Twelve former agents with Massachusetts’ Success Real Estate have sued the company, which abruptly shut down two weeks ago, and its owner Stephen Webster. According to coverage in The Patriot-Ledger, the agents said they are owed hundreds of thousands of dollars in...
The commercial mortgage-backed securities (CMBS) delinquency rate spiked by 17 basis points in December to 6.57%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 206 basis points. The percentage of loans that are seriously...
The S&P CoreLogic Case-Shiller US National Home Price NSA Index recorded its 17th straight new high, with a 3.6% annual return for October. This is down slightly from a 3.9% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.8%,...
Soccer great Lionel Messi held an initial public offering (IPO) of his real estate properties, valuing the portfolio at $232 million. Bloomberg reports Messi’s company, Edificio Rostower Socimi, is listed as a real estate investment trust (REIT) on the Portfolio Stock...
The homebuilder Century Communities Inc. (NYSE: CCS) is now selling homes from its Century Complete brand at Hewett Place, a new community in Supply, North Carolina. Hewett Place offers 101 single-family homesites with five floor plans available up to 1,765 square...
Hits and Misses for the Real Estate Week of May 11-15
