Garland warehouse, Plano auto dealership among this week’s top commercial property transactions

Sales

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CanTex Tika Capital purchased a 162,685 square-foot industrial building at West Kingsley and Oakland Ave. in Garland. James Mantzuranis and Adam Jones with Stream Realty Partners brokered the sale with Hal Penchan and Matt Troutt with Altschuler and Co.

Rymill Investments has purchased a 4.2-acre property at the northwest corner of Preston Road and Bush Turnpike that was formerly used by Toyota of Plano. JEG Realty Ltd. sold the property. Larry Robbins of Capstone Commercial brokered the sale.

Rymill Investments sold a 30,000 square-foot warehouse at 10550 Plano road to a local investor. Larry Robbins of Capstone Commercial brokered the sale with Cole Sawyer of Sawyer Realty.

CCSC Partners LLC purchased a 17,311 square foot shopping center located at 1071 Country Club Drive in Mansfield. Troy Morgan of Structure Commercial negotiated the sale.

Platinum Mechanical purchased a 15,720 square-foot industrial building at 2625 Zelrich Ln. in Dallas.

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Zillow shares jump after online real estate company blows past estimates and provides optimistic forecast

  • Zillow reported better-expected-results for the third quarter and provided a fourth-quarter forecast that exceeded analysts’ estimates.
  • The stock rose after hours, extending its gains for the year.
  • “We believe these tailwinds are durable, supported by low interest rates and demographic shifts,” CEO Rich Barton said in his letter to shareholders.



a man wearing a suit and tie: Richard 'Rich' Barton, co-founder and CEO of Zillow Inc.


© Provided by CNBC
Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc.

Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter.

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A combination of record low mortgage rates and a pandemic-related trend towards remote work has led Americans to move and spurred a surge in existing home sales. Zillow provides inventory across the country along with technology that allows prospective buyers to shop for homes and take virtual tours.

Zillow reported third-quarter

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Man Allegedly Set Girlfriend on Fire with Accelerant and Cigarette, Then Bought a Bus Ticket to Mexico

Broward County Sheriff’s Office Noe Jimenez-Cortes

A Florida woman was burned on over 99 percent of her body and is not expected to survive her injuries, prosecutors say, alleging that her boyfriend had purposefully set her on fire before buying a bus ticket to Mexico.

The victim was not identified. But on Tuesday, the suspect, 40-year-old Noe Jimenez-Cortes, was ordered held in jail without bond following his arrest Monday night in North Lauderdale, reports the Sun-Sentinel and South Florida TV news station WPLG.

“The preliminary investigation reveals that Jimenez-Cortes poured an accelerant on the victim’s body and ignited the fire with a cigarette,” the Broward County Sheriff’s Office said in a news release.

The victim identified her alleged assailant to deputies. She was taken to the hospital in critical condition after a neighbor called 911 around 4:30 a.m. Monday reporting a woman’s cry for help, reports the sheriff’s office. The

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American Homes 4 Rent Reports Third Quarter 2020 Financial and Operating Results

AGOURA HILLS, Calif., Nov. 5, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) (the “Company”), a leading provider of high-quality single-family homes for rent, today announced its financial and operating results for the quarter ended September 30, 2020.

Highlights

  • Total revenues increased 4.2% to $310.8 million for the third quarter of 2020 from $298.3 million for the third quarter of 2019.
  • Net income attributable to common shareholders totaled $22.6 million, or $0.07 per diluted share, for the third quarter of 2020, compared to $23.5 million, or $0.08 per diluted share, for the third quarter of 2019.
  • Core Funds from Operations (“Core FFO”) attributable to common share and unit holders increased 6.7% to $0.29 per FFO share and unit for the third quarter of 2020 from $0.28 per FFO share and unit for the third quarter of 2019 and Adjusted Funds from Operations (“Adjusted FFO”) attributable
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IDEA Public Schools buys current building, land for new school | Business

Texas-based IDEA Public Schools has purchased one of its existing school buildings for $16.5 million and bought a 31.6 acre tract of land near Harding Boulevard for an undisclosed sum.

IPS Innovation LLC bought the school building at 7800 Innovation Park Drive in a deal that was filed last week with the East Baton Rouge Clerk of Court’s Office. The seller was New Schools for Baton Rouge, a non-profit that backs charter schools.

IDEA has operated a school at the Innovation Park site for two years and currently has 781 students in grades K through 4 and 6 through 8. The plan is to start construction on a high school at the site beginning in 2021.

IDEA said they bought the 73,000 square foot Innovation Park building in a move to refinance their property and lower the monthly rent.

IPS Enterprises Inc. bought the 31.6 acre tract off Plank Road

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House unveils budget plan, would dig into rainy day fund

BOSTON (AP) — The Massachusetts House is preparing to consider whether to dip even deeper into the state’s rainy day fund than what Gov. Charlie Baker has proposed when they debate a $46 billion state budget plan next week.

The budget proposal won’t include any new broad-based taxes, according to Democratic leaders in the House. Instead it will focus on areas like supporting students during the pandemic, enhancing food security and boosting substance addiction services, domestic violence and sexual assault treatment and prevention, and legal assistance.

“This is a crisis budget that pays bills but concentrates on those who are most in need of help,” Democratic House Speaker Robert DeLeo said Thursday.

The proposed spending plan also aims to increase assistance to renters, many of whom have struggled to pay rent after losing income during the coronavirus pandemic.

The plan would restrain courts from finalizing evictions if a tenant

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Zillow (Z) stock jumps on Q3 earnings

Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc.

Andrew Harrer | Bloomberg | Getty Images

Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter.

A combination of record low mortgage rates and a pandemic-related trend towards remote work has led Americans to move and spurred a surge in existing home sales. Zillow provides inventory across the country along with technology that allows prospective buyers to shop for homes and take virtual tours.

Zillow reported third-quarter earnings of 37 cents per share, excluding some items, on revenue of $657 million. Analysts had expected per share earnings of 11 cents on $572 million in revenue, according to Refinitiv. For the fourth quarter, Zillow expects sales of $709 million to $748 million, topping the average $683 million

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3 AI Stocks to Buy Regardless

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

If Wall Street hates uncertainty, it has a funny way of showing it. Still, looking past recent challenges, I think we can all agree on one thing — regardless of one’s politics, the trend for artificial intelligence looks great. And right now, three AI stocks are looking like decisive winners on their price charts.

A much-awaited presidential election has come and gone. Well … not entirely. Final results are being eagerly awaited by Republicans, Democrats and Jo Jorgenson voters alike. But the idea that Wall Street prefers clarity when it reaches into its pockets is looking highly overrated here.

Following Tuesday’s solid gains on an expected Joe Biden win, the S&P 500 and other major indices are at it again. Gains of around 1.75% have been improved upon into Thursday. And mind you, that’s despite a White House race where

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Real Estate Rumors: Finsight, Casa USA, True North

Law360 (November 5, 2020, 3:49 PM EST) — Capital markets-focused fintech firm Finsight has inked a deal to lease a full floor at 30-story 530 Seventh Avenue in Manhattan, Commercial Observer reported Thursday. The deal is for 8,800 square feet on floor 27 of the Garment District property that’s owned by Savitt Partners, according to the report. Finsight plans to move in December, Commercial Observer reported.

Real estate firm Casa USA Brokers is hoping to build five apartment buildings in Ojus, Florida, the South Florida Business Journal reported Thursday. The company is seeking to build a total of 172 apartment units west of a new Aventura, Florida, Brightline rail…

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