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Consumer Confidence in Housing Market on the Rise

Consumer Confidence in Housing Market on the Rise

by Phil Hall | Nov 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Consumer confidence in the housing market rose to its highest level since February 2022, according to the latest data from the Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index. The October HPSI increased by 0.7 points to 74.6. The full index is up 9.7 points...
Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

Blackstone Acquires Retail Opportunities Investments Corp. for $4 Billion

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at...
70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

70,680 SF Industrial Property in New Jersey Sells for $20.9 Million

by Phil Hall | Nov 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dora’s Naturals, a distributor of natural and organic perishable products, has acquired a 70,680-square-foot industrial property in Moonachie, New Jersey, from KBC Advisors for $20.9 million. Built in 1985 on a 3.47-acre parcel, the property is accessible to Routes...
UK Prime Minister Starmer Revealed as Landlord for London Property

UK Prime Minister Starmer Revealed as Landlord for London Property

by Phil Hall | Nov 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sir Keir Starmer has a second job besides being the UK’s Prime Minister – he is also a London landlord. The Daily Express reported Starmer is renting his £2 million Camden townhouse since moving into the Prime Minister’s residence at 10 Downing Street. While the...
NY Attorney General Silent on Future of Trump Civil Fraud Case Appeal

NY Attorney General Silent on Future of Trump Civil Fraud Case Appeal

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

New York State Attorney General Letitia James offered a double-edged congratulations to President-Elect Donald Trump but remained silent on the future of Trump’s civil fraud case related to the valuations of his real estate assets that she prosecuted. In a press...
Home Sales and Listings Up in Southern Nevada

Home Sales and Listings Up in Southern Nevada

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Southern Nevada housing market recorded growing levels of home sales and new listings during October, according to data from Las Vegas Realtors. A total of 2,458 existing homes, condos and townhomes were sold in October, up 12.9% year-over-year for homes and up...
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