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Former Home of Gambino Crime Family Boss Listed for $18 Million

Former Home of Gambino Crime Family Boss Listed for $18 Million

by Phil Hall | Nov 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While Manhattan is usually the center of New York City’s luxury real estate market, a mansion on Staten Island is now in the spotlight thanks to its historic listing price and colorful history. Mansion Global reported the luxury residence built in 1980 as the home for...
Newly Built Homes Account for 28% of Q3 Single-Family Home Sales

Newly Built Homes Account for 28% of Q3 Single-Family Home Sales

by Phil Hall | Nov 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Newly built homes accounted for 28% of single-family homes for sale during the third quarter, according to new data from Redfin (NASDAQ: RDFN). This is down from 30.5% one year earlier and the lowest share in three years. The record high for newly built single-family...
HUD Provides $1.7 Million in Hurricane Aid to Asheville, North Carolina

HUD Provides $1.7 Million in Hurricane Aid to Asheville, North Carolina

by Phil Hall | Nov 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has allocated $1.7 million to Asheville, North Carolina, to be used in the recovery efforts following Hurricane Helene. The new funding will be used to support the reconstruction of damaged homes, businesses,...
NerdWallet Acquires Mortgage Brokerage Next Door Lending

NerdWallet Acquires Mortgage Brokerage Next Door Lending

by Phil Hall | Nov 1, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The personal finance company NerdWallet Inc. (NASDAQ: NRDS) has expanded into the mortgage brokerage industry with its $1 million all-cash acquisition of Next Door Lending. NerdWallet CEO Tim Chen announced the acquisition in the company’s third quarter earnings...
Wendy’s to Close 140 Restaurants

Wendy’s to Close 140 Restaurants

by Phil Hall | Nov 1, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Wendy’s Company (NASDAQ: WEN) has become the latest restaurant chain to close locations, with 140 eateries set to be shuttered in the fourth quarter. The closures were announced Thursday during the company’s earnings call. According to a report in Restaurant Dive,...
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