The top Republican and Democrat on the House Financial Services Committee have teamed on new endeavors to highlight the impact of artificial intelligence (AI) on the housing and financial services industries. Rep. Patrick McHenry (R-NC), the committee’s chairman, has...
The Consumer Financial Protection Bureau (CFPB) is reportedly rushing to complete new rulemaking ahead of the transition to Donald Trump’s second presidential administration. According to a Reuters report sourced from three unnamed “people familiar with the...
Ground has been broken on a new mixed-use, transit-oriented housing project adjacent to the Toronto Transit Commission’s Wilson Station that create 1,484 new housing units including 520 affordable rental homes. The project is a public-private partnership between...
Greystar Real Estate Partners has opened its first modular housing development today at Coraopolis, Pennsylvania, roughly 16 miles west of Pittsburgh. The Wall Street Journal reported the six-building apartment complex called Ltd. Findlay consists of 312 apartments,...
The delinquency rate for commercial mortgage-backed securities (CMBS) soared in November by 42 basis points to 6.40%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 4.58%. Trepp attributed the upswing to substantial increases in the...
President-elect Donald Trump announced his decision to nominate New Jersey-based real estate developer Charles Kushner to become the next U.S. ambassador to France. Kushner is the founder of Kushner Companies and is the father of Jared Kushner, Trump’s son-in-law. He...
Hits and Misses for the Real Estate Week of April 27-May 1
