Real Estate https://www.benzinga.com/views/taxonomy/term/142057 en Housing Supply, Property Issues Highlighted in SDAR REALTOR® Hosted Debates for CA-50 and San Diego Mayor https://www.benzinga.com/pressreleases/20/02/n15389604/housing-supply-property-issues-highlighted-in-sdar-realtor-hosted-debates-for-ca-50-and-san-diego- <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">SAN DIEGO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- The Greater San Diego Association of REALTORS® (SDAR) and San Diego MLS hosted back-to-back candidate debates on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Friday, February 14</span>, for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">California&#39;s</span> 50th Congressional District and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">City of San Diego</span> Mayor. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Matthew T. Hall</span>, editorial and opinion director at The San Diego Union-Tribune, moderated both debates in front of a packed room of more than 300 people at the DoubleTree by Hilton Hotel.</p> <p xmlns="http://www.w3.org/1999/xhtml">With the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 3</span> primary election less than two weeks away, candidates in these high-profile races discussed issues most important to their region, including the housing supply, rent control and homelessness.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;The Greater San Diego Association of REALTORS® (SDAR) and SDMLS are proud to have supported this dialogue on the most important issues to our region, including housing and other property issues that are relevant to our members,&#34; said SDAR president <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Carla Farley</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">The first debate featured 50th Congressional District candidates <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Ammar Campa-Najjar</span> (D), business owner/educator; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Carl DeMaio</span> (R), taxpayer advocate/businessman; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Helen Horvath</span> (NPP), organizational development consultant; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Darrell Issa</span> (R), retired Congress member; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Brian Jones</span> (R), State Senator/business owner; and ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15389604/housing-supply-property-issues-highlighted-in-sdar-realtor-hosted-debates-for-ca-50-and-san-diego- alt=Housing Supply, Property Issues Highlighted in SDAR REALTOR® Hosted Debates for CA-50 and San Diego Mayor>Full story available on Benzinga.com</a></p> Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Sat, 22 Feb 2020 02:15:00 +0000 PRNewswire 15389604 at https://www.benzinga.com Miami Total Home Sales Jump Double Digits in January 2020 https://www.benzinga.com/pressreleases/20/02/n15389427/miami-total-home-sales-jump-double-digits-in-january-2020 <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MIAMI</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire-PRWeb/ -- Miami-Dade County total home sales surged double digits year-over-year in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 2020</span> thanks to a robust increase in mid-market and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1-million</span>-and-up transactions, according to the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MIAMI</span> Association of Realtors (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MIAMI</span>) and the Multiple Listing Service (MLS) system.</p> <p xmlns="http://www.w3.org/1999/xhtml">Pending sales, which are indicators of future closed sales and reflect demand, increased in January and have now risen in 10 of the last 12 months. In another indicator of strong local demand, months supply of inventory is down since <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 2019</span> for single-family and since <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 2019</span> for condos.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Low mortgage rates and homebuyers from tax-burdened states continue fueling <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> real estate,&#34; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MIAMI</span> Chairman of the Board Jorge L. Guerra Jr. said. </p> <p xmlns="http://www.w3.org/1999/xhtml">Miami Total Home Sales Jump 15.6% <br xmlns="http://www.w3.org/1999/xhtml" /><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> total home sales increased 15.6% year-over-year, from 1,607 to 1,857. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> single-family home sales increased 14.6% year-over-year, from 774 to 887. <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> existing condo transactions jumped 16.4% year-over-year, from 833 to 970.