REAL ESTATE NEWS - Financing and Mortgages

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Wanxiang's Pru Plaza Revamp Lures New Tenants with $50M Investment
Chicago Landlord's $50M Investment Attracts Two Companies to Downtown Office Space.
Wanxiang invests $50M in Pru Plaza revamp, attracting new tenants in Shanghai.
Trump's Deportation Plans: A Housing Market Impact Assessment
Matt Garland discusses how mass deportation policy could disrupt construction and homebuilding.
US President Trump's deportation plans impact US housing market assessment and economy.
GFP, TPG secure $288M loan for Financial District redevelopment
Construction loan secured for 222 Broadway office-to-residential conversion in Lower Manhattan.
GFP, TPG secure $288M loan for Financial District redevelopment project.
Trump appoints Bill Pulte as head of national housing oversight
President-elect Trump selects Bill Pulte, private equity businessman, as next Federal Housing Finance Agency director.
President Trump appoints Bill Pulte as head of national housing oversight panel.
US Mortgage Rates Exceed 7 Percent for Second Time
Freddie Mac reports 30-year fixed-rate mortgage averaged 7.04% as of January 16, 2025.
US mortgage rates surpass 7 percent for second consecutive time nationwide.
Gramercy Square condo owners sue developers over construction defects
Gramercy Square Condominiums' 223 units brought controversy in 2018, with the board accusing developers of causing headaches.
Gramercy Square condo owners sue developers over construction defects in New York City.
GuocoLand Secures $1 Billion in Green Financing for Real Estate Projects
GuocoLand secures S$1.24 billion in green loans from DBS and OCBC for sustainable development projects.
GuocoLand secures $1 billion in green financing for real estate projects globally.
Racine housing market: Prices may surge as 2025 inventory dwindles
Racine, WI home prices expected to rise in 2025 due to tight inventory.
Racine housing market: Empty lots dwindle, prices may surge in 2025.
Mark Diamond Sentenced to 17 Years for Reverse Mortgage Fraud
Chicago real estate scammer sentenced to 17+ years for defrauding over 100 elderly property owners in reverse mortgage and home repair scheme.
Mark Diamond sentenced to 17 years in prison for mortgage fraud scheme.
SmartCentres REIT Issues $300 Million Senior Unsecured Debentures
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER US WIRE SERVICES: SmartCentres Announces...
SmartCentres REIT issues $300 million debentures in Canadian financial market transaction.
Penn-Florida dodges $145M auction with Boca Raton Via Mizner bankruptcy filing
Penn-Florida affiliate files bankruptcy on 101 Via Mizner, avoiding foreclosure auction over $145M loan.
Boca Raton's Via Mizner condo complex avoids $145M auction due to bankruptcy filing.
Mortgage rates surpass 7% threshold after eight-month hiatus
Rates rise for fifth straight week, but inflation data hints at potential relief.
Mortgage rates exceed 7% for the first time in eight months nationwide.
California Wildfire Victims Face Ongoing Mortgage and Tax Burdens
Los Angeles homeowners offered mortgage relief from major lenders amid wildfire concerns.
California wildfire survivors struggling with mortgage and tax debt amidst devastation.
M&T Bank to Resume Lending Operations in 2025
M&T Bank quietly reduced at-risk debt through 2024, despite commercial real estate predictions.
M&T Bank resumes lending operations in 2025, marking financial recovery milestone.
Florida Real Estate Forecast 2025: Emerging Trends and Market Projections
Florida's economy driven by real estate; understanding market trends aids policymakers, residents, and Realtors in planning.
Florida real estate market trends and projections for 2025, with maps and graphs.
Navigating Manhattan's Ever-Changing Real Estate Landscape
Perception of the market: Half full or half empty? It depends on your perspective and circumstances.
Manhattan skyscrapers, bustling streets, and real estate agents in New York City.
US Home Foreclosures Decline 10% in 2024
Foreclosure filings rose to 322,103 U.S. properties in 2024, per ATTOM's Year-End report.
US housing market sees 10% decline in foreclosures nationwide in 2024.
New York's Housing Landscape: Hochul's Proposals Offer Gradual Shifts
Gov. Kathy Hochul proposes housing policies, but critics say they don't address crisis adequately.
New York Governor Hochul proposes gradual housing shifts in state's urban landscape.
Maine's Housing Market Surprises with Resilience
Maine's Real Estate Market Begins to Balance After Years of Low Inventory and High Prices.
Maine housing market shows surprising resilience amidst national economic fluctuations.

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