Tom Barkin is president of the Federal Reserve Bank of Richmond. This article is adapted from a recent speech delivered during theGlobal Interdependence Center’s Central Banking Series at Banque de France in Paris. By the first quarter of 2022, the Fed’s...
A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...
Dallas-headquartered Dalfen Industrial announced the State of Florida purchased one of its buildings in the recently developed Midpoint Florida Logistics Center in Auburndale, Florida. The 423,000-square-foot warehouse has direct access to a full diamond interchange...
Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
The commercial properties owned by Cohen Realty Enterprises, including a pair of prominent movie theater chains, will go up for auction on Nov. 8. According to a Deadline report, Fortress Credit Corp. sued Cohen earlier this year for defaulting on a large loan backed...
Hits and Misses for the Real Estate Week of June 15-19
