CBRE has arranged $47 million of construction financing for Motto Apartments, a 228-unit multifamily project being developed by Intracorp Homes in Marysville, Washington. CBRE’s James Bach, Connor Lemley, Regina Wang and Griffin Walker secured the construction to permanent, seven-year fixed, full-term interest-only financing on behalf of their client, Intracorp. The CBRE team requested construction loan […]
Office has become a four-letter word for many real estate lenders, and that sentiment is now bleeding into the healthcare sector. The sector has seen demand remain relatively stable in the wake of the pandemic, but the presence of office space within many healthcare properties is creating concern among some lenders who want to reduce their exposure to […]
A search for solutions More eviction filings after a historic drop in rent assistance should perhaps not be all that surprising, said Ted Kelleher, housing assistance program manager for the state Department of Commerce. State lawmakers created an ongoing rent-assistance program in 2021 that is expected to distribute about $30 million per year, but that […]
Amazon and its founder-turned-executive-chairman, Jeff Bezos, both look set for new ventures in Miami. Bezos—the world’s second richest person, according to Bloomberg’s Billionaires Index—announced earlier this month that he was planning to move back to Miami, where his parents live and he spent his high school years. Bezos stepped down as Amazon CEO in 2021, […]
Amazon and its founder turned executive chairman, Jeff Bezos, both look set for new ventures in Miami. Bezos—the world’s second richest person, according to the Bloomberg Billionaires Index—announced earlier this month that he was planning to move back to Miami, where his parents live and where he spent his high school years. Bezos stepped down […]
After being traded to the Phoenix Suns, former Washington Wizards shooting guard Bradley Beal has sold his Bethesda, Maryland mansion. The multimillion dollar mansion was built in 2016 and features six bedrooms, nine-and-a-half bathrooms, an arcade and two basketball courts. The property is over 13,000 square feet and is designed with a Miami contemporary chic […]
An 11-story, pre-war apartment building in Washington Heights has been sold for $10.2 million. Located at 788 Riverside Dr, the 80,678 square feet building houses 62 apartments, mainly comprised of rent-stabilized and rent-controlled units, alongside some free-market units. With average unit sizes of approximately 1,025 square feet, the property features predominantly two- and three-bedroom […]
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]
Lisa Boccetti is horrified by the restrictive covenant that is in the deed to her 1950s ranch house in Raleigh, North Carolina: It states that the land cannot be sold or occupied by Black people. The property “shall not be sold to negroes or to any person or persons of negro blood, and said premises shall […]
A combination antique shop, printmaker, and event venue in San Francisco is expected to be auctioned off next year. The business, known as BoxSF and owned by Mark Sackett, is hosted in a building that currently has a broken window and its address, 1069 Howard St., is next door to a drug sobering center. Sackett […]
Lisa Boccetti is horrified by the restrictive covenant that is in the deed to her 1950s ranch house in Raleigh, North Carolina: It states that the land cannot be sold or occupied by Black people. The property “shall not” be sold to Black people, “and said premises shall not be occupied“ by Black people, except […]
Lisa Boccetti is horrified by the restrictive covenant that is in the deed to her 1950s ranch house in Raleigh, North Carolina: It states that the land cannot be sold or occupied by Black people. The property “shall not” be sold to Black people, “and said premises shall not be occupied“ by Black people, except […]
If you have ever shopped for a home, built a home, renovated a home, read a book in your home, or approached your home at night, this article is for you. What do all these things have in common? Lighting. Lighting is an essential aspect of home design, contributing to the overall atmosphere and functionality […]
Newly released data for August shows that potential buyers and sellers in Washington County saw houses sell for higher than the previous month’s median sale price of $255,000. The median home sold for $300,000, an analysis of data from Realtor.com shows. That means August, the most recent month for which figures are available, was up […]
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } Lisa Boccetti is horrified by the restrictive covenant that is in the deed to her 1950s ranch house in Raleigh, North Carolina: It states that the land cannot be sold or occupied by Black people. The property “shall not […]
Email Sign Up For Our Free Weekly Newsletter Based on Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.29 percent. This week’s results include an adjustment for the observance of Thanksgiving. Sam Khater “Mortgage rates continued to decrease heading into the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s Chief Economist. […]
It was a foregone conclusion that Robert “Z Man” Mackey would trounce Bryant “Buster” McClain in checkers on a recent Thursday night. The fundamental uncertainty at the Capital Pool Checkers club in Northwest Washington would instead concern matters of honor and psychology: Who would win the game of trash talk? “I’ll take it, you give […]
Shouldn’t the United States really be building more housing? Home prices keep skyrocketing, even though the Federal Reserve has hiked interest rates repeatedly. The average monthly mortgage payment has soared from around $1,853 two years ago to $2,951 today, according to a Redfin analysis of newly purchased homes. Economics usually offers a pretty easy solution […]