Blackstone (NYSE: BX) announced that its Blackstone Real Estate Debt Strategies (BREDS) subsidiary launched a lending platform for homebuilders that is designed to enable the construction of over 50,000 for-sale homes annually. The new lending platform is supported by...
Guardian, a real estate investment and operating platform focused on multifamily properties, has partnered with PCCP LLC to acquire Ladd Tower, a 23-story residential high-rise in Portland, for $63 million. Built in 2009 and LEED Gold certified, the 322-unit Ladd...
Walgreens revealed the store it is closing on Chicago’s South Side lost more than $1 million last year due to high theft rates and declining prescription sales. Fox 32 Chicago reports executives from the pharmacy chain met with residents to explain their decision to...
Existing home sales during increased squeaked up by 0.2% from March, according to the National Association of Realtors (NAR). There was no change from the volume of sales recorded one year earlier. Month-over-month sales increased in the Midwest and the South, were...
Redfin announced the US debut of Sunscore, a property-level score that informs prospective buyers how much natural light a residential property receives. The launch marks an exclusive US partnership with the Austrian company Shadowmap, which developed Sunscore’s...
The National Association of Home Builders (NAHB) has rolled out the State Projections of Remodeling (SPR), a new platform that will present quarterly analysis of remodeling activity for each state based on total dollar volume, market share and change in remodeling...
