The Correctional Service Canada announced the transfer of the Saint-Vincent-de-Paul Penitentiary in Laval, Quebec, to Canada Lands Company (CLC) by the end of the year. CLC is a self-financing, federal Crown corporation specializing in real estate and development, and...
Echo Real Estate Capital Inc. has acquired the Rampart Medical Campus, a two-building, 71,000-square-foot medical office development located in Denver. The Denver Post reported one of the buildings was sold for nearly $4.5 million and the other was sold for $4.1...
Seven Hills Realty Trust (Nasdaq: SEVN) has named Matthew Brown appointed as chief financial officer (CFO) and treasurer. Brown is a senior vice president of The RMR Group (NASDAQ: RMR), an alternative asset management company where he oversees the accounting and...
Detroit-headquartered Rocket Companies (NYSE: RKT) has announced its acquisition of the Seattle-headquartered brokerage Redfin (NASDAQ: RDFN) for $1.75 billion, or $12.50 per Redfin share. “Rocket and Redfin have a unified vision of a better way to buy and sell...
A Nigerian national extradited to the US made his initial appearance in a Miami federal court on Friday to face accusations for his role in an $8 million fraud scheme that obtained loans in connection with the phony purchases of approximately 20 residential properties...
Hits and Misses for the Real Estate Week of June 22-26
