Chicago’s skyline in 2024. The city released its midyear 2026 budget numbers and held a hearing.Bloomberg News The battle over the implementation of Chicago’s 2026 budget became public on Thursday, when Mayor Brandon Johnson’s administration held its fiscal year 2026 midyear budget hearing, which showed a deficit. Processing Content Following the hearing, the Budget Accountability […]
The number of default notices, scheduled auctions or bank repossessions in the first six months of 2026 was up 21% from the same time period a year ago and up 28% from the same time period two years ago, according to a new report from real estate data provider ATTOM. Its Mid-Year 2026 U.S. Foreclosure […]
Mike Pearson (pictured top), SVP of business development at AD Mortgage, said the growth reflects a combination of borrower demographics, insurance conditions, and property economics that have made California unusually well-suited for alternative lending. “California was already a great non-QM market,” Pearson told Mortgage Professional America. “But then you throw in these additional factors, and […]
Buyers who skip comparison shopping often end up considerably overpaying for their mortgage.
With well over 170 ETFs on the market covering diverse investment strategies, State Street offers a prime window into which funds — and market trends — are leading the pack in the near term. Key Takeaways: Across State Street’s 170+ ETFs, the top five performers this past month are all tied to the healthcare industry. […]
It may be a bit early for back-to-school, but real estate dealmaking doesn’t take a summer break. Sam Charney sold his student-housing project at 99 Claremont Avenue in Morningside Heights to Columbia University for $122 million, The Real Deal has learned. Charney Companies bought the Gothic-style building that once served as a dorm for the […]
Amazon wants to plant a 4.2 million-square-foot warehouse development in the middle of Long Island. The Seattle-based e-commerce giant has filed plans to build two warehouses on 140 acres of woodland near Sunrise Highway and Beacon Drive in the hamlet of Holbrook, east of Long Island MacArthur Airport, Newsday reported. The $1 billion fulfillment warehouse […]
It’s a done deal for the Gotham Organization — with a final approval of its controversial Monitor Point in Brooklyn won after the inclusion of more than 600 affordable homes. The City Council gave its final go-ahead Thursday for the locally based developer to construct two towers with 1,324 apartments at 40-56 Quay Street, in […]
A specialist mortgage lender has completed a buy-to-let transaction for a Glasgow flat situated above commercial premises, after the application was initially declined under standard lending criteria. The one-bedroom property, valued at £110,000, is located above a pub in Glasgow and generates monthly rental income of £725, representing a yield of 7.9%. The property’s position […]
Gary Barnett secured refinancing for the first phase of his Hudson Piers project that he’s betting will help turn Yonkers into New York City’s next residential frontier. NewBridge Lending and Meridian Capital provided Extell Development with $185 million to refinance the first phase of the 1,400-unit luxury development, replacing a commercial loan from Wells Fargo […]