The National Association of Realtors (NAR) has announced the appointment of interim CEO Nykia Wright as its new chief executive. Wright became interim CEO last November. Her appointment makes history as the organization’s first woman and first Black chief...
The National Association of Home Builders (NAHB) offered cautious praise for Vice President Kamala Harris’ focus on the challenges facing housing affordability, expressing satisfaction that she is speaking about the subject but warning that some of her ideas would...
The controversy surrounding the last home where Marilyn Monroe lived took a new twist as the Los Angeles City Council voted to restrict tour buses from operating or traveling on streets near the property. According to a Westside Current report, the council’s 13-0 vote...
Rhode Island’s Affordable Housing Trust Fund is launching a $1 million pilot program to expand the availability of new income-restricted homes. According to the Providence Journal, the new “Turnkey Program” offers a direct subsidy to developers in exchange for an...
Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
BurgerFi International (NASDAQ:BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, acknowledged that it is undergoing “significant adverse developments” that could result in a bankruptcy filing and the shuttering of its eateries. The 102-unit...
Hits and Misses for the Real Estate Week of June 15-19
