The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
Pretium, an investment firm focused on U.S. residential real estate, residential credit, and corporate credit, has hired Jonathan Pruzan as president and a member of the executive committee, effective immediately. In this newly created role, Pruzan will oversee many...
Phoenix Investors, a Milwaukee-based real estate firm focused on the renovation and leasing of former single-tenant manufacturing facilities, has acquired an industrial real estate portfolio from United Furniture Industries that encompasses 13 facilities and two...
Commercial real estate developer Jeff Worthe has been named by President Biden to the U.S. delegation to the United Nations General Assembly, which begins today. Worthe is the president of Worthe Real Estate Group, a Santa Monica, California-based developer of Los...
More than three-quarters of prospective home buyers are now considering climate risks when they are shopping for residential properties, according to new research from Zillow (NASDAQ:Z, ZG). Zillow determined that 83% of prospective buyers consider climate risk when...
