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Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

Frank Lloyd Wright-Designed Home Outside of Chicago Listed at $779,000

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright house outside of Chicago has been listed for the first time since 1976 for $779,000. According to Robb Report coverage, the Prairie-Style cottage known as the Warren Hickox House in Kankakee, Illinois, is on a roughly half-acre property. The...
Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rexford Industrial Realty Inc. (NYSE: REXR), a real estate investment trust focused on industrial properties in Southern California, has acquired approximately 3 million square feet of industrial properties from Blackstone (NYSE: BX) for $1 billion. The combined...
Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The e-commerce giant Amazon Inc. (NASDAQ: AMZN) plans to save nearly $1.3 billion over the next few years by reducing the quantity of its office vacancies. According to a Business Insider report sourced from an obtained internal document and input from an unnamed...
Fraudster Sentenced in Brooklyn Real Estate Scam

Fraudster Sentenced in Brooklyn Real Estate Scam

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Brooklyn woman who ran a real estate Ponzi scheme that stole $959,000 from nine victim received a prison sentence of three-and-a-half to seven years. Regine Norman, also known as Regine Ellis, falsely promoted herself as a member of NY Private Auction Inc., which...
Mortgage Rates Drop Slightly

Mortgage Rates Drop Slightly

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) showed rates in a slight decline from one week earlier. The 30-year fixed-rate mortgage averaged 6.79% as of March 28, down from last week when it averaged 6.87%. A year ago at this time,...
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