Land law

Alpine Income Property Trust, Inc. Prices Initial Public Offering

Thursday, November 21, 2019 - 11:16pm

About Alpine Income Property Trust, Inc.

Key Points: 
  • About Alpine Income Property Trust, Inc.
    Alpine Income Property Trust, Inc. is a newly organized real estate company that owns and operates a portfolio of high-quality single-tenant net lease commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas.
  • The Companys initial portfolio consists of 20 assets, occupied by 16 tenants in 13 industries across 15 markets and 10 states.
  • PINE intends to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Fla.'s Housing Market: Pending Sales and Inventory, Median Prices Up in Oct. 2019

Thursday, November 21, 2019 - 4:05pm

ORLANDO, Fla., Nov. 21, 2019 /PRNewswire/ -- Florida's housing market reported more single-family home sales, more pending sales, higher median prices and rising pending inventory in October 2019 compared to a year ago, according to the latest housing data released by Florida Realtors.

Key Points: 
  • ORLANDO, Fla., Nov. 21, 2019 /PRNewswire/ -- Florida's housing market reported more single-family home sales, more pending sales, higher median prices and rising pending inventory in October 2019 compared to a year ago, according to the latest housing data released by Florida Realtors.
  • "New pending sales rose 13.3% for single-family existing homes last month and new pending sales for condo-townhouse units increased 4.2%.
  • Meanwhile, pending inventory for single-family homes in October was up 9.5% and pending inventory for condo-townhouse properties rose 3.6%."
  • Statewide median sales prices for both single-family homes and condo-townhouse properties in October rose year-over-year for 94 months in a row.

Redfin Report: U.S. Home Prices up 5.4% in October

Tuesday, November 19, 2019 - 1:00pm

Just 12 of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory.

Key Points: 
  • Just 12 of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory.
  • Home prices usually rise in response to either an increase in home sales (demand) or a decrease in the number of homes for sale (supply).
  • Redfin ( www.redfin.com ) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor.
  • Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions.

Toll Brothers Apartment Living® and JD Capital USA Launch  Joint Venture to Develop 262-Unit Rental Community in Orange County, CA

Monday, November 18, 2019 - 1:30pm

HORSHAM, Pa., Nov. 18, 2019 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( www.TollBrothers.com ), the nations leading builder of luxury homes, through its Toll Brothers Apartment Living rental subsidiary, and JD Capital USA, have announced the formation of a new joint venture to develop a 262-unit luxury apartment community in the City of Orange, CA.

Key Points: 
  • HORSHAM, Pa., Nov. 18, 2019 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( www.TollBrothers.com ), the nations leading builder of luxury homes, through its Toll Brothers Apartment Living rental subsidiary, and JD Capital USA, have announced the formation of a new joint venture to develop a 262-unit luxury apartment community in the City of Orange, CA.
  • Toll Brothers Apartment Living is excited to open our first California community in Orange County.
  • Our communities have been well received nationally and we expect this community to maintain this trend, Charles Elliott, President, Toll Brothers Apartment Living, said.
  • The Company acquires and develops rental apartment and commercial properties through Toll Brothers Apartment Living, Toll Brothers Campus Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living.

Residential Real Estate Tech Startup Expands to Three New States

Thursday, November 14, 2019 - 1:34pm

DES MOINES, Iowa, Nov. 14, 2019 /PRNewswire/ -- ShowPal, a comprehensive real estate tech platform, is launching in Illinois, Michigan and Florida this week.

Key Points: 
  • DES MOINES, Iowa, Nov. 14, 2019 /PRNewswire/ -- ShowPal, a comprehensive real estate tech platform, is launching in Illinois, Michigan and Florida this week.
  • The web-based service will allow home sellers in these states to conduct the home sales process virtually all online, with or without a real estate agent, taking away many of the hassles of traditional for-sale-by-owner (FSBO) models.
  • ShowPal, founded in Iowa in May 2018 has plans for continued expansion across the U.S over the next year.
  • About ShowPal: ShowPal is a real estate technology and services company that offers home sellers a variety of affordable options to help them sell their home.

