Residential Building & Real Estate

Floor & Decor Enters New York City Market With First-Ever Flagship at Liberty Bklyn

Retrieved on: 
Friday, May 3, 2024
Commercial Building & Real Estate, Construction & Property, Other Retail, Specialty, Interior Design, Home Goods, Architecture, Retail, Residential Building & Real Estate, Floor & Decor, Housing, Finance, Growth, Commerce, Multimedia, Mercedes-Benz, RSVP, Interior design

Located on the second floor at 850 3rd Avenue at Liberty Bklyn in Sunset Park, the 129,000 square foot warehouse-format store marks the company’s first official entry into the five boroughs.

Key Points: 
  • Located on the second floor at 850 3rd Avenue at Liberty Bklyn in Sunset Park, the 129,000 square foot warehouse-format store marks the company’s first official entry into the five boroughs.
  • View the full release here: https://www.businesswire.com/news/home/20240506572081/en/
    Floor & Decor located at 850 Third Avenue in Brooklyn, New York.
  • During the grand opening day, a ribbon cutting will take place at 12pm with Floor & Decor CEO, Tom Taylor, and the Brooklyn Chamber of Commerce.
  • For more information on Floor & Decor, please visit www.flooranddecor.com , or on Facebook ( www.facebook.com/flooranddecor ).

Wolters Kluwer’s new iLien ResiFixture™ gains traction in protecting interests for residential fixture collateral

Retrieved on: 
Friday, May 3, 2024
Technology, Construction & Property, Finance, Consulting, Banking, Accounting, Professional Services, Interior Design, Software, Residential Building & Real Estate, FCC, Risk management, Automation, Uniform Commercial Code, HVAC, Wolters Kluwer, UCC, Risk, Security (finance)

Wolters Kluwer Compliance Solutions’ introduction of iLien ResiFixture ™ is playing a critical step in helping lenders safeguard their interests for loans associated with fixtures physically attached to a residential property.

Key Points: 
  • Wolters Kluwer Compliance Solutions’ introduction of iLien ResiFixture ™ is playing a critical step in helping lenders safeguard their interests for loans associated with fixtures physically attached to a residential property.
  • “iLien ResiFixture provides residential lenders a simpler path to securing their fixture-related assets,” notes Vikram Savkar , Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions.
  • When it comes to securing fixture-related interests, lenders face numerous obstacles to achieving the needed level of protection.
  • “We are excited to be the first in the market to offer residential lenders this innovative, one-step filing solution that addresses these concerns,” says Savkar.

Investors Title Company Announces First Quarter 2024 Results

Retrieved on: 
Friday, May 3, 2024
Legal, Commercial Building & Real Estate, Insurance, Construction & Property, Finance, Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, Federal Reserve, Investment, Housing, Security (finance), Federal, Unemployment, Three Months, ITIC, GAAP, Growth, Fraud

Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024.

Key Points: 
  • Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024.
  • Income before income taxes increased to $5.8 million for the current year quarter, versus $1.6 million in the prior year period.
  • Chairman J. Allen Fine commented, “We are pleased to report favorable results compared to the prior year period.
  • These statements involve a number of risks and uncertainties that could cause actual results to differ materially from anticipated and historical results.

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

Retrieved on: 
Friday, May 3, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Asset Management, REIT, Appendix, Sale, Rate, Investment, AFS, HTM, REO, CECL, Operating cost, Acquisition, Trust, AOCI, GAAP, UPB, Bank

Our net interest income for the quarter ended March 31, 2024, excluding any adjustment for expected credit losses was $1.6 million, a decrease of $1.5 million over the prior quarter.

Key Points: 
  • Our net interest income for the quarter ended March 31, 2024, excluding any adjustment for expected credit losses was $1.6 million, a decrease of $1.5 million over the prior quarter.
  • Our interest expense for the quarter ended March 31, 2024 decreased $0.4 million compared to the prior quarter primarily as a result of a decrease in our average balance of interest bearing debt.
  • During the quarter ended March 31, 2024, we recorded a $3.1 million write-down on our beneficial interests.
  • We recorded $0.4 million in impairment on our REO held-for-sale portfolio in other expense for the quarter ended March 31, 2024.

KB Home Announces the Grand Opening of Its Newest Community in Desirable Buckeye, Arizona

Retrieved on: 
Saturday, May 4, 2024
Architecture, Environment, Residential Building & Real Estate, Commercial Building & Real Estate, Green Technology, Construction & Property, Landscape, Interstate Highway System, Recreation, Certification, Interstate 10, Water, Goodyear Ballpark, Spring training, KB Home, Bath, Multimedia, KB, Phoenix Goodyear Airport, Mangaung Oval

KB Home (NYSE: KBH) today announced the grand opening of its newest community, Mystic Vista Enclaves, in desirable Buckeye, Arizona.

Key Points: 
  • KB Home (NYSE: KBH) today announced the grand opening of its newest community, Mystic Vista Enclaves, in desirable Buckeye, Arizona.
  • View the full release here: https://www.businesswire.com/news/home/20240503770051/en/
    KB Home announces the grand opening of its newest community, Mystic Vista Enclaves, in desirable Buckeye, Arizona.
  • Every KB home is uniquely built for each customer, so no two KB homes are the same.
  • “We are pleased to offer Phoenix-area homebuyers spacious new homes in a prime Buckeye, Arizona location,” said Kevin McAndrews, President of KB Home’s Phoenix division.

