Wow House: $1.75M Italian-Style Estate In Tucson

TUCSON, AZ — This stunning $1.75 million property sits on over eight acres of land and is the perfect spot for a family.

The custom front gate in the driveway takes you past the outdoor palapa seating area. Nearby, the three-car garage is attached to the main house. But another four-car garage comes complete with space for an RV and an entire workshop with a car lift.

The main house features over 5,000 square feet of living space, including five bedrooms, a gum, an office and five bathrooms. Another bathroom can be found in the backyard by the pool. The updated, open kitchen features granite countertops, a huge island with a wine refrigerator, Viking appliances, a gas range and oven, a built-in SubZero refrigerator and freezer, and a walk-in pantry.

Past the gorgeous mountain views outside, the formal dining room sits next to the grand foyer and great room, which

Read More

Wow House: $4.8M Estate With Access To Exclusive Club

SCOTTSDALE, AZ — This nearly 9,000 square foot estate is located on over three acres of land with one of the best vantage points Desert Mountain has to offer.

Located in north Scottsdale, the home gives you access to Desert Mountain’s private club, with seven golf courses, seven clubhouses, ten dining venues and so much more. Membership for this exclusive club is not included with the purchase of the house but can be purchased separately. The Desert Mountain lifestyle is one to beat.

The property, designed by Lee Hutchison of Urban Design Group, contains two separate residences, which share a massive back patio. Both residences have use of the fireplace and a fire pit. The main residence is just over 6,500 square feet of living space and the guest residence, which the current owner uses as a game room, is over 2,200 square feet. Both are light, bright and timeless

Read More

Home inspections are a bargaining chip in Philly area’s hot real estate market

By now, home buyers in the Philadelphia region know they may have to pay above asking price to win bidding wars that have become more common this year, as inventory and interest rates remain low and buyer demand stays high.

Loading...

Load Error

But several times, Realtor Garrett Elwood’s clients offered “well over” the asking price, only to be rejected.

“We started to ask what happened,” said Elwood, who works with clients in Philadelphia and the Main Line for The How Group at Compass Real Estate. “And on a couple different occasions, an agent has told me, ‘Your offer was higher, but the other buyer waived inspections.’”

Before this year, that was something he remembers happening only one time, back in 2016. It used to be that people who skipped inspections were cash buyers and investors who planned to gut a property. Now, in the region’s decidedly seller’s market, real estate

Read More

‘Iconic’ Estate For $1.9M On The Market In North Haven

NORTH HAVEN, CT — This private iconic Blue Hills estate was originally constructed in 2001 and then “underwent a significant, thoughtful, meticulous expansion that seamlessly blended” the original house with the new addition in 2010, according to realtors. The home features more than 7,200-square feet of livable space. It has five bedrooms, six full and three half baths. The asking price is $1.9 million. See below for more details and visit Realtor.com here for additional photos.

  • Address: 44 Canterbury Way, North Haven, Connecticut
  • Price: $1,900,000
  • Square Feet: 7272
  • Bedrooms: 5
  • Bathrooms: 6 Full and 3 Half Baths
  • Built: 2001
  • Features: This private iconic Blue Hills estate was originally constructed in 2001 and then underwent a significant, thoughtful, meticulous expansion that seamlessly blended the original house with the new addition in 2010. One enters the flawlessly landscaped property through security gates to a welcoming circular drive that features an impressive columned
Read More

Want to know the future of OKC real estate? Check out this forecast

“As Oklahoma City weathers the COVID-19 crisis along with the state, nation, and world, there are significant changes underway in how people live, work, and play. The situation creates opportunities and challenges in commercial real estate. Despite an economic nosedive in March and April, the economy recovered in May and June as restrictions lifted and businesses reopened. Unfortunately, many cities and states have had to reimpose restrictive measures to curb the spread of the virus.

“Oklahoma City already was in the midst of a decade-long trend of moving away the oil and gas industry to create a diversified economy that includes aerospace, manufacturing, healthcare, and technology. Transactions still are being completed, albeit at a slower pace than in 2019, but as investors feel more confident in the market, they may hold off on deals, but many have not abandoned their plans.”

