Contrary to the “Field of Dreams” catchphrase, new apartment complexes are being built but not that many people are coming to rent units. According to new data from Redfin (NASDAQ:RDFN), less than half (47%) of newly constructed apartments that were completed in the...
The multifamily community owner Morgan Properties has acquired a portfolio of 11 multifamily properties throughout Pennsylvania from the original developer and owner, The DePaul Management Company. The acquisition encompasses 3,434 units in the suburbs of Philadelphia...
The multifamily developer Thompson Thrift announced its next project will be The Levi, a 212-unit Class A multifamily community located in the Atlanta suburb of Stockbridge, Georgia. The Levi will encompass roughly 15 acres within the 158-acre master-planned community...
A presidential debate that mostly ignored housing issues, a growing disenchantment with homeownership and an effort to repopulate the villages of rural Italy. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 24-28. Miss:...
A prominent housing economist had declared the U.S. housing market is “stuck and we are not convinced it will become unstuck” until at least 2026 or even later. In an interview with CNN, Michael Gapen, head of U.S. economics at Bank of America (NYSE:BAC), insisted...
The British Columbia Securities Commission (BCSC) announced it is returning $2.1 million to investors who were defrauded in a real estate investment scheme that drained $33 million from its victims. In 2016, the BCSC found sisters Siu Mui “Debbie” Wong and Siu Kon...
Texas Attorney General Warns Localities Against Violating New Law in Raisin…
