The Egyptian government has unveiled a plan to create a new city in a desert area west of Cairo. Reuters reports the 1,680-acre city is to be named Jirian, meaning “flow” in Arabic, and will be built along a new canal connected to the Nile River. The canal will serve...
Florida’s governor says no to public financing of a stadium, Iowa’s governor says yes to bringing down property taxes, and Kamala Harris says something (we’re not sure what) at an Australian real estate conference. From the wild and wooly world of real estate, here...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
King Charles III has a new side hustle as the landlord for a short-term rental property. The Sun reports that The Folly, a three-bedroom Victorian house at the royal Sandringham retreat, is being rented to the public for $8,500-a-week. The refurbished property has a...
NEXA Adds Andrew Deyo and Group Representing About $100 Million in Annual P…
