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Chicago Leaders Preparing for Post-Bears Chapter at Soldier Field

Chicago Leaders Preparing for Post-Bears Chapter at Soldier Field

by Phil Hall | Feb 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chicago leaders are quietly formulating plans to reinvent and reanimate Soldier Field in the event the Chicago Bears depart from the historic stadium. Fox 32 Chicago reports the Chicago Park District, a municipal agency, is proposing a $630 million program that would...
Report: 44% More Home Sellers Than Buyers

Report: 44% More Home Sellers Than Buyers

by Phil Hall | Feb 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from Redfin determined the current housing market had an estimated 44% more home sellers than buyers. This is up from 30% more than one year earlier and represents the second largest gap in records dating back to 2013 – the largest gap was 45% last...
Stanley Martin Homes Acquires United Homes Group for $221 Million

Stanley Martin Homes Acquires United Homes Group for $221 Million

by Phil Hall | Feb 23, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Reston, Virginia-based Stanley Martin Homes LLC, a homebuilder focused on the Mid-Atlantic and Southeast regions, is acquiring Columbia, South Carolina-headquartered United Homes Group Inc. (NASDAQ: UHG) in an all-cash transaction valued at approximately $221 million....
South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans

South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans

by Phil Hall | Feb 23, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

The South Dakota Senate rejected a bill that would have expanded the property tax exemption for permanently and totally disabled veterans and their surviving spouses. KOTA reports Senate Bill 126, which would have increased the exemption level from $200,000 to...
Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium

Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium

by Phil Hall | Feb 23, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Veris Residential Inc. (NYSE: VRE) a Northeast-focused multifamily real estate investment trust, announced it is being acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners in an all-cash transaction for $19.00 per share of...
ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City

ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City

by Phil Hall | Feb 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

ESPN host Stephen A. Smith criticized Chicago officials after Illinois Gov. JB Pritzker acknowledged the Chicago Bears will not get a new stadium within their namesake city. On Friday, the Chicago Tribune reported Pritzker stated, “I think now there’s a common...
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