Eighth Circuit upholds NAR commission lawsuit settlement
Developers continue to pick up the pieces left behind when Innovation QNS fell apart. LMXD and BedRock Real Estate Partners secured a $250 million loan from New York Life Investment Management for the acquisition and construction of a project at 35-10 Steinway Street in Astoria, the Commercial Observer reported. The debt helped facilitate the $53…
In an attempt to not force another “Warsh” or “Jackson Hole” headline (because it’s a coin flip as to whether it will matter), the calendar offers up another event that is almost guaranteed not to matter. Despite the familiar name, today’s nonfarm payrolls data is not the NFP you’re looking for (that NFP will be…
How many rental properties do you need to retire? A lot fewer than you think. When people start investing in real estate, they think they need 20, 50, or even 100 rental units to build wealth, retire early, and secure financial freedom for themselves and their families. This is not the case…and it’s not even…
The Bascom Group, LLC has completed an $8.5-million refinancing of The Charleston Apartments, a 133-unit historic multifamily community located in the Westlake neighborhood of Los Angeles. Michael Derk, Daizy Gomez, Linsey Farrahi and Zack Metzner of Marcus & Millichap Capital Corporation arranged the debt financing on behalf of Bascom. The loan was provided by CalPrivate Bank, represented by…
Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck arranged a $34-million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Hwy. in Upland. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s relationship with Freddie Mac. The permanent fixed-rate loan is structured as a 10-year term, with…
Once upon a time, wellness at home meant maybe adding some fitness equipment or a sauna. Today, some homeowners hope their homes can actually help them live longer. In fact, according to the most recent America at Home study, 60% of homeowners say the inclusion of home features that will improve their health and wellness…