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New Supportive Housing Community Opens in Los Angeles

New Supportive Housing Community Opens in Los Angeles

by Phil Hall | Jan 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Linc Housing, a nonprofit developer of affordable and supportive housing, partnered with officials from Los Angeles County, the City of Los Angeles and new residents to celebrate the recent completion of SagePointe, a 56-home supportive housing community in the...
Hits and Misses for the Real Estate Week of Dec. 25-29

Hits and Misses for the Real Estate Week of Dec. 25-29

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An acute lack of affordable homeownership opportunities, another lawsuit challenging broker commissions and a Frank Lloyd Wright-designed house that changed hands for the first time since 1955. From the wild and wooly world of real estate, here are the hits and misses...
Rocket Companies Adds CEO Varun Krishna to Board of Directors

Rocket Companies Adds CEO Varun Krishna to Board of Directors

by Phil Hall | Dec 29, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-based Rocket Companies Inc. (NYSE:RKT) announced the expansion of its board of directors from seven to eight with the addition of CEO Varun Krishna to serve as a Class III director. Krishna’s directorship became effective on Dec. 21 for a term expiring at the...
New Study Ranks the Best Reverse Mortgage Companies

New Study Ranks the Best Reverse Mortgage Companies

by Phil Hall | Dec 29, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Money magazine is welcoming the new year with its review “Best Reverse Mortgage Companies of January 2024,” with five companies cited for different strengths that set them apart. Longbridge Financial was praised as “Best for Low Interest Rates,” with Money...
Level of Homebuyer Relocation at 18-Month Low

Level of Homebuyer Relocation at 18-Month Low

by Phil Hall | Dec 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers looking to move to a different metro area declined for the third straight month in November, according to new data from Redfin (NASDAQ:RDFN). The 23.9% share recorded last month is down from 24.1% one year ago, which is both the lowest share in...
Los Angeles’ Aon Center Sold for $153.5 Million

Los Angeles’ Aon Center Sold for $153.5 Million

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced that it arranged the $153.5 million sale of Aon Center, a 62-story trophy Class A office tower located in the Los Angeles’ Financial District. The property was acquired by Carolwood Equities while the seller was undisclosed....
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