Tag: construction
-
How to Invest in Real Estate: REITs to Consider–and Avoid
Real estate investment trusts have had a tough couple of years, but opportunities abound—if you know where to look. Higher interest rates have meant greater costs for the borrowing-dependent industry, while also making REIT dividend yields less attractive compared with bond yields. And this year’s banking sector turmoil exposed how reliant some classes of real ... -
A record number of homes are being built to rent. Does this hurt house hunters?
As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known ... -
Home REIT Independent Investigation Finds Undisclosed Arrangements by Investment Adviser
Published: May 30, 2023 at 2:54 a.m. ET By Joe Hoppe Home REIT said Tuesday that a report from independent forensic accountants has found that a number of key arrangements and information wasn’t disclosed to the company by its investment adviser. The real-estate investment firm said a report from Alvarez & Marsal Disputes and Investigations–which ... -
Like other states, Rhode Island has a housing problem.
Like many other states, Rhode Island has a housing problem. According to Zillow, the typical home value in the state is $418,708—a 34% increase since the summer of 2020. A new proposal would empower the state to build subsidized public housing to get more affordable units on the market. Though well-meaning, this plan does not ... -
Commercial building under renovation partially collapses in Holladay; no injuries reported
HOLLADAY, Utah (KUTV) — A commercial building that was undergoing renovation partially collapsed in Salt Lake County. Officials with Unified Fire said the incident was reported a short time before 5 p.m. Thursday near 4890 S Highland Drive in Holladay. Based on preliminary information, the collapse may have been caused by the construction crews accidentally ... -
Great Portland Estates Swung to FY 2023 Loss on Negative Property Valuations
Published: May 24, 2023 at 3:09 a.m. ET By Joe Hoppe Great Portland Estates said Wednesday that it swung to a fiscal 2023 loss after a negative revaluation of its investment portfolio, though revenue rose. The real-estate investment trust said it swung to a pretax loss of 164.0 million pounds ($203.6 million) for the year ... -
House-flipping influencer and life coach hit with hefty fines in bogus $400 million training program and 5 hottest metros are in the south
Hi, MarketWatchers. Don’t miss these top stories. House-flipping influencer and life coach hit with hefty fines in bogus $400 million training program The FTC accused the pair of promoting a course whose aim was to sell students increasingly expensive courses. Read More ‘Don’t Call Me Karen’: Uber diversity head suspended over events highlighting white women’s ... -
Fed’s Barr warns of rising risk around commercial real estate at regional banks
Published: May 16, 2023 at 12:12 p.m. ET Federal Reserve Bank examiners have stepped up their oversight of banks with significant exposure to commercial real estate, according to Michael Barr, the Fed’s vice chair for supervision. “I think it’s important for commercial real-estate risks to be well understood and mitigated by community banks and smaller ... -
Hospital Tenants of Medical Properties Trust Hire Advisers for Refinancings
Hospital systems Steward Health Care and Prospect Medical Holdings, among the largest tenants of healthcare real estate owner Medical Properties Trust, have brought on financial advisers to help refinance credit lines after some recent financial struggles, according to people familiar with the matter. Steward has hired Guggenheim Securities to refinance asset-based loans due at the ... -
I want to sell my rental in Hawaii for $1.2 million. Can I avoid capital gains?
I own a house in Hawaii, and I have been renting it out for the past 8 years. I would like to sell the house soon. Is there a way, other than moving into the house for two years, to avoid having to pay taxes on the profits of the sale? The house is located ...