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Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

by Phil Hall | May 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadians have looked to the future and roughly one in four plan to buy investment property over the next five years. According to a new survey from Royal LePage, 11% of Canadians – approximately 4.4 million people – currently invest in residential real estate. Of...
Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M

Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M

by Phil Hall | May 24, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the most profitable examples of property flipping is about to take place in the “Billionaires’ Row” section of New York City. The Wall Street Journal, sourcing its coverage from “two people familiar with the situation,” reported that a 64th floor condominium at...
DCHFA Unveils Investor Relations Website

DCHFA Unveils Investor Relations Website

by Phil Hall | May 24, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The DC Housing Finance Agency (DCHFA), a financial intermediary and administrator of affordable housing programs for the District of Columbia, has partnered with BondLink, a cloud-based investor relations and debt management platform for the municipal bond market, to...
PacWest Sells Real Estate Lending Division

PacWest Sells Real Estate Lending Division

by Phil Hall | May 24, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

PacWest Bancorp (NASDAQ:PACW) sold its Civic Financial Services property lending division to the real estate financing firm Roc360 for an undisclosed amount. The sale, which was reported by the Wall Street Journal, is the second transaction this week involving PacWest...
Guest Opinion: What are Income-Producing Farms and How Do They Work?

Guest Opinion: What are Income-Producing Farms and How Do They Work?

by Dutch Mendenhall | May 24, 2023 | Commercial Real Estate News, Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Recent years have seen a surge in interest in alternative asset classes for investment, as many investors shy away from the volatility of the stock market in search of other forms of investing that offer better — and perhaps safer — returns. Many alternative...
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