A historic church in the Harlem section of New York City is under contract to be sold for conversion into a mixed-used development. Crain’s New York reported Transfiguration Lutheran Church and two adjacent brownstones are under contract for $3.5 million to Brooklyn...
The Walt Disney Co. (NYSE:DIS) reported weaker than expected returns from its theme parks, dampening the plans of CEO Bob Iger’s plans to use the company’s real estate holdings to boost revenue. Disney’s latest quarterly report found theme park revenue up by 2%...
This edition of Tech Trends highlights corporate developments within the real estate technology sector. Lofty Buys Firepoint. Lofty Inc. (formerly Chime Technologies) announced its acquisition of Firepoint, a real estate CRM solution. Both Lofty and Firepoint offer an...
Amid complaints that wealthy expatriates taking up tax residency have caused real estate prices to soar, the Italian government has doubled the flat tax on the foreign income of new residents to €200,000 (roughly $218,000). The Financial Times reported Prime Minister...
The words “real estate” and “sexy” aren’t often paired in a sentence, but Ryan Serhant insists the sexy aspect of the profession has fueled the popularity of reality television series focused on home selling. Serhant is the CEO of the luxury brokerage SERHANT and has...
Consumer confidence in the housing market was decidedly mixed in the latest Home Purchase Sentiment Index data published by Fannie Mae (OTCQB: FNMA). The index dropped by 1.1 points in July to 71.5, with only 17% of consumers stating now is a good time to buy a home,...
FHFA’s Pulte to Relinquish Intelligence Chief Role on Aug. 3