</p> <p xmlns="http://www.w3.org/1999/xhtml">A rise in mid-market and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1-million</span>-and-up transactions played an integral role in last month&#39;s increases. </p> <p xmlns="http://www.w3.org/1999/xhtml">Sales for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> single-family homes priced between <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$400K</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$600K</span> increased 32% year-over-year in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 2020</span> to 194 transactions. Sales for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> condos priced between <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$400K</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$600K</span> increased 52.5% to 93 transactions. </p> <p xmlns="http://www.w3.org/1999/xhtml">In the luxury market (<span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1-million</span>-and-up), <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> single-family homes jumped 34.5% to 78 transactions. Luxury <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> existing condos increased 6.5% to 49 transactions in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 2020</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">Dollar Volume Increases, Inventory Decreases <br xmlns="http://www.w3.org/1999/xhtml" />Single-family home dollar volume increased 16.1% year-over-year, from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$406.4 million</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$471.7 million</span>. Condo dollar volume rose 11.4% year-over-year, from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$353.7 million</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$393.9 million</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">Inventory of active listings has decreased the last five months for condos and the last six months for single-family. Months supply of inventory is down since <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">July 2019</span> for single-family and since <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 2019</span> for condos, reflecting strong demand. </p> <p xmlns="http://www.w3.org/1999/xhtml">With consumer confidence rising, unemployment low, job creation high and increased migration to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Florida</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami</span> real estate should enjoy steady growth.</p> <p xmlns="http://www.w3.org/1999/xhtml">According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 3.62% in January, down from 3.72% in December. One year ago, the commitment rate was 4.46%.</p> <p xmlns="http://www.w3.org/1999/xhtml">Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market. Of the 9,307 condominium buildings in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Miami-Dade</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Broward</span> counties, only 13 are approved for Federal Housing Administration loans, down from 29 last year, according to Florida Department of Business and Professional Regulation and FHA.</p> <p xmlns="http://www.w3.org/1999/xhtml">A new condo approval process could increase sales in the future. The new guidance, which went into effect in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">October 2019</span>, extends certifications from two ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15389427/miami-total-home-sales-jump-double-digits-in-january-2020 alt=Miami Total Home Sales Jump Double Digits in January 2020>Full story available on Benzinga.com</a></p> Residential Real Estate Retail Sales Press Releases Real Estate Retail Sales Press Releases Real Estate Benzinga Sat, 22 Feb 2020 01:00:00 +0000 PRNewswire 15389427 at https://www.benzinga.com Haute Residence Welcomes Bartron Real Estate Group To Its Exclusive Real Estate Network https://www.benzinga.com/pressreleases/20/02/n15389220/haute-residence-welcomes-bartron-real-estate-group-to-its-exclusive-real-estate-network <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">SANTA BARBARA, Calif.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire-PRWeb/ -- From <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Santa Barbara</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Montecito</span> to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Hope Ranch</span> and everywhere in between, Bartron Real Estate Group defines luxury living. With strong community connections and comprehensive knowledge of the high-end market, our award-winning team knows <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Santa Barbara County</span> and what makes it an incredible place to call home. We&#39;ve helped our clients successfully buy and sell chic oceanfront villas, sprawling mountaintop ranches, wine country estates and so much more.