Home Bancorp, Inc. Announces 2020 Second Quarter Results And Declares Quarterly Dividend

 Home Bancorp, Inc., the parent company for Home Bank, N.A. (the “Bank”) (www.home24bank.com), reported financial results for the second quarter of 2020.  For the quarter, the Company reported net income of $2.5 million, or $0.29 per diluted common share (“diluted EPS”), compared to $1.9 million, or $0.21 diluted EPS, for the first quarter of 2020. “While the long-term impact of COVID-19’s … Continue reading Home Bancorp, Inc. Announces 2020 Second Quarter Results And Declares Quarterly Dividend Continue Reading

Shopoff Realty Investments Secures Unanimous Planning Commission Approval for Chula Vista Residential Project

Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced today that its 141-unit Moss Street Townhomes project in Chula Vista, California has been unanimously approved by the city’s planning commission, with a 5-0 vote in favor of the project. Located at the intersection of Moss Street and Industrial Boulevard, the property … Continue reading Shopoff Realty Investments Secures Unanimous Planning Commission Approval for Chula Vista Residential Project Continue Reading

Optimus Properties, LLC closes on 100-units in Van Nuys

 Optimus Properties, LLC, a Century City based real estate company, has expanded its footprint in Southern California with a 100-condominium unit acquisition in Van Nuys valued at approximately $21M.  Optimus has been deploying capital in larger assets located near major employment centers in greater Los Angeles, including the recent purchase of a 38-unit apartment building in Old Town Pasadena.  But with recent events transpiring from … Continue reading Optimus Properties, LLC closes on 100-units in Van Nuys Continue Reading

Capital Square 1031 Fully Subscribes All-Cash DST Offering of a Triple Net Leased Medical Facility in Augusta, Georgia

 Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today that CS1031 Augusta MOB, DST, a Regulation D private placement, has been fully subscribed. The offering is comprised of a 30,548-square-foot orthopedic clinic in Augusta, Georgia, that was acquired by the DST in an all-cash, no … Continue reading Capital Square 1031 Fully Subscribes All-Cash DST Offering of a Triple Net Leased Medical Facility in Augusta, Georgia Continue Reading

Thompson Thrift Retail Group Sells Multi-Tenant Retail Building in Terre Haute, Indiana

 Thompson Thrift Retail Group (TTRG), a wholly-owned company of Indianapolis-based Thompson Thrift, announced today the $2.2 million sale of a multi-tenant retail building in Terre Haute to Birmingham, Ala.-based Sanders Capital Partners. Honey Creek Pointe, located along US Hwy 150/41, is a 7,871-square-foot building that is fully leased to Five Guys, ATI Physical Therapy, Royal Nails and Sports Clips and is shadow-anchored by … Continue reading Thompson Thrift Retail Group Sells Multi-Tenant Retail Building in Terre Haute, Indiana Continue Reading

AREAA Announces 2020 A-List

 The Asian Real Estate Association of America (AREAA) released its 10th annual A-list today, recognizing the top producing real estate professionals across the United States. This year’s A-list represents the diverse membership within AREAA. 70% of the top producers and mortgage originators are bilingual and speak at least two languages. Earlier this year, the Federal Housing Finance … Continue reading AREAA Announces 2020 A-List Continue Reading

Home Sellers’ Asking Prices Up 13% from Last Year as Demand Keeps Soaring

Listing prices of homes for sale were up 13%, to an all-time high of $328,500 during the four-week period ending July 12, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage.  Closed sale prices, which lag listing prices, were also up 6%. Home prices are turning in monthly gains at a time of year when prices … Continue reading Home Sellers’ Asking Prices Up 13% from Last Year as Demand Keeps Soaring Continue Reading

Gardner Capital Completes Brand-New Affordable Housing Project in Aurora

Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed the Alameda View Apartments, a new affordable housing complex in Aurora, Colo. Alameda View Apartments in Aurora, Colorado. Gardner Capital developed the Alameda View Apartments in partnership with the City of Aurora; CHFA provided low-income housing tax credit … Continue reading Gardner Capital Completes Brand-New Affordable Housing Project in Aurora Continue Reading

With Added Unemployment Payments Set to Expire, Housing Insecurity Could Reach Perilous Levels

More than 32 million peoplei are set to lose the additional $600 per week in unemployment benefits that are part of the Federal Pandemic Unemployment Compensation (FPUC) program. Losing that added compensation on July 31 would send the share of renters facing a severe housing cost burden skyrocketing, a new Zillow® analysis shows, and Black households would be disproportionately affectedii.  Expanded unemployment … Continue reading With Added Unemployment Payments Set to Expire, Housing Insecurity Could Reach Perilous Levels Continue Reading

Naples’ luxury real estate market closes out the month of June with boutique firm on top

Five agents from boutique luxury real estate firm Gulf Coast International Properties® (GCIP) recently landed in the top 25 among real estate agents serving the Old Naples, Port Royal and Aqualane Shores areas. For the month of June 2020, Adam L. Carriero, who has been serving Naples’ luxury real estate clientele for 24 years, took the number one spot with … Continue reading Naples’ luxury real estate market closes out the month of June with boutique firm on top Continue Reading