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The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

The House Where Jeff Bezos Created Amazon Sells for $2.29 Million

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The house where Jeff Bezos launched Amazon has been acquired. According to Mansion Global, the 1,540-square-foot residence at 10704 NE 28th Street in the Seattle suburb of Bellevue, Washington, as listed last month at $2.29 million and is now being identified as a...
London’s BT Tower Sold to Hotel Group

London’s BT Tower Sold to Hotel Group

by Phil Hall | Feb 21, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The telecommunications company BT Group has announced the sale of its London landmark BT Tower to MCR Hotels for $346 million, with the new owner planning to transform the structure into a hotel. Located in the Fitzrovia district of Central London, the 620-foot-tall...
NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines

NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines

by Phil Hall | Feb 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James has threatened to seize the commercial real estate assets of former President Donald Trump if he fails to pay the fines levied against him in his civil fraud trial. James, a Democrat, told ABC News she is prepared to take...
HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors

HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced $115 million in grant funding will be made available to support the development and improvement of affordable rental housing for low-income seniors. The funds are being provided under HUD’s Section...
Mortgage Application Activity Goes Kerplop

Mortgage Application Activity Goes Kerplop

by Phil Hall | Feb 21, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity plummeted in the latest data report from the Mortgage Bankers Association (MBA). For the week ending Feb. 16, the MBA’s Market Composite Index dropped by 10.6% on a seasonally adjusted basis from one week earlier; the...
Ardley Technologies Unveils New Automatic Underwriting Engine

Ardley Technologies Unveils New Automatic Underwriting Engine

by Phil Hall | Feb 21, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Reston, Virginia-based Ardley Technologies Inc. has launched Autopilot, a white-labeled automatic underwriting engine designed to allow lenders to create instant, conditional loan approvals for qualified borrowers. According to the company, Autopilot is now available...
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