Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 7.2% year-over-year during 2024 while total HELOC and home equity loan debt outstanding grew 10.3%, according to the Mortgage Bankers Association’s (MBA)...
Turnbridge Equities, a New York City-based real estate investment company, has begun site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina. When completed, Highline Glenwood...
Landingplace Hotels, the Bluffton, South Carolina-headquartered hotel franchisor, has launched two midscale, conversion-focused brands. The Landingplace Suites brand is designed to bridge the gap between extended-stay hotels and furnished apartments, offering flexible...
Sen. Elizabeth Warren (D-MA) is leading a group of progressive lawmakers in questioning a Federal Housing Finance Agency (FHFA) directive to the government-sponsored enterprises (GSEs) to count cryptocurrency as an asset for a mortgage. In a letter to FHFA Director...
High-profile real estate investor Grant Cardone has put out a call for a chief financial officer for his latest endeavor. “Looking for a CFO with REIT experience running a public company to take Cardone Capital public,” Cardone wrote on his X page. “If you are tired...
The Canadian government has announced the investment of over $81.5 million through the Apartment Construction Loan Program for the creation of 159 new rental units in Toronto. The nine-story development at 3101 Bathurst Street Vivant at Bedford Park will be developed...
Hits and Misses for the Real Estate Week of April 27-May 1