Real Begins May With More Than 17,000 Agents Following Another Strong Growth Month

Retrieved on: 
Friday, May 3, 2024
REIT, Residential Building & Real Estate, Other Technology, Technology, Construction & Property, Hampton Roads, Real estate, Nielsen, MoJo, Kansas City metropolitan area, American City Business Journals, Minneapolis–Saint Paul, Private label, Estate agent

“April was another strong growth month for Real.

Key Points: 
  • “April was another strong growth month for Real.
  • We welcomed an amazing group of agents and teams who believe Real provides the platform for them to take their businesses to the next level,” said Real President Sharran Srivatsaa.
  • The Kansas City, Mo., relationship-based network comprises 32 agents who serve Missouri, Kansas, Arkansas, Colorado, Kentucky and Hawaii.
  • Kim ranks among the Top 1.5% of Real Estate Agents in the Real Trends America’s Best Real Estate Professionals.

The Future of PropStream is Here: New Features + AI Datasets

Retrieved on: 
Friday, May 3, 2024
Commercial Building & Real Estate, Technology, Construction & Property, Fintech, Professional Services, Software, Data Analytics, Other Construction & Property, Artificial Intelligence, Residential Building & Real Estate, UI, UX

Today, PropStream’s President, Brian Tepfer, announced that the future of real estate data has begun with a series of upgrades utilizing the power of Predictive Real Estate Data to pave the way for new features and proprietary AI predictive analytics.

Key Points: 
  • Today, PropStream’s President, Brian Tepfer, announced that the future of real estate data has begun with a series of upgrades utilizing the power of Predictive Real Estate Data to pave the way for new features and proprietary AI predictive analytics.
  • “Coverage, speed, and accuracy are the most important factors for real estate professionals who need data to make informed and timely decisions to find the best leads.
  • The data is beautifully displayed with our new UX/UI enhancements.
  • We are thrilled about the amazing lineup of upcoming AI-powered tools to streamline how to find your leads and use data.”

Redfin Report: The Pool of People Taking Out Mortgages In America Is Becoming Less White

Retrieved on: 
Friday, May 3, 2024
Residential Building & Real Estate, Fintech, Construction & Property, Professional Services, Brookings Institution, Bangladesh Technical Education Board, Fertility, Data, HMDA, Home Mortgage Disclosure Act, Death, Ageing, COVID-19, Growth, Real estate

While that’s a far higher share than any other group, it’s down from 64% in 2022 and 70.4% in 2018.

Key Points: 
  • While that’s a far higher share than any other group, it’s down from 64% in 2022 and 70.4% in 2018.
  • Meanwhile, the share of new mortgages taken out by Hispanic buyers increased to 14% in 2023 from 12.6% in 2022 and 11% in 2018.
  • “The pool of homebuyers taking out mortgages is becoming less white because America is becoming more diverse, and many people of color are in their prime homebuying years,” said Redfin Senior Economist Elijah de la Campa.
  • White people took out 1,582,643 mortgages in 2023, down 22.1% from a year earlier and down 31.3% from 2018.

CBRE Group, Inc. Reports Financial Results for First-Quarter 2024

Retrieved on: 
Friday, May 3, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, REIT, Public expenditure, Acquisition, CBRE, Sale, Engineering, Federation, AUM, Investment, Cryptocurrency

The in-process portfolio ended first-quarter 2024 at $18.8 billion, up $3.0 billion from year-end 2023.

Key Points: 
  • The in-process portfolio ended first-quarter 2024 at $18.8 billion, up $3.0 billion from year-end 2023.
  • Free Cash Flow – During the first quarter of 2024, free cash outflow was $560 million.
  • Stock Repurchase Program – The company did not repurchase any of its common stock during the first quarter of 2024.
  • There was approximately $1.5 billion of capacity remaining under the company’s authorized stock repurchase program as of March 31, 2024.

Balfour Beatty Communities Delivers Energy and Utility Projects in Support of Navy Energy and Climate Goals

Retrieved on: 
Friday, May 3, 2024
Environment, Construction & Property, Utilities, Military, Sustainability, Building Systems, Alternative Energy, Energy, Defense, Residential Building & Real Estate, Naval air station, Housing, Balfour Beatty, Energy Savings Performance Contract, Partnership, Water, Project, LED, ESPC, Quality of life, HVAC, NAVFAC, Renewable energy

As a key housing partner to the U.S. Navy, Balfour Beatty Communities , is pleased to announce the completion of two large-scale projects within the Company’s Navy housing portfolio in direct support of the Navy’s energy resilience and climate goals.

Key Points: 
  • As a key housing partner to the U.S. Navy, Balfour Beatty Communities , is pleased to announce the completion of two large-scale projects within the Company’s Navy housing portfolio in direct support of the Navy’s energy resilience and climate goals.
  • The 10.55 megawatt project is now fully operational and brings Balfour Beatty’s total solar projects developed for military housing to more than 40 megawatts.
  • Balfour Beatty Communities also recently completed a development project for a $31 million Energy Savings Performance Contract (ESPC) bringing energy and water efficiency improvements to the housing communities at 11 Navy installations in the southeastern U.S.
  • Balfour Beatty Communities will finance, develop, build, renovate, and operate these projects for at least 50 years.