The W. P. Carey Foundation announced its commitment of $25 million to expand the depth and scope of the real estate program at Arizona State University’s W. P. Carey School of Business. The foundation’s investment will be used the finance the launch of an...
A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
Hawaii Gov. Josh Green announced a $4 billion settlement resolving all tort claims arising from the Maui wildfires. According to a statement from the governor’s office, the seven defendants – the State of Hawaii, County of Maui, Hawaiian Electric, Kamehameha Schools,...
In a recent article on WRE News titled “Renter Population is Growing 3X Faster Than Homeowner Population,” I was drawn in by the alarming data. The number of US renter households in the second quarter grew by 1.9% year-over-year, according to a new data...
Politicians offering bizarre comments about housing, a major company shifting its headquarters out of California and a radioactive contaminated school for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 29-Aug. 2....
The typical home seller pays an average of 2.55% commission to the real estate agent hired by their home’s buyer, according to an analysis of MLS data by Redfin (NASDAQ:RDFN). That’s down from an average of 2.62% in January, two months before the National Association...
Hits and Misses for the Real Estate Week of May 4-8
