Assessing and maintaining investment properties in growing portfolios In the classic 1980s movie “The Money Pit,” Walter (Tom Hanks) and Anna (Shelley Long) are house-sitting a New York City apartment owned by Anna’s ex-husband. When he suddenly evicts them, they decide to purchase a home and think they are getting a great deal on an estate outside the city. It soon becomes apparent that the purchase was too good to
Read More
Looking at the potential issues a project may face and taking the steps to minimize them early will help keep you on budget and on schedule. When developers, investors or builders look at a new project, everyone knows to consider the zoning and the entitlements necessary for the project to happen. What often gets pushed down the priority list, or not thought of at all, are the corollary issues that
Read More
Investors, beware and be aware—constriction is coming. We are so far into the longest economic expansion in the history of the U.S. that just about everyone—no matter how bullish on their particular market—is stuck in a waiting pattern. Currently, our economy, our country and, arguably, our housing market are all subject to an array of uncertainties, including: COVID-19 (the novel coronavirus that first appeared in Wuhan, China) and its impact
Read MoreCBRE Group has been named the top global brand in commercial real estate by The Lipsey Company. This is the 19th year in a row CBRE has achieved this recognition. CBRE’s development services subsidiary, Trammell Crow Company, was the top-ranked development company for the third consecutive year. Lipsey is a training and professional development firm specializing in commercial real estate. It has surveyed commercial real estate professionals on their perceptions
Read MoreFirst American Financial Coporation announced in mid-February that it has reached an agreement to purchase Docutech—a provider of document, eClose and fulfillment technology for the mortgage industry—for $350 million. Docutech’s management team, including President and CEO Amy Brandt, will continue to lead the company’s operations. The acquisition is expected to close by the end of March.
Read MoreMaryland-based real estate firm Blue Ocean has expanded its footprint into Howard County, Maryland, with its acquisition of The River Front Apartments in Savage, Maryland. The 144-unit, water-front and gated, residential community is located in Howard County, a few milesfrom downtown Columbia. The purchase of The River Front Apartments aligns with Blue Ocean’s long-term strategyto acquire real estate in Class A locations that provide tangible opportunities to create or add
Read More
