David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
IRVINE, CA—Annual increase in March first since September 2010 thanks to Jump in REOs; highest state foreclosure rates in Florida, Maryland, Nevada, Illinois, New Jersey, according to ReatlyTrac report.
NEW YORK CITY—Using CAP rates and Gross Rent Multipliers, GFI Realty says Brooklyn shows the resilience of the broader New York market, but that submarkets vary dramatically.
NEWPORT BEACH, CA—REDA, Bacom, and an Illinois investment manager have purchase four acres Santa Ana Heights for a 64,000 square foot project to being this summer.