There was an increase of activity in the mortgage application space, according to new data from the Mortgage Bankers Association (MBA) covering the week ending June 9. The Market Composite Index, a measure of mortgage loan application volume, was up by 7.2% on a...
Mortgage credit availability was something of an elusive commodity last month, according to the Mortgage Credit Availability Index (MCAI) data from the Mortgage Bankers Association (MBA). The MCAI dropped by 3.1% to 96.5 in May – the index was benchmarked at 100 in...
One of Hollywood’s most prominent real estate agents has relocated her business. Cindy Ambuehl, the former luxury estate director in the Santa Monica office of Compass, has been signed as the executive director of luxury estates at AKG | Christie’s International Real...
Massachusetts Gov. Maura Healey has unveiled the Massachusetts Community Climate Bank, which is promoted as the nation’s first green bank dedicated to affordable housing. This new endeavor is financed with $50 million from the state’s Department of Environmental...
The shopping center company Westfield is transferring the ownership of its Westfield San Francisco Centre shopping mall to its lender, citing a sharp decline in sales and occupancy. “For more than 20 years, Westfield has proudly and successfully operated San Francisco...
A coalition of nonprofit and church groups is advocating the transformation of a mostly dormant New York City psychiatric hospital into a 3,000-unit income-restricted apartment complex. According to a report in The Gothamist, the Queens Power grassroots coalition is...
Hits and Misses for the Real Estate Week of Aug. 24-28
