In a deal that shows the continuing strength in certain parts of the net lease sector, 17 7-Eleven properties on 17.373 total acres sold to a private buyer for $71.5 million. Camille Renshaw, CEO and Founder of B+E, the brokerage firm that announced the sale-leaseback deal on Wednesday, July 15, couldn’t reveal the private fund
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Horse Island, off the coast of West Cork, Ireland, sold for $6.3 million. Montague Real Estate A 157-acre private island off the southwest coast of Ireland has sold for 5.5 million euros ($6.3 million), despite the buyer never having actually visited. Horse Island was sold to an anonymous ultra-high-net-worth European buyer in July, following months
Swimply rental pool in Valley Stream, NY Leroy Jackson | CNBC The coronavirus pandemic has millions of Americans shut out of public pools this summer, and that has opened up a huge opportunity for one small start-up. Swimply has been compared to Airbnb and VRBO, because it’s employs a similar strategy, only for pools. Barely
To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation’s single-family homebuilders. Homebuilder sentiment jumped 14 points to 72 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. That is exactly where it was in March, before the pandemic hit the U.S. economy.
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters It almost doesn’t sound like news anymore: Mortgage rates fell to another record low last week, and that reinvigorated refinance demand. Homebuyers, however, took a step back. Total mortgage application volume rose 5.1% last week compared with the previous week,
Nearly four months after banks and federal agencies started offering a number of assistance programs aimed at giving Americans a break on their mortgages, about 4.1 million homeowners remain in forbearance plans. But that number is starting to shrink as more workers are called back to work, says Mike Fratantoni, chief economist for the Mortgage
Senior Advisor to the President Jared Kushner walks off Marine One at the White House after spending the weekend at Bedminster, New Jersey on June 14, 2020 in Washington, DC. Olivier Douliery | AFP | Getty Images President Donald Trump’s son in-law and senior advisor has decided to remain an investor for the time being
jeremyiswild People who need more cash in retirement these days might be considering a reverse mortgage. The offer is tempting. Homeowners who are age 62 or older can convert part of the equity in their home into cash instead of having to sell. But there are disadvantages, such as complexity of the loans and their significant
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