</p> <p xmlns="http://www.w3.org/1999/xhtml">Visit Bartron Real Estate Group&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2727695-1&amp;h=1163635208&amp;u=https%3A%2F%2Fwww.santabarbarahomes.com%2F&amp;a=https%3A%2F%2Fwww.santabarbarahomes.com%2F" rel="nofollow" rel="nofollow">https://www.santabarbarahomes.com/</a></p> <p xmlns="http://www.w3.org/1999/xhtml">The Bartron Real Estate Group team includes <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Lorie F. Bartron</span>, a 30-year real estate veteran ranked worldwide in the top ½ of 1% of all Berkshire Hathaway HomeServices agents; <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Elisa Bartron Hills</span>, ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15389220/haute-residence-welcomes-bartron-real-estate-group-to-its-exclusive-real-estate-network alt=Haute Residence Welcomes Bartron Real Estate Group To Its Exclusive Real Estate Network>Full story available on Benzinga.com</a></p> Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 23:50:00 +0000 PRNewswire 15389220 at https://www.benzinga.com Victoria City Council to Consider Heritage Designation for Victoria Press Building https://www.benzinga.com/pressreleases/20/02/n15388990/victoria-city-council-to-consider-heritage-designation-for-victoria-press-building <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">VICTORIA</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /CNW/ - Merchant House Capital has announced that on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 27, 2020</span>, Victoria City Council will be considering an application to designate the Victoria Press Building (the former Times Colonist Building at 2621 Douglas St.) a heritage building. </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> </p><p><a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/1093891/Merchant_House_Capital_Victoria_City_Council_to_Consider_Heritag_1.pdf?p=original" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1093891/Merchant_House_Capital_Victoria_City_Council_to_Consider_Heritag_1.pdf?p=pdfthumbnail" title="Victoria Press Building a Heritage Building? (CNW Group/Merchant House Capital)" alt="Victoria Press Building a Heritage Building? (CNW Group/Merchant House Capital)" /><br /> </a> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">With a history that predates the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">City of Victoria</span> and indeed, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span> itself, the Times Colonist has roots which go back over 150 years, while its various iterations over that period have been managed and edited ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15388990/victoria-city-council-to-consider-heritage-designation-for-victoria-press-building alt=Victoria City Council to Consider Heritage Designation for Victoria Press Building>Full story available on Benzinga.com</a></p> art commercial real estate Culture and Design entertainment Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 22:51:00 +0000 PRNewswire 15388990 at https://www.benzinga.com Step into a wonderland of style, craftsmanship, and elegance in one of the most coveted estates out-east with Tim Davis - Hamptons Luxury Market Leader https://www.benzinga.com/pressreleases/20/02/n15388488/step-into-a-wonderland-of-style-craftsmanship-and-elegance-in-one-of-the-most-coveted-estates-out- <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">WATER MILL, N.Y.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire-PRWeb/ -- There is little to be said of the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Hampton&#39;s</span> neighborhoods that comprise <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Water Mill</span> that hasn&#39;t been said before. Counting Mecox Bay and the Atlantic Ocean among its neighbors, tree-lined lanes as old friends and an elegance that can only be described as classic. It&#39;s easy to see why this tony enclave is so perennially popular. Despite such lauded expectations though, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Water Mill</span> does still have a surprise or two under her belt – and the estate known as Listowel is one of the most glittering.</p> <p xmlns="http://www.w3.org/1999/xhtml">Surrounded by more than 125-acres of sprawling farmland, with an interior pond and the bay beyond adding to the already breathtaking view. Listowel is a sparkling gem that pays homage to a casual, elegant, exclusive lifestyle, where understated glamour plays a starring role. Built in 2008, Listowel is the masterwork of an impressive collection of design talent that includes the architecture of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Kathleen McCoy</span>, the craftsmanship of Men at Work builders, the inimitable landscape architecture of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Quincy Hammond</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Daniel Romualdez&#39;s</span> interior design, sumptuous wall finishes by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Torie Burke</span> and a palate of inspired color choices by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Donald Kaufman</span>. &#34;The home itself is of incredible quality and architectural design.</p> <p xmlns="http://www.w3.org/1999/xhtml">The craftsmanship displayed therein is pure artistry and the way the interior walls and windows frame the views allows the light to reflect the outdoors like a frame from a camera or an exquisite painting,&#34; explains distinguished and exclusive broker <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Tim Davis</span>, Licensed Associate RE Broker for The Corcoran Group Real Estate.