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New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot

New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot

by Phil Hall | Aug 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new grassroots movement in Nebraska is seeking to put a pair of property tax reform proposals on the ballot for the November 2026 election. Nebraska Public Media reports Advocates For All Nebraskans (AFAN) has launched two statewide ballot initiative petitions. One...
Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

by Phil Hall | Aug 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
Dillard’s Buys Dallas-Area Mall for $34 Million

Dillard’s Buys Dallas-Area Mall for $34 Million

by Phil Hall | Aug 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Dillard’s (NYSE: DDS) department store chain has purchased the Dallas-area Longview Mall for $34 million, according to a Wall Street Journal report sourced from an unnamed “person familiar with the matter.” It is rare for chain store retailers to buy an entire...
New Home Sales Down 0.6% in July

New Home Sales Down 0.6% in July

by Phil Hall | Aug 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in July were at a seasonally adjusted annual rate of 652,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This marked a 0.6% decline from the June’s...
Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing

Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing

by Phil Hall | Aug 25, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An 18th century painting that was stolen by the Nazis from a Dutch Jewish art dealer and disappeared for decades has been spotted in an online real estate listing in Argentina. The Dutch newspaper AD reports “Portrait of a Lady” by the Italian painter Vittore...
Morgan Properties Acquires Dream Residential REIT for $354 Million

Morgan Properties Acquires Dream Residential REIT for $354 Million

by Phil Hall | Aug 25, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Dream Residential Real Estate Investment Trust (TSX: DRR.U, DRR.UN) is being acquired by an affiliate of Morgan Properties LP in an all-cash transaction valued at approximately $354 million. Toronto-headquartered Dream Residential REIT owns a portfolio of garden-style...
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