Category: Real Estate

Luby’s closes restaurant sales, strikes new deal to sell real estate

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Luby’s inked an agreement last week to sell dozens of Texas properties to an Arizona-based real estate firm in a deal valued at $88 million.

Store Capital Acquisitions agreed to buy up to 26 of Luby’s Texas properties and plans to close on the sale Oct. 12, according to a filing with the U.S. Securities and Exchange Commission. Properties in the sale are tied to Luby’s restaurants leased and operated by Calvin Gin, a Chicago catering entrepreneur who bought Luby’s brand and restaurant operations in a separate deal that closed last month.

The developments are the latest in Luby’s ongoing

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Real Estate

Shore condo for $300K and more South Jersey real estate deals of the week

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A two-bedroom, one-bath condominium in North Wildwood in Cape May County recently sold for $300,000, according to Zillow.com.

Below are more real estate transactions for Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester and Salem counties.

Look for Central Jersey real estate transactions on realestate.nj.com on Wednesday, Sept. 8, and North Jersey transactions on Thursday, Sept. 9. Information on New Jersey real estate transactions appears weekly on realestate.nj.com.

Atlantic

Atlantic City

105 Liberty Ave, $359,000 Flame Investments LLC (Ying Ming Lin)

18 North Chelsea Ave, $220,000 18 Chelsea Garden LLC (ATB Real Estate Ventures LLC)

Brigantine

1208 Bayshore Ave,

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Real Estate

House Hunting: Is This Price Right?

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The strategy is to create something of a blind auction where buyers try to puzzle out a number that the sellers’ will actually accept and a number that’s higher than all the other offers. It’s a local quirk that everyone seems to acknowledge is just the way that things are done here.

Jodi Nishimura, a Compass agent based in Oakland, said she was surprised when she moved to the area from New York in 2002 and saw how listings were priced lower than their worth, usually around 10 percent less at that time. “It wasn’t common to see homes go

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Real Estate

10 Technologies Transforming Real Estate, According to MIT and JLL

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  • Tech startups beg real-estate firms to adopt their products for homes, offices, or construction.
  • Real estate tech — an industry colloquially known as proptech — is booming with record investment. 
  • A new tracker ranks innovations from virtual reality to new building materials. Here are the top 10.
  • See more stories on Insider’s business page.

Proptech companies — which create products that transform or streamline the traditionally slow-moving real estate and construction industries — are booming.

Funding proptech firms raised soared to a record high of $9.7 billion in the first half of 2021, according to JLL research. The pandemic

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Real Estate

When paying $60,000 above asking price feels like a deal: Here’s what a cooling housing market looks like in the Seattle area

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The white-hot Seattle-area housing market has started to cool, by some measures. Last month, fewer new listings hit the market here and home prices dipped compared to a month earlier, according to data released Tuesday by the Northwest Multiple Listing Service.

Brokers report occasional price drops, and one local economist says we could be hitting a “price ceiling.” But a year of runaway growth has already done its damage.

Home prices across the Puget Sound region remain up by double-digit percentages compared to last year and 2019.

The dual realities — a cooling market with high prices — reflect the

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Real Estate

4 Lessons To Implement As A Boston Real Estate Investor, From Former Marine and Pirate Chaser, Josue Velney Of Winter Hill Homes

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MEDFORD, MA / ACCESSWIRE / September 8, 2021 / Most real estate investors know it takes a certain skill set and years of wisdom to be good (and get better) at their job.

Josue Velney of Winter Hill Homes is one of those real estate investors. He’s also a former Marine. During his 5 years of service, he saw three combat tours-two in Iraq and one pursuing pirates alongside the Navy.

That’s right, he chased pirates during his military career and holds insights about how his training as a Marine applies to being a real estate investor.

Velney learned four

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Real Estate