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CBRE, Citadel Sign New Leases for Manhattan Office Spaces

CBRE, Citadel Sign New Leases for Manhattan Office Spaces

by Phil Hall | Jan 6, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The commercial real estate services and investment company CBRE Group Inc. (NYSE: CBRE) and the hedge fund Citadel LLC have signed significant office leases in historic Manhattan properties. CBRE announced it will establish a global financial headquarters at Lever...
Real Estate Veteran Sherry Chris Hired as Special Advisor to NAR’s CEO

Real Estate Veteran Sherry Chris Hired as Special Advisor to NAR’s CEO

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has hired longtime real estate industry executive Sherry Chris as an independent consultant and special advisor to CEO Nykia Wright. In a statement, NAR said Chris “will provide strategic counsel on strengthening...
Redfin: Housing Affordability Improved Slightly in 2024

Redfin: Housing Affordability Improved Slightly in 2024

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin (NASDAQ: RDFN) has determined housing affordability did not worsen in 2024, which marked the first time in four years that homebuyers enjoyed a slight break from accelerating prices. Redfin stated a household making the $83,782 median...
The Appraisal Foundation and Farm Credit System Launch Rural Appraisal Practicum Model

The Appraisal Foundation and Farm Credit System Launch Rural Appraisal Practicum Model

by Phil Hall | Jan 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Appraisal Foundation has partnered with the Farm Credit System to create a Rural Appraisal Practicum Model, a new framework designed to address the challenges facing aspiring rural appraisers. According to the organizations, the initiative will create a...
Saudi Arabia to Create Securitization Market for RMBS

Saudi Arabia to Create Securitization Market for RMBS

by Phil Hall | Jan 6, 2025 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate Investing, Real Estate News, WRE News Exclusive

Saudi Arabia will become the first Persian Gulf nation to establish a securitization market for residential mortgage-backed securities (RMBS). The Public Investment Fund’s Saudi Real Estate Refinance Co. is partnering with Hassana Investment Co., a government pension...
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