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Hits and Misses for the Real Estate Week of March 11-15

Hits and Misses for the Real Estate Week of March 11-15

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected settlement, an unexpected resignation and the unexpected closing of 1,000 stores. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 11-15. Miss: NAR’s White Flag. The National Association of Realtors...
JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million

JLL Income Property Trust Acquires Oregon Apartment Community for $61 Million

by Phil Hall | Mar 15, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

JLL Income Property Trust (NASDAQ: ZIPTAX, ZIPTMX, ZIPIAX, ZIPIMX), announced its acquisition of Creekview Crossing, a class-A 183-unit apartment community in the suburban Portland market of Sherwood, Oregon. The purchase price was approximately $61 million and...
Mark Tribuna Named Chief Operations Officer at Arrive Home

Mark Tribuna Named Chief Operations Officer at Arrive Home

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Arrive Home, a Salt Lake City-based down payment assistance provider and operational entity for multiple governmental agencies, announced the appointment of Mark Tribuna as chief operations officer. Tribuna, who was previously chairman and CEO of Nation One Mortgage...
$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

$7,000 in Grants Awarded to Preserve Three Historic Chicago Sites

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Landmarks Illinois, a historic preservation-focused nonprofit organization, has awarded grants totaling $7,000 through the Timuel D. Black Jr. Grant Fund for Chicago’s South Side to preserve three historic sites. The Bronzeville Trail Task Force in the city’s...
Russians and Iranians Are Top Foreign Buyers in Turkish Housing Market

Russians and Iranians Are Top Foreign Buyers in Turkish Housing Market

by Phil Hall | Mar 15, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Russians and Iranians were the leading foreign nationals buying residential property in Turkey in February, according to the Turkish Statistical Institute (TÜİK). IranIntl.com reported that Russians accounted for 395 of all Turkish home sales last month, with Iranians...
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has agreed to a $418 million settlement that will resolve a series of lawsuits that challenged its rules on real estate broker commissions. The New York Times reported that it obtained a copy of the settlement, which will be...
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