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California’s Harvest Realty Joins The Real Brokerage

California’s Harvest Realty Joins The Real Brokerage

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) announced Harvest Realty, an independent brokerage serving Southern California, has joined its network. Founded by Chinese immigrants Christine Li and John Zhang in 2014, Harvest Realty brings 550 agents who specialize in serving...
S2 Capital Acquires Portfolio of 5 Multifamily Properties

S2 Capital Acquires Portfolio of 5 Multifamily Properties

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The multifamily investment management firm S2 Capital acquired a distressed multifamily portfolio consisting of five properties facing foreclosure in Dallas, Nashville, and Knoxville, Tennessee, encompassing 1,768 units. S2 invested $60 million of rescue capital in a...
UCLA Launches Master of Real Estate Development Program

UCLA Launches Master of Real Estate Development Program

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The University of California, Los Angeles (UCLA) has created a master of real estate development program (MRED). According to the school, the new one-year UCLA Luskin MRED will be housed in the Luskin School of Public Affairs’ urban planning department and will...
Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

by Phil Hall | Jan 8, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Roughly three-quarters (76%) of Canadians stating they were unlikely to purchase a new home in the coming year – up from 72% in the fourth quarter of 2023. According to Q4 2024 Consumer Pulse survey from TransUnion (NYSE: TRU) that polled 1,000 adults, 59% of...
Justice Department Sues Six Corporate Landlords for Algorithmic Pricing Scheme

Justice Department Sues Six Corporate Landlords for Algorithmic Pricing Scheme

by Phil Hall | Jan 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) and 10 state attorneys general filed an amended complaint in its antitrust lawsuit against the software company RealPage to sue six of the nation’s largest landlords for allegedly using algorithmic pricing schemes to inflate the...
Three Wildfires Scorch Los Angeles County; Tens of Thousands Evacuated

Three Wildfires Scorch Los Angeles County; Tens of Thousands Evacuated

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Three wildfires fueled by hurricane-force winds tore through Los Angeles County from Tuesday into Wednesday morning, forcing tens of thousands of residents were under mandatory evacuation orders. According to combined media reports, the fires were first reported at...
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