realestate
Medical Properties Trust (NYSE: MPW) stock price has erased some of its year-to-date gains as concerns about its business continued. It has crashed by over 24% from its highest point this year, moving into a deep bear market. It was trading at $4.80, its lowest level since May 28th. Short-squeeze slowsMedical Properties Trust has been the most shorted Real Estate Trusts (REIT) this year, with over 36% of its outstanding shares being held by short sellers. The other most shorted companies in the industry are SL Green, Office Properties Trust, and Pebblebrook Hotel Trust. It is easy to explain w...
Invezz
A near 30% hit to shares of CoStar Group Inc (NASDAQ: CSGP) spells opportunity to buy a quality name at a discount, says Nicholas Jones – a JMP Securities analyst. CoStar stock could climb to $110 He reiterated his “outperform” rating on the real estate data and analytics firm on Wednesday. Jones announced a price target of $110 for CoStar stock in a research note today that signals potential for a whopping 50% gain from here. The analyst is super bullish on CSGP because he recently had a meeting with the company’s investor relations team that made him more confident in its future prospects. W...
Invezz
CBRE Group (NYSE: CBRE) just announced plans of buying Direct Line Global from Guardian Capital Partners. Its shares have been in a downtrend over the past three months and are down another 1.0% on Wednesday morning. What we know about CBRE-Direct Line transactionThe commercial real estate services and investment firm did not disclose terms of its agreement with Direct Line Global including what it has agreed to pay for the acquisition. Direct Line currently employs more than 1,000 technicians for data centre services. Bill Nelligan – its chief executive said in a press release today: The Comp...
Invezz
Badly needed housing construction in Germany is not gaining ground, as the number of building permits for new construction and apartment conversions fell in April to well below the level seen a year ago, data released on Tuesday showed. The Federal Statistical Office in Wiesbaden said new construction permits amounted to 14,300 in April - 17% less than a year earlier. Including apartment conversions, building permits amounted to 17,600 - also an annual drop of 17%. Housing has become a major political issue as residents in major German cities complain about the lack of affordable housing. Far-...
DPA
Badly needed housing construction in Germany is not gaining ground, as the number of building permits for new construction and apartment conversions fell in April to well below the level seen a year ago, data released on Tuesday showed. The Federal Statistical Office in Wiesbaden said new construction permits amounted to 14,300 in April - 17% less than a year earlier. Including apartment conversions, building permits amounted to 17,600 - also an annual drop of 17%. Housing has become a major political issue as residents in major German cities complain about the lack of affordable housing. Far-...
DPA International
Badly needed housing construction in Germany is not gaining ground, as the number of building permits for new construction and apartment conversions fell in April to well below the level seen a year ago, data released on Tuesday showed. The Federal Statistical Office in Wiesbaden said new construction permits amounted to 14,300 in April - 17% less than a year earlier. Including apartment conversions, building permits amounted to 17,600 - also an annual drop of 17%. Housing has become a major political issue as residents in major German cities complain about the lack of affordable housing. Far-...
DPA Breaking News
Jamey and Lauren Bertram have been inundated with prospective buyers after their $1.6 million Kansas City home was fraudulently listed for just $10,200 on the real estate website Zillow. This shocking scam left the couple struggling to fend off eager viewers while they worked to rectify the situation. The 5,300-square-foot, five-bedroom home, which the Bertrams purchased for around $1 million in 2019, was never intended to be listed for sale. However, a con artist managed to post a fake advertisement on Zillow, creating a chaotic situation for the unsuspecting homeowners. The listing suggested...
IBTimes
Olivia Newton-John‘s husband has listed the stunning ranch where she spent her final days for sale, and pictures show a one-of-a-kind property that offers maximum peace and tranquility. Newton-John died at her California ranch on Aug. 8, 2022, after battling cancer on and off for decades. She was 73. The country and pop legend’s husband, John Easterling, has listed the 4-bedroom, 4.5-bathroom, 4,452-square-foot estate in Santa Ynez, Calif., for sale for $8,965,000, more than a year-and-a-half after his wife’s death. That asking price breaks down to $2,014 per square foot and a monthly payment ...
PopCrush
Many Americans are grappling with debt, a challenge exacerbated by rising living costs and stagnant wages. According to CBS News, a recent survey revealed that nearly 18% of U.S. homeowners and 14% of renters are behind on their payments. This financial strain is often due to unforeseen expenses, job loss, or insufficient income, forcing many to seek assistance from government programs and non-profit organisations to avoid foreclosure and eviction. Which is why the story of bloggers and US couple Shyra and Marques paying off their mortgage much earlier than scheduled is remarkable in a time of...
IBTimes
Kristin Cavallari is looking to cash out on a Nashville-area home she purchased following her divorce from Jay Cutler in 2020. TMZ looked into the sales history of Cavallari’s Franklin, Tennessee home and found that she originally bought the property for around $8 million. Now, she is looking to get a cool $11 million in attempt to turn a nice profit. Zillow has the home listed as having four bedrooms and five bathrooms along with a little more than 6,700 square feet of living space. Not only is the inside and outside of the home stunning, it also is situated in an area that seems to be surrou...
PopCrush
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