CoStar News

When Pastor Stephen Shumate and his wife began house hunting, they initially found that a single-family home was beyond their budget. However, they found that purchasing the house and assuming the seller's mortgage at an annual rate of 2.75% provided them with a more viable option.

Hillwood Chairman Ross Perot Jr recently welcomed his newest tenant to AllianceTexas, a massive #industrial development in Dallas-Fort Worth, filling over 811,000 square feet of vacant space and betting on landing even more deals like it. "We win on quality, and we win, if you move into a Hillwood building in the Alliance area, we are on your team," said Perot Jr. Gain more insights from the billionaire below.

#Miami's Dade County Courthouse, an aging neoclassical tower with nearly a century of legal proceedings and courtroom dramas, including the three-day trial of notorious mobster Al Capone, is now officially for sale for $52.3 million.

Stay updated on the latest hirings and promotions in the #CRE industry, ▪️ CBRE has recruited Washington, D.C., broker Greg Culver as a senior vice president in the firm's advisory and transaction services group. ▪️ #Industrial developer Ferdinand Seefried, whose firm has worked on about 50 logistics centers for Amazon, has retired from Seefried Industrial Properties, Inc., the company he founded 40 years ago. ▪️ Bell Partners Inc, a national apartment investment and management company, has hired Kate Byford as chief administrative officer and Lisa Tully-Lavian as senior vice president of customer experience.

Macy's ended seven months of buyout talks with activist investors Arkhouse Management and Brigade Capital Management, LP, saying those dissident shareholders didn't have financing securely lined up and the deal wouldn't bring any "compelling value" to the department store chain.

Wells Fargo reported nonperforming assets in the second quarter were up $410 million, or 5%, from the first quarter, driven by higher business property nonaccrual loans, predominantly in its #office portfolio.

RIPCO ,the retail real estate services firm that recently bought a brokerage in Miami, sees ample opportunity to grow even further in the Sunshine State, according to CEO Peter Ripka. Watch the full interview below.

Elon Musk’s Neuralink brain implant company is planning to build a three-story building with #office and manufacturing space in Austin, Texas, an area that's drawing more #tech companies and large-scale economic development.

Greystar Real Estate Partners is ramping up its apartment plans for a site in California's #SiliconValley, a higher-end housing hub where major technology players like Meta and Apple continue to drive demand for new supply.

Boston Properties (BXP) has submitted a proposal to redevelop about a dozen acres for the second phase of its Reston Town Center campus in Reston, Virginia, increasing the initial #office component from about 645,000 square feet to roughly 930,000 square feet.