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How A Son Of Freed Slaves Became A Real Estate Tycoon – Forbes

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Born in 1880, Anderson Hunt Brown used his natural business genius to become one of the nation’s first Black property moguls—and he used his wealth to effect serious advances for civil rights.


For Anderson Hunt (A.H.) Brown, frustration was a powerful factor that inspired much of his success. 

The frustration and pain of losing three wives to childbirth in his segregated hometown of Charleston, West Virginia inspired him to fight for adequate medical care for Black citizens. That push led to the opening of the Community Hospital in 1924, the city’s first state-of-the-art hospital for Black residents. Brown’s frustration with a lack of affordable housing for Black families inspired him to build a real estate empire based on filling that need. His frustration with discrimination, meanwhile, fueled a lifelong fight to desegregate Charleston and create opportunities for Black residents to thrive.

Brown was hardly alone in developing real estate for underserved communities. Many other developers did the same in a way that too often exploited Black customers who had few rights or options to live anywhere else. But the son of former slaves was part of a distinctive group of Black real estate developers who built their wealth from creating high-quality housing for people who had been living in slum-like conditions across the country. It’s a model that’s attributed to Black realtors such as Philip A. Payton Jr. in Harlem and Dempsey Travis in Chicago, who also built their holdings in the early 20th Century.

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Along with developing residential properties, Brown also built commercial properties and leased office space to fellow Black entrepreneurs in Charleston, creating one of the earliest Black-owned shared work spaces. By the time of his death in 1974 at the age of 94, Brown had owned and managed up to 100 properties, according to Andrea Taylor, 74, Brown’s granddaughter and senior diversity officer of Boston University.

Building wealth in real estate as a Black entrepreneur in the early 1900s was a daunting aspiration. Until the passage of The Fair Housing Act in 1968, racist policies or practices in housing were essentially legal. That made it hard to own real estate, and even harder to build a business in that sector. 

“In order for Black people and Black entrepreneurs to be successful, they had to be outliers,” says Don Peebles, CEO of The Peebles Corporation, which manages some $8 billion-worth of properties in New York and six other cities across the U.S. Even today, only about 2% of real estate firms in the U.S. are minority-owned, according to a study by Bella Research Group and the Knight Foundation.  

Brown understood that equation, using his influence and wealth to successfully launch court battles that struck down segregation laws at local swimming pools, libraries and lunch counters in his home state. He instilled that passion for civil rights in his children: His son, Willard L. Brown, became the first Black judge in West Virginia who represented the state chapter of the NAACP in a case of racial discrimination in public schools. That filing became part of the landmark 1954 U.S. Supreme Court case, Brown v. Board of Education of Topeka, that banned segregation in public schools. Today, Brown’s great-grandson, Wole Coaxum, is carrying on that tradition with his efforts to bring financial services to unbanked Americans and narrow the racial wealth gap

“[Brown] was really about community building and about diversity, equity and inclusion, which is now at the top of the ticket in every domain in this country,” Taylor says. “This didn’t happen by accident. There’s a long history here.”


Brown was born on April 23, 1880 in a three-room house in Dunbar, West Virginia. Recently freed from slavery, his parents took multiple jobs to make ends meet, enlisting Brown and his siblings’ help in their work as a farmer and laundress. Armed with only a fourth-grade education, family members say that Brown began his entrepreneurial journey at an early age: He would climb onto coal train cars, throw coal onto the tracks and, with his friends, sell it to local businesses for 50 cents. 

As a teenager, Brown learned to play trombone and traveled to Cincinnati and other Western cities with his brothers in their band, “Uncle Tom’s Cabin,” netting $10 a week (about $300 in today’s terms) for their performances. Upon his return to Charleston, Brown learned how to cut meat and opened a butcher shop and adjoining restaurant. Several years later, he took a real estate investing course in Boston and used his earnings to buy a house at 1219 Washington Street, next to Charleston High School.

Due to segregation, Brown saw a need to create the infrastructure the Black community needed to survive, Taylor says. In the early 1920s, Brown built and rented offices to local entrepreneurs, including a restaurant, a hot dog stand, a drug store, a barbershop, laundry rooms and a pool room. The thriving area around his properties became known as “The Block,” and was a safe gathering space for the Black community for more than 50 years, Taylor recalls.

“He was the entrepreneur, the money man and the person who knew how to finance projects,” she says. “He had an amazing work ethic. He had a routine that you could time him to the minute when he would have arrived at his office, when he would go to sleep at night and wake up in the morning, when he ate breakfast. He was a very methodical and very disciplined individual.”

Lucia James, a family friend of the Browns who lived in Charleston in the 1950s, recalls how Brown would outfit many of his offices with the supplies business owners would need. For example, while renting office space to a budding printer, Brown would equip the space with printing machines. “It was a microcosm of what was going on across the United States with the Black Wall Streets,” James says, of Brown’s successful block.

In addition to his commercial properties, Brown bought land around Charleston to build houses, which he rented affordably to Black community members who may have had trouble securing housing from the mostly all-white realtors at the time. When Brown’s children, Willard and Della, attended Boston University for their graduate degrees, Brown bought three properties in Cambridge, Mass. (Willard finished his Master’s degree in law 1936; Della, an artist, graduated with a Master’s of fine arts in 1945). As housing was not provided to Black students, Brown let his children live in one house, and rented out the others to their Black classmates.


“He actually walked the talk. He lived by the credo that he was in a position to help others and in so doing, he was enriched, but also the community benefited as a whole.”


To succeed as a real estate entrepreneur in Brown’s time period was quite remarkable. Todd Michney, a history professor at Georgia Institute of Technology, notes that Brown was working in a field that was “directly aligned against” him. In the 1920s, the all-white National Association of Real Estate Boards started petitioning the courts to have the term “realtor” be an exclusive trademark, so Black real estate professionals were not legally allowed to refer to themselves as “realtors,” he says.

And while Black real estate entrepreneurs like Brown could capitalize on the niche market of selling to their own communities, they faced challenges like a lack of access to bank loans, says Beryl Satter, a history professor at Rutgers University-Newark.

“The comparison between what a Black real estate entrepreneur or business person had to face versus a white one is quite extreme,” she says. “The successful ones had to overcome unbelievable obstacles, which is why we don’t know the names of that many standout real estate people who are African American.” 

But Brown’s name can be found in the lawsuits and injunctions he filed during his years-long civil rights campaigns, which he started in 1928 after his then-six-year-old daughter Della was not allowed into Charleston’s public library, James said. And once his son, Willard, opened his law practice in Charleston in the late 1930s, the two fought side-by-side to desegregate many of the city’s public services—though they didn’t fully succeed until the 1950s. 

“The fact that he’s combining access to good housing with civil rights means that he understood housing as a civil rights issue very early on,” Michney says. “That was something that you really didn’t see being discussed openly until the 1950s or 1960s.”

Taylor fondly recalls a time later in her grandfather’s life, when just years before his death, he boarded a bus with her in 1963 to attend the infamous March on Washington.

“He actually walked the talk. He lived by the credo that he was in a position to help others and in so doing, he was enriched, but also the community benefited as a whole,” Taylor says. “That is part of his lasting legacy.”

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Climate-Proofing Your Edmonton Garage Door: A DIY Guide

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Edmonton has a one-of-a-kind climate, which can be very harsh on residential garage doors. Homeowners need to ensure that their garage doors are able to withstand severe weather conditions lest they compromise the safety of their homes.

This piece aims at providing tips for DIY insulation, weather stripping and maintenance to enable you maintain your garage door in good working condition throughout the year.

 

 

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Significance of Climate-Proofing Your Garage Door

Adapting to any weather is possible when you ensure your Edmonton garage door is ready. It keeps your home warm, saves on power bills, and lessens the concern of what lies beyond coming in.

 

Tailoring Garage Doors for Edmonton’s Climate

Edmonton experiences lengthy freezing periods during winter. Such extreme cold requires tough garage doors; hence, people living around Edmonton should consider the Thermacore insulated steel door series, which are among the best. They are made to fight the winter cold by keeping the garage warm.

 

These doors block out all things chilly while retaining heat inside. As John Carter, who conceptualized garage door repair Edmonton, states, Choosing a garage door that can withstand the winter in Edmonton is not just wise but necessary.

