Featured Real Estate News
St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
A St. Louis-area contractor who fraudulently obtained $1.7 million in pandemic loans was sentenced to three years in prison and ordered to repay the money. Coretta “Cory” Elliott owned and operated CMT LLC, a contractor that provided commercial construction,...
St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Elliott pleaded guilty in November in U.S. District Court to two counts of wire fraud. Continue Reading St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Fed to Reduce Staff in Banking Supervision Group by 30%
The Federal Reserve is enacting a 30% staff reduction in its division focused on banking supervision. The job cuts were detailed in an internal memo viewed by The Wall Street Journal – the Federal Reserve has not made any public statement on its layoffs, which would...
Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
The speaker of Florida’s House of Representatives fired back at comments made by Gov. Ron DeSantis over the legislature’s multiple proposals for property tax relief. The Tallahassee Democrat reports House Speaker Daniel Perez, a Republican, took umbrage over DeSantis’...
Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project
The real estate development firm Related Companies has been hired to construct a $7 billion data center outside of Detroit for the Stargate project venture between OpenAI and Oracle (NYSE: ORCL). The Wall Street Journal reports Related’s 250-acre campus in Saline...
News & Current Events
Carrington Holding Company Acquires Reliance First Capital
The terms of the deal were not disclosed. Continue Reading Carrington Holding Company Acquires Reliance First Capital
New White Paper Considers the Role of AI Tools in Luxury Real Estate Sales
Case studies on how early adopters are already using AI are included. Continue Reading New White Paper Considers the Role of AI Tools in Luxury Real Estate Sales
New Wave of Online Fraudsters Target Abu Dhabi Real Estate Market
THE UAE capital is witnessing a resurgence in fraudulent advertisements on social media promising properties being offered at discounted prices. Continue Reading New Wave of Online Fraudsters Target Abu Dhabi Real Estate Market
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Exclusive News
Las Vegas Police Fatally Shoot Realtor Who Called for Help During Home Invasion
Brandon Durham was shot six times in his home by Officer Alexander Bookman. Continue Reading Las Vegas Police Fatally Shoot Realtor Who Called for Help During Home Invasion
Mortgage Application Activity and Forbearance Levels on the Rise
“Approximately 65,000 more borrowers are in forbearance compared to one month ago,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity and Forbearance Levels on the Rise
Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
Combs acquired his Holmby Hills estate in 2014 for $39 million and listed it at $60 million prior to his recent arrest. Continue Reading Real Estate Investor Bo Belmont Makes Discounted Bid for Sean ‘Diddy’ Combs Estate
Mid-Atlantic Brokerages Announce Merger
Both teams operate under the eXp Realty brokerage umbrella. Continue Reading Mid-Atlantic Brokerages Announce Merger
NYC Office Building Sells for $255 Million
The 12-story, 176,588-square-foot property opened in 2022. Continue Reading NYC Office Building Sells for $255 Million
Connecticut Medical Building Sells for $19.1 Million
Built in 1981, the property is 100% leased to three medical tenants. Continue Reading Connecticut Medical Building Sells for $19.1 Million
California Home Sales Rebounded in October
Also on the rise was the statewide median price – $888,740, up 2.4% from the prior month. Continue Reading California Home Sales Rebounded in October
Edina Realty in $3.5 Million Settlement Over Home Warranty Promotions
Edina Realty said it “worked cooperatively with the Attorney General’s Office to answer their questions and explain our industry, our company and how we do business.” Continue Reading Edina Realty in $3.5 Million Settlement Over Home Warranty Promotions
Italian Village Offers $1 Homes to Post-Election Americans
“We just really want, and will focus on, Americans above all,” said Mayor Francesco Columbu. Continue Reading Italian Village Offers $1 Homes to Post-Election Americans