Blackton Flooring and Roofing Supply To Open Third Central Florida Location in Leesburg, April 1

Michael “Micky” Blackton

LEESBURG, FL and  ORLANDO, FL  --- Blackton, Inc., one of Central Florida’s largest and most active suppliers of roofing and flooring materials to the homebuilding industry will open their third location April 1 in Leesburg.    

Michael “Micky” Blackton, chairman and CEO, said Blackton will open the new branch location at 105 Park Center St. , Leesburg FL 34748 to better facilitate current and new customers.

“This expansion will enable us to service current and new customers with greater turnaround time,” he said.   

Blackton added that his father Charles launched the roofing and flooring supply company the first week of April 66 years ago in a warehouse next to the train tracks on Alden Road near Ivanhoe antique row.   

Charles Blackton

 The company currently employs 50 and will initially operate the Leesburg facility with a staff of 18.  

Headquartered at 1714 Alden Rd. near Ivanhoe Row north of downtown Orlando with a retail location at 2200 N. Orange Blossom Trail.

Blackton has been supplying the home building industry from Jacksonville to Tampa for more than six decades.

CONTACTS:

Michael “Micky” Blackton, Chairman, Blackton Inc.

407-898-2661 Micky@Blacktoninc.com

Beth Payan, Larry Vershel Communications

407-644-4142 or 407-461-3781 Lvershelco@aol.com

JLL arranges $29.4 million financing for S’PARK Railyards in Boulder, CO

S’PARK Railyards (Railyards), a 69,263-square-foot, Class A office building at 3401 Bluff Street in Boulder, CO

CHICAGO, IL – JLL Capital Markets announced it has arranged $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder, Colorado.

Keith Largay

JLL worked on behalf of a joint venture between The John Buck Company, Kinship Capital and Element Properties to secure the five-year, floating-rate construction loan through Wintrust Financial Corporation. 

Railyards is the fourth out of a total of six planned buildings to be built by the joint venture. The last two projects will break ground by the end of year.

Railyards is located at 3401 Bluff Street in the S’PARK master-planned community, which upon completion will comprise 288 multifamily units, 106,029 square feet of office space, 31,363 square feet of ground floor retail and approximately 350 parking spaces across six separate buildings. 

Brian Walsh 

The project is located just two blocks from Boulder’s new Rapid Bus Transit Station and immediately adjacent to a future Northwest Rail Line Station. 

Additionally, Railyards has convenient access to a wide array of employment and entertainment options, including University of Colorado Boulder, the Google Campus, Lockheed Martin, and the Twenty Ninth Street and Pearl Street Malls, among others.

Anticipated for completion in March 2021, the four-story Railyards building will feature 64,000 square feet of Class A office space and 5,263 square feet of ground floor retail space.  

The office layouts have been designed with 25-foot spans between columns, providing nearly column free floor plates that offer uninterrupted views of the Flatirons.  Railyards is currently 92.4% pre-leased.

Leon McBroom

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Keith Largay and Senior Directors Brian Walsh and Leon McBroom.

According to Walsh, “The lending community was very excited about the opportunity to provide financing to market-leading sponsorship in one of the highest barrier-to-entry markets in the U.S.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

 December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

Contact:

 Kristen Murphy

 JLL Senior Manager

 Public Relations 

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

jll.com.

Residential Refinance Mortgages More Than Double in Fourth Quarter 2019

Todd Teta

IRVINE, CA — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), released its fourth-quarter 2019 U.S. Residential Property Mortgage Origination Report, which shows that 1.27 million refinance mortgages secured by residential property (1 to 4 units) were originated in the fourth quarter of 2019.

That figure is up 20 percent from the third quarter of 2019 and up 104 percent from the fourth quarter of 2018, to the highest point since the third quarter of 2013.

With interest rates near all-time lows, the refinance mortgages originated in the fourth quarter of 2019 represented an estimated $391.3 billion in total dollar volume, up 19 percent from the previous quarter and up 138 percent from a year ago to the highest level since the first quarter of 2013.

Total residential loan originations rose 40 percent, year-over-year, in the fourth quarter of 2019 to 2.27 million, the highest point since the third quarter of 2016.

  

“The fourth quarter was a banner period for residential mortgages across the United States, as declining interest rates and a strong economy helped spur more than 2 million borrowers to sign on for new or refinanced loans,” said Todd Teta, chief product officer at ATTOM Data Solutions.

 “Refinancing largely drove the trend, with more than twice as many homeowners trading in higher-interest mortgages for cheaper ones than in the same period of 2018.

"These trends could all change when the economic fallout from the Coronavirus outbreak hits. But the last few months of 2019 saw a burst of lending activity not seen in the U.S. housing market for several years.”

For detailed highlights of the report, please contact:

Christine Stricker

949.748.8428

christine.stricker@attomdata.com

Data and Report Licensing:

949.502.8313

datareports@attomdata.com