The site of the nation’s worst nuclear accident is being updated and restarted as a power source for data centers. The Wall Street Journal reported Constellation Energy (NASDAQ: CEG) and Microsoft (NASDAQ: MSFT) are partnering to reinvent Pennsylvania’s Three Mile...
The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
Rep. Alexandria Ocasio-Cortez (D-NY) is calling for the creation of a new federal entity to build “social housing” and then sell those properties agencies and organizations that would manage them in “permanent affordability.” Ocasio-Cortez, in a New York...
The Federal Reserve announced a rate cut for the first time in nearly four years. The central bank’s Federal Open Market Committee enacted a 50 basis point reduction on its benchmark federal funds rate, which stood at a 23-year high of 5.25% to 5.5% range for the past...
An attorney who operated a Georgia-based real estate law firm pleaded guilty to fraudulently obtaining nearly $300,000 in Economic Injury Disaster Loans (EIDL) during the Covid-19 pandemic and to using his attorney escrow account to launder more than $250,000 from...
Global Real Estate Advisors (GREA), a real estate advisory firm specializing in multifamily acquisitions and dispositions, announced the appointment of Tiffany Wright as its new CEO. Wright is chief operations officer at HFO Investment Real Estate, a Pacific...