 

Enhancing Insulation for Energy Efficiency

Start with the garage door when you want to make your home more energy efficient. It is a simple move, but one that pays off. If filled with materials such as polystyrene or polyurethane, this will keep heat in and cold out, especially during winters, when temperatures can drop significantly in places like Edmonton. This is not only for comfort’s sake; it also saves money on power bills.

 

Such improvements translate into great savings, generally speaking too. If you insulate your garage door along with windows and skylights, which are energy efficient, you will cut down on heating and cooling costs immensely. These alterations are relatively cheaper than other methods but will eventually have paid for themselves through reduced energy expenses.

 

Integrating Heat Pumps and Renewable Systems

Incorporating heat pumps in your home comes with a myriad advantages. These small devices pack quite the punch when it comes to saving power and, therefore, are ideal for those who wish to introduce green solutions into their living spaces. By slashing energy bills and cutting reliance on non-renewable power sources, these systems are easy on the bank account and good for our planet.

 

Homeowners who leap witness a rise in their indoor air quality levels while at the same time ensuring more comfortable living spaces; this contributes towards making the world eco-friendly. living sustainably should start from your home – this is among the many steps we need to take toward coming up with climate-resilient solutions for tomorrow.

 

Practical Approaches to Garage Door Climate-Proofing

 

Leveraging Canada Greener Homes Grants

Even Canadians can apply for the Canada Greener Homes Grant, which aims to make their houses energy efficient, including garage doors. It provides up to $5,600 to cover part of the expenses for eligible renovation works geared towards enhancing energy performance in a home.

 

Out of this total amount, not less than $5,000 goes into financing different types of retrofits, such as improved insulation or heat pump installation to create more comfortable living environments and save on utility costs. This support encourages eco-friendly renovations across Canada by helping cover the costs of retrofit improvements necessary for sustainable living enhancements.

 

These financial incentives are crucial for pushing forward energy-efficient upgrades and retrofit improvements without putting too much strain on personal budgets.

 

Implementing Garage Door Resiliency Features

Weatherproofing adds an extra layer of protection against storms and extreme temperatures. People typically seal gaps around their garage doors to prevent drafts and leaks, which also helps control the indoor climate. Adding storm protection features can shield homes against severe weather.

This may involve strengthened panels or materials capable of withstanding winds, rain, and snow. It ensures that despite whatever is happening outside, a steady temperature is maintained inside.

So, giving your garage door a climate makeover keeps out the cold and cranks up the cozy in your house. Taking advantage of programs like Canada’s Greener Homes makes it less of a hit on the wallet. Protecting against every kind of bad weather while still managing to be friendly towards both our planet and our finances Sounds like a win-win to me. Therefore, feel free to get all DIY with that garage door.

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Calgary’s ultra-luxury real estate heats up

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New report from Sotheby’s International Realty Canada highlights that the city leads the nation for demand growth.

Ultra-luxury homes in Calgary may not be selling like hotcakes, but homes priced $4 million or more are seeing higher demand than ever before, says a local realtor, specializing in the niche resale real estate segment.

“This spring, Calgary has seen multiple ultra luxury sales over the $4-million mark, compared with last spring,” says Corinne Poffenroth, senior vice-president of sales with Sotheby’s International Realty in Calgary.

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She points to one sale in late April in Upper Mount Royal for more than $5 million among a handful of ultra-luxury home transactions that are becoming more common, though still far from the norm in Calgary. The recently published Top-Tier Real Estate: Spring 2024 State of Luxury Report, by Sotheby’s International Realty Canada, reveals that Canada’s luxury market is recovering after the recent slump in activity in many major centres, resulting from higher borrowing costs.

It also highlights Calgary as a luxury market outlier with higher demand than other large cities, further adding the city should continue to lead Canada for percentage sales growth of high-priced homes.

“One big reason is Calgary is attracting a lot of new businesses right now,” says Don Kottick, president and chief executive officer of Sotheby’s International Realty Canada.

What’s more, Calgary is a value market for luxury, unlike Vancouver and Toronto where luxury starts at $4 million. In Calgary, by comparison, luxury starts at $1 million.

Yet luxury is a moving target in Calgary these days — upward in price, that is — given that the average price for a single-family detached home in the city exceeded $800,000 at the end of March, Calgary Real Estate Board statistics show.

