Review Mortgage Lenders

Mortgage Depot

Mortgage Depot

Here's a commercial I produced for Mortgage Depot featuring the "Debt Monkey"

New York firm buys St. Paul Lowertown office building home to Great Hall, Jerome Hill Theater

Along the Green Line in downtown St. Paul, the block-length Lowertown office building that houses the Great Hall banquet center and was once home to Gander Outdoors is under new ownership.

New York City-based Gamma Real Estate purchased 180 E. Fifth St. out of receivership on Dec. 28 after a former owner, Minneapolis-based Talon Real Estate Investment Trust, defaulted on the mortgage.

The 14-story building was built in 1916 by Great Northern Railway magnate James J. Hill and offers more than 600,000 square feet of commercial and office space.

The building was designed by Charles S. Frost, the designer of the nearby Union Depot, to accommodate the offices of the Great Northern, the Northern Pacific Railroad and the First National Bank.

Located near Mears Park, it is home to the two-story, 500-person capacity Great Hall banquet center and the 267-seat Jerome Hill Theater.

The last weddings were held in 2018.

“Instead of being an event center, the Great Hall will be transformed into a really cool tenant lobby,” said Julie Bauch, of Bauch Enterprises, which manages and leases the building. With two notable exceptions, “the tenant mix has stayed pretty stable.

Home Depot And Lowe's Remain Sturdy Stocks, Raymond James Says (NYSE:HD)(NYSE:LOW)

America’s best-known home improvement companies may look like fixer-upper stocks, but they’re fundamentally like good old houses with solid underlying structure and have strong prospects, according to Raymond James.

Home Depot (NYSE: HD ) and Lowe’s Companies, Inc. (NYSE: LOW ) traded higher Tuesday after Raymond James offered reassurances about their prospects despite housing concerns.

Raymond James analyst Budd Bugatch reaffirmed Outperform ratings on both home retailers. The firm has a $205 price target on Home Depot and a $110 target on Lowe’s. (See his track record here .)

The Thesis

Bugatch acknowledged the big home stores have had a tough 2018 amid investor concerns over the housing market and fears of what the U.S.-China trade battle may do. Both stocks have underperformed the S&P 500 after years of outperforming the index.

“That said … we still arrive at the view that there has not been a major deterioration in the important fundamentals (home price appreciation, aging housing stock, home affordability, and household formation) that underpin a favorable U.S. home improvement environment,” Bugatch said in a note to investors. “Given our favorable view on the underlying environment, we are remaining constructively rated on both Home Depot and Lowe’s.

anyone use Lowe's/Home Depot for kitchen installation?

hubby and i will be inheriting a house from grandma and, well, it's stuck in 1953. everything is original to the house, including the appliances, rugs, etc.