A California state regulator has ordered a hold on a transaction between Medical Properties Trust (MPT) and Prospect Medical Holdings. The deal, which aimed to provide crucial financial support for Prospect Medical Holdings, one of MPT’s major tenants, was put on hold on July 20 by the California...
Real estate and mortgage AI platform PropMix says it wants to help its sector modernize its products. To that end, the company on Monday (Aug. 7) debuted the “AI Innovation Garage for Appraisal Management Companies and Mortgage Lenders,” offered in partnership with the Innovation Incubator and designed to...
Janover has added email capabilities to the artificial intelligence (AI) agent on its business-to-business (B2B) marketplace connecting commercial real estate borrowers and lenders. Along with email, the AI-based agent already communicates via chat, voice and text, the company said in a Monday (July 31) press...
The U.S. office market is in uncharted territory as the amount of office space has declined for what is likely the first time in history. Less than 5 million square feet of new offices broke ground in the U.S. so far this year, while 14.7...
The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of upfront cost of rental properties, President Joe Biden’s administration said Wednesday (July 19) as it announced its latest initiative to tackle “junk...
KeyBank has launched a homebuyer assistance program for underserved communities. The new KeyBank Neighbors First Credit program provides credits of up to $5,000 to help homebuyers in underserved communities in Florida and the 15 states in which the Cleveland-based bank has a retail footprint, KeyBank said...
Regional banks may not be out of the woods just yet. Speaking at last week’s Bloomberg Invest conference, Soros Fund Management Chief Executive Officer Dawn Fitzpatrick warned that a credit “contraction is invariably coming” and that other banks will fold because “there are more problems under the surface,”...
Airbnb, the short-term rental platform, is taking legal action against New York City over a new law that it claims amounts to a “de facto ban” on short-term rentals. As reported Thursday (June 1) by Reuters, the law, known as Local Law 18, is set...
Hostaway has raised $175 million to expand its property management software for short-term rentals. The firm will use the new funding to accelerate its expansion and continue developing its services, expanding its offerings and improving its platform, Hostaway CEO and Co-Founder Marcus Rader said in a Wednesday (May...
