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NAR Comments on Appraisal Threshold

NAR submitted comments to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) on a the threshold for requiring an appraisal in commercial real estate transactions to $400,000 from the current level of $250,000. Original Source

Dallas Homeowners Can Now Get a Cash Offer from RedfinNow

Dallas Homeowners Can Now Get a Cash Offer from RedfinNow

Dallas Homeowners Can Now Get a Cash Offer from RedfinNow DALLAS/ Feb. 11, 2019 (STL.News) (NASDAQ: RDFN) — Redfin, a technology-powered real estate brokerage, announced that homeowners in the Dallas-Fort Worth metro area can now get a no-obligation cash offer for their home from RedfinNow, a convenient new way to sell a home. By selling […]

Lightstone Closes $187 Million Refinancing for ARC

  LONG ISLAND CITY, N.Y./ Feb. 11, 2019 (STL.News) National real estate investor and developer Lightstone today announced the close of $187 million in financing from Citibank for ARC, a 428-unit luxury rental property in the Dutch Kills section of Long Island City, New York. The building, which offers over 50,000 square feet of indoor […]

Commercial Credit, Inc. Forms Partnership with BDT Capital Partners

Commercial Credit, Inc. Forms Partnership with BDT Capital Partners

  CHARLOTTE, N.C./ FEBRUARY 11, 2019 (STL.News) Commercial Credit, Inc., an equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. and Commercial Funding Inc., has partnered with BDT Capital Partners, a merchant bank that provides family- and founder-led businesses with long-term, differentiated capital, who will be making a majority […]

Knowify Announces the Release of “The Construction Industry by the Numbers”

Knowify Announces the Release of “The Construction Industry by the Numbers”

  NEW YORK/ FEBRUARY 11, 2019 (STL.News) Knowify LLC, creator of the top-rated business software solution for specialty contractors and residential remodelers, has published a comprehensive infographic entitled “The construction industry by the numbers”. The global construction industry is massive, performing trillions of dollars worth of work annually and employing over 180 million people. Everywhere […]

Skyline Construction Expands Into New Markets

  SAN FRANCISCO/ FEBRUARY 11, 2019 (STL.News) After years of steady and intentional growth, Skyline Construction is expanding into both new markets and new sectors of the construction industry. Today it launches ACCEND Construction LLC in Chicago and Skyline Capital Builders LLC in the Bay Area as part of its plan to expand into major […]

Big Builders Like Brookfield Residential Choose Constellation HomeBuilder Systems as their Trusted Software Partner

Big Builders Like Brookfield Residential Choose Constellation HomeBuilder Systems as their Trusted Software Partner

  MARKHAM, ONTARIO/ FEBRUARY 11, 2019 (STL.News) Constellation HomeBuilder Systems is proud to be the strategic partner of choice for one of the largest home building companies in North America, Brookfield Residential. An industry leader for over 60 years, Brookfield Residential has reached #29 on the Builder100 list with over 1,677 U.S. closings in 2017. […]

Artificial Intelligence Powers Sustainable Building Operations at The Swig Company

  SAN FRANCISCO/ FEBRUARY 11, 2019 (STL.News) Gridium announced today its partnership with The Swig Company, owner and operator of landmark real estate assets across the county. The Swig Company lowers energy use & costs and streamlines sustainable building operations by investing in Gridium technology powered by Artificial Intelligence (AI). Real outcomes include satisfying workspace […]