The European Central Bank (ECB) announced its second rate cut of the year by lowering its deposit facility rate by 25 basis points to 3.50%. The ECB’s interest rates on the main refinancing operations and the marginal lending facility were also decreased to 3.65% and...
The historic Gateway Hotel in El Paso, Texas, has been temporarily closed by a state judge amid accusations that the property’s owner enabled the Venezuelan criminal gang Tren de Aragua to operate from its premises. The El Paso Times reported Judge Maria Salas-Mendoza...
The number of active listings in the Mid-Atlantic region totaled 37,340 at the end of August, up 21.4% year-over-year, according to new data from Bright MLS. This represented a 2.06-month supply regionwide. Sales activity last month was more robust in the Mid-Atlantic...
A historic estate outside of Washington, DC, that once hosted George Washington has been listed for $11.5 million. Mansion Global reports the 43-acre estate in Purcellville, Virginia, features a manor house built in 1741 for Israel and Sarah Thompson, prominent...
Las Vegas-headquartered Kingsbarn Realty Capital has acquired a new single-tenant, net-lease medical clinic in Macungie, Pennsylvania. The property, known as Health Center at Macungie by LVHN (Lehigh Valley Health Network), was constructed in 2023 and features a...
Fort Lauderdale-headquartered BurgerFi International (NASDAQ: BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, has filed for Chapter 11 bankruptcy. BurgerFi was founded in 2011 and went public in 2020, acquiring Anthony’s Coal Fired Pizza &...
Hits and Misses for the Real Estate Week of May 4-8
