Real Estate News

Kushner Company Agrees To Pay At Least $3.25 Million To Settle Claims Of Shoddy Apartments And Rent Abuses

Published by Nikki Palmer on Thu, 09/29/2022 - 5:00am

The Dutch Village apartments and townhomes, owned by the Kushner Cos., in Baltimore. The property management company has agreed to pay a $3.25 million civil penalty and restitution to settle a 2019 lawsuit in Maryland over allegations of charging tenants illegal fees and failing to maintain properties. (Steve Ruark / AP Photo)

The property management subsidiary of Jared Kushner’s family real estate company has agreed to pay a $3.25 million fine to the state of Maryland and to reimburse many of the tens of thousands of tenants in the Kushners’ Baltimore-area apartment complexes for excessive fees and for rent they were forced to pay over the past decade despite serious maintenance problems in the units.

Read more about Kushner Company Agrees To Pay At Least $3.25 Million To Settle Claims Of Shoddy Apartments And Rent Abuses

Long-Delayed NioCorp Mine Announces Deals That Could Bring More Investment

Published by Nikki Palmer on Thu, 09/29/2022 - 4:00am

LINCOLN — A long-delayed mining project in southeast Nebraska announced Monday that it was entering into agreements that could lead to an additional $366 million of investment in its $1.1 billion project.

Read more about Long-Delayed NioCorp Mine Announces Deals That Could Bring More Investment

Female Airbnb Hosts Earn Thousands Less Per Year Than Male Hosts

Published by Nikki Palmer on Mon, 09/26/2022 - 4:00am

Female Airbnb hosts in the United States earn on average about 25% less per year than their male counterparts for their rentals, according to our new study. That’s slightly higher than the annual gender wage gap reported by the U.S. Census Bureau and adds up to more than US$4,000 in lower earnings per year.

Read more about Female Airbnb Hosts Earn Thousands Less Per Year Than Male Hosts

Omaha Receives HUD Choice Neighborhood Grant

Published by Nikki Palmer on Thu, 09/22/2022 - 5:00am

Southside Terrace Garden Apartments located in the South Terrace/Indian Hill neighborhood in south Omaha. (Courtesy of the US Department of Housing and Urban Development)

(Omaha, NE) - The City of Omaha, the Omaha Housing Authority (OHA) and a coalition of partners will receive a $50 million federal grant to redevelop the Southside Terrace Garden Apartments and the surrounding Indian Hill neighborhood in South Omaha.

Omaha is one of four cities awarded the 2021 Choice Neighborhoods Implementation Grant by the U.S. Department of Housing and Urban Development.

Read more about Omaha Receives HUD Choice Neighborhood Grant

$25 Million Radius Campus For Youth Residential Treatment Rises In North Omaha

Published by Nikki Palmer on Tue, 09/20/2022 - 3:00am

OMAHA — A $25 million residential youth treatment center rising in North Omaha aims to fill a service gap in the metro area, one that has had courts and families sending some troubled teens off to other states to get help.

Read more about $25 Million Radius Campus For Youth Residential Treatment Rises In North Omaha

U.S. Foreclosure Starts Reach Pre-Pandemic Levels

Published by Nikki Palmer on Mon, 09/19/2022 - 3:00am

According to ATTOM Data’s August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings. This figure is up 14% from one month ago and 118% from the same time period a year ago. In addition, lenders started the foreclosure process on 23,952 U.S. properties in August 2022, up 12% from last month and up 187% from

Read more about U.S. Foreclosure Starts Reach Pre-Pandemic Levels

Trendy Blackstone District Developer Looks To Build $22 Million Project In North Omaha

Published by Nikki Palmer on Mon, 09/12/2022 - 5:00am

OMAHA — A midtown real estate team best known for turning a forsaken urban corridor into the trendy Blackstone commercial district is venturing into different territory.

GreenSlate Development wants to build a sprawling warehouse in an industrial area of North Omaha.

Read more about Trendy Blackstone District Developer Looks To Build $22 Million Project In North Omaha

CRE Summit Concludes After Another Year Of Powerhouse Panels And Breakouts

Published by Nikki Palmer on Mon, 09/12/2022 - 3:00am

The Commercial Real Estate (CRE) Summit held its annual conference on the 26th of August, to massive success. Held at the CHI Health Center, it focused on the changing market in the aftermath of the pandemic, and what effects it has had on commercial real estate as a whole. The event ran from 8:20am-3:05pm, with cocktails at The Capital District after. The Daily Record sent Kai Van Ginkel to the event to give highlights of the speeches.

Read more about CRE Summit Concludes After Another Year Of Powerhouse Panels And Breakouts

Prairie Preservationists Mourn Loss Of Virgin Prairie At Google Data Center Site

Published by Nikki Palmer on Mon, 09/12/2022 - 2:00am

A prairie in spring brings a diversity of grasses and flowering plants. (Gwyneth Roberts / Lincoln Journal Star via AP Photo)

OMAHA — A prairie in bloom has a special attraction for biologists like Tom Bragg and Glenn Pollock.

Both can tell stories of being chased off a small, private plot of virgin prairie they had individually spied while driving along State Street in northwest Omaha.

Read more about Prairie Preservationists Mourn Loss Of Virgin Prairie At Google Data Center Site

FHFA Says Home Prices Up 17.7% From 2021

Published by Nikki Palmer on Mon, 09/12/2022 - 1:00am

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 0.1% in June and were up 17.7% from Q2, 2021. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.