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Alchemy Ventures Buys 125-Year-Old NYC Property for $10.75 Million

Alchemy Ventures Buys 125-Year-Old NYC Property for $10.75 Million

by Phil Hall | Mar 19, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Alchemy Ventures, an affiliate of Alchemy Properties Inc., has acquired a 125-mixed use property in New York City’s East Village for $10.75 million. The five-story, 9,634-square-foot mixed-use property at 151 Avenue A was built in 1900 and encompasses eight...
Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector

Multifamily Mortgage Debt Continues to Outpace the Full Commercial Real Estate Sector

by Phil Hall | Mar 19, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Multifamily mortgage debt continued to grow at a faster pace than the full commercial real estate market for the tenth consecutive quarter. New data from the Mortgage Bankers Association (MBA) found the total mortgage debt outstanding for the full commercial real...
Herschen Acquires Palace Entertainment’s Theme Parks

Herschen Acquires Palace Entertainment’s Theme Parks

by Phil Hall | Mar 19, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Spanish entertainment operator Parques Reunidos is selling all of the US properties run by its Palace Entertainment subsidiary to Herschend, the Atlanta-headquartered themed attractions company whose brand portfolio includes Dollywood Parks & Resorts. The...
Four Real Estate Scammers Indicted for NYC Deed Theft Schemes

Four Real Estate Scammers Indicted for NYC Deed Theft Schemes

by Phil Hall | Mar 19, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Four people and three companies were indicted for a series of deed theft schemes that resulted in three New York City homeowners having their residences stolen. The schemes occurred between March and July 2023 and impacted homeowners in the Kew Gardens Hills, Queens...
Q4 Renter Population Up by Less Than 1%

Q4 Renter Population Up by Less Than 1%

by Phil Hall | Mar 19, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The US was home to 45.4 million renter households during the fourth quarter of 2024, a 0.8% uptick from one year ago. According to a data report from Redfin (NASDAQ: RDFN), this is the slowest growth since the first quarter of 2023. Also during the fourth quarter, the...
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