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Stag Industrial Hires New EVP of Real Estate Operations
STAG Industrial, Inc. announced that its Board of Directors had appointed Steven T. Kimball as Executive Vice President—Real Estate Operations, effective when Mr. Kimball joins the Company this spring. Mr. Kimball will lead the Company's asset management and...
Christie’s International Real Estate Promotes from Within for President of New Caribbean Alliance
Christie's International Real Estate Caribbean Affiliates announced the appointment of Danielle Austin as President of their new Caribbean alliance. Austin offers over 18 years of corporate experience at Christie's International Real Estate most recently as Senior...
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Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B
Source: SP Global --- Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023 budget...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
Almost 1,000 mortgage deals pulled as panic grips UK housing market
Source: The Guardian --- Almost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in the wake of Kwasi Kwarteng’s mini-budget. Moneyfacts, which monitors the sector, said 935 out of 3,596 mortgage products had...
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