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October, 2020

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Posted by: | Posted on: October 31, 2020

Don’t Trash That Gourd! 11 Clever Things You Can Do With Leftover Pumpkins

While decorative gourd season may have spawned many memes, there’s no doubt that Americans go crazy for pumpkins in the fall, especially during the run-up to Halloween. In fact, according to the USDA, the U.S. produced more than 1.5 billion pounds of pumpkins in 2018. But what happens to those pumpkins when those jack-o’-lanterns are extinguished for good?

Before you fill your garbage bin with has-been giant squash, we’ve got some ideas for ways to recycle them. Check out these 11 ways to repurpose your pumpkins, and maybe you’ll be inspired!

1. Treats for backyard critters and birds

These days, we could all use more of the comical distractions of bushy squirrels scurrying about or perhaps the pretty songs of a nightingale to soothe our anxiety. Those jack-o’-lanterns are perfect for enticing (cute) backyard critters.

Uncarved pumpkins will work, too, but you can speed things up by cutting

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Posted by: | Posted on: October 31, 2020

Kennedy Wilson Makes $200M Multifamily Portfolio Investment

BEVERLY HILLS, CA—Kennedy Wilson revealed that it has acquired 880 units across three multifamily properties in an off-market transaction for $198 million. The communities expand Kennedy Wilson’s multifamily portfolio focused on institutional-quality, garden-style apartment properties in rapidly growing markets across the western United States.

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Posted by: | Posted on: October 31, 2020

6 DIY Bathroom Upgrades You Can Try

When budget matters, do-it-yourself bathroom upgrades can be a simple, low-cost way to dramatically improve your bathroom’s appeal. Here are six projects that you can do on your own without hiring a contractor or buying expensive equipment.

1. Install a plug-in towel warmer

  • Cost: About $60 (basic) to $700 (high-end).
  • Difficulty: Moderate.

A fluffy warm towel after showering is delightful, and with today’s plug-in towel warmers, you don’t need electrical skills to install one yourself. These warmers plug into your existing outlet, so all you’ll need is a drill, stud finder and a level to attach these fixtures to your wall.

With a huge choice of designs, materials and features, prices for towel warmers vary widely. While you can pay hundreds for a high-end plug-in towel warmer, more basic models go for as little as $60. Those with temperature controls and timers tend to fall on the more expensive

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Posted by: | Posted on: October 31, 2020

Four Potential Pitfalls of Buying New Construction in Today’s Market

Despite the pandemic, interest still remains for new construction, especially in the warehouse/logistics sector.

As the construction industry recovers from the initial impact of the pandemic, project volume is trending upward. There is still a market for new construction, especially in the warehouse/logistics sector, as well as a demand for large-scale renovations as investors seek value-add or opportunistic adaptive reuse projects.

If you’ve set your sights on a newly constructed or recently renovated building, don’t be fooled by the fresh exterior, updated finishes, and new systems. You may assume that new construction means reduced risk, and might even skip the Property Condition Assessment (PCA)—after all, what could go wrong on a brand-new building?

Unfortunately, plenty of problems can arise with recent construction—especially now, when builders are challenged with material and labor shortages as well as COVID-related delays. From an investment standpoint, investors in new buildings don’t anticipate significant Capital Expenditures

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Posted by: | Posted on: October 31, 2020

Dearth of Credit Starves Detroit’s Housing Market

DETROIT—Alter Road runs northwest along this city’s border. To the east is Grosse Pointe Park, an upscale suburb dotted with grand old mansions built in the auto industry’s heyday. To the west is the city of Detroit, lined with abandoned houses and empty lots.

On the east side of the street, getting a mortgage to buy a home is a breeze. On the west side, it is hardly worth trying.

Detroit is making a comeback after years of decline that led to a bankruptcy filing in 2013. But large swaths of the city are left behind, starved of the housing credit needed to revive them. No purchase mortgages were made last year in almost a third of Detroit’s census tracts, and fewer than five each in another third, according to data from LendingPatterns.com, a mortgage-data analysis tool.

The impact runs disproportionately along racial lines in the majority Black city. Detroit’s

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Posted by: | Posted on: October 30, 2020

Sale-Leasebacks Could be an Effective Tool for Schools

As the pandemic crunches schools’ budgets around the country, their real estate holdings may be a key to unlocking liquidity and reducing occupancy costs.

“The pandemic is fast-forwarding business models that were already pivoting to take into account declining enrollments, reductions in state funding, higher debt loads and more distance learning,” stated Andy Graiser, co-president of the Association of Governing Boards of Universities and Colleges on AGB’s webinar, Bolstering Liquidity by Optimizing Real Estate.

Schools such as Dowling College, the College of New Rochelle, Career Education Corp. and Kaplan University have lowered their occupancy costs by restructuring or terminating leases and boosted liquidity through structured sales and sale-leaseback transactions, according to Graiser

After a financial crisis dating to 2016 caused the College of New Rochelle’s debt service to swell, the school negotiated an interim campus leasing agreement with Mercy College and subsequent structured sale of the main campus. This followed

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