The tight commercial real estate market along the U.S. 36 corridor has prompted the development of one speculative office building and the purchase of nearly 50 acres of land for future industrial build-to-suit development.
Acting on complaints about high overdraft fees on checking accounts, the new federal consumer bureau launched a broad inquiry into bank practices and is seeking public input on a special disclosure box about fees on monthly statements.
The National Association of Realtors took a public shot at the Obama administration on Wednesday, criticizing an effort to alleviate some the housing markets woes by renting out foreclosed properties.
Since 2009, six of the largest U.S. mall owners have forfeited 20 struggling malls to their lenders or sold them under pressure from those lenders. Lakeforest Mall in Gaithersberg, Md., might soon be added to that list.