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New York Doubles Down on Tracking Empty Storefront Problem
Jul 26, 2019 6:10 AM ET

New York Doubles Down on Tracking Empty Storefront Problem

iCrowdNewswire - Jul 26, 2019 - (Bloomberg)—Take a stroll down Manhattan’s Fifth Avenue, one of the most famous shopping thoroughfares in the world, and you’ll find the emptiness hard to ignore. New York’s vacant storefront epidemic doesn’t end there: Walk one block east to Madison Avenue, and nearly 30% of all shops are available for rent, according to a report by brokerage Cushman & Wakefield. Business owners across the city have increasingly been forced to close. [more...]

Jul 26, 2019 6:05 AM ET

Three Reasons Why Home Improvement Is The Fastest-Growing Retail Category And What To Watch For

iCrowdNewswire - Jul 26, 2019 - Amid the shuttering of many brick-and-mortar stores and slow growth in retail spending overall, there is one bright star: home improvement stores. Emblematic of this is the continued strong growth in revenue at Home Depot and other stores in the home improvement sector.  More to the point: Home improvement spending nationwide has been growing at almost double the rate of the rest of the retail sector. Let’s look at what tailwinds have. [more...]

Jul 26, 2019 6:00 AM ET

Realogy Partners With Amazon To Launch TurnKey Homebuying Program

iCrowdNewswire - Jul 26, 2019 - Realogy Launches TurnKey In Collaboration With Amazon New Homebuying Program Matches Consumers in 15 U.S. Cities with Participating Agents from Realogy’s Family of Residential Real Estate Brands; The Amazon Move-In Benefit Provides $1,000 to $5,000 of Complimentary Amazon Home Services and Fully-Installed Smart Home Products Courtesy of Realogy to TurnKey Participants after Closing on Their New Home Realogy Holdings Corp. (NYSE: RLGY), today announced in collaboration with Amazon the launch of TurnKey, a. [more...]

Jul 25, 2019 6:35 AM ET

New-Home Sales Finally See a Jump This Summer

iCrowdNewswire - Jul 25, 2019 - New-home sales rebounded in June, but builders warn that affordability concerns persist. Sales of newly built single-family homes rose 7% last month to a seasonally adjusted annual rate of 646,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New-home sales for 2019 are 2.2% higher than the same period a year ago. But while the numbers were positive. [more...]

Jul 25, 2019 6:25 AM ET

Sales Prices, Inventory Reach Record Highs In Manhattan During Mansion Tax Mad-Dash

iCrowdNewswire - Jul 25, 2019 - Manhattan’s median sales price reached a record high of $1,161,496 in the second quarter of 2019, a steep 11% increase from a year prior, according to a new report from the listings site StreetEasy. The hike was driven by buyers in the luxury market hurrying to close deals before the revised mansion tax took effect on July 1. The tax, which previously took 1% from sales of $1 million or more, will now. [more...]

Jul 25, 2019 6:20 AM ET

A Critical Look At REIT IPOs

iCrowdNewswire - Jul 25, 2019 - The number of REIT initial public offerings, or IPOs, has certainly fallen from the good old days. In 2013, for instance, there were 19 of them in all. In 2017, however, there were nine REIT IPOs that, together, raised around $2.9 billion in gross proceeds. For 2018, that number dropped down to five (though gross proceeds did jump to $3.3 billion). So far, between January and mid-July, however, 2019 has. [more...]

More homeowners are tapping their equity to build accessory dwelling units
Jul 25, 2019 6:15 AM ET

More homeowners are tapping their equity to build accessory dwelling units

iCrowdNewswire - Jul 25, 2019 - America’s affordability problem continues to plague the housing market as wages aren’t keeping pace with rising home prices. The situation has given rise to an increase in multigenerational living, with Pew Researchdata revealing that the number of Americans living with family members of another generation has risen sharply since the Great Recession, climbing to a record-breaking 64 million in 2016, representing 20% of the U.S. population. To solve space concerns, some homeowners are. [more...]

