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Realtor.com Debuts AI Design Tool for Homeowners

Realtor.com Debuts AI Design Tool for Homeowners

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Realtor.com has unveiled Renovation Designer, a generative artificial intelligence (AI) design tool to provide users with visualizations of exterior and interior home renovations. According to the company, the new tool is powered by the residential 3D property data...
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

by Phil Hall | Sep 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The owner of the apartment complex in Aurora, Colorado, that was taken over by the Venezuelan Tren de Aragua criminal gang has agreed to sell the property in exchange for the city’s pledge to drop a lawsuit against the company. The Denver Gazette reported Nome...
Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million

Four-Property Commercial Portfolio in Connecticut Sells for $26.5 Million

by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A portfolio of four commercial properties in Connecticut were sold for $26.5 million. The properties, which are part of the Guilford Commons plaza located in the town of Guilford, include a 63,100-square-foot strip mall that sold for $13 million, a 48,700-square-foot...
Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million

Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million

by Phil Hall | Sep 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The residence that was the first commission for Frank Lloyd Wright as an independent architect has been listed for $1.985 million. Mansion Global reported The Winslow House, which the 26-year-old Wright designed in the Chicago suburb of River Forest, Illinois, was...
Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

Big Lots Declares Bankruptcy, Announces Sale to Nexus; Future of Stores Uncertain

by Phil Hall | Sep 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. (NYSE: BIG) has filed for Chapter 11 bankruptcy and announced the sale of its assets and business operations to an affiliate of Nexus Capital Management LP. Under the terms of the Sale Agreement, Nexus will serve as the...
Hits and Misses for the Real Estate Week of Sept. 2-6

Hits and Misses for the Real Estate Week of Sept. 2-6

by Phil Hall | Sep 6, 2024 | Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The multiple levels of illegal immigration’s effects on housing and a 1,700-page report on a deadly building fire are part of this week’s Hits and Misses. Miss: Saying It Ain’t So. Colorado officials owe the public a huge apology for their incompetent handling...
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