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10 emerging real estate trends in 2021 | Business News

August 10, 2021 by NREB Staff

If you know of any local store openings or closings, please notify us here.

Scott Crocco, Chief Financial Officer and Executive Vice President of Air Products, will retire on September 30, 2021 after 31 years with the company. Melissa Schaeffer will succeed him

Laura McLain, Executive Director of the Slate Belt Chamber of Commerce, will retire in late 2021 after more than 21 years of service.

· Thomas Ripsam has been named Martin Guitar’s new CEO. He succeeds the long-time Chairman and CEO Christian Friedrich Martin IV.

. The owners of the Tucker Silk Mill will open a wine bar and garden in Down Easton in early 2022. Kabinett will have a predominantly Australian and German wine list with light fare and an outdoor deck overlooking the Delaware River.

Community Action Lehigh Valley promoted Dawn Godshall to Executive Director and Jessica Reimert to Assistant Executive Director, Operations, and hired Jaana Kelley as Associate Executive Director, Community Services.

The Trolley Stop Diner opens May 29 at 201 S. McCartney Street in Easton

· Bitty & Beau’s, a café that employs people with disabilities, will open a store at 74 W. Broad St. in Bethlehem.

PPL Corporation is named by DiversityInc as one of the country’s premier diversity workforce utilities

· Semper Pie, 14 S. Reading Ave. in Boyertown, holds a grand opening May 22nd with cheesecake and more.

· St. Luke’s OB / GYN – Complete Women’s Care, 9 Dave’s Way, in Hamburg will be accepting new patients from May 6th.

· Rolling Hills Recreation Mini Golf Course, 4565 Spring Hill Dr. in Schnecksville, will be officially opened on May 1st.

· The Red Rose Diner, Route 22 in Phillipsburg, announced that it would open on Jan.

· Pizza D’Oro restaurant on College Hill, Easton reopened as Joey D’s on April 21st. The restaurant offers both take-away and take-away meals.

· The Da Vinci Science Center announced that Lin Erickson, Executive Director and CEO, has been named a Take the Lead Award winner by the Girl Scouts of Eastern Pennsylvania.

. Deliciously Decorated, 143 S. Main St., Nazareth, will have a grand opening and a ribbon cut on May 8th from 11:45 am to 1:00 pm.

Jack Callaghan’s will reopen as Cuzin’s Pub and Grill on W. Tilghman St. in 2027.

. John L. Walsh will retire as President and CEO of UGI Corporation on June 25, 2021. He will continue to serve as a member of the UGI Board of Directors.

. Bru Daddy’s Brewing opens new Blended by Bru Daddy’s restaurant in downtown Allentown ArtsWalk. Soft opening is planned for May, grand opening in June.

BSI Corporate Benefits, LLC (BSI) promoted Valerie (Val) Lewis to Chief Operating Officer. Nationwide social benefits consultancy implements cost control strategies to manage its clients’ healthcare costs.

. UPMC Health Plan appoints Dr. Amy Meister as Chief Medical Health and Wellness Officer

· Center for Vision Loss, a nonprofit in the Lehigh Valley and Monroe Counties, changes its name to Sights for Hope

· PPL Corporation appoints Gregory Dudkin as executive vice president and chief operating officer. Stephanie Raymond will succeed him as President of PPL Electric Utilities.

· New Vision Theaters Tilghman Square 8 becomes Tilghman Square 8. The expected opening is April 2021.

.Genesis Bicycles in Easton was sold to Trek Bicycle. Genesis’ retirement sale begins Thursday April 1st

Opening of the European Wax Center in the Promenade Shops in Saucon Valley in summer 2021

· Split Pine Ax Throwing opens at 627 Hamilton Street in Allentown

· Krave 2 Taste opens a new location in the Lehigh Valley Mall, next to Verizon. The Frappe and Smoothie Shop will host a major opening event on March 27th from 12-3pm

First Commonwealth Federal Credit Union Appoints James Gagliano as New Chief Experience Officer

· New Bethany Ministries, Bethlehem, announced several promotions: Veronne Demesyeux has been named deputy executive director; Tina Sargent has been promoted to director of finance and administration; and Lisa Myers was called a controller.

