Greystone, a New York City-based commercial real estate finance company, has provided $19 million in bridge-to-agency financing for Tower Apartments, a 118-unit multifamily property in the Los Angeles suburb of Bellflower, California. Tower Apartments contains a...
An underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates. The U.S. Department of Labor Department’s Consumer Price Index (CPI) reported prices rose last month by...
RE Cost Seg, a New York City-based provider of cost segregation studies for real estate investors, has recruited Zac Prince as CEO. Prince was formerly the founder and CEO of BlockFi, a cryptocurrency financial services business. RE Cost Seg’s existing leadership team...
Secretary of Housing and Urban Development Marcia Fudge is resigning, effective March 22. Fudge represented Ohio’s 11th Congressional District from November 2008 until her confirmation at HUD secretary in March 2021. In a statement, President Biden praised Fudge,...
The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...
Naples, Florida-based Premiere Plus Realty has joined the United Real Estate family of companies. According to the companies, PPR produced over $3.29 billion in annual sales volume and 5,004 transaction sides in 2023. As part of this affiliation, PPR and its 1,500...
Hits and Misses for the Real Estate Week of Aug. 10-14
