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DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR

DOJ: Sitzer/Burnett Settlement Does Not Prevent Future Enforcement Against NAR

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) filed a Statement of Interest on Sunday ahead of this week’s final hearing of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Burnett case. Real Estate News reported the DOJ’s statement informed the...
$15.85 Million Home Sale Breaks Record for North Carolina

$15.85 Million Home Sale Breaks Record for North Carolina

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

North Carolina scored a new record-breaking home sale with a $15.85 million transaction in the state’s Blue Ridge Mountains. According to Mansion Global, the approximately 13,500-square-foot home on a 7.64-acre is in Banner Elk, an affluent vacation destination...
Montana’s Cromwell Island Listed for $72 Million

Montana’s Cromwell Island Listed for $72 Million

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Cromwell Island, the largest freshwater island under single ownership in the western US, has been listed for $72 million. The 348-acre island is located approximately one hour from Glacier National Park on Flathead Lake in Montana and can be reached by a ferry....
Report: US Office Furniture Market to Reach $22.24 Billion by 2030

Report: US Office Furniture Market to Reach $22.24 Billion by 2030

by Phil Hall | Nov 25, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US office furniture market size is expected to reach $22.24 billion by 2030 with a compound annual growth rate (CAGR) of 5% over the forecast period, according to a new data report from ResearchAndMarkets.com. The seating product segment accounted for the market’s...
Flacks Group Acquires Georgia’s Crowne Plaza North Augusta Hotel

Flacks Group Acquires Georgia’s Crowne Plaza North Augusta Hotel

by Phil Hall | Nov 25, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Flacks Group, a Miami-based investment firm, has acquired the 180-room Crowne Plaza North Augusta, an IHG Hotel in Augusta, Georgia. The luxury hotel was built in 2019 and is based along the Savannah River. It is located a short distance from the Augusta National Golf...
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