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Many Owners May Underestimate Their Equity
A large number of home owners may be erroneously perceiving themselves as underwater on their mortgage, according to a new report.
Freddie: 3%-Down Loans Make Strong Debut
Freddie Mac reported a $4.2 billion total profit during the second quarter, citing a strong start to its new 3 percent down payment product....
Virginia Beach company to buy Providence Plaza for $26.2 million, eyeing development
A real estate company based in Virginia Beach, Va., is under contract to purchase the Providence Plaza mixed-use development and is looking at an adjacent lot for future development.
Armada Hoffler Properties Inc. is under contract to purchase the three-building complex for $26.2 million. Located at the corner of Providence and Sharon Amity roads in Charlotte, the 103,000-square-foot property is 97% occupied. It includes 54,000 square feet of office space and 49,000 square feet of retail space as…Great Spaces: Calvin Klein Buys Home with Catwalk
The renowned fashion designer and underwear guru Calvin Klein has snapped up a home in the Hollywood Hills for the totally reasonable price of $25 million. Located in the prestigious Bird Streets, Klein’s new contemporary spot features a floating catwalk entryway, as well as epic glass walls and soaring 13-foot ceilings. Designed by Paul McClean, […]
Dimensional Fund Advisors takes two floors at Fifth Third Center for East Coast HQ
Dimensional Fund Advisors has leased two floors at the Fifth Third Center building in uptown Charlotte.
The Texas-based investment firm announced last month that it would locate its East Coast regional headquarters in Charlotte, creating 316 jobs. Cousins Properties Inc., which owns Fifth Third Center, is working with DFA on the development of a new headquarters building in Charlotte that would deliver as early as the fourth quarter of 2018. Real estate sources say the company is targeting South…More States Break Previous Home Price Peaks
Fifteen states and the District of Columbia soared to new highs in home prices in June.
Commercial Sale Breaks Online Auction Record
The $96 million sale of the Manhattan Towers in an online auction has become the largest e-commerce transaction ever, according to Guinness...
Century 21 Sweeps Satisfaction Survey
In J.D. Power's 2015 Home Buyer/Seller Satisfaction Study, this franchise took home the gold across four categories of consumers, though there...
New Crop of Investors Lured to Farmland
Investors are flocking to farmland again, hoping to capitalize on what they view as a temporary slump in the agriculture industry that has pushed...