The Milestone Group, a real estate investment management firm focused on multifamily assets, has acquired the Axis Delray Beach Apartments, a 488-unit, garden-style community in Delray Beach, Florida. Axis Delray Beach features one-, two-, and three-bedroom garden and...
Dominion Financial Services, a Baltimore-headquartered private lender for real estate investors, has rolled out its Third Party Origination Broker Program. According to the company, the program will enable its broker partners to access long-term DSCR rental loans with...
Pending home sales were down by 2.1% in May from April, according to new data from the National Association of Realtors (NAR). Year-over-year, pending sales were down by 6.6%. Last month, NAR’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home...
Mortgage rates continued to sink away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.86% as of June 27, down from last week when it averaged 6.87%. A year ago at this...
The financially troubled Walgreens pharmacy chain is planning to close a substantial number of its U.S. stores over the next few years. In a Wall Street Journal interview, Walgreens Boots Alliance (NASDAQ:WBA) CEO Tim Wentworth said the company is reviewing roughly...
Bluegrass Realtors has named Richard Gibbens as the new CEO for both the association and the Imagine MLS in Lexington, Kentucky. Gibbens was previously executive director for Southwest MLS, a wholly owned subsidiary of New Mexico’s Greater Albuquerque Association of...
Florida Home Sales Activity Ratchets Up
