AGP Executive Report
Last update: 9 hours agoAntitrust & Rent Pricing: Minnesota AG Keith Ellison announced a $7M settlement with LivCor over alleged algorithmic rent-fixing using competitor pricing data tied to RealPage, with LivCor ordered to stop that practice. Local Planning & Housing Supply: Mendham, New Jersey adopted a controversial affordable-housing overlay allowing Accordia Realty to build 150 homes (20% affordable) on a church-leased tract, despite resident pushback. Commercial Real Estate Deals: Sunway MCL and CSC Land Group placed a top bid of S$751M for a prime Singapore residential site near Orchard Road, reflecting continued demand in the city’s high-end market. Investor Appetite for REITs: Kenya’s TRIFIC Green USD I-REIT drew demand above its target, oversubscribing ahead of a planned debut on the Nairobi Securities Exchange. Housing Affordability Policy: Ottawa and British Columbia plan up to $3.2B to cut development charges and help convert thousands of empty B.C. condos into affordable homes. Property Management Tech: ClairFi appointed CPA Lisa Sretenovic to expand its CPA partnership program focused on private investment access and coordinated wealth strategy. Market Pulse: India’s equities opened lower as IT stocks slid after Accenture’s guidance cut raised concerns about global tech spending. Property Risk & Compliance: New Zealand WorkSafe flagged asbestos as a major work-related killer, renewing pressure on compliant removal as construction and renovation activity grows. AI & Infrastructure: A new wave of AI data centers in Ghana is sparking debate over power demand, cooling needs, and resource strain. Real Estate Operations: Tampa Fast Home Buyer says cash/as-is buyers are taking a larger share of Florida transactions, citing shifting negotiating power and inventory conditions.
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