Steven Cook, the former president of SouthernTrust Bank in Marion, Illinois, was fined $6,000 and sentenced to 50 hours of community service and two weekends in Illinois’ Jackson County jail for his role in a real estate fraud. He will also likely receive a lifetime...
Greystar announced the start of construction on Ophelia, its first apartment development in Pittsburgh. Ophelia is part of a mixed-use development and will have 231 residences, with 35 of them dedicated to the city’s affordable housing program. Ophelia will have...
Alexander & Baldwin Inc. (NYSE: ALEX), the only publicly traded real estate investment trust to focus exclusively on Hawaii’s commercial real estate sector, has completed an off-market acquisition of an industrial property in Pearl City, Oahu for $29.7 million....
Los Angeles-headquartered CV3 Financial Services has rolled out ServEase, a loan servicing division for its customers. CV3 is a private lender providing financing to real estate investors for fix-and-flip and rental properties and ground up construction loans....
A Phil Hall Op-Ed: Last week, I used this column to offer my opinion on Vice President Kamala Harris’ plans for fixing the challenges facing the housing market if she was elected president. This week, the column is devoted to the plans from former President Donald...
A new data report from Redfin (NASDAQ: RDFN) has determined homebuyers need an annual income of $115,454 to afford a $433,101 median priced home – a 1.4% decline from one year earlier and the first annual decline since June 2020, when mortgage rates were at a record...
Hits and Misses for the Real Estate Week of May 11-15
