Latest Real estate services News

NC Bank of America tower to be sold in record-breaking deal

Aug. 23, 2019 1:23 PM EDT

CHARLOTTE, N.C. (AP) — A North Carolina developer says it's agreed to purchase Bank of America's new tower in Charlotte in what would be the most expensive office building sale in the state's history. The Charlotte Observer reports Raleigh-based Highwoods Properties is expected to close the $436 million...

Maine home sales, prices remained steady in July

Aug. 21, 2019 1:56 PM EDT

AUGUSTA, Maine (AP) — Home sales in Maine were about the same in July as they were during the previous month a year ago, while prices ticked up slightly. The news was enough for the Maine Association of Realtors to describe single-family home sales in the state as "stable and positive" on Wednesday. The...

US home sales rose 2.5% in July, aided by low mortgage rates

Aug. 21, 2019 10:56 AM EDT

WASHINGTON (AP) — U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a seasonally adjusted annualized rate of 5.42 million units, up from 5.29 million in June. Average...

Real estate broker pleads to buying property set for sale

Aug. 14, 2019 5:18 PM EDT

NORFOLK, Va. (AP) — A Virginia real estate broker has pleaded guilty to secretly buying government-owned properties he had been hired to sell. The Virginian-Pilot of Norfolk reports federal prosecutors say 55-year-old Robert Resh pleaded guilty on Wednesday to conspiracy to commit mail and wire fraud....

2nd biggest business park in N. Nevada planned in Fernley

Aug. 12, 2019 3:28 PM EDT

RENO, Nev. (AP) — Long-time developers of the Tahoe Reno Industrial Center east of Sparks are buying nearly 9 square miles (23 sq. kilometers) of property in Fernley for what would be the second biggest business park in northern Nevada. Lance Gilman and Don Roger Norman told the Reno Gazette Journal they...

Barneys seeks bankruptcy protection, closes most stores

Aug. 6, 2019 4:36 PM EDT

NEW YORK (AP) — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online. The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but it has secured $75 million in financing to pay...

Pelosi defends Baltimore hometown, says Kushner a 'slumlord'

Aug. 1, 2019 6:02 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi suggested Thursday if President Donald Trump wants to belittle her Baltimore hometown as rat-infested, then he should consult with his son-in-law, Jared Kushner, whom she calls a "slumlord." Pelosi's remarks upon returning to the Capitol were her first public...

Once a retail shrine , flagship stores lose their shine

Aug. 1, 2019 5:43 PM EDT

NEW YORK (AP) — It used to be considered the retailer's crown jewel — a large format store on a swank corridor that showed off the best of what a brand had to offer. But now the so-called flagship store is disappearing from high-profile shopping thoroughfares like Manhattan's Madison Avenue and...

Trump 'rodent' tweets ring true at Kushner-owned apartments

Jul. 31, 2019 9:21 AM EDT

BALTIMORE (AP) — Davon Jones doesn't have to look far to see the irony in President Donald Trump's tweets that Baltimore is a "rat and rodent infested mess." His apartment owned by the president's son-in-law has been invaded by mice since he moved in a year ago. "I don't know how they come in," Jones...

More Americans sign contracts to buy homes in June

Jul. 30, 2019 10:14 AM EDT

WASHINGTON (AP) — More Americans signed contracts to purchase homes in June, marking the second straight month of growth. The National Association of Realtors said Tuesday that its pending home sales index rose 2.8% to 108.3 in June, up from 105.4 in May. Pending home sales are up 1.6% from their pace a...