Current News & Events
Clarion Partners Expands into Senior Housing Sector
The financial aspects of the deal were not disclosed. Continue Reading Clarion Partners Expands into Senior Housing Sector
Chicago Bears Seek $855 Million in Public Funding for Infrastructure Projects Around New Stadium
The Bears initially insisted they would pay for the stadium itself, with team president Kevin Warren claiming the new stadium would “require zero state money for construction.” Continue Reading Chicago Bears Seek $855 Million in Public Funding for Infrastructure Projects Around New Stadium
IBM Global Real Estate Director Participates
Source: Illinois News Today --- In a major industry move, IBM’s Asia Pacific Global Real Estate Director Krishnaswamy Nagarajan has joined Table Space Technologies, a leader in integrated workspace solutions. Krishna’s onboarding as Chief Operating Officer is part of...
Veteran Real Estate Broker Charts Kaua‘i’s Housing Endgame, One Way Out
Source: Hawaii Public Radio --- The average price of a home on Kaua‘i has gone up more than 40% in the past year. That’s according to Locations Hawaii who also says the average selling price in May was nearly $2.4 million. As for securing affordable housing for local...
Is Alexandria’s Real Estate Market Slowing Down?
Source: Alexandria Living --- You may have heard that the real estate market is slowing down a bit — but is it, really? "It was still crazy — don't get me wrong — but it wasn't significantly crazier" than past months, according to Bethany Stalder of Fidelis Property...
Basketball Great Kevin Garnett Sells Malibu Mansion For $16 Million
Source: Forbes --- NBA great Kevin Garnett has sold his unfinished mansion in Malibu for $16 million. At the center of the 7-acre ocean-view compound is an 11,000-square-foot home in the process of being built. A gated driveway circles the entire property and leads...
For Greenville real estate agents, closing the deal begins with managing client expectations
Source: Post and Courier --- It’s like riding a roller coaster, but the kind that can leave you emotionally drained rather than energized and excited. Purchasing a home in the Greenville market can mean dozens of potential buyers pursing one new listing, a sale price...
Many military families, caught in a housing crunch, are suffering this PCS season
Source: Military Times --- Service members and their families across the country are feeling the sting of the hot housing market as they move to new duty stations. Many are paying out of pocket for longer stays in temporary lodging, waiting longer for on-base housing...
Single-Family Rental Growth Rate in U.S. Doubles Annually in April
Source: The World Property Journal --- CoreLogic's latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020. While rent growth dipped significantly last April...
7 in 10 Home Buyers Still Face Bidding Wars in U.S.
Source: The World Property Journal --- National property broker Redfin is reporting that in May 2021 over 70% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April 2021. That's still up significantly from 52.7% in May...
Existing home sales fall again despite gain in for-sale inventory
Source: MPA --- Existing-home sales, weighed down by rising prices and low inventory, fell for the fourth consecutive month in May. According to the National Association of Realtors, total existing-home sales were down 0.9% to an annual pace of 5.80 million – the...
Lumber prices plummet as sawmills crank up output, easing inflation fears
Source: Chicago Tribune --- From sawmills to store shelves to your own hammer swings, lumber can tell you a lot about what is going on in the economy right now. Lumber prices soared over the last year, frustrating would-be pandemic do-it-yourselfers, jacking up the...
