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White House Drops Order to Pause Federal Grant and Loan Programs

White House Drops Order to Pause Federal Grant and Loan Programs

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration abruptly reversed course and rescinded its order to pause federal grants, loans and other financial-assistance programs. The Wall Street Journal reported the decision comes one day after a federal judge temporarily blocked the directive from...
Canadian Farm Goods Retailer Peavey Mart to Close All Stores

Canadian Farm Goods Retailer Peavey Mart to Close All Stores

by Phil Hall | Jan 29, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian farm goods store chain Peavey Mart announced it is closing all its locations. The Red Deer, Alberta-headquartered company recently closed 22 stores in Ontario and Nova Scotia. In a posting yesterday on social media, the company stated it “had sought and...
Bill Lublin Becomes 2025 President of the Pennsylvania Association of Realtors

Bill Lublin Becomes 2025 President of the Pennsylvania Association of Realtors

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Pennsylvania Association of Realtors (PAR) installed Bill Lublin as the organization’s 102nd president. Lublin is CEO of Century 21 Advantage Gold in Philadelphia and owner of Lublin Corporation Realtors, a property management firm. Lublin served on PAR’s board of...
Simon Property Group to Develop Luxury Shopping Center in Nashville Area

Simon Property Group to Develop Luxury Shopping Center in Nashville Area

by Phil Hall | Jan 29, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Indianapolis-headquartered Simon Property Group Inc. (NYSE: SPG) has acquired a large site that will be developed into a Nashville area luxury shopping and lifestyle destination known as Nashville Premium Outlets. The new 325,000 square foot mixed-use center will be...
Downtown Seattle Median Rent Up for First Time in 17 Months

Downtown Seattle Median Rent Up for First Time in 17 Months

by Phil Hall | Jan 29, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Apartment rents in Seattle’s downtown rose for the first time in 17 months in December, according to data from Redfin (NASDAQ: RDFN). The rent hike was a 2.5% year-over-year uptick to a median of $2,000. Seattle’s median rent seesawed over the past five years,...
Bank of Canada Announces New Rate Cut

Bank of Canada Announces New Rate Cut

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
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