MGM Construction Group, a South Florida-based commercial and residential construction firm, has announced the pouring for levels 1-13 of the highly anticipated West Tower of the Oasis Hallandale. Located in the heart of Hallandale Beach, the mixed-use development is set to top out in late fall boasting 500 residences, shops, restaurants, and offices on its 10-acre site. The West Tower is slated to soar 25...
Image CEO Owen Thomas said the company has seen increased leasing activity and robust capital...
A new report from CBRE reveals that ongoing power shortages are creating opportunities for development in emerging global data center markets and driving up rents in established markets worldwide. Companies aiming to secure data center capacity are increasingly investing in emerging markets like Northern Indiana, Boise (Idaho), Mumbai (India), Rio de Janeiro (Brazil), and Oslo (Norway), which are...
Image Vert Asset Management’s Sarah Adams advocates for data-driven...
The Consumer Financial Protection Bureau (CFPB) last month issued an enforcement order against former Home Equity Conversion Mortgage (HECM) servicing contractor NOVAD Management Consulting and subcontractor Sutherland Global for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.” An attorney said the decision could have broad...
After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments. Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% in June to 2,105, while HECM case numbers for May dropped 7.9% to 3,214. This is according to data compiled by Reverse Market Insight (RMI). Meanwhile, HECM-backed Securities...
Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. This interview has been edited for length and clarity. Listen to the whole episode here. Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s...
Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down. That’s according to the monthly home price index report from CoreLogic, which shows that U.S. home prices grew by 4.9% year over year in May. That was the lowest yearly rate of appreciation since October 2023. The index was up 0.6% percentage points compared to April....
Amid the greenery of suburban Maryland, Legacy at Twin Rivers is an unassuming apartment building, with clean, modern design and a pleasant landscape that you might mistake for any new, market-rate rental property in the area. And that’s the point. At a time of skyrocketing housing costs, rising interest rates, and pressures on renters and housing providers alike to control costs, this 153-unit...
In the upscale community of Lido Shores in Sarasota, Florida a 5-bedroom home has set a new record for the neighborhood. The property at 1325 Westway Drive, a 2011-built contemporary home — inspired by Sarasota’s School of Modern Architecture and the international modern architecture of Brazil — traded hands in a $12.5 million, all-cash deal. The $12.5 million sales price marks a new record...
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