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265-Unit Seattle Multifamily Community is Acquired for $173 Million

265-Unit Seattle Multifamily Community is Acquired for $173 Million

by Phil Hall | Jun 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment company Kennedy Wilson (NYSE: KW) has partnered with Kenedix, Inc. and Hulic Co. Ltd. on the $173 million acquisition of The Danforth, a 265-unit multifamily community in Seattle. The 16-story Danforth was constructed in 2018 at the...
Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033

Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033

by Phil Hall | Jun 13, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s commercial property market size reached $33 billion in 2024 and is projected to grow to $78.5 billion by 2033, with a compound annual growth rate of 9.3% during the forecast period. According to a new IMARC Group report titled “Australia Commercial...
Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium

Report: Denver Broncos Buying Industrial Parcels for Possible New Stadium

by Phil Hall | Jun 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The NFL’s Denver Broncos are reportedly behind a series of 10 properties in an industrial section of the city’s Lincoln Park neighborhood, which is fueling talk that the team is planning to build a new stadium. According to a BusinessDen report sourced from a single...
Housing Report Finds Most At-Risk Counties in California and New Jersey

Housing Report Finds Most At-Risk Counties in California and New Jersey

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Special Housing Risk Report from ATTOM has determined California and New Jersey had high concentrations of counties considered most at-risk during the first quarter. The report identified risk by affordability, proportion of seriously underwater mortgages,...
HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.

HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.

by Phil Hall | Jun 12, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

HomeXpress Mortgage Corp., a Santa Ana, California-based national originator of non-QM and business-purpose residential mortgage loans, announced it is being acquired by Chimera Investment Corp. (NYSE: CIM), a real estate investment trust, from Seer Capital...
Mortgage Rates Remain Mostly Flat

Mortgage Rates Remain Mostly Flat

by Phil Hall | Jun 12, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates showed the barest of a downward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.84% as of June 12, down slightly from last week when it averaged 6.85%. A year ago...
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