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Report: Vermont Needs to Create 7,000 Homes Per Year to Keep Up with Housing Demand

Report: Vermont Needs to Create 7,000 Homes Per Year to Keep Up with Housing Demand

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report is warning that Vermont needs to create 7,000 new homes each year for the next 25 years to keep up with the demand for housing, for a total goal of 172,000 new units by 2050. “We have got to pick up the pace,” said Commissioner Alex Farrell of...
IBM Expands NYC Office Space by 92,663 Square Feet

IBM Expands NYC Office Space by 92,663 Square Feet

by Phil Hall | Jan 27, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

SL Green Realty Corp. (NYSE: SLG) has signed a 92,663-square-foot expansion lease with IBM (NYSE: IBM) at One Madison Avenue at New York City, increasing the tech giant’s total footprint at the property to 362,092 square feet. The 15-year lease covers the entire...
Christie’s International Real Estate Expands Mexican Presence

Christie’s International Real Estate Expands Mexican Presence

by Phil Hall | Jan 27, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate has expanded its presence into the Mexican Caribbean and Yucatan Peninsula through a new agreement with the local brokerage firm Mexico Real Estate Group. The brokerage firm will serve the states of Quintana Roo and Yucatan,...
Civil Lawsuit Alleging Sexual Assault by the Alexander Brothers is Dismissed

Civil Lawsuit Alleging Sexual Assault by the Alexander Brothers is Dismissed

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A federal judge dismissed a woman’s civil lawsuit claiming by three brothers of a prominent real estate industry family, stating she did not meet a filing deadline. The New York Times reports Judge Lewis A. Kaplan of Federal District Court in Manhattan ruled the claim...
New Home Sales Up in December

New Home Sales Up in December

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in December were at a seasonally adjusted annual rate of 698,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 3.6% above the revised November rate of 674,000 and is...
Report: Trump Team Having Difficulty Securing a New CFPB Director

Report: Trump Team Having Difficulty Securing a New CFPB Director

by Phil Hall | Jan 27, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new report has stated the continued presence of Biden administration-appointee and Sen. Elizabeth Warren ally Rohit Chopra as the director of Consumer Financial Protection Bureau (CFPB) is due to the inability of the Trump administration to find someone to take over...
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