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Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

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

Habitat for Humanity Canada announced the appointment of Pedro Barata as president and CEO effective June 24. Barata is currently executive director of the Future Skills Centre, where he led the launch of more than 200 innovation pilots in every region and sector in...
Mortgage Demand Down 2.7%

Mortgage Demand Down 2.7%

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

Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023

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

Total commercial real estate mortgage borrowing and lending during 2023 was estimated to have totaled $429 billion, according to data from the Mortgage Bankers Association (MBA). Last year’s total was down 47% from the $816 billion in 2022 and down 52% from the record...
Madison Group to Build Master-Planned Community in Midtown Toronto

Madison Group to Build Master-Planned Community in Midtown Toronto

by Phil Hall | Apr 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Madison Group, the Toronto-headquartered real estate development company, announced its latest project will be a master-planned community in Toronto’s Midtown. The new project will encompass two individual properties, with two towers at 90-110 Eglinton Ave. East and...
Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency

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

Jackson, Mississippi-headquartered Trustmark National Bank announced the sale of its subsidiary Fisher Brown Bottrell Insurance Inc. (FBBInsurance) to Marsh & McLennan Agency LLC for $345 million in cash. In connection with the sale, current leadership and...
Matt Parisi Joins Industry Real Estate Partners as Vice President

Matt Parisi Joins Industry Real Estate Partners as Vice President

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

Industry Real Estate Partners, an Atlanta-headquartered commercial real estate services firm, has hired Matt Parisi as vice president. In his new job Parisi will focus on helping investors, developers, and corporations buy, sell, and lease office properties across the...
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