NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Thursday reported a loss of $12.3 million in its first quarter. The New York-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 62 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share. The real estate investment trust posted revenue of $18.7 million in the period. Its adjusted revenue was $44 million. Ares Commercial Real Estate shar ..read more

What’s it like to own a historic lighthouse? The Craighill Channel Lower Range Front Lighthouse that Richard Cucé recently bought.(Courtesy Alex Cooper Auctioneers) The Craighill Channel Lower Range Front Lighthouse that Richard Cucé recently bought.(Courtesy Alex Cooper Auctioneers) Not only is it expensive to restore historic lighthouses, but it is incredibly physically demanding for private owners. Chesapeake Bay Magazine covered how these “Saviors of the Lights” struggle to keep up remote lighthouses in the Chesapeake Bay. Magazine editorial director Meg Viviano joined WTOP’s Michelle Bas ..read more

ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported first-quarter earnings of $12.9 million. The Atlanta-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share. The real estate finance company posted revenue of $25.2 million in the period. Angel Oak shares have climbed roughly 8% since the beginning of the year. The stock has increased 47% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access ..read more

A safety net for young mothers between the ages of 18 to 24 could be in danger of fraying. Funding for Olaiya’s Cradle, a program operated by Sasha Bruce Youthwork, faces a $190,000 gap after the U.S. Department of Housing and Urban Development denied a request to keep funding the program. The program received a low score on its most recent grant application. That decision is being appealed. Olaiya’s Cradle operates two group homes in Southwest D.C. The program is aimed at providing housing stability for young mothers who otherwise would be homeless. Without the funding, one of the two homes c ..read more

BALTIMORE (AP) — Growing up in the streets of east Baltimore surrounded by poverty and gun violence, two kids named Antonio became fast friends. Both called “Tone,” they were similarly charismatic and ambitious, with a shared dream of leaving behind the struggles that defined their childhoods. One has. The other never will. Antonio Lee was shot and killed last summer. In the weeks that followed, his friend Antonio Moore warned their peers about the consequences of retaliation, trying to prevent more needless bloodshed and stolen futures in a city that consistently ranks among the nation’s most ..read more

NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Friday reported a loss of $16.3 million in its first quarter. The New York-based company said it had a loss of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share. The provider of commercial real estate services posted revenue of $546.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMRK at https://www.zacks.com/ap/NMRK Source ..read more

DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported a loss of $14.1 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 83 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 46 cents per share. For the current quarter ending in June, NexPoint expects its per-share earnings to range from 40 cents to 50 cents. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NREF at http ..read more

The median price of a home that sold in Montgomery County in March was $590,000, up 10.3% from just a year ago. But the Maryland county is also diverse in terms of home prices, with a price point that may suit many different buyers. Depending on city or town, median selling prices in the county ranged from $415,000 to $1.4 million last month. “You’ve got areas from Dickerson and Sandy Spring, even though they only have a few sales there, they tend to have a high price. There’s Potomac, Cabin John and Bethesda. Then on the more affordable side of Montgomery County, you have Germantown and Burto ..read more

LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes. HomeServices of America said Friday that the proposed settlement would shield its 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation. The real estate company had been a major holdout after several other big brokerage operators, including Keller Will ..read more

NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Tuesday reported a loss of $3.1 million in its first quarter. The New York-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share. The real estate finance company posted revenue of $151.6 million in the period. Its adjusted revenue was $39.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KREF at https://www.zacks.com/ap/KREF Sour ..read more