Tralee Village Apartments is a 130-unit residential and retail complex located at 6955 Dublin Boulevard in Dublin. DUBLIN — A large apartment complex in Dublin has been purchased for more than $45 million, a deal that signals weakness in parts of the Bay Area residential real estate market. Dublin's Tralee Village Apartments have been acquired by an affiliate of Cityview, a long-established property investment and development company. According to documents filed June 18 with the Alameda County Recorder's Office, a City View affiliate has purchased the 130-unit apartment complex at 6599 Dublin Boulevard in Dublin for $46 million. “Tralee Village…
Author: Private Lending Agent
June 26, 2024 Mark Ferguson Last updated: June 28, 2024 by Mark FergusonI own two laundromats, a very small one in a small town and a medium sized one in a city of about 100,000 people. I love laundromats and they are a lot of fun, but they do have their challenges. The medium sized one is profitable, but the small one is still struggling after a year of improvements. I believe that small laundromats have potential, but the larger they are, the more likely they are to be successful. I work as a real estate investor and real estate…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. According to data from Zillow, interest rates on the most popular 30-year fixed mortgage averaged about 6.76% as of May 2024. The rate on the 15-year mortgage, which is also relatively popular, was 6.07%. Rates have been trending downward this month.Based on recent home price and mortgage rate data, the average monthly payment on a 30-year…
Having multiple purchase offers on your property is one of the best ways to ensure you get the highest price and best terms possible. If you price your home properly and there are multiple buyers looking for a home in that price range when you list it for sale, there's a good chance a bidding war will break out. But sometimes multiple buyers just aren't interested… It might seem then that bluffing that other buyers are interested might be a strategic move, but just like a bad hand in poker, bluffing that other buyers are interested can backfire spectacularly. Here…
Rising interest rates, tightening lending and flat rents in some parts of the country have real estate companies from California to Florida waiting on funding that may not come soon. +500 days the average apartment project takes from permitting to the construction phase (45% increase from 2019) Multifamily units set to start construction in April fell to 322,000, the lowest since 2020, as developers cut back on projects Robert Dietz, chief economist at the National Association of Home Builders, said deals and financing have dried up. Total apartment construction starts, 1,000 units: 322,000 April 2024 US Construction Spending Million Dollars:…
Image credit: PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, according to Bankrate's latest survey of lenders. Home prices hit record highs in late spring, inflation is slowing overall, and the Federal Reserve, at its latest meeting, hinted at just one rate cut by the end of the year. Current mortgage interest rates Loan Type Current 4 weeks ago 1 year ago 52 week average 52 week low 30 year 7.02% 7.09% 6.84% 7.22% 6.84% 15 year 6.39% 6.46% 6.24% 6.56% 6.13% 30 year jumbo 7.06% 7.19% 6.66% 7.16% 6.66% In this week's survey, discount points…
Nathan Benellahou, a 33-year-old broker-turned-real-estate investor, says now is a great time to buy a multifamily home in New York. Mr. Benelhau's property management company, NJB Management, just acquired two linked rent-stabilized apartment buildings on the Upper West Side for $42.8 million, according to city property records made public Tuesday.See also: IMC Equity Group buys Sunrise Office Park at discounted price of $25 million That's about a 35% discount from the $66 million that Darran Management CEO Andrew Lovelin paid for the buildings at 226 West 97th Street and 2568 Broadway in June 2018, according to property records. Lovelin did…
Saving money is an important habit and the foundation of a solid financial plan. But where you save your money matters, too. Savings interest rates today vary widely, but some of the best accounts offer annualized interest rates of 5% or more. Let's take a look at the best savings rates today and where to find them.What's the best savings interest rate today?Historically, interest rates on savings accounts have been high. However, traditional savings account interest rates pale in comparison to the interest rates offered by high-yield savings accounts.For example, the average interest rate on a savings account is just…
Whether you’re thinking about buying a home or are actually in the middle of your search, you’re likely keeping an eye on articles like this one from REALTOR Magazine that let you know when mortgage rates will drop (even if only temporarily). While a headline declaring interest rates back to the 3% range might be preferable, even a drop below 7% might look attractive. The reality is that interest rates will go up and down throughout your home search. They only really matter once you've found a home, you're ready to close the deal, and you're ready to lock in…
It was only six months ago that 29th Street Capital poached Jeff Day from Newmark, where he rose to become head of multifamily capital markets, citing his skills in distressed loans and collateralized loan obligations as the main reason he was hired away.That's not surprising given the challenges facing the Chicago-based multifamily investment firm, whose strategy of buying vintage, fix-it-up properties across the country has faced the hurdle of rising interest rates. Indeed, Day was hired as 29th Street's chief investment officer in January, but the firm's website now lists him as CEO.The loan servicing company has paused or delayed…