Hidrock Realty, a family owned real-estate investment company, is planning to embark on what appears to be a pretty gutsy move: develop its first Manhattan hotel in a market that’s recovering but still far from robust. But Hidrock is able to move forward with some confidence because of the enormous discount it just got on a near-empty office building near Herald Square which it plans to convert into a hotel.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]