Mortgage applications were on the rise in the latest from the Mortgage Bankers Association (MBA) covering the week ending Nov. 15. However, another MBA report pointed to the fifth consecutive monthly uptick in forbearance levels. The Market Composite Index, the MBA’s...
Real estate investor Bo Belmont and his company, Belwood Investments, have made a $30 million offer on the Los Angeles home of the jailed music mogul Sean “Diddy” Combs. Combs acquired his Holmby Hills estate in 2014 for $39 million and listed it at $60...
Two Mid-Atlantic real estate brokerages, The Kat Geralis Home Team (KGHT) of Wilmington, Delaware, and The Redux Group of Fairfax, Virginia, have announced a strategic merger. According to the companies, the newly combined brokerages represent more than $1.5 billion...
Savanna, a New York City-based real estate investment manager, owner/operator and developer, has acquired 799 Broadway, a Class-A office building in the Greenwich Village section of Manhattan, for a $255 million. The property was acquired at a discounted price from...
Holly Pond Plaza, a 73,060-square-foot outpatient medical building in Stamford, Connecticut, was sold for $19.1 million. Built in 1981, the four-floor property is 100% leased to three medical tenants, with Summit Health (Walgreens Boots Alliance) occupying roughly...
California home sales were up in October after two straight months of declines, registering the fastest year-over-year sales pace in 40 months. According to data from the California Association of Realtors (CAR), closed escrow sales of existing, single-family detached...
Hits and Misses for the Real Estate Week of May 11-15
