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Kimco Realty Acquires Jacksonville Shopping Center for $108 Million

Kimco Realty Acquires Jacksonville Shopping Center for $108 Million

by Phil Hall | Jan 9, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Kimco Realty (NYSE: KIM), a Jericho, New York-based real estate investment trust (REIT) and owner/ operator of open-air, grocery-anchored shopping centers and mixed-use properties, has acquired The Markets at Town Center, a 254,000-square-foot property in...
DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

by Phil Hall | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) has secured the forfeiture of two luxury Miami condominiums that were maintained, transferred, and leased in violation of sanctions against Russian national Viktor Perevalov. The forfeited properties have a combined value of...
Eric W. Price Named President and CEO at NHP Foundation

Eric W. Price Named President and CEO at NHP Foundation

by Phil Hall | Jan 9, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The NHP Foundation (NHPF), a not-for-profit real estate corporation focused on affordable housing acquisition, investment and development, has promoted Eric W. Price to president and CEO. Price was most recently president and assumes the CEO as the successor to...
Update: Five Dead, 100,000 Forced to Evacuate from Los Angeles Area Wildfires

Update: Five Dead, 100,000 Forced to Evacuate from Los Angeles Area Wildfires

by Phil Hall | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Los Angeles County residents came into Thursday morning with five wildfires burning out of control, with five people confirmed dead and more than 100,000 people forced out of their homes. Early estimates of property damage from the crisis have been placed in the tens...
Amy Lessinger to Step Down as RE/MAX President

Amy Lessinger to Step Down as RE/MAX President

by Phil Hall | Jan 8, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

RE/MAX LLC President Amy Lessinger will resign as president on Jan. 17, less than a year after she took over the company’s leadership role. Lessinger was the company’s senior vice president of region development since January 2022 when she was elevated to the...
Number of Homes Actively for Sale in December Up 22% Year-Over-Year

Number of Homes Actively for Sale in December Up 22% Year-Over-Year

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from Realtor.com recorded a 22% year-over-year increase in the number of homes actively for sale during December. Although December marked the 14th straight month for a growth in the number of homes actively for sale, it was also lower than November’s...
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