Featured Real Estate News
Cavan Companies Plans Third Build-to-Rent Community in Omaha Metro Area
The real estate developer Cavan Companies announced that it has closed on land for The Bungalows at Prairie Hills, a planned 154-home single-story Build-to-Rent (BTR) community in Papillion, Nebraska. The project will be the company's third development in the Omaha...
Cavan Companies Plans Third Build-to-Rent Community in Omaha Metro Area
Construction is expected to begin in May on a site encompassing approximately 16 acres. Continue Reading Cavan Companies Plans Third Build-to-Rent Community in Omaha Metro Area
Mortgage Application Activity Down by Nearly 4%
Mortgage application activity slowed during the week ending Dec. 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 3.8% on a seasonally adjusted basis from...
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
News & Current Events
Brazil to Conduct Real Estate Auction Using Blockchain Technology
The Brazilian auction market has been disrupted with altered documents, fake websites, and inconsistent public records. Continue Reading Brazil to Conduct Real Estate Auction Using Blockchain Technology
Mark E. Patten to Become CFO at Sun Communities
Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the company. Continue Reading Mark E. Patten to Become CFO at Sun Communities
Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
Aspen was home to four of the 10 most expensive home sales of November. Continue Reading Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
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New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
“We’ve come together as a coalition with a plan to protect Canadians and build a resilient housing system,” said Tim Richter, president of the Canadian Alliance to End Homelessness. Continue Reading New Advocacy Campaign Aims to Highlight Housing Issues During Canada’s Election
Nine Big Lots Stores to Reopen This Week
The reopened stores include three locations in Tennessee and single locations across Kentucky, Louisiana, Mississippi and North Carolina. Continue Reading Nine Big Lots Stores to Reopen This Week
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The property was completed and offers a mix of studios, one-, two- and three-bedroom units. Continue Reading The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
The transaction marks the second time Neighborhood Ventures purchased a distressed property and the first in foreclosure. Continue Reading Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
Long Vacant Historic NYC Theater Acquired with State Grants
New York Gov. Kathy Hochul took credit for helping to finance the acquisition. Continue Reading Long Vacant Historic NYC Theater Acquired with State Grants
Texas Developers Hire Prominent Attorney to Fight Sharia City Accusations
“I’m ashamed of the falsehoods that Abbott’s office has been putting out,” said attorney Dan Cogdell. Continue Reading Texas Developers Hire Prominent Attorney to Fight Sharia City Accusations
Coldwell Banker Opens First Office in Switzerland
The Montreux-based Coldwell Banker Only Realty – No Bank Swiss Riviera will be run by Managing Director Olivier Fahrni. Continue Reading Coldwell Banker Opens First Office in Switzerland
Hits and Misses for the Real Estate Week of March 31-April 4
An unlikely speaker at a real estate conference, an unlikely subject for a new museum and unlikely behavior by a mortgage industry CEO. Continue Reading Hits and Misses for the Real Estate Week of March 31-April 4
Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million
The communities are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma, and Tennessee. Continue Reading Morgan Properties Acquires 11-Asset Multifamily Portfolio for $501 Million