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Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Insured industry losses to onshore property for Hurricane Milton could range from $30 billion to $50 billion, according to a forecast from the Extreme Event Solutions group at Verisk (NASDAQ: VRSK). The new forecast noted the back-to-back impact of Hurricane Helene...
Dolby Theatre, Longtime Venue for Academy Awards Show, is Sold

Dolby Theatre, Longtime Venue for Academy Awards Show, is Sold

by Phil Hall | Oct 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Los Angeles’ Dolby Theatre, the longtime home of the Academy Awards ceremony, was sold to an investment group led by producer Elie Samaha. According to Hollywood Reporter coverage, Samaha’s JEBS Hollywood Entertainment LLC acquired both the 180,000-sq-ft Dolby Theatre...
Mortage Application Activity and Credit Availability in Decline

Mortage Application Activity and Credit Availability in Decline

by Phil Hall | Oct 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed down for the week ending Oct. 11, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and...
A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?

A Phil Hall Op-Ed: What’s Next for NAR’s Clear Cooperation Policy?

by Phil Hall | Oct 15, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Dark clouds have formed around the National Association of Realtors’ (NAR) Clear Cooperation Policy, with many prominent figures within the real estate industry calling for it to be jettisoned. However, it seems like an equal number of prominent...
Spirit Halloween to Test Christmas Season Pop-Up Stores

Spirit Halloween to Test Christmas Season Pop-Up Stores

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Spirit Halloween is seeking to expand its pop-up retail operations beyond Oct. 31 with a pilot program offering new Spirit Christmas pop-up stores. Bisnow.com reports the company is planning to operate 10 Spirit Christmas stores in the Northeast with four...
True Value Files for Bankruptcy, Sells Business to Hardware Rival

True Value Files for Bankruptcy, Sells Business to Hardware Rival

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

True Value Company LLC announced that it filed for bankruptcy and will sell its business operations to home improvement industry peer Do it Best Corp. The company will continue its day-to-day operations serving 4,500 independently owned retailers, and none of the...
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