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The Most Expensive Listing Just Got Discounted – to $195 Million

The Most Expensive Listing Just Got Discounted – to $195 Million

by Phil Hall | Nov 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The most expensive residential real estate listing just had its price slashed after five months on the market. According to a Barron’s report, the Bel Air, California-based Casa Encantada, which was listed for a record-high of $250 million in June, was...
La Rosa Holdings to Open First Texas Office in Houston

La Rosa Holdings to Open First Texas Office in Houston

by Phil Hall | Nov 17, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) has entered into an area development agreement with Yeimalis & Associates Financial Group that will result in company opening its first Texas-based office in Houston. This will be 36th office among La Rosa Holdings’ network of...
CBRE CEO Robert Sulentic Appointed Chairman of the Board

CBRE CEO Robert Sulentic Appointed Chairman of the Board

by Phil Hall | Nov 17, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group, Inc. (NYSE:CBRE) announced that its board of directors has appointed CEO Robert Sulentic to the additional role of chairman of the board, effective immediately. Sulentic has served as president and CEO of CBRE since December 2012. He succeeds Brandon Boze,...
Larry E. Thompson to Become FHLBNY Board Chairman

Larry E. Thompson to Become FHLBNY Board Chairman

by Phil Hall | Nov 17, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Home Loan Bank of New York (FHLBNY) announced the election of Larry E. Thompson as chairman of its board of directors. Thompson’s term as chairman will begin on Jan. 1, 2024, and run for two years. He is the former vice chairman of The Depository Trust...
EAH Housing to Develop Affordable Housing Complex in Maui

EAH Housing to Develop Affordable Housing Complex in Maui

by Phil Hall | Nov 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Hawaii Housing Finance and Development Corporation has selected EAH Housing, a nonprofit housing development and management organization, to develop the Kahului Civic Center Mixed-Use Complex in Maui. The project will include 303 affordable housing units in a mix...
RE/MAX: Home Sales Down While Inventory Grows

RE/MAX: Home Sales Down While Inventory Grows

by Phil Hall | Nov 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

October’s home sales were down 4.6% from September and down 8.7% from one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). Last month’s median sales price of $410,000 held steady from the prior month and was 2.8% above the October 2022 level. Homes sold...
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