Commercial Mortgages: Lenders of some commercial real estate loans look for better times in 2021 | Business News

Like Led Zeppelin’s classic hit “Good Times Bad Times,” lenders and real estate owners experienced the ups and downs of 2020 in a variety of ways.

Along with owners of hotels and mall owners, conduit lenders were clearly on the bad times side of that riff.

Conduits make a business of originating loans, packaging them together and selling them as commercial mortgage-backed securities.

Like many industries, that business came to a screeching halt in March, but, unlike other real estate lenders, conduits never really rebounded for much of the year. In fact, volume for commercial mortgage-backed securities in 2020 was down some 43{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} from 2019.

The primary reason is commercial real estate didn’t change hands as rapidly in 2020 as in 2019. Investment sales of commercial real estate in the U.S. dropped 32{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} when compared to 2019, according to Real Capital Analytics, a New York-based commercial real estate data firm.

The other reason is hotel and retail properties are a tough sell for any lender. Loans backed by hotels make up 10.24{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of all CMBS loans outstanding, while retail properties currently make up 14.46{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}, according to analytics firm Trepp LLC.

Even though 2020 was a bad year for loan volume

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UAB School of Business Current News – Collat School of Business

The Collat School of Business has launched new opportunities for business students to excel in real estate.

Beginning this semester, students across all business majors interested in real estate can serve their community, advance their real estate education, network with working professionals and be eligible for a real estate scholarship.

Students who like to learn through experience and give back to their community will be interested in the HomeFirst service-learning initiative. Supported by the Federal National Mortgage Association (Fannie Mae), HomeFirst enables students to provide virtual counseling to homebuyers across rural Alabama.

The program teaches students how to provide financial coaching, individualized support and program referrals to low-income individuals and families seeking first-time homeownership. They gain real-world real estate experience while creating tangible change in their communities.

Students gain real estate knowledge in several Collat courses that also give them a leg up on the Alabama Real Estate Licensing Exam.

UAB students enrolled in real estate classes can now bypass the need for extracurricular education needed for exam eligibility, enabling them to get their license faster. Eligibility requirements are met by taking two courses: FN 370 Principles of Real Estate and an additional real estate course of the student’s choosing.

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AthenianRazak and Spruce Real Estate Partners Merge to form AR Spruce | News

PHILADELPHIA, February 5, 2021 /PRNewswire-PRWeb/ — Two prominent mission-driven Philadelphia real estate firms have come together to form a new powerhouse: AR Spruce. Effective October 1, 2020, AthenianRazak and Spruce Real Estate Partners merged to create AR Spruce, a new firm with unique character, vision, and capability, led by four principals: Maleda Berhane, Jackie Buhn, Alan Razak, and Philip Voutsakis.

The combination amplifies the two firms’ already deep capabilities to plan, create and manage real estate for its clients and its own portfolio. From early phase planning and feasibility to design and construction management to property management to repositioning distressed assets (“REO”), AR Spruce’s collective experience provides consummate expertise in every part of the real estate cycle, whether in big projects or small.

Beyond a simple merger of two companies, AR Spruce represents a conscious effort to advance change in the real estate industry, knowing that diverse teams can produce better processes and projects. The focused team that makes up AR Spruce has a common goal of achieving financial objectives by making the world better, emphasizing equity, sustainability, and respect for all.

The AR Spruce team already has a remarkably successful track record

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Haute Residence Welcomes Scott Goshorn To Its Exclusive Real Estate Network | News

BRENTWOOD, Calif., Feb. 5, 2021 /PRNewswire-PRWeb/ — Haute Residence is pleased to welcome Scott Goshorn to the exclusive Haute Residence Network as its representative in the Brentwood, California, luxury real estate market.

Real estate runs deep in Scott Goshorn’s blood. He grew up watching his mother hustle as a real estate agent in his home state of Ohio and her love of the business transferred over to him. Since those early days, Goshorn has been involved in all angles of real estate: as an investor, a commercial development deal maker, a fix and flipper, a short sale negotiator, and an owner.

