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UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage

UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage

by Phil Hall | Feb 13, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

UK Prime Minister Keir Starmer has pledged to create the nation’s “largest housebuilding program” since the post-World War II era with the proposed construction of up to 12 new towns and the potential for 10,000 or more homes. According to combined media...
Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing

Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing

by Phil Hall | Feb 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nevada Gov. Joe Lombardo is seeking a resolution from the state legislature to encourage the release of federal land for housing development. In a letter to Senate Majority Leader Nicole Cannizzaro and Assembly Speaker Steve Yeager, both Democrats, the Republican...
Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion

Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion

by Phil Hall | Feb 13, 2025 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ukraine recorded its first land purchase by a Western private fund since the Russian invasion in 2022. The Odessa News reports the Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv from Secure Property Investment and Development, a...
Redfin to Lay Off 450 Employees Following Partnership with Zillow

Redfin to Lay Off 450 Employees Following Partnership with Zillow

by Phil Hall | Feb 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Redfin (NASDAQ: RDFN) is planning to cut 450 employees following its new rental listings partnership with Zillow (NASDAQ: Z, ZG). The Seattle-based company did not release a press statement on the layoffs but instead buried the news in a filing with the Securities and...
Craft Retailer Jo-Ann Plans to Close 500 Stores

Craft Retailer Jo-Ann Plans to Close 500 Stores

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
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