USA Property

Manulife US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 69.9 per cent on Thursday (May 15) for its first quarter ended March, down from 73.9 per cent in the previous quarter. The pure-play US office Reit manager explained that this was largely due to the expiry of leases at its Diablo property in the submarket of Tempe, Arizona.Notable leases executed over the quarter included the Phipps’ and Centerpointe’s new leases of 27,000 square feet (sq ft) and 29,000 sq ft, respectively. The Reit posted a negative rental...

When her Iraqi captors told Sara Saleem that they were digging her grave outside her prison cell, the real estate developer and engineer began plotting her escape, eventually using a metal spoon to pry off a window frame and fleeing down a drain pipe to safety. Saleem, 47, a US citizen of Kurdish ethnicity, claims she was kidnapped, tortured and held for ransom for more than a month at a prison near Basra in a story with all the twists and turns of a Hollywood thriller. After trying for years...

Michigan legislation proposes exempting seniors aged 70 and older from paying property taxes. LANSING, Mich. (WJRT) - Michigan senior citizens aged 70 and older could soon be exempt from paying property taxes under new legislation.Republican State Sen. Michele Hoitenga of Manton hopes the bill will allow senior citizens to remain in their homes as long as possible without struggling to pay their costly property tax bills every year."People across Northern Michigan are feeling the financial burden of high taxes -- especially our seniors, many of whom are on...

Email Sign Up For Our Free Weekly Newsletter Confidence in the U.S. multifamily housing market weakened in the first quarter of 2025, according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). Both key indicators of the survey--tracking builder sentiment and occupancy levels--declined year-over-year, signaling a more cautious approach among developers amid economic and regulatory pressures. The Multifamily Production Index (MPI), which gauges builder and developer sentiment about current production conditions in the apartment and condominium sectors, dropped three points to a reading...

WEST PALM BEACH, FL — May 13, 2025 — The viral crypto project Purple Pepe (PURPE) continues its rise with multiple new exchange listings and a historic leap into real-world utility. Less than a year since its launch, the community-driven memecoin is now making headlines not just online, but in commercial real estate.Now trading on Poloniex, LBank, BitMart, Coinstash, Biconomy, Slingshot app, Gate.io, Coinbase Wallet, Robinhood Wallet, PURPE is gaining momentum across major crypto exchanges. With a holder base of over 48,000 and a previous all-time high market cap of...

WEST PALM BEACH, FL — May 13, 2025 — The viral crypto project Purple Pepe (PURPE) continues its rise with multiple new exchange listings and a historic leap into real-world utility. Less than a year since its launch, the community-driven memecoin is now making headlines not just online, but in commercial real estate.Now trading on Poloniex, LBank, BitMart, Coinstash, Biconomy, Slingshot app, Gate.io, Coinbase Wallet, Robinhood Wallet, PURPE is gaining momentum across major crypto exchanges. With a holder base of over 48,000 and a previous all-time high market cap of...

Essex Property Trust has picked up two new apartment complexes in separate deals in Campbell for a combined $240.5 million.The San Mateo-based real estate investment trust bought the 252-unit Parc at Pruneyard at 215 Union Avenue and the 168-unit Revere Campbell at 1725 South Bascom Avenue, the San Jose Mercury News reported.San Francisco-based Ellis Partners and New York-based Fortress Investment Group sold the Parc for $122.5 million, or $486,111 per unit.Essex paid an undisclosed seller $118 million, or $702,380 per unit, for the Revere Campbell. The sales prices could be a...

TAMPA, Fla. — A new report said Tampa had the highest property tax increase of all major cities in the United States.According to a LendingTree analysis, Tampa saw the highest property tax increase of the 50 largest metropolitan areas in the country between 2021 and 2023.Tampa property taxes increased 23.3% from 2021 to 2023, from a median yearly rate of $1,935 in 2021 to $2,835 in 2023.Tampa, Indianapolis (19.8%), and Dallas (19.0%) saw the highest property tax increases from 2021 to 2023, while Pittsburgh (4.4%), Philadelphia (8.2%), and Milwaukee (8.3%)...

Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities.The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A multifamily units across the top 20 US growth markets, the company told Cointelegraph on May 12.“The entire structure is digital-native from the start — compliant onboarding, reporting, capital calls, and (potential) secondary market transfers,” a PREH spokesperson said.The fund is part of a broader $750 million investment vehicle co-developed...

The manager of Manulife US real estate investment trust (Reit) announced on Sunday (May 11) that it has agreed to sell Peachtree, a 28-storey Class A office building in Atlanta, Georgia for US$133.8 million.The purchaser is an unrelated third party, and the purchase and sale agreement is subject to approval by the lenders of Manulife US Reit, among other conditions. Manulife US Reit expects to get US$118.8 million as net proceeds from the transaction, excluding the seller’s credit and transaction costs.This will result in an estimated net loss of US$52.5...