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New Jersey Shopping Plaza Sells for $44 Million

New Jersey Shopping Plaza Sells for $44 Million

by Phil Hall | Apr 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hazlet Town Center, a 190,000-square-foot shopping plaza in Hazlet, New Jersey, has been sold for $44 million. Based along the Route 35 retail corridor, the property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. The sale did not include...
Finland Passes Law Banning Russians from Buying Real Estate

Finland Passes Law Banning Russians from Buying Real Estate

by Phil Hall | Apr 11, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The parliament of Finland voted unanimously on for a new law that bans Russian nationals from purchasing property in the country. The Finnish news site YLE reports the new law does not cite Russia specifically but prohibits real estate transactions involving...
Two Illinois MLSs Team on Data-Sharing Partnership

Two Illinois MLSs Team on Data-Sharing Partnership

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The two largest Illinois-focused multiple listing services – Midwest Real Estate Data (MRED) and RMLS Alliance – have announced a data-sharing partnership designed to benefit nearly 50,000 agents and brokers. The MLSs have begun working on technical integration, and...
Home Price Increases Slowed for the Third Consecutive Month

Home Price Increases Slowed for the Third Consecutive Month

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices were on the rise during in March, but the rate of price increases slowed for the third consecutive month. According to new data from Homes.com, a division of CoStar Group (NASDAQ: CSGP), year-over-year price increases totaled 2.2% in March, 2.7% in...
New Bipartisan Effort to Upgrade Affordable Housing Credit Program

New Bipartisan Effort to Upgrade Affordable Housing Credit Program

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bipartisan initiative in the US House of Representatives has reintroduced the Affordable Housing Credit Improvement Act, with the goal of financing the development of nearly 2 million affordable homes. The new version of the legislation seeks to increase the...
Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns

Airbnb’s SuperPAC Aims $5 Million at NYC Election Campaigns

by Phil Hall | Apr 11, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Three years after a New York City law created an unofficial block on short-term rentals, Airbnb (NASDAQ: ABNB) has launched a new effort to influence candidates in this year’s municipal elections with campaign donations. The Gothamist reports the company’s Affordable...
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