Sam Zell, billionaire real estate investor, dies at 81
Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student.
With a marked price rise in April, Maine’s housing market may be heating back up
The lack of inventory still hampered sales, but bidding wars are starting to resume and prices increased by more than 6%.
Sale closed in Hadley: $765,000 for a five-bedroom home
Hao Zhang and Xiaolan Chen bought the property at 1 Nikkis Way, Hadley, from Stephen H Belgrad and Anne C Belgrad on April 28, 2023, for $765,000 which works out to $288 per square foot. The property features five bedrooms and three bathrooms. The unit sits on a 0.7-acre lot.
More housing heading to Bastrop
Wood Partners’ and SCOA Real Estate Partners’ Altla Blakey development will add nearly 350 apartments to fast-growing Bastrop.
Dirt continues to turn at huge new Lariat neighborhood
Tri Pointe Homes will add 334 homes to a total inventory of 1,692 single-family residences. The new neighborhood will be a game-changer for this area northwest of Austin. Also included with this report: ABJ’s latest list of the fastest-growing neighborhoods in the area.
ATCAP Partners Buys Eight Central Houston Industrial Buildings
ATCAP Partners has acquired an eight-building industrial portfolio in Houston. The Houston 610 Loop Portfolio was sold by Illinois-based management firm CenterPoint Properties for an undisclosed price and encompasses nearly 1.2 million square feet of industrial space. Per its name, the portfolio is situated along the Inner Loop, with five properties located near Pleasantville Area […]
Real estate transfers week of May 25
AURORA
Rad Pad: First-Ever FlatPak Kit Home Is Up for Grabs in Minneapolis for $999K
Architect Charlie Lazor built the modular home for himself in 2004. The owner is now listing the Minneapolis, MN abode for $999,000.
‘Selling Sunset’ Star Emma Hernan Teases New Villain on Season 6 of Netflix’s Real Estate Reality Series
The latest season of the show, premiering May 19, welcomes two new cast members: former model Bre Tiesi and longtime Oppenheim Group agent Nicole Young. “Everyone will make their own opinions.”
TPG Ups Real Estate Presence With $2.7B Angelo Gordon Deal
On an earnings call in February, TPG CFO Jack Weingart said the company was looking to increase its “private real estate credit effort.” The Texas-sized private equity giant boosted that effort in a major way Monday, when it said it was buying Manhattan-based investment firm Angelo Gordon for $2.7 billion. Angelo Gordon is in two […]