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
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
Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely
After years of trying to sell the mansion along the Potomac, former Washington Commanders owner Dan Snyder donated the estate to the ACS. Now the charity is attempting its own sale
Buyers need to earn an income of more than $150K to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. In San Jose, buyers must earn at least $361K
CoStar Group is trading its Washington, DC, digs for a new HQ in Arlington, Virginia. The company will move to the new building in 2025, creating 150 jobs in the process
The 17.5-acre equestrian estate was listed for $17.995M in May. The sales price also represents a new record for the town of Great Falls. Daniel Heider of TTR Sotheby's represented the sale
In some markets, prime real estate close to one of the nation's leading destinations can be had for as little as $110K. Elsewhere, it might cost a homebuyer several millions of dollars
The organization's membership was down 0.66% in April compared to a year earlier. NAR thinks the numbers may fall even further
The new office, led by License Partners Rick Foster, Tom Spier, Phil Di Ruggiero and Travis Gray, will service neighborhoods in DC as well as select counties across Virginia and Maryland
Sales of homes valued at $10M or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels
Brokers and co-Presidents Ruth Boyer O'Dea and Evan Lacopo will lead the 3 new locations in Washington, D.C.; Arlington, Virginia; and Bethesda, Maryland
The online database is free for homeowners located in the Washington, D.C., metro area, and homeowners can opt to provide as much or as little personal information to Go Brent as they like
The fast-growing brokerage will pick up CommonGround Abstract, which serves Pennsylvania and New Jersey. The deal highlights Compass' aggressive acquisition strategy
As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight