Pristine Highland Park Estate to Auction Online via Concierge Auctions and Briggs Freeman Sotheby's International Realty

Twilight front view of the property.

3204 Beverly Drive

Angled view of interior kitchen island.

3204 Beverly Drive – Kitchen

Angled view of master bedroom with bed and chairs.

3204 Beverly Drive – Master Bedroom

Pool and deck view.

3204 Beverly Drive – Pool

Combining our firm’s reach with Concierge Auctions’ global database of high-net-worth clientele makes for the best possible synergy—we’re looking forward to yet another successful sale here in Dallas.”

— Caroline Summers, listing agent

NEW YORK, NEW YORK, UNITED STATES, July 31, 2020 /EINPresswire.com/ — Completely reimagined by L.A.-based design firm Maienza-Wilson in 2015, 3204 Beverly Drive located in exclusive Highland Park will auction online next month via Concierge Auctions in cooperation with Caroline Summers of Briggs Freeman Sotheby's International Realty. Previously offered for $6.99 million, the property will sell No Reserve to the highest bidder. Bidding will be held August 29th-31st via Concierge Auctions’ online marketplace, ConciergeAuctions.com, allowing buyers to bid digitally from anywhere in the world.

“We’re extremely pleased to be partnering with Concierge Auctions yet again—especially on a property of this caliber, the interior is truly a masterpiece,” said Caroline Summers, listing agent. “Combining our firm’s reach with Concierge Auctions’ global database of high-net-worth clientele makes for the best possible synergy, and we’re looking forward to yet another successful sale here in Dallas.”

With charming Santa Barbara style and fine interior and exterior features, this Dallas home is a luxury urban oasis. An 8,800+ square foot interior boasts high ceilings, archways, columns, and warm wood accents.

“Because of our combined architectural and construction backgrounds, we were able to take this project from the very beginning, conceptually, all the way through decoration,” said John Maienza, architect. “From foundation to bridge,” added Gregg Wilson, designer. “We incorporated handmade, handcrafted tiles and light fixtures into the interior design.”

Additional features include arched doorways; warm, colorful tile; wood and iron accents; stone columns; a massive eat-in kitchen; wood beamed ceilings; a gorgeous, private, blue-tiled pool with surrounding wooden patio; outdoor fireplace; balconies; a subterranean floor with professional gym, bar, trophy room, and wine cellar.

Located in the heart of Dallas, in the affluent Highland Park neighborhood, this stunning home is perfectly situated for comfort and ease. The tree-lined streets and many parks are perfect for outdoor recreation for all members of the family. The Dallas Country Club offers members access to recreational amenities with over 117.5 acres of land, including a golf course. Downtown Dallas is only 10 minutes away, where there are activities for everyone to enjoy.
3204 Beverly Drive is available for showings daily by appointment and for private virtual showings.

As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need.

Concierge Auctions offers a commission to the buyers' representing real estate agents. See Auction Terms and Conditions for full details. For more information, including property details, exclusive virtual tour, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.

About Concierge Auctions
Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever achieved at auction, and is active in 40 U.S. states/territories and 29 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited time frame. The firm owns the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the industry. As a six-time honoree to the annual Inc. Magazine list of America's fastest-growing companies, it now joins the Inc5000 Hall of Fame; was named No. 38 on the 2018 Entrepreneur 360™ List recognizing 360 small businesses every year that are mastering the art of and science of growing a business in the areas of impact, innovation, growth, leadership, and business valuation; and has contributed more than 200 homes to-date as part of its Key for Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit conciergeauctions.com.

Krystal Aeby
Concierge Auctions
+1 212-202-2940
email us here


Source: EIN Presswire

Pack and Load Services Launches Verified Crew Program to Increase Customer Satisfaction

Pack and Load Services, a national leader in the moving and storage industry, announced today that it has launched an innovative Verified Crew program.

Making simple changes in our operational procedures has resulted in an exponentially more enjoyable experience for our customers”

— Jed Prescott, Director of Marketing and Analytics at Pack and Load Services

LARGO, FL, USA, July 31, 2020 /EINPresswire.com/ — Pack and Load Services, a national leader in the moving and storage industry, announced today that it has launched an innovative Verified Crew program. The program provides high visibility credentials to Pack and Load Services’ network of movers nationwide. Customers can rest assured that the individual crews are part of the Pack and Load Services team and that they have been verified through several internal processes.

