Month: November 2017

Hanover and real estate investment co. buy Hermann Park apartment tower

Houston-based apartment company Hanover Co. and PGIM Real Estate, part of Prudential Financial Inc.’s businesses, formed a joint venture to buy an apartment tower across from Houston’s Hermann Park.  The JV bought Mosaic at Hermann Park, a 29-story, 396-unit apartment community on 2.35 acres at 5925 Almeda Road, according to a press release. The property …

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Looking ahead to the 2018 housing market

Inventory shortages could begin to ease in certain markets in the U.S. Source: http://feeds.bizjournals.com/industry_21

Mortgage industry latest real estate sector to express alarm over GOP tax bill

The mortgage industry is the latest group to express concern over the proposed GOP tax plan From TRD New York: Add the mortgage industry to the list of groups concerned about the Republican tax plan. Industry leaders are worried that a provision in the Senate bill changing the time when lenders pay taxes on income …

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Exclusive: City settles lawsuit with 'harassed' East Austin homeowners; Case against homebuilder rolls on

Blake and Toria English moved from California to raise their family in Austin, but their lives took an ominous turn after they bought a new house in East Austin and discovered that city code enforcement officers had a problem with their home improvements. Here’s the latest on the lengthy saga, which the ABJ has followed …

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Oakland's new planning director talks about challenges and opportunities

William Gilchrist Oakland planning and building director Education: MIT master’s degree in architecture, MIT master’s degree in management, MIT  bachelor’s of science in design Experience: Director of place-based planning in New Orleans; director of planning and engineering in Birmingham, Alabama. Hobbies: Photography, drawing, music Residence: Downtown Oakland William Gilchrist joined Oakland’s government in September. He …

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RedSky scores construction loan for Cube Wynwyd

Rendering of Cube Wynwyd RedSky Capital closed on an $18.27 million construction loan for an office building it plans to develop in Wynwood, property records show. Bank of the Ozarks is providing the financing for Cube Wynwyd, an eight-story office building at 222 Northwest 24th Street. The project, with nearly 80,000 square feet of office …

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City Council to consider tax abatement for $57M Heritage Plaza project

The proposed tax abatement would come from the county and is valued at approximately $67,212 per year with a total of $672,129 over a 10-year period. Source: http://feeds.bizjournals.com/industry_21

Tucker Carlson sells D.C. home — and buys another nearby

Political commentator Tucker Carlson has sold his home in Washington, but the Fox News host isn’t going far. The conservative TV host and his wife, Susan Carlson, sold their 4,784-square-foot house in the District’s Kent neighborhood for $2.04 million in a deal that closed Sept. 29, according to public records. The couple has also bought …

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Triangle homes selling at 'historically' rapid rate

Home sales in the Triangle’s 16-county region were up nearly 4 percent in October, and the median sales price is 8 percent above the same time period last year. Meanwhile, the average number of days a home stays on the market sunk 10 percent to 44 on the year, compared to 49 at this point …

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Fannie and Freddie are fighting with the Trump administration over $7.7B

FHFA Director Melvin Watt From TRD New York: Fannie Mae and Freddie Mac owe the White House more than $7 billion, and the two entities are fighting over how to move forward. Officials from the Federal Housing Finance Agency say they want Fannie and Freddie to keep between $2 billion and $3 billion to protect them …

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