NRMLA asks DC Council to expand reverse mortgage fee exemption
Kent Long wanted passive income. The problem? All those gurus and guides online were only selling a fantasy. The one thing that seemed to actually generate income: real estate. When a property that could easily be split into two units came on the market, Kent jumped at the chance. Little did he know this $14,000…
Lennar Corp. highlighted yet another challenge for homebuilders that have been contending with sluggish demand and high mortgage rates: price competition from a growing supply of existing homes. Processing Content It’s especially notable in Florida and Texas, two of Lennar’s largest markets, Chief Executive Officer Stuart Miller said on a call with analysts Thursday. “When…
RIA sellers were looking at a longshot if they were hoping to fetch 20 times their EBITDA. Six months from now, landing the highest price is likely to be even harder, according to new data. Processing Content Consulting and valuation firm DeVoe & Co.’s second-quarter “RIA M&A Deal Book,” released this week, found that zero…
Terreno Realty has sold a 113,000-square-foot industrial property west of Miami International Airport for $21.3 million, according to a deed made public this week. An affiliate of Dallas-based Dalfen Industrial, owner of a number of warehouses in South Florida, acquired the 3.4-acre industrial property at 7600 Northwest 26th Street, records show. The previous sale price…
Sony Music and Warner Chappell want Anthropic to pay up. The publishing companies filed a lawsuit against Anthropic in a Northern California district court on Friday. Anthropic cofounders Dario Amodei and Benjamin Mann were also named in the filing. “Defendants Anthropic and its founders Dario Amodei and Benjamin Mann have conducted a brazen campaign of…
A historic brick brownstone in Jersey City has recently undergone a multi-year transformation and now offers four stories of beautifully renovated space. Originally built circa the 1890s, the 10-room residence, which underwent a restoration by interior designer Hope Misterek, is still full of charm and character while also providing some surprising design details. “Many brownstone-style…