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Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million

Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sterling Organization, a private equity retail real estate investment firm based in West Palm Beach, Florida, has acquired Rossmoor Shopping Center, a 118,846-square-foot shopping center in Walnut Creek, California, for $61.1 million. Located in the San Francisco Bay...
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment

Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ: RDFN) has found one in five (20%) prospective homebuyers are expecting to sell stocks to help fund their next down payment. Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down...
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Port of Seattle has filed an appeal in King County Superior Court to overturn the Seattle City Council’s decision to permit residential development in the industrial area surrounding the deepwater port. In a statement, the Port said the rezoning “appears that...
California Company Settles Charges of Predatory Practices and Unlawful Contracts

California Company Settles Charges of Predatory Practices and Unlawful Contracts

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

California Attorney General Rob Bonta announced a settlement with Oakland-based HomeOptions and its CEO Kevin Li that resolves charges of a predatory real estate scheme impacting over 500 homeowners. According to Bonta’s office, HomeOptions lured financially...
Start-Up to Offer Continuing Education and Training for Mortgage Professionals

Start-Up to Offer Continuing Education and Training for Mortgage Professionals

by Phil Hall | Apr 8, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Next Level Education, a start-up company focused on continuing education and training for the mortgage industry, has opened for business. Co-founded by longtime mortgage industry professionals JR Huber and Debbie Gadberry, the new company will offer four types of...
Trump World Tower Seeks to Foreclose on Afghanistan’s UN Mission Over Unpaid Condo Fees

Trump World Tower Seeks to Foreclose on Afghanistan’s UN Mission Over Unpaid Condo Fees

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The condo board at New York City’s Trump World Tower is seeking to foreclose on a $4.2 million unit owned by the Permanent Mission of Afghanistan to the United Nations. According to combined media reports, Afghanistan purchased its unit in Trump World Tower in 2009....
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