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Historic Baltimore Multifamily Community Sells for $5.95 Million
Built in 1927, The Baltimorean offers a mix of studios and one- and two-bedroom apartments with units averaging 385 square feet in size. Continue Reading Historic Baltimore Multifamily Community Sells for $5.95 Million
Historic Baltimore Multifamily Community Sells for $5.95 Million
Built in 1927, The Baltimorean offers a mix of studios and one- and two-bedroom apartments with units averaging 385 square feet in size. Continue Reading Historic Baltimore Multifamily Community Sells for $5.95 Million
Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
The City of Detroit has filed a lawsuit against a Florida-based blockchain property investment platform that owns more than 400 blighted properties that have become unlivable. The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165...
Nigerian National Convicted for Organizing HELOC Fraud Network
Oluwaseun Adekoya, a Nigerian national, was convicted by a jury for leading a nationwide bank fraud scheme involving the theft of home equity lines of credit (HELOCs). According to the charges brought against him, Adekoya – who operated under multiple pseudonyms –...
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Toll Brothers Inc. (NYSE: TOL), through its Toll Brothers Apartment Living rental division, has teamed with Gables Residential in a joint venture to develop Gables Angeline, a four-story, 243-unit luxury multifamily rental community in the Denver suburb of Littleton,...
NEWS & CURRENT EVENTS
Bankrupt Canadian Retailer Hudson’s Bay to Shutter 7 Remaining Stores
Hudson’s Bay filed for creditor protection earlier in March, owing $950 million to nearly 2,000 secured and unsecured creditors. Continue Reading Bankrupt Canadian Retailer Hudson’s Bay to Shutter 7 Remaining Stores
Hits and Misses for the Real Estate Week of April 21-25
This week’s Hits and Misses feature homebuyers who regret their purchase, a new approach to data center development, and another attempt to combat homelessness. Continue Reading Hits and Misses for the Real Estate Week of April 21-25
‘Fixer Upper’ Carpenter Clint Harp Leaving TV to Become a Realtor
“New journey. New chapter,” said Harp in an Instagram post. Continue Reading ‘Fixer Upper’ Carpenter Clint Harp Leaving TV to Become a Realtor
Commercial Real Estate Mortgage Borrowing and Lending Up 16% in 2024
Depositories were the leading capital source for the sector’s mortgage debt last year. Continue Reading Commercial Real Estate Mortgage Borrowing and Lending Up 16% in 2024
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Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion
The combined portfolio comprises 48 properties within infill submarkets in Los Angeles and Orange counties. Continue Reading Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion
Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices
Publisher's View: In a recent publication by the National Association of Realtors (NAR) titled "The Truth About the NAR Settlement Agreement," significant strides toward transparency and ethical conduct within the real estate industry are illuminated. This...
Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies
The company now has a 33.8% office vacancy rate, which it attributed to slow growth and layoffs Continue Reading Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies
Fraudster Sentenced in Brooklyn Real Estate Scam
Regine Norman was also ordered to pay restitution totaling $842,000. Continue Reading Fraudster Sentenced in Brooklyn Real Estate Scam
Mortgage Rates Drop Slightly
The 30-year fixed-rate mortgage averaged 6.79%, down from last week when it averaged 6.87%. Continue Reading Mortgage Rates Drop Slightly
North Las Vegas Repurchases Land from Abandoned Medical Property Development
spokesperson for the city said the developer did not provide a reason why the construction never happened. Continue Reading North Las Vegas Repurchases Land from Abandoned Medical Property Development
DeSantis Signs Bills Enabling Florida Police Eviction of Squatters
“The squatter scam ends today,” said the governor. Continue Reading DeSantis Signs Bills Enabling Florida Police Eviction of Squatters
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
The groups said a confirmation “will sustain the current flow of mortgage capital to home buyers without change or delay.” Continue Reading NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing
Pending Home Sales Up in February
NAR’s Pending Home Sales Index increased to 75.6 in February. Continue Reading Pending Home Sales Up in February
Home Depot Acquires Roofing and Building Supply Firm SRS Distribution
The Home Depot (NYSE:HD) is acquiring SRS Distribution Inc., a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, for $18.25 billion. SRS employs a 2,500-plus professional sales...
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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