Featured Real Estate News
Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
Prosecutors from the office of US Attorney Jeanine Pirro attempted to make an unannounced inspection of the construction work for the Federal Reserve’s headquarters renovation. The Wall Street Journal, sourcing its coverage from an unnamed “person familiar with the...
Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
“Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review,” said US Attorney Jeanine Pirro. Continue Reading Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
Apartment Rents Up Slightly in March
Apartment rents inched up slightly in March with the national average rising to $1,723, a 0.2% uptick from February’s upwardly revised level of $1,719. According to Apartments.com, an online marketplace of CoStar Group (NASDAQ: CSGP), February marked the fourth...
Canopy Real Estate Partners Pays $13.39 Million for 36-Unit Phoenix-Area Multifamily Community
Canopy Real Estate Partners, a commercial real estate investment firm, has acquired CJ Townhomes, a newly constructed 36-unit multifamily community in Mesa, Arizona, for $13.39 million. The 61,670-square-foot, fully leased property was built in 2024 and consists of...
A Phil Hall Op-Ed: In Search of New Homes
A Phil Hall Op-Ed: Last week, the National Association of Home Builders (NAHB) number-crunched data from the American Community Survey and came up with a remarkable result: Roughly half of the nation’s housing stock was built in the 1980s and earlier, with slightly...
News & Current Events
New Data Reports Find Cooling but Continued Home Price Gains
FHFA Director Bill Pulte did not offer a public comment on the price increases. Continue Reading New Data Reports Find Cooling but Continued Home Price Gains
Chicago Bears Give Illinois Lawmakers More Time to Resolve Obstacles for a New Stadium
“We don’t have a set deadline, but I am confident that sometime this spring/summer, we’ll know,” said Bears President Kevin Warren. Continue Reading Chicago Bears Give Illinois Lawmakers More Time to Resolve Obstacles for a New Stadium
Lennar to Open 3 New Townhome Communities in Southwest Florida
The townhomes offer two-story, open-concept floor plans ranging from 1,343 to 1,392 square feet with three bedrooms and two baths. Continue Reading Lennar to Open 3 New Townhome Communities in Southwest Florida
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Report: 44% More Home Sellers Than Buyers
Redfin defines a market with over 10% more sellers than buyers as a buyer’s market. Continue Reading Report: 44% More Home Sellers Than Buyers
Stanley Martin Homes Acquires United Homes Group for $221 Million
United Homes focuses on creating attainable single-family homes across high-growth markets in the Southeast. Continue Reading Stanley Martin Homes Acquires United Homes Group for $221 Million
South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans
Opponents of the bill argued it unfairly shifted the property tax burden onto other homeowners without addressing the problems in the state’s property tax system. Continue Reading South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans
Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium
Following the closing of the transaction, Veris’ common stock will no longer be listed on the NYSE. Continue Reading Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium
ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City
“You’re going to let Indiana profit off your team?” Smith asked. Continue Reading ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City
US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
The Roosevelt opened in 1924 and has more than 1,000 rooms. Continue Reading US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
Boston Approves New Seaport District Hotel Across from Menino Center
The new hotel will join the existing Aloft and Element Boston Seaport hotels as the newest component of a 968-key hotel and retail campus. Continue Reading Boston Approves New Seaport District Hotel Across from Menino Center
Hits and Misses for the Real Estate Week of Feb. 16-20
A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. Continue Reading Hits and Misses for the Real Estate Week of Feb. 16-20
Home Builders Renew Exemption Call on Building Materials as Trump Plans Global 10% Tariff
The National Association of Home Builders (NAHB) renewed its call to exempt building materials from his renewed tariff targeting after the Supreme Court voted 6-3 to reject President Trump’s expanded use of the International Emergency Economic Powers Act (IEEPA) for...