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Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive

Howard M. Lorber Abruptly Retires as Douglas Elliman’s Chief Executive

by Phil Hall | Oct 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Miami-headquartered Douglas Elliman Inc. (NYSE: DOUG) announced that Howard M. Lorber will retire from his position as president, CEO and chairman of the board. Douglas Elliman Board Director Michael Liebowitz has been appointed chairman and CEO. Liebowitz is...
New Partnership Places Zillow 3D Home Tours on Realtor.com

New Partnership Places Zillow 3D Home Tours on Realtor.com

by Phil Hall | Oct 23, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News

Zillow (NASDAQ: Z, ZG) and the News Corp (NASDAQ: NWSA) subsidiary Realtor.com announced an agreement where Zillow 3D Home tours, interactive floor plans and photos will be shared in listings syndicated to Realtor.com. This is the second agreement between the...
Thompson Thrift to Develop Arizona Retail Center

Thompson Thrift to Develop Arizona Retail Center

by Phil Hall | Oct 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate developer Thompson Thrift has purchased approximately 3.68 acres of land for the creation of South Tempe Square, a 27,119-square-foot retail center in Tempe, Arizona. According to the company, the center will consist of four buildings,...

Texas Median Home Sale Prices Hold Steady During Q3

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The statewide median home sale price in Texas was $340,000 during the third quarter, unchanged from one year earlier. According to data from Texas Realtors, the median home sales prices were up in 17 of the state’s metro areas and down in nine. Eagle Pass recorded the...
Maine Brokerage Joins eXp Realty

Maine Brokerage Joins eXp Realty

by Phil Hall | Oct 22, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced the addition of Steven Brackett and his team from Realty ONE Group – Compass of Maine, which brings in 36 top agents with over $128 million in sales across 338 units already closed this...
California Leads Nation with Commercial Foreclosures

California Leads Nation with Commercial Foreclosures

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 695 commercial foreclosures were recorded in September, with California leading the nation in this unwelcome activity. According to new data from ATTOM, last month’s commercial foreclosure figure is down from the peak of 752 recorded in May. ATTOM...
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