City Ventures, a California-focused homebuilder specializing in energy efficient properties, announced the grand opening of Concord Court, a townhome community in the Los Angeles County city of Compton. Concord Court presents three floorplans that range from...
A fund managed by the real estate investment firm Kennedy Wilson (NYSE: KW) announced a pair of acquisitions – one for Tides on Commerce, a 336-unit apartment community in North Las Vegas, Nevada, and the other for Finisterra, a 356-unit apartment community in Tempe,...
Blackstone (NYSE: BX) is paying $2 billion for the performing commercial real estate (CRE) loans that Atlantic Union Bankshares Corporation (NYSE: AUB) acquired in its $1.6 billion purchase of Sandy Spring Bancorp Inc. in April. According to the companies, the loan...
A total of 10,649 closed home sales were recorded across Virginia in May, a mere 66 fewer than one year ago for a 0.6% decrease. According to Virginia Realtors, the stagnant rate of home sales occurred while inventory growth accelerated. There were 23,137 active...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of June 26, down from last week when it averaged 6.81%. A year ago at this time, it averaged...
The national median payment carried by purchase loan applicants increased in May to $2,211 from $2,186 in April, according to new data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index report. For borrowers applying for...
Hits and Misses for the Real Estate Week of March 23-27
