Maddy McCarty
Houston Reporter at Bisnow
Houston reporter, covering commercial real estate @bisnow 🤠 Public library enthusiast. Ask me about my cats 🐱 [email protected]
Articles
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1 week ago |
bisnow.com | Maddy McCarty
Fannie Mae is partnering with artificial intelligence software company Palantir Technologies to more quickly detect mortgage fraud as it pushes to exit a federal conservatorship and go private. Fannie Mae’s Crime Detection Unit will use AI-enabled technology to monitor millions of datasets and detect patterns indicative of fraud at a “speed and precision never before seen in the U.S. housing market,” the quasi-governmental lending firm said in a press release.
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1 week ago |
bisnow.com | Maddy McCarty
A financially distressed Class-A building in Houston’s Galleria area faces a drop in value and potential foreclosure, according to Morningstar Credit data and Harris County records. The Decorative Center of Houston, a 515K SF office and showroom at 5120 Woodway Drive, has a new appraised value of $48.8M, Morningstar Credit reported this month. That is down from a $77.8M appraisal in 2014, according to Morningstar.
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1 week ago |
bisnow.com | Maddy McCarty
Markets hate volatility. Since President Donald Trump regained power, the country has seen a ton of it. Commercial real estate finance professionals holding out hope for a semblance of stability to push the Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, CRE Finance Council President and CEO Lisa Pendergast said.
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2 weeks ago |
bisnow.com | Maddy McCarty
Howard Hughes Holdings Inc. acquired 10101 Woodloch Forest Drive, a Class-A office building in The Woodlands, for $16.3M. The unoccupied, eight-story building will be renamed Waterway 7 and add more than 200K SF to Howard Hughes’ office portfolio in the master-planned city. The building sits on a 1.6-acre site with 700 parking spaces in an adjacent garage. It was originally built in 2009.
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2 weeks ago |
bisnow.com | Maddy McCarty
An overwhelming majority of the Texas Legislature has indicated it is ready to shutter an industry responsible for $5.5B in annual sales, more than 50,000 jobs and thousands of retail storefronts, distribution centers and cultivation operations. The Texas House voted 95-44 Wednesday evening to pass a complete ban on all hemp-based products containing tetrahydrocannabinol, or THC, the main intoxicating ingredient in marijuana.
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RT @Bisnow: Brookfield Hands 4.6M SF Houston Office Campus To Lender https://t.co/eow5kNHKj3
ICYMI: Ali Choudhri is behind bars until he purges his contempt in a federal bankruptcy case https://t.co/mOfMlKu9Wt
Heartbreaking but important read https://t.co/oq8ozo7pS4
