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Project to Transform Ex-Convent Into Senior Housing Plagued by Vandalism

Project to Transform Ex-Convent Into Senior Housing Plagued by Vandalism

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A plan to transform a former convent and college campus in Syracuse, New York, into a low-income senior housing complex is being complicated by persistent vandalism at the property. Syracuse.com reported the former Sisters of St. Francis convent and Maria Regina...
Taiwan’s Commercial Property Transactions Up 2.8% During 2023

Taiwan’s Commercial Property Transactions Up 2.8% During 2023

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the repeated threats by Chinese President Xi Jinping to reunify his country with Taiwan continues to create political tensions across the Asia Pacific region, the tough talk out of Beijing is having no impact on Taiwan’s commercial property sector. According to...
Mortgage Rates End 2023 in a Downward Spiral

Mortgage Rates End 2023 in a Downward Spiral

by Phil Hall | Dec 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
Pending Home Sales Activity Remains Unchanged

Pending Home Sales Activity Remains Unchanged

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR). NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings...
Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

Apple Hospitality REIT Acquires Las Vegas Hotel for $75 Million

by Phil Hall | Dec 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Richmond, Virginia-based Apple Hospitality REIT Inc. (NYSE: APLE) announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, or $251,000 per key. The SpringHill Suites Las Vegas Convention center...
Clayton Completes Five Volunteer Home Rebuilding Projects

Clayton Completes Five Volunteer Home Rebuilding Projects

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Clayton, a national builder of single-family attainable housing, has partnered with the nonprofit Rebuilding Together to complete five projects this year. A total of 93 Clayton team members from three home building facilities in Sacramento, Albuquerque and Buckeye,...
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