Jul 25, 2019 6:10 AM ET

CGA Mortgage Capital Lends $52M on Blue Sky’s Morningside Heights Resi Buy

iCrowdNewswire - Jul 25, 2019 - CGA Mortgage Capital has provided roughly $52 million to Blue Sky Real Estate Development to facilitate its purchase of an apartment building at 3060 Broadwayin Morningside Heights, city records show.  The financing includes a new $27 million gap mortgage that helped cover Blue Sky’s $47.2 million purchase of the property from an ownership group, led by Coltown Properties, that had purchased the building from the Jewish Theological Seminary of America in 2016 — the seminary leased back the. [more...]

YD Fortune’s CEO and Founder Ricki Li Launches Her Real Estate Empire, Starting with Center City Properties
Jul 25, 2019 6:05 AM ET

YD Fortune’s CEO and Founder Ricki Li Launches Her Real Estate Empire, Starting with Center City Properties

iCrowdNewswire - Jul 25, 2019 - Li Founded YD Fortune in July, 2018 LOS ANGELES, CA / Ricki Li, founder of notable real estate investment firm YD Fortune, is building a real estate empire. Starting in Center City Philadelphia, and building from the ground up, Li has managed to own and operate all cogs in the real estate machine. From construction to an interior design team, she cuts out the middleman while cutting costs. This gives customers. [more...]

HAWKEYE Acquires Railway Property in BC Golden Triangle
Jul 25, 2019 6:00 AM ET

HAWKEYE Acquires Railway Property in BC Golden Triangle

iCrowdNewswire - Jul 25, 2019 - VANCOUVER, BC  / HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE") (TSX-V-HAWK; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that HAWKEYE has entered into two Sale and Purchase Agreements with two separate arms-length vendors to acquire 100% interests in an additional fifteen (15) claims (the “Claims”) totaling 826 hectares in the BC Golden Triangle. The Claims are located approximately 12 kilometres east-northeast of the Village of Iskut, BC,. [more...]

Cannabis Real Estate Firm Bangi, Inc. To File as A Qualified Opportunity Fund with IRS
Jul 25, 2019 6:00 AM ET

Cannabis Real Estate Firm Bangi, Inc. To File as A Qualified Opportunity Fund with IRS

iCrowdNewswire - Jul 25, 2019 - BANGI Shareholders Set to Reap Significant Tax Benefits from New Designation LOS ANGELES, CA / BANGI, Inc. (OTC PINK: BNGI), a diversified investment vehicle that acquires and leases specialized real estate assets in the cannabis, hemp and CBD industries, today announced that it expects to be designated as a Qualified Opportunity Fund with the filing of Form 8996 with the Internal Revenue Service (“IRS”). As a result, current and future BANGI. [more...]

Jul 24, 2019 6:50 AM ET

How to Do Value-Add Renovations Without Disrupting Tenants

iCrowdNewswire - Jul 24, 2019 - A lot of people are getting involved in multifamilies these days, and that’s because multifamily investments can be very lucrative. The way that multifamilies are lucrative is in a value-add play. A value-add play is where somebody buys a multi, and let’s say, the average rent per unit is $700. This price per unit isn’t bad, but maybe the market’s gone up, you’ve seen a lot of appreciation in rents, and. [more...]

Jul 24, 2019 6:50 AM ET

The Dos and Don’ts of Choosing a Profitable Rental Property

iCrowdNewswire - Jul 24, 2019 - Investing in real estate can absolutely be a benefit to your financial portfolio, but it is not a commitment to make without careful research and the right knowledge. If you’re considering entering the rental game, you will want to educate yourself on the various pros and cons involved in owning a this type of investment property. Becoming a successful landlord who sees a return on their investment takes some savviness, patience, and a. [more...]

