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Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022, across an average of roughly 11 projects. According to the 2023 State of Home Spending report published by Angi (NASDAQ:ANGI),...
Chris Hipps Named Texas Managing Principal for Cushman & Wakefield

Chris Hipps Named Texas Managing Principal for Cushman & Wakefield

by Phil Hall | Dec 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Cushman & Wakefield (NYSE:CW) appointed Chris Hipps as Texas managing principal. Hipps will start on Jan. 2 and will be based in Dallas. He will be responsible for leading Cushman & Wakefield’s advisory professionals across Texas as the firm further expands in...
Ashcroft Capital Adds South Florida Community to its Portfolio

Ashcroft Capital Adds South Florida Community to its Portfolio

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ashcroft Capital, a New York City-based multifamily investment firm, has acquired Elliot Cocoplum, a garden-style community located midway between Boca Raton and Fort Lauderdale in Florida. Birchstone Residential, Ashcroft Capital’s in-house property management...
Axos Closes Purchase of Two Loan Portfolios from the FDIC

Axos Closes Purchase of Two Loan Portfolios from the FDIC

by Phil Hall | Dec 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas-baed Axos Financial Inc. (NYSE: AX) announced that its wholly-owned subsidiary Axos Bank has completed the acquisition of two performing commercial real estate loan portfolios from the Federal Deposit Insurance Corp. (FDIC) at a purchase price equal to...
Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta

Off-Duty NYPD Officers Stop Arsonist Trying to Torch Martin Luther King Jr. Home in Atlanta

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A pair of off-duty New York City police officers helped to stop a would-be arsonist from setting fire to the Atlanta birth home of Rev. Dr. Martin Luther King Jr. According to combined media reports, a woman poured gasoline over the house’s front porch and bushes, but...
New Bill Would Ban Hedge Funds from Owning Single-Family Homes

New Bill Would Ban Hedge Funds from Owning Single-Family Homes

by Phil Hall | Dec 7, 2023 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

New legislation introduced by Democrats in both chambers of Congress seeks to prevent hedge funds from purchasing single-family homes. The End Hedge Fund Control of American Homes Act of 2023 was presented in the House by Rep. Adam Smith (D-WA) and in the Senate by...
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