. PPL Corporation was named Best LGBTQ Equality Employer in the Human Rights Campaign Foundation’s Corporate Equality Index 2021. It is the fifth year in a row that PPL has received high marks in the national report

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Originally Appeared Here

Filed Under: INVESTING Tagged With: cable, dcc, dccdbz, Personal finance, Real estate, Real estate market, the forklift

Karen E. Kennedy, President & Founder, National Asset Services and NAS Investment Solutions is Recognized as One of the Industry’s Women of Influence by GlobeSt. Real Estate Forum

August 3, 2021 by NREB Staff

THE ANGEL, August 3, 2021 / PRNewswire / – Karen E. Kennedy, President and Founder of National Asset Services (NAS) and NAS Investment Solutions (NASIS) has been named one of the most influential women in the nation by GlobeSt for 2021. Real estate forum.

GlobeSt. The Real Estate Forum has recognized a growing number of female traders for their remarkable achievements. These people have personally influenced the market and have significantly taken the industry to new heights with their outstanding successes.

Karen E. Kennedy, President and Founder of National Asset Services (NAS) and NAS Investment Solutions (NASIS) has been named one of the Influential Women in the Nation by GlobeSt for 2021. Real estate forum.

Ms. Kennedy has been recognized as an Investment Professional / Owner for successfully addressing significant challenges during the pandemic for both of the companies she founded; NASIS, a sponsor of high quality sub-real estate investments, and NAS, a leading real estate company specializing in commercial property and real estate management across the country.

Despite decreasing utilization challenges due to crippling pandemic-related issues, NAS closed 2020 with year-over-year growth in NOI with few outages and an average utilization of more than 90%. In addition, NAS Investment Solutions added $ 33 million on his investment sales under the direction of Ms. Kennedy, despite the challenges of raising capital for new acquisitions. Ms. Kennedy, a 37-year-old commercial real estate veteran, has served in several industry organizations including serving as a cabinet member for the The angel Chapter of the real estate department of the Jewish National Fund.

“I am humbled by this tremendous honor and share the appreciation with all of my team, family and industry colleagues,” commented Ms. Kennedy. “There are a growing number of strong female real estate executives who have risen to the tough challenges of our industry and are not only persistent but thriving. These amazing women are getting results and outperforming, which makes a positive difference.” every day in our shop. They have proven that women play an undisputed role in our industry today and that our industry has an even better future thanks to them. “

About National Asset Services (NAS)
Since 2008, NAS has served 2,520 investment clients and has an impressive track record of managing investment properties. The track record includes generating over $ 585 million in cash distributions to real estate investors and managing a commercial real estate portfolio of 168 different commercial properties covering 24.34 million square feet in 30 states. The total value of NAS’s managed portfolio in the company’s 11-year history is $ 3.3 billion.

Headquarters in Los Angeles, California, NAS manages a wide variety of commercial properties: offices, doctor’s offices, apartment buildings, retail, student dormitories, assisted living, and flexible commercial properties. The company manages single and multi-owner properties. NAS offers a wide range of asset management functions. These include: property management; Project management; Rental management; Acquisition and disposition services; Analysis of real estate strategy; long-term business goals; Monitoring changing market conditions; Investor relations; Real estate and investor accounting; Loan modification and processing solutions; Exit and hold strategies; Rental and marketing; Tenant loyalty plans; Studies; Location selection; Feasibility studies; Insurance risk management; Planning and tracking capital improvements; Property tax remedy services and cost segregation services.

About NAS Investment Solutions (NASIS)
NAS Investment Solutions was founded to leverage National Asset Services’ extensive investment management experience by identifying, buying, and improving commercial real estate investments across all sectors of the real estate industry. The company differs from other sponsors of real estate investments in:

  • Invest in the property together with investor customers
  • National Asset Services will manage the sponsored investment, making the company accountable for the entire holding period
  • Compliance with high acquisition standards and implementation of a comprehensive, transparent due diligence process
  • Thorough assessment of potential real estate investments using professionals with extensive experience in real estate acquisition and management
  • A proven track record in closing properties on time
  • Ensure investment properties are 1031 listed and qualify for self-directed IRAs

For more information on National Asset Services and NAS Investment Solutions, visit nasassets.com or nasinvestmentsolutions.com.

