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Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Canadian Housing Starts Up by 4%
The total monthly seasonally adjusted annual rate of housing starts across Canada totaled 294,085 units in July, up 4% from June’s total of 283,523 units. According to data from Canada Mortgage and Housing Corporation (CMHC), the nation’s largest cities had mixed...
USDA to Cease Funding Solar and Wind Power Installations on Farmland
The US Department of Agriculture (USDA) will no longer provide federal funding for the installation of solar panels and wind turbines on farmland. Solar and wind projects are no longer eligible for the Rural Development Business and Industry Guaranteed Loan Program....
Housing Starts Up in July
Single-family housing starts in July were at a rate of 939,000, according to data from the US Census Bureau. Last month’s level is 2.8% above the revised June figure of 913,000. Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1.42...
NEWS & CURRENT EVENTS
BBG Launches Data Center Specialty Practice
Christopher M. Fudacz, formerly the national data center practice leader at CBRE (NYSE: CBRE), has joined BBG as senior managing director to lead the new practice. Continue Reading BBG Launches Data Center Specialty Practice
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
One year ago, the CMBS delinquency rate was 5.35%. Continue Reading CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
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Maverick Real Estate Partners Closes Seventh Flagship Fund
The fund will invest in distressed real estate credit opportunities within New York City. Continue Reading Maverick Real Estate Partners Closes Seventh Flagship Fund
Mortgage Rates Fall to 19-Month Low
The 30-year fixed-rate mortgage averaged 6.20% as of Sept. 12, down from last week when it averaged 6.35%. Continue Reading Mortgage Rates Fall to 19-Month Low
Demand for Second-Home Mortgages at 8-Year Low
In comparison, mortgage-rate locks for primary homes declined 5.2%. Continue Reading Demand for Second-Home Mortgages at 8-Year Low
Valet Living Promotes Matt Graves to President
Graves has been the company’s chief operating officer since 2022 and will retain that title. Continue Reading Valet Living Promotes Matt Graves to President
Foreclosure Activity Dropped in August
Nationwide, one in every 4,662 housing units had a foreclosure filing last month. Continue Reading Foreclosure Activity Dropped in August
Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent
The combination of the companies would create one of the world’s largest retailers. Continue Reading Report: Alimentation Couche-Tard Mulling Updated Bid for 7-Eleven Parent
European Central Bank Cuts Rates Again
The ECB is predicting the core inflation within its member states will decrease from 2.9% this year to 2.3% in 2025 and 2.0% in 2026. Continue Reading European Central Bank Cuts Rates Again
Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity
El Paso County Attorney Christina Sanchez stressed that the hotel was not overrun by Tren de Aragua. Continue Reading Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity
Active Listings Expand, Median Home Prices Up in Mid-Atlantic Region
Sales activity was stronger in the Mid-Atlantic region’s smaller markets, while sales were cooler in the big metro areas. Continue Reading Active Listings Expand, Median Home Prices Up in Mid-Atlantic Region
George Washington Slept Here; It Is Now Listed For $11.5 Million
The property, which is named Wheatland Farm, is now home to an equestrian center. Continue Reading George Washington Slept Here; It Is Now Listed For $11.5 Million
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