Featured Real Estate News
Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
The purchase rights to the San Francisco Centre, the once-grand 1.5 million-square-foot mall that was shuttered in January, has been awarded to a partnership of Presidio Bay Ventures and Prado Group. The San Francisco Chronicle, citing input from unnamed “sources with...
Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
It is unclear what the companies plan to do with the property. Continue Reading Report: Purchasing Rights Awarded to Shuttered San Francisco Centre
Disney Files 15 Lawsuits Against ‘Excessive’ Property Tax Assessments on Florida Assets
The Walt Disney Company (NYSE: DIS) has filed 15 lawsuits over what it calls “excessive” property tax assessments for its four Florida theme parks, its failed Star Wars hotel and other properties from its real estate portfolio in Orange County. Florida Politics...
Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor
New York City Mayor-elect Zohran Mamdani and his wife, Rama, will take up residence in Gracie Mansion, the official residence for the mayor, after he is sworn into office on New Year’s Day. According to combined media reports, Mamdani will be trading in his...
Pre-Leasing Begins on Greystar’s New Denver High-Rise Community
Greystar has begun pre-leasing at The Parson, a high-rise apartment community in Denver's Golden Triangle neighborhood. The Parson will offer 309 luxury residences and include a mix of 21 studios, 161 one-bedrooms, 95 two-bedrooms, 9 three-bedrooms, and 23 penthouses,...
News & Current Events
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
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Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
zTotal mortgage debt outstanding for the full commercial real estate sector in the fourth quarter was $4.79 billion. Continue Reading Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector
Herschen Acquires Palace Entertainment’s Theme Parks
The financial terms of the deal were not disclosed. Continue Reading Herschen Acquires Palace Entertainment’s Theme Parks
Four Real Estate Scammers Indicted for NYC Deed Theft Schemes
The victims included an 82-year-old woman and a 76-year-old woman. Continue Reading Four Real Estate Scammers Indicted for NYC Deed Theft Schemes
Q4 Renter Population Up by Less Than 1%
Home prices are more than 40% above pre-pandemic levels and rent prices are roughly 20% above pre-pandemic levels. Continue Reading Q4 Renter Population Up by Less Than 1%
Mortgage Applications Down, Homeowner Equity Up
“Overall, purchase application volume is up 6% compared to last year at this time,” said MBA’s Mike Fratantoni. Continue Reading Mortgage Applications Down, Homeowner Equity Up
Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
Dallas, Austin, San Diego and Houston also have shortages of affordable housing. Continue Reading Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
Hawaiian Legislators Consider Redefining ‘Historic Property’
The state’s current definition of “historic property” is entirely age-focused. Continue Reading Hawaiian Legislators Consider Redefining ‘Historic Property’
California Records Highest Home Sales in Over 2 Years
The statewide median home price of $829,060 represented a 1.2% drop from January’s $838,850 price. Continue Reading California Records Highest Home Sales in Over 2 Years
14,500-Seat NWSL Stadium Announced for Denver
The venue is scheduled to open in the spring of 2028. Continue Reading 14,500-Seat NWSL Stadium Announced for Denver