Judge rules proposed Chicago transfer tax hike is invalid
Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month
by Taylor Anderson Feb 23
Grant Cardone calls on investors to exit New York after Trump verdict
Cardone is instructing his team to cease investment into NYC, declaring that 'recent political decisions' will lead to price deterioration
by Ben Verde Feb 22
Construction costs poised to rise up to 6% in 2024
Building costs will rise between 3% and 6% throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown
by Ben Verde Feb 20
Yardi predicts weak multifamily rental growth for 2024
As a result of the delivery of 540K new apartments during 2024, Yardi is predicting weak rental price growth in some markets
by Ben Verde Feb 19
Investors nabbed over a quarter of low-cost homes sold in Q4
Although 26% of low-cost homes were purchased by investors during the last three months of 2023, the share of homes bought by investors fell
by Ben Verde Feb 14
Airbnb earned $10B last year, more than double pre-pandemic
The company earned $9.9B in total revenue for the year; nearly half was profit. That's more than double the total revenue the company earned in 2019, before the pandemic upended travel
by Taylor Anderson Feb 13
Loans for commercial and multifamily buildings fell 25% in Q4
Loans for office buildings specifically dropped 68% year over year and 32% quarter over quarter as investors remained wary about the risk-heavy sectors and interest rates remained high
by Ben Verde Feb 13
Need a roomie? Zillow now allows you to list single rooms for rent
Landlords have the ability to list single rooms for rent on Zillow, as affordability concerns relegate more renters to living with roommates
by Ben Verde Feb 9
2 multifamily operators settle in RealPage antitrust lawsuit
Pinnacle Property Management Services and AIR have settled with plaintiffs who accused them of increasing rent prices through collusion
by Ben Verde Feb 9
Nir Meir charged with larceny alongside HFZ, Omnibuild execs
HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York
by Ben Verde Feb 8
A softer rental market isn't enough to help hopeful homebuyers
Realtor.com's survey of more than 4K landlords and renters found that, although landlords are easing rental increases, it's not enough to help renters improve their financial outlooks
by Marian McPherson Feb 8
Luxury developer Nir Meir arrested in Miami Beach
Meir will be extradited to New York where he is likely to face charges of grand larceny and tax fraud from the Manhattan District Attorney
by Ben Verde Feb 7
Adam Neumann makes grand play to take back struggling WeWork
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor
by Ben Verde Feb 6
How to simplify rent collection for both landlords and tenants
Rent collection is essential for your portfolio's financial stability and profitability. Ryan Barone shares strategies to simplify it for you and your renters
by Ryan Barone Feb 6
Investment sales dropped 45% in Manhattan last year
Investor sales in Manhattan had their worst year in the past decade during 2023, if 2020 is excluded, according to a report from Ariel Property Advisors
by Ben Verde Feb 5
Greystar pens deal with Wood Partners on property management
Under the newly created agreement, all properties owned by Wood will see their management duties transferred to Greystar
by Ben Verde Feb 2