Featured Real Estate News
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX), has acquired West Boston Medical Center, a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts, for approximately $32 million. The property...
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
New Data Reports Highlight Mild But Continued Home Price Acceleration
Two new data reports are highlighting mild increases in home prices during October. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.4% annual gain for October, up from a 1.3% rise in the previous month. The 10-City Composite showed an...
Georgia Home Sales Down 9% During November
Georgia recorded a total of 8,249 closed sales during November, a 9% year-over-year decline, while pending sales experienced a 7% drop to 8,241 transactions. According to data from the Georgia Association of Realtors, pending sales were down across all property types...
Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut
KISS frontman Gene Simmons has returned his Beverly Hills mansion to the market with $1 million slashed from the original listing price. TMZ reports the 7,741-square-foot four-bedroom, five-bathroom residence is now being offered for just under $13 million. The...
News & Current Events
Chicago Board of Education Approves Small Property Tax Hike
For a Chicago household with a $250,000 home, they will have to pay an additional $8 next year. Continue Reading Chicago Board of Education Approves Small Property Tax Hike
DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
The consent decree does not carry a financial penalty or the acknowledgment of wrongdoing. Continue Reading DOJ Announces Settlement with LivCor on Rental Housing Price Fixing
Trump Renews Attacks on Fed Chairman Powell
“He should resign – it would be a favor to the nation,” Trump said. Continue Reading Trump Renews Attacks on Fed Chairman Powell
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A Phil Hall Op-Ed: The Housing Crisis That Andrew Cuomo Built
On Aug. 5, 2008, the left-leaning Village Voice ran a cover story that assigned blame for the housing crisis on Cuomo. Continue Reading A Phil Hall Op-Ed: The Housing Crisis That Andrew Cuomo Built
America’s Most Bed Bug-Infested City Is…
For the second year in a row, Philadelphia claimed the top spot on this less-than-desirable list. Continue Reading America’s Most Bed Bug-Infested City Is…
Montreal Area Home Sales Up 10% from Last Year
Last month’s total of 22,462 active listings for single-family homes was unchanged from one year earlier. Continue Reading Montreal Area Home Sales Up 10% from Last Year
Grant Cardone Urges Trump to Fire ‘Idiot’ Jerome Powell
The real estate investor has publicly toyed with running for governor of California. Continue Reading Grant Cardone Urges Trump to Fire ‘Idiot’ Jerome Powell
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Simmons acquired the property for $670,000 in the early 1980s when his celebrity status began to rise. Continue Reading Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
The forecast predicted the city government will need to enact a residential property tax rate hike between 1.27% and 1.38% to fill the revenue gap over the coming five years. Continue Reading New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
Merger Between Property Management Divisions of Alfred and Quarterra
Brad Greiwe, CEO of Quarterra, will join the Alfred board of directors. Continue Reading Merger Between Property Management Divisions of Alfred and Quarterra
Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6