The Bank of England has followed the lead of the Federal Reserve by holding rates steady. The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%, with one dissenter seeking a 0.25 percentage point cut. In announcing its decision,...
Jonathan Lamore, a former CEO of the real estate investment and management firm Arciterra Companies LLC, was sentenced to five years in prison for manipulating the stock price of WeWork Inc. with a fake tender offer designed to fraudulently inflate the value of his...
Morris Davis, the Paul V. Profeta Chair of Real Estate and academic director of the Center for Real Estate at Rutgers Business School, was appointed to the White House Council of Economic Advisers (CEA) as the nation’s chief housing economist. In his new role at the...
Shopoff Realty Investments has acquired a 13.75-acre industrial property in Buena Park, California, that it plans to turn into a residential development. The company announced that $49 million in acquisition financing for the project was secured with support from JLL...
The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) announced its acquisition of Beacon Roofing Supply Inc. (NASDAQ: BECN) for $11 billion. Founded in 1928, is a leading distributor of roofing, waterproofing and exterior...
The Federal Reserve will not be cutting rates this month. The central bank’s policy making Federal Open Market Committee announced in a statement that it would “maintain the target range for the federal funds rate at 4.25% to 4.5%.” In making its announcement, the Fed...
Hits and Misses for the Real Estate Week of May 11-15
