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Saudi Arabia to Allow Property Ownership by Foreigners

Saudi Arabia to Allow Property Ownership by Foreigners

by Phil Hall | Jul 11, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The government of Saudi Arabia has enacted a new law permitting non-Saudis to own property in certain markets across the kingdom. The new law, which goes into effect in January 2026. According to a report in Construction Business News, non-Saudis will be able to...
Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging

Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging

by Phil Hall | Jul 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Tim Leiweke has stepped down as CEO of Oak View Group, a Denver-headquartered professional sports and commercial real estate company, following a federal indictment that accused him of rigging a bid to build and manage the Moody Center Arena at the University of Texas...
HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals

HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals

by Phil Hall | Jul 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD), in partnership with the Office of Management and Budget, announced the Biden-era Property Appraisal and Valuation Equity (PAVE) task force that was created to eliminate bias in home appraisals. In a statement...
White House Increases Attack on Powell, Claiming Mismanagement of Fed HQ Renovations

White House Increases Attack on Powell, Claiming Mismanagement of Fed HQ Renovations

by Phil Hall | Jul 11, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration has ratcheted up its attacks on Federal Reserve Chairman Jerome Powell, with Office of Management and Budget Director Russ Vought taking the lead with accusations that Powell is trying to create a “palace” with the ongoing renovations at the...
Del Webb Breaks Ground on 55+ Community in Austin Suburb

Del Webb Breaks Ground on 55+ Community in Austin Suburb

by Phil Hall | Jul 11, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Del Webb, a PulteGroup Inc. (NYSE: PHM) brand, has broken ground on a new 55+ community in the Austin suburb of Bastrop, Texas. Del Webb Lost Pines will be located within The Colony, a master-planned community. The first phase of construction will...
Historic Masonic Temple in Oakland Listed for Sale

Historic Masonic Temple in Oakland Listed for Sale

by Phil Hall | Jul 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic Masonic temple in Oakland, California, is being marketed for the first time since its opening in 1927. The Scottish Rite Temple is an 85,000-square-foot building spanning four levels and multiple spaces. Based on a 1.46-acre parcel, the site features...
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