North Carolina’s Contemporary Art Museum of Raleigh (CAM) has announced that it is putting its building up for sale. For the past 15 years, the museum has been located in a repurposed warehouse built in 1911. CAM does not have a permanent collection but instead offers...
The national median list price was $428,950 in July, essentially unchanged from June but down 2.4% from one year before. According to a data report from Realtor.com, July marked the ninth consecutive month of annual price declines. At the same time, the share of...
A former Massachusetts-based certified public accountant (CPA) was sentenced to six months in federal prison for her role in a $19 million fraud scheme involving commercial properties. Christine Gendron was also ordered to pay $392,607 in restitution. After her...
Spirit Investment Partners has teamed with Strategic Value Partners LLC on the off-market acquisition of an 895-unit Texas-based portfolio from Resia, the US multifamily real estate and modular manufacturing subsidiary of the Brazilian homebuilder MRV&Co. The...
New York City Mayor Zohran Mamdani extended the deadline for appealing his new pied-à-terre tax by an additional month. The pied-à-terre tax is designed to target the owners of luxury second homes – condominiums and co-ops valued at a minimum of $1 million and one- to...
Federal Reserve Chairman Kevin Warsh reported proposing cutting back on the number of rate policy meetings held by the central bank’s Federal Open Market Committee (FOMC). According to a Wall Street Journal report sourced from unnamed “people familiar with the...