The proposed settlements involving three major real estate brokerages accused of improper commission practices in the Sitzer/Burnett lawsuit are facing a challenge from plaintiffs in another lawsuit. The plaintiffs in the Batton 1 lawsuit filed a motion for a...
The Milwaukee-headquartered real estate investment firm F Street has launched VAM Fund 1 LLC, a platform focusing on the purchase, renovation and re-leasing of distressed multifamily properties. The fund is initially concentrating on the acquisition of a portfolio of...
New England Patriots owner Robert Kraft sold his apartment in New York City’s landmark Plaza hotel for $22.5 million in an off-market deal. The Wall Street Journal reported Kraft bought the residence in 2007 for $14.47 million, during the time when the hotel began to...
More people were seeking mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.6% on a seasonally adjusted basis from one week earlier while...
California homeowners who rely on Travelers Insurance will be paying a lot more money for their residential insurance needs. According to a San Jose Mercury-News report, Travelers will be raising rates at an average of 15.3%, with some of the company’s 320,320...
More than 90% of metro markets posted home price gains during the first quarter, according to the National Association of Realtors (NAR). Home price increased were recorded in 205 of the 221 markets (93%) tracked by NAR and 30% of the tracked metros experienced...
Hits and Misses for the Real Estate Week of June 22-26
