Rocket Companies (NYSE: RKT) has reached outside of the real estate industry to hire tech executive Alessio Sanfilippo as CEO of Redfin, effective today. He succeeds Glenn Kelman, who stepped down in January six months after Rocket acquired the Seattle brokerage for...
Manhattan’s overall average asking rent in June led all major multifamily markets at a fairly significant $5,651, according to a new report from Yardi Matrix. The high rent, coupled with limited construction activity and a 98.2% occupancy rate, pushed Manhattan’s...
A real estate agent in Victoria, British Columbia, had his license suspended for six months and was fined $200,000 for violating rules related to a provincial affordable homeownership program. Castanet.com reports the British Columbia Financial Services Authority...
The Indianapolis-headquartered MIBOR Realtor Association, which encompasses nearly 10,000 members across 14 Indiana counties, has partnered with the Indiana Association of Realtors (IAR) to secure an initial $500,000 grant from the Realtors Relief Foundation for...
The real estate investment firm Kennedy Wilson has partnered with the Japanese construction company Shimizu Corp. to develop Caldwell, a 382-unit luxury multifamily community in the Atlanta suburb of Sandy Springs, Georgia. The community, which is being built on the...
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 24-28. Miss: Shrinkflation...
