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Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

Builders Commend Harris’ Housing Focus, If Not All of Her Proposals

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

The National Association of Home Builders (NAHB) offered cautious praise for Vice President Kamala Harris’ focus on the challenges facing housing affordability, expressing satisfaction that she is speaking about the subject but warning that some of her ideas would...
Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home

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

The controversy surrounding the last home where Marilyn Monroe lived took a new twist as the Los Angeles City Council voted to restrict tour buses from operating or traveling on streets near the property. According to a Westside Current report, the council’s 13-0 vote...
Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes

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

Rhode Island’s Affordable Housing Trust Fund is launching a $1 million pilot program to expand the availability of new income-restricted homes. According to the Providence Journal, the new “Turnkey Program” offers a direct subsidy to developers in exchange for an...
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

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

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

BurgerFi Mulls Bankruptcy, With 100 Eateries Facing Closure

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

BurgerFi International (NASDAQ:BFI), the parent company of BurgerFi and Anthony’s Coal Fired Pizza, acknowledged that it is undergoing “significant adverse developments” that could result in a bankruptcy filing and the shuttering of its eateries. The 102-unit...
Jesse Loader Achieves Ambassador Status at KIC Realty

Jesse Loader Achieves Ambassador Status at KIC Realty

by Phil Hall | Aug 19, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Calgary-headquartered KIC Realty announced Jesse Loader has become its first agent to achieve Ambassador status within the company. In a press statement, the company explained that the “Ambassador status at KIC Realty is awarded to agents who consistently demonstrate...
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