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Three Multifamily Properties Adjacent to Utah Governor’s Mansion to be Demolished

Three Multifamily Properties Adjacent to Utah Governor’s Mansion to be Demolished

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three multifamily properties adjacent to the Utah Governor’s Mansion in Salt Lake City are scheduled to be demolished as part of a plan to improve security around the governor’s residence. Building Salt Lake reports the Utah Division of Facilities Construction filed a...
Dynamic City Capital Expands into Luxury Spa Resort Market

Dynamic City Capital Expands into Luxury Spa Resort Market

by Phil Hall | Apr 23, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Dynamic City Capital (DCC), a Utah-based real estate investment firm specializing in premium-branded hotels, has acquired The Wilde Resort and Spa in Sedona, Arizona. The acquisition marks DCC’s expansion into the luxury spa resort market. The property features...
242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) announced the sale of The Liberty, a 242-unit multifamily property in the Minneapolis suburb of Golden Valley, Minnesota, for $59.5 million. Completed in 2017, The Liberty has 55 townhomes and...
CAPREIT Acquires 2 Apartment Communities in Maryland

CAPREIT Acquires 2 Apartment Communities in Maryland

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CAPREIT has acquired two apartment communities in Waldorf, Maryland, featuring a combined 360 homes. The workforce-housing communities, the 152-unit Palmer Apartments and 208-unit Smallwood Gardens, are adjacent to one another. The financial aspects of the purchase...
New Home Sales Up 7.4%

New Home Sales Up 7.4%

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
CRMLS Rejects NAR’s Delayed Marketing Policy

CRMLS Rejects NAR’s Delayed Marketing Policy

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Regional MLS (CRMLS) is rejecting the National Association of Realtors’ (NAR) newly enacted Multiple Listing Options for Sellers policy. NAR’s policy created a category of exempt listings called “delayed marketing exempt listings” that will allow a seller...
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