Santa Monica-based Macerich has joined the parade of REITs selling off real estate, with the retail specialist dumping more than a billion dollars worth of property in the last year and a... Read more »
Today, mortgage rates have seen a small bump over the weekend but are holding steady below the crucial 6% mark, suggesting that borrowing costs remain quite favorable. According to data from Zillow,... Read more »
The groups said the existing framework was designed after the financial crisis to strengthen bank resilience. But they argue the mortgage market has changed significantly since then. Reforms such as the Ability-to-Repay... Read more »
The real estate industry has survived recessions, financial crises, pandemic shutdowns and rate spikes, Darryl Davis writes. A commitment to being genuinely useful to the people you serve, regardless of what the... Read more »
Izek Shomof is taking his office-to-residential conversion talents from downtown Los Angeles and Long Beach to Glendale. The developer has filed plans to convert a 19-story office building at 101 North Brand... Read more »
Newmark has been appointed exclusive leasing agent for 130 Mercer, the Scholastic Building in SoHo, on behalf of the new owner, Empire State Realty Trust (ESRT), which paid $386 million to acquire it... Read more »
We’re right in the middle of ski season, and while some Americans are tuning in to watch Olympic skiing, others are imagining what it would be like to own a mountain home... Read more »
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Hancock Terrace, a 272-unit multifamily property in Santa Maria on California’s Central Coast. It traded for $75 million, or $275,735 per... Read more »