Barclays to Pay $2 Billion in Mortgage Backed Securities Settlement
Following a three-year investigation into allegations that it caused billions of dollars of losses to investors by “engaging in a fraudulent scheme” to sell residential […]
30-Year Mortgage Rates Rise to 4.45%
Freddie Mac has released its Primary Mortgage Market Survey for the week of March 22, 2018. The U.S. weekly average 30-year fixed mortgage rate rose 1 basis […]
Data Center Investments Nearly Tripled to $20 Billion in 2017
Driven by the rapid growth of cloud computing, investments in the data center industry surged from $7.7 billion in 2016 to $20 billion in 2017, […]
A Checklist for Buying a Multifamily Investment Property
After nearly 10-years of economic growth since the last recession, the U.S. economy seems to be firing on all cylinders. Economic growth is up, the […]
China’s Sovereign Wealth Fund Sells its Stake in the Blackstone Group
In a possible sign of deteriorating U.S. – China trade relations, China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in […]
Six Hundred Bitcoin Servers Stolen from Data Centers Across Iceland
Underscoring the growing importance of data center security, several hundred Bitcoin mining servers were stolen from a number of data centers in Iceland. According to […]
NAR: Proposed Steel & Lumber Tariffs to Make New Homes Even More Expensive
As if high home prices, rising interest rates, lower property tax deductions and a shortage of homes listed for sale are not enough, proposed tariffs […]
WeWork Entices Brokers from CBRE, JLL and Cushman with Bigger Commissions
WeWork, a $20 billion co-working startup, signed agreements with CBRE, Cushman & Wakefield and JLL in North America, giving their brokers a 20 percent fee […]
CBRE Sues an Ex-Vice Chairman for Stealing Secret Company Information
CBRE Group, the world’s largest commercial real estate services provider, accused a former vice chairman of its retail group of stealing almost half a million […]
Cushman: Retail Carnage to Get Worse with 12,000 Store Closures in 2018
Cushman & Wakefield predicts 12,000 stores will close in 2018, up from 9,000 last year, Business Insider reported. Another 25 major retailers could file for bankruptcy this […]