California Gov. Gavin Newsom’s office has reached a settlement with the Sacramento suburb of Elk Grove regarding the creation of new affordable housing. The Associated Press reported the city will need to identify a new site for affordable housing by July 1, 2025,...
Scotland Wright Associates, an Atlanta-based commercial real estate services firm, has promoted Blake Rogers from chief operating office to president of the company while also making him an equity member of the firm. In his expanded role, Rogers will oversee all...
The property management software company RealPage Inc. has upgraded its product line to enable users to remove its nonpublic competitor data when calculating rent recommendations. The Richardson, Texas-based company said the upgrade comes in the wake of the Sept. 3...
New York City’s Department of Homeless Services has given 150 illegal immigrant families with up to $4,000 each to leave the city’s shelter system and move into permanent housing. According to a Gothamist report, the grants are part of an unpublicized pilot program...
The historic Wainwright Building in downtown St. Louis was sold in a government auction for $8.25 million. According to St. Louis Public Radio, the 234,600-square-foot state office building is one of the nation’s first modern skyscrapers. The 10-story office building...
Peachtree Group, an Atlanta-headquartered investment management firm, has launched a restaurant management division. The new division will be led by Daniel Puglisi, senior vice president of corporate operations for hospitality management, and will focus on operating...
Hits and Misses for the Real Estate Week of May 11-15
