Items Tagged with 'Mergers and acquisitions'

ARTICLES

  • Deasy Penner to buy out Podley Properties

    M&A activity continues to ramp up in the real estate industry as firms consolidate to compete
    Luxury real estate brokerage Deasy Penner will acquire Podley Properties to expand its presence in Southern California. The deal will create a sales force 300 strong spanning Southern California with an estimated annual sales volume of roughly $1.6 billion.
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  • News Corp’s Move acquiring Texas real estate startup Opcity for $210 million

    Company matches homebuyers and sellers with real estate agents
    Move, which is owned by media giant News Corp and operates Realtor.com for the National Association of Realtors, is about to grow its real estate empire by acquiring a Texas-based real estate technology startup that claims its technology can match qualified homebuyers and sellers with real estate agents in real-time. News Corp announced late Wednesday that Move is acquiring Opcity, which was founded in 2015, for $210 million.
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  • Burgeoning real estate giant Compass buying Pacific Union

    The real estate tech company just took over the biggest brokerage in California
    Growing real estate tech company Compass is buying Pacific Union, the fifth largest brokerage in the nation. Compass is serious about growth and has been on an absolute tear since raising a whopping $775 million in funding over the last few years. And now, the company is putting some of that money towards seriously growing its California business by acquiring Pacific Union.
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  • NXT Capital gets financial boost as ORIX completes acquisition of lender

    NXT’s real estate division funds multifamily, office, student housing, more
    NXT Capital, a lender that provides financing for the acquisition of multifamily, office, retail, industrial, hotel, student housing, and other corporate dealings, has more financial backing to grow its business now that it's under the umbrella of ORIX Corp. USA.
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  • Pure Multi-Family REIT just took itself off the market

    Is Pure deciding to go down with the ship? Or is it holding out for redemption?
    Just four months after putting itself up for sale, Pure Multi-Family REIT is taking itself off the market. Following an unsuccessful courtship process with 86 potential buyers, the Canadian real estate investment trust, which invests in institutional quality U.S. multifamily real estate assets, is embracing the solo life, for now.
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  • Pro Teck Valuation Services acquires Direct Valuation Services

    Pro Teck to leverage synergies with DVS to expand offerings and client base
    The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation fulfillment platform and appraisal management company Direct Valuation Solutions.
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  • Credit Karma enters the mortgage business by buying Approved

    Personal finance company has more than 80 million members
    Credit Karma, the personal finance company that provides its 80 million members with products and services to manage their finances and connects those members to financial services providers, is officially getting into the mortgage business by acquiring Approved, a digital mortgage platform.
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  • Atlantic Bay Mortgage Group, Virginia Community Bank abandon merger plans

    Companies give up on merger after more than one year
    After more than a year of working through the regulatory and financial hurdles, Atlantic Bay Mortgage Group and Virginia Community Bank announced this week that they are abandoning their plan to merge. The companies said this week that the timeframe to complete the merger “remains unclear,” so it's in the best interest of each company to move forward separately.
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  • Celebrity Financial finalizes mortgage company acquisition

    Midwest Equity Mortgage purchase completed
    Celebrity Financial has finalized its acquisition of independent mortgage lender Midwest Equity Mortgage. When the purchase was announced in June, Celebrity said it was going on an acquisition tear, starting with its purchase of Midwest Equity Mortgage, with additional plans to purchase companies in several industries, including banking, fintech, insurance and capital markets, over the next 12 to 24 months.
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  • Citizens Bank completes acquisition of Franklin American Mortgage

    Deal originally valued at $511 million
    Citizens Bank’s acquisition of Franklin American Mortgage is now complete. Citizens said that the deal will triple the size of its off-balance sheet mortgage servicing portfolio and more than double its mortgage origination platform. When it was announced, the deal was originally valued at $511 million.
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