CIM Group Finalizes $90 Million Loan for Renaissance Hotel in Downtown Austin CIM Group, through its CIM Real Estate Debt Solutions business and on behalf of a CIM-managed fund, has closed a $90 million loan to Brookfield Asset Management for…
CoreLogic®, a leading provider of global property data, analytics, and solutions, has released its Homeowner Equity Report (HER) for the third quarter of 2024. According to the report, U.S. homeowners with mortgages, which represent approximately 62% of all properties, saw…
Terreno Realty Corporation (NYSE: TRNO), a prominent acquirer, owner, and operator of industrial real estate in major U.S. coastal markets, has announced its acquisition of an industrial property in Long Island City, Queens, New York. The transaction, completed on December…
Mercator.ai, a leading AI-driven business development platform for the commercial construction industry, has announced its expansion into the Houston market. Following a successful debut in Austin earlier this year, the move marks a significant step in the company’s ambitious Texas…
Hunt Capital Partners (HCP) has closed its largest multi-investor fund to date, raising $193.5 million through the Hunt Capital Partners Tax Credit Fund 51 (HCPTCF 51). This low-income housing tax credit (LIHTC) equity fund will support the development and preservation…
CoreLogic® has released its Home Price Index (HPI™) and HPI Forecast™ for October 2024, revealing that U.S. home price growth remained relatively flat, with a 3.4% year-over-year increase and a marginal 0.02% rise from September. This stagnation signals that home…
The Canadian Union of Public Employees (CUPE) Newfoundland and Labrador is urging the provincial government to invest in public housing workers, arguing that public funds should be allocated toward expanding the workforce rather than being spent on private contracts that…
Rayonier Inc. (NYSE: RYN), a leading timberland real estate investment trust (REIT), has announced that its board of directors has approved a new $300 million share repurchase authorization. This decision replaces the existing $100 million authorization, reflecting the company’s commitment…
The Federal Home Loan Bank of Dallas (FHLB Dallas) and Stellar Bank have announced the awarding of $85,000 in grants to three nonprofit organizations in Houston. These grants, provided through the Partnership Grant Program (PGP), are intended to empower local…
Inovalis Real Estate Investment Trust (REIT) (TSX: INO.UN) has announced the signing of an exchange contract to sell the Sablière property to a third party for €18.2 million ($26.4 million). This strategic move reflects the REIT’s ongoing efforts to optimize…
MAG Group Holding, a leading multinational conglomerate operating across diverse industries, has announced that its real estate portfolio, including ongoing and under-development projects, has reached an impressive value of $11.9 billion. This milestone reflects the group’s robust presence in the…
The American Society of Interior Designers (ASID) has launched a new design brief highlighting the effects of extreme heat on both the built environment and its inhabitants. This resource aims to equip interior designers with essential knowledge to address the…