Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to CoreLogic
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
Without revealing his identity, the 'ring leader' of a fraud operation that tried to auction off Graceland presented himself in emails to The NYT, saying his network preys on gullible Americans
Homeowners can't sell a primary residence through Xome's seller portal without a listing agent, but they're welcome to hire an agent on their own or ask Xome to match them with one
The mansion where Elvis lived will remain in the family's hands following a lawsuit filed by the actor Riley Keough, Elvis' granddaughter, which alleged the company trying to sell it committed fraud
Data provider Attom tracks the 50 US communities most at risk of further housing decline. Half of them are located in 1 of 3 places
Trainer and author Bernice Ross talks to market expert Rick Sharga about red flags and opportunities to be found in the upcoming spring real estate market
California's attorney general alleged that Shangri-La Industries illegally put developments in the state's Project Homekey housing program under threat by borrowing against them
Opinion
From small-town listings to picture-perfect homes, these holiday movies follow characters whose real estate decisions lead them home for the season
What do licenses and ghost stories have in common? Every real estate agent has one. OK, maybe not all agents, but these believers do. Here are real-life ghost stories from agents in the field
Early-stage delinquencies have increased for 3 months in a row, suggesting that delinquency rates may be nearing a bottom, according to Black Knight's first look at August mortgage data
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock's battle for their 377 Broadway office is officially over as a new owner snapped it up, according to a report
Co-founder of Countrywide Financial cast himself as the leader of revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse