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Children’s Publisher Scholastic Corporation Sells Real Estate Assets
Newmark Group Inc. served as exclusive advisor to Scholastic Corporation on both sale-leaseback transactions Continue Reading Children’s Publisher Scholastic Corporation Sells Real Estate Assets
Children’s Publisher Scholastic Corporation Sells Real Estate Assets
Newmark Group Inc. served as exclusive advisor to Scholastic Corporation on both sale-leaseback transactions Continue Reading Children’s Publisher Scholastic Corporation Sells Real Estate Assets
Utah City Approves 34% Property Tax Hike
At a time when most states and municipalities are moving to lower property taxes, a city in southern Utah is going in the opposite direction with a substantial property tax hike. The Salt Lake Tribune reports the City Council in Ivins, Utah, voted 4-1 to raise...
Mortgage Applications for New Home Purchases Surged in July
Mortgage applications for new home purchases in July were up by 7% from the previous month and were also up 6.8% year-over-year, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were at a seasonally...
Permit for New Cleveland Browns Stadium Rejected Due to Airport Proximity
The Cleveland Browns’ effort to build a new domed stadium hit a major roadblock as the Ohio Department of Transportation (ODOT) rejected the team’s application, stating the proposed $3.6 billion facility would be an “obstruction” to the neighboring Cleveland Hopkins...
NEWS & CURRENT EVENTS
Blackfin Real Estate Investors Acquires First Property in Georgia
Sage Creek Apartments was built in 2016 and encompasses one- and two-bedroom apartments ranging from 812 to 1,076 square feet. Continue Reading Blackfin Real Estate Investors Acquires First Property in Georgia
Brigil Previews Proposed $1.3 Billion Quebec Urban Hub
Espace Canevas will be based at the site of the former Village Cartier shopping center. Continue Reading Brigil Previews Proposed $1.3 Billion Quebec Urban Hub
A Phil Hall Op-Ed: Did the Real Estate Industry Help a Socialist Running for NYC Mayor?
Real estate corporations and executives invested heavily in Andrew Cuomo’s mayoral campaign, creating a backlash with New York City voters. Continue Reading A Phil Hall Op-Ed: Did the Real Estate Industry Help a Socialist Running for NYC Mayor?
HUD to Move HQ to Virginia, Displacing National Science Foundation
HUD Secretary Scott Turner has been highly critical of HUD’s longtime headquarters at the Robert C. Weaver Federal Building. Continue Reading HUD to Move HQ to Virginia, Displacing National Science Foundation
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Blake Johnson to Become CFO at Granite Point Mortgage Trust
He will succeed Marcin Urbaszek, who announced he is stepping down. Continue Reading Blake Johnson to Become CFO at Granite Point Mortgage Trust
Hits and Misses for the Real Estate Week of Aug. 19-23
A new NAR leader, a jaw-dropping data revision and more Britons buying homes are part of the week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Aug. 19-23
Maine Home Sales Rise by Nearly 11%
The $399,250 median sales price in July was a 5.07% uptick from the $380,000 in July 2023. Continue Reading Maine Home Sales Rise by Nearly 11%
Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
Attorney General Merrick Garland said the company created a “new way to scheme with landlords to break the law.” Continue Reading Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
New Home Sales Up, But Questions on Federal Data Arise
The median sales price of new houses sold in July was $429,800 while the average sales price was $514,800. Continue Reading New Home Sales Up, But Questions on Federal Data Arise
Powell on Rates: ‘Time Has Come for Policy to Adjust’
Powell acknowledged that the Fed has been and will continue to be open to criticism. Continue Reading Powell on Rates: ‘Time Has Come for Policy to Adjust’
McDonald’s Plans Over 200 New Restaurants Across UK
McDonald’s plans to upgrade more than 1,500 existing restaurants. Continue Reading McDonald’s Plans Over 200 New Restaurants Across UK
Cushman & Wakefield Hires Miles Treaster as Head of Capital Markets
Early in his career, Treaster was part of Cushman & Wakefield’s investment sales group in San Francisco. Continue Reading Cushman & Wakefield Hires Miles Treaster as Head of Capital Markets
Wesley LePatner Promoted to CEO of Blackstone Real Estate Income Trust
She succeeds Frank Cohen, who will become chairman of the board of directors. Continue Reading Wesley LePatner Promoted to CEO of Blackstone Real Estate Income Trust
Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
“Homie was subject to both express and tacit boycotts in Utah by incumbent brokerages,” said the lawsuit. Continue Reading Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
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