Real Estate - Spark Newswire

2 minute read

Blackstone Acquires WPT Industrial Real Estate Investment Trust For $3.1B

Today, 8:56 PM

Blackstone Real Estate Income Trust, Inc., an externally managed by a subsidiary of Blackstone (NYSE: BX), has announced its acquisition of WPT Industrial Real Estate Investment Trust (OTC: WPTIF) in a $3.1 b

2 minute read

Real Estate

Florida’s Largest Multifamily Transaction Of 2021 Closes This Week

By Kevin Vandenboss

Today, 8:56 PM

Florida’s largest multifamily deal closed this week with the acquisition of The Residences at Uptown Boca by the Atlanta-based multifamily real estate investment, development and management company Cortland.

CWK

1 minute read

LGI Homes Records 52% Growth In July Home Closings

By Shivani Kumaresan

Today, 8:56 PM

LGI Homes Inc (NASDAQ:LGIH) reported 930 home closings in July 2021, a 52.2% increase year-on-year. The builder has closed 6,347 homes…

LGIH

2 minute read

VICI Properties Acquires MGM Growth Properties For $17.2B

By Phil Hall

Today, 8:56 PM

MGM Resorts International (NYSE: MGM) announced Wednesday an agreement with the real estate investment trust VICI Properties Inc. (NYSE: VICI) and MGM Growth Properties LLC (NYSE:

MGM

2 minute read

CDC Defies Supreme Court And Renews Eviction Moratorium Through Oct. 3

By Phil Hall

Today, 8:56 PM

The Centers for Disease Control and Prevention (CDC) has renewed the expired moratorium on evictions of rental housing tenants, ignoring a U.S. Supreme Court ruling that said the moratorium needed to conclude on July 31.

SPY

2 minute read

John Kenneth Dunn, Co-Founder Of $1.6B Real Estate Investment Firm, Dies In Plane Crash

By Phil Hall

Today, 8:56 PM

John Kenneth Dunn, co-founder of the $1.6-billion real estate investment firm Rainier Companies, was killed in an airplane crash on July 26.

SPY

3 minute read

3 Best REITs To Consider To Invest In Apartments

By Alexander Mansour

Today, 8:56 PM

Apartments remain one of real estate's most attractive sectors. Three attractive prospects that benefit from continued solid performance in the apartment industry include Mid-America Apartments, the BSR REIT and UDR.

BSRTF

2 minute read

New Home Sales Plummet To 14-Month Low

By Phil Hall

Today, 8:56 PM

New home sales fell for the third consecutive month in June to their lowest level since April 2020, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development.

SPY

4 minute read

Housing Economist Sanders: Home Price Growth Rate ‘Is Not Sustainable’

By Phil Hall

Today, 8:56 PM

The U.S. housing market appears to be in a nonstop state of upward ascension. The most recent data from the U.S.

2 minute read

Lodging Demand Will Reach Pre-Pandemic Levels By Q4 2023: CBRE Report

By Phil Hall

Today, 8:56 PM

U.S. lodging demand will not return to pre-pandemic levels until the fourth quarter of 2023, according to a new data forecast by CBRE Hotels Research, a division of CBRE Group, Inc. (NYSE: CBRE).

CBRE