The Chinese real estate industry’s problems have expanded from economic to ecological woes, as new research published in the journal Science found nearly half of China’s major cities are sinking. Reuters reported 45% of China’s urban land was sinking faster than...
The private equity investment firm Intermediate Capital Group (ICG) (OTCMKTS: ICGU) has announced the appointment of Greg Minson as global head of asset management within its real estate business. In his new role, Minson will be based in London and provide global...
A trio of troubling housing market data reports, a new wave of Texas residents and an unlikely KISS tribute. From the wild and wooly world of real estate, here are our Hits and Misses for the week of April 15-19. MISS: Going Down the Wrong Road? This week witnessed...
Illinois has become latest state to file a lawsuit against MV Realty, accusing the company of tricking struggling consumers into 40-year brokerage contracts. According to Illinois Attorney General Kwame Raoul’s lawsuit, MV Realty provides “financially distressed”...
The commercial real estate brokerage Marcus & Millichap (NYSE: MMI) announced the $12.8 million the sale of Cape Fear Village, a 183-lot mobile home property located in Fayetteville, North Carolina. Cape Fear Village opened in 2000 and spans 45.8 acres. The...
The U.S. Department of Housing and Urban Development (HUD) announced that Alanna McCargo is resigning as president of the Government National Mortgage Association (Ginnie Mae), effective May 3. McCargo became Ginnie Mae’s 18th president and first female leader...
Hits and Misses for the Real Estate Week of June 22-26
