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April, 2020

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Posted by: | Posted on: April 30, 2020

Former Dolphins RB Ronnie Brown Sells Florida Mansion for a Cool Million

Former Miami Dolphins running back Ronnie Brown sold his home in Plantation, FL, at the end of January for a cool $1 million.

The star of the “wildcat offense” was in a hurry to hand this place off to a buyer. His haste was apparent from the listing details, which mention that the home was “aggressively priced for immediate sale.”

The now-retired running back purchased the home for $1,495,000 in July 2005—shortly after he was drafted by Dolphins with the second overall pick in the 2005 NFL Draft.

The home had been up for sale since June 2018, when it landed on the market for $1,329,000. The price was cut a couple of times over the years, and

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Posted by: | Posted on: April 29, 2020

Pending Home Sales Drop to Lowest Level Since 2011 as Coronavirus Takes Its Toll

The numbers: The index of pending home sales dropped 20.8% in March as the coronavirus pandemic took a significant bite out of real-estate activity, the National Association of Realtors reported Wednesday.

This represented the lowest level of pending sales since 2011.

The index measures real-estate transactions where a contract was signed but the sale had not yet closed, benchmarked to contract-signing activity in 2001. It serves as an indicator for existing-home sales reports in the coming months.

What happened: Compared with March 2019, signings were down 16.3% nationally.

On a monthly basis, pending sales dropped in every region with the West seeing the largest decline at 26.8%, followed by the Midwest (down 22%) and the South (19.5%). In the Northeast, contract signings only decreased 14.5%.

The big picture: While the coronavirus outbreak has not caused real-estate activity to stop entirely, it has put a major damper on what economists had

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Posted by: | Posted on: April 29, 2020

PGIM Names Sara Shank to Head Global Innovation

Sara Shank

NEW YORK CITY—PGIM Real Estate has hired Sara Shank as managing director and global head of innovation, based in its New York City office. Shank will lead the firm’s effort to advance investment decision-making and business operations around the world by harnessing data and technology in new ways.

PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. In this newly created role, Shank will work across PGIM Real Estate’s global debt and equity platform to bridge technological innovation and other macro trends affecting the real estate business, with the goal of driving exceptional outcomes for the firm’s clients, according to a prepared release.

She will be responsible for developing and implementing technology solutions and data strategies across investment, asset management, operations and client servicing. “Innovation has been a hallmark of our firm since

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Posted by: | Posted on: April 29, 2020

How to Master Some Home Improvement Skills During Your Quarantine Time

We scoured the internet and talked to home improvement pros about the online resources they recommend for the stuck-at-home DIYer to learn some new skills. 


Most of us are spending a lot more time at home these days—most of our time, in fact. Maybe we’re watching way too many home improvement shows (no judgment here!). But inevitably, we’re looking around our homes and thinking things could use a bit of sprucing up.

“People don’t have to do it; they want to do it,” says Dennis Gehman, owner of Gehman Design Remodeling in Harleysville, PA, and national treasurer of the National Association of the Remodeling Industry. “They’ve become tired of their bathroom or kitchen or whatever room.

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Posted by: | Posted on: April 29, 2020

Despite the Coronavirus, Net Lease Investors Still Have an Appetite for QSRs. Here’s Why.

Christopher E. Maling

Quick service restaurants continue to remain resilient during the COVID-19 pandemic. While overall sales are down across all dining sectors, QSRs have been the most popular restaurant choice for consumers looking to feed their families at a reasonable price during this challenging time.

Investors are taking note of how well QSRs have been performing in this unprecedented crisis, and I have seen a notable uptick in interest from those targeting the STNL category. It is hard not to argue that QSRs have historically performed well over past economic downturns and many are poised to come out of this crisis virtually unscathed, supplying investors with a stable, cash-flowing, and tangible investment—an asset that is increasingly difficult to pinpoint.

Despite the fact that national QSR chains are reporting an average dip in sales of about 25% according to the National Franchisee Association—the industry average for primary, secondary, and tertiary

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Posted by: | Posted on: April 28, 2020

U.S. Home-Price Growth Accelerated. Then Housing Market’s Momentum Was Hit by Coronavirus

Home-price growth accelerated in February to its highest level in more than a year, but the housing market’s momentum headed into the spring-selling season has been reversed in recent weeks by the coronavirus pandemic.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.2% in the year that ended in February, up from a 3.9% annual rate the prior month. February marked the highest annual growth rate since January 2019.

The data, which was released Tuesday, is the latest indication that the housing market was set for a robust spring-selling season before the pandemic due to a strong job market at the time and low mortgage rates.

Also on Tuesday, the Commerce Department reported that the homeownership rate ticked up to 65.3% in the first quarter, up from 64.2% a year earlier and the highest level since

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