USA Property

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...

FBI opens investigation into NY Attorney General Letitia JamesThe Department of Justice opened an investigation into New York Attorney General Letitia James, multiple news outlets reported.WASHINGTON — The Department of Justice has opened up an investigation into New York Attorney General Letitia James over real estate transactions, multiple news outlets reported.The FBI investigation is tied to loans and property purchases in New York City and Virginia, the Albany Times Union, Guardian and Washington Post reported on May 8.President Donald Trump has frequently attacked James since she won a $454 million...

Gov. DeSantis discusses tax relief. (WPLG)Governor Ron DeSantis held a roundtable in Jacksonville Friday to discuss property tax relief for homeowners.DeSantis proposed providing a one-time $1,000 rebate to homeowners. The Governor also asked that voters in 2026 have the option to cut property taxes.Critics say the Governor has no concrete plan on how to eliminate property taxes completely and there hasn’t been a source of funding for the projects property taxes currently pay for.We want to hear from you: How do you feel about the possible elimination of property taxes...

Aerial video along the Swannanoa River reveals the wrath of Tropical Storm HeleneAerial video along the Swannanoa River between Black Mountain and Asheville reveals the devastation of Tropical Storm Helene.Buncombe County’s proposed budget for fiscal year 2026 includes a 3.26-cent property tax increase to offset revenue shortfalls in the aftermath of Tropical Storm Helene.The budget prioritizes essential services, including $122 million for education, though still short requests from Asheville City Schools and Buncombe County Schools.ASHEVILLE – Described as a “break-even budget” focused on essential government services and recovery in the...

Reno redevelopment agency approves GSR arena project TIF contractReno's redevelopment agency voted 5-2 to approve the GSR arena project's tax-increment financing contract.The Reno redevelopment agency, which is made up of the city council members, voted in 5-2 to approve the tax-incremental financing contract with the Grand Sierra Resort’s phase one arena project.The deal would require GSR to be reimbursed 90% of its property tax, while the redevelopment agency would keep 10% of the property taxes. It sunsets in 2035.GSR owner Alex Meruelo said he would give the lease to the...