Sales

ClearWorth Capital has purchased the Renaissance Parc apartments at the Dallas North Tollway and Verde Valley in Far North Dallas. The 294-unit apartment community is adjacent to the Village on the Parkway shopping center. Jay Gunn with Berkadia brokered the sale with the help of Chris Mendenhall at ClearWorth Capital. Nathan Stone and Brad Mason with Berkadia provided financing. ClearWorth Capital is an independent real estate investment firm that owns more than a dozen properties in Texas.

I-20 Industrial LP purchased 14.6 acres from HCH Farms Ltd. of Dallas at 34980 LBJ Freeway in Dallas. HSM Equity Partners will build a 15,540-square-foot facility for OTR Fleet Service, a provider of maintenance services for commercial vehicles. OTR is relocating from Forney. Huntley Luna and Nick Robinson at Henry S. Miller Brokerage brokered the sale with Tom Clarke with Transwestern. Mark Smith Sr. of HSM Equity Partners will develop the facility.

Khop Management has purchased 1426 N Riverfront Blvd., a 4,265 square foot building in the Dallas Design District. The building will be the home of Kirk Hopper Fine Art and was sold by Quadrant Investment Properties. Matthew Otte of Whitebox Real Estate brokered the sale. The lease was arranged by Christy Thelen, Trey Smith, Ward Eastman and Lauren Napper of Cushman & Wakefield.

An investor has purchased the Bocks Board Packaging building, a 69,750-square-foot industrial property at 1520 East Wintergreen Road in Hutchins. Adam Abushagur and Sam Martin of Marcus & Millichap brokered the sale.

An investor has acquired a freestanding 2,866-square-foot Burger King on a 29,980-square-foot site located at 2215 W. University Drive in Denton. Matthew Rosenfeld with Weitzman handled negotiations.

A Dallas investor purchased the Bonita Gardens Apartments, a two-story 138-unit rental community located at 3410 Fordham Road in Dallas. Mark Allen and Courtland Charles of Colliers International

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for those interested in a little professional development.

Mark S. Sawyer, senior vice president and cannabis practice leader at Cross Insurance, has been in the insurance business for 30 years.

He started out in the 1980s with Aon as an account manager and worked his way up to opening his own agency, Sawyer & Sawyer Insurance Agency Inc., which was eventually merged into Corcoran & Havlin.

Mark Sawyer

But he believes one of his best decisions in all that time was to get into cannabis.

Sawyer developed the cannabis practice for Cross Insurance in 2012 to handle business from the Massachusetts medical use program, and later recreational use.

Sawyer spoke with Insurance Journal about his experience as a cannabis broker.

Insurance Journal: Why did you get in the cannabis and insurance space?

Sawyer: One of my co-workers was an early stage investor in a group. We took my background working with startup, life sciences and medical and formed a basic cannabis program from what was available back in 2012.

When we started, we had five carriers and two program options for clients. We now have around 20 carrier options.

IJ: Has this been a good financial decision so far?

Sawyer: Our cannabis practice is the leading risk and insurance team in New England and our client base is significant. In light of the many hours put in on research, education, product development and direct client services, it was a good financial decision. It took quite a bit of work initially, and now we have a very strong process and knowledge to

  • Kevin Matthews, founder of Building Bread, and Kelly Lannan, vice president of Fidelity Investment’s Young Investors for Personal Investing, joined Business Insider’s Tanza Loudenback to discuss investing for the Master your Money Live Digital Bootcamp.
  • The experts shared tips for developing an investment strategy, balancing risk within a portfolio, navigating market downturns, and more.
  • We’ve turned their insights and advice into a toolkit of best practices for investors who want to build wealth wisely.
  • You can watch the entire video from the event here.
  • This article is part of a series focused on millennial financial empowerment called Master your Money.

Thanks to the democratization of investing, largely through new technology, you don’t need to be flush with cash to be an investor today. Some of the best investment apps allow you to get started investing in mutual funds or fractional shares with $10 or less.

No amount is too small to invest when time is on your side, said Kelly Lannan, vice president of Fidelity Investment’s Young Investors for Personal Investing, during the Master your Money Live Digital Bootcamp: How to Be a Smarter Investor.

Still, she urges people to make sure they have their financial house in order before putting money into long-term investments: Establish an emergency fund, pay off high-interest debt, and ensure you’re contributing to workplace retirement plans that offer a match.

During the Live Digital Bootcamp, Lannan and Kevin Matthews, a former financial advisor and the founder of Building Bread, shared tips for developing an investment strategy, balancing risk within a portfolio, navigating market downturns, and more. 

Below, we’ve turned their insights and advice into a toolkit for smart investors.

Investing isn’t something you should do on a whim, the experts said. Everyone needs an objective for investing — the why that informs your strategy and

This morning, Noyo, a startup that provides APIs that link players in the health insurance space, announced that it has closed a $12.5 million Series A round of funding. 

The new capital comes less than a year after the startup disclosed that it had raised around $4 million in pre-seed and seed capital, and that its product was already in the market.

At the time it was clear that Noyo had a laser focus on its part of the healthcare world. Now, nearly a year later, the company confirmed to TechCrunch during conversations surrounding its new capital raise that it’s keeping its focus for now.

Linking the carriers and platforms of other insurance verticals, or varietals, will have to wait.

But Noyo is working in an enormous market, namely the U.S. health insurance universe, one that could provide it with space to grow for years to come. The startup sells the use of its application programming interfaces, or APIs, which in Noyo’s case allow customers to “execute, track, and confirm the fulfillment of member transaction requests to carriers,” citing the startup’s documentation

The company’s product was born out of frustration that Noyo co-founders Shannon Goggin and Dennis Lee dealt with while working for Zenefits, an HR tech unicorn that ran into problems with regulators and customers alike. For more on that story, our prior reporting is useful. (Notably, AgentSync is another API startup play under construction by Zenefits alums.)

The American healthcare market is enormous, lucrative and fraught with inefficiencies and antiquated technology. And the insurance portion of the healthcare market is similarly titanic and broken, providing an outsize opportunity for a startup that can navigate its politics and unique needs with a technology solution able to help incumbents speed up, and save money.

The Series A

As we know a technique of risk prevention is to insure a threat to the insurance company. The second policy is usually generally known as PIP or personal damage protection, is just like medical payments protection, however usually provides broader coverage. Trip cancellation insurance generally covers such things as recouping your cash if you need to back out of a visit, depart early, or in case your travel supplier goes out of business or claims chapter.

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