Colonnade BridgePort, an Ottawa-based real estate management, investment, and development company, announced it has been awarded the property management mandates for over 2.3 million square feet in the Ontario cities of Burlington, Brantford, and Brampton. The...
Nesto, the Montreal-headquartered digital mortgage lender serving the Canadian market, has hired Max Wegner as its chief revenue officer. In his new role, Wegner will be tasked with accelerating the company’s sales and mortgage operations across Canada – including...
The commercial mortgage-backed securities (CMBS) delinquency rate rose 14 basis points to 4.39% in September, according to new data from Trepp LLC. This is the second-highest reading for the CMBS delinquency rate since the end of the Covid-19 pandemic. Year over year,...
The U.S. foreclosure rate held steady in July for the 17th consecutive month in July at 0.3% while the serious delinquency rate (90 days or more late) dropped to a 23-year low at 1%, according to new data from CoreLogic. During July, 2.7% of all mortgages were in some...
DwellWell, a Los Angeles-based homebuying hub, has unveiled its first scholarship focused on the future of AI in real estate. The new $1,000 scholarship will be awarded to current college and university students, who can apply via the DwellWell website by creating a...
Hyatt Hotels Corp. (NYSE: H) is planning to launch Homes & Hideaways by World of Hyatt, a new platform offering the short-term vacation rentals of private homes in leisure and resort locations. In announcing the new platform, the Chicago-headquartered company...
Hits and Misses for the Real Estate Week of Aug. 24-28