Energy still has an oversized impact, especially on the

Read More

Your Daily Digest for Real Estate Investing, 11/27/2020

Assessing the prospects for investments in assisted living, malls, and marijuana factories. Compare landlord apps, deciding between residential and commercial investing for newbies.

Today on Millionacres

Assisted Living Move-Ins Are Up – Is it a Good Time To Invest?

In October, assisted living and skilled nursing facilities reported an uptick in move-ins, according to the National Investment Center for Seniors Housing & Care. In fact, move-ins reached their highest level since March, and that’s despite the coronavirus pandemic.

Why it matters: Millionacres’ Maurie Backman explains why investors may want to sit tight for a year or two following the current pandemic and see what regulations come down the pike before putting money into properties that may become too expensive to operate for profit.

Will This Mall REIT Follow CBL and PREIT Into Bankruptcy?

Here’s a look at one that might end up following CBL & Associates (NYSE: CBL) and Pennsylvania

Read More

Real estate SPAC CBRE Acquisition Holdings lowers deal size by 13% ahead of $350 million IPO

CBRE Acquisition Holdings, a blank check company formed by CBRE targeting growth companies, lowered the proposed deal size for its upcoming IPO on Friday.

The Dallas, TX-based company now plans to raise $350 million by offering 35 million  SAIL (Stakeholder Aligned Initial Listing) securities at a price of $10. The company had previously filed to offer 40 million securities at the same price. Each security will now consist of one share of common stock and one-fourth of a warrant, exercisable at $11. Each security previously contained one-fifth of a warrant. At the revised deal size, CBRE Acquisition Holdings will raise -13% less in proceeds than previously anticipated.

The company is led by Chairman Robert Sulentic, who currently serves as CEO of CBRE and previously served as CEO of Trammell Crow; CEO and Director William Concannon, who currently serves as Global Group President of Clients and Business Partners

Read More

Atlanta-based real estate firm flips former Chatham Apartments building to SCAD – News – Savannah Morning News

The Atlanta-based real estate investment firm, QR Capital, sold the former Chatham Apartments building to the Savannah College of Art and Design last week for almost $39 million, according to the Savannah Agenda.

The investment firm bought the property in 2019 for $25.6 million from Jacksonville, Fla.-based Chatham Apartments, LLC. At the time, Daniel Malino of QR Capital told the Savannah Morning News that they planned to renovate the building with work concluding in late 2020 or early 2021.

According to the company’s website, they mainly seek to acquire, renovate and operate conventional multifamily and student housing projects.

The building, which was constructed in 1952, includes 233 units and many of the residents receive housing assistance. As noted in a recent City Talk column, the last of the residents had moved out of the apartment

Read More

Real Estate Brokerage Compass Taps Banks for IPO

(Bloomberg) — Compass, a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., has selected underwriters for a potential initial public offering, according to a person with knowledge of the matter.



a tall building in a city: A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016.


© Bloomberg
A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016.

The New York-based startup is working with Goldman Sachs Group Inc. and Morgan Stanley ahead of a listing that’s slated for 2021, said the person, who requested anonymity because the information isn’t public.

Loading...

Load Error

Representatives for Compass and Goldman declined to comment. A spokesman for Morgan Stanley didn’t immediately have a comment.

Compass was founded in 2012 by Ori Allon and Robert Reffkin, a Goldman alum who was once Gary Cohn’s chief of staff at the bank. It positions itself as a real estate firm that uses

Read More

3 Top Stocks From the Rebounding Real Estate Operations Industry

Despite the market mayhem in the recent quarters, the coronavirus pandemic has accelerated certain trends and created opportunities for growth of the Zacks Real Estate Operations industry. Further, the rising tendency of outsourcing of real estate needs by companies is opening up scopes, while technological investments are creating a competitive edge. Additionally, leasing and property sales volumes are likely to pick up amid hopes of a vaccine and as the uncertainty recedes, making FirstService Corporation (FSV), Redfin Corporation (RDFN) and eXp World Holdings, Inc. (EXPI) enriching industry picks.

However, growth of some of the constituent members of this industry might be challenging in the days to come amid the prevailing health crisis and the macroeconomic turbulence.

About the Industry

The Zacks Real Estate Operations industry comprises companies that provide leasing, property management, investment management, valuation, development services, facilities management, project management, transaction and consulting services, among others. Nonetheless, real

Read More