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Groundbreaking for New 342-Unit Multifamily Community in Las Vegas

Groundbreaking for New 342-Unit Multifamily Community in Las Vegas

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two real estate development firms, The NRP Group and Rockefeller Group, have announced the groundbreaking for Silverado, a Class-A, 342-unit apartment community in Las Vegas. The new property is located in the Enterprise submarket near the Southern Highlands...
How the Grinch Sells Real Estate

How the Grinch Sells Real Estate

by Phil Hall | Dec 13, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A London real estate brokerage is calling attention to its listings by featuring the Grinch in its property photographs. The New York Post reports Legacy Property Consultants is standing out from their competitors with property photographs that include one of their...
VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings. The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake...
Chicago Mayor Postpones Budget Vote Over Opposition to Property Tax Hike

Chicago Mayor Postpones Budget Vote Over Opposition to Property Tax Hike

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson abruptly called off today’s City Council vote on his 2025 budget after failing to secure support for his latest property tax proposal. According to combined media reports, the mayor’s original proposal of enacting a $300 million property...
Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Neighborhood Ventures, an Arizona-based real estate crowdfunding company, is acquiring Venture on Colter, a distressed 123-unit multifamily property in Central Phoenix. The property, formerly known as Thom Slate on Colter, is being purchased directly from the lender...
Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
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