Category Archives: News

News about the U.S. real estate market and profession.

Sente Mortgage Announces Branch Opening in Rogers, Arkansas

Sente Mortgage Announces Branch Opening in Rogers, Arkansas

 

AUSTIN, TEXAS/ JANUARY 09, 2019 (STL.News)

Sente Mortgage, an Austin-based independent mortgage bank today announced the opening of its latest office in Rogers in Northwest Arkansas.

Since its founding in 2007, Sente Mortgage has opened a number of locations across Texas, and recently added a branch in Nashville, Tennessee. This will be Sente Mortgage’s first location in Arkansas, and with this newest opening, Sente Mortgage will expand its services to the residents of the Rogers area, with plans to add to its team of loan originators and production support staff.

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TMS Becomes Approved Ginnie Mae PIIT Buyer as it Rapidly Expands its Subservicing

TMS Becomes Approved Ginnie Mae PIIT Buyer as it Rapidly Expands its Subservicing

MELVILLE, N.Y./ JANUARY 09, 2019 (STL.News)

TMS, a national financial services and top correspondent investor, announced it is now an approved buyer of Ginnie Mae’s Co-Issue program, Pool Issued for Immediate Transfer (PIIT), rounding out the wide range of product offerings it offers its partners.

The approval allows TMS to buy pools at issuance, allowing partners to seamlessly sell whole loans, and serves as a continuation of the fintech company’s recent push to acquire and finance mortgage-servicing right transactions.

Continue reading TMS Becomes Approved Ginnie Mae PIIT Buyer as it Rapidly Expands its Subservicing at STL.News.

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Shea Concrete Products Hosts 5th Technical Engineering Seminar with a New Twist

Shea Concrete Products Hosts 5th Technical Engineering Seminar with a New Twist

 

AMESBURY, MASS./ JANUARY 09, 2019 (STL.News)

On November 14th, Shea Concrete Products of Amesbury, MA hosted the fifth and final 2018 Technical Engineering Seminar with focus on the ReCon Retaining Wall System. In an effort to add more value an installation demonstration was included to show attendees how efficiently the ReCon system goes together and flexibility options based on retaining wall block types. This was included as part of the manufacturing plant “hard-hat” tour.

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PENETRON Provides Fundamental Structures for Istanbul Mosque

PENETRON Provides Fundamental Structures for Istanbul Mosque

 

EAST SETAUKET, N.Y./ JANUARY 09, 2019 (STL.News)

Completed in December 2018, the new Maksem Mosque in Istanbul, Turkey, used Penetron crystalline technology to secure the above-ground and below-grade concrete structures from the area’s high-water table.

Taksim Square, located in Beyoğlu on the European side of Istanbul, is a major tourist area well-known for its restaurants, shops, and hotels, and is considered the center of modern Istanbul. Plans to erect a mosque at Taksim Square had been discussed for decades, with supporters arguing there are not enough Muslim places of worship close to one of the city’s busiest hubs.

Continue reading PENETRON Provides Fundamental Structures for Istanbul Mosque at STL.News.

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STAC Capital Management and Land Advisors Enter Into an Exclusive Agency Agreement to Source Model Home Sale Leaseback Transactions

STAC Capital Management and Land Advisors Enter Into an Exclusive Agency Agreement to Source Model Home Sale Leaseback Transactions

 

NEW YORK/ JANUARY 09, 2019 (STL.News)

STAC Capital Management (“STAC”) today announced an agreement with Land Advisors Organization (“LAO”), in conjunction with Land Advisors Capital (“LAC”), to be the exclusive agent to market STAC’s Model Home Sale Leaseback Program. STAC was formed in early 2018 by real estate finance veterans focused on residential property financing opportunities, including model home purchases, with a goal to purchase or finance over $1 billion of these assets.

Continue reading STAC Capital Management and Land Advisors Enter Into an Exclusive Agency Agreement to Source Model Home Sale Leaseback Transactions at STL.News.

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CSM Corporation Announces Alula To Lease 68,000 SF In Relocation To St. Paul

CSM Corporation Announces Alula To Lease 68,000 SF In Relocation To St. Paul

 

MINNEAPOLIS/ JANUARY 09, 2019 (STL.News)

Alula, the leader in smart security systems for dealers, has leased 68,000 square-feet at CSM Corporation’s Midway Innovation Center I in St. Paul. Alula will move from their current headquarters and production center in Hudson, WI to St. Paul.

Midway Innovation Center is located at the intersection of Highway 280 and Energy Park Drive.

The previous tenant was McAfee who vacated the building in May 2018.

Continue reading CSM Corporation Announces Alula To Lease 68,000 SF In Relocation To St. Paul at STL.News.

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YOTELPAD Brings Brand’s Smart Adaptable Design to Mammoth Mountain Ski Resort, Offering First Major On-Mountain Resort Living Opportunity in More than a Decade

YOTELPAD Brings Brand’s Smart Adaptable Design to Mammoth Mountain Ski Resort, Offering First Major On-Mountain Resort Living Opportunity in More than a Decade

 

MAMMOTH, CALIF./ JANUARY 09, 2019 (STL.News)

YOTELPAD Mammoth, the brand’s third U.S. location following the successful launches of Park City and Miami, is slated to break ground in Spring 2019. YOTELPAD Mammoth offers future buyers the opportunity to live within walking distance of the gondola and The Village at Mammoth, a four-season destination, and one of the country’s top ski resorts with one of the longest ski seasons in North America.

Continue reading YOTELPAD Brings Brand’s Smart Adaptable Design to Mammoth Mountain Ski Resort, Offering First Major On-Mountain Resort Living Opportunity in More than a Decade at STL.News.

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CorEnergy’s Mix of Institutional and Retail Investors Central to REIT’s Goals

Dave Schulte, president and CEO of CorEnergy Infrastructure Trust Inc. (NYSE: CORR), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Schulte said that a mix of roughly 60 percent institutional investors and 40 percent retail investors “goes to the genesis of our whole company,” noting that energy infrastructure assets are usually held by upstream producers or by midstream, master limited partnerships (MLP).

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Churchill Stateside Group Closes $12.89 Million HUD 221(d)4 Insured Loan

Churchill Stateside Group Closes $12.89 Million HUD 221(d)4 Insured Loan

 

CLEARWATER, FLA./ JANUARY 09, 2019 (STL.News)

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of Springwood at Allen, a 92-unit new construction market rate community, located in Allen, TX.

CSG through its subsidiary Churchill Mortgage Investment LLC (CMI), provided a $12,894,500 insured loan pursuant to the U.S. Department of Housing and Urban Development (HUD), Section 221(d)4, for construction of multifamily market rate properties.

Continue reading Churchill Stateside Group Closes $12.89 Million HUD 221(d)4 Insured Loan at STL.News.

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