Commercial market bottom nears as foreclosures surge

Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading

Bulletproof Ohio home goes under contract after multiple offers

The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading

Big brand marketing platform SOCi is the latest to join MoxiCloud

Real estate software company MoxiWorks has been building its 150-plus member MoxiCloud network for years to help users solve challenges its products may not address. The latest to be selected is SOCi, a powerful online marketing solution. Continue reading

Douglas Elliman, Side execs knew of Alexander bros, sources claim

New reports from “The New York Times” and “The Wall Street Journal” suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms. Continue reading

Homes are sitting on the market longer amid high costs: Redfin

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading

Cost of insurance, property tax top triggers of mortgage delinquencies

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading

Former Burger King CEO snags $17M Emory Roth penthouse

Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading

Aspen Valley Ranch, Colorado property sold in pieces for $47M

Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, “The Wall Street Journal” reported on Thursday. Continue reading

Nan & Co launches auction division with FasciaBlaster mansion

Houston-based Nan & Company Properties has launched an auction division, with the initial bidding centered on a Friendswood mansion, the company announced. Continue reading