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Harvey’s hit to mortgages could be four times worse than predicted

Posted by   /  September 15, 2017  /  Real Estate  /  No Comments

As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black Knight Financial Services says. That is four times the original prediction because new disaster zones were designated and more homes flooded. The sheer volume of homes hit by Hurricane Irma will likely cause an increase in mortgage delinquencies as well, […]

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Hurricane Harvey impact for building materials suppliers hits $1.8 billion across six major products

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

Principia In the aftermath of Hurricane Harvey in Houston and Beaumont, Texas, the cleanup and repair efforts are just beginning. Principia previously reported on the need for suppliers, distributors and dealers to be prepared to move substantial stocks into the area for the rebuilding effort. Additional analysis of our estimates regarding the value of building materials required for […]

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Water, water everywhere

Posted by   /  September 6, 2017  /  Real Estate  /  No Comments

By John McManus | Builder Another potentially “catastrophic” hurricane, Irma, bears down on all that’s in her way as she barrels through the Caribbean, heading northwest this morning, with one called Jose brewing up trouble out in the east Atlantic and yet even another, Katia, stirring up a major storm in the Gulf of Mexico. Even […]

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Camden Property Trust wins state land auction with $35M bid on apartment land

Posted by   /  April 15, 2015  /  Dealmaker, Real Estate  /  No Comments

Phoenix aparatments, BREW

By Business Real Estate Weekly With a winning bid of $35 million ($1 million per net acre), Camden Property Trust in Houston, Tex. (NYSE:CPT) has taken control of a parcel in northeast Phoenix that is planned for 1,150 apartment units. The 49.6-acre (35.3 net) site, located at the northwest corner of Mayo Boulevard and 68th […]

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