Still, buyers are arguable purchasing a luxury home in Calgary for about $1 million, with Kottick noting a comparable home in Vancouver costs $4 million — which is considered luxury there.

Most luxury demand in Calgary is for single-family homes “accounting for 83 per cent of sales for homes priced at $1 million-plus,” Poffenroth says.

Yet ultra-luxury — $4-million-plus — in Calgary, often a slow market, has picked up, as noted in Sotheby’s report.

It points to two luxury properties worth more than $4 million selling in the first three months of the year versus none in the same period in 2023.

The market for luxury homes under that price, however, was much more active. All told, 441 sales over $1 million occurred in the first quarter of this year, an increase of 63 per cent year over year, the report states.

The vast majority of sales are in the $1-million to $2-million range, accounting for 92 per cent of luxury activity in Calgary.

While many of these transactions involve single-family detached homes, other luxury housing types — townhomes and condominium apartments — are seeing stronger demand than seen in the previous 10 years, Poffenroth says, pointing to recent sales for $1.5 million and $3 million for apartment condominiums downtown.

“We are seeing both downsizers wanting larger luxury condos and a lock-and-leave lifestyle to replace their large estates, combined with out-of-province buyers who see the investment value in Calgary luxury condos.”

CREB statistics from the first quarter of 2024 reveal 15 apartment sales of $1 million or more versus 10 in 2023, also a strong market historically. Row sales did fall from four to three sales year over year, ending March 31, but semi-detached transactions in that price range were up sharply from three last year to nine this year.

Kottick says the report forecasts improving demand for Canada’s luxury market, especially if interest rates fall, with Calgary expected to again be a luxury activity leader.

“The city is still booming economically, and that will certainly drive luxury sales.”

 

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This abandoned Toronto home is $6 million

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It’s unclear how long this Toronto house has been abandoned.

The last time it sold was in 2009 for $1.8 million, and even then, it was being sold “as is.”

“The house had been vacant and derelict for years before I purchased it,” said current owner Marina Stefanovic.

“And at the time the sellers, the estate of the couple that passed away, was not allowing showings inside the house for safety reasons. The children of prior owners had chainsawed the house throughout (floors, fireplaces, walls,  etc.) looking for a valuable coin collection that the parents had.”

For the record, the kids never found the coin collection.

When Stefanovic bought it she had grand plans but she told blogTO that it took a long time to get through the Committee of Adjustments for approvals of new plans.

By the time plans were approved Stefanovic, her family had moved out of the area and things stalled.

In 2017, 132 Blythwood Rd. went on and off the market for the entire year. It started at $6,188,000 and dropped to $5,295,000 by December, but never sold as a deal fell through.

132 Blythwood Road Toronto

The front of the house.

In the intervening seven years, the house has remained abandoned and has only become more derelict.

And yet, despite the abysmal state of this house, the home has just been re-listed for $6,385,000.

Why? You might ask. Because land. It’s always land.

132 Blythwood Road Toronto

An aerial shot of the neighbourhood and property.

132 Blythwood Rd. is sitting on a massive 77 by 403-foot ravine estate lot with a substantial amount of table land (aka flat ground).

With over 30,000 square feet of land, the possibilities of building a dream home are pretty much endless, if you have the cash.

You could have a sprawling estate with a pool, detached four-car garage, and enough room for the greenhouse of all greenhouses.

In fact, according to the listing, plans for a dream home are already in the works.

There’s a survey, previously approved renovation/extension plans by Richard Wangle, and draft plans for a 13,000-square-foot new build.

Or, if you’re more entrepreneurial, you could divide the property in two and build a whole townhouse development, a condo, or whatever you want.

132 Blythwood Road Toronto

The backyard and detached garage.

This property has the space and potential to pretty much do anything you can get a building permit for.

Location wise, it is in the prestigious Lawrence Park neighbourhood where homes, on average, go for over $4 million.

So that obviously plays a part in the listing price, but even considering all that $6 million is likely high.

When we ran the address through HouseSigma and looked at the comparables, the value of the 132 Blythwood Rd. was in the $4 million range.

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Looks like there once was a pool.

Then again, Stefanovic shared that in the years she’s owned the property she’s received a number of unsolicited offers – the highest offer being $6 million plus commission.

So who knows, maybe it will sell for close to the asking price.

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