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44.4% of Q1 Home Sales Included Seller Concessions

44.4% of Q1 Home Sales Included Seller Concessions

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

During the first quarter of this year, 44.4% of home sale transactions involved seller concessions to buyers, according to data from Redfin (NASDAQ:RDFN). That’s up from 39.3% in the first quarter of 2024 and shy of the 45.1% record set in the first quarter of 2023....
Faropoint Acquires Second California Industrial Property

Faropoint Acquires Second California Industrial Property

by Phil Hall | Apr 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Hoboken, New Jersey-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced the acquisition of a four-building, multi-tenant industrial portfolio in Ontario, California. Built in 2006 by Panattoni Development, the...
Historic NYC Office Property is Subject to UCC Foreclosure

Historic NYC Office Property is Subject to UCC Foreclosure

by Phil Hall | Apr 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Ocean West Capital Partners, a real estate investment, operations, and management platform headquartered in El Segundo, California, announced it has led a UCC foreclosure of 285 Madison Avenue, an office property in New York City. The 26-story, 511,000-square-foot...
NAR’s Historic Settlement Continues to Shift the Real Estate Industry

NAR’s Historic Settlement Continues to Shift the Real Estate Industry

by Rick Grant | Apr 21, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

There is no action without a reaction. That’s basic physics. This applies to all things, including government. The challenge for lawmakers, and those who enforce those laws, is that those reactions almost always include unintended consequences. These unintended events...
Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston

Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston

by Phil Hall | Apr 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Texas lawmakers have launched a bid for their state to become the new site of NASA’s headquarters. Space News reports the Texas congressional delegation sent a letter to President Trump recommending NASA headquarters be relocated from Washington, DC, to the Johnson...
72-Year-Old Idaho Man Sentenced for Embezzling Public Housing Authority

72-Year-Old Idaho Man Sentenced for Embezzling Public Housing Authority

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The former head of an Idaho public housing authority was sentenced to five years of probation for federal program theft after embezzling $129,022.38 from his agency. Bruce Hauber, 72, was employed as the executive director of the federally funded American Falls...
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