2022 – Page 71

CORTLAND HIRES JASON KERN AS PRESIDENT OF INVESTMENT MANAGEMENT

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Cortland, a vertically integrated, multifamily real estate investment, development, and management company, has appointed Jason Kern President of Investment Management, a new role created to support the firm’s continued growth in the United States and overseas. Kern reports to Cortland’s CEO, Steven DeFrancis, and will help formulate and implement strategies for the management and growth – both organically and through mergers and acquisitions – of the firm by leveraging its areas of competitive advantage and

Word of the Day: Howbeit

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[hou-BEE-it] Part of speech: Adverb Origin: Location unknown, 15th century Definition: Nevertheless; however. Examples of Howbeit in a sentence “I’ve never been to Spain before, howbeit, I know a lot about the culture.” “Jerrod wasn’t interested in the squabble, howbeit, he was pulled into the argument.” About Howbeit This word stems from the contraction of “hough be hit” or “how be it,” meaning “”be it as it may, notwithstanding, nevertheless, yet; notwithstanding that.” Did you

There is a New Way of Thinking About Housing in California

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A new and innovative home design is offering a solution to housing issues in key segments of the California market. The Zomes Bioceramic Dome is an alternative to the traditional home design that’s affordable, energy efficient, earth friendly, toxin free, constructed quickly and a great investment. From shortages and rising prices to neighborhood tensions over land use, housing issues in California are affecting people across the state. Younger buyers struggle to find an affordable price point

Word of the Day: Sagacious

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[sə-GEY-shus] Part of speech: Adjective Origin: Latin, early 17th century Definitions: Having or showing keen mental discernment and good judgement Wise or shrewd Examples of Sagacious in a sentence “She could always rely on her mentor to provide sagacious feedback.” “The op-ed provided a sagacious viewpoint on the recent controversy.” About Sagacious To be sagacious means to be wise, but specifically showing keen judgment. It’s not just about intelligence, but it’s showing discernment. It could

Experts split on whether affordability woes or inventory gains will define 2022 housing market

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Home price appreciation in suburbs expected to continue to outpace that in cities in 2022 – Housing experts are evenly divided on whether sales will rise or fall in 2022. – Bullish panelists point to expected inventory growth, while bears are concerned about worsening affordability. – The panel expects slower nationwide price growth in 2022, but doesn’t anticipate declining values. An outside panel of economists and housing experts is evenly

Shopoff Realty Investments Secures $47 Million Construction Loan and Breaks Ground on 131-Home Build-For-Rent Project in La Quinta, CA

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Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, announced that the company has secured a $47 million construction loan from CoreVest Finance for SolTerra, a 131 single-family-home, build-for-rent project located in La Quinta, California, at the southwest corner of Auto Center Drive and La Quinta Drive. This project is a co-development in partnership with Argosy Real Estate Partners. “Single-family rental living has never been more attractive, with people desiring