United Wholesale Mortgage to buy Ultimate Soccer Arenas for another campus expansion in Pontiac

Pontiac-based United Wholesale Mortgage is buying the Ultimate Soccer Arenas property near its headquarters for yet another expansion of its corporate campus in the Oakland County seat.

The company, formerly known as United Shore Financial Services LLC, said Thursday that an affiliate is paying $23.3 million for the 378,400-square-foot building at 867 South Blvd., part of which will turned into office space for its growing staff and the remainder of which will be kept as indoor soccer fields.

It’s another big real estate move for UWM, which said in September that it intends to go public in a deal expected to be worth about $16 billion, not long after crosstown rival Rocket Companies Inc. (NYSE: RKT) announced its IPO.

UWM said it has added nearly 3,000 employees in 2020 alone, bringing its current workforce in Pontiac to more than 7,000. An estimated 2,000 people would work in the western portion

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United Church Homes becomes newest member of Link-age ownership group

MASON, Ohio, Oct. 29, 2020 /PRNewswire/ — Link-age Solutions, the group purchasing arm of the three interconnected companies of Link-age, has announced United Church Homes as the newest member of its ownership group. United Church Homes, headquartered in Marion, Ohio, owns or manages 75 communities in 14 states and two Native American nations that are home to over 4,000 older adults.

By joining Link-age, United Church Homes gains access to the value driven by its group purchasing, access to innovation, and ability to invest in new products and services focused on the aging population. Link-age Solutions and its network of suppliers will now provide food and dining services, medical supplies, office products, and more to United Church Homes communities across the country.

“We could not be more excited about United Church Homes becoming the newest member of our ownership group,” stated Scott Collins, chairman and CEO of

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Real Estate Rumors: Mater, Kylli, United Data Technologies

Law360 (October 26, 2020, 6:41 PM EDT) — Florida-based Mater Academy Foundation has purchased four buildings in Miami-Dade County from charter school company Academica for $42.7 million, the South Florida Business Journal reported Monday. The deal is for iMater Charter Middle and High School in Hialeah, a neighboring Hialeah building at 701 W. 20th St., Mater Academy East Charter School in Miami’s Little Havana neighborhood and the Mater Academy East Campus, which is also in Little Havana, according to the report.

Genzon Investment Group subsidiary Kylli Inc. is on the hunt for $750 million in financing for a Burlingame, California, office campus that’s fully leased to Facebook Inc., Commercial Observer…

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United Bankshares: Confident In The Q3 Results But Exposure To Commercial Loans Remains (NASDAQ:UBSI)

Introduction

United Bankshares (UBSI) still needs to report its Q3 results and ahead of the release (next week), I noticed the option premiums have reached interesting levels as market makers are bracing for the uncertainty surrounding the Q3 results. An excellent cue for me to have a look at how the bank performed in the first half of the year and how the bank’s risk management department has been dealing with the balance sheet.

ChartData by YCharts

The H1 results indicate a strong profitability

In the first half of the year, United Bankshares saw its net interest income increase as the interest expenses decreased at a much faster pace than the interest income. This even accelerated in the second quarter as although the interest income decreased by a little bit less than 0.5%, the interest expenses decreased by more than 40% resulting in a $20M expansion of the net interest

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United Country Real Estate Experiences Strong Growth in Montana

Butte, Mont., Oct. 14, 2020 (GLOBE NEWSWIRE) — United Country Real Estate, the largest seller of country, mountain, land, ranch and lifestyle real estate, is experiencing dramatic growth in Montana as demand for property outside the city continues to soar across the country. Over the last three months, the company has experienced three record-breaking sales months in its 95 year history. 

States like Montana, which offers less noise and congestion, a lower cost of living and more, are seeing tremendous interest from both local and out-of-state buyers looking for country homes, vacation homes, ranchland, recreational property, waterfront homes and other non-urban real estate. Montana offers a unique range of all of these highly desired property types.

Newspapers in Montana are reporting some areas seeing huge increases in real estate sales this year, with the Big Sky area reporting over $1 billion in real estate sales during the summer months alone.

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