The median asking rent for Los Angeles County fell to $2,603 in the second quarter, down $91 or 3.4%, from one year earlier. This marked the lowest level since the end of 2021, according to data from Realtor.com. The median asking rent is 9.6% below its 2022 peak,...
New York City’s Department of Buildings halted work on another office-to-residential construction project. The Wall Street Journal reports construction was paused at 750 Third Avenue, a 35-story office building that is being converted by developer SL Green (NYSE: SLG)...
The Real Brokerage Inc. (NASDAQ: REAX) announced that the Marshall, Virginia-based Chris Colgan Team has joined the company. The team’s arrival brings 28 agents to Real and expands the company’s presence across Northern Virginia and the greater Washington, DC...
Accurate Group announced that it has expanded its direct title and escrow capabilities with the issuance of an underwritten title company license covering all of California and a title agency license for Nevada. The Cleveland-based company noted in a press statement...
Lincoln Avenue Communities (LAC), an acquirer and developer of affordable housing, and the Housing Authority of Salt Lake City (HASLC) have broken ground on Erma’s at Fairmont, a 110-unit affordable senior housing development. Located directly across from...
The Federal Reserve opted to hold the federal funds rate in the range of 3.5% to 3.75%. The central bank’s Federal Open Market Committee voted 9-3 on this decision. The trio of dissenters were regional Fed presidents – Cleveland’s Beth M. Hammack, Minneapolis’ Neel...