Jul 24, 2019 6:45 AM ET

The Bezos bump: Amazon deal pushes Realogy stock and market cap up by 19%

iCrowdNewswire - Jul 24, 2019 - Amazon and Realogy’s new partnership sent the real estate giant’s stock price and market cap soaring on Tuesday — but some analysts warn that it may be short lived. After the program, dubbed TurnKey, was announced early Tuesday morning Realogy’s stock prices soared 31 percent in premarket trading. The stock opened at a recent high of $6.44 per share and fluctuated throughout the day before closing at $6.18 — up. [more...]

Jul 24, 2019 6:45 AM ET

Kevin Nealon Finally Sells His Pacific Palisades Home for $4.85M

iCrowdNewswire - Jul 24, 2019 - Former “Saturday Night Live” cast member Kevin Nealon has finally sold his Pacific Palisades home, according to the Los Angeles Times. The deal closed for $4.85 million. Nealon and his wife, Susan Yeagley, had purchased the Los Angeles–area property for $3.45 million in 2010. In 2016, they listed the seriously nice home for $5.3 million. In 2018, after multiple price cuts, the home was further reduced to just under $5 million. Close to Palisades Village and the beach, the. [more...]

Jul 24, 2019 6:40 AM ET

Everything you need to know about Realogy and Amazon’s TurnKey partnership

iCrowdNewswire - Jul 24, 2019 - Realogy has jumped into bed with Amazon to roll out a new program it hopes will simplify homebuying — and it’s paying for the privilege. The company on Tuesday unveiled “TurnKey,” a program that offers homebuyers support in finding a new home using Realogy-affiliated brokers, and provides incentives in the form of up to $5,000 worth of Amazon products and home services. Realogy’s head of strategy, Eric Chesin, would not. [more...]

Jul 24, 2019 6:15 AM ET

US home sales slide again in June as prices hit all-time high

iCrowdNewswire - Jul 24, 2019 - U.S. existing home sales posted a 16th straight month of year-over-year declines in June, but there was at least one nugget of good news for sellers. Those who are able to sell their homes are getting more for them, as the median nationwide sale price reached an all-time high, according to a new National Association of Realtors report cited in the Wall Street Journal. The number of sales in June. [more...]

Prices for the Most Affordable U.S. Homes Up 9% in June
Jul 24, 2019 6:10 AM ET

Prices for the Most Affordable U.S. Homes Up 9% in June

iCrowdNewswire - Jul 24, 2019 - Meanwhile, prices for the most expensive homes increased modestly, up 1 percent year over year.  California’s San Jose and Orange County markets buck the national trend, with prices for the most affordable homes falling this year. Prices for the most affordable third of homes in San Jose dropped 3.8 percent year over year in June—from an average of $760,309 to $731,688—the fifth consecutive month of declining prices in the category after six. [more...]

Jul 24, 2019 6:05 AM ET

TurnKey Secures $48 Million In Funding, Aims For U.S. Expansion

iCrowdNewswire - Jul 24, 2019 - TurnKey Vacation Rentals announced Tuesday that it had secured $48 million in new funding, bringing the company’s total raised to $100 million since its inception in 2013. The Austin-based company, which specializes in property management technology and luxury vacation rentals, obtained its largest funding round to date from current lead investor Alto Ventures. Other participants in the round included existing TurnKey investors Adams Street Partners, Greenspring Associates and Harmony Partners.  “We’re. [more...]

Jul 24, 2019 6:00 AM ET

Reali redesign allows end-to-end support for Realtors and homebuyers

iCrowdNewswire - Jul 24, 2019 - Real estate technology company Reali announced Tuesday a second-generation of their mobile app, supporting an end-to-end journey for homebuyers. This is the first time the company has updated the app since its origination in 2016.  That's not to say the company has been idle. In 2017, Reali raised $5 million and announced an expansion into the San Francisco Bay area. One year later, Reali offered one of the nation’s smallest transaction fees in one of the nation’s most. [more...]