2020 – Page 34

First American Launches Endpoint, Invests $30 Million

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First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, has launched Endpoint, a mobile-first title and escrow company that provides a reimagined closing experience for buyers, sellers and their real estate agents. Developed as a new stand-alone company, Endpoint combines First American’s title and settlement expertise with the innovative approach of an agile startup to provide a digital real estate closing

Pembrook Acquires Five Properties in Southern California

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Pembrook Capital Management LLC has closed a $10.6 million financing package for the acquisition and rehabilitation of five properties totaling 105 units in Los Angeles. The financing was structured as a $6.2 million first mortgage loan for the acquisition of 25 units located at 14949 Roscoe Boulevard and a $4.2 million preferred equity investment for the acquisition of 825-833 East 108th Street (22 units), 6121 Crenshaw Boulevard (17 units), 6736-6800

Novel Coworking Adds New SmartSuites Floors to Minneapolis TriTech Center

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Workspace provider Novel Coworking has added two new floors of SmartSuites at the Minneapolis TriTech Center location, totaling nine new suites and 17,000-square-feet of new space. In 2019, the company debuted its SmartSuites technology-enhanced private suites, which feature a combination of private offices and collaborative open space, dedicated kitchen and conference room facilities. They also offer integrated technologies such as Alexa-enabled sound system and biometric keypad entry. The Minneapolis TriTech

“I Felt Alive”

by Gagan Sharma
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Self-challenge leads to a lifetime of opportunity. Someone once asked me how I view my success. After thinking about it, I replied that success is a journey of self-exploration and of constantly challenging one’s self. If you improve, good things happen. If you don’t challenge yourself, life is boring. My journey began in 1993 at the Indian Institute of Technology, where I had dual majors—chemical engineering and computer science. My

Home Flipping Activity Drops, Returns Remain Near Seven-Year Low

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In the third quarter of 2019, overall home flips dropped 12.9% over the previous quarter and were down 6.8% from a year ago, according to ATTOM Data Solutions’ third-quarter 2019 U.S. Home Flipping Report. Home flipping rates were down in 78% of the local markets (115 of 147) analyzed in the report. This decline came after an unusually active flipping market in the spring. The declines stood out as the

Median Home Prices Unaffordable for Average Wage Earner

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Home ownership consumes 32.5% of wages in fourth quarter 2019 The fourth quarter 2019 U.S. Home Affordability Report, released in mid-December by data provider ATTOM Data Solutions, shows that median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486, or 71% of the U.S. counties analyzed in the report. The figure represents a slight improvement from previous reports. It was down