</p> <p xmlns="http://www.w3.org/1999/xhtml">Arriving at the estate through its resplendent gated entrance, guests are immediately greeted by the striking landscape. Graceful trees shade the spacious lawns with their aged canopies, meticulously-groomed gardens seem to burst with a cacophony of white roses, and geometric patterns carve classically laid out pathways. Clad in cedar, the estate is alive with depth and interest. Seven stone chimneys rise from the valley of peaks that create the dramatic roofline, round mullioned windows that peer into ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15388488/step-into-a-wonderland-of-style-craftsmanship-and-elegance-in-one-of-the-most-coveted-estates-out- alt=Step into a wonderland of style, craftsmanship, and elegance in one of the most coveted estates out-east with Tim Davis - Hamptons Luxury Market Leader>Full story available on Benzinga.com</a></p> Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 22:00:00 +0000 PRNewswire 15388488 at https://www.benzinga.com PREIT to Present at Citi 2020 Global Property CEO Conference https://www.benzinga.com/pressreleases/20/02/n15387996/preit-to-present-at-citi-2020-global-property-ceo-conference <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">PHILADELPHIA</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Pennsylvania Real Estate Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEI#NYSE" rel="nofollow">PEI</a>) today announced that <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Joseph Coradino</span>, Chief Executive Officer, and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Mario Ventresca</span>, Executive Vice President and Chief Financial Officer, will participate in a roundtable presentation at the Citi 2020 Global Property CEO Conference in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Hollywood, Florida</span>.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/329824/preit_logo.jpg" title="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at <a href="http://www.preit.com" title="www.preit.com" / rel="nofollow" />www.preit.com or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)" alt="PREIT has a primary focus on the ownership and management of differentiated retail shopping malls crafted to fit the dynamic communities they serve. The Company operates properties in 12 states in the eastern U.S. with concentration in the Mid-Atlantic and Greater Philadelphia region. The Company is headquartered in Philadelphia, Pennsylvania. More information about PREIT can be found at <a href="http://www.preit.com" title="www.preit.com" rel="nofollow">www.preit.com</a> or on Twitter or LinkedIn. (PRNewsFoto/PREIT) (PRNewsFoto/)"></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">The Company&#39;s roundtable presentation is scheduled for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Monday, March 2, 2020</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">10:20AM Eastern Time</span>. Individuals interested in listening to the presentation should log in to the audio webcast at the following URL:</p> <p xmlns="http://www.w3.org/1999/xhtml"><a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2727474-1&amp;h=1751499489&amp;u=https%3A%2F%2Fveracast.com%2Fwebcasts%2Fcitigroup%2Fglobalproperty2020%2F86106238266.cfm&amp;a=https%3A%2F%2Fveracast.com%2Fwebcasts%2Fcitigroup%2Fglobalproperty2020%2F86106238266.cfm" rel="nofollow" rel="nofollow">https://veracast.com/webcasts/citigroup/globalproperty2020/86106238266.cfm</a><br xmlns="http://www.w3.org/1999/xhtml" /></p> <p xmlns="http://www.w3.org/1999/xhtml">A replay of the audio webcast will ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15387996/preit-to-present-at-citi-2020-global-property-ceo-conference alt=PREIT to Present at Citi 2020 Global Property CEO Conference>Full story available on Benzinga.com</a></p> Conference Call Announcements PEI Press Releases Real Estate PEI US7091021078 Press Releases Real Estate Benzinga Fri, 21 Feb 2020 21:30:00 +0000 PRNewswire 15387996 at https://www.benzinga.com Invesco Mortgage Capital Inc. Announces 2020 Annual Stockholders Meeting https://www.benzinga.com/pressreleases/20/02/n15387810/invesco-mortgage-capital-inc-announces-2020-annual-stockholders-meeting <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ATLANTA</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE" rel="nofollow">IVR</a>) (the &#34;Company&#34;) today announced it will hold its 2020 Annual Meeting of Stockholders on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Tuesday, May 5, 2020</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">2:00 pm ET</span> at the Company&#39;s headquarters, located at 1555 Peachtree Street NE, 18<sup xmlns="http://www.w3.org/1999/xhtml">th</sup> Floor, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Atlanta, Georgia</span> 30309.</p> <div xmlns="http://www.w3.org/1999/xhtml" ...