Articles by Jeremiah Jensen

Real estate firm FCP is ready to invest in Opportunity Zones

An early example of the deluge of capital slated for Opportunity Zones
The floodgates appear to be opening. FCP, a privately held real estate investment company, is ready to dole out capital for projects in or around Opportunity Zones. This is an early example of what could become an absolute landslide of capital pouring into the Opportunity Zones called for in the Tax Cuts and Jobs Act of 2017.
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Cushman & Wakefield grows Chicago business by hiring entire KIG multifamily team

Seeks to bolster its Midwest investment sales operations
Cushman & Wakefield hired Susan Tjarksen, Todd Stofflet and Jason Stevens to bolster its Midwest multifamily investment sales operations. Tjarksen, Stofflet and Stevens led KIG CRE’s multifamily institutional investment sales brokerage team and bring with them six of their team members: Laura Ballou, Jacob Albers, Daniel Falkenberg, Caleb Zielke and Brenda Cuellar.
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Norcom Mortgage starts eClosing and the digital mortgage marches on

Partnership with Pavaso offers customers eClosings, a common strategy in a tough market
The rush toward the digital mortgage is still in full force. Today, Norcom Mortgage just became the first Connecticut-based lender to offer fully digital closings. Norcom will use Pavaso’s digital closing platform to float its new eClosing process dubbed “Swift Sign.”
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WSJ: Lennar in talks to sell Rialto Capital to StonePoint Capital

The largest homebuilder in the U.S. is looking to offload noncore assets
Lennar is in advanced talks to sell its real-estate lending arm Rialto Capital to StonePoint Capital. According to the Wall Street Journal, the largest homebuilder in the U.S. is trying to shed weight in the face of headwinds dragging on the housing market’s performance.
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WSJ: Google exposed user data and didn't tell anyone about it

Google cited no record of data "misuse" as its justification for silence
Anonymous sources at Google revealed that the digital titan exposed the private data of hundreds of thousands of Google+ users and withheld the information regarding its slip-up for fear of public backlash, according to The Wall Street Journal. A software glitch in the social site gave outside developers potential access to private Google+ profile data between 2015 and March 2018.
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Zillow to launch buying and selling operations in Charlotte and Raleigh

Expands Zillow Offers to six markets
Zillow announced it is expanding its home buying and selling operations into Charlotte and Raleigh. The additions bring Zillow’s burgeoning home buying and selling operations to six markets nationwide. The program launched in Phoenix in April, then moved on to Las Vegas and Atlanta, with Denver set to open later this month.
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6 Questions with 6 HUD Executives, Ep. 2: Deputy Secretary Pam Patenaude

On the ground with disaster recovery
Who brings housing hope to those deeply impacted by natural disasters? Who will help the 117,000 FHA-backed homeowners of Puerto Rico? In the second episode of exclusive podcast series, 6 Questions with 6 HUD Executives, Editor-in-Chief Jacob Gaffney speaks with HUD Deputy Secretary Pamela Hughes Patenaude about disaster recovery, the impact of the opioid epidemic and the interconnected nature of the nation's housing policy.
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Stay Alfred raises $47 million in Series B

The short-term rental company has now raised a total of $62 million in funding
Stay Alfred, a short-term rental company that operates out of multifamily properties, just raised $47 million in its Series B funding round. Chicago-based real estate tech fund, Nine Four Ventures, led the round.
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D Magazine: Dallas needs to step up its affordable housing game

One of the nation's multifamily leaders is lagging in affordable housing, and the city is seeking change
One of the nation’s multifamily leaders desperately needs to step up its affordable housing production. According to a recent study from RentCafé, Dallas-Fort Worth delivered exclusively luxury units in the first half of 2018 and according to a report from D Magazine, the city is well behind its goal of adding 20,000 affordable housing units.
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Denver turns to "granny flats" to stave off affordability woes

An urban regeneration coalition in Denver is receiving backing from Fannie Mae to install ADUs in low-income neighborhoods
Auxiliary dwelling units could be the answer to helping low-income households afford to stay in gentrifying areas. According to a report by Donna Bryson from CNBC, the residents of a West Denver neighborhood are taking the affordability issues facing their neck of the woods into their own hands.
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