An FTC campaign to rein in tech giants suffers another setback, but will likely persist.
Hundreds of thousands of affordable rentals could convert to market-rate housing in the next five years because of expiring tax credits, according to a new study.
Around 180,000 units built with the federal government’s Low-Income Housing Tax Credit will be eligible to become market-rate housing by 2027, The Wall Street Journal reported, citing Moody’s Analytics data.
Without new agreements or new subsidies, the owners of 100,000 units annually, starting this year, could remove the income restrictions and dramatically raise rents.
“When these properties are exiting the program, there’s no legal avenue to force them to stay in it,” Kevin Rabin, director of litigation at Three Rivers…
“Sound of Freedom,” a film championed by the right, was behind only “Insidious: The Red Door” and “Indiana Jones and the Dial of Destiny” at the box office last weekend.
Proptech company Latch is laying off 59% of its U.S. and Taiwan-based workforce by November, or about 82 positions, according to a filing with the Securities and Exchange Commission, and putting new executives in place, including a new chief technology officer, chief financial officer, vice president of operations and other positions.
Jamie Siminoff, who founded Ring, a home security company that Amazon bought in 2018, is slated to become Latch’s CEO later this year.
The layoff announcement isn’t the first for the company, which announced cuts in May of about 130 positions over two weeks. Latch received a delisting notification from the Nasdaq…
The bank double-charged overdraft fees, withheld card perks and opened unauthorized accounts, regulators said. It will repay customers more than $80 million.
Mark Zuckerberg has used Meta’s might to push Threads to a fast start — but that may only work up to a point.
The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August.
Microsoft could now complete its purchase of the video game giant as soon as this month, but it is still blocked from closing in Britain.
Lincoln Property Co. has added more than 50M SF of office, retail and industrial space to its property management portfolio through the acquisition of Irvine, California-based RiverRock Real Estate Group.
Fans trying to purchase tickets to six of the pop superstar’s concerts faced long queues and technical issues before the company said that a new on-sale time would be announced.