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MG Properties Acquires Denver Apartment Community for $76 Million

MG Properties Acquires Denver Apartment Community for $76 Million

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

MG Properties, a San Diego-headquartered real estate investment and management company, has completed the $76 million acquisition of Bear Valley Park Apartments, a garden-style community located in Denver. The closing marks MG Properties’ third multifamily...
AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The AARP Foundation announced it has joined a proposed class action lawsuit against Compu-Link (Celink), the nation’s largest reverse mortgage subservicer, and Reverse Mortgage Funding (RMF), formerly the largest reverse mortgage servicer nationwide. The case was...
Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022, across an average of roughly 11 projects. According to the 2023 State of Home Spending report published by Angi (NASDAQ:ANGI),...
Chris Hipps Named Texas Managing Principal for Cushman & Wakefield

Chris Hipps Named Texas Managing Principal for Cushman & Wakefield

by Phil Hall | Dec 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Cushman & Wakefield (NYSE:CW) appointed Chris Hipps as Texas managing principal. Hipps will start on Jan. 2 and will be based in Dallas. He will be responsible for leading Cushman & Wakefield’s advisory professionals across Texas as the firm further expands in...
Ashcroft Capital Adds South Florida Community to its Portfolio

Ashcroft Capital Adds South Florida Community to its Portfolio

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ashcroft Capital, a New York City-based multifamily investment firm, has acquired Elliot Cocoplum, a garden-style community located midway between Boca Raton and Fort Lauderdale in Florida. Birchstone Residential, Ashcroft Capital’s in-house property management...
Axos Closes Purchase of Two Loan Portfolios from the FDIC

Axos Closes Purchase of Two Loan Portfolios from the FDIC

by Phil Hall | Dec 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas-baed Axos Financial Inc. (NYSE: AX) announced that its wholly-owned subsidiary Axos Bank has completed the acquisition of two performing commercial real estate loan portfolios from the Federal Deposit Insurance Corp. (FDIC) at a purchase price equal to...
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