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Redfin reported the highest share of homeowners cutting their asking price this time of year. The brokerage reported that over one in five (21.1%) U.S. home sellers with active listings cut their asking price during the four weeks ending Sept. 20. Redfin said that’s the highest share for this time of year in its records,…
Japan Post Holdings, AFLAC 10% owner, sells $1.73m in common stock
CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa, and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year bridge loan with floating-rate, non-recourse financing from an institutional lender on behalf of…
High Street Residential and joint venture partner Barings broke ground on a two-building development that will bring 501 new apartments to downtown Redwood City’s Elco Yards mixed-use district. The building at 1555 El Camino Real will have a total of 252 units averaging 751 SF, according to a release. The second building at 113 Beech…
U.S. home sales fell to the lowest level in nearly two years, down 4.1% from a month earlier in July, according to a new report from online brokerage Redfin. According to the report, pending home sales, a real-time indicator of homebuying demand, fell 2.5% to their lowest level since December. Redfin noted hat homebuying demand…
When one spouse faces a substantial tax bill on the rental business while the other has spare lower-rate tax capacity, reviewing how the business is owned and its profits are shared can make a meaningful difference. A properly established partnership could allow profits to be shared 99:1. In the example below, that leaves the household…