REAL ESTATE INVESTMENT
Greater San Diego Association of REALTORS® | December 09, 2021
The Greater San Diego Association of REALTORS® (SDAR) announces an additional grant support for Smart Coast California, a 501(c)(6) organization founded by REALTORS® in response to sea level rise policies impacting coastal communities and property owners. The most recent grant in the amount of $495,000 was approved by the National Association of REALTOR® (NAR) on December 2, bringing the total grant awards this year to $1.07 million.
SDAR President Carla Farley also serves as the 2021 President of Smart Coast California. The organization was founded in 2019 to monitor coastal policies and be a strong voice advocating for the protection of communities and the property rights of homeowners. Smart Coast California membership includes 29 local REALTOR® associations along California's 1,100-mile coastline.
"The Greater San Diego Association of REALTORS® is not only the voice for real estate professionals, but also for property owners throughout San Diego County.We helped to form Smart Coast California to ensure a strong, unified voice was in place up and down California's coastline in defense of property rights and of our coastal communities."
Previous grant funds totaling $300,000 were approved on October 5 by the California Association of REALTORS® (C.A.R.) IMPAC Trustees. The organization was earlier awarded $212,000 in August by NAR. The funds will be used to enhance monitoring capabilities, expand advocacy initiatives, and grow the organization.
"Few individuals are aware of some of the controversial policies being advanced by the California Coastal Commission, including managed retreat, which would require the removal of needed protective devices, such as sea walls," explained Farley. "These policies are an affront to property rights and would prevent our coastal communities and property owners from defending their homes and neighborhoods from rising seas," she continued. "Through Smart Coast California, we monitor and respond to the actions of the California Coastal Commission and advocate for balanced coastal management policies that will protect the unique character of our coastal communities and the property rights of the individuals who call these areas home."
At issue, the California Coastal Commission (CCC) is working with California's coastal cities and counties to update their Local Coastal Programs (LCPs) to account for sea level rise. Among the more controversial policies the CCC is recommending is "managed retreat," a coastal management policy that calls for relocation or removal of coastal structures, including homes, inland away from rising tides. This issue led to a decision on June 7 by the Del Mar City Council to withdraw their proposed update to their LCP, refusing to accept the CCC's recommended policies. Del Mar is now one of several cities who have withdrawn their proposal from consideration by the CCC.om
"We've been tremendously active up and down the coast over the past 18 months, including weighing in on 16 local coastal plans as well as several related California Coastal Commission actions and state legislative proposals,The support we've received from our state and national associations, in conjunction with the funds from our coalition of local REALTOR® associations throughout the state, is instrumental to the success we've enjoyed this year and expect to continue in the years ahead."
Twain Financial Partners | November 01, 2021
Twain Financial Partners is pleased to announce the successful Commercial Property Assessed Clean Energy (C-PACE) financing in connection with the ground-up construction of 251-unit apartment development in Milwaukee, Wisconsin.
Twain's funding will provide state-of-the-art clean energy improvements to the building, which will feature one-, two-, and three-bedroom apartments and a full suite of amenities including a fitness center, bicycle storage, EV charging stations, storage rooms, a clubhouse, outdoor pool deck, among others. Plans also include 2,200 square feet of street-level commercial space.
New Land Enterprises (New Land) serves as developer for this project. New Land is a Milwaukee-based development, acquisition, and management firm with a decades-long track record of thoughtful place-making; efficient, smart design; and expert management.
Like all our developments, we hope we're contributing positively to the built environment and the community of residents near downtown and in surrounding neighborhoods, We're proud of the work we've done and are thankful for the collaboration of our various finance partners, including Twain Financial, Huntington Bank, and Old National Bank.
- Tim Gokhman of New Land.
Twain is very proud to be a part of this transaction, New Land is continuing to set a high watermark for our collective expectations around energy consumption – even among comparable PACE transactions. Moreover, we have thoroughly enjoyed the partnership with New Land and look forward to future projects.
- Erik Lintvedt, Business Development Officer at Twain.
About Twain Financial Partners:
Twain Financial Partners is an investment management firm located in St. Louis, Missouri with over $4 billion in assets under management within the public-private partnership sector. The firm works with a wide variety of investment types, specializing in tax credit, structured debt, and real estate transactions. Twain works closely with financial institutions and corporations to structure and manage investments that offer both attractive economic return and social benefits.
HONE Digital Marketing | May 14, 2020
HONE Digital Marketing, a digital marketing agency specializing in digital advertisement and sales solutions for B2B and B2C clients in a variety of verticals, has announced that they have released a new done-for-you service that helps real estate agents grow their business hands-free. HONE has worked with small to mid-size brokerages as well as individual agents since 2015 and has noticed a lot of problems in the residential real estate business development space. When it comes to taking advantage of the digital and social spaces online, there seems to be quite a bit of misinformation, attention given to non-important activities, and not to mention poor sales training. All of this leads to barriers on agent production, feast and famine cycles, and agents who think they run their own business when really they are just doing the job for a commission check.