Real Estate News
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New property consultancy launches in Birmingham
A new property consultancy has launched in Birmingham led by an experienced development finance specialist. Anil Sehmi is behind Trust Financial which is aiming to work with developers on every stage of a property project including site identification, project team appointment, finance procurement and construction. The new business is part of Birmingham-based...[READ MORE]
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Holiday homes in Cotswold Water Park added to property management firm’s portfolio
A property management firm in Gloucestershire has added a development of luxury holiday homes within the Cotswold Water Park to its portfolio. Barnsdales has been appointed as the managing agent of Waters Edge, 27 three and four-bedroom properties set around a 28-acre lake in England’s largest wetlands nature reserve. Barnsdales said there are currently...[READ MORE]
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£160m turnover Leicester-based property management firm Bellrock sold
UK workplace and property management business Bellrock has been sold to a company connected to private investment advisory firm Sun European Partners. Sun European said one of its affiliates had bought the Leicester-based property management firm for an undisclosed sum. Bellrock is a big UK provider of property services with more than 1,000 property and...[READ MORE]
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Shipyard slams 'disaster' housing estate
The chief executive of Appledore Shipyard has expressed his concern over a North Devon housing development, calling the plans "a disaster waiting to happen". John Wood, CEO of Harland and Wolff, said the Baker Estates development on Wooda Road, Appledore, would create future issues for the business due to the new estate's drainage issues and proximity to the...[READ MORE]
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100 N. Main: Six development groups named as finalists to redevelop Downtown skyscraper
The finalists are 100 North Main Development Partners, led by Kevin Woods; Alexander Company, led by Joseph Alexander; Block Real Estate Services & Sunflower Development Group, led by Aaron Mesmer; Carlisle...[READ MORE]
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West Charlotte development lands a company headquarters as one of its first tenants
A $140 million adaptive-reuse project in the west side of Charlotte has signed its first three tenants. [READ MORE]
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‘More sellers are cutting their list price.’ Here’s exactly what economists and analysts think will happen to home prices in the next few months
Mortgage rates still remain near record lows — some 15-year rates are near 2% and some 30-year rates are below 3%, as you can see here — but many potential buyers, worried about the recent rise of home prices, aren’t sure if they should dip their toes into the housing market. So we asked economists and financial pros what they expected to happen to the...[READ MORE]
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Land deal paves way for another apartment building in Manchester
A plan for nearly 200 more apartments in Manchester took another step forward last week with the closing of the neighborhood’s latest land deal. Washington, D.C.-based Capital City Real Estate purchased a pair of surface lots at 15 W. 7th St., where it plans a 173-unit mixed-use building it’s calling the Manchester Commodore. The company paid...[READ MORE]
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Sen. Mitt Romney Sells California Beach House for $23.5 Million
U.S. Sen. Mitt Romney has sold his oceanfront villa in La Jolla, California, in an eight-figure deal that was first announced virtually. The Utah Republican and former Massachusetts governor scooped up $23.5 million in an apparent off-market deal for the property, according to documents recorded with San Diego County on June 30. Last month, during a virtual...[READ MORE]
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Ashford town centre support grant launched amid high vacancy rate
Cash would be made available for firms to cover 75% of the costs of bringing an empty unit back into use, and existing businesses can also seek a smaller grant of up to £3,000 to carry out improvements on their shop. In July the vacancy rate for business premises in Ashford town centre stood at 15.9%, higher than the nationwide average of 11.8%. Cllr...[READ MORE]
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