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GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

by Phil Hall | Mar 5, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The General Services Administration (GSA) reported that its Public Buildings Service identified over 440 “non-core assets” owned and maintained by the federal government. In a statement, the GSA said the 440 properties encompass nearly 80 million rentable square feet...
Refinancing Fuels 20.4% Upswing in Mortgage Application Activity

Refinancing Fuels 20.4% Upswing in Mortgage Application Activity

by Phil Hall | Mar 5, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity soared for the week ending Feb. 28 thanks largely to corybantic refinance activity, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
FCP Acquires 400-Unit Florida Multifamily Community

FCP Acquires 400-Unit Florida Multifamily Community

by Phil Hall | Mar 5, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment firm FCP has acquired Arium Sunrise, a 400-unit multifamily community in Sunrise, Florida. Built in 1998, the property has a 94% occupancy rate and offers an array of amenities including a swimming pool, clubhouse, and fitness center. FCP...
BGIS CEO Gordon Hicks Awarded the King Charles III Coronation Medal

BGIS CEO Gordon Hicks Awarded the King Charles III Coronation Medal

by Phil Hall | Mar 5, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Gordon Hicks, CEO of the Markham, Ontario-based integrated facility management services firm BGIS, was awarded the King Charles III Coronation Medal in recognition of his longstanding support and contributions to Kids Help Phone and Youth Mental Health advocacy across...
A Phil Hall Op-Ed: Taking a New Look at the Community Reinvestment Act

A Phil Hall Op-Ed: Taking a New Look at the Community Reinvestment Act

by Phil Hall | Mar 4, 2025 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: In 1977, President Carter signed into law the Community Reinvestment Act (CRA), which created new compliance requirements for commercial banks and savings associations related to the needs of markets where they had a depository and lending presence,...
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