Realty One Group International has opened its first office in Dominican Republic. Sergio Gonzalez, who currently holds the master franchise rights for five of the company’s Central American and Caribbean markets – Costa Rica, Panama, Belize, Jamaica and the Grand...
National Multifamily Corp. announced the sale of a six-unit multifamily property in Greenwich, Connecticut, for $2.07 million, or $344,167 per unit. Company president Matt Cawley represented the seller and procured the buyer, a local real estate investor in the...
The Egyptian government has unveiled a plan to create a new city in a desert area west of Cairo. Reuters reports the 1,680-acre city is to be named Jirian, meaning “flow” in Arabic, and will be built along a new canal connected to the Nile River. The canal will serve...
Florida’s governor says no to public financing of a stadium, Iowa’s governor says yes to bringing down property taxes, and Kamala Harris says something (we’re not sure what) at an Australian real estate conference. From the wild and wooly world of real estate, here...
The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...
Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...
Hits and Misses for the Real Estate Week of April 27-May 1
