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Foreclosure Activity Continues to Rise

Foreclosure Activity Continues to Rise

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 36,033 residential properties had foreclosure filings during April, up by a slight 0.4% from the prior month and up by a more substantial 13.9% from one year ago. According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in...
Nora Creedon Named CEO at Starwood Real Estate Income Trust

Nora Creedon Named CEO at Starwood Real Estate Income Trust

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Starwood Real Estate Income Trust Inc. (SREIT), a non-listed REIT managed by Starwood Capital Group, has hired Nora Creedon as its new CEO, effective July 28. She will succeed Sean Harris who is stepping down to pursue other opportunities. Creedon joins SREIT after 18...
Bastyr University Plans to Sell Seattle-Area Campus

Bastyr University Plans to Sell Seattle-Area Campus

by Phil Hall | May 15, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The board of trustees at Bastyr University has approved a resolution to list its campus in Kenmore, Washington, for sale. The campus encompasses over 50 acres and is based 10 miles from downtown Seattle on the northeast shore of Lake Washington inside Saint Edward...
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut

by Phil Hall | May 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Frank Lloyd Wright-designed residence in Kalamazoo, Michigan, was sold after nearly one year and a $1 million cut to its listing price. Realtor.com reports the Usonian-style property known as the Robert D. and Winifred L. Winn House was first listed in June 2024 for...
Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion

Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion

by Phil Hall | May 15, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The sports retail submarket is experiencing a major shift as Dick’s Sporting Goods Inc. (NYSE: DKS) announced its $2.4 billion acquisition of Foot Locker Inc. (NYSE: FL). Dick’s expects to operate Foot Locker as a standalone business unit within its portfolio and...
Study: Abandoned Residential Properties Could be Worth Over $150 Billion

Study: Abandoned Residential Properties Could be Worth Over $150 Billion

by Phil Hall | May 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Abandoned residential properties may collectively be worth over $150 billion, according to a new study by the data provider PropertyChecker. The study observed there are roughly 15 million vacant homes across the US, with over 6.2 million of these properties being...
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