<p><a href=https://www.benzinga.com/pressreleases/20/02/n15387810/invesco-mortgage-capital-inc-announces-2020-annual-stockholders-meeting alt=Invesco Mortgage Capital Inc. Announces 2020 Annual Stockholders Meeting>Full story available on Benzinga.com</a></p> Banking/Financial Services Conference Call Announcements IVR Press Releases Real Estate IVR US46131B1008 Press Releases Real Estate Benzinga Fri, 21 Feb 2020 21:20:00 +0000 PRNewswire 15387810 at https://www.benzinga.com Blackstone Mortgage Trust to Present at the Citi 2020 Global Property CEO Conference https://www.benzinga.com/pressreleases/20/02/n15387733/blackstone-mortgage-trust-to-present-at-the-citi-2020-global-property-ceo-conference <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE" rel="nofollow">BXMT</a>) announced today that <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Steve Plavin</span>, Chief Executive Officer, will present at the Citi 2020 Global Property CEO Conference on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Monday, March 2, 2020</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">8:50 am ET</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">An audio webcast of the presentation will be available live on the Webcasts section of BXMT&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2727503-1&amp;h=3523822114&amp;u=http%3A%2F%2Fir.blackstonemortgagetrust.com%2Fwebcasts%2F&amp;a=http%3A%2F%2Fir.blackstonemortgagetrust.com%2Fwebcasts%2F" rel="nofollow" rel="nofollow">http://ir.blackstonemortgagetrust.com/webcasts/</a>. For those unable to listen during the webcast, a replay will be available on the website approximately an hour after the event.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">About Blackstone Mortgage Trust<br xmlns="http://www.w3.org/1999/xhtml" /></u></b>Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE" rel="nofollow">BXMT</a>) is a real estate finance company that originates senior loans collateralized by commercial real estate in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">North America</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Europe</span>, and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Australia</span>. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. We are externally managed by BXMT Advisors L.L.C., ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15387733/blackstone-mortgage-trust-to-present-at-the-citi-2020-global-property-ceo-conference alt=Blackstone Mortgage Trust to Present at the Citi 2020 Global Property CEO Conference>Full story available on Benzinga.com</a></p> Banking/Financial Services BX BXMT Conference Call Announcements Press Releases Real Estate BX US09253U1088 BXMT Press Releases Real Estate Benzinga Fri, 21 Feb 2020 21:16:00 +0000 PRNewswire 15387733 at https://www.benzinga.com Emerging Real Estate Private Equity Firm KONG Capital Raises $4 Million to Launch Company https://www.benzinga.com/pressreleases/20/02/n15387605/emerging-real-estate-private-equity-firm-kong-capital-raises-4-million-to-launch-company <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> Kong Capital LLC announces a raise of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$4 million</span> in seed money from investors throughout the U.S. The investor group includes leading real estate entrepreneurs as well as private equity and venture capital managers.</p> <p xmlns="http://www.w3.org/1999/xhtml">Kong Capital, based in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Austin</span>, focuses exclusively on strategic investment opportunities in the growing Senior Housing sector.  Led by CEO <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Coe Schlicher</span> and Principal <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Kate Ford</span>, the firm offers an innovative approach to developing and enhancing projects in this asset class. The Kong Capital team has a depth of experience across a range of industries, from healthcare to technology, making the firm uniquely qualified to source markets and to manage the operational complexities of Senior Housing. </p> <p xmlns="http://www.w3.org/1999/xhtml">Prior to founding Kong Capital, Mr. Schlicher worked with Titan Development where, in 2016, he launched Titan Development Real Estate Fund I. During this time, he served as Fund Manager, Principal, and ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15387605/emerging-real-estate-private-equity-firm-kong-capital-raises-4-million-to-launch-company alt=Emerging Real Estate Private Equity Firm KONG Capital Raises $4 Million to Launch Company>Full story available on Benzinga.com</a></p> Banking/Financial Services Venture Capital Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 21:10:00 +0000 PRNewswire 15387605 at https://www.benzinga.com The Gables at Monroe in Monroe Township is now in closeout https://www.benzinga.com/pressreleases/20/02/n15387004/the-gables-at-monroe-in-monroe-township-is-now-in-closeout <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MONROE TOWNSHIP, N.J.