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Indiana Home Sales Up 12%

Indiana Home Sales Up 12%

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Indiana during April were up by 12% from March 6,924 and were a mere 12 closings below the level set one year ago, according to new data from the Indiana Association of Realtors (IAR), while new pending sales (7,937) finished 5% ahead of last year’s...
Shake Shack Expands Into Central America, Opening 12 Eateries in Panama

Shake Shack Expands Into Central America, Opening 12 Eateries in Panama

by Phil Hall | May 13, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The fast casual restaurant chain Shake Shack (NYSE: SHAK) is expanding into Central America through a partnership with Grupo Attie-Multifood Enterprises. The company announced it will enter this region with 12 eateries to open across Panama over the next 10 years,...
PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio

PROREIT Pays $96.5 Million for 6-Asset Industrial Property Portfolio

by Phil Hall | May 13, 2025 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Montreal-headquartered PRO Real Estate Investment Trust (PROREIT) (TSX: PRV.UN) has acquired a six-asset portfolio of Winnipeg industrial properties for $96.5 million from Parkit Enterprise Inc. (TSX.V: PKT). The portfolio encompasses 678,177 square feet of gross...
The Cheapest Metro Area for Buying a Home Is…

The Cheapest Metro Area for Buying a Home Is…

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Rust Belt and the South dominate the list of the 10 least expensive metros for buying a home, according to a new data report from Redfin (NASDAQ: RDFN). In a survey of the nation’s 91 most populous metro areas during March, Detroit topped the list with the lowest...
Homelessness Advocacy Groups Blast Newsom in Blaming Cities for Encampments

Homelessness Advocacy Groups Blast Newsom in Blaming Cities for Encampments

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Two prominent advocacy groups focused on homelessness has blasted California Gov. Gavin Newsom for blaming city and county governments for exacerbating the state’s elevated homeless population. Yesterday, Newsom issued a model ordinance for cities and counties to...
Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

Patel Real Estate Holdings Tokenizes Multifamily Properties on Chintai Blockchain

by Phil Hall | May 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tampa-headquartered Patel Real Estate Holdings announced the launch of an $100 million institutional fund on the Chintai blockchain platform. The Patel Real Estate Holdings Institutional Fund 2025 targets newer-vintage Class A multifamily properties in high-growth,...
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