A grassroots effort to overturn the 14.65% property tax hike approved last December for Utah’s Salt Lake County has failed. The Salt Lake Tribune reports the group Ax the Tax sought to collect petition signatures that would have placed the property tax overturn on...
The real estate investment and development firm Leyad has acquired St. Vital Centre, the Winnipeg shopping center, for $160.5 million. St. Vital Centre encompasses approximately 1 million square feet of gross leasable area and features 160 retailers. It attracts 8...
Sen. Thom Tillis (R-NC), has reiterated he will not support Kevin Warsh’s appointment to become the next Federal Reserve chairman despite an effort by the White House to break down the senator’s insistence that the resolution of a criminal investigation into Fed...
Altisource Portfolio Solutions (NASDAQ: ASPS), announced the appointment of Rick Seehausen as president of its Lenders One subsidiary. Lenders One is a national alliance of independent mortgage bankers, banks, and credit unions. Seehausen most recently served as...
The builder Tri Pointe Homes Inc. (NYSE: TPH) is being acquired by Japan’s Sumitomo Forestry for $47.00 per common share, in an all-cash transaction valued at approximately $4.5 billion. Founded in 2009, Tri Pointe Homes focuses on the Western, Southwestern, and...
District of Columbia Attorney General Brian L. Schwalb has filed a civil lawsuit against a family of landlords, claiming they are operating a “slumlord empire” built on a Ponzi scheme foundation. Schwalb cited Ali “Sam” Razjooyan, his brother Eimon “Ray” Razjooyan,...
Hits and Misses for the Real Estate Week of March 16-20
