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Omni Quality Living Acquires Long-Term Care Property

Omni Quality Living Acquires Long-Term Care Property

by Phil Hall | Feb 12, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Omni Quality Living, a portfolio business of the Hillcore Group that operates long-term care and retirement homes in Canada, has acquired the Wildwood Care Centre in St. Mary’s, Ontario. This is the company’s second acquisition in 12 months, following the March...
Hits and Misses for the Real Estate Week of Feb. 5-9

Hits and Misses for the Real Estate Week of Feb. 5-9

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An XXL-large listing price, Janet Yellen’s not-calming words and an unlikely exodus of Gen Zers into California. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 5-9. Hit: Will History Be Made in Florida? The most...
Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), has recruited Jeff Wagner as senior managing director of capital markets in Toronto. Wagner brings over 20 years of commercial real estate experience, which includes closing over $2 billion in debt...
NAR: ‘Cooperative Compensation is Good for Consumers’

NAR: ‘Cooperative Compensation is Good for Consumers’

by Phil Hall | Feb 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) took another push back at last October’s verdict in the Sitzer/Burnett case, arguing that the verdict was fueled with “erroneous rulings by judge” while insisting the cooperative compensation issue raised in the trial is not...
Redfin: Asking Rents Flattened in January

Redfin: Asking Rents Flattened in January

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. asking rent rose 1.1% year-over-year to $1,964 in January, according to new data from Redfin (NASDAQ:RDFN). This marked the largest annual increase since March 2023. On a month-over-month basis, the asking rent level remained unchanged. However, Redfin...
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