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The Challenge: Traditionally, conducting due diligence is a time-consuming and costly part of the site acquisition process, which can be daunting for investors and developers alike. The Solution: Parcyl combines real estate data from a variety of sources, including ATTOM, with AI and agentic technologies to create a first-of-its-kind platform that enables users to perform…
Brian Grindall, a veteran commercial real estate attorney who spent nearly 16 years at Tenenbaum & Saas in Washington, D.C., has joined law firm Goulston & Storrs, Commercial Observer has learned. Grindall has been added to Goulston & Storrs’ real estate group as a director in the firm’s Washington, D.C., office. In addition to his…
Photo credit: Bisnow/Bianca Barragán Oceanwide Plaza’s buyers want the city’s help in the form of tax incentives for the still-unfinished hotel. The buyers of the Oceanwide Plaza project near Downtown’s Crypto.com Arena are looking for a little help from the city to complete the trio of towers that began development under a now-bankrupt China-based developer. …
The Swedish company announced Monday (July 6) that it had applied to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Klarna Bank USA, its proposed Utah-chartered industrial bank. “Banking is built on trust,” Sebastian Siemiatkowski, co-founder and CEO of Klarna, said in a news release. “We’ve seen firsthand the appetite for…
Housing starts in the US surged in June after a sharp drop a month earlier, driven by a rebound in apartment construction. Processing Content New residential construction increased 19% last month to an annualized rate of 1.43 million, the highest since March, government data released Friday showed. That topped all estimates in a Bloomberg survey…
The median sales price for an existing US home reached approximately $441,000 in June, an all-time high, according to NAR. Mortgage rates hovered near 6.5% during the month and have since risen further. The 30-year fixed-rate mortgage hit its highest reading since August 2025, reaching 6.65% in the week ending July 10, according to the Mortgage…