The verified crew program was initially developed from information obtained during a full review of Pack and Load Services’ customer experience. Data suggested that some individuals, especially elderly and female, commonly became unsettled when meeting with their movers. Management at Pack and Load Services implemented multiple initiatives to address this issue with each enjoying its own level of success. The Verified Crew program has proven to be one of the most successful with customers noting additional comfort levels upon reviewing the crew credentials.

Over the past 12 months. Pack and Load Services has focused its efforts on becoming the standard for customer service in the moving and storage industry. The moving and storage company has increased its Better Business Bureau rating to an “A” and recently achieved a record number of top reviews from its internal customer service survey.

“Our Verified Crew program is very innovative,” said Jed Prescott, Director of Marketing and Analytics at Pack and Load Services. “Making simple changes in our operational procedures has resulted in an exponentially more enjoyable experience for our customers.”

About Pack and Load Services
With more than 65 years of combined experience in the moving and storage industry, Pack and Load Services prides itself on the unique ability to provide a full-service “pack-move-store” offering to its customers as they prepare their items for transport. Pack and Load Services is a premiere strategic partner of Portable On Demand Storage (“PODS”) with a presence across the domestic United States as well as in many parts of Canada. Headquartered in Largo, Florida, Pack and Load Services and its staff centrally manage and operate the organization from this single location.

Jed Prescott
Pack and Load Services
+1 727-871-9664
email us here


Source: EIN Presswire

Turnkey Miami Beach Porsche Design Tower Residence to Sell at Online Auction in Cooperation with Illustrated Properties

Porsche Design Tower, Residence 4603

Porsche Design Tower, Residence 4603

Porsche Design Tower, Residence 4603

Porsche Design Tower, Residence 4603

Porsche Design Tower, Residence 4603

Having spent my career working with ultra-high-net-worth clientele, I know that sellers ultimately crave control. That’s why partnering with Concierge Auctions brings tremendous value to the table”

— Billy Nash, Top Luxury Listing Agent

NEW YORK, NEW YORK, UNITED STATES, July 31, 2020 /EINPresswire.com/ — Located minutes from affluent Multi-Million Dollar Row on the 46th floor with miles of waterfront views, Residence 4603 in the coveted Porsche Design Tower will auction online turnkey furnished next month via Concierge Auctions in partnership with top luxury agent Billy Nash of Nash Luxury at Illustrated Properties. Previously offered for $4.45 million, the property will sell No Reserve to the highest bidder. Bidding will be held August 28th–31st via Concierge Auctions’ online marketplace, ConciergeAuctions.com, allowing buyers to bid digitally from anywhere in the world.

“The Porsche Design Tower is modern luxury at its finest and arguably one of the top buildings in South Florida, with one of a kind amenities,” stated Chad Roffers, Chairman of Concierge Auctions. “Our last sale in the Porsche Tower along with our successful July sale in the Zaha Hadid-designed Museum Tower generated a global audience of highly qualified buyers, and we look forward to what will no doubt be competitive bidding for one lucky winner in just a few weeks time.”

Luxe details, high-end finishes, and exclusive amenities come together to create Residence 4603. A collector’s dream, the residence comes with an exclusive car elevator with car recognition technology and direct-to-unit elevator access for fully automated service, including a windowed, two-car sky garage, making it a showroom in itself. Encompassing three bedrooms and four full and one half bathrooms, multiple living areas, a state-of-the-art Poggenpohl-designed kitchen, floor-to-ceiling views around every corner, al fresco dining, vast beach and water views with direct access to a private, 200-foot beach, this two-story, 3,130-square-foot retreat has every amenity imaginable—fitness and spa retreats, sparkling pools with water-side service, 24-hour security, Concierge and car Concierge, plus a restaurant, clubhouse, ballroom, movie theater, community room with virtual golf, a race car simulator, and card and billiards tables—all on renowned Collins Avenue.

"I’ve partnered with Concierge Auctions on multiple transactions, as both the listing and buying agent, including the second largest real estate transaction in Key Biscayne in 29 years, which sold within just 45 days at auction, after sitting on the market for over two years. Having spent my career working with ultra-high-net-worth clientele, I know that sellers ultimately crave control. That’s why partnering with Concierge Auctions brings tremendous value to the table—together, we expose properties to a worldwide audience of buyers, and in a matter of weeks, sellers can choose their auction date and buyers can close. After years of success with Concierge, I’m proud to be a member of their Agent Advisory Board, as well,” said Nash.