Jehovah’s Witnesses
310-795-8985
[email protected]

SOURCE National Asset Services

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Originally Appeared Here

Filed Under: INVESTING Tagged With: Awards, Banking and financial services, Commercial real estate, Diversity, Justice & Inclusion, National wealth services, Real estate, Small business services, Women

If trees and houses could talk: Oakwood’s history | History

July 24, 2021 by NREB Staff

Four historic oak trees surround a two-story timber-framed house at 3520 Hamilton Street in the Oakwood neighborhood of Hannibal, Missouri. If these trees could talk somehow, they could provide insight into the development of this area, which boasts the rich history of Texas, cattle trains, devastating fires, tram lines, fall festivals, plank streets, limestone mining, general store, church building and housing development.

The wrap-around porch, two meters above the surrounding land, would offer an additional perspective of the people – young and old – who once gathered there, enjoyed the summer breeze and talked until dark while children played underfoot.

Now owned by Colin Welch (Hannibal’s Fifth Ward Councilor), the building itself offers references to its own heritage, including an interior staircase made from native wood; a foundation made of local stone; the original and now restored front door, the reference to two additions to the structure during its long history, and the wooden floor, recently sanded and stained, original to the house. A now filled cistern reminds that the house remained outside the city limits and the available water supply long after the annexation of neighboring districts.

Which prophesies that this house, which he is slowly bringing back to life, will be his home forever, which he will give to his children and in turn to their children. But at the moment work is progressing with the availability of his free time.

By the time Welch bought the property, the front yard was overgrown with bushes and trees, which practically hid the house from the view of the street. He removed the paintbrush and revealed to the neighborhood the stately home he believes was built in the 1870s. Now he’s adding a road boundary to the property’s connection to Hamilton Street to upgrade the property.

The land the house stands on is the southwest corner of Lot 2, in historic Darr’s Addition. William Darr was a very early settler in the area, and after his death in 1855 the land was divided into 24 parcels. Darr’s land consisted of lots in Counties Marion and Ralls, separated by Hannibal-Paris-Plankenstrasse.

Lot 2 is framed by Hamilton Street to the south, between the parallel streets of what is now 36th (formerly Holmes) and Singleton Street. Lot 2 covers a total of 19.65 hectares.

During the Civil War, lots 2, 3, 4, and 5 (70 acres m / l) were owned by Jackson Riley. John B. Price (1822-1895) bought the same land through a sheriff sale in 1878. John J. Henderson, a lawyer, subsequently bought an acre of Lot 2 (the southwest corner) for $ 300 on April 23, 1889. and probably lived there with his young family.

Henderson sold the same morning on October 7, 1903 for $ 1,500 to 27-year-old Albert Link.

Albert Link and his bride Tena V. Rendlen Link lived in this house for at least the next decade, greeting children along the way. In 1923 the Albert Link family lived at 3236 St. Mary’s Ave., another rapidly growing neighborhood in the city.

Albert Link

James W. Link (1833-1909) settled in Oakwood with his family in 1883. His children who reached adulthood included: Charles T., Leon L., Albert L., Eugene A., Mattie and Alice Link, and William Z. Shortcut.

It was Albert, born in St. Charles, Missouri, in 1876, who bought the one-acre property from John J. Henderson in 1903.

Albert Link (1876-1962) wore a variety of hats during his livelihood years, including working with his brothers and father in grocery and grocery retailing, as well as real estate investing.

In 1926 he opened the “Tarry Long Camp *” south of the Salt River on the Hannibal gravel road and New London north of New London.

In the camp, he sold groceries, lunches, and soft drinks, and also offered a gas station.

The facility had free picnic areas, swings, boats, and more.

