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NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords

NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords

by Phil Hall | Nov 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York City Council passed a bill that will change the responsibility for broker fees from the renter tenant to the landlord. According to combined media reports, the legislation dubbed the Fairness in Apartment Rental Expenses (FARE) Act, requires landlords to...
4,000-Unit Net Zero Community Planned for Downtown San Jose

4,000-Unit Net Zero Community Planned for Downtown San Jose

by Phil Hall | Nov 13, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The real estate developer Westbank has teamed with Pacific Gas and Electric Company (PG&E) on a proposed net zero community that will be located in downtown San Jose. The project seeks to will develop three new data centers and upwards of 4,000 residential units....
Chicago Bears Consider Third Site for New $4.6 Billion Domed Stadium

Chicago Bears Consider Third Site for New $4.6 Billion Domed Stadium

by Phil Hall | Nov 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Chicago Bears are still trying to find a location for their proposed domed stadium and are now reportedly taking a second look at a site in Bronzeville, a predominantly Black community in the city. The Chicago Sun-Times cited unnamed sources in reporting the team...
Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

by Phil Hall | Nov 13, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is allocating $9 million to bring 1,500 internationally trained construction professionals into the country. Canada has a significant labor shortage in its construction industry, a problem that is exacerbating the nation’s housing crisis. The...
Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme

Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme

by Phil Hall | Nov 13, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Hawaiian residents are being warned against a new wave of real estate investment scams, including one that pretends to include actor Jason Momoa. Hawaii’s Department of Commerce and Consumer Affairs issued a warning that the scams involve letters that are designed to...
Mortgage Application Activity in Mild Uptick

Mortgage Application Activity in Mild Uptick

by Phil Hall | Nov 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity inched up for the week ending Nov. 8, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
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