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire-PRWeb/ -- <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2727446-1&amp;h=987238678&amp;u=https%3A%2F%2Fwww.thegablesatmonroe.com%2F&amp;a=The+Gables%2C" rel="nofollow" rel="nofollow">The Gables,</a> a boutique community by <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2727446-1&amp;h=2316894492&amp;u=https%3A%2F%2Fwww.renaissanceprop.com%2F&amp;a=Renaissance+Properties" rel="nofollow" rel="nofollow">Renaissance Properties</a> in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Monroe Township</span> for those 55 and better, has announced that it is approaching closeout and only a handful of fully upgraded homes remain! Please see a Sales Associate for complete details and restrictions.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;With the Spring market fast approaching, now is the time to take advantage of the closeout pricing at the Gables before we are sold out,&#34; said <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Robert Adinolfi</span>, Chief Operating Officer at Renaissance Properties. </p> <p xmlns="http://www.w3.org/1999/xhtml">Among the available quick-delivery homes is the popular <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Belmont</span> model home located at 27 Traditions Place in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Monroe</span>. Listed at just <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$399,990</span>, the home highlights three-bedrooms, two-and-a-half baths, an attached garage and full height basement. With over <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$44,000</span> in upgrades, this <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Belmont</span> features an expanded patio; upgraded kitchen cabinets and countertops; an upgraded kitchen sink and faucet; upgraded ceramic throughout; upgraded stainless steel slide-in range package, upgraded carpet and padding, and first floor lighting package, and more. </p> <p xmlns="http://www.w3.org/1999/xhtml">All home designs at The Gables include a magnificent master bedroom, culinary dream kitchen, dining room, laundry room and great room all on the first floor, giving ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15387004/the-gables-at-monroe-in-monroe-township-is-now-in-closeout alt=The Gables at Monroe in Monroe Township is now in closeout>Full story available on Benzinga.com</a></p> Residential Real Estate Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 20:05:00 +0000 PRNewswire 15387004 at https://www.benzinga.com Pelorus Equity Group's Pelorus Fund Announces Record Year of Growth and Returns https://www.benzinga.com/pressreleases/20/02/n15386765/pelorus-equity-groups-pelorus-fund-announces-record-year-of-growth-and-returns <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEWPORT BEACH, Calif.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Pelorus Equity Group, a cannabis-focused investment bank that specializes in providing value-add lending secured by real estate assets, today announced record growth for Pelorus Fund, its cannabis-focused commercial real estate fund that lends on commercial buildings and allows for cannabis-related tenants. The fund reported its most recent Q4 distribution of 20.4% and 15.5% internal rate of return (IRR) for 2019. Launched in 2018, the Pelorus Fund targets real estate-based financing opportunities with properly licensed and established cannabis businesses that have the required state and local operating licenses and permits. Pelorus has secured more than <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$150M</span> in the pipeline for new cannabis-related closings this year. </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1093690/Pelorus_Equity_Group_Inc_Logo.jpg" title="Pelorus Equity ...</p></div><p><a href=https://www.benzinga.com/pressreleases/20/02/n15386765/pelorus-equity-groups-pelorus-fund-announces-record-year-of-growth-and-returns alt=Pelorus Equity Group&#039;s Pelorus Fund Announces Record Year of Growth and Returns>Full story available on Benzinga.com</a></p> Banking/Financial Services commercial real estate Corporate Expansion Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 19:30:00 +0000 PRNewswire 15386765 at https://www.benzinga.com Pro-growth agenda and positive outlook for capital markets highlighted at BTG Pactual CEO Conference 2020 https://www.benzinga.com/pressreleases/20/02/n15386294/pro-growth-agenda-and-positive-outlook-for-capital-markets-highlighted-at-btg-pactual-ceo-conferen <p xmlns="http://www.w3.org/1999/xhtml">SÃO PAULO<b xmlns="http://www.w3.org/1999/xhtml"> </b>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Progress on fiscal and tax reforms, the government´s privatization program and the outlook for capital markets were some of the themes debated at the panels and presentations of the 21st BTG Pactual CEO Conference, held on Tuesday (18) and Wednesday (19) in São Paulo. Over 3,000 people, including economists, investors, executives and clients of the bank, were present to closely follow the opinions of leaders, politicians and specialists from different areas of the market during the 2-day event.