Top news for real estate pros
Real estate industry hopes lower borrowing costs will bring better?times
The half-point interest rate cut by the Fed could give investors a much-needed nudge to bank on real estate, said Evan Stone , founder and managing partner of boutique investment advisory firm Goodwin Advisors .
Homeowners could save hundreds of dollars a month with expected Fed interest rate?cut
Mortgage rates eased in recent weeks prior to the Fed's September meeting, bringing some relief to borrowers who’ve seen their monthly payments drop, with the national median payment at $2,140 in July.
IBM bets the future of the workplace is up on the?roof
IBM 's new Manhattan office, featuring a 25,000-square-foot outdoor terrace stretching the entire block between Madison and Park avenues with more than 3,000 plants, is the latest example of employers trying to attract talent back to the office.
Ares Management raises $3.3 billion to invest in distressed real?estate
Ares Management Corporation has raised over $3.3 billion in the closing of its latest fund, enabling the global alternative investment manager to acquire real estate with distressed ownership positions and then enhance and reposition the assets.
Wildcatter turned real estate investor buys his energy company's Dallas?headquarters
Gulf Coast Western is buying a two-building office complex along the Dallas North Tollway for a discount, with plans to spend up to $10 million to renovate the property and fill it with tenants.