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Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
The 600,000-square-foot shopping destination features retailers such as Nordstrom Rack, Dick’s, Marshalls, Ross, Planet Fitness, and Barnes and Noble. Continue Reading Ashkenazy Acquisition Corp. Buys Chicago-Area Retail Plaza for $60 Million
$60,000 FHLBank Dallas Grant to Support Affordable Housing Initiatives in New Orleans
New Orleans’ Neighborhood Development Foundation (NDF) has received a $60,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas, Home Bank, Liberty Bank & Trust, and Renasant Bank that will support its affordable housing initiatives...
Neighborhood Ventures Acquires 24-Unit Arizona Multifamily Property via UPREIT Exchange
Neighborhood Ventures (NV), a real estate operator and an online real estate investment company that enables investments in multifamily properties, has acquired Route 66, a 24-unit multifamily property in Flagstaff, Arizona, via a Section 721 UPREIT exchange valued at...
Federal Reserve Cuts Rates Again
For the second time this year, the Federal Reserve has issued a rate cut. The central bank’s policy making Federal Open Market Committee voted to lower the target range for the federal funds rate by a 0.25% to a new range of 3.75% to 4%. All but two of the Committee’s...
NEWS & CURRENT EVENTS
Tech Trends: Smarter Ways to Do Business
This week’s edition of Tech Trends features artificial intelligence, deepfake detection and predictive analytics. A New App on Mr. Altman’s Platform. Zillow (NASDAQ: Z, ZG) announced it has become the first and only real estate app available in ChatGPT. According to...
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Hospitality at Work Acquires Vector Property Services
The financial terms of the deal were not disclosed. Continue Reading Hospitality at Work Acquires Vector Property Services
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
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Fed Governor Waller: ‘We’re in the Position’ to Cut Rates
“That would be my view, whether the committee would go along with it or not,” he added. Continue Reading Fed Governor Waller: ‘We’re in the Position’ to Cut Rates
Bayview Asset Management Acquires Guild Holdings for $1.3 Billion
Guild will operate as a privately held independent entity in close partnership with Lakeview Loan Servicing LLC, a Bayview affiliate. Continue Reading Bayview Asset Management Acquires Guild Holdings for $1.3 Billion
NAACP Protests Renovations at Boston’s White Stadium
The civil rights group had “serious concerns” over the deal that leases the facility to “a private, for-profit entity.” Continue Reading NAACP Protests Renovations at Boston’s White Stadium
Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
Redfin noted that homes are selling for below their asking price due to greater quantity of sellers than buyers Continue Reading Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
2,500-Home Community Planned for Austin Suburb
Construction on phase one of the infrastructure is currently underway. Continue Reading 2,500-Home Community Planned for Austin Suburb
Home Depot Follows QXO’s Lead with Unsolicited Bid for GMS Inc.
QXO set a June 24 deadline for GMS to reply to its solicitation. Continue Reading Home Depot Follows QXO’s Lead with Unsolicited Bid for GMS Inc.
Sara Burack, Agent on ‘Million Dollar Beach House,’ Killed by Hit-and-Run Driver
Burack was an agent with Nest Seekers International, representing upscale properties in Manhattan and the Hamptons. Continue Reading Sara Burack, Agent on ‘Million Dollar Beach House,’ Killed by Hit-and-Run Driver
Jimmy Burgess Named Chief Coaching Officer at HomeServices of America
Burgess will lead the design and implementation of agent and leadership coaching across the HomeServices enterprise. Continue Reading Jimmy Burgess Named Chief Coaching Officer at HomeServices of America
Pacaso Expands into the Italian Market
Last month, Pacaso announced it reserved the ticker symbol “PCSO” on the Nasdaq Stock Market. Continue Reading Pacaso Expands into the Italian Market
Latvia Bans Property Purchases by Russia and Belarus Nationals
Earlier this year, Finland created a new law prohibiting property acquisition by Russian nationals. Continue Reading Latvia Bans Property Purchases by Russia and Belarus Nationals
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