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Chinese Logistics Operators Account for 20% of New US Warehouse Leasing

Chinese Logistics Operators Account for 20% of New US Warehouse Leasing

by Phil Hall | Nov 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chinese third-party logistics providers and e-commerce companies were responsible for 20% of net new warehouse leasing in the US during the third quarter. According to Wall Street Journal coverage culled from Prologis data, many of these companies are leasing space in...
Bernard Marcus, Co-Founder and First Chief Executive of The Home Depot, Dies at 95

Bernard Marcus, Co-Founder and First Chief Executive of The Home Depot, Dies at 95

by Phil Hall | Nov 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Home Depot (NYSE: HD) announced the passing of Bernard Marcus, the company’s co-founder and first CEO and chairman, at the age of 95. Born in Newark, New Jersey on May 12, 1929, Marcus was the youngest of four children born to Russian-Jewish immigrant parents. He...
Report: Renter Households Growing at Record Pace

Report: Renter Households Growing at Record Pace

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of renter households in the third quarter totaled a record 45.6 million, a 2.7% year-over-year increase, according to new data report from Redfin (NASDAQ: RDFN). This growth rate is three times faster than the 0.9% increase in homeowner households, which...
Metro Vancouver Home Sales Up Nearly 32%

Metro Vancouver Home Sales Up Nearly 32%

by Phil Hall | Nov 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Residential home sales registered on the Multiple Listing Service (MLS) in the Metro Vancouver market totaled 2,632 in October, a 31.9% year-over-year spike from the 1,996 sales recorded one year earlier, according to data from the Greater Vancouver Realtors (GVR)....
The Richman Group Closes Affordable Housing Tax Fund with $171.5 Million in Equity

The Richman Group Closes Affordable Housing Tax Fund with $171.5 Million in Equity

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Richman Group Affordable Housing Corporation, a Greenwich, Connecticut-based developer and syndicator of affordable housing, announced that it raised $171.5 million in equity for a multi-investor affordable housing tax credit fund. According to the company, the...
Scott Henley Named CEO at Vista Residential Partners

Scott Henley Named CEO at Vista Residential Partners

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Vista Residential Partners, an Atlanta-headquartered firm focused on the acquisition, development, and construction of multifamily and mixed-use communities, has announced the appointment of Scott Henley as its new CEO. Henley comes to Vista from Simpson Housing,...
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