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Author Archives: Brittany Dunn

Joint Venture Acquisition Announced by Greystar and Praedium

Lincoln Shores, a 631-unit apartment property in St. Petersburg, Florida, was recently acquired in a joint venture by Charleston, South Carolina-based Greystar Real Estate Partners and The Praedium Group, headquartered in New York. ""We are pleased to be entering into our first joint venture with Greystar, an exceptionally experienced and dynamic organization, and we look forward to future opportunities with them,"" said David Dowell, VP at Praedium.

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Larry Goodman Appointed as President of Pinnacle Equities

The Pinnacle Family of Companies, an international real estate investment and management firm headquartered in Dallas, announced Wednesday that Larry Goodman, a former Morgan Stanley executive, has been named as president of the newly-formed Pinnacle Equities.

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Home Price Index Declines Further in November

On a year-over-year basis, national home prices, including distressed sales, declined 5.7 percent in November 2009, according to the LoanPerformance Home Price Index (HPI) by First American CoreLogic. This was an improvement from October's year-over-year price decline of 7.6 percent. However, on a month-to-month basis, national home prices in November declined 0.2 percent from October 2009.

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Florida’s Existing Home, Condo Sales Soar in December

According to the latest housing data released by Florida Realtors, both existing home and condo sales in the Sunshine State increased in December 2009. A jump in existing home and condo sales in December was reported in 17 of Florida's metropolitan statistical areas (MSAs), and a majority of the state's MSAs reported increased sales for 18 consecutive months.

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Arizona Real Estate Market Shows Signs of Recovery

The Arizona real estate market seems to be on the mend, according to recent data released by Fidelity National Title, a title insurance and escrow service company in Arizona, in partnership with The Cromford Report, an online statistical resource on the metropolitan Phoenix residential resale market.

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Launch of Springboard Announced

Built around a mission to bring new standards of quality to default servicing management, Springboard was recently launched through a joint venture by Kathleen Guerrette-Mitchell of KGM Consultants, LLC, and Terri Key-Cravens of Terrie Cravens Enterprises.

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New President Appointed to Pinnacle’s East Region

Pinnacle, an international real estate management firm headquartered in Dallas, recently named Glenn Rand as president of the company's East region, consisting of the Eastern seaboard from Florida to Maine. This appointment follows the departure of Judy Martin, who held the position for eight years.

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Two New Associates Named at Gerner & Kearns

Marc D. Dietz and John A. Engel were recently appointed as associates of Gerner & Kearns, Co., L.P.A., in its litigation, default services, and real estate practice groups, according to a recent announcement by the firm.

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National Auction Company Reports Success in Foreclosure Auctions

According to an announcement Tuesday by Irvine, California-based REDC, the company auctioned 654 properties in its four-day, seven-city live auction series January 21, 23, 24, and 25, producing $41.4 million in sales. ""We're very pleased with the results from the auctions,"" said Jeff Frieden, CEO of REDC.

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Launch of NMLS Consumer Access Announced by State Regulators

The Nationwide Mortgage Licensing System & Registry (NMLS), a mortgage licensing system operated by state financial regulators recently announced the launch of NMLS Consumer Access This fully researchable Web site allows the general public to view information concerning state-licensed mortgage companies, branches, and individuals currently licensed through the NMLS.

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