Located in South Florida, Sunny Isles Beach is the epitome of a beach-adjacent southern oasis with premier shopping, year-round outdoor activities, and world-class views. A plethora of clubs, some of the most famous beaches in the country, and Everglades National Park, where the nature-lovers of the family will find their peace, are nearby. South Beach, Fort Lauderdale and Miami, and West Palm Beach are all under 20, 30, and an hour’s drive away, respectively.

Porsche Design Tower Residence 4603 is available for showings daily by appointment, virtual open houses, and for private virtual showings.

As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing will result in a new home built for a family in need.

Concierge Auctions offers a commission to the buyers' representing real estate agents. See Auction Terms and Conditions for full details. For more information, including property details, exclusive virtual tour, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.

About Concierge Auctions
Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever achieved at auction, and is active in 40 U.S. states/territories and 29 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited time frame. The firm owns the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the industry. As a six-time honoree to the annual Inc. Magazine list of America's fastest-growing companies, it now joins the Inc5000 Hall of Fame; was named No. 38 on the 2018 Entrepreneur 360™ List recognizing 360 small businesses every year that are mastering the art of and science of growing a business in the areas of impact, innovation, growth, leadership, and business valuation; and has contributed more than 200 homes to-date as part of its Key for Key® giving program in partnership with Giveback Homes™, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit conciergeauctions.com

Krystal Aeby
Concierge Auctions
+1 212-202-2940
email us here

Porsche Design Tower, Residence 4603


Source: EIN Presswire

Four 19 Properties Expands to Fort Worth, Texas

FORT WORTH, TEXAS, UNITED STATES, July 31, 2020 /EINPresswire.com/ — Four 19 Properties Expands to Fort Worth, Texas

The company aims to provide homeowners with an alternative option to sell their properties.

Fort Worth, TX – Four 19 Properties is pleased to announce it has expanded its operations to the beautiful and bustling city of Fort Worth, Texas.
Four 19 Properties is a real estate company that offers a variety of solutions to help homeowners sell their properties in as-is condition. The company provides a host of alternative real estate services to its clients, including buying homes directly and working with top agents and investors in the Fort Worth area. With these options, homeowners can make a more informed decision when it comes to unloading their homes.

“At Four 19 Properties, our goal is to help local homeowners avoid foreclosure, deal with probate, or sell any house – without any costs or fees,” says Neil Dempsey, founder of Four 19 Properties. “Listing with an agent can be very time consuming and costly. Instead, with us, Fort Worth homeowners can sell their house fast, without commissions, or without making any repairs.”

According to Dempsey, Four 19 Properties is an ideal solution for property owners who find themselves in difficult situations, including:

Home needs too many repairs
Inherited an unwanted property
Going through a divorce
Overwhelming mortgage payments
Need fast cash
And more!

“There are a variety of reasons a Fort Worth homeowner might need our services,” states Dempsey. “No matter the reason, however, our family team is here to listen to your concerns, help make the most informed decision, and reduce the stress associated with your home. Contact us today to find out what your Fort Worth property is worth!”

For more information about Four 19 Properties, please visit https://www.four19properties.com/tx/fort-worth/.

About the Company

Four 19 Properties is a family-owned husband and wife real estate business which supports homeowners in selling their properties to get rid of unwanted homes, generate quick cash, or to avoid foreclosure. The company works one-on-one with clients to determine if a direct sale is the right choice by looking at the pros and cons to make an informed decision.

Contact Information

Shayla Dempsey
1-817-754-1968
info@four19properties.com
www.four19properties.com

Shayla Dempsey
Four 19 Properties
+1 817-754-1968
email us here


Source: EIN Presswire

North Dallas Sees Softball Sized Hail

Town center roof replaced after hailstorm.

The widespread damage was felt by thousands of property owners and will remember for years to come.

DALLAS, TEXAS, UNITED STATES, July 31, 2020 /EINPresswire.com/ — Nestled on the south side of the western edge of Lewisville Lake rests the City of Highland Village. This suburb of north Dallas is known for its annual hot air balloon festival and its summertime firework shows. The region is also known for its history of wind damage and hailstorms.