An announcement in the May 21, 1926 issue of the Ralls County Record reads: “Women and children in particular are invited to come and patronize my place. If you want to get away from the hustle and bustle of time for an hour, come to Tarry Long Camp. I am sure you will enjoy yourself. “

family

Albert L. Link died in 1962

Albertina Victoria Rendlen Link died in 1952.

They are buried in the cemetery of the Holy Family in Hannibal.

Children of Albert Rendlen:

Joseph Rendlen Link, 1905-1978

Leslie B. Link, 1908-1924

James William Link, 1913-1983

Charles R. Link, 1915-2004

Albert Leslie Link 1920-2000

Note: The phrase “stay a long time” has a biblical reference:

“But if I stay long so that you know how to behave in the house of God, which is the Church of the living God, the pillar and the ground of truth.”

Real estate links were taken from the files of the Marion County Recorder office in Palmyra, Missouri.

Mary Lou Montgomery, who retired in 2014 as editor of the Hannibal (Mon.) Courier-Post. She researches and writes narrative stories about the people who served as building blocks for the founding of this region. Books by this author available on Amazon.com: “The Notorious Madam Shaw,” “Pioneers in Medicine from Northeast Missouri,” and “The Historic Murphy House, Hannibal, MO., Circa 1870”. She can be reached at Montgomery.editor@yahoo.com. You can find their collaborative work at www.maryloumontgomery.com

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Originally Appeared Here

Filed Under: INVESTING Tagged With: albert l. shortcut, colin what, Construction industry, john j. Henderson, Lot 2, Real estate, road, William Darr

We unlock the mysteries of the language of your homeowners policy

July 23, 2021 by NREB Staff

Your home insurance is crammed with industry jargon and lawyers and isn’t exactly easy to read – but that doesn’t mean you should toss it without a peek in a drawer. After all, the words in this policy could mean the difference between having full coverage for a disaster or paying thousands of dollars to repair your home.

Below are some key terms to look out for when leafing through your home insurance, as well as tips on where to find the most important information.

Explanations

“The good news is that policies can be dozens of pages long … key terms and coverage are at the top of the explanations page,” said Landy Liu, general manager of insurance products at Better, an online mortgage company.

The explanation page is tailored to your home and includes details such as property address, amounts insured, premiums and discounts that have been applied.

Also on MarketWatch: Regulatory authority removes pandemic fee for mortgage refinancing

Check the statements carefully to make sure everything looks correct, advises Steve Wilson, Senior Underwriting Manager at Hippo Insurance. If it doesn’t, contact your agent or carrier.

Deductible

Another important detail to look out for on the explanation page: deductibles. This is the amount that you will be responsible for in the event of a claim.

For example, suppose a thunderstorm blows a tree on your home, causing $ 10,000 damage. With a $ 1,000 deductible, insurance pays $ 9,000 for repair costs.

More than one deductible may be listed on your declaration page, depending on the type of claim, says Angi Orbann, Vice President of Property and Personal Insurance at Travelers. For example, if you live on the coast, you may have a higher deductible for hurricane than for other claims.

The hurricane or storm deductible is often a percentage of your home coverage rather than a lump sum, Joseph Sanzo, property and casualty specialist at Barnum Benefit Advisors, said in an email. For example, if your home is insured for $ 250,000 and you have a 3% hurricane deductible, you are responsible for the first $ 7,500 of damage after a hurricane.

Exclusions

Your explanation page will tell you how much coverage you have, but it usually doesn’t explain what is not covered. For this information, look for sections of your policy with headings such as “Exclusions” or “Uninsured Damages”.

Also read: This “incredibly strong” home contents insurance pays out even if your property is not damaged

You will likely find long lists of scenarios your insurance company does not cover, including major disasters like floods and earthquakes. If your home is at risk from these disasters, you can often purchase additional coverage, according to Orbann.

“Be proactive and speak to your insurance carrier,” says Wilson. “Is that a flood area? Are there any other coverage I might need? ”An agent can identify potential coverage gaps and help you address them.

recommendations

A common way to close such loopholes is to get a confirmation that changes or adds to your insurance coverage.

