The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...
Luxury home sale prices were up by 3.9% year-over-year to a median $1.25 million, a record high for the month of August, according to new data from Redfin. Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median...
The real estate investment firm FCP has made its first foray into the Las Vegas market with the acquisition of The Avondale Apartments, a 560-unit community. Avondale comprises one-, two-, and three-bedroom residences in three-story buildings. Community amenities...
A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
Corcoran Group LLC announced its first New Mexico franchise with the launch of Corcoran Plaza Properties. Located in Santa Fe and led by Broker/Owner and CEO Rob Thorwald, the firm will serve clients across the New Mexico capital city and in the surrounding areas up...
Austin-headquartered Keller Williams Realty LLC (KW) has promoted Kendra Newman to general counsel. Newman joined KW in August 2021 as vice president and deputy general counsel. Previously, she served as senior vice president and senior associate general counsel at...
