The British Columbia Financial Services Authority (BCFSA) has ordered Charles Funaro and his companies 0643025 B.C. Ltd. and CAD Investments Ltd. to pay a joint administrative penalty of $30,000 for conducting business as a mortgage broker or submortgage broker...
The government of Portugal is addressing a nationwide housing shortage by allocating $2.2 billion to construct approximately 33,000 homes by 2030. According a Reuters report, Portugal’s Infrastructure Minister Miguel Pinto Luz said 10,000 of the new homes will have...
The National Association of Realtors (NAR) has reported that many of its members were receiving deceptive emails that falsely claimed to offer web domains with the .realestate address. NAR said the messaging was not originating from its office, but instead were coming...
The global 3D printing construction market was valued at $36.71 million in 2023 and is expected to reach $20.56 billion by 2032, growing at a compounded annual growth rate of 102%, according to a new report by SNS Insider Research. The Asia-Pacific region led the 3D...
Kimpton Hotels & Restaurants, a division of IHG Hotels & Resorts (NYSE: IHG), is teaming with Extell Development Company for the creation of a new hotel at New York City’s Rockefeller Center. The 33-story Kimpton Rockefeller Center is set to open in late 2025...
Medical Properties Trust Inc. (NYSE: MPW) announced a settlement agreement with the bankrupt Steward Health Care System, along with its secured lenders (“the Lenders”) and the Unsecured Creditors Committee, that will cut its relationship with Steward and restore the...
Hits and Misses for the Real Estate Week of Aug. 3-7
