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Developer Cancels Plans for Connecticut Biotech Park

Developer Cancels Plans for Connecticut Biotech Park

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The plans for a sprawling biotech park in Connecticut that were unveiled in April 2023 have been quietly canceled. Ryan Companies, a Minnesota-based developer, proposed the creation of 120-acre HealthTech Park on former farmland located along Interstate 95 outside of...
Multifamily Developer Confidence Down During Q1

Multifamily Developer Confidence Down During Q1

by Phil Hall | May 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Confidence in the market for new multifamily housing declined year-over-year in the first quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices: the...
California Records Mild Improvement in Housing Affordability

California Records Mild Improvement in Housing Affordability

by Phil Hall | May 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the California Association of Realtors (CAR) found that 17% of the state’s homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year. This up from 15% in the fourth quarter of 2023....
VanTrust Real Estate Completes Acquisition of Utah’s Salt Lake Lumber Building

VanTrust Real Estate Completes Acquisition of Utah’s Salt Lake Lumber Building

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

VanTrust Real Estate, a Kansas City-based, full-service real estate development company, has completed its purchase of Utah’s historic Salt Lake Lumber Building. The three-story, 26,997-square-foot brick building was built in 1909 and features exposed heavy timber,...
Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of Hollywood’s most iconic entertainment industry properties could soon be listed for sale if a major corporate acquisition is secured. Bloomberg reported the historic 65-acre Paramount Pictures studios facility would be sold if Sony Group Corp. (NYSE:SONY) and...
Nick Stonestreet Named President of Financial Services at DLP Capital

Nick Stonestreet Named President of Financial Services at DLP Capital

by Phil Hall | May 10, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

DLP Capital, a private real estate investment and financial services firm based in St. Augustine, Florida, has hired Nick Stonestreet as its new president of financial services. In his new role, Stonestreet will lead the funds team in broadening the scope and...
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