Tag: 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

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

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

Recent Commercial Real Estate Transactions

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$4.19 MILLION

223 Fifth Avenue (at President Street)

Brooklyn

Built in 1920, this five-story, 12,240-square-foot building in Park Slope has four retail spaces and 12 apartments: four four-bedroom, four three-bedroom and four one-bedroom. Eleven of the apartments and all of the commercial spaces are occupied. The building last changed hands 37 years ago.

Buyer: Prospect Acquisitions

Seller: Unipres

Broker: Jack Beida of Eastern Union

$41.5 MILLION

975 Nostrand Avenue (between Montgomery Street and Empire Boulevard)

Brooklyn

This 59,633-square-foot, block-through property in Crown Heights includes 240 feet of frontage on Nostrand Avenue and 250 feet on Clove

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Real Estate

UK real estate agent wins $254,000 after being refused 5 p.m. finish

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Cravetiger | Moment | Getty Images

A real estate agent in the U.K. has won nearly £185,000 ($254,478) in compensation from her former employer after the firm refused her request for flexible working hours, which led her to resign. 

A U.K. employment tribunal judge ruled on Monday to uphold Alice Thompson’s claim against Manors real estate agents in London. 

Upon looking to return to work after maternity leave, Thompson had asked if she could finish work an hour earlier at 5 p.m. and work four days a week, instead of five, to accommodate for her daughter’s childcare arrangements. 

Thompson resigned

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Real Estate