Sunday, December 30, 2018
Friday, December 28, 2018
Monday, December 17, 2018
Monday, December 3, 2018
Saturday, November 24, 2018
Sunday, November 18, 2018
Sunday, November 4, 2018
Tuesday, October 23, 2018
Saturday, October 20, 2018
Wednesday, October 10, 2018
Tuesday, October 9, 2018
Monday, October 8, 2018
Thursday, September 13, 2018
Sunday, September 9, 2018
Thursday, September 6, 2018
Includes an Extended Timeline Pool Offering Targeting Smaller Investors
MCLEAN, Va., Sept. 06, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today an approximate $655 million non-performing loan (NPL) transaction, which is an auction of seasoned non-performing residential whole loans held in Freddie Mac's mortgage-related investments portfolio. The NPLs are currently serviced by Specialized Loan Servicing LLC.
The NPLs are being marketed via four pools: three Standard Pool Offerings (SPO®) and one Extended Timeline Pool Offering (EXPO®), which targets participation by smaller investors, including non-profits and minority or women-owned businesses (MWOBs).
Bids are due from qualified bidders by September 28, 2018 for the SPO pools, and October 16, 2018 for the EXPO pool. The sales are expected to settle in December 2018.
All eligible bidders, including private investors, MWOBs, non-profits and neighborhood advocacy funds are encouraged to bid. To participate, all potential bidders are required to be approved by Freddie Mac and must successfully complete a qualification package to access the secure data room containing information about the NPLs and to bid on the NPL pool(s). The bids are to be made on an all-or-none basis for any pool separately or for any combination of SPO pools together. The winning bidder will be determined on the basis of the economics of the bids, subject to meeting Freddie Mac's internal reserve levels, at Freddie Mac's sole discretion.
Advisors to Freddie Mac on the transaction are Wells Fargo Securities LLC, and The Williams Capital Group, L.P., a minority-owned business.
Freddie Mac's seasoned loan offerings are focused on reducing less liquid assets in an economically sensible way from the company's mortgage-related investments portfolio. This includes sales of NPLs, securitizations of re-performing loans (RPL) and structured RPL transactions. To date, Freddie Mac has sold $7 billion of NPLs and transacted $43 billion of RPLs consisting of (i) $27 billion via fully guaranteed PCs, (ii) $14 billion via Seasoned Credit Risk Transfer (SCRT) senior/sub securitizations, and (iii) $2 billion via Seasoned Loans Structured Transaction (SLST) offerings. Requirements guiding the servicing of these transactions are focused on improving borrower outcomes and stabilizing communities. Additional information about Freddie Mac's seasoned loan offerings is available at http://www.freddiemac.com/seasonedloanofferings/index.html.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
Wednesday, September 5, 2018
Friday, August 31, 2018
Wednesday, August 29, 2018
SHAFTER, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) -- Wonderful Real Estate announced that it has negotiated a lease with Ross Stores, INC (Ross) for 1,003,071 square feet of industrial space at 4100 Express Avenue in Wonderful Industrial Park (WIP), a fully-entitled 1,625-acre, world-class distribution center located in Shafter, California.
Wonderful Industrial Park is a rail-served industrial development entitled for 26 million square feet and currently has 7.6 million square feet of completed buildings. Shafter is 18 miles north of Bakersfield on CA-99 and about 20 minutes to Interstate 5 in California’s Central Valley.
“We are very pleased that Ross chose Wonderful Industrial Park for its expansion. They have enjoyed success here, as have other retailers, manufacturing and distribution companies because of the ready access to a dependable labor pool living within minutes of the park. Further, occupants of WIP have benefitted by having exceptionally large trailer and equipment parking space that has increased the efficiency of importing goods from the Ports of Los Angeles and Long Beach,” said Joe Vargas, President of Wonderful Real Estate Development.
The industrial park’s location allows access to 14 percent of the U.S. population within 300 miles and same-day delivery to 30 million Californians. It has a FedEx Ground hub onsite and a UPS ground hub in Bakersfield, CA with Meadows Field Airport located only seven miles away.
