Featured Real Estate News
Chicago Boosts Hotel Tax, Making it the Nation’s Highest
Chicago is now home to the nation’s highest hotel tax after the City Council unanimously voted on Wednesday to create a Tourism Improvement District and raise the tax on hotel rooms within that district to 19%. According to the Chicago Sun-Times, the current combined...
Chicago Boosts Hotel Tax, Making it the Nation’s Highest
The tax increase applies to room rates at hotels with 100 or more rooms. Continue Reading Chicago Boosts Hotel Tax, Making it the Nation’s Highest
CMBS Delinquency Rate Dropped to 7.14% in February
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
A former credit loan officer in Massachusetts was sentenced to 18 months in prison, followed by two years of supervised release, for defrauding his employer out of almost $1 million. According to the charges brought against him, Brian Socha was employed at MassMutual...
Shayne Farley Becomes CEO at Stellar MLS
Stellar MLS, the largest multiple listing service serving Florida and Puerto Rico, announced the official appointment of Shayne Fairley as CEO. Last July, Farley was announced to become the successor to Merri Jo Cowen, who will continue to serve in a strategic...
News & Current Events
Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Prior to Wyndham, Sripathi was vice president of finance and capital markets at RLJ Lodging Trust. Continue Reading Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Amazon Acquires Virginia Campus of George Washington University for $427 Million
The deal will allow the university to remain on the property for up to five years as campus-based programs and university offices are relocated. Continue Reading Amazon Acquires Virginia Campus of George Washington University for $427 Million
Thousands of Boston Properties at Risk of Sinking Due to Rotting Wooden Foundations
Wood pilings can last for centuries underwater, but they begin to decay when exposed to oxygen. Continue Reading Thousands of Boston Properties at Risk of Sinking Due to Rotting Wooden Foundations
Recent Posts
Hits and Misses for the Real Estate Week of March 23-27
Dallas-Based Onyx Realty Group Joins The Real Brokerage
Douglas Elliman Launches Yacht Advisory Division
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
CoStar Group Files Amended Complaint in Copyright Infringement Lawsuit Agai…
Popular Articles
Exclusive News
White House Dropping Plans for 50-Year Mortgage
“I think we have other priorities,” said FHFA Director Bill Pulte. Continue Reading White House Dropping Plans for 50-Year Mortgage
LA Rams Owner Sues Over Planned Billboards Near His Stadium
“We have every right to use public land for what we want to do,” Inglewood Mayor James Butts said in an interview. Continue Reading LA Rams Owner Sues Over Planned Billboards Near His Stadium
Michael Case Named President at Kipling Group
Kipling joined Kipling Group in 2024 as chief operating officer, and he will retain that position. Continue Reading Michael Case Named President at Kipling Group
Trump Organization Previews $1 Billion Saudi Residential Development
“Expanding our presence in Saudi Arabia with Trump Plaza Jeddah underscores our commitment to world-class quality and iconic design,” said Eric Trump. Continue Reading Trump Organization Previews $1 Billion Saudi Residential Development
Macy’s to Close 14 Stores Across 12 States
The retailer will shutter the stores following clearance sales that are set to begin in mid-January and run for approximately 10 weeks. Continue Reading Macy’s to Close 14 Stores Across 12 States
Furniture Retailer Closing All 89 Stores
The Columbus, Ohio-based American Signature filed for Chapter 11 bankruptcy in November after nearly 80 years in business. Continue Reading Furniture Retailer Closing All 89 Stores
Report: FHFA’s Pulte Instigated Subpoena and Indictment Threat Against Powell
Pulte has made no public comment on Powell’s announcement. Continue Reading Report: FHFA’s Pulte Instigated Subpoena and Indictment Threat Against Powell
Powell Announces He is Target of DOJ Criminal Probe
Federal Reserve Chairman Jerome Powell announced the Department of Justice (DOJ) has served the central bank with grand jury subpoenas related to his testimony last June before the Senate Banking Committee related to the renovation of the Fed’s headquarters. In an...
Hits and Misses for the Real Estate Week of Jan. 5-9
A pair of unexpected housing policy proposals, an unfair accusation against a hotel chain, and an unlikely new theme park. Continue Reading Hits and Misses for the Real Estate Week of Jan. 5-9