Executive Order Prompts Build-To-Rent 'Sigh Of Relief'
Build-to-rent's exclusion from a recent executive order targeting Wall Street's investment in the single-family market could add to its appeal for institutional investors, who were already flocking to build-to-rent, due to demand for affordable entry-level housing, its efficiency, scale and similarities to multifamily development.
Day Pitney's Real Estate Co-Chair Talks Boston CRE Market
More housing, including affordable and nonluxury units, and a cautious approach to tax policy can help Boston's commercial real estate market overcome the challenges it has faced in recent years, said the new co-chair of Day Pitney LLP's real estate practice.
Trump Order On Wall Street Landlords Floats Antitrust Review
President Donald Trump has signed an executive order directing federal agencies to avoid supporting single-family home purchases by institutional investors, calling the practice an impediment to homeownership for U.S. families.
Commercial More
A joint venture between 601W Cos. and David Werner Real Estate Investments purchased a block-long Chicago office building at an 85% discount from prior owner Brookfield's purchase price, lender Northwind Group said Tuesday.
Kansas would allow localities to increase their liquor tax rates if approved by voters in order to offset revenue losses from lowering property tax rates in the area under a bill introduced in the state House ... (more story)
A mortgage origination unit of Apollo Global Management announced Wednesday it will sell a $9 billion loan portfolio to an affiliated insurance company after the real estate investment trust's stock consistent... (more story)
The D.C. Circuit got a lesson in tribal history dating back to the 19th century as lawyers for the federal government and a Native American tribe argued Monday whether a congressional act gives the tribe compe... (more story)
A lender accused two real estate investors in Colorado state court of defaulting on a nearly $30 million loan and violating its terms by entering into property transfers with affiliates without approval.
Vornado Realty Trust is transforming another strip of retail at The Penn District and has tapped Newmark as the leasing agent for the latest component of the real estate investment trust's $2.5 billion New Yor... (more story)
A Michigan federal judge on Monday signed off on a $3.6 million deal to end a yearslong lawsuit that made its way to the Sixth Circuit alleging the City of Detroit took a commercial property owner's land while... (more story)
Residential More
Moratoriums that shielded Washington renters from eviction during the height of the COVID-19 pandemic unconstitutionally forced property owners to house tenants who otherwise had no right to remain in their un... (more story)
Railroad company Norfolk Southern argued in North Carolina federal court that poor stormwater management at a nearly 1,000-home D.R. Horton development caused a July washout that canceled rail service, require... (more story)
With each side comparing the other to children, CoStar Group pushed back Wednesday against a new activist shareholder campaign from hedge fund Third Point that aims to force board of director changes and a res... (more story)
An all-star development team pursuing a name-brand project in a prime location led to Bank OZK extending $323.8 million in financing to build a 20-story, 70-unit luxury residential project in Miami's Coconut G... (more story)
JPMorgan, the mortgage lender to a Manhattan loft owner, has urged a New York bankruptcy court to appoint a Chapter 11 trustee in the landlord's bankruptcy case or convert it to a liquidation under Chapter 7, ... (more story)
Kempinski Group, Europe's oldest independent luxury hotel company, revealed Friday that it plans to develop its first branded residential property in the United States with a two-tower project in Miami.
The Federal Trade Commission reached an agreement Friday allowing Sevita Health to move ahead with an $835 million deal for BrightSpring Health Services Inc.'s community living business, conditioned on the sal... (more story)