Poplar Homes, a Cupertino, California-based proptech for single-family rental investors, has acquired Venture REI’s Arizona-based single-family for rent property management portfolio for an undisclosed sum. The acquisition marks Poplar’s entry into the...
The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
Birmingham, Alabama-headquartered Regions Bank (NYSE:RF) has tapped Fred Behnke to serve as head of the bank’s Homebuilder Finance team. Behnke most recently served as regional manager for the company’s east region and succeeds Danny Hill, who retired from Regions....
Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust (REIT) sector outlook from “Neutral” to “Deteriorating,” citing the tumult in the commercial real estate space. While Fitch noted that most of its rated REITs...
I was on YouTube the other day and came upon a 1959 interview where Mike Wallace introduced Ayn Rand to the American television audience. During the interview, Rand declared, “I am for an absolute, laissez-faire, free, unregulated economy. Let me put it briefly: I’m...
Recording superstar Rihanna has become the latest celebrity to list a property for sale – in this case, one of her residences in Beverly Hills is on the market for $10.5 million. And, yes, the property’s ZIP code is 90210. The half-acre property features a...
Hits and Misses for the Real Estate Week of Aug. 24-28
