It's Friday desk clearing time for this blogger. "During the fourth quarter of last year, 2,404 sales closed in Manhattan, a 1.2% dip year-over-year. The median sales price, meanwhile, remained flat at close to $1 million, according to a report…
Three reports from the Wall Street Journal. "Last spring, a real-estate lender hired three ratings firms to rate a series of bonds backed by speculative real-estate loans. Only one of the three got to rate all the bonds. Moody’s Corp.…
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…
It's Friday desk clearing time for this blogger. "Four Bay Area cities got ranked among the weakest real estate markets in the nation. Some experts say this cooling of the market is all part of a normal stabilization period that…
A report from the Norman Transcript in Oklahoma. "The developer that partnered with the University of Oklahoma to construct Cross Village is suing the university for more than $750 million, alleging that OU misled Cross investors and breached its contract.…
A report from DS News. "What might make delinquencies rise a long decline into historically low levels after the Great Recession? Mike Rawls, EVP of Servicing for Mr. Cooper points to slowdowns in home prices across the country. 'Home price…
A report from Minnesota Daily. "For around $1,735 per month, you can rent a one-bedroom, one-bathroom penthouse apartment at Hub Minneapolis, one of the newest luxury apartments aimed at students near the University of Minnesota. The apartment complex is roughly…
A report from the Dallas Observer in Texas. "Khraish Khraish is no longer in the low-rent landlord business. Three years ago, Khraish was among several large-scale landlords targeted by the former mayor and City Council in a campaign to drive…
A report from Crain's New York Business. "The market has changed since 2012, when Extell’s One57 tower in Midtown reached over $1 billion in purchases in six months, touching off the city’s luxury construction boom. Extell followed that Billionaires’ Row…