Peak Roofing Partners, a portfolio company of the private equity firm Exuma Capital Partners, has acquired Action Roofing, a South Florida-based roofing company. The financial aspects of the deal were not disclosed. Action Roofing was founded in 1986 and provides...
The median home price in California reached a new record high of $908,040 in May, up by 0.4% from April and up by 8.7% one year ago, according to new data from the California Association of Realtors (CAR). This marked the second consecutive month where the median home...
Home sales in Maryland totaled 6,627 units in May, a 3.4% decline from the 6,860 sales recorded one year earlier, according to new data from Maryland Realtors. This occurred while the level of units pending (houses under contract) grew by 2.1% to 7,094 units. While...
La Rosa Holdings Corp. (NASDAQ: LRHC) announced it has entered into a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, which operates under the name Red Door Title. Headquartered in Orlando, Red Door Title is a full-service escrow...
Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA), a $40.1 billion or 0.9% upswing from the previous quarter. Multifamily mortgage debt alone...
A New Jersey-based real estate investor pleaded guilty for his role in a multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. Aron Puretz was an employee of Apex Equity Group, a...
