New York City recorded the completion of 33,974 new homes in 2024, the most units completed in a single year since 1965. The Department of City Planning (DCP) attributed this figure to the increase of permitting during 2022 ahead of to the expiration of the 421-a tax...
A pair of Winnipeg real estate agents were disciplined by their industry association following a complaint by a homebuyer over their handling of her property purchase. CBC reports the complaint was brought by first-time buyer Chantal Orsak, who bought a home in 2022...
New York City-based Franklin BSP Realty Trust Inc. (NYSE: FBRT) is acquiring NewPoint Holdings JV LLC, a privately held commercial real estate finance company headquartered in Plano, Texas. The financial terms of the deal were not disclosed. According to the...
A significant lack of affordable housing is preventing major corporations from relocating their headquarters to Cyprus, according to the Mediterranean island’s Association of Large Investment Projects. According to a Cyprus Mail report, the association declared that a...
The US recorded a housing gap of 3.8 million last year, despite having new home construction outpace household formations for the first time since 2016. A new data report from Realtor.com determined it would take 7.5 years to close the housing gap at the 2024 rate of...
Wells Fargo (NYSE: WFC), the nation’s fourth-largest bank, has sued JPMorgan Chase (NYSE: JPM), the nation’s largest bank, to recover losses for investors in a $481 million commercial real estate loan that was allegedly made with an inflated financial metric. Reuters...
