Brookfield and Namdar plan to hand over keys to...
by By Keith Larsen on 2020-09-23 at 10:30 PM
Some mall owners have given up trying to revive their struggling malls and pay off their debt payments and are now seeking to hand over the keys to their servicers. Brookfield Properties and Namdar Realty are separately requesting they be allowed to give up their J.C. Penney-anchored malls to special servicers to avoid loan foreclosure, according to Trepp. The action is known as a […]
It’Sugar files for bankruptcy protection after...
by By Wade Tyler Millward Research by Jerome Dineen on 2020-09-23 at 10:00 PM
A Deerfield Beach-based candy chain is the latest retailer to file for bankruptcy protection due to Covid-19. It’Sugar, with about 100 candy stores in mostly tourist markets, has $500,000 in cash, with $6.2 million of secured debt and $10.4 million of unsecured liabilities, including unpaid rent, according to a press release. The company reported losses before income taxes of $8.4 million […]
United Wholesale Mortgage goes public with $16B...
by Staff on 2020-09-23 at 9:30 PM
United Wholesale Mortgage is merging with Gores Holdings IV, a special-purpose acquisition company, and preparing to go public in the biggest SPAC deal ever recorded. The deal will allow the lender to public at a valuation of more than $16 billion, setting a record for this type of blank-check deal, the Wall Street Journal reported. United Wholesale Mortgage will take a 94 percent stake in the […]
Home Builder Confidence Hits All-Time Record
by KCM Crew on 2020-09-23 at 10:00 AM
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of
The Cost of a Home Is Far More Important than the...
by KCM Crew on 2020-09-22 at 10:00 AM
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there
Is the Economic Recovery Beating All Projections?
by KCM Crew on 2020-09-21 at 10:00 AM
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the
Thinking About Buying a Foreclosure? - Lynchburg...
on 2020-09-24 at 8:30 AM
Thinking About Buying a Foreclosure? Lynchburg News and Advance
Mumbai: Realtor’s kin loses Rs 90,000 to cyber...
on 2020-09-24 at 6:24 AM
Mumbai: Realtor’s kin loses Rs 90,000 to cyber fraud Times of India
Local News: Simmons Realty thrives despite...
on 2020-09-24 at 5:02 AM
Local News: Simmons Realty thrives despite pandemic (9/24/20) Shelbyville Times-Gazette