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The proposed strategy requires shareholder approval before SEREIT can proceed with the planned managed wind-down of its portfolio. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post…
Leek Building Society had updated its mortgage criteria to support a wider range of borrowers. The eight changes have been influenced by the mutual’s broker partners and apply to residential and specialist mortgage cases. Leek Building Society has revised its income criteria to now consider child benefit, Pension Credit, Carer’s Allowance and Disability Living Allowance…
The RBA monetary policy board lifted the cash rate by 25 basis points to 4.10% on 17 March, and CommBank has since vowed to pass the increase onto mortgage borrowers. The move is aligned with CommBank’s recent pattern, with the bank typically implementing cash rate changes 10 days after they are announced. A 25 basis…
The move arrives six weeks after the Supreme Court’s 5-4 ruling that blocked Cook’s immediate dismissal. Chief Justice John Roberts noted in a footnote that nothing in the opinion prevented Trump from “trying again,” provided Cook receives proper notice and a meaningful opportunity to contest the allegations. The Federal Reserve declined to comment on the…
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After months of trying, Dream Finders Homes finally acquired Beazer Homes, creating a larger pool for its mortgage business. Processing Content Dream Finders entered a definitive agreement to buy Beazer in an all-cash transaction for about $2.2 billion, the companies announced in a press release Friday. Beazer shareholders will receive $33.50 in cash for each…
Apparent deescalation in the Gulf and lower expectations for the Fed to hike twice have been negative for the US dollar. The dollar declined in recent days against most major currencies apart from the yen as traders reduced expectations of two hikes by the Federal Reserve (the Fed) before the end of the year. Now…
A spectacular waterfront estate on Cape Cod has hit the market for $12.9 million, a price that could rewrite the record books in one of Massachusetts‘ most sought-after seaside communities. Perched on the shores of Cape Cod Bay in the town of Sandwich, the sprawling property is a “once-in-a-generation” estate—and if it sells anywhere near…
More and more cities are reconsidering the use of of automated license plate readers amid rising backlash over privacy concerns. ALPR companies such as Flock Safety have received major backlash from the public—with approximately 23 city councils across the United States canceling, rejecting, or deactivating Flock’s ALPRs within their jurisdiction, the Washington Examiner reported. ALPRs…
Detailed design plans for Denver Summit FC’s new women’s soccer stadium were submitted to the city this week. The Urban Design plan, submitted by architect Populous, shows where the stadium’s concessions, seating options, locker rooms, bathrooms and press boxes will be located. There are also plans for a field club. Photo credit: City of Denver…