U.S. Foreclosure Activity In October 2019 Climbs Upward From Previous Month

Thursday, November 14, 2019 - 5:01am

Lenders repossessed 13,484 U.S. properties through completed foreclosures (REOs) in October 2019, up 14 percent from last month, hitting the highest point in total number of completed foreclosures in 2019.

Key Points: 
  • Lenders repossessed 13,484 U.S. properties through completed foreclosures (REOs) in October 2019, up 14 percent from last month, hitting the highest point in total number of completed foreclosures in 2019.
  • States that saw the greatest number in REOs in October 2019 included: Florida (1,493 REOs); Texas (912 REOs); Michigan (890 REOs); California (824 REOs); and Illinois (805 REOs).
  • Highest foreclosure rates in New Jersey, Illinois and Maryland
    Nationwide one in every 2,453 housing units had a foreclosure filing in October 2019.
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.

CoreLogic Reports U.S. Overall Delinquency Rate Lowest for an August in at Least 20 Years but Five States Post Annual Gains

Tuesday, November 12, 2019 - 1:00pm

The August 2019 foreclosure inventory rate tied the prior nine months as the lowest for any month since at least January 1999.

Key Points: 
  • The August 2019 foreclosure inventory rate tied the prior nine months as the lowest for any month since at least January 1999.
  • This Augusts serious delinquency rate of 1.3% was the lowest for the month of August since 2005 when it was also 1.3%.
  • Job loss can trigger a loan delinquency, especially for families with limited savings, said Dr. Frank Nothaft, chief economist at CoreLogic.
  • While the nations serious delinquency rate remains near a record low, 19 metropolitan areas recorded small annual increases in their serious delinquency rates.

Real Estate Experts Share Tactics for Thriving in a Global Market

Tuesday, November 12, 2019 - 4:50pm

Real estate leaders participated in more than 20 presentations and panel discussions to address the biggest issues impacting the global real estate market.

Key Points: 
  • Real estate leaders participated in more than 20 presentations and panel discussions to address the biggest issues impacting the global real estate market.
  • "International real estate buyers and investors enhance brokerages and profitability, boost markets and expand the economy," said Vince Rocco, Licensed Associate Real Estate Broker, Halstead.
  • Relationships remain crucial for all business endeavors, particularly when it comes to global real estate."
  • The National Association of Realtors and the New York State Association of Realtors were premier sponsors for the 2019 Global Real Estate Summit NYC.

Yardi Recognised for Property Management Software, Tech Innovation by MECSC+R

Tuesday, November 12, 2019 - 12:00pm

DUBAI, UAE, Nov. 12, 2019 /PRNewswire/ --Global real estate technology provider Yardi was honoured to accept the Best Property Management Software and Best Technology Innovation Awards at the recent Retail Congress MENA 2019hosted by MECSC+R in Dubai.

Key Points: 
  • DUBAI, UAE, Nov. 12, 2019 /PRNewswire/ --Global real estate technology provider Yardi was honoured to accept the Best Property Management Software and Best Technology Innovation Awards at the recent Retail Congress MENA 2019hosted by MECSC+R in Dubai.
  • Each year, the awards celebrate hard-working and innovative retailers, shopping centres and service providers who have achieved excellence.
  • "Yardi has a proven track record of success in retail real estate across the Middle East through state-of-the-art solutions that represent the best use of technology for property managers and investors."
  • Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies.

Yardi Recognised for Property Management Software, Tech Innovation by MECSC+R

Tuesday, November 12, 2019 - 12:00pm

DUBAI, UAE, Nov. 12, 2019 /PRNewswire/ --Global real estate technology provider Yardi was honoured to accept the Best Property Management Software and Best Technology Innovation Awards at the recent Retail Congress MENA 2019hosted by MECSC+R in Dubai.

Key Points: 
  • DUBAI, UAE, Nov. 12, 2019 /PRNewswire/ --Global real estate technology provider Yardi was honoured to accept the Best Property Management Software and Best Technology Innovation Awards at the recent Retail Congress MENA 2019hosted by MECSC+R in Dubai.
  • Each year, the awards celebrate hard-working and innovative retailers, shopping centres and service providers who have achieved excellence.
  • "Yardi has a proven track record of success in retail real estate across the Middle East through state-of-the-art solutions that represent the best use of technology for property managers and investors."
  • Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies.