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Lessee of Former Trump Hotel in DC Defaults on Loan

Lessee of Former Trump Hotel in DC Defaults on Loan

by Phil Hall | Feb 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CGI Merchant Group, the Miami-based investor that acquired the lease of The Trump International Hotel in Washington, D.C., in 2022 for $375 million, has defaulted on a $285 million loan related to the property. According to a Wall Street Journal report sourced from...
Pineapple Financial Offers AI-Generated Websites for Canadian Mortgage Brokers

Pineapple Financial Offers AI-Generated Websites for Canadian Mortgage Brokers

by Phil Hall | Feb 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Pineapple Financial Inc. (NYSE American: PAPL) has unveiled Maui – My Artificial User Intelligence – which is being promoted as the first custom artificial intelligence (AI)-generated websites for Canadian mortgage brokers. According to the company, Maui...
Global Bathroom Sink Market Predicted to Reach $2.14 Billion by 2027

Global Bathroom Sink Market Predicted to Reach $2.14 Billion by 2027

by Phil Hall | Feb 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

There’s money to be found in bathroom sinks, according to a new study by Technavio that forecasts the market for this product sector will increase by $2.14 billion from 2022 to 2027, at a CAGR of 4.3%. The sector’s growth is attributed to an increase in renovation...
Hits and Misses for the Real Estate Week of Feb. 19-23

Hits and Misses for the Real Estate Week of Feb. 19-23

by Phil Hall | Feb 23, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 19-23. Hit: The Voice of the Industry? Real estate...
Wisconsin Home Sales Up 7.4% in January

Wisconsin Home Sales Up 7.4% in January

by Phil Hall | Feb 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wisconsin existing home sales in January were up by 7.4% compared to their January 2023 levels, according to new data from the Wisconsin Realtors Association. Wisconsin recorded 3,3436 home sales last month, compared to 3,200 in January 2023. This marked the first...
The Agency Expands with Offices in Jamaica, Nova Scotia and Oklahoma

The Agency Expands with Offices in Jamaica, Nova Scotia and Oklahoma

by Phil Hall | Feb 23, 2024 | Industry Updates, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Los Angeles-headquartered real estate brokerage The Agency has opened new offices in the Caribbean, Canada and Oklahoma. The company launched The Agency Jamaica, is the firm’s first office in Jamaica. Industry veterans Matthew ‘Taff’ Stevenson,...
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