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Friday, September 25th, 2020

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Posted by: | Posted on: September 25, 2020

CREW Network Reveals 2020 Award Recipients

CREW Network recognized excellence and achievement in commercial real estate by honoring seven industry leaders with the organization’s Catalyst, Circle of Excellence and Impact awards on Sept. 18 at the virtual 2020 CREW Network Convention.

CREW Network’s awards programs recognize and celebrate extraordinary leadership and success in commercial real estate. Through these recognition programs, CREW Network provides a platform to recognize outstanding professionals and achievements in the industry. The awards categories and 2020 honorees follow. CREW Catalyst Award

The inaugural CREW Catalyst Award honors industry leaders—both male and female—who are committed to diversity, equity and inclusion in commercial real estate. This industry-wide award recognizes a senior-level executive who has consistently demonstrated a commitment to advancing women, serving as a catalyst for change in their company and throughout the industry.

The 2020 CREW Catalyst honorees are:

Janice O’Neill Senior Vice President, Global Head of Talent Management and Diversity, Cushman & Wakefield

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Posted by: | Posted on: September 25, 2020

Colony Capital Sells Hotel Portfolios in $2.8B Deal

Colony Capital has entered into a definitive agreement to sell six of its hospitality portfolios to Highgate in a deal valued at $2.8 billion, including $67.5 million of gross proceeds on a consolidated basis and the assumption of $2.7 billion in debt. The six portfolios consist of 22,676 rooms across 197 hotel properties.

The transaction is part of Colony’s shift to focus on digital infrastructure assets. “We are thrilled to be delivering on our commitment to dispose of non-core assets and harvest positive value for our hospitality business,” said Marc Ganzi, CEO of Colony Capital in prepared remarks. 

As part of the transaction with Highgate, Colony will transfer five of the six portfolios held in the hospitality segment and an approximately 55% interest in the THL portfolio held in the other equity and debt segment. The sixth portfolio in the hospitality segment, the Inland portfolio, is under receivership and is

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Posted by: | Posted on: September 25, 2020

Lessons From Listings Photos: How This House Sold in a Month During a Pandemic

It doesn’t matter how perfect your home is—if your listing photos don’t stand out, potential buyers won’t come by to take a look. In our series “Lessons From Listing Photos,” we dissect the smart updates sellers have made to their homes, and how their listing pictures highlight the home’s best assets.

There is no perfect time to sell a house—anyone who’s ever put a property on the market will tell you that. Sure, tradition tells us that selling in spring might be ideal. But at the end of summer? During a pandemic?

These extra obstacles didn’t stop the owners of a cute family home in Houston from putting up a “For Sale” sign. Perhaps their confidence came from knowing they’d made home improvements that would appeal to buyers. Regardless of their motivation, this sale

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Posted by: | Posted on: September 25, 2020

The Number of Americans Skipping Mortgage Payments Drops to Lowest Level Since April—but Some Borrowers Face Bigger Challenges

Fewer Americans are in forbearance on their mortgages now than in any point in the last five months. But that doesn’t mean borrowers — and the mortgage industry — are out of the woods yet.

The share of mortgages in forbearance dropped to 6.93% as of Sept. 13, according to data from the Mortgage Bankers Association. The trade group estimates that roughly 3.5 million homeowners are in forbearance plans that allow them to skip or make reduced monthly loan payments.

The overall percentage of loans in forbearance has fallen for months now as the economy has begun to recover from the lockdowns triggered by the coronavirus pandemic. But not all segments of the market have improved.

The drop in the forbearance rate is largely a reflection of improvements related to loans backed by Fannie Mae and Freddie Mac. The percentage of these loans in forbearance fell for the 15th consecutive

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