News Updates

Hodges Ward Elliott Arranges Sale of Luxury Hospitality Asset

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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 center and a bar and lounge in addition to other amenities, including a café and valet parking. The property also offers 21 meeting rooms with more than 27,000 square

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WeBuyHouses.com has announced today its partnership with realtor.com’s new Seller’s Marketplace service. Visitors to realtor.com ® who wish to sell their homes can learn which selling options may be best for them after they enter some basic information about their home. Seller’s Marketplace then matches the option with options that are available in the home owner’s area. For example, consumers can be connected with WeBuyHouses.com and several other major service

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Auction statistics show significant increase in bidding volume and minimal pricing discounts. The commercial real estate auction market is performing at stronger levels than anticipated despite the ongoing coronavirus health and economic crisis. Contrary to the projections of many analysts, deal volume has increased due to healthy investor demand and abundant capital. “We’re currently in a unique and compelling environment to sell commercial real estate. We are dealing with a

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Restoration Builders expands to Tennessee with latest acquisition of Sky Restoration. Restoration Builders, a residential and commercial contractor, has acquired Sky Restoration, headquartered in Smyrna, Tennessee. Restoration Builders was founded in 2017. The company has built a nationwide network of licensed contractors and other industry-related organizations. It is developing a strategic infrastructure of teams, offices, equipment, trucks and other resources. Company revenue is projected to exceed $100 million for 2020.

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In its second quarter 2020 Special Report released on July 10, ATTOM Data Solutions identified the East Coast and northern Illinois as having the highest concentrations of housing markets vulnerable to the impact of COVID-19. Clusters exist in the areas of New York City, Chicago, Baltimore and Washington, D.C. Although four counties in the Western region of the U.S. were in the top 50 most at-risk counties, that region had

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Black Knight, Inc. has launched Black Knight SCOUT, a remote property inspection mobile app. The cloud-based application streamlines the appraisal process by allowing homeowners to collect property details and photos and send them electronically to appraisers to perform due diligence and analysis without requiring an appraiser to enter the property. Appraisal management company representatives or lenders working with them don’t need a specific software or system to interface with the