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Hits and Misses for the Real Estate Week of June 24-28

Hits and Misses for the Real Estate Week of June 24-28

by Phil Hall | Jun 28, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A presidential debate that mostly ignored housing issues, a growing disenchantment with homeownership and an effort to repopulate the villages of rural Italy. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 24-28. Miss:...
Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026

Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026

by Phil Hall | Jun 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A prominent housing economist had declared the U.S. housing market is “stuck and we are not convinced it will become unstuck” until at least 2026 or even later. In an interview with CNN, Michael Gapen, head of U.S. economics at Bank of America (NYSE:BAC), insisted...
Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud

Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud

by Phil Hall | Jun 28, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) announced it is returning $2.1 million to investors who were defrauded in a real estate investment scheme that drained $33 million from its victims. In 2016, the BCSC found sisters Siu Mui “Debbie” Wong and Siu Kon...
Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments

Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments

by Phil Hall | Jun 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Supreme Court ruled that cities have the right to enforce bans on homeless people sleeping outdoors. The ruling was rooted in a ban on outdoor sleeping in public in Grants Pass, Oregon. A San Francisco-based appeals court decision determined that a municipal...
Marilyn Monroe’s Final Home Declared a Cultural Landmark

Marilyn Monroe’s Final Home Declared a Cultural Landmark

by Phil Hall | Jun 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Marilyn Monroe’s final home in the Brentwood section of Los Angeles is back in the news, with the Los Angeles City Council voting 12-0 to designate it with historical significance as a cultural landmark. Variety reported that while the new designation will not prevent...
Gildred Companies Roll Out Summer Internship Program

Gildred Companies Roll Out Summer Internship Program

by Phil Hall | Jun 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Gildred Companies, a San Diego-based commercial real estate developer and investment firm, has launched a new summer internship program. According to the company, the new program includes one position in accounting and one in property management, with the goal of...
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