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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...
Construction Begins on 42-Unit Boston Affordable Housing Community

Construction Begins on 42-Unit Boston Affordable Housing Community

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

Construction has begun on a $32 million, 42-unit affordable housing community in the Dorchester section of Boston. Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Talbot Commons I encompasses 40 LIHTC units...
Bank of America to Open 150 New Financial Centers

Bank of America to Open 150 New Financial Centers

by Phil Hall | May 14, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Bank of America (NYSE: BAC) has announced plans to open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026. The Charlotte, North Carolina-headquartered bank also announced the recent opening of...
Grassroots Movement Seeks to Abolish Ohio’s Property Taxes

Grassroots Movement Seeks to Abolish Ohio’s Property Taxes

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

A grassroots initiative by Ohio homeowners is working to add a constitutional amendment to the November ballot that would abolish property taxes. News 5 Cleveland reports the Citizens for Property Tax Reform movement was formed by voters who were unhappy with what...
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