Hailstorm Thrashes Denton County Costing Millions
On Sunday night, March 26, 2017, a powerful hailstorm (fueled by an abnormal amount of moisture from the Gulf of Mexico) blew through Denton County, Texas, wreaking havoc as it passed through. Hail measured up to four and a half inches across was witnessed by residents. For comparison, a softball is four and a quarter inches across. Thousands of property owners reported severe roof damage, along with busted-out skylights and windows. The majority of the property damage occurred in fifteen minutes after 8 p.m. that night. The hailstorm was reported to be so bad, one Fire Chief’s windshield was destroyed and he had to leave his vehicle and take shelter in an abandoned building for protection.

Our client’s newly constructed, multi-use commercial complex (or town center), which consisted of shops, stores, a leasing office, and apartments experienced the full force of the hailstorm. A total of eleven roofs (4 TPO, 3 modified bitumen, 2 three-tab shingle, and 2 laminated composition shingle), and all the roof-mounted HVAC equipment and accessories were damaged beyond repair or destroyed. The fact that these new roofs had to be replaced is a testament to the property damage that occurred.

Quadrupling The Award Is The Reward
AmGuard Insurance responded to our client's insurance claim by sending out their adjustors who substantially undervalued the damage. Knowing AmGuard's inspection results did not represent reality, our client hired us to represent them against their insurance carrier. After our representation concluded, our client had ample funds to replace all eleven damaged roofs and acquire new HVAC equipment for the complex as well as reimburse litigation expenses and pay the firm's fee.

Texas Property Insurance Lawyers
Has your homeowner’s or commercial business insurance claim been denied? We can help. Representing thousands of client’s against big insurance companies, our insurance claims attorneys aggressively protect the rights of the policyholder. Our consultations are free, and you owe us nothing until we win your case. Contact us today.

Jason FieldChris Flynn
Chad T. Wilson Law Firm
+1 832-415-1432
email us here
Visit us on social media:
Facebook
LinkedIn


Source: EIN Presswire

Label & Co. Introduces New Sand Dollar 5 Model at Sky Cove of Westlake

Palm Beach County New Homes in Westlake

Sand Dollar 5 Contemporary elevation

New Palm Beach Homes for Sale - Westlake, FL

Sand Dollar 5 open living & dining areas are perfect for family gatherings

New Spacious Palm Beach Homes for Sale - Westlake, FL

Sand Dollar 5’s second-floor loft option

Westlake Builder Responds to Buyer Interest with New 5 Bedroom, 3 1/2 Bath Floor Plan

This plan was designed in response to popular demand. With the addition of the Sand Dollar 5, we have a floor plan to please any type of family.”

— Roseline Serrano, Director of Sales at Sky Cove

WESTLAKE, FL , USA , July 31, 2020 /EINPresswire.com/ — Boutique community builder Label & Co. announced the introduction of a brand new, 5-bedroom floor plan at Sky Cove, its gated neighborhood of 204 single-family homes in the new City of Westlake, Florida. Starting at $399,900, the two-story, 2,514 square-foot Sand Dollar 5 offers Sky Cove’s homebuyers more space, bedrooms, bathrooms and more flexibility than any of the company’s other available floor plans.

“This plan was designed in response to popular demand,” said Roseline Serrano, Director of Sales at Sky Cove. “With the addition of the Sand Dollar 5, we have a floor plan to please any type of family.”

According to Serrano, the new Sand Dollar 5 floor plan expands on the popular Sand Dollar 4’s open, light-filled first floor layout but adds a privately situated, first-floor bedroom and full bath. Upstairs are 4 more bedrooms.

“You can opt for a first-floor den and a second-floor loft at no additional charge,” added Serrano. “The Sand Dollar 5 is truly one of our most flexible floor plans.”

Sky Cove of Westlake’s 6 furnished models opened in late January 2020 and the neighborhood is already 50% sold out. Serrano attributes Sky Cove’s record-breaking sales to the value and design Label & Co. builds into their homes.

“Every one of our homes include as standard up to $20,000 of other builders’ upgrades like impact glass windows and doors, quartz countertops, oversized kitchen islands and gypsum concrete 2nd stories,” explained Serrano. “And the City of Westlake has amazing recreation facilities, infrastructure and great schools. Families love it out here!”

