Featured Real Estate News
Florida Mansion, 5 NYC Properties Topped February’s Most Expensive Home Sales
A never-before-listed oceanfront estate in Florida was the most expensive home sale in February while New York City properties accounted for five of the top 10 most expensive sales of the month, according to a new report from Redfin. The four most expensive homes sold...
Florida Mansion, 5 NYC Properties Topped February’s Most Expensive Home Sales
The four most expensive homes sold last month brought in $50 million or more, while all 10 sold for north of $30 million. Continue Reading Florida Mansion, 5 NYC Properties Topped February’s Most Expensive Home Sales
California Home Sales and Prices Up in February
Closed escrow sales of existing, single-family detached homes in California reached a seasonally adjusted annualized rate of 274,820 in February, according to data released by the California Association of Realtors (CAR). Last month’s sales were up by 7% from 256,910...
Tempus Realty Partners Acquires Industrial Portfolio for $22.2 Million
Tempus Realty Partners, a Little Rock, Arkansas-based real estate investment partnership, has acquired an industrial portfolio totaling $22.2 million. The portfolio includes five assets across two properties spanning a total of 311,158 square feet on 23 acres. One...
Neighborhood Ventures Acquires 86-Unit Phoenix Multifamily Community for $19.5 Million
Neighborhood Ventures, a Phoenix-headquartered multifamily real estate operator and investment firm, has acquired Venture on 16th, an 86-unit multifamily community located in the Biltmore District of Uptown Phoenix for $19.5 million. The property was acquired in a...
News & Current Events
Pending Home Sales Up in February
“The slight gain in pending contracts appears to be driven by improved affordability conditions,” said NAR’s Lawrence Yun. Continue Reading Pending Home Sales Up in February
Canadian Home Sales Declined in February
The non-seasonally adjusted national average home price was $663,828 in February, down by a scant 0.2% from the same month last year. Continue Reading Canadian Home Sales Declined in February
HomeServices of America Teams with Zillow on ‘Coming Soon’ Pre-Market Listings
The program is available to HomeServices of America-owned companies and the Berkshire Hathaway HomeServices franchise network. Continue Reading HomeServices of America Teams with Zillow on ‘Coming Soon’ Pre-Market Listings
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Plan to Create Affordable Housing in Wales for Welsh Speakers Only is Rejected
An application for a new affordable housing development in Wales ran into a roadblock when organizers attempted to limit residency to Welsh-language speakers only. The BBC reports the application by Grŵp Cynefin to build 15 affordable homes in the seaside village of...
New Bill Would Exempt Homebuilding Materials from Tariffs
The bill was introduced by Sens. Jacky Rosen (D-NV) and Chris Coons (D-DE). Continue Reading New Bill Would Exempt Homebuilding Materials from Tariffs
Los Angeles Woman Arrested for Filing Fraudulent Multimillion-Dollar Property Liens
Rita Ortiz was arrested on Thursday and faces 25 counts of filing a false or forged document with a public office. Continue Reading Los Angeles Woman Arrested for Filing Fraudulent Multimillion-Dollar Property Liens
HUD Proposes Rule Mandating Work Requirements and Time Limits in Public Housing
HUD noted it is only serving one-quarter of eligible Americans in need of housing assistance. Continue Reading HUD Proposes Rule Mandating Work Requirements and Time Limits in Public Housing
CTO Realty Growth Acquires Texas Shopping Center for $81.6 Million
The 47-acre Palms Crossing is currently 98% leased and is anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike. Continue Reading CTO Realty Growth Acquires Texas Shopping Center for $81.6 Million
Manhattan Commercial Property Leased to Van Cleef & Arpels Sold for $54.5 Million
The property is a five-story, 7,850-square-foot commercial building located on the Upper East Side of Manhattan. Continue Reading Manhattan Commercial Property Leased to Van Cleef & Arpels Sold for $54.5 Million
Michael Sartori Promoted to CFO at Dynex Capital
Sartori joined the company as assistant controller in 2013. Continue Reading Michael Sartori Promoted to CFO at Dynex Capital
Hits and Misses for the Real Estate Week of February 23-27
A lack of housing policy ideas in the State of the Union, a theater chain weighs closing more locations, and a city loses millions on consulting fees around a failed museum project. Continue Reading Hits and Misses for the Real Estate Week of February 23-27
Indianapolis’ Martin University Campus Listed at $3.5 Million
The school founded in 1977 by Boniface Hardin, a Benedictine Monk, and was Indiana’s only predominantly Black institution of higher learning. Continue Reading Indianapolis’ Martin University Campus Listed at $3.5 Million