Commercial Property Sales Slow as Rising Interest Rates Sink Deals

Commercial real estate is showing the first signs of a slowdown in more than a year, disrupted by rising interest rates that are already wrecking some deals. According to MSCI Real Assets, April home sales were $39.4 billion, down 16% from the same month last year. The decline was followed by 13 consecutive months of … Read more

How Grant Hill built his post-NBA business empire

Former NBA superstar and Duke Blue Devils icon Grant Hill has amassed over $100 million in career earnings. He has invested in several huge real estate projects, including a $5 billion development in Atlanta. He has a stake in an NBA team and a new partnership with multinational conglomerate Philips. Now his net worth is … Read more

Rent-Control Measures Are Back as Home Rents Reach New Highs

Lawmakers across the US are looking to enact rent controls and revive policies that have been largely shunned in recent years to stem the rise in home rental prices across the country. These proposals, which would generally allow landlords to raise monthly rents by no more than 2% to 10%, are on the legislative agenda … Read more