PNC Bank N.A. announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 96, which is investing $128 million in the development and rehabilitation of affordable rental housing. According to the bank, the fund includes investments from PNC and four other banks...
A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property in Portland. Built in 2016 and located in the city’s North Pearl District, the property’s residential floorplans...
Boxing legend Floyd Mayweather didn’t wait for Santa Claus to bring him a present for Christmas – instead, he paid $20 million for a retail property in the heart of Manhattan. TMZ Sports reported Mayweather acquired the 1,540-square-foot multi-floor property, located...
The National Association of Realtors (NAR) has begun the process of revoking the charter for Phoenix Realtors after the Arizona-based group refused to withdraw its planned MLS Choice program. Real Estate News received an emailed statement from NAR that claimed Phoenix...
Illinois recorded 9,950 homes sales in November, up 2.8% from the 9,681 sold one year earlier. According to data from Illinois Realtors, the 20,863 homes available for sale statewide last month represented a 2.3% increase from the 20,401 available homes in November...
A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
