Spending on data center construction totaled $22.3 billion in June, the second-highest monthly total on record. According to a new data report from ConstructConnect, June’s total was second only to the January record high of $25.5 billion. Year-to-date spending on...
North Carolina’s Contemporary Art Museum of Raleigh (CAM) has announced that it is putting its building up for sale. For the past 15 years, the museum has been located in a repurposed warehouse built in 1911. CAM does not have a permanent collection but instead offers...
The national median list price was $428,950 in July, essentially unchanged from June but down 2.4% from one year before. According to a data report from Realtor.com, July marked the ninth consecutive month of annual price declines. At the same time, the share of...
A former Massachusetts-based certified public accountant (CPA) was sentenced to six months in federal prison for her role in a $19 million fraud scheme involving commercial properties. Christine Gendron was also ordered to pay $392,607 in restitution. After her...
Spirit Investment Partners has teamed with Strategic Value Partners LLC on the off-market acquisition of an 895-unit Texas-based portfolio from Resia, the US multifamily real estate and modular manufacturing subsidiary of the Brazilian homebuilder MRV&Co. The...
New York City Mayor Zohran Mamdani extended the deadline for appealing his new pied-à-terre tax by an additional month. The pied-à-terre tax is designed to target the owners of luxury second homes – condominiums and co-ops valued at a minimum of $1 million and one- to...
