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Harbor Capital Acquires Houston-Area Industrial Property

Harbor Capital Acquires Houston-Area Industrial Property

by Phil Hall | Dec 20, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Harbor Capital, the Texas-focused industrial real estate investment firm, has acquired Humble Business Park, an industrial property in Humble, a Houston-area city. The 13 new industrial buildings at the property features spaces ranging from 5,625 to 48,750 square...
Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. has announced it will begin going out of business (GOB) sales at all its remaining stores. The company, which declared bankruptcy in September, issued a statement that declared it did not anticipate completing its asset purchase...
Existing Home Sales Up in November

Existing Home Sales Up in November

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales were on the rise in November, according to new data from the National Association of Realtors (NAR). Last month, total existing home sales were up 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November. On a...
Mortgage Rates Rise Ahead of Christmas

Mortgage Rates Rise Ahead of Christmas

by Phil Hall | Dec 19, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates shot up again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19, up from last week when it averaged 6.60%. A year ago at this time, it averaged 6.67%. The...
Florida Home Sales and Prices Decline

Florida Home Sales and Prices Decline

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes across Florida totaled 17,095 in November, down 3.5% year-over-year, while existing condo-townhouse sales in the Sunshine State totaled 6,002, down 15.6% year-over-year. According to data from Florida Realtors, the...
LRT Company Expands to Rhode Island with Senior Housing Development

LRT Company Expands to Rhode Island with Senior Housing Development

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

LRT Company, a Bluffton, South Carolina-headquartered development firm, has expanded into Rhode Island with its acquisition of 12.38 acres in the Providence suburb of Coventry, where it plans to develop Tiffany Laurel Reserve, a 204-unit senior housing campus. The...
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