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Full-Floor NYC Condo Sells for Nearly $62 Million

Full-Floor NYC Condo Sells for Nearly $62 Million

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

A full-floor condominium apartment on New York City’s Fifth Avenue has sold for $61.58 million. The Wall Street Journal reported the unit on the 24th floor of Aman New York, formerly the Crown Building, encompasses 6,300 square feet. The unit was originally prices at...
Fairway Independent Mortgage to Shut Down Wholesale Division

Fairway Independent Mortgage to Shut Down Wholesale Division

by Phil Hall | Feb 5, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Madison, Wisconsin-based Fairway Independent Mortgage Corp. announced it will be closing its wholesale division. The final lock date on new loans is scheduled for Feb. 9 and the last day to submit new loans is Feb. 16, with brokered loans required to be closed by...
Survey Finds Rampant Fraud in Rental Housing Applications

Survey Finds Rampant Fraud in Rental Housing Applications

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

A new survey of rental housing providers conducted by the National Multifamily Housing Council (NMHC) found that nearly all respondents (93.3%) have been on the receiving end of fraudulent applications over the last 12 months. The NMHC survey found 84.3% of...
Rocket Homes App Now on Apple Vision Pro

Rocket Homes App Now on Apple Vision Pro

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

Rocket Homes Real Estate LLC, a tech-based real estate service division of Rocket Companies (NYSE: RKT), announced its app is now available on Apple Vision Pro, the new spatial computer. According to the Detroit-based company, when the Rocket Homes app launches in...
CBRE Acquires J&J Worldwide Services for $800 Million

CBRE Acquires J&J Worldwide Services for $800 Million

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

CBRE Group Inc. (NYSE:CBRE) is paying $800 million in cash to acquire J&J Worldwide Services, a provider of engineering services, base support operations and facilities maintenance for the U.S. federal government, from Arlington Capital Partners, a Washington,...
JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

JLL to Market NYC’s Roosevelt Hotel After the Migrants Leave

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

New York City’s Roosevelt Hotel, a historic venue that establishment that is now housing serving as the centralized intake center for the waves of illegal immigrants being brought into the city, will have a new life as a mixed-use project after the city’s lease on the...
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