Featured Real Estate News
CTO Realty Growth Acquires Texas Shopping Center for $81.6 Million
CTO Realty Growth Inc. (NYSE: CTO), the owner and operator of open-air shopping centers in higher growth Southeast and Southwest markets, has paid $81.6 million to acquire Palms Crossing, a 399,000-square-foot open-air retail center in McAllen, Texas. The 47-acre...
CTO Realty Growth Acquires Texas Shopping Center for $81.6 Million
The 47-acre Palms Crossing is currently 98% leased and is anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike. Continue Reading CTO Realty Growth Acquires Texas Shopping Center for $81.6 Million
The Best Day for Buying a House Is…
Christmas shoppers might want to consider adding homebuying to their last-minute shopping spree. According to a data report from ATTOM, Dec. 24 is the single best day of the year for buying a home. In an analysis of more than 48 million single-family home and condo...
Watchdog Group Seeks Bar Probe of Prosecutor in Letitia James Mortgage Fraud Case
The watchdog group Campaign for Accountability (CfA) has filed complaints with the Virginia Bar to investigate Lindsey Halligan, the Florida-licensed attorney appointed by President Trump designated as the Interim US Attorney for the Eastern District of Virginia....
New Forecast Predicts Slight Decline in Q4 Apartment Rent Growth
National apartment rent growth is projected to decline by 0.1% in the fourth quarter of this year, a downward revision of 160 basis points from a previous projection, according to Houseview forecast from CoStar Group (NASDAQ: CSGP). Vacancy is expected to hold at 8.2%...
News & Current Events
Kansas City Chiefs Reportedly Issue RFP for Design of New Stadium
The State of Kansas has offered to finance up to 70% of a new stadium project if the team decides to cross the state line. Continue Reading Kansas City Chiefs Reportedly Issue RFP for Design of New Stadium
Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
One of the unnamed sources in Politico’s coverage complained that Pulte “sold POTUS a bill of goods that wasn’t necessarily accurate.” Continue Reading Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
More than 1,200 New Jersey residents entered into HBAs, including 140 who paid early termination fees ranging from $575 to $42,000 to get out of them. Continue Reading New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
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Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property
“I never thought I would end up owning this important property at the entrance of 47th Street,” said the boxing legend. Continue Reading Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property
NAR Moves to Revoke Phoenix Realtors’ Charter Over New MLS Choice Program
NAR claimed it “has no choice but to defend the Realtor trademark, our integrated model, and Realtor and consumers they serve.” Continue Reading NAR Moves to Revoke Phoenix Realtors’ Charter Over New MLS Choice Program
Illinois Home Sales Up Nearly 3%
November’s monthly median price of $285,024 was 7.5% higher than the $265,000 price from the prior year. Continue Reading Illinois Home Sales Up Nearly 3%
Connecticut Office Property Sells at Significant Loss
The property previously sold in July 2014 for $13.5 million. Continue Reading Connecticut Office Property Sells at Significant Loss
La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents
CEO Joe La Rosa stated the company will implement a 2% fee for agents who choose to receive cryptocurrency payments. Continue Reading La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents
Mortgage Forbearance Level Inches Up
The share of Fannie Mae and Freddie Mac loans in forbearance increased 1 basis point to 0.21% last month. Continue Reading Mortgage Forbearance Level Inches Up
Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million
The six facilities are comprised of five skilled nursing facilities and one assisted living facility with 354 licensed beds. Continue Reading Strawberry Fields REIT Buys 6 Kansas Healthcare Facilities for $24 Million
KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments
KBS will manufacture 16 modules for the construction of 12 apartments across three buildings. Continue Reading KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments
Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse
“He’s a minister, he runs a nonprofit Christian ministry,” said attorney Michael Sylvester. Continue Reading Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse