Property valuation has always been one of the stranger parts of the mortgage transaction for consumers. A buyer can negotiate a purchase price with a seller, provide months of financial documentation to a lender and get all the way through underwriting only to have...
A Miami real estate developer was sentenced to 11 years and four months in prison following his guilty plea to money laundering and payroll tax conspiracy charges. Rishi Kapoor was the CEO of Location Ventures, a real estate development company that purported to...
Iowa recorded 3,607 closed home sales in July, a 16% decline from the 4,304 transactions in the prior month and 4.2% jump from the 3,482 transactions from one year earlier. According to data from Iowa Realtors, the 3,232 pending transactions last month represented a...
A 268-unit apartment complex in San Jose has been sold for $122.3 million. The San Jose Mercury News reports an affiliate of the San Francisco-based Carmel Partners acquired property all-cash deal, according to documents filed with the Santa Clara Court Recorder’s...
An Atlanta suburb has approved a rezoning plan for a mixed-use development that would include a hockey arena and rental housing. However, the rental housing component would be cancelled if the development cannot land a National Hockey League team. The Atlanta Business...
JLL Income Property Trust (NASDAQ: ZIPTAX) has acquired Midtown Village, a shopping center in Tuscaloosa, Alabama for approximately $94 million. The property is a 345,000-square-foot open-air retail center and is leased to a mix of prominent national chains and...
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4
