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

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

Texas condominium and townhome sales decline, median price increases from 2019 to 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 … Continue reading Texas condominium and townhome sales decline, median price increases from 2019 to 2020 Continue Reading

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

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 … Continue reading Home Prices Keep Climbing As National Median Now Up 14% from Last Year Continue Reading

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

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 … Continue reading Highland Capital Management Fund Advisors Announces Updates to Highland Income Fund Portfolio Management Team Continue Reading

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

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. … Continue reading Philadelphia Equity Transaction Closes to fund 6 High End Apartments in University City Continue Reading

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

 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 … Continue reading W. P. Carey Announces $44 Million Industrial Property Investment Continue Reading

Regional Health Properties Names Ben Waites as Chief Financial Officer

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 … Continue reading Regional Health Properties Names Ben Waites as Chief Financial Officer Continue Reading

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

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 … Continue reading Brean Capital, LLC Establishes Commercial Real Estate Special Servicing Business, Brean Real Estate Solutions, LLC Continue Reading

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

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

Urban District Realty Launches New Real Estate Listing System, PROJETO

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 … Continue reading Urban District Realty Launches New Real Estate Listing System, PROJETO Continue Reading