Latest Real estate News
KKR Real Estate: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Monday reported earnings of $25.8 million in its second quarter. On a per-share basis, the New York-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring costs and stock...
China Communist Party policy meeting endorses leader Xi's high-tech vision for economy
BEIJING (AP) — China’s ruling Communist Party wrapped up a top-level meeting on Thursday by endorsing policies aimed at advancing the country’s technological power and fortifying its national security. A statement released when the four-day meeting ended provided only a...
China's Communist Party will signal its approach to the country's challenges at a meeting this week
BEIJING (AP) — China's ruling Communist Party started a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting...
An Oahu teacher’s futile apartment hunt shows how bad the rental market is
Helen Lau’s life was recently upended by a note on her door. “I regret to inform you that I will not be extending your rental agreement,” wrote Suzi Rim, the owner of the condo that Lau’s been living in since October 2020. Lau had 45 days to move out, the note said. ...
The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
LOS ANGELES (AP) — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. Home shoppers came into 2024 with optimism that mortgage rates would ease further after a decline late...
Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion
NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake. The new entity will be called Saks...
China keeps lending rate unchanged as data show housing market is still struggling
BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...
NYC considers ending broker fees for tenants, angering real estate industry
NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate broker, even if that person was hired by the landlord. The hefty...
WeWork has emerged from bankruptcy. What's next for the co-working office space provider?
NEW YORK (AP) — WeWork has officially emerged from bankruptcy. And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success. Once a Wall Street darling promising to revolutionize the world of work, WeWork took a stunning...
Maui Council budgets $300,000 to study impacts of eliminating 7,000 vacation rentals
LAHAINA, Hawaii (AP) — Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and runs the...
