Land law

Toll Brothers Apartment Living® to Develop Emerson, A 188-Unit Rental Community in Sleepy Hollow, New York

Retrieved on: 
Wednesday, September 16, 2020
Toll Brothers, Toll, Condominium, Apartment, Multi-family residential, Real estate, Land law

Charles Elliott, President of Toll Brothers Apartment Living, said, Toll Brothers Apartment Living is excited to build this multifamily community alongside the established Toll Brothers presence in the New York market where we have been building homes and condominiums for over twenty years.

Key Points: 
  • Charles Elliott, President of Toll Brothers Apartment Living, said, Toll Brothers Apartment Living is excited to build this multifamily community alongside the established Toll Brothers presence in the New York market where we have been building homes and condominiums for over twenty years.
  • 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.
  • Toll Brothers Apartment Living is the apartment development division of Toll Brothers, Inc. (NYSE: TOL).
  • Toll Brothers Apartment Living was ranked 11th largest apartment developer in the U.S. in 2020 by the National Multi-Family Housing Council.

Bid4Assets Announces Montgomery County Sheriff's Office to Transition Sheriff Sales Online

Retrieved on: 
Tuesday, September 15, 2020
Real property law, Bid4Assets, Real estate, Land law, Montgomery County Sheriff's Office, Sheriffs in the United States, Foreclosure, Auction, Tax sale, Property law

The online auction company contracted, Bid4Assets, has a long history of working with county tax collectors to conduct online tax foreclosure auctions, commonly known as tax sales, and is expanding into sheriff sales.

Key Points: 
  • The online auction company contracted, Bid4Assets, has a long history of working with county tax collectors to conduct online tax foreclosure auctions, commonly known as tax sales, and is expanding into sheriff sales.
  • Montgomery County sheriff sales occur on the last Wednesday of the month and the first online sale will be held on Oct. 28.
  • Auctions can be viewed at any time at www.bid4assets.com/MontcoPASheriff
    "We weighed the pros and cons of moving our sheriff sales online and found that there are numerous benefits with little downside for Montgomery County," said Sean Kilkenny, Montgomery County Sheriff.
  • "We're honored to work with the Montgomery County Sheriff's Office to conduct their sheriff sales online," said Jesse Loomis, Bid4Assets' CEO.

Atlanta Housing, The Benoit Group And Invest Atlanta Launch $40 Million Redevelopment of London Townhomes

Retrieved on: 
Tuesday, September 15, 2020
Government of Atlanta, Atlanta, Foreclosure, Land law, Real estate, Property law

ATLANTA, Sept. 15, 2020 /PRNewswire/ -- The Benoit Group, Atlanta Housing and Invest Atlanta have closed on the sale of former co-op community London Townhomes, preserving and renovating nearly 200 affordable housing units in southwest Atlanta.

Key Points: 
  • ATLANTA, Sept. 15, 2020 /PRNewswire/ -- The Benoit Group, Atlanta Housing and Invest Atlanta have closed on the sale of former co-op community London Townhomes, preserving and renovating nearly 200 affordable housing units in southwest Atlanta.
  • London Townhomes was a cooperative facing foreclosure when The Benoit Group stepped in and purchased the delinquent note.
  • Benoit then engaged Atlanta Housing and Invest Atlanta to map out the plan to finance the redevelopment and subsidize rents in the community that The Benoit Group's CEO, Eddy Benoit, believes will now become a catalyst for new development in the area.
  • Partnering with the City of Atlanta, HUD, Invest Atlanta, and Atlanta Housing allowed us to be creative and move forward with this $40 million redevelopment.

Toll Brothers Apartment Living® and JD Capital USA Announce Joint Venture to Develop 290-Unit Rental Community in Atlanta, Georgia

Retrieved on: 
Tuesday, September 8, 2020
Toll, Apartment, Condominium, Multi-family residential, Real estate, Land law

Charles Elliott, President of Toll Brothers Apartment Living, said, Motto is the third community and newest project Toll Brothers Apartment Living has started in the Atlanta market.

Key Points: 
  • Charles Elliott, President of Toll Brothers Apartment Living, said, Motto is the third community and newest project Toll Brothers Apartment Living has started in the Atlanta market.
  • 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.
  • Toll Brothers Apartment Living is the apartment development division of Toll Brothers, Inc. (NYSE: TOL).
  • Toll Brothers Apartment Living was ranked 11th largest apartment developer in the U.S. in 2020 by the National Multi-Family Housing Council.

Sunniva Inc. Reports On Trustee's Sale Of The Cathedral City Glasshouse To Bobs LLC

Retrieved on: 
Wednesday, September 2, 2020
Real property law, Land law, Attornment, English property law, Foreclosure, Sunniva, Corona, Cathedral City, California, Limited liability company, Bobs, Property law, Real estate

VANCOUVER, BC, Sept. 2, 2020 /PRNewswire/ --Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE: SNN, OTC Pink Sheets: SNNVF)reports that on September 1, 2020, a Unified Trustee's Sale was held in Corona, California whereby Bobs LLC, successfully foreclosed on the Cathedral City Glasshouse in Cathedral City, California which was owned by the Ramon Road Production Campus, LLC ("RRPC").

