Latest Real estate News
For some, the pope's big Holy Year only aggravates housing crisis as overtourism pushes out Romans
When Pope Francis left the Vatican earlier this month for his traditional Christmastime outing downtown, he acknowledged what many Romans have been complaining about for months: That his big plans for a Holy Year had turned their city into a giant construction pit, with traffic-clogging roadworks...
Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street
MILAN (AP) — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan’s swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season. There’s even more to celebrate this...
Activist investors urge Macy's to create a real estate unit among other changes to boost stock
NEW YORK (AP) — Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its...
Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing
KABUL, Afghanistan (AP) — In a town that has been through it all and is clawing its way back, a man named Omidullah is looking to hit paydirt. The Kabul real estate agent is selling a nine-bedroom, nine-bath, white-and-gold villa in the Afghan capital. On the roof's gable,...
Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona
BARCELONA, Spain (AP) — Tens of thousands of Spaniards marched in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in...
Apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades
Renters in affordable housing felt forgotten and left out of the nation's transition to clean energy. They lived in older buildings that had been repaired over the years but had leaky windows and old appliances that consumed a lot of energy. They didn't have solar power. That was...
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
NEW YORK (AP) — Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city's real estate lobby. Under a system that exists in New York...
Ares Commercial Real Estate: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Thursday reported a third-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the New York-based company said it had a loss of 11 cents....
Newmark Group: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Tuesday reported earnings of $17.8 million in its third quarter. On a per-share basis, the New York-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring costs, came to 33 cents per share. ...
NexPoint: Q3 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported profit of $23.3 million in its third quarter. The Dallas-based company said it had profit of 74 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to...
