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Sen. Warren Endorses Zohran Mamdani for NYC Mayor

Sen. Warren Endorses Zohran Mamdani for NYC Mayor

by Phil Hall | Aug 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has endorsed Zohran Mamdani’s candidacy to become New York City mayor, citing his focus on “affordability.” The New York Post reports the senator and Mamdani appeared together at the DC37 union building in Manhattan, where the...
Lincoln Property Company and NYLREI Acquire San Francisco Office Property

Lincoln Property Company and NYLREI Acquire San Francisco Office Property

by Phil Hall | Aug 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Lincoln Property Company has partnered with New York Life Real Estate Investors (NYLREI) on the acquisition of 600 Townsend West, a Class A office building in San Francisco’s Design District. The five-story building encompasses nearly 210,000 square feet and is 90%...
Trump Offers Nominees to Run Ginnie Mae, FHA

Trump Offers Nominees to Run Ginnie Mae, FHA

by Phil Hall | Aug 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

President Trump has nominated Joseph Gormley to become president of Ginnie Mae and Frank Cassidy to become commissioner of the Federal Housing Administration (FHA). Gormley has served as Ginnie Mae’s executive vice president and chief operating officer since April. He...
Mershops Acquires California Mall for $50 Million

Mershops Acquires California Mall for $50 Million

by Phil Hall | Aug 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate platform Mershops has acquired the Weberstown Mall in Stockton, California, for $50 million. Built in 1966 and located within California’s Central Valley, Weberstown Mall encompasses 800,000 square feet and has a tenant base that includes Barnes...
Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?

Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?

by Phil Hall | Aug 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in California and Hawaii are the greatest potential beneficiaries from the elimination of the capital gains tax on home sales, according to a new data report from Redfin. The new report noted that California’s the median home value is $766,896 and the...
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