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Newmark Launches Data Center and Digital Infrastructure Practice Group

Newmark Launches Data Center and Digital Infrastructure Practice Group

by Phil Hall | Aug 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) has expanded its capital markets services with the launch of the Data Center and Digital Infrastructure practice group. In launching the new practice group, Newmark stated the data center market is expected to surpass the current...
 MetLife Closes New Single-Family Rental Fund With $390 Million

 MetLife Closes New Single-Family Rental Fund With $390 Million

by Phil Hall | Aug 16, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced the closure of its MetLife Single Family Rental Fund LP (SFR Fund) with $390 million in capital commitments. MIM’s single-family rental strategy is...
Scotiabank Now Offering First Home Savings Account for New Buyers

Scotiabank Now Offering First Home Savings Account for New Buyers

by Phil Hall | Aug 16, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-headquartered Scotiabank has launched a tax-free First Home Savings Account (FHSA) designed to help Canadians purchase their first home. According to Scotiabank, the FHSA enables lets first-time homebuyers contribute up to $8,000 each year, with a maximum...
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding

Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding

by Phil Hall | Aug 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Realtors Relief Foundation (RRF) has made available $1.5 million in disaster relief aid to Hawaii Realtors in support of the Realtors Association of Maui following the wildfires that destroyed communities on Maui. The funds will be made available to the public to...
Former Greek Orthodox Church Becomes Home for Indianapolis Opera

Former Greek Orthodox Church Becomes Home for Indianapolis Opera

by Phil Hall | Aug 15, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 60-year-old former church in Indianapolis has a new lease on life as the home of an opera company. According to a WISH-TV report, the former Holy Trinity Greek Orthodox Church has been renamed Basile Opera Center and has been realigned as the new permanent home of...
Builder Confidence Evaporates Amid Elevated Mortgage Rates

Builder Confidence Evaporates Amid Elevated Mortgage Rates

by Phil Hall | Aug 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After seven consecutive months of rising optimism, builder confidence dropped in August as mortgage rates neared the 7% mark. The National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) saw builder confidence in the market for...
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