Sales of new single-family houses in July were at a seasonally adjusted annual rate of 739,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 10.6% spike from the revised June rate of...
Federal Reserve Chairman Jerome Powell has given his clearest signal that central bank is ready to cut interest rates in September. In a speech delivered today at an economic symposium sponsored by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming,...
McDonald’s Corp. (NYSE:MCD) has announced plans to open over 200 new restaurants across the UK over the next four years, a $1.3 billion investment with the goal to create over 24,000 jobs. The new initiative is part of the “McDonald’s at 50” endeavor that highlights...
Cushman & Wakefield (NYSE: CWK) has hired Miles Treaster as president of capital markets, Americas. In his new job, Treaster will oversee the operations of the capital markets group, with a focus on strengthening its platform and driving scalable growth through...
Blackstone Real Estate Income Trust Inc. (BREIT) announced the promotion of Chief Operating Officer Wesley LePatner to CEO, effective Jan. 1, 2025. LePatner succeeds Frank Cohen, who is retiring as chief executive at the end of the year and will remain with the...
The Utah-based real estate brokerage Homie has filed an antitrust complaint against the National Association of Realtors (NAR), claiming that the organization’s member agents have steered prospective buyers away from Homie’s listings. According to a Deseret News...
Hits and Misses for the Real Estate Week of May 4-8
