Grossman Cos. & Summit Development Move Ahead with $68 Million Chappaqua Crossing (NY) $68 Million Chappaqua Crossing: A Joint Venture of The Grossman Companies and Summit Development in New York’s Westchester County High-end, 19-Acre Retail Center Is Located on Former Readers Digest World HQ Quincy, MA / Southport, CT / Chappaqua, NY — In one of the largest ground-up development projects in its 40-year commercial real estate history, The Grossman Companies, Inc., based in Quincy, Mass., has partnered with Summit Development of Southport, CT, to develop a high-end 120,000 square-foot, $68 million retail development on 19 acres at 480 Bedford Road, part of the long-time, former Readers Digest world headquarters. The entire site consists of 114 acres. The sale was consummated on April 14, 2017. The announcement was made by Grossman Companies’ Co-President Jake Grossman and Felix Charney, Principal of Summit . Chappaqua Crossing will be ready for its anchor150
Survey: Majority of Americans Mistakenly Believe That a Standard Home Insurance Policy Covers Flood Damage
‘Home Insurance Misconceptions’ Study Dispels Myths on Floods, Dog Bites and Stolen Car Items— AUSTIN, TEXAS — Think you have an accurate understanding of what your home insurance policy does and doesn’t cover? Well, based on new data, chances are … you don’t! And you’re far from alone. In a March 2017 survey commissioned by insuranceQuotes, 56% of respondents mistakenly believed that a standard homeowner’s policy covers flood damage. For millennials ages 18 to 36, the percentage rose to 67%. “Being misinformed about your home policy can be an extremely expensive mistake — especially when a few inches of water in a 1,000 square-foot home can easily cost over $10,000 in repairs,” said Laura Adams, senior insurance analyst at insuranceQuotes. “There are a number of widespread myths ranging from coverage for dog bites to items stolen from your car that frequently trip up policyholders.” Consumers may overestimate their coverage when150
The Importance of Mastering Your State of Mind in Commercial Real Estate Brokerage
The Importance of Mastering Your State of Mind in Commercial Real Estate Brokerage More
California Tuffest for First Time Home Buyers
California ranks as the toughest state for first-time homebuyers for several reasons, including low home affordability (#49), availability (#49) and U-35 homeownership percentage (#49), as well as high millennial unemployment (#41). Iowa, on the other hand, is the easiest state due in large part to the most affordable home prices in the country. The Hawkeye State also graded highly for U-35 homeownership (#2) and millennial employment (#10). Utah, Minnesota, Kansas and Missouri comprise the rest of the five easiest states for first-time homebuyers. Rank State Total score Housing affordability Job market for young adults Housing market tightness Credit availability Homeownership among millennials 1 Iowa 40.32 10.00 7.55 5.60 7.53 9.64 2 Utah 40.16 6.55 9.33 5.88 8.85 9.55 3 Minnesota 39.60 8.66 7.85 3.75 9.34 10.00 4 Kansas 38.11 8.18 7.67 7.02 8.33 6.91 5 Missouri 38.10 8.71 6.01 8.26 7.67 7.45 6 North Dakota 37.66 8.39 10.00150
Carson is Hud Secretary
Or it takes a brain surgeon to run HUD. Ben Carson Confirmed as HUD Secretary by Jon Boughtin By a vote of 58-41, the U.S. Senate confirmed Dr. Ben Carson today as the next Secretary at the Department of Housing and Urban Development. National Association of Realtors® President William E. Brown laid out the challenges that lie ahead, saying Realtors® look forward to working with Secretary Carson to advance home ownership and real estate investment across the country. Here’s what Brown had to say following the vote: Dr. Carson should be proud of his achievement. The task at hand is a big one, and we applaud his commitment to the challenges that lie ahead. #BenCarson Approved as #HUD Secretary – blogged by @MsJennyb ⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ On Tuesday, the Senate Banking Committee approved of Dr. Ben Carson to oversee the Department of Housing and Urban Development, Politico reports. ⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀ The150
NAR: How to Buy a Home with a Reverse Mortgage
What is a Reverse Mortgage? A financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income. “unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues”
Considerations When Getting a Home Loan
When you decide to get a home loan, there are a number of costs that are involved. If you are fortunate, the seller of the home may agree to cover some of the expenses for you. Some of the expenses you will see when getting a home loan is the closing costs, prepaid items, and loan discount fees. Understanding these terms will make purchasing your next home easier. The closing costs are the expenses that the lender will charge borrowers for a new loan. While some of these fees may be a part of your loan application, others may involve the appraisal of the home. The lender may also charge you fees to process your application. All of these fees are placed together in what is called the closing costs. The borrower is likely to pay these costs, and they average about 3% of the total amount borrowed. Each state150
Modernize Your Garage
The new generation of garage doors are reasonably priced, safe and easy to install and they are no longer a convenience for only a select few. You should consider changing your garage door if it is too old or if it has an old motor or pulley system. The garage doors can be selected by the type of the chain System they use: screw-drive system, chain drive system or computer controlled system. The screw drive system has a mechanism that moves the length of a steel rod; it is a lifting mechanism that is mounted in your garage ceiling. The chain drive system is made of a chain that moves the door along a pair of tracks; this is the most common and affordable system but also has the disadvantage of being extremely noisy. The computer drive mechanism doesn’t use any screws or chains; the system’s body is mounted150
The Perks and Challenges of Owning a Home in Downtown LA
Owning a home in Downtown Los Angeles (DTLA) is an experience that is as unique as the city itself. It is a blend of the vibrant city life, rich cultural history, and the luxury of having everything within arm’s reach. However, like any other major city, living in Downtown LA comes with its own set of perks and challenges. One of the most significant perks of owning a home in Downtown LA is the convenience it offers. The area is a hub for business, entertainment, and culture, making it an ideal location for those who prefer a fast-paced lifestyle. With a plethora of restaurants, shopping centers, art galleries, and entertainment venues, there is always something to do or see. The city’s extensive public transportation system also makes commuting a breeze, reducing the need for a personal vehicle. Another advantage of living in Downtown LA is the rich cultural diversity. The150
