Gindi Equities, a New York City-based investment manager that targets multifamily assets, has acquired Osgood Townsite Apartments community in Fargo, North Dakota, from Property Resources Group. The financial terms of the deal were not disclosed. The purchase marks...
The Biden administration is reportedly planning to nominate Christy Goldsmith Romero as the next chairperson of the Federal Deposit Insurance Corporation (FDIC). Goldsmith Romero is a Democratic commissioner at the Commodity Futures Trading Commission (CFTC). If...
Sony Pictures Entertainment (SPE), a subsidiary of Tokyo-based Sony Group Corporation (NYSE:SONY), has announced its acquisition of the Alamo Drafthouse Cinema theater chain. The financial aspects of the acquisition were not announced. Alamo Drafthouse will continue...
The Federal Reserve has opted to neither lower nor raise the federal funds rate, which remains in the 5.25% to 5.5% range. In making its decision, the central bank’s policy making Federal Open Market Committee cited its longstanding goals of achieving maximum...
Michigan residents are being targeted in a new scam involving fraudulent housing vouchers. There are currently no housing choice voucher waiting lists open in Michigan. However, CBS News reported the Michigan State Housing Development Authority (MSHDA) and the office...
Calvera Partners, a San Francisco-based multifamily real estate investment firm, announced its acquisition of the 152-unit 27TwentySeven Apartment Homes in Dallas. This acquisition is Calvera’s second acquisition in the Dallas-Fort Worth metro area and the first...
Hits and Misses for the Real Estate Week of Aug. 10-14
