Single‐family housing starts in January were at a rate of 1.004 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.7% below the revised December figure of 1.054 million. Privately‐owned housing...
The New York City Transit Authority has filed a lawsuit against Westfield Corp. to prevent it from terminating its operations at the lower Manhattan commuter hub Fulton Center less than halfway into its 20-year lease. Fulton Center currently has 68 retail tenants....
The head of the Federal Reserve Bank of Atlanta has credited the central bank’s rate policy for bringing down inflation, but he warned it was much too early to talk about cutting rates. In a speech delivered at New York University, Atlanta Fed President and CEO...
Two months after he jacked up the listing price of his Beverly Hills mansion from $70 million to $80 million, British music icon Rod Stewart cut the asking price to $72 million. Mansion Global reported the 33,000-square-foot property was first listed last June. When...
Reynolds Asset Management announced the closure of a $28.5 million refinancing loan for its multifamily complex The Mural in Orange, New Jersey. Reynolds broke ground on construction at the property in May 2022, completed construction in the summer of 2023, and...
FTK Construction Services, a nationwide general contractor specializing in affordable housing and LIHTC projects, has promoted Riley Goodman to vice president of finance and information technology. In his new position, Goodman will oversee all financial operations for...
Hits and Misses for the Real Estate Week of June 22-26
