Low mortgage rates may drive home purchase lending to 14-year high

iEmergent | April 08, 2019

The recent drop in mortgage interest rates is already having an impact on overall mortgage demand as well as the demand for refinances, but just how much could the return of low interest rates impact the market?  Quite a bit, according to new data from iEmergent. iEmergent, a mortgage forecasting and advisory firm, is projecting a 3.9% jump in total home-loan volume this year. That puts iEmergent at the head of the forecasting pack. Freddie Mac is expecting a gain of 1.5% for total mortgage lending, according to its March mortgage finance forecast. The Mortgage Bankers Association pegs the increase at 1%, and Fannie Mae expects a drop of about half a percentage point.

Spotlight

The Fair Housing Act, inter alia, prohibits discrimination in housing rental or conditions based on specific protected classes, such as race, sex, religion, national origin, and, pertinently, familial status. Courts assess whether a housing provider discriminates based on familial status by inquiring.

Spotlight

The Fair Housing Act, inter alia, prohibits discrimination in housing rental or conditions based on specific protected classes, such as race, sex, religion, national origin, and, pertinently, familial status. Courts assess whether a housing provider discriminates based on familial status by inquiring.

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Global Real Estate Firm Harwood International Unveils Design Of Its Tallest Office Tower

prnewswire | October 16, 2020

Global real estate firm Harwood International has unveiled the design behind its tallest office development. Towering at 27 stories, Harwood No. 14 will be centrally located in the 19-city block Harwood District. The Class AA tower's design is heavily influenced by nature, featuring a two-story lobby with monumental stairs blending indoor/outdoor features, landscaped plateaux, a finned curtainwall system that is the first in Dallas, open air pocket gardens, and a spectacular 17,000 SF rooftop and sky garden complementing Harwood No. 10's sky gardens just across the street.

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REAL ESTATE TECHNOLOGY

Digital and Sustainable: Lendlease and Google Cloud Partner to Digitally Transform the Built World

Google Cloud | September 08, 2021

International real estate group Lendlease and Google Cloud today announced a new global partnership aimed at transforming the construction and operation of buildings and cities around the world. Working together, the two organizations will help usher in safer, more sustainable, and efficient urbanization projects globally by partnering in three key areas: advancing Lendlease's next-generation IT strategy; integrating new artificial intelligence (AI), machine learning (ML), and smart data features into Lendlease's Podium building software platform; and collaborating on joint go-to-market initiatives to drive sustainability projects industry-wide. Advancing Lendlease's next-generation IT strategy Lendlease is well progressed into exiting its eight on-premise data centers across four continents by 2022, with Google Cloud as its only cloud services provider. With Google Cloud as the foundation for its digital transformation strategy, Lendlease will move to the cloud by migrating its mission-critical enterprise workloads, including its data-intense CAD platforms, in-house project excellence platform, Oli, and its Oracle-based eFinance system. Not only will this enable Lendlease to significantly increase operational efficiency, but also it will drive improved decision making through enhanced reporting and analytics capabilities, and a stronger cybersecurity posture across the organization. Co-developing Podium to digitize global supply chains and building lifecycles Lendlease will integrate new AI/ML and smart data analytics capabilities from Google Cloud into Podium, the Lendlease platform that runs autonomous buildings and helps manage energy use, human needs, and resource management goals. Today, Podium relies exclusively on Google Cloud for its data storage, network, and computing needs, and firms use the platform to plan construction projects with accurate parts, pricing and supply. Under the new partnership, the two companies will collaborate on new Podium products and services to give customers the needed intelligence to improve quality and safety, as well as accelerate development pipelines. Partnering on sustainability to benefit the industry at large The strategic partnership will also see the two organizations co-innovating around new cloud-based offerings underpinned by Podium, and working together on new sales and channel opportunities to drive Podium and Google Cloud adoption among existing customers and prospects. Ultimately this will help drive the digital transformation of the global property and real estate development industry, and give firms the advanced tools and capabilities to achieve their sustainability targets. "Remaking buildings is both the greatest need and the greatest opportunity in addressing our future," said Bill Ruh, CEO, Lendlease Digital. "By using Podium to digitize supply chains, firms can plan construction projects with accurate parts, pricing and supply. This means fewer delays to projects, more precise build plans, and a reduction in cost estimate errors. This will also put important information about the lifecycle of building projects into the hands of employees at their work locations, including construction sites and within owned property assets." "By running on the cleanest cloud in the industry, Lendlease will gain increased efficiency, lower its environmental footprint, and be able to offer its clients greater information about the lifecycle of building projects. Working together, we will also spearhead digital transformation across the global property and construction industry, and enable companies to drive towards a healthier, more sustainable future," said Alister Dias, vice president, Google Cloud in Australia and New Zealand. About Lendlease Lendlease is a globally integrated real estate and investment group with core expertise in shaping cities and creating strong and connected communities. Lendlease has been entrusted with many projects of public, cultural and social significance: constructing the Sydney Opera House, creating the National September 11 Memorial & Museum in New York, and restoring and renovating historic buildings such as London's Tate Britain and National Theater. Headquartered in Sydney, Australia, our people are located in four operating regions: Australia, Europe, the Americas and Asia About Google Cloud Google Cloud accelerates organizations' ability to digitally transform their business with the best infrastructure, platform, industry solutions and expertise. We deliver enterprise-grade solutions that leverage Google's cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

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REAL ESTATE INVESTMENT

Dalfen Industrial Acquires 2-Building Sale-Leaseback in East Dallas

Dalfen Industrial | February 22, 2022

Dalfen Industrial has acquired a 2-building, 408,308 square foot industrial park via a sale-leaseback in Forney, TX – a submarket east of Dallas. The opportunity was sourced off market with the help of Matt Dornak of Stream Realty. In addition to the existing building, this acquisition provides approximately 4.85 acres of undeveloped land that could be used for an outdoor storage yard or a ~200K square foot expansion of the western building. This property is located in one of Dallas/Fort Worth's fastest growing industrial submarkets with great access to the metro's major thoroughfares such as I-635, I-30, and I-80. This location offers access to over 1.1 million people within a 30-minute drive with a very strong labor pool. Other prominent companies in the area include Amazon and Goodyear. Our belief in the strength of the East Dallas industrial submarket in Dallas/Fort Worth is evidenced by our continued acquisition and development in the area." John Lettieri, Market Officer for Dalfen. Dallas/Fort Worth is one of the leading industrial markets in the nation. The fundamentals are outstanding on all fronts, including population growth, corporate relocations, infrastructure and tenant demand, Dalfen plans to continue growing our footprint across the DFW metroplex." Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial. With this acquisition, Dalfen Industrial owns and operates close to 9 million square feet across key markets in Texas. About Dalfen Industrial Dalfen Industrial is one of the nation's largest buyers and developers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen, currently owns and operates close to 40M feet of industrial properties across the country.

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