It was only natural that he would parlay this experience into a full-time real estate career with Rodeo Realty.

“Joining this amazing company was a no brainer,” he says. “They are large in stature but like family in nature and offer what I call the ‘old school touch’. Since joining Rodeo Realty, I have been recognized as a President’s Circle top producer in 2016/2017 and a President’s Elite Platinum Circle producer in 2018 and 2019– representing the top 1.5{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of agents. I was recently recognized by Los Angeles Magazine as one of their annual 2020 Real Estate

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AHA News: Ideas for a Safe, Healthy Valentine’s Day Everyone Can Love | Health News

By American Heart Association News, HealthDay Reporter

(HealthDay)

WEDNESDAY, Feb. 3, 2021 (American Heart Association News) — “Valentine’s Day in a Pandemic” sounds like the title of a terrible album, or maybe the least-romantic date night movie ever. Unfortunately, it’s also reality in 2021.

That doesn’t mean the day can’t be fun, said experts who suggested ways to stay safe while celebrating.

Dr. Alson Inaba, a pediatric emergency medicine specialist at the Kapi’olani Medical Center for Women & Children in Honolulu, knows more than a little about matters of the heart: He was the first to teach CPR to the rhythm of “Stayin’ Alive,” an idea that spread worldwide.

For the sake of staying alive, nobody should forget the dangers of the coronavirus, he said. Even as people get vaccinated, they still need to protect themselves and others by wearing a mask, keeping a safe distance from people outside their household, avoiding large gatherings, washing hands and not sharing food and drinks.

But don’t despair, romantics.

Inaba, who also has a knack for speaking in phrases that would be right at home on a Valentine’s Day card, added, “It is still OK to share your heart, but be smart.”

This

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Karl Lagerfeld’s Miami Design Project Will Soon Be a Reality, Ian Schrager Turns to Tampa, and More Real Estate News

The villas, which include eight waterfront residences with private boat docking, are priced from $4.375 million.

A kitchen in the Tampa EDITION hotel and residences.

Photo: Courtesy of the Tampa EDITION

A New Edition Makes Its Debut in Tampa

Miami is not the only Florida city turning up the heat: The Tampa EDITION hotel and residences, designed by Morris Adjmi and Roman and Williams and envisioned by famed hotelier Ian Schrager, topped out this week, just in time for Tampa to host Super Bowl LV on Sunday.

The 26-story property combines 37 luxury residences with the city’s first five-star hotel, all located within Water Street Tampa, the city’s new $3 billion waterfront district and the world’s first WELL-certified neighborhood.

Each home offers custom Italian millwork from Molteni, Polaris White marble countertops and backsplashes, and bathrooms with extra-deep Kaldewei steel-enamel soaking tubs.

“It doesn’t often happen that you have the opportunity to work on such a transformative project that will change the heart and soul of what is an already great city,” Schrager tells AD PRO. “The Tampa EDITION is creating a new cultural focal point for the city and is helping to make Tampa the gateway city in

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Lehigh Valley Kitchen and Bath Remodel Company Partners with Chameleon Power, a Leader in Photographic Visualization Technology | News

NAZARETH, Pa., Feb. 2, 2021 /PRNewswire/ — Kitchen Magic, the premier Lehigh Valley based kitchen and bath remodeling firm, has partnered with Chameleon Power, a leading innovator in photorealistic 2D and 3D digital design tools.

The technology provides an accurate visual of the homeowners newly designed kitchen or bath. The company will add this new capability to their websites and in-home kitchen consultation & estimate services. The true-to-life rendering is based on the homeowner’s room layout, chosen materials, colors and styles. The announcement was made by Andrea Daube, Digital Marketing Manager, Kitchen Magic, and the Elements Bath Division. “Kitchen Magic is always looking for ways to enhance the quality of our products, our services, and our customer experience,” states Daube. “Kitchen Magic plans to launch the design tool in March 2021 across all platforms,” adds Daube.

