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What Chris Lim wants to build at ARA
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Southern Land Co. Inks $165.9M Construction Loan for Upper Kirby Mixed-Use Project
Southern Land Co. has secured $165.9 million in financing for a mixed-use development underway in Houston’s Upper Kirby area. The Houston Business Journal reports that Bank OZK issued the loan to support the construction of the 2811 Kirby development. The project broke ground in April. The 2-acre, 953,000-square-foot development at 2811 Kirby Drive, near the intersection…
Resi Agents Rally Against NYC’s Pied-a-Terre Tax Rollout
Some of New York City’s top residential agents turned their clients’ anxieties into advocacy on Tuesday, gathering ahead of the City Council’s Tuesday hearing on the city’s pied-á-terre tax. On the steps of City Hall, Compass’ Jason Haber used bombast and puns to summarize their objections to the city’s abrupt rollout of the policy, which…
FHA and VA foreclosures could more than double by next fall, executive predicts
“In the initial stages, 60% of the borrowers were defaulting on their trials,” she said. “Across our network, which I think is a pretty good sampling, we saw about 60% of these people failing because these were the steady people that just kept re-hopping on. They would make one payment, sometimes none, and get another…
Stonebridge parent company acquired by BetterHome Group
Mortgage Support Services Ltd (MSS), the parent company of Stonebridge Mortgage Solutions, has been acquired by BetterHome Group. Despite coming under the same ownership, Stonebridge Mortgage Solutions and HLPartnership – after the latter’s acquisition in 2024 – will continue to operate independently, retaining their existing brands, propositions and cultures. BetterHome Group said it sees…
Oil Set for Weekly Gains as US Threatens Indefinite Blockade of Iran
Oil Prices Climb as US Threatens Indefinite Blockade of Iran and Disruptions Loom US-Iran Tensions Drive Oil Price Surge By Anushree Mukherjee Aug 14 (Reuters) – Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude…