Due to current controversies in the Miami real estate market, more than 900 sales agreements for home purchases have fallen through before closing so far this year. These potential contracts, according to statistics, are failing due to rising mortgage rates and concerns generated by mandatory reforms that must be carried out on condominiums. Although data […]
Renowned as an excellent example of Italian Renaissance design, the iconic Esperson buildings in Houston were acquired by Interra Capital Group through a foreclosure sale last Tuesday. The lender, MetLife, initiated foreclosure proceedings on the property, which had been owned for over ten years by a subsidiary of Houston-based Cameron Management. The Esperson buildings are […]
According to recent analyses by CoreLogic, a real estate data company, it has been determined that the city of Chicago is currently experiencing housing affordability issues, representing a crisis within the local real estate market. When remote work emerged as a consequence of the COVID pandemic, many Chicago residents decided to sell their homes and […]
Areeif Lender W LLC, linked to New York-based Ares Commercial Real Estate, has taken over Greystar’s Gabriella skyscraper, located in East Downtown Dallas. According to a major local news outlet, Charleston, South Carolina-based Greystar obtained a $127 million loan from Areeif Lender W LLC in 2020. Last week, this lender reportedly offered $80 million in […]
