Orlando-based CTO Realty Growth acquired the Marketplace at Seminole Towne Center, a 318,000-square-foot multi-tenant retail power center in Orlando, for a purchase price of $68.7 million. CTO Realty Growth’s John P. Albright adds, “Seminole Towne Center provides a...
What a $418 million settlement on home-sale commissions may mean for you
A landmark class-action lawsuit may change the way Americans buy and sell homes.The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit where a federal jury found the organization and several large real-estate...
Don’t trust Trump’s ‘impossible’ appeal bond claims, attorney general tells judges
Former U.S. President Donald Trump speaks to the media as he arrives at a Manhattan courthouse trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4,...
The Fed hasn’t touched interest rates since July, but they’re still moving. What that looks like for credit cards, mortgages and savings accounts
Hinterhaus Productions | Digitalvision | Getty ImagesSavings accountsHigher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It's one of the silver linings to the current rate environment,...
Fully-Leased Tequesta Retail Center Flips for $20M – Connect CRE
Birmingham, Alabama-based commercial real estate firm Shannon Waltchack (SW) acquired a South Florida retail center for $20.4 million. Russel Properties, the seller, bought the 74,000-square-foot Tequesta Village Square in 2017 for $12.5 million. It was built in 1957....
Converted Tampa Mall Adding 1.1M SF Healthcare Project – Connect CRE
RD Management is converting property in the old University Mall into healthcare uses along with a number of science and tech users. Commercial Edge reports RD, owner and developer of a 100-acre mixed-use site in Tampa’s Uptown District, has chosen JLL’s Central...
Redfin CEO on NAR settlement: People should have a voice in how much a real estate agent gets paid
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the settlement on the home buying process, and more. Source link
Weekly mortgage demand drops as interest rates rise again, but Fed announcement will be key for spring market
Townhomes are under construction on July 19, 2023 in Mundelein, Illinois. Scott Olson | Getty ImagesMortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week,...
Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says
Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former president's civil fraud case, but the company backed out — days after it raised eyebrows for giving Trump a bond in a separate case, according to a...
Real estate has not bottomed yet, predicts Fortress Investment Group co-CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDrew McKnight, Fortress Investment Group co-CEO & managing partner, joins 'Fast Money' to talk the real estate and banking spaces and why he believes...