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Pittsburgh-Area Mall Sells for $34 Million

Pittsburgh-Area Mall Sells for $34 Million

by Phil Hall | Feb 3, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

CBL Properties (NYSE:CBL) has sold the Pittsburgh-area of Monroeville Mall and Annex in for $34 million in an all-cash transaction with an unnamed buyer. The Monroeville, Pennsylvania-based mall opened in 1969 with 1.15 million square feet of space and was renovated...
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is more to homeownership than mortgage costs – indeed, a new data study published by Clever Real Estate determined the typical homeowner spends an average of $24,529 per year – or $2,044 per month – on housing expenses in addition to their mortgage. This is up...
Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The newly sworn-in Treasury Secretary Scott Bessent is making himself as home in Washington, DC, at a historic mansion that he acquired for $12.5 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the deal,” the property in...
Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China

Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A former senior advisor for the Federal Reserve Board of Governors was arrested and indicted on charges that he conspired to steal Federal Reserve trade secrets on behalf of the Chinese government. John Harold Rogers was accused of making false statements to the...
Daniel Figurski Names Chief Appraiser at SingleSource Property Solutions

Daniel Figurski Names Chief Appraiser at SingleSource Property Solutions

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

SingleSource Property Solutions, a Canonsburg, Pennsylvania-based provider of residential property services, has hired Daniel Figurski as chief appraiser. In his new job, Figurski will be tasked with expanding the company’s valuation services to help home lenders,...
Trump Fires CFPB Director Rohit Chopra

Trump Fires CFPB Director Rohit Chopra

by Phil Hall | Feb 1, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump has fired Rohit Chopra from his position as director of the Consumer Financial Protection Bureau. Chopra, a political ally of Sen. Elizabeth Warren, was appointed to run the CFPB by President Biden in 2021. But unlike other Biden appointees, he opted...
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