Donald R. Horton, the founder of America’s largest homebuilding firm, died suddenly this week at the age of 74.
Mortgage rates have jumped more than 7%, preventing thousands of homes from hitting the Seattle area housing market, new research found.
The sale will likely be the Seattle area’s biggest retail transaction of the year, but it comes amid a period of uncertainty for the city’s downtown retail sector.
A TikTok movement is calling for followers to block famous people over their stances on the Israel-Hamas war. It began at the Met Gala.
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.
The election, fiercely opposed by the state’s political leaders, was seen as a test of the United Automobile Workers’ ability to unionize factories in the South.
Workers at a Mercedes-Benz plant in Alabama voted against joining the United Auto Workers, blunting the union’s momentum in its organizing drives at many foreign-owned factories.
An extreme, fast-moving storm brought tornadoes and hurricane-force winds through Houston with little warning Thursday, causing widespread damage, particularly to downtown commercial properties.
The borrower behind one of the largest distressed office loans in the country has worked out an extension with its lenders more than a year after its default sent shockwaves across the commercial real estate industry.
Columbia Property Trust, the former office REIT now owned by Pimco, secured an extension on a $1.7B loan tied to seven office buildings in four cities, pushing the maturity to July 2025 with a six-month extension, according to Morningstar.
The 5.5M SF portfolio was appraised at $2.3B when the loan was issued in December 2021, but with the extension, that value was cut to $1.6B in an appraisal conducted…
The government of Serbia has approved a half-billion-dollar development plan on the site of the country’s former defense ministry led by Jared Kushner’s Affinity Partners, The New York Times reports.
Affinity and Kushner’s longtime development partner in Brooklyn, Asher Abehsera, are planning a $500M luxury hotel development after landing the 99-year lease for the site at the heart of Belgrade, the nation’s capital. It was previously home to two buildings used by the Yugoslav Ministry of Defense, then bombed by NATO forces in 1999, after which it has sat fallow.
Affinity plans to build a hotel, luxury apartments, office and retail space, but the plans have drawn contention…