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Trump Organization to Develop Luxury Hotel Resort in Maldives
The resort is set to open by the end of 2028. Continue Reading Trump Organization to Develop Luxury Hotel Resort in Maldives
Trump Organization to Develop Luxury Hotel Resort in Maldives
The resort is set to open by the end of 2028. Continue Reading Trump Organization to Develop Luxury Hotel Resort in Maldives
2,500-Home Community Planned for Austin Suburb
Red Oak Development Group has announced the launch of Moxie, a new 589-acre interconnected community located south of Austin in Lockhart, Texas. The company plans to bring 2,500 homes to the community, with an estimated 20% of the land dedicated to parks and open...
Home Depot Follows QXO’s Lead with Unsolicited Bid for GMS Inc.
Home Depot (NYSE: HD) has made a surprise bid for the building products distributor GMS Inc. (NYSE: GMS) after Brad Jacobs’ QXO (NYSE: QXO) made a $5 billion unsolicited offer for the Tucker, Georgia-based company. The Wall Street Journal first reported Home Depot’s...
Sara Burack, Agent on ‘Million Dollar Beach House,’ Killed by Hit-and-Run Driver
Sara Burack, a real estate agent who gained prominence through her appearance on Netflix’s 2020 series “Million Dollar Beach House,” was killed on Thursday morning by a hit-and-run driver in the Hamptons. The New York Post reports the 40-year-old Burack was found...
NEWS & CURRENT EVENTS
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
In addition to his prison sentence, Sannikov must pay $2.19 million in remaining restitution to four victims. Continue Reading Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Edward James Mitchell Jr. is scheduled to be sentenced on July 8. Continue Reading St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Washington State Lawmakers Consider Bill to Raise Property Tax Cap
“Without a doubt, if this property tax goes into effect, many will be forced to foreclose on their homes,” said the Washington State Republican Party. Continue Reading Washington State Lawmakers Consider Bill to Raise Property Tax Cap
Florida Realtors Oppose Bill to Eliminate State’s Real Estate Commission
“Removing FREC from the regulation of the real estate profession is too big a risk to take,” said CEO Margy Grant. Continue Reading Florida Realtors Oppose Bill to Eliminate State’s Real Estate Commission
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Dream Finders Homes Acquires Homebuilder Crescent Ventures
Dream Finders stated the deal will allow it to expand into Nashville and the South Carolina markets of Charleston and Greenville. Continue Reading Dream Finders Homes Acquires Homebuilder Crescent Ventures
Catalyst Impact Fund Acquires San Jose Multifamily Community for Affordable Housing
Future leasing at the 2018-built property will be restricted to households earning less than 80% of Santa Clara County’s median income. Continue Reading Catalyst Impact Fund Acquires San Jose Multifamily Community for Affordable Housing
Tammac Holdings Corp. Expands Into Michigan and Alabama
The company can now offer manufactured and mobile home loans in the two states. Continue Reading Tammac Holdings Corp. Expands Into Michigan and Alabama
CMBS Delinquency Rate Rises to 4.66%
The beleaguered office sector saw the greatest increase since September 2023 with a 48-basis-point spike to 6.30%. Continue Reading CMBS Delinquency Rate Rises to 4.66%
Unicoin Announces ‘Largest-Ever Cryptocurrency Real Estate Deal’ in Bahamas
The properties span 7,721 acres across two islands in the Caribbean nation. Continue Reading Unicoin Announces ‘Largest-Ever Cryptocurrency Real Estate Deal’ in Bahamas
Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building
This is the company’s first rehabilitation using Historic Tax Credits and its first in the state of Louisiana. Continue Reading Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building
Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate
The reports cover the apartment, industrial, office, strip center, mall, self-storage, senior housing, and single-family rental sectors. Continue Reading Green Street Releases ‘2024 Sector Outlooks’ for Commercial Real Estate
Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit
The terms of the settlement were not disclosed. Continue Reading Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit
Mortgage Rates Continue to Drop
“With continued deceleration in inflation we expect rates to decline further,” said Freddie Mac Chief Economist Sam Khater. Continue Reading Mortgage Rates Continue to Drop
New American Funding Acquires Draper and Kramer Mortgage Corp.
NAF stated the acquisition of DKMC will expand its presence in the Midwest and along the East Coast. Continue Reading New American Funding Acquires Draper and Kramer Mortgage Corp.
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