Sales of luxury Canadian homes were up in the first eight months of the year compared to the same period in 2023, according to the newly published 2024 Royal LePage Carriage Trade Luxury Market Report. Sales were on the rise in almost all major cities in Canada,...
Atlanta-based Georgia-Pacific LLC, the pulp and paper company, announced plans to transform its 51-story world headquarters and the surrounding city block into a mixed-use property. The proposed development, scheduled for completion in fall 2027, will include more...
A total of 79,540 single-family homes and condominiums were flipped in the second quarter, according to new data from ATTOM. This represented 7.5%, or one of every 13 home sales. The second quarter’s total is down by 8.7% in the first quarter and down by 7.9% in...
The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
Pretium, a New York City-based specialized investment firm focused on residential real estate, residential credit, and corporate credit, announced the hiring of Mark Hudspeth as senior managing director and head of capital markets. In his new job, Hudspeth will be...
Rep. Alexandria Ocasio-Cortez (D-NY) is calling for the creation of a new federal entity to build “social housing” and then sell those properties agencies and organizations that would manage them in “permanent affordability.” Ocasio-Cortez, in a New York...
Hits and Misses for the Real Estate Week of May 11-15
