.S. home, worth $256,663 in August, would be $951 before taxes or insurance with a 3.75% mortgage rate, near where rates were a year ago. But with a 3.02% rate2, that monthly payment drops to $868, which adds up to nearly $1,000 per year in savings. Over the. [more...]

Chicago
Sep 30, 2020 1:40 PM ET

Chicago’s #1 Real Estate Firm, @properties, Launches National Franchise Program

iCrowdNewswire - Sep 30, 2020 -  @properties, which was founded in 2000 and quickly grew into the largest residential brokerage firm in Chicago and its surrounding areas, announced today that it is launching a national franchise brand to offer broker-owners and agents access to the technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent. @properties co-founders and co-CEOs, Thad Wong and Mike Golden made the announcement.  The move. [more...]

StepStone Real Estate Closes Fund IV With $1.4 Billion in Capital Commitments
Sep 30, 2020 1:08 PM ET

StepStone Real Estate Closes Fund IV With $1.4 Billion in Capital Commitments

iCrowdNewswire - Sep 30, 2020 - StepStone Real Estate ("SRE") announced today the final closing of StepStone Real Estate Partners IV ("SREP IV"), its fourth in a series of funds focused on special situations secondaries and recapitalizations of real estate vehicles. SREP IV's $1.4 billion final closing exceeded the $1 billion target for the fund and notably, approximately $870 million of the commitments closed after the advent of the COVID-19 pandemic. Latham & Watkins LLP served as legal advisors for the formation. [more...]

World
Sep 30, 2020 12:39 PM ET

World’s First Real Estate DeFi Hits 30X After Auction Launch

iCrowdNewswire - Sep 30, 2020 -  Jointer, the future of Commercial Real Estate investment and syndication, concluded the launch of their private auction that completed 27 Auction days in 2 hours. From the launch on September 27, which began at 7:00 PM GMT, JNTR's face value grew from $0.01 to $0.2946 providing 2,946% returns for initial investors.   Jointer is built on Binance Smart Chain and grew from $0.01 to $0.2946 in 2 hours. Jude Regev is the CEO of Jointer  . [more...]

Sylvan Rock, First Private Residential Estate Designed by S3 Architecture and Aston Martin Design
Sep 30, 2020 12:04 PM ET

Sylvan Rock, First Private Residential Estate Designed by S3 Architecture and Aston Martin Design

iCrowdNewswire - Sep 30, 2020 -  S3 Architecture today revealed an innovative new creative residential collaboration in the high-end real estate market with British luxury car manufacturer Aston Martin.  S3 Architecture has worked closely with Aston Martin Design to imagine and design an innovative residential compound in New York's Hudson Valley, Sylvan Rock.     Sylvan Rock - First private residential estate designed by Aston Martin and S3 Architecture Sylvan Rock - First private residential estate designed by Aston. [more...]

American Homes 4 Rent Opens Bella Vista Community in Marysville, Washington
Sep 30, 2020 11:09 AM ET

American Homes 4 Rent Opens Bella Vista Community in Marysville, Washington

iCrowdNewswire - Sep 30, 2020 -  American Homes 4 Rent is pleased to introduce Bella Vista in Marysville, Wash., which joins its rapidly growing family of newly built single-family rental home communities. Bella Vista is American Homes 4 Rent's ("AH4R") 58th new rental home community and its fourth in the Seattle market, building upon the success of its Autumn Crest, Liberty Meadows and Royal Firs communities. (PRNewsfoto/American Homes 4 Rent) "American Homes 4 Rent is meeting the demand for new rental housing in the Greater Seattle market with. [more...]

Simon Property Group Declares Third Quarter 2020 Dividend Of $1.30 Per Common Share
Sep 30, 2020 10:38 AM ET

Simon Property Group Declares Third Quarter 2020 Dividend Of $1.30 Per Common Share

iCrowdNewswire - Sep 30, 2020 -  Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced a common stock dividend for the third quarter 2020.  Simon's Board of Directors has declared a $1.30 per common share dividend, payable in cash, for the third quarter 2020.  The dividend will be payable on October 23, 2020 to shareholders of record at the close of business on October 9, 2020.     The Company intends. [more...]

Two Deals Are Better Than One - Maner Builders Supply Sells Its Business Operations and Real Estate in Two Separate Transactions
Sep 30, 2020 10:15 AM ET

Two Deals Are Better Than One – Maner Builders Supply Sells Its Business Operations and Real Estate in Two Separate Transactions

iCrowdNewswire - Sep 30, 2020 - Maner Builders Supply, a multifaceted building products dealer with locations in Augusta, GA, and Aiken and Charleston, S.C., has closed two separate but simultaneous sales transactions. In addition to the sale of its business operations to US LBM, a national leader of specialty building products in the US., Maner also sold its real estate to STORE Capital, a real estate investment trust, in a sale-leaseback transaction. Following the transaction, US LBM will lease the real estate. [more...]

Renowned Residence Sold, Home of Beloved Cultural Denver Icon and Philanthropist, the Late Ginny Williams
Sep 30, 2020 7:41 AM ET

Renowned Residence Sold, Home of Beloved Cultural Denver Icon and Philanthropist, the Late Ginny Williams

iCrowdNewswire - Sep 30, 2020 - Renowned Denver-area residence of the late art collector, gallerist and museum donor, Ginny Williams, was listed and sold in early September by Gina Lorenzen, Broker Associate with Kentwood Real Estate. Originally designed by award-winning New York architect, Michael Gabellini, the iconic custom-built contemporary home on Cranmer Park is one of the most significant residences in Denver. Williams was a beloved cultural icon in Denver. She moved to the city in the 1950s with her husband Carl, and together. [more...]

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...]

Sep 1, 2020 7:00 AM ET

HomeWarrantyReviews.com Recognizes Choice Home Warranty with the 2020 People’s Choice Award

iCrowdNewswire - Sep 1, 2020 - Grandville, MI – Sep. 1, 2020 – Choice Home Warranty has been selected as the People’s Choice Award by HomeWarrantyReviews.com. The Home Warranty Awards were instituted in 2012 by HomeWarrantyReviews.com to encourage home warranty companies to improve their service delivery. The awards are given to companies that offer the best customer service, claims processing, and digital experience in the entire contract cycle. “We are delighted to receive the People’s Choice. [more...]