Ross has been an occupant of Wonderful Industrial Park since 2014 and currently owns a 1.7 million square foot distribution center located near 4100 Express Avenue. WIP is also home to corporate industrial users including Target, American Tire Distributors, Essendant, DMSI, MRC Global, and Formica. The park features an onsite rail yard with more than 17,000 feet of track to accommodate unit trains with direct access to Burlington Northern Santa Fe (BNSF) Railway’s mainline.
The Wonderful Company develops, manages and invests in a diversified portfolio of real estate, with a particular focus on office and industrial properties. Wonderful Real Estate and its affiliates have invested almost $2 billion since 2008 for commercial real estate development, facility improvements, processing equipment and real estate acquisitions.
Monday, August 27, 2018
Sunday, August 26, 2018
Sunday, August 19, 2018
Friday, August 17, 2018
Sunday, July 29, 2018
Sunday, July 22, 2018
The house where civil rights icon Rosa Parks sought refuge after fleeing the South amid death threats is scheduled for auction next week with a minimum bid of $1 million.
Sunday, July 15, 2018
Demand is unrelieved as supply shortages continue to impede home sales.
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.
Friday, July 13, 2018
Saturday, July 7, 2018
Thursday, July 5, 2018
Tuesday, July 3, 2018
Sunday, July 1, 2018
Monday, June 25, 2018
Saturday, June 23, 2018
Sunday, June 17, 2018
Sunday, June 10, 2018
Friday, June 8, 2018
Brandywine Homes to Hold Grand Opening at Bradbury, a Gated Community in La Puente, Calif., on Saturday, June 9
LA PUENTE, Calif., June 07, 2018 (GLOBE NEWSWIRE) -- Brandywine Homes will hold a grand opening at Bradbury, a new infill community in La Puente offering 45 single-family detached homes on 3.87 acres, on Saturday, June 9. Interested home buyers are invited to view the model homes from 10am to 6pm.
"With easy access to all the urban amenities of Los Angeles and the serenity and safety of a gated community, Bradbury is the perfect choice for young professionals and families," said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. "We're excited to show homebuyers these beautiful, timeless and low-maintenance new homes."
Bradbury is located at 747 Del Valle Avenue. The gated community, which includes a community recreation area, is offering two-story homes with three bedrooms and three bathrooms.
These stylish residences are designed with Spanish, Craftsman and Farmhouse architecture, and range in size from 1,843 to 2,087 square feet on 2,500-square-foot lots. The homes have great rooms, lofts, private yards, patios and two-car garages. The gourmet kitchens feature large islands with breakfast bars, and spacious master suites include large soaking tubs and walk-in closets.
La Puente, an up-and-coming city with a population of about 40,000, has very limited housing stock. The last new home housing tract was built almost 40 years ago, according to city officials. Close to Puente Hills Mall, Mt. San Antonio College, California State Polytechnic University, Pomona, the Dwight D. Eisenhower Golf Course and more, Bradbury offers convenient access to the 60, the 605 and the 10 freeways.
"Bradbury offers families a very rare opportunity to own a home in La Puente, which is consistently named one of California's safest places to live," Barisic said. "We don't expect these homes to stay on the market for long."
Interested homebuyers can receive more information about Bradbury here.
About Brandywine Homes
Brandywine Homes is a residential homebuilder based in Irvine, Calif., with over two decades of experience in developing challenging infill sites, revitalizing some of Southern California's oldest and most established neighborhoods. Founded in 1994, the family-owned and operated company has built or developed almost 60 small- and mid-sized infill communities totaling $1.1 billion in revenues. The company builds homes that respect and complement the heritage, values and architectural integrity of existing neighborhoods and the people who live there - making a positive contribution to the community. www.brandywine-homes.com. Social media: Facebook, Twitter, LinkedIn, YouTube and Brandywine Blog.
Reuters: Business News
National Commercial Real Estate News From CoStar Group
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