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1093739/Andre_Esteves___senior_partner_at_BTG_Pactual.jpg" title="André Esteves, senior partner at BTG Pactual" alt="André Esteves, senior partner at BTG Pactual" /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">André Esteves, senior partner at BTG Pactual, gave his view on the macroeconomic scenario, highlighting the positive outlook for Brazil. &#34;The market underestimates the fiscal gain that Brazil will obtain from the Pension Reform and the new level of interest rates. Year after year, we will see such a significant improvement in the fiscal situation, and this will be a positive newsflow that will still impact prices and that currently isn&#39;t being factored-in&#34;, he highlighted.</p> <p xmlns="http://www.w3.org/1999/xhtml">According to Esteves, the agenda now is entering the zone of productivity. &#34;The administrative reform has a relevant fiscal aspect and a little bit of productivity. The tax reform is more crucial in terms of productivity than fiscal aspects per se, but the two reforms are equally important&#34;, he highlighted.</p> <p xmlns="http://www.w3.org/1999/xhtml">The senior partner of BTG Pactual added that Brazil isn&#39;t qualified to grow via productivity, but is eligible to grow via stability. &#34;Growing between 2% and 3% in 2020 is feasible&#34;, he stated. In his opinion, a series of factors contribute to the optimism on the future: a relatively deleveraged economy, low (and sustainably low) interest rates, mild credit expansion and functional capital markets.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;The strong presence of companies and investors at the conference signals what is coming. This year we will witness a fantastic sequence – not in size, ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15386294/pro-growth-agenda-and-positive-outlook-for-capital-markets-highlighted-at-btg-pactual-ceo-conferen alt=Pro-growth agenda and positive outlook for capital markets highlighted at BTG Pactual CEO Conference 2020>Full story available on Benzinga.com</a></p> Banking/Financial Services trade shows Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 18:17:00 +0000 PRNewswire 15386294 at https://www.benzinga.com GO Mortgage Accelerates Loan Closings through Digital Automation https://www.benzinga.com/pressreleases/20/02/n15386147/go-mortgage-accelerates-loan-closings-through-digital-automation <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MILWAUKEE</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire-PRWeb/ -- GO Mortgage has introduced Electronic Closings (e-closings) to its borrowers. Utilizing the new technology, GO Mortgage homebuyers will now be able to digitally sign closing documents, minimizing the time, effort, and errors associated with signing on paper.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;In a rapidly evolving digital industry, most mortgage dealings are stuck in 20th-century models. E-closings is a step in the right direction for our digital-savvy buyers,&#34; said GO Mortgage President, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Chad Jampedro</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">In 2015, the &#34;Know You before You Owe&#34; study by the Consumer Financial Protection Bureau found a correlation between borrower empowerment and e-closings for mortgages. E-closing borrowers scored higher in their ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15386147/go-mortgage-accelerates-loan-closings-through-digital-automation alt=GO Mortgage Accelerates Loan Closings through Digital Automation>Full story available on Benzinga.com</a></p> Banking/Financial Services New Products/Services Press Releases Real Estate Press Releases Real Estate Benzinga Fri, 21 Feb 2020 18:00:00 +0000 PRNewswire 15386147 at https://www.benzinga.com Cargill Leases 70K SF at Codina Partners' Beacon Logistics Park https://www.benzinga.com/pressreleases/20/02/g15385303/cargill-leases-70k-sf-at-codina-partners-beacon-logistics-park <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>Coral Gables, Fla., Feb. 21, 2020 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=ykteUTV9umY9vDnb4Qz6UXdvhqK8IWtHBLCUUTeZ0xPu8p05RaaRqrY4fToYGc2iUAcFz3ML6-D_opv-w0IqY2NkbFvs29iJUnZ7aTASbS59nf_XEJLMTN6SECkDMSVraU2JsEscCxVtjhV0fL6u4mgytIks6PVumjIGd1rTESsEkht8pz0csmjSDfb4pbgTkvEYL-bH2b2HaIKu7pV3cJh-WQKKXzBbQHTzWpydSmKLCUcEIplPyKN50e5lWMusGmUzzElMku7wfQgWpjODtqx8MAJellCMB60UdvUDbm1MXdlwPmyxeeN-Xx6DcFZt3_FfvCXku7mR0N0Ok1MFpjB2s9y2kbqNxK-ySW4QOz4WiUdOXw8UXdnWDFdivAM-" rel="nofollow" target="_blank" rel="nofollow">Cargill</a>, the largest privately-held corporation in the United States by revenue, has leased 70,000 square feet in <a href="https://www.globenewswire.com/Tracker?data=34n1q2qyCw8cmjXDsTRWzBhprPMaIkpyTkTQDu99HnXB0LicpVLOymr0wVrh0CFI28zC4mRSA1RRWocVTSEuY3GuUYk16MznMm5Hgf-w7KqG3EcMzHSn2dG-7T0G5wF8rEmKcAHGLeLgDmhZpnbRbRYzahoR_oOwTztqphLm4ZAw6vErhEnQJ9TQG6zYmJKSvKrbBAZqSsnKnCclTqXPM3bHZDIAevIDK1nFHsSUvQMCRkYjt2K0h2UNjF7FKk-fxSkiR0Jr7zU5CGb-zoKvE4SN7eXZwHIdCNBKz1ZDvFgo9tmh-A9zz5pQPZ-lS39kSxX_rSDwU6CpzhiFryzv4eUcR01LQbIIz1RomZg534mpRcqGs9qZz41w2cP2lTrhdr1qBnQm-aQ5XmtqFF6cjg==" rel="nofollow" target="_blank" rel="nofollow">Beacon Logistics Park</a>- the new, Class A industrial park in Hialeah, Fla. developed by <a