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Firm Named for Redevelopment of Historic Bronx Armory

Firm Named for Redevelopment of Historic Bronx Armory

by Phil Hall | Jan 8, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

8th Regiment Partners, a joint venture of Maddd Equities and Joy Construction, was selected to redevelop and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx, New York, and one of the largest armory buildings in the world. According to...
Mortgage Application Activity Starts 2025 in Decline

Mortgage Application Activity Starts 2025 in Decline

by Phil Hall | Jan 8, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Fewer mortgage applications were being processed for the week ending Jan. 3, according to data from the Mortgage Bankers Association (MBA); the week’s results included an adjustment for the New Year’s holiday. The Market Composite Index, the MBA’s measure of mortgage...
California’s Harvest Realty Joins The Real Brokerage

California’s Harvest Realty Joins The Real Brokerage

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) announced Harvest Realty, an independent brokerage serving Southern California, has joined its network. Founded by Chinese immigrants Christine Li and John Zhang in 2014, Harvest Realty brings 550 agents who specialize in serving...
S2 Capital Acquires Portfolio of 5 Multifamily Properties

S2 Capital Acquires Portfolio of 5 Multifamily Properties

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The multifamily investment management firm S2 Capital acquired a distressed multifamily portfolio consisting of five properties facing foreclosure in Dallas, Nashville, and Knoxville, Tennessee, encompassing 1,768 units. S2 invested $60 million of rescue capital in a...
UCLA Launches Master of Real Estate Development Program

UCLA Launches Master of Real Estate Development Program

by Phil Hall | Jan 8, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The University of California, Los Angeles (UCLA) has created a master of real estate development program (MRED). According to the school, the new one-year UCLA Luskin MRED will be housed in the Luskin School of Public Affairs’ urban planning department and will...
Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

Survey: Three-Quarters of Canadians Say They Were Not Likely to Buy a Home This Year

by Phil Hall | Jan 8, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Roughly three-quarters (76%) of Canadians stating they were unlikely to purchase a new home in the coming year – up from 72% in the fourth quarter of 2023. According to Q4 2024 Consumer Pulse survey from TransUnion (NYSE: TRU) that polled 1,000 adults, 59% of...
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