Research and advisory firm T3 Sixty has released the 2020 Real Estate Almanac. The 450-page annual printed report analyzes the core components of the residential real estate brokerage industry and organizes key data about them into five sections: leaders (SP 200), organized real estate (ORE 200),...
News Updates
Pembrook Provides $12.4 Million Loan for Staten Island Properties
Pembrook Capital Management has provided a $12.4 million loan for the acquisition and rehabilitation of 100 Belmont Place and 101 Daniel Low Terrace in Staten Island. The two adjacent rent-stabilized apartment buildings house 12 apartment units. The buildings will be converted to long-term...
Real Estate Startup Rolls Out Data and Workflow Solutions
TermSheet, a private-equity backed real estate software company, has launched an end-to-end real estate deal management platform. The company provides investors with tools for prospecting, managing and executing real estate transactions. Designed to streamline the life cycle of a real estate...
Lynn Owen Appointed EVP of Avenue5 Client Strategy
Avenue5 Residential, a multifamily property management services firm, has named Lynn Owen as its executive vice president of client strategy. In this newly created role, Owen will lead Avenue5’s portfolio services and business development teams, broaden the firm’s suite of client services, make...
FCP Enters Phoenix Market with Multifamily Acquisition
FCP has acquired Tides at South Tempe for $71.5 million through a joint venture with Tides Equities, a real estate investment company focused on multifamily investments. The 442-unit apartment community is FCP’s first investment in Arizona. Tides at South Tempe is located close to Superstition...
Data Discloses Flood Risk of Every Home in Contiguous U.S.
The nonprofit research and technology group First Street Foundation has publicly released flood risk data for more than 142 million homes and properties across the U.S. The data is based on decades of peer-reviewed research. It assigns every property in the contiguous U.S. a Flood Factor score...
Kilroy Realty Named NAIOP 2020 Developer of the Year
Kilroy Realty Corporation has been named NAIOP’s 2020 Developer of the Year. NAIOP is the Commercial Real Estate Development Association. Since 1979, the Developer of the Year award has been presented to a development company that best exemplifies leadership and innovation. It is NAIOP’s highest...
Next-Generation Technology Solution for Real Estate Inspections
Using a new technology solution from ServiceLink, borrowers can complete home inspections from the comfort and safety of their homes. The new mobile app, EXOS Inspect, uses a patent-pending technology featuring the latest artificial intelligence and an intuitive user interface that allows...
Hodges Ward Elliott Arranges Sale of Luxury Hospitality Asset
Hodges Ward Elliott, a boutique real estate capital markets advisor, represented Sunstone Hotel Investors in the $80 million sale of the 622-room Renaissance Harborplace hotel. The Renaissance Harborplace, centrally located in the heart of Baltimore, features an on-site restaurant, a fitness...