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...
The Federal Reserve announced a rate cut for the first time in nearly four years. The central bank’s Federal Open Market Committee enacted a 50 basis point reduction on its benchmark federal funds rate, which stood at a 23-year high of 5.25% to 5.5% range for the past...
An attorney who operated a Georgia-based real estate law firm pleaded guilty to fraudulently obtaining nearly $300,000 in Economic Injury Disaster Loans (EIDL) during the Covid-19 pandemic and to using his attorney escrow account to launder more than $250,000 from...
Greystar announced its latest community, Summerwell Bells Ferry in Acworth, Georgia, will have a ribbon cutting ceremony on Sept. 24. Summerwell is Greystar’s dedicated build-for-rent brand, and Summerwell Bells Ferry consists of 137 townhomes and 16 detached...
Basketball great Michael Jordan’s saint-worthy patience with the housing market has finally been rewarded – the NBA Hall of Famer finally sold his Chicago-area mansion after having it on the market for 12 years. The Chicago Tribune reported Jordan sold the 8.4-acre...
Hits and Misses for the Real Estate Week of Aug. 3-7
