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KKR and Marriott Partner in Japanese Lodging Endeavor

KKR and Marriott Partner in Japanese Lodging Endeavor

by Phil Hall | May 7, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, WRE News Exclusive

The global investment firm KKR has teamed with Marriott International Inc. (NASDAQ: MAR) in the launch of a new endeavor in the midscale hospitality space in Japan. The new partnership follows KKR’s acquisition of Unizo Hotel Company Limited and a portfolio of 14...
Lower-Income Borrowers Account for One in Five New Mortgages

Lower-Income Borrowers Account for One in Five New Mortgages

by Phil Hall | May 7, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lower-income Americans accounted for roughly one in five (20.6%) new mortgages issued in 2023, a level not seen since 2018, according to new data from Redfin (NASDAQ:RDFN). The newly reported level represents a step down from the progress that lower-income Americans...
Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End

Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End

by Phil Hall | May 7, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Actor Tom Selleck has a confession to make – the star of “Blue Bloods” is concerned over whether he can afford to keep his California ranch after his CBS series goes off the air later this year. In an interview with CBS News, Selleck questioned whether he would have...
FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

by Phil Hall | May 7, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Administration (FHA) is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, Hawaii, through Jan. 1, 2025. The extension will provide homeowners impacted by the August 2023 wildfires with more time to obtain...
Pinstripes Taps Newmark for Master Broker Deal

Pinstripes Taps Newmark for Master Broker Deal

by Phil Hall | May 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The dining/entertainment venue operator Pinstripes Holdings Inc. (NYSE: PNST) has signed a new agreement with Newmark Group (NASDAQ:NMRK) for the company to act as Pinstripes’ exclusive Master Broker throughout the U.S. and overseas. The Newmark partnership will...
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