RLAH Real Estate has joined with Tower Hill Realty to allow growth “in ways that neither of us could have done alone,” said Patrick Kilner of Tower Hill. Kilner will be taking on the role of director of education. Tower Hill Realty is led by very special people,” said RLAH’s CEO Jason Sherman, referencing Kilner, Tamara Kucik and John Kirk. Combined RLAH will now hold Top 5 market share within Montgomery County, Maryland.
Read MoreThe CoStar Group has announced the Power Brokers Quarterly Deals winners for the second quarter of 2020. Dennis Hopper, the managing principal of DSH Hotel Advisors, came out on top of the list of winners in the hotel sector within a defined market. Power Brokers Quarterly Deals’ winners are determined by their top deals in specific major markets each quarter, based on sales price and square footage. Hopper said, “COVID-19 has really slowed down the volume of hotel transactions this year; however, we are still averaging between 7-10 offers on every exclusive listing assignment, which is allowing us to move deals to contract and get them closed. There is still a large portion of buyers sitting on the sidelines waiting to see what happens with the market or hoping for big discounts, but there is also a segment of buyers that remain optimistic about the recovery and are willing to pay fair prices for hotels based on 2019 valuations with a 5-15% discount applied—for the right property.” DSH Hotel Advisors is a national hotel brokerage and advisory firm based out of Tampa, Florida. The firm exclusively represents investors seeking an acquisition or disposition of hotel assets throughout the U.S., with a regional focus in the southeast.
Read MoreWatermark Residential has acquired 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The luxury-leased residential community will feature one- to four-bedroom attached single-family homes and townhomes. The development is expected to be completed by December 2022. The development, located along Lagae Road south of Castle Pines Parkway, will consist of 214 homes averaging 1,410 square feet. All units will feature premium interior finishes, including gourmet bar-kitchens with quartz countertops, stainless steel appliances, walk-in closets, garden tubs, full-size washers and dryers and designer light fixtures. The three- and four-bedroom townhomes will feature two-car attached garages and two-level patio decks. The paired villas will feature 10-foot ceilings, windows on three sides of the home and privately fenced patios. Community amenities will include a clubhouse, 24-hour state-of-the-art fitness center, swimming pool with cabanas and entertainment areas, pet-friendly bark park and doggie spa, local walking paths and access to an on-site management team. Watermark Residential is a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers. The Summit is the fourth luxury leased project for the company. The company also has projects under development in the suburbs of Denver, Phoenix and Nashville.
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