The Washington Commanders have selected a joint venture of Clark Construction Group, Mortenson, and Smoot Construction Company of Washington, DC to lead the construction of its new 1.8 million-square-foot stadium in Washington, DC. The new 65,000-seat enclosed stadium...
The national multifamily vacancy level is predicted to increase to 8.2% by the end of this year before easing to 8.1% at the end of 2027, according to a new forecast by Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP). Stabilized vacancy is...
The pharmaceutical giant Bristol Myers Squibb (NYSE: BMY) has chosen Houston as the site for a new $2.3 billion manufacturing campus. The new 600,000-square-foot campus will be modular and multi-modal. Its modular design will enable the company to add and reconfigure...
Joshua Schuster, a former New York City real estate developer, was sentenced to four years in prison for his role in a scheme to defraud investors in large real estate development projects. According to the charges brought against him, between 2018 and 2022 Schuster...
The Maine housing market heated up in July with 1,697 homes sold during the month, a 7.75% surge from one year earlier. “Active home sale listings exceeded 6,200 for the first time since December 2019, resulting in the eighth best July since the year 2000,” said Judy...
Mortgage application activity trended higher during the week ending Aug. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.6% on a seasonally adjusted basis...
Brooklyn Condo Developer Ordered to Pay $6 Million to Defrauded Buyers
