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Justin Timberlake Sells 127-Acre Tennessee Property at Discount

Justin Timberlake Sells 127-Acre Tennessee Property at Discount

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Justin Timberlake has said “Bye Bye Bye” to his nearly 127-acre property outside of Nashville, selling the land at a discounted price. Mansion Global reported the singer/actor sold the property for $8 million, down from his $10 million asking price when it was listed...
Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

by Phil Hall | Jun 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis by Redfin (NASDAQ:RDFN) has determined only 39% of renters are earning enough to afford the median-priced apartment. During May, the $1,653 median apartment asking rent in May was $47 below its record high. According to the new data analysis, the...
Treasury Department Rolls Out New Initiative to Increase Housing Affordability

Treasury Department Rolls Out New Initiative to Increase Housing Affordability

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of the Treasury has announced a new effort to boost housing affordability. According to a press statement from the Treasury, the new initiative will include the launch of a program administered by the CDFI Fund to provide an additional $100 million...
Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77

Joe Jaeger, New Orleans Hotelier and Developer, Dies at 77

by Phil Hall | Jun 24, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Joe Jaeger, a prominent developer and hotelier in New Orleans, passed away at the age of 77 on June 23 from injuries sustained from a car crash last week. According to combined media reports, Jaeger would often describe himself as “just a plumber from the Ninth...
Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans

Home Depot Foundation Grants $9M to Provide Housing for Homeless Veterans

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Home Depot (NYSE:HD) announced that its philanthropic Home Depot Foundation has granted $9 million to provide housing for over 3,400 veterans dealing with homelessness. According to the U.S. Department of Housing and Urban Development, an average of 35,000 veterans...
CBRE to Combine Project Management Business with Turner & Townsend Subsidiary

CBRE to Combine Project Management Business with Turner & Townsend Subsidiary

by Phil Hall | Jun 24, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate brokerage and investment firm CBRE Group, Inc. (NYSE:CBRE) announced plans to combine its Project Management business with Turner & Townsend, its majority-owned subsidiary that provides program management, cost consultancy and project...
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