Sky Cove’s ten, 3 to 5-bedroom, single-family floor plans start in the low $300,000s and range from 1,458 to 2,514 square feet. All include big backyards. Several plans offer optional dens and lofts, first-floor masters as well as a double-master-suite floor plan perfect for multigenerational living. Contemporary, Mediterranean and Coastal elevation options are available at no additional charge.

Sky Cove is a short walk from the amazing, $15M Westlake Adventure Park. Phase 1 of the Adventure Park features a tropical lagoon pool, a tower slide, splash pad, poolside concessions, an Adventure Playground, a BMX Pump Park and even bocce ball courts. Residents can barbecue at one of the many picnic areas, take in a concert at the pavilion, cool off with an ice-cream from Scoops and later enjoy a sunset walk or bike ride along the community’s multipurpose pathways.

Westlake already boasts a 24-hour physician-staffed ER and fire station. Future plans for the City of Westlake include a vibrant town center with shopping, retail and more.

For more information about new homes in Palm Beach County, visit the Sky Cove of Westlake website.

More About Sky Cove of Westlake
Within the brand-new city of Westlake, Florida, discover Sky Cove, a gated neighborhood of just 204 single-family homes built by award-winning Label & Co. With new, one- and two-story, 3 to 5-bedroom floor plans, three beautiful exterior elevations, incomparable luxury upgrades, and so many ways to personalize your home, Sky Cove is truly the perfect community for all kinds of families!

Sky Cove Sales Center
5568 Starfish Road, Westlake, FL 33470
Open 7 Days from 10:00 a.m. – 6:00 p.m.
Directions: Sky Cove is located within the City of Westlake off Seminole Pratt Whitney Road between Okeechobee Boulevard and Northlake Boulevard. From Seminole Pratt Whitney Road, turn East onto Town Center Parkway North and follow signs to Sky Cove Models.

For more information and appointments visit https://www.skycovehomes.com/ or call 561-792-3004.

About Label & Co.
The boutique builder with the big builder pedigree, Label & Co.’s executive team led by Harry L. Posin, the former President of Minto Communities, leverages 35+ years of experience building over 20,000 residences in South Florida, to build incomparable homes for discerning homebuyers. Its recently completed Centra Falls, Centra Falls West and Chapel Grove communities in Pembroke Pines were three of the top-selling townhome communities in Broward County.

Karen Duarte
Exults Digital Marketing Agency
+1 954-763-1130
email us here
Visit us on social media:
Facebook


Source: EIN Presswire

North Texas Property Management Announces Two-Suburb Focus for Property Management & Purchase Services for McKinney

North Texas Property Management - Plano, McKinney, and Carrollton, Texas

North Texas Property Management is announcing yet another two-purpose thrust on their blog.

Investors and homeowners alike are flocking to single-family homes in McKinney and Carrollton as hot suburbs north of Dallas.”

— Jason Marascio

CARROLLTON, TEXAS, USA, July 31, 2020 /EINPresswire.com/ — North Texas Property Management, a best-in-class property management company that handles single-family home rentals in and near Plano Texas, is proud to announce a two suburb focus as it goes into August, 2020. While based in Plano and proudly servicing Plano as a best-in-class team of property managers, the company is keen to grow its business in two prosperous suburbs, specifically McKinney and Carrollton. Both are experiencing rapid increases in affluence even in the strange COVID-19 environment.

"Investors and homeowners alike are flocking to single-family homes in McKinney and Carrollton as hot suburbs north of Dallas," explained Jason Marascio, CEO of North Texas Property Management. "For this reason, we have doubled down on our content and experience for both of these incredible suburbs. Investors and homeowners alike can reach out to us as either property managers or home buyers in either suburb."

Persons who want to learn more can visit the following pages. First, those who own a McKinney Texas single family home and want to sell it fast can visit the newly updated information page at https://www.webuynorthtexashomes.com/mckinney/. That page goes over the steps involved in a home sale and purchase by a professional home buyer in McKinney. Second, those who already own an investment property such as a single family home or other residential property in Carrollton, can read the post at https://www.ntxpm.com/2020/07/27/carrollton-property/. That post explains some of the advantages of hiring a professional property management service to deal with renters and other home issues. Thus, whether the person is an investor who wants to hold on to his or her home and use a property management service or it's a homeowner who is ready to sell his or home fast in McKinney, the company is announcing a matching service. Indeed, interested persons can not only read about the issues online at the two websites. They can reach out to real estate expert Jason Marascio for a confidential, no obligation consultation on their home selling and/or property management needs.