Design staff and their customers will configure and experience their design choices in a life-like digital environment. The customer’s finished results will be customized to their layout, then complimented with Kitchen Magic product styles and colors. The application includes an asset management storage library, for an accurate kitchen or bath assimilation. The remodeler will incorporate its vast custom-line of door

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Tim Allen reuniting with Richard Karn for a Home Improvement reunion, Entertainment News

The two former co-stars are hosting the new game show Assembly Required for the History Channel, and the project might be the closest fans get to a real-life edition of their fictional show within a show, Tool Time. 

The pair are back together as hosts and executive producers alongside resident expert and DIY YouTuber April Wilkerson, as the show challenges builders across the US to “breathe new life into everyday household items in desperate need of fixing”.

Tim commented: “They say a longtime friend is someone who responds with, ‘This is by far your worst idea ever’…Fortunately, this was a great idea working with Richard.

“I loved those days doing Tool Time. We both share a great appreciation of people who can solve a problem not by talking about it, but by ‘doing’ it with creativity and amazing building skills. Plus it gives me more time to make fun of his fake beard.”

Detailing the show, the History Channel added: “This new series will push each contestant to their limits while testing their ability and ingenuity to not only rebuild it but to build it better.

“In each episode, Allen and Karn will also dive into the unique history around

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Quick and easy Valentine’s Breakfast Ideas with Sprouts Cooking School – WISH-TV | Indianapolis News | Indiana Weather

We can feel the love in the air!

In our kitchen today, Stephanie Drewry, Owner of Sprouts Cooking School and her daughter Grace, show us how to make a Valentine’s Fondue and some yummy pink heart-shaped Cinnamon Rolls.

Sprouts Cooking School is Indiana’s only dedicated kids cooking school, featuring cooking classes for ages 3-13.
We’re located at 13190 Hazel Dell Pkwy, Carmel, IN 46033 (near Main Street and Hazel Dell Pkwy).
We are peanut and tree nut free cooking school. Additionally, we do our best to accommodate any other allergies if given advance notice at the time of booking.
We’re passionate about nurturing adventurous palates, building a strong foundation for a lifelong love of cooking and encouraging all families to cook together. Sprouts features:
· single session cooking classes
· special family fun cooking classes
· an exclusive MemberChef® program featuring skill-based culinary curriculum
· seasonal cooking camps
· and cooking themed birthday parties (currently with a birthday box virtual party option)
Our MemberChef® program is modeled after culinary school and is intended for students who have a true passion for cooking and want to elevate their skills in the kitchen. Each month our curriculum focuses on a specific culinary

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How to design an easy-to-clean kitchen, Lifestyle News

If there’s one thing every home cook dreads, it’s cleaning up the kitchen after cooking.

Cooking can be messy, dirty affair, leaving your space with piles of dirty dishes, food spills and grease.

To keep your sanity in check and to avoid dousing your passion for cooking, you will want to design an easy-to-clean kitchen that will help to minimise clean-up time. Here are some tips. 

Go with an induction hob

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While you can do much more with gas hobs in terms of cooking, induction hobs are the go-to for easy cleaning.

Their flat, glass surfaces, lack of crevices and absence of burner rings mean you can wipe them down at one go after cooking.

Get a hardy, non-porous countertop

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Countertops are the workhorses in our kitchen so you will want to make sure you choose a material that can take all kinds of hits and spills.

Our recommendation? Quartz.

This material is non-porous, resistant to stains and not prone to scratches or chipping, making it really easy to clean.

Semi-gloss, smooth laminates for the win

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Overly glossy laminates show up fingerprints easily so aren’t the best choice for your cabinets. Matte laminates can conceal fingerprints, but they aren’t the

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