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Paul Chung Joins SJP Properties as Head of Acquisitions

Paul Chung Joins SJP Properties as Head of Acquisitions

by Phil Hall | Jul 28, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

SJP Properties, a New York City-based real estate developer and property manager, has hired Paul Chung as head of acquisitions. In his new role, Chung will focus on the acquisition and development of Class-A office and industrial buildings, residential properties, and...
NYC Median Asking Rent Hits New Record High

NYC Median Asking Rent Hits New Record High

by Phil Hall | Jul 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in New York City soared to a new record high of $3,707 in the second quarter, up by $164 or 4.6% year-over-year, according to a data report from Realtor.com. The median asking rent for New York City units with zero to two bedrooms rose 7.3%...
New Data Reports Point to Mild Home Price Acceleration

New Data Reports Point to Mild Home Price Acceleration

by Phil Hall | Jul 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports published today are pointing to a housing market where price acceleration is continuing at a mild yet steady pace. The S&P Cotality Case-Shiller US National Home Price NSA Index, covering all nine census divisions, reported a 1.1% annual gain...
Redfin: Fewer Canadians Are Scrolling for US Properties to Buy or Rent

Redfin: Fewer Canadians Are Scrolling for US Properties to Buy or Rent

by Phil Hall | Jul 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer Canada-based Redfin.com users were scrolling across the platform for US homes to buy or rent last month, according to a new data report from the Seattle-based brokerage. In June, the level of Canadian searches for US properties was down 15.3% from one year...
Report: World Cup Brought Major Income Boost to Short-Term Rental Owners in Host Cities

Report: World Cup Brought Major Income Boost to Short-Term Rental Owners in Host Cities

by Phil Hall | Jul 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While the 2026 FIFA World Cup generated a surplus amount of enchanting fan behavior and questionable on-field antics, it also created a significant boost for short-term rental owners in the US host markets. According to a new data report from Baselane, a real estate...
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