National - The Real Deal

Engel & Völkers stages revenue stream with pre-listing renovations

TRD Staff — Thu, 22 May 2025 20:15:00 +0000

A luxury brokerage is staging a revenue stream with pre-listing makeovers. Engel & Völkers Atlanta is partnering with Maryland-based contractor Curbio to offer home improvement services to clients ahead of listing, the Atlanta Business Chronicle reported. The brokerage is the latest to join “Powered by Curbio” and is launching a new service tier for the […]

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Slim supply of new condos has first-time buyers ‘driving to qualify’ in Denver exurbs

TRD Staff — Thu, 22 May 2025 17:53:28 +0000

A lack of new condos in Denver is forcing first-time buyers to “drive to qualify” in the exurbs. Younger buyers are struggling to overcome the exorbitant maintenance costs and association fees linked to decades-old condos in greater Denver, The Denver Post reported. The high barrier to entry is forcing them to look outside the city […]

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“Time would seem to be right”: Trump pitches Fannie, Freddie privatization

TRD Staff — Thu, 22 May 2025 16:30:07 +0000

With headlines swirling about foreign planes and a “big, beautiful bill,” Donald Trump took time on Wednesday to turn attention towards a regular discussion in real estate circles: Fannie Mae and Freddie Mac’s future. Trump said he was giving “very serious consideration” to the idea of privatizing the government-controlled enterprises, the Wall Street Journal reported. […]

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Another tenant ditches downtown for New City’s Neuhoff District

TRD Staff — Wed, 21 May 2025 23:00:00 +0000

Downtown’s office slump is Germantown’s opportunity. Fifth Third Bank is exiting its namesake downtown tower after nearly two decades, relocating its Nashville headquarters to Germantown’s Neuhoff District, the Nashville Business Journal reported. It’s the latest example of a marquee tenant leaving the central business district. The move comes as Atlanta-based New City Properties fills out […]

This article originally appeared on The Real Deal. Click here to read the full story.

Trophy office building in DC headed to foreclosure auction

TRD Staff — Wed, 21 May 2025 19:39:34 +0000

Another day, another foreclosure auction scheduled for a Washington, D.C., office building. The 405,000-square-foot trophy office property at 1625 Eye Street NW is set to be auctioned in a public sale on June 16, Bisnow reported. A notice regarding the sale was filed in the D.C. Recorder of Deeds. The auction was scheduled quickly after […]

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Charlie Kushner shipping off to France

TRD Staff — Wed, 21 May 2025 18:58:50 +0000

Another real estate developer is about to assume an ambassadorship. Charles Kushner probably shouldn’t expect to hear lots of bonjours when he arrives in France, though. The Senate confirmed the real estate developer to serve as the French ambassador, the Associated Press reported. The Kushner Companies founder was confirmed by a 51-45 vote that saw […]

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Ryman acquires Phoenix’s largest resort for $865M

TRD Staff — Wed, 21 May 2025 18:15:00 +0000

Ryman Hospitality Properties is acquiring Phoenix’s largest resort for $865 million. The Nashville-based hospitality real estate investment trust has entered into an agreement to buy the JW Marriott Phoenix Desert Ridge Resort, the Phoenix Business Journal reported. Ryman is purchasing the north Phoenix property from a joint venture between New York-based Elliott Investment Management and […]

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Dolton threatens eminent domain for Pope Leo XIV’s childhood home

TRD Staff — Wed, 21 May 2025 18:00:00 +0000

Pope Leo XIV’s modest childhood home in Dolton has become the center of a growing legal and political showdown. Dolton officials plan to purchase the new pope’s former home through eminent domain, Crain’s reported, short-circuiting an upcoming auction and asserting public control over the property. The three-bedroom house at 212 East 141st Place was listed […]

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Mortgage applications plummet as rates hit 3-month high

Holden Walter-Warner — Wed, 21 May 2025 14:45:58 +0000

As mortgage rates creep back towards 7 percent, buyers are retreating from the loan market. Purchase applications dropped 5 percent on a seasonally adjusted basis from the previous period in the week ending May 16, according to the Mortgage Bankers Association weekly survey. Purchase applications were, however, 13 percent higher than the mark from the […]

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YouTuber Ben Mallah kicks off resi shift with retail sale

TRD Staff — Tue, 20 May 2025 23:30:00 +0000

Real estate investor and YouTube personality Ben Mallah, who’s “playing Monopoly for real” according to his bio, made his latest move off the board, a $10.65 million retail sale in Largo. Mallah offloaded another retail asset in Tampa Bay, selling the Shops at Midway in Largo for about $142 per square foot, the Tampa Bay […]

This article originally appeared on The Real Deal. Click here to read the full story.