The US Senate has confirmed Kevin Warsh to become the 17th chairman of the Federal Reserve. Warsh was confirmed in a 54-45 vote along party lines, with Sen. John Fetterman of Pennsylvania as the sole Democrat approving the nomination. Warsh’s term will begin on May 15...
A New Jersey couple who gained prominence as real estate influencers were indicted for allegedly running an investment scam that took investors’ money with a promise to receive high returns on Cleveland-area real estate property developments. A federal grand jury...
Commercial real estate broker Nicholas Morizio, president of Colliers International’s Connecticut and Western Massachusetts offices, has donated $1 million to the University of Connecticut’s (UConn) real estate program for the creation of new scholarships. The...
McDonald’s (NYSE: MCD) and the Chicago Fire Football Club have signed a naming rights partnership that will see the Major League Soccer club’s new $750 million stadium named McDonald’s Park. This marks the first time McDonald’s has committed to a naming rights...
The national median asking monthly rent across the nation’s 50 largest metro areas in April was $1,673, down $29 or 1.7%, year-over-year. This marked the 33rd consecutive month of annual declines for 0-2 bedroom properties. According to data from Realtor.com, the...
Two Harbors Investment Corp. (NYSE: TWO), the mortgage servicing rights-focused real estate investment trust, has rejected the latest attempt by UWM Holdings Corp. (NYSE: UWMC) to secure a merger, calling the company’s new offer of $12.50 per share an “illusory,...