ABOUT NORTH TEXAS PROPERTY MANAGEMENT

North Texas Property Management Company (https://www.ntxpm.com/) is a top-rated property management company servicing the needs of rental property owners in the North Dallas area of North Texas. The company's property managers manage residential rental properties in Plano, McKinney, Frisco, Richardson & Allen, as well as other communities in the North Dallas area, for real estate investors and rental property owners who want a property management company that will take the burden off of them of physically and financially caring for, maintaining, and managing their rental homes.
Tel. 214-227-7669

Jason McDonald
JM Internet Group
+1 415-655-1071
email us here


Source: EIN Presswire

NAI Legacy completes a $25.5 Million Sale Leaseback Acquisition of the RH | Minneapolis Gallery Property

MINNEAPOLIS, MINNESOTA, USA, July 30, 2020 /EINPresswire.com/ — NAI Legacy, a Minneapolis based real estate investment, full-service brokerage, and property management company, announced today that it has acquired the RH | Minneapolis – Gallery (Restoration Hardware) property located in Edina, Minnesota.

6801 France DST, a Delaware Statutory Trust that is controlled by NAI Legacy, acquired the property directly from RH (NYSE: “RH”) in a Sale & Leaseback transaction that included a new twenty (20) year absolute net lease. The RH-Minneapolis Gallery opened in September 2019 and is part of the RH Luxury Collection of high-end stand-alone stores. The property consists of 58,000 square foot on three-levels with a 3rd story full glass atrium housing a rooftop restaurant. The two-acre site at the northeast corner of France Avenue and West 69th Street is the gateway to Edina’s luxury retail district, which includes Southdale Center, The Galleria, The Westin Hotel, COV Edina and Lifetime Edina.

“Starting with my investment with COV at the Galleria, I have committed to investing in trophy real estate assets in Edina and believe the redevelopment taking place in the greater Southdale area will continue to strengthen and define the entire neighborhood as the luxury epicenter of the Twin Cities,” said Jon Davis, former CEO of Davisco Foods International and an investment partner in NAI Legacy. “I believe the long-term outlook for the Southdale corridor is extremely positive and the RH | Minneapolis site is the gateway corner to the high-end district” added Mr. Davis.

Restoration Hardware (“RH”) is not new to the Edina area. RH was a long-standing tenant at the Galleria for nearly 25 years before acquiring the land adjacent to Southdale and building its own property, which is consistent with its brand and luxury image. RH is listed on the NYSE, and reported $2.67 Billion in annual sales, with a current market capitalization of nearly $5.5 Billion.

“Our investment strategy is to acquire various Net Leased properties that have a strong operator in place, and predictable lease income over the long-term. RH has a proven track record of success in Edina and this property has quickly become a highly recognized destination in the metro and is situated at arguably the most popular intersection in the Twin Cities” commented Michael Houge, Managing Partner of NAI Legacy, and head of its Net-Leased Division.

NAI Legacy structured the ownership entity of the property as a Delaware Statutory Trust (DST) which provides unique tax attributes to its members. In addition to Jon Davis, its members include Duane Lund and David Buelow, who, along with Mr. Davis, are also owners and officers of NAI Legacy. Mortgage financing for 6801 France DST was provided by Edina based Tradition Capital Bank. “We are pleased to be a party to this fabulous asset and are looking forward to our new relationship with the team at NAI Legacy,” said Dan Fagan, CEO of Tradition Capital Bank. Legal services for NAI Legacy were provided by Messerli | Kramer.

NAI Legacy is one of the leading national providers of tax advantaged DST assets, including 1031 Tax-Deferred Exchanges and Bonus Depreciation solutions. “This acquisition is consistent with our focus on providing tax advantaged real estate solutions to our investors and represents another step in our development of a national DST platform” said Garrett Farmer, Senior Director of NAI Legacy and head of its Brokerage Division.

About the Property
The RH | Gallery is a +/-58,000 square foot, three-story concrete building with a 3rd story glass atrium. The property features a unique and high-end design consistent with the RH brand. It is situated on +/-2.09 acres of land and offers 42 on-site parking stalls with a parking easement to the parking lots at Southdale Center.

