Featured Real Estate News
169-Unit Multifamily Community in NYC Suburb Sells for $63.7 Million
The Henry, a 169-unit multifamily community in the New York City suburb of Pomona, New York, has been sold for $63.7 million. Completed in 2001 and partially renovated between 2015 and 2019, the property consists of townhouse-style apartments with private entrances...
169-Unit Multifamily Community in NYC Suburb Sells for $63.7 Million
CBRE represented the seller, Harbor Group International LLC, and procured the buyer, JSB Capital. Continue Reading 169-Unit Multifamily Community in NYC Suburb Sells for $63.7 Million
New Venture Plans to Tokenize Manufactured Home Loans On-Chain
ETHZilla Corporation (NASDAQ: ETHZ), a technology company focused on bringing decentralized finance infrastructure to traditional finance, is partnering with Zippy Inc., a digital lending platform, to bring manufactured home loans on-chain as tokenized real-world...
Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
A Democratic member of the Pittsburgh City Council has proposed a 30% property tax hike to cover the city’s “budgetary gaps.” WESA reports City Councilor Barbara Warwick (D-District 5) acknowledged her proposal would not be popular with homeowners, but stressed the...
Texas Lt. Gov. Patrick at Odds with Gov. Abbott Over Property Tax Reform
Texas Lt. Gov. Dan Patrick has put forth a property tax proposal that is completely at odds with the proposal advocated by Gov. Greg Abbott. Texas Tribune reports Patrick has proposed the "Double Nickel" concept that lowers property taxes by raising the state's school...
News & Current Events
Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
Trump Insinuates Biden’s Federal Reserve Appointments Are Not Legitimate
Federal Reserve appointments require Senate confirmation and are not unilaterally enacted by presidential declaration. Continue Reading Trump Insinuates Biden’s Federal Reserve Appointments Are Not Legitimate
FTC Warns Property Management Software Firms on Pricing Transparency
The FTC did not identify which companies received the letters. Continue Reading FTC Warns Property Management Software Firms on Pricing Transparency
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Exclusive News
Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities
“This is a high-quality portfolio created by a first-class investment manager and developer,” said Mike Moser, CEO of Starwood Land. Continue Reading Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities
Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million
The property is 100% leased as the corporate headquarters for Skims Body Inc. Continue Reading Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million
Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme
Craig Douglas McMorran is now facing a new charge of fraud over $5,000. Continue Reading Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme
Q1 Sales Up 29% in Manhattan Luxury Apartment Market
58% of the sales in the quarter were all-cash deals. Continue Reading Q1 Sales Up 29% in Manhattan Luxury Apartment Market
Forecast: Increased Investment in Canadian Residential Construction Through 2034
The forecast also predicts residential sector construction employment will increase by 6% from 2024 levels to 2034. Continue Reading Forecast: Increased Investment in Canadian Residential Construction Through 2034
LendingOne in New Partnership with Proptech Blanket
LendingOne’s suite of investor loan solutions will be integrated directly into the Blanket platform. Continue Reading LendingOne in New Partnership with Proptech Blanket
Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud
Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes. Continue Reading Two Fiji Nationals Sentenced for Multimillion-Dollar Short Sale Fraud
Two-Thirds of Condos Sold at Less Than Asking Price in February
Redfin attributed the problems impacting the condo sector to rising insurance costs and new safety regulations that caused HOA fees to soar Continue Reading Two-Thirds of Condos Sold at Less Than Asking Price in February
Crescent Seas Adds Second Ship to Nautical Residential Portfolio
The Insignia will feature 290 residences priced from $650,000 to $10 million. Continue Reading Crescent Seas Adds Second Ship to Nautical Residential Portfolio