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Study: One-Third of Property Managers Offer Concessions on Rental Housing

Study: One-Third of Property Managers Offer Concessions on Rental Housing

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study from Zillow Group (NASDAQ: Z, ZG) found 33.2% of rental listings on the Zillow platform offer concessions such as free weeks of rent or free parking as an incentive to attractive prospective tenants. This is up slightly from 33% in June and 25.4% one year...
M&T Bank Appoints Lopa Kolluri as Head of Affordable Housing Lending

M&T Bank Appoints Lopa Kolluri as Head of Affordable Housing Lending

by Phil Hall | Aug 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Buffalo, New York-headquartered M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as head of affordable housing lending. In her new role, Kolluri will be based in the bank’s New York City office and will be responsible for the development, oversight, and day-to-day...
New Study Names Massachusetts as the Best State to Live In

New Study Names Massachusetts as the Best State to Live In

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at WalletHub are back with yet another list, this time with the 2024 edition of The Best States to Live In. For this study, WalletHub compared the 50 states across five key dimensions: housing affordability, the state economy, education and...
$35 Million Listing Breaks Illinois Record

$35 Million Listing Breaks Illinois Record

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 20,000-square-foot limestone mansion on Lake Michigan has broken the record for the most expensive home listing in Illinois. The Wall Street Journal reported the seven-bedroom residence in the Chicago suburb of Winnetka is on the market for $35 million. The 2.3-acre...
Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter

Marriott Sues NYC Franchisee for Turning Hotel into Illegal Immigrant Shelter

by Phil Hall | Aug 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Marriott International Inc. (NASDAQ:MAR) has filed a $2.6 million lawsuit against one of its New York City-based franchisees for allegedly breaching its contract by turning the hotel into a shelter for illegal immigrants. According to a Gothamist report, the 18-story,...
Disney Unveils Slate of Projects to Expand Attractions and Lands at Theme Parks

Disney Unveils Slate of Projects to Expand Attractions and Lands at Theme Parks

by Phil Hall | Aug 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Less than a week after reporting weaker than expected returns from its theme parks, the Walt Disney Co. (NYSE:DIS) unveiled what it promoted as “an unprecedented slate of projects including new attractions, lands, and more” designed to bolster the strategy of using...
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