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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
HomeDeveloper

Developer

BT Tower
Commercial Real Estate

London’s BT Tower Sold to Hotel Group

February 22, 2024 Mariel Alumit Comments Off on London’s BT Tower Sold to Hotel Group

The telecommunications company BT Group has announced the sale of its London landmark BT Tower to MCR Hotels for $346 million, with the new owner planning to transform the structure into a hotel. Located in […]

Trump
Commercial Real Estate

NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

February 20, 2024 Mariel Alumit Comments Off on NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

In the wake of Friday’s trial verdict that fined former President Donald Trump nearly $355 million and banned him from doing business in New York for three years for alleged over-valuation of his properties, Gov. Kathy Hochul […]

Shaquille
Celebrities

Shaquille O’Neal quietly builds massive real estate empire amid ‘dumbass mistakes’ and solitary life

February 20, 2024 Mariel Alumit Comments Off on Shaquille O’Neal quietly builds massive real estate empire amid ‘dumbass mistakes’ and solitary life

  NBA icon Shaquille O’Neal has been quietly building a real estate empire despite his recent interview in which he opened up about losing everything that matters along the way, The Post has learned. Known […]

Master planned communities
Developer

Master planned communities post strong new home sales numbers in 2023

February 14, 2024 Mariel Alumit Comments Off on Master planned communities post strong new home sales numbers in 2023

​ Despite high mortgage rates, master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting, the top 50 MPCs sold more than 34,600 new homes […]

homebuilders
Developer

Elevated borrowing costs remain the top worry for homebuilders

February 6, 2024 Allen Santos Comments Off on Elevated borrowing costs remain the top worry for homebuilders

​ Last year was largely a good one for the nation’s homebuilders, which were able to offer rate buydowns to attract more clients while maintaining double-digit profit margins. Additionally, the competition from existing home sellers […]

Lincoln Avenue Communities
Commercial Real Estate

Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building

February 2, 2024 Mariel Alumit Comments Off on Lincoln Avenue Communities to Rehabilitate Historic New Orleans Senior Housing Building

Lincoln Avenue Communities (LAC) has acquired Tivoli Place, a senior housing complex in New Orleans, and announced plans for an extensive rehabilitation of the property. The company – which is headquartered in Santa Monica, California, […]

Real estate developer
Developer

Real estate developer sells grand NYC home for more than $10M off its original asking price

January 15, 2024 Allen Santos Comments Off on Real estate developer sells grand NYC home for more than $10M off its original asking price

Real estate developer Edward Minskoff has sold his grand Park Avenue apartment for $7.4 million — a hefty discount from its initial $17.7 million asking price in 2022, Gimme Shelter has learned. The buyers are Douglas […]

Developer

Homebuilders are primed for an even better 2024

December 30, 2023 kingstu Comments Off on Homebuilders are primed for an even better 2024

In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners. And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew […]

Oklahoma City
Commercial Real Estate

Developer Proposes 134-Story Apartment Tower for Oklahoma City

December 21, 2023 kingstu Comments Off on Developer Proposes 134-Story Apartment Tower for Oklahoma City

A California developer has proposed an apartment tower for Oklahoma City that would be the second tallest building in the nation. According to a report in The Oklahoman, Scot Matteson has put forth a proposal to […]

Colony Ridge
Developer

CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

December 21, 2023 kingstu Comments Off on CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) have filed a lawsuit against the Texas-based developer and lender Colony Ridge, accusing the company of operating an illegal land sales scheme […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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