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Ex-Vancouver Mayor Tapped as Canada’s New Housing Minister

Ex-Vancouver Mayor Tapped as Canada’s New Housing Minister

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

Canadian Prime Minister Mark Carney has appointed Gregor Robertson as the nation’s new Minister of Housing and Infrastructure. Robertson became a Member of Parliament in last month’s election. He gained national prominence as mayor of Vancouver from 2008 to 2018....
A Phil Hall Op-Ed: The New Wave of Taxpayer-Funded Stadiums

A Phil Hall Op-Ed: The New Wave of Taxpayer-Funded Stadiums

by Phil Hall | May 13, 2025 | A Phil Hall Op-Ed, Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: On this day in 2024, I wrote an op-ed column titled “Stop Using Public Funds to Build Sports Stadiums.” Unfortunately, no one listened to me – in fact, it several cities opted to do the exact opposite of what I suggested. Last week, the Wall Street...
Mortgage Lender Lower Acquires Real Estate Portal Movoto

Mortgage Lender Lower Acquires Real Estate Portal Movoto

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

The mortgage lender Lower announced its acquisition of the real estate portal Movoto for an undisclosed sum. The Austin-based Movoto bills itself as the largest privately-owned residential real estate search website. The company was part of the Ojo Labs family of...
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...
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