Key Points: 
  • VANCOUVER, BC, Sept. 2, 2020 /PRNewswire/ --Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE: SNN, OTC Pink Sheets: SNNVF)reports that on September 1, 2020, a Unified Trustee's Sale was held in Corona, California whereby Bobs LLC, successfully foreclosed on the Cathedral City Glasshouse in Cathedral City, California which was owned by the Ramon Road Production Campus, LLC ("RRPC").
  • Bobs LLC now becomes the sole owner of the Cathedral City Glasshouse and land and in turn, the landlord at the Ramon Road property.
  • Notwithstanding the foreclosure, CP Logistics LLC ("CPL"), a wholly owned subsidiary of Sunniva, remains the tenant in the Cathedral City Glasshouse under the existing Build to Suit Lease subject to the terms of the Lease and a Subordination, Nondisturbance and Attornment Agreement previously entered into between RRPC, Bobs LLC and CPL.
  • These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking information or statements.

Rental Concessions on the Rise as Rental Market Softens

Retrieved on: 
Tuesday, September 1, 2020
Real estate, Real estate valuation, Zillow, Land law, Real property law, Rental store, Landlord, Property

The share of rental listings on Zillow that advertise some form of concession rose from 16.2% in February to 30.4% in July.

Key Points: 
  • The share of rental listings on Zillow that advertise some form of concession rose from 16.2% in February to 30.4% in July.
  • Of the six types of concessions tracked in the Zillow study , free weeks of rent was by far the most common.
  • "In a softer rental market, landlords are trying to push the right button to bring renters into their space."
  • Without in-person tours in their toolbox, Pegasus has looked for new ways to add value for tenants beyond offering concessions.

More Homes In U.S. Fall Into Vacant Zombie Foreclosure Realm In Third Quarter Of 2020

Retrieved on: 
Thursday, August 27, 2020
Mortgage, United States housing bubble, Culture, Foreclosure, Real property law, Urban decay, Articles, Zombie, Land law

The third quarter analysis shows that about 216,000 homes are in the process of foreclosure, with about 7,960, or 3.7 percent, sitting empty as so-called 'zombie foreclosures.'

Key Points: 
  • The third quarter analysis shows that about 216,000 homes are in the process of foreclosure, with about 7,960, or 3.7 percent, sitting empty as so-called 'zombie foreclosures.'
  • The count of properties in the process of foreclosure (215,886) in the third quarter of 2020 is down 16 percent from the second quarter of 2020 (258,024).
  • But the percentage of those properties that have been abandoned as zombie foreclosures is up from 3 percent in the second quarter of 2020.
  • Despite the increase, the 7,961 zombie foreclosure properties continue to represent just a tiny portion - one of every 12,500 homes - of the nation's stock of 99.4 million residential properties.

CIM Group Tops Out Front & York, Residential and Retail Development in Brooklyn’s DUMBO Neighborhood

Retrieved on: 
Tuesday, August 25, 2020
Commercial Building & Real Estate, Construction & Property, Urban planning, Landscape, Specialty, Interior design, Restaurant, Bar, Food, Beverage, Retail, Residential Building & Real Estate, Real estate, Geography of New York City, Land law, Downtown Brooklyn, 432 Park Avenue, Midtown Manhattan, Park Avenue, Condominium, Dumbo, Brooklyn, Apartment, Mixed-use development

CIM Group announced today that it has topped out construction of Front & York, the 21-story, mixed-use, full-service luxury residential and retail project located at 85 Jay Street in Brooklyns DUMBO neighborhood.

Key Points: 
  • CIM Group announced today that it has topped out construction of Front & York, the 21-story, mixed-use, full-service luxury residential and retail project located at 85 Jay Street in Brooklyns DUMBO neighborhood.
  • When complete, Front & York will bring 150,000 square feet of new retail space, 408 residential condominium homes, and 320 rental apartments to this appealing neighborhood.
  • Residents will have access to an array of amenities, including one of Brooklyns largest landscaped private parks.
  • With this development, CIM is helping to serve the needs for new housing in a desirable neighborhood, centrally located near transportation.

Citycon announces several new municipality tenants to help serve the local community

Retrieved on: 
Monday, August 24, 2020
Real estate, Property, Land law, Citycon, Real property law, Commercial real estate, Leasing, Anchor tenant, Tenant, Leasehold estate

HELSINKI, Aug. 24, 2020 /PRNewswire/ -- During the first half year of 2020, Citycon has signed or agreed long term leases with municipality and health care tenants across the Nordics for a total of 10,900 square meters.

Key Points: 
  • HELSINKI, Aug. 24, 2020 /PRNewswire/ -- During the first half year of 2020, Citycon has signed or agreed long term leases with municipality and health care tenants across the Nordics for a total of 10,900 square meters.
  • We are happy to be able to provide accessible public services to make people's everyday life easier.
  • These are long term tenants and a significant part of our Citycon strategy says F Scott Ball, CEO at Citycon.
  • Citycon's strategy focuses on locally optimized urban hubs and a tenant mix which is heavily grounded on municipality and grocery anchor tenants to bring resilience to the portfolio.

Existing-Home Sales Continue Record Pace, Soar 24.7% in July

Retrieved on: 
Friday, August 21, 2020
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Land law, Real estate, Property law

The previous record monthly increase in sales was 20.7% in June of this year.

Key Points: 
  • The previous record monthly increase in sales was 20.7% in June of this year.
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in July, down from 3% in June up from 2% in June 2019.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.