Philadelphia’s Tioga-Franklin Savings Bank has become the nation’s fifth bank failure of the year. The $68 million-asset Black-owned bank was closed on Friday by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corp....
The Dallas-based multifamily investment firm Knightvest Capital has acquired a portfolio of three multifamily communities totaling 1,027 units in the Austin suburb of Round Rock, Texas. The acquisition, which represents the 20th investment in Knightvest’s Fund...
First American Home Warranty, a subsidiary of First American Financial Corporation (NYSE: FAF), has hired Jason Gritters for the newly role of chief revenue officer. In his new position, Gritters will lead First American Home Warranty’s real estate line of business...
Taylor Hospitality, a Waynesboro, Virginia-based hospitality management company, has completed its acquisition of The Blennerhassett, the 1889 landmark hotel in downtown Parkersburg, West Virginia. The 82-room hotel will be rebranded as The Blennerhassett, a Giovanni...
Brennan Investment Group, a private real estate investment firm focused on industrial properties, is expanding into the Phoenix with the appointment of Matt Field as senior vice president. Field brings approximately 15 years of commercial real estate experience, with...
The multifamily developer Thompson Thrift is now constructing Avira at Silver Comet Trail, a 319-unit community in the Atlanta suburb of Powder Springs, Georgia. According to the company, the new development will feature a mix of one-, two- and three-bedroom apartment...
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4
