More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Some agents who thrived financially during the pandemic also had tens of thousands of dollars in COVID-19 relief loans forgiven, a new report finds. […]
Property Business
Philadelphia property assessments, pandemic and progressives fueling debate over taxes
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City leaders are engaged in the most substantial debate over Philadelphia’s tax structure in years. Mayor Jim Kenney has proposed accelerating cuts to the city’s unusually high wage tax, while City Council members are focused on property tax relief. Progressives are pushing for a new city “wealth tax,” while the […]
Aviva explores using shareholder money to fund infrastructure projects
Aviva, one of the UK’s biggest insurance groups, is planning to use shareholder money to fund early-stage infrastructure projects, marking a step-change in its domestic investment efforts and mimicking the approach of rival Legal & General. Chief executive Amanda Blanc, an advocate of insurers using their financial firepower to invest […]
Opinion | Instead of Dollar Homes, a reparation zone in Baltimore
Placeholder while article actions load Michael Snidal is principal of Snidal Real Estate, a Baltimore-based construction and property management firm. Baltimore City Council President Nick Mosby’s “Dollar Homes” program has made national news. But it is unlikely to become local legislation. That’s good news for Baltimore. At best, the proposal […]
cove Raises Funding to Support the Growth of its Integrated Tenant Experience and Building OS Platform | News
WASHINGTON–(BUSINESS WIRE)–Jun 1, 2022– cove, a technology solution that integrates the tenant experience (“TeX”) and building operating systems (“building OS”) for commercial real estate, today announced the completion of a funding round from Blackstone Innovations Investments and other investors including Kastle Systems. They join existing investor, Second Century Ventures. This […]
‘Stripe For Real Estate’ Debuts To Fund Power Buyer Deals
Setpoint is the latest venture from Ben Rubenstein, a former executive of Opcity and Realtor.com. A new company that sees itself as the “Stripe of real estate,” and which aims to provide both technology and cash for other startups in, for example, the Power Buying sector — came out of […]