Michael Houge, CCIM, SIOR
NAI Legacy
+1 612-701-7454
email us here
Visit us on social media:
LinkedIn


Source: EIN Presswire

Developer and Hotelier, Charlton Claxton, Predicts 4 U.S. Housing Markets Most Likely to Fall

Atlanta, Georgia

ATLANTA, GEORGIA, USA, July 30, 2020 /EINPresswire.com/ — With the coronavirus raging on, industries across the country are grappling with the implications of the recession and the spike in new cases after a brief plateau. After several deadly months, the outbreak has eased in most coastal states. But states in the south and southwest, including Arizona, Texas, and Florida, have become new epicenters.

And it’s in these specific regions that Atlanta-based developer and hotelier, Charlton Claxton predicts the next four housing markets will fall. The elevated unemployment rate combined with the recent spike in COVID-19 cases across the country will be the catalyst for a drop in home prices over the next year. While he acknowledges an increase in the national median home price this past spring, Claxton believes beginning now, a month-over-month drop will lead to a significant drop in prices by this time next year.

And which markets exactly does he foresee being most at risk of a downturn over the next year? Prescott and Lake Havasu, Arizona; Daphne-Fairhope-Foley, Alabama; and Naples and Crestview-Fort Walton Beach, Florida. Fortunately, Claxton sees the Atlanta housing market continuing on an upward trajectory.

"States like Arizona and Florida faced the perfect storm of elevated COVID-19 cases and the subsequent collapse of the spring and summer tourism market, which curtailed home-purchase demand enough to keep a lid on home price gains over the coming year," he cites.

An increase in cases, dismissal of the tourism market, and the recession are all circumstantial factors that are likely to contribute to a downward trend in these markets. However, as Claxton explains, some may be in better shape than others to weather the storm. Some markets may also be better off than others when considering factors like low mortgage rates and strapped supply.

In late June, Arizona, Florida, and Texas had become the new epicenters of the coronavirus outbreak. By early July, Florida hit a new record for daily coronavirus cases, even going back to the beginning of the pandemic in the former epicenter of New York, with more than 15,000 cases.

Kathrine Cupp
Publicist
+1 888-316-1479
email us here


Source: EIN Presswire

Local Developer & Hotelier Investing in and Restoring Historic Properties

A photo of up-and-coming hotelier, Eric Charlton Claxton, as seen in 2020 appearing in Savannah Georgia

Hotelier, Eric Charlton Claxton (2020)

You can spend time in a curated space with a real sense of history and charm

You can spend time in a curated space with a real sense of history and charm”

— Charlton Claxton

ATLANTA, GEORGIA, USA, July 30, 2020 /EINPresswire.com/ — When it comes to real estate, shiny and new isn’t always a plus. In cities across the country, some of the most enviable homes were built in the early 1900s or earlier. Many buyers refuse to reckon with the realities of living in an older home, such as smaller rooms and less insulation. But others see historic properties as being filled with the kind of detailing and personality they appreciate and even profit from.

For Georgia-based developer and hotelier, Charlton Claxton, historic homes offer his company the opportunity to invest in affordable properties while helping to beautify and preserve cities like Savannah.

“When our guests come to historic cities like Savannah, that have been around for nearly three centuries, they want to stay in a home or hotel that represents that historical integrity,” explained Claxton. “Why stay in a new, cheap build when you can spend time in a curated space with a real sense of history and charm.”

Claxton and his family company have carved a niche out for themselves in the housing and hospitality markets. Having been the first group to craft sale/leaseback financial deals in which the company sells newly renovated homes or boutique hotels to 3rd party investors who leases the properties back to the family owned company for them to operate as housing or hospitality operations.

“You’d be surprised how a fresh coat of paint, elegant light fixtures, and sophisticated hardware throughout a home can really make guests feel like they are living in the lap of luxury,” said Claxton. “It’s important that we maintain the integrity of the historic homes while also staying trendy.”

When asked about a starting point for those interested in buying a property to begin their preservation journey, Charlton was quick to say “I would certainly recommend anyone interested in bringing a historic property back to life, to begin looking at your own state’s historic preservation trust, such as here in Georgia… We have the Georgia Trust For Historic Preservation. This is an amazing organization full of dedicated individuals whom work tirelessly throughout the state to protect our history. Occasionally they will bring properties to market to try to find buyers to save them. I strong suggest anyone start by checking out their website!"

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Source: EIN Presswire