Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This marks the first bank failure of 2026. The...
The typical homebuyer who acquired a home for below the list price in 2025 enjoyed a 7.9% discount on the purchase, the largest since 2012. According to data from Redfin, one in four homebuyers who snagged discounts came away with 10% or more off the list price....
The growing revolt against onerous property taxes has spread north to Alaska, with Anchorage Mayor Suzanne LaFrance ordering a review of property tax assessments following a wave of complaints from homeowners about “unusually” high value increases. The Anchorage Daily...
The real estate fund manager Penzance announced its $200 million acquisition of four multifamily properties during the fourth quarter of 2025 that totals 1,100 units over 1.2 million square feet. The properties include the 318-unit Presley Oaks in Charlotte, North...
The artificial intelligence company Anthropic has signed a lease to become the single tenant for an entire San Francisco skyscraper. The San Francisco Chronicle reports the company will occupy the entirety of 300 Howard Street in the city’s Financial District. The...
President Trump has announced his plans to close the John F. Kennedy Center for the Performing Arts in Washington, DC, for two years, claiming the venue was “a tired, broken, and dilapidated” facility. In a post on Truth Social, Trump claimed his ruling followed a...