href="https://www.globenewswire.com/Tracker?data=sZTGe8x4LQyeSXA5ZuI3ESPczKS5qL2jTiDLhPCjrmkD9bJCtL_1n64Lqhz_Id6QLZ8izyXsiiuTenmAchNFyV2JBwHskdbd646W6JIRAvqTXbWwn8hz4TLAHrY_YWvbCyO9nC7fw4B1NlxSdC4tdfzKjEqMD6YJQC2EJMvc6DTRjEXOEgmRP7AdXYP7PiQvh1C4ge9V56dt0bh4opwG8jIGaToYpPGU_201CMqp8ChOBBB_8K_LAgPF-3Ynjku3ak8jUp62B43kGS5PVT-FTJK12n-9vwcqV-Sy8iYbMuGmXAKMVDLObL5t0E9II6tH4C463v0fU85eFv6QiA41AUUnB1R4M6e0A5hWCKkxM6HfoaZONizQC6ejeX_g7h6-" rel="nofollow" target="_blank" rel="nofollow">Codina Partners</a> and <a href="https://www.globenewswire.com/Tracker?data=jOu9nXogcjiJta2fJUriDxO38qCEWILjlrPcBYsTvGZ6yufw-HNVZGWZp4ehicHGnT9CnMZ1EEdQAS4bkO95cbkZxhCOUg_Tjxunl3A_LMGRuVflWusTOplsKrR8bZq3gDi-I19xpjv4umRIwNWl4HZb3O8w1y1v7CSuDFuVOJwoRIPdOUm6gAlpBnAcO-ClNsNwkptMBY-9f3Qb2-1c3ewXGut1z0p5ihYBrLarrg4HUk5Luaz6PgKphf3-WepSFE91SFgcXngFA387rJcJItSnFhKwTaw6ZyMrelw4lzmOdfSnBZCLjjOVlKSwBF7oCKQMFVncxo7Z6uxIQHH45Z8OneyufwV0B54KPkvkZ7txdSFkFJNcqj03TiTqUN3G" rel="nofollow" target="_blank" rel="nofollow">USAA Real Estate</a>.</p> <p>"We designed Beacon Logistics Park with companies like Cargill in mind, and we are privileged to have them as our first tenant at Beacon Logistics Park," said Armando Codina, Executive Chairman at Codina Partners. "I thank our team, including Fairchild Partners, on this transaction."</p> <p>Cargill will occupy more than half of its space for freezer space with the remaining space allocated for offices and cooler storage. With Cargill on the roster, Codina Partners and USAA Real Estate expect to attract additional businesses that have cold storage requirements. Cargill&#39;s major businesses include protein and animal health, food ingredients and applications, origination and processing, and industrial and financial services.</p> <p>The Cargill space at Beacon Logistics Park will be located in Building E, which totals 146,021 square feet and features a non-shared truck court, a building depth of 160 feet with a 60-foot speed bay and all the latest construction specifications required by tenants looking for a next generation facility. </p> <p>Once completed, Beacon Logistics Park, located at NW 145th Place and NW 107th Ave., will span more than ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/g15385303/cargill-leases-70k-sf-at-codina-partners-beacon-logistics-park alt=Cargill Leases 70K SF at Codina Partners&#039; Beacon Logistics Park>Full story available on Benzinga.com</a></p> News Partnerships Press Releases General Real Estate News Press Releases General Real Estate Benzinga Fri, 21 Feb 2020 16:35:54 +0000 Globe Newswire 15385303 at https://www.benzinga.com Fla.'s Housing Market: Closed and Pending Sales, Median Prices Rise in Jan. 2020 https://www.benzinga.com/pressreleases/20/02/n15384987/fla-s-housing-market-closed-and-pending-sales-median-prices-rise-in-jan-2020 <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ORLANDO, Fla.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">Feb. 21, 2020</span> /PRNewswire/ -- Florida&#39;s housing market started the year off on a positive track, with more closed sales, higher median prices, more pending sales and higher pending inventory in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 2020</span> compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 18,298 last month, up 17.9% from <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">January 2019</span>.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/178818/florida_realtors_logo.jpg" title="Florida Realtors logo (PRNewsFoto/Florida Realtors)" alt="Florida Realtors logo (PRNewsFoto/Florida Realtors)" /></p> </div> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Many of the same market conditions we saw over the past few months – like favorable mortgage rates, buyer demand and low inventories – have continued into 2020,&#34; said 2020 Florida Realtors President <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Barry Grooms</span>, a Realtor and co-owner of Florida Suncoast Real Estate Inc. in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Bradenton</span>. &#34;Lack of inventory continues to put pressure on home prices. However, new pending sales increased 12.4% for single-family existing homes last month and new pending sales for condo-townhouse units rose 14.3%.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Buying or selling a home often is a complex process, but a local Realtor who understands the market area can offer guidance and peace of mind.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">Statewide median sales prices for both single-family homes and condo-townhouse properties in January rose year-over-year for 97 consecutive months. The statewide median sales price for single-family existing homes was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$265,000</span>, up 6% from the previous ...</p><p><a href=https://www.benzinga.com/pressreleases/20/02/n15384987/fla-s-housing-market-closed-and-pending-sales-median-prices-rise-in-jan-2020 alt=Fla.&#039;s Housing Market: Closed and Pending Sales, Median Prices Rise in Jan. 2020>Full story available on Benzinga.com</a></p> analysis Banking/Financial Services Economic news Residential Real Estate trends Retail Sales Press Releases Real Estate Retail Sales Press Releases Real Estate Benzinga Fri, 21 Feb 2020 16:05:00 +0000 PRNewswire 15384987 at https://www.benzinga.com