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HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research

HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research

by Phil Hall | Dec 11, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research is providing a $400,000 grant to West Virgnia University (WVU) to support research into housing construction methods. WVU will collaborate with Omnis Building...
The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami

The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami

by Phil Hall | Dec 11, 2024 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Three brothers in a prominent real estate industry family who have been the target of an FBI probe for rape and sexual assault were arrested in Miami. The Wall Street Journal reported Tal and Oren Alexander, who were brokers at Douglas Elliman before starting their...
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago

Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago

by Phil Hall | Dec 11, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk’s close relationship with President-elect Donald Trump may become neighborly, as the Tesla and SpaceX chieftain and co-director of the Department of Government Efficiency is reportedly seeking a luxury property near Trump’s Mar-a-Lago estate in Palm Beach,...
Albertsons Ends Merger Deal and Sues Kroger

Albertsons Ends Merger Deal and Sues Kroger

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The proposed merger between the supermarket giants Albertsons Companies Inc. (NYSE: ACI) and The Kroger Co. (NYSE: KR) collapsed this morning as Albertsons terminated the merger agreement and filed a lawsuit against Kroger claiming a willful breach of contract and...
Refinance Surge Drives Up Mortgage Applications

Refinance Surge Drives Up Mortgage Applications

by Phil Hall | Dec 11, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications took a healthy upturn thanks to a surge in refinancing, according to data from the Mortgage Bankers Association (MBA) covering the week ending Dec. 6. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

The Pierre, a Historic NYC Hotel, Reportedly Up for Sale

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Pierre, a historic five-star hotel overlooking New York City’s Central Park, is being marketed for sale. According to a Bloomberg report sourced from unnamed “people familiar with the matter,” the landmark lodging property features 189 hotel rooms, restaurants and...
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