July 2024

Office Tenants’ Flight to Quality Buildings Increases in 2024

Based on recent analysis of office markets in 57 U.S. cities by CBRE, a top-tier echelon of office buildings that is thriving while much of the sector struggles to adapt from high interest rates, inflation and reduced demand due to hybrid work. CBRE researchers and brokers collaborated to identify each market's highest quality buildings, designated as prime office buildings. The resulting roster of 830...

Propy, Parcl announce partnership to bring analytics to NFT real estate

What happens when you combine a decentralized application (dApp) tokenization platform with a decentralized finance (DeFi) protocol built on real-time data? Other than an intriguing word salad, two real estate proptech startups believe it means very good things for property owners using nonfungible tokens (NFTs). Propy and Parcl announced a strategic partnership on Thursday in which they hope...

Raleigh, Nashville top list of millennial homebuyer hot spots: SmartAsset

Millennials are once again the largest group of homebuyers in the country. In some metro areas, they are buying homes at rates up to 13 times higher than other areas. A report released this week by personal finance website SmartAsset analyzed data from the U.S. Census Bureau and the Home Mortgage Disclosure Act (HMDA) across the 40 largest U.S. metro areas to determine the top markets for millennial...

Move asks court to block CoStar from accessing allegedly stolen files

Thing are heating up in Move Inc.’s ongoing battle with CoStar Group. On Monday, Move (the parent company of Realtor.com) filed a motion for a preliminary injunction in the suit it filed earlier this month against CoStar, the parent company of Realtor.com rival Homes.com, and James Kaminsky, a former Move employee who now works for Homes.com. In the complaint, Move alleges that Kaminsky stole...

Sagent hires former Mr. Cooper executive Jaime Gow as CFO 

Fintech Sagent hired Jaime Gow, a former executive at Mr. Cooper and First Horizon Bank, as its new chief financial officer. The hiring coincided with the departure of the company’s chief technology officer, Uday Devalla.  Warburg Pincus-backed Sagent highlighted Gow’s background in servicing as a reason for hiring him. That’s the exact space in the mortgage industry that the company wants to...

Five federal agencies finalize new guidance for ROVs

A coalition of five federal agencies — the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corp. (FDIC), the Federal Reserve Board, the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) — announced on Thursday finalized guidance that is designed to address “reconsiderations of value (ROVs) for residential real estate...

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