For example, most standard homeowner insurance plans offer little to no coverage for damage from clogged drains or sump pumps, but you can likely add that coverage with a confirmation, says Wilson.

Confirmations are usually listed separately from the main body of your policy, often at the end.

Good to read: Here’s the science of why hurricanes keep hit some areas more than others

Special limits

If you have valuable personal items – like an expensive engagement ring or an extensive art collection – they may not be fully covered by a standard homeowner’s policy. Insurance companies often list “special limits” or lower limits for certain types of personal property, Orbann says.

For example, jewelry theft can only be covered up to $ 1,000. Special limits also often apply to cash, silverware, furs, weapons and items used for business purposes.

If your property is worth more than the sublimits on your policy, contact your agent or freight forwarder to discuss additional coverage. An expert opinion may be required.

conditions

The “Terms” sections of your policy are worth looking at as they explain how to get the coverage you are entitled to. Wilson recommends reading these parts of your policy so that you understand what to do when you make a claim. If you don’t meet the conditions, your claim may be denied.

In addition to other requirements for filing a claim, your policy may provide that you:

  • Protect your property from further damage after a disaster.

  • Notify the police if your belongings are stolen.

  • Provide an inventory of the damaged or stolen items.

The terms sections often contain other important information, such as: B. Reasons why the company can cancel your policy.

Next read: Home buyers are starting to factor flood and forest fire risks into their real estate decisions – and that affects price growth

Still confused about your home insurance? An agent can help. “Talk to a professional who will do your best to guide you through the specifics of your situation,” says Liu.

More from NerdWallet

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.

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Originally Appeared Here

Filed Under: INSURANCE, MORTGAGES Tagged With: Accident insurance, Accidents, article_normal, building, Building / content insurance, Buying / selling a house, company, Company / industry news, Content insurance, Disasters, Disasters / accidents, Financial investment services, Financial services, General news, House buying & selling, Industry news, insurance, invest, Investing / Securities, Investment advice, Investment advice / research services, Natural disasters, Natural disasters / disasters, Non-life insurance, Partner content, Personal finance, Political / general news, politically, property, Property / casualty insurance, purchase, Real estate, Research services, Risk news, Securities, sell a house

To win bidding wars, home buyers skip inspections. Is it wise

March 16, 2021 by Kelly Mattias

 

Alyse Storzieri and her boyfriend Robert Engel were shopping for their first home in New Jersey and faced a difficult market. When they found a home they loved last June, the couple followed their real estate agent’s advice to highlight their offer. They went over the asking price, tripled their deposit amount, and agreed to waive the home inspection.

In view of the bidding wars for limited residential real estate, more and more home buyers are foregoing home inspections in order to make their listings appear hassle-free.

The tactic helped Storzieri and Engel beat 12 other offers but left them worried there might be problems with the nearly 50-year-old house.

The couple planned to have Engel’s uncle, a professional building contractor, view the house while it was in an escrow account. But that failed when the sellers refused to let her in for another look. Ultimately, the deal failed when sellers couldn’t find a place to move, which is common with home sales contracts.

“After all the stress, I’d say don’t skip your inspections,” says Storzieri, who is now a real estate agent at Century 21 Mack-Morris in central New Jersey. “While it helped us get the bid, I wouldn’t suggest it.”

See also: Mortgage rates keep rising – and the $ 1.9 trillion pandemic aid could push them even higher

A standard home inspection can increase your confidence in the condition of a property before you sign on the dotted line. If you get a professional opinion, you can also negotiate repairs with the seller or withdraw from buying a property with major problems altogether.

If you are planning on buying a home this year there are a few things you should know before you agree to waive an inspection.

Why are buyers willing to forego?

According to the NerdWallets 2021 Home Buyer Report, an estimated 28 million Americans plan to buy a home in the coming year. At the end of 2020, the supply of available homes in the U.S. was just 1.04 million units, according to the National Association of Realtors – the lowest number since the NAR began collecting data in 1982.

