Mortgage application activity enjoyed a vigorous upswing during the week ending Feb. 27, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11% on a seasonally...
Parkspring Multifamily, a Texas-based real estate investment and development firm, is set to break ground on The Lucille, a Class A garden-style apartment community Fredericksburg, Texas. Located on a 14.28-acre site, the community will feature 240 residences across...
JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX), has acquired West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts, for approximately $32 million. The property...
A new survey of Montana voters found an overwhelming lack of support for replacing property taxes with a new statewide sales tax. The survey, conducted by Montana Free Press and the Eagleton Institute of Politics at Rutgers University found 48% of respondents stating...
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
A former credit loan officer in Massachusetts was sentenced to 18 months in prison, followed by two years of supervised release, for defrauding his employer out of almost $1 million. According to the charges brought against him, Brian Socha was employed at MassMutual...
