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Virtú Investments Acquires San Diego Multifamily Property

Virtú Investments Acquires San Diego Multifamily Property

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Virtú Investments, a multifamily real estate investment firm focuses on the western states, has acquired ALX, a 313-unit multifamily property in San Diego. The 19-story ALX was built in 2017 in the city’s Ballpark District neighborhood and also features 2,600 square...
Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits

Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits

by Phil Hall | Aug 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A former real estate agent in Australia was sentenced to four months in prison for misusing his clients’ homebuying deposits. News.com.au reported Justin Scavo, who was sole director of Revolve Real Estate, started withdrawing money from the trust accounts of four...
Guest Opinion: Another Approach to Solving the Affordable Housing Crisis

Guest Opinion: Another Approach to Solving the Affordable Housing Crisis

by David Hall | Aug 5, 2024 | Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

David Hall is president of Currie-Hall Investment Co., an industrial real estate brokerage and development firm based in Hudson, Ohio. Just when I thought the topic and discussions of providing affordable housing couldn’t get farther off the track, I read Sen....
Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

by Phil Hall | Aug 5, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in every five (17.3%) house hunters are willing to sacrifice their physical safety to find a home they can afford within the next year, according to a new survey of 3,000 homeowners and renters from Redfin (NASDAQ:RDFN). Among age demographics, nearly one...
New Forecast Predicts Pricing Increases for NYC Commercial Properties

New Forecast Predicts Pricing Increases for NYC Commercial Properties

by Phil Hall | Aug 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate investment firm KPG Funds has released a forecast predicting a significant increase in New York City’s commercial property values, with expectations of a 50% to 60% rise in pricing as interest rates decline. KPG Funds is projecting a pricing...
Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region

Brennan Investment Group Names Zane Smith as VP for Dallas-Fort Worth Region

by Phil Hall | Aug 5, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Brennan Investment Group, a Rosemont, Illinois-headquartered real estate investment firm focused on industrial properties, has hired Zane Smith as vice president for the Dallas-Fort Worth region. In his new role, Zane will be involved in sourcing and closing both new...
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