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Better Going Public Via SPAC Merger

Better Going Public Via SPAC Merger

by Phil Hall | Aug 14, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Better HoldCo Inc., the parent company of Better Mortgage, is merging with Aurora Acquisition Corp. (NASDAQ: AURC, AURCU, AURCW), a publicly traded special purpose acquisition company (SPAC). The company had first announced the plan to merge with Aurora in May 2021,...
Steve Case Donates $1 Million to Maui Rebuilding Campaign

Steve Case Donates $1 Million to Maui Rebuilding Campaign

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Steve Case, the Hawaiian-born AOL co-founder and Revolution LLC CEO, has announced he is making a $1 million contribution to support communities affected by the wildfires on Maui. Case’s donation is being made by the Grove Farm Foundation, the philanthropic arm of his...
At Least 93 Dead, More Than 2,700 Properties Destroyed in Maui Wildfires

At Least 93 Dead, More Than 2,700 Properties Destroyed in Maui Wildfires

by Phil Hall | Aug 13, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Government officials are estimating that wildfires in Lahaina on the Hawaiian island of Maui killed at least 93 people and destroyed more than 2,700 properties. According to combined media reports, an updated damage assessment issued on Saturday by the Pacific...
Hits and Misses for the Real Estate Week of Aug. 7-11

Hits and Misses for the Real Estate Week of Aug. 7-11

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing designed to stress your budget, a municipal fine against Elon Musk that is not stressing his wallet and a Chinese property developer who is stressing investors. From the wild and woolly world of real estate, here are the hits and misses for this week....
Malibu Rehab Center That Treated Lindsay Lohan and Charlie Sheen Listed for Sale at $19.9 Million

Malibu Rehab Center That Treated Lindsay Lohan and Charlie Sheen Listed for Sale at $19.9 Million

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Malibu, California-based site of a former rehabilitation center that received international attention for treating celebrities dealing with addiction, exhaustion and other self-induced health issues has been listed for sale at $19.9 million. PopCrush.com reported...
Redfin: 1 in 10 Homes are Worth $1 Million or More

Redfin: 1 in 10 Homes are Worth $1 Million or More

by Phil Hall | Aug 11, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in 10 U.S. homes are worth $1 million or more, according to new data from Redfin (NASDAQ:RDFN). “The supply shortage is making many listings feel hot,” said Redfin Economics Research Lead Chen Zhao. “In most of the country, expensive properties that are in...
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