The former headquarters of the WWE sports-entertainment empire was sold for $3.75 million to a developer who plans to transform the empty office property into luxury apartments. The Hartford Business Journal reports the 90,000-square-foot office building in Stamford,...
Virginia Realtors has announced the appointment of Rick Lugg as its new CEO. Lugg is being promoted from his positions as chief financial officer and chief operating officer at the trade group representing nearly 35,000 realtors. He succeeds Terrie Suit, who retired...
The Amherst Group, an Austin-based real estate investment, development and operating platform, has promoted Chris Avallone to chief financial officer (CFO), effective May 1. Avallone will retain his current position as head of merchant banking, with responsibilities...
Mortgage rates dropped below the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23, down from last week when it averaged 7.04%. A year ago at this time, it...
Rohit Chopra, is ready to depart from his job as the director of the Consumer Financial Protection Bureau (CFPB) – but as of this writing, the Biden-appointed regulator is still at work because President Trump has not named a new director for the agency. In an...
Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
Hits and Misses for the Real Estate Week of April 27-May 1