When multiple buyers are vying for offers, the pressure to come up with a compelling offer can be very high. In the fourth quarter of 2020, the National Association of Home Builders Housing Trends Report found that overbidding was the number one reason buyers reported they hadn’t bought a home.

It is therefore not surprising that eager buyers can forego the home inspection. Real estate agent Redfin found that as of December 2020, more than 30% of successful bids submitted by its agents had the home inspection waived. However, this data covers offerings in four areas – Boston; Portland, Oregon; Washington, DC and the state of New Jersey – it’s more than twice as much as Redfin RDFN. + 1.60% state that they waived the inspection in December 2019.

Kish Munjal, an agent at Century 21 All Homes & Properties near Orlando, Fla., Says she also sees many buyers who simply want to skip the inspection to save closing costs. Regardless of the reason, Munjal is not comfortable without home inspections.

“You are buying the most expensive thing in your life when you buy a home,” she says. “We always advise you [to] Make sure you do a home inspection. ”

How home inspectors adapt

Nick Gromicko, founder of the International Association of Certified Home Inspectors, admits that many of today’s shoppers see this critical step in the buying process as an obstacle.

“If you’re in a hot market and include an inspection driver on your contract, your offer is worth less in the eyes of many sellers,” he says. At the same time, according to Gromicko, a home inspection should help buyers avoid buying a home that could turn out to be a “financial disaster”.

Do not miss: “The Covid 15?” If only – this is how much weight the average person actually gained during the pandemic

For buyers who feel pressured, Gromicko suggests closing this gap with a “pass-through control”. In this scenario, buyers would take a home inspector home to do a visual assessment during the first pass rather than a full inspection at a later time.

Gromicko developed this solution, and a basic contract inspector can define the scope of a pass-through inspection for customers on an emergency basis.

“It’s not in the best interests of my industry [buyers] Do a little less than a full house inspection, ”says Gromicko of the transit inspection. “The customer doesn’t really have a full home inspection to rely on, and the home inspector doesn’t have the full three hours and all of his tools and gauges to rely on. But it’s better than nothing. ”

How to make a strong offer without sacrificing the inspection

If you’re not keen on sacrificing the home inspection, know that you can use other tactics to make your listing more attractive to a seller.

  • Be fully pre-approved. Having a mortgage pre-approval letter in hand from a lender not only shows that you mean business, but also that you can get the funding to close the deal.
  • In your offer, ask for an “information inspection” and not for an “inspection option”. This language informs the seller that you are going to receive a full professional review, but it is for your information only: you will not ask them to pay for any issues they may discover.
  • Make a larger deposit. Yes, this can mean saving longer before trying to buy a home, but seeing more cash upfront can be tempting to sellers. There’s more money in your pocket instantly, signaling that your funding is solid and the deal is about to close. You don’t have to pay the full 20%, but an offer with a 3% deposit cannot stand up to bids with a 10% deposit.
  • Add an escalation clause. Sellers like this clause because it removes the need for back-and-forth negotiation between competing buyers. For example, Munjal had a client who offered to automatically bid $ 1,000 over any other listing up to $ 200,000 on a property listed at $ 189,900. The client’s offer was successful and brought the house for $ 201,000.

Even with a carefully crafted offer, you can still get turned down in this difficult market. Brush yourself off and try again and you will eventually find your happy home.

Continue reading: I am thinking of buying a home directly from the seller. He says I have to pay him a commission. Is that true?

Storzieri and Engel had accepted another offer last fall and this time they opted for a full inspection. Several problems arose, most dramatically a leaking shower on the second floor with water flowing through a kitchen light. But they were able to negotiate a credit note with the seller to make the necessary repairs – yes, in this market too.

 

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Filed Under: HOUSING, MORTGAGES, RESIDENTIAL Tagged With: Building & Construction, Buying / selling a house, Buying a house & amp; sale, construction, Consumer services, General news, Home Buying & amp; sale, housing, inspections, Partner content, Personal finance, Political / general news, property, purchase, Real estate, Real estate / construction, sell a house

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