The New York City Council has voted to create a new licensing program for hotels. Hotel Management Network reports the newly passed Safe Hotels Act will require hotel operators to obtain a two-year operating license for a $350 fee. Hotels must also maintain front desk...
A total of 1,486 homes were sold in Maine during September, up 5.39% from the 1,410 transactions recorded one year earlier. According to data from the Maine Association of Realtors, the state’s median sales price last month was $409,450, up 8.68% from the $376,750...
A Michigan real estate developer was sentenced to one year and a day in prison for bribing a mayor with cash and home renovations in exchange for obtaining tax-foreclosed properties from the mayor’s city. According to court documents, Shady Awad provided Richard...
The Canadian government is recalibrating its immigration policy, citing housing shortages as being among the reasons for its policy shift. The new 2025–2027 Immigration Levels Plan are designed to enact a marginal population decline of 0.2% in both 2025 and 2026...
The largest mall in San Francisco’s downtown is heading to a public foreclosure auction on Nov. 14. The San Francisco Business Times reported First American Title Insurance Co. alerted mall operator Unibail-Rodamco-Westfield (URW) and Brookfield Asset Management that...
The Los Angeles home where “Friends” star Matthew Perry died was sold for $8.55 million. The New York Times reported the property was acquired by Anita Verma-Lallian, who owns the commercial real estate service Arizona Land Consulting and the film production firm...
Hits and Misses for the Real Estate Week of May 11-15
