loader

Marcus & Millichap laying off 20% of workforce

Marcus & Millichap CEO Hessam Nadji and their Calabasas office.
Marcus & Millichap CEO Hessam Nadji and their Calabasas office. Marcus & Millichap plans to lay off 20 percent of its workforce as the publicly traded commercial real estate brokerage goes through a restructuring. The company, which is headquartered in Calabasas and has a market cap of $1.12 billion, revealed its pandemic [...]

REIT stocks rise as NYSE trading floor reopens

The FTSE Nareit All REITs index rose by 3.68 percent on Tuesday, outpacing the broader markets as the New York Stock Exchange reopened its trading floor following a two-month closure. (Getty; iStock)
The FTSE Nareit All REITs index rose by 3.68 percent on Tuesday, outpacing the broader markets as the New York Stock Exchange reopened its trading floor following a two-month closure. (Getty; iStock) The reopening of the New York Stock Exchange trading floor Tuesday accompanied a burst of optimism in the stock [...]

Virgin Trains seeks $350M to build five stations in Miami-Dade

Richard Branson (Credit: Virgin, Cindy Ord/Getty Images)
Richard Branson (Credit: Virgin, Cindy Ord/Getty Images) Virgin Trains is proposing a major expansion of the commuter rail service, funded mostly by Miami-Dade County. Virgin Trains USA is seeking $350 million from the county to build up to five train platforms between downtown Miami and Aventura, as well as related infrastructure that [...]

@properties acquires stake in another Southern resi brokerage

@properties’ Thad Wong, Mike Golden and Nest Realty’s Jonathan Kauffmann (@properties, Nest Realty; Seymour Johnson)
@properties’ Thad Wong, Mike Golden and Nest Realty’s Jonathan Kauffmann (@properties, Nest Realty; Seymour Johnson) Chicago-based indie brokerage @properties has acquired a significant stake in Virginia-based firm Nest Realty, giving it a foothold in five additional states in the South amid an expansion push. Terms of the deal were not disclosed, but [...]

Toll Brothers' record shows the housing boom has no end in sight

Read full story for latest details. [...]

Should I get a fixed- or adjustable-rate mortgage?

Read full story for latest details. [...]

Zillow buys a mortgage lender and the stock tanks

Read full story for latest details. [...]

Looking for a home in Berlin or Budapest? Prepare to pay more

Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank. [...]