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Maldives Government Shuts Down Housing Ministry

Maldives Government Shuts Down Housing Ministry

by Phil Hall | Dec 26, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The president of South Asia’s Republic of Maldives has shut down his government’s Ministry of Housing, Land and Urban Development and transferred its functions to other government ministries. The news site Avas reports President Mohamed Muizzu transferred the Housing...
Kentucky Home Sales Up 4.3% Year-Over-Year

Kentucky Home Sales Up 4.3% Year-Over-Year

by Phil Hall | Dec 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 3,462 homes were sold in Kentucky during November, a 16.6% drop from October but also a 4.3% year-over-year increase. According to data from Kentucky Realtors, the state offered 4,425 new listings last month, a 27.8% decline from October but also a 2%...
Flatiron Realty Capital Debuts IronLinc Platform for Lenders

Flatiron Realty Capital Debuts IronLinc Platform for Lenders

by Phil Hall | Dec 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Flatiron Realty Capital LLC, a New York City-based private equity firm specializing in real estate lending, has rolled out IronLinc, an integrated system solution designed for real estate lending professionals. Developed in-house by an engineering team led by Chief...
PNC Announces $128 Million Affordable Housing Fund

PNC Announces $128 Million Affordable Housing Fund

by Phil Hall | Dec 26, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

PNC Bank N.A. announced the closing of Low-Income Housing Tax Credit (LIHTC) Fund 96, which is investing $128 million in the development and rehabilitation of affordable rental housing. According to the bank, the fund includes investments from PNC and four other banks...
Security Properties and Rockwood Capital Purchase 284-Unit Portland Multifamily Property

Security Properties and Rockwood Capital Purchase 284-Unit Portland Multifamily Property

by Phil Hall | Dec 26, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property in Portland. Built in 2016 and located in the city’s North Pearl District, the property’s residential floorplans...
Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

by Phil Hall | Dec 26, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Boxing legend Floyd Mayweather didn’t wait for Santa Claus to bring him a present for Christmas – instead, he paid $20 million for a retail property in the heart of Manhattan. TMZ Sports reported Mayweather acquired the 1,540-square-foot multi-floor property, located...
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