Real Estate News: New York’s Housing Developments, Chicago’s Transfer Tax Battle, and More

Real Estate Week in Review for July 29 - 30 July 2023

This week in New York, the real estate industry witnessed a significant development as Governor Kathy Hochul gave the green light for the construction of 5 World Trade Center. This skyscraper project is set to add 1,200 apartments to the Financial District, with a notable initiative to allocate one-third of the new units to low- … Read more

Rishi Kapoor’s Downfall: FBI and SEC Investigate Corruption Allegations 

Rishi Kapoor's Downfall: FBI and SEC Investigate Corruption Allegations 

  Description: Read about the embattled developer Rishi Kapoor’s resignation amid ongoing FBI and SEC probes into corruption allegations involving Miami Mayor Francis Suarez and potential securities violations. Find out how these developments impact the real estate projects and investors at Location Ventures. Introduction: The real estate industry was shaken this week as developer Rishi … Read more

Evergrande Real Estate Giant’s $81B Losses Over 2021-2022 Revealed

Evergrande Real Estate Giant's $81B Losses Over 2021-2022 Revealed

  Introduction: Chinese real estate giant Evergrande has faced significant financial challenges, resulting in an astonishing $81 billion in losses between 2021 and 2022. The company’s earnings report, long-delayed, exposed the scale of its financial troubles. With liabilities surpassing assets, concerns arise about the potential impact on China’s economy, considering Evergrande’s status as one of … Read more