Exclusive WRE News Articles
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Former Honeywell Executive Ken West Joins QXO as President and Chief Operating Officer
West will report to CEO Brad Jacobs and be responsible for QXO’s day-to-day operations. Continue Reading Former Honeywell Executive Ken West Joins QXO as President and Chief Operating Officer
Hits and Misses for the Real Estate Week of Aug. 17-21
A real estate fraudster being chased by the FBI, an ex-CEO trying to take over his former company, and the upcoming demolition of a historic site in sports betting. Continue Reading Hits and Misses for the Real Estate Week of Aug. 17-21
Virginia Home Sales Up, But at a Slower Pace
Sold dollar volume also increased, climbing to approximately $5.8 billion statewide. Continue Reading Virginia Home Sales Up, But at a Slower Pace
Additional Reading: Realtor Tools & Insights
Compass Hit with Antitrust Lawsuit by NYC Renters
The lawsuit said the company “is responsible for a conspiracy to monopolize and harm hardworking New Yorkers in the New York City-metro area.” Continue Reading Compass Hit with Antitrust Lawsuit by NYC Renters
The Town with the Most Expensive Housing Market Is…
Among the 10 priciest towns, Nantucket and Vineyard Haven were the only two east of the Mississippi River. Continue Reading The Town with the Most Expensive Housing Market Is…
More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region
Also on the rise was the median sold price in July – $450,999, up 2.5% year-over-year. Continue Reading More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region
Deed Theft Fraudster Convicted of Stealing 2 Harlem Brownstones Worth Nearly $5 Million
Joseph Makhani was found guilty of two counts of Criminal Possession of Stolen Property in the First Degree and one count of Scheme to Defraud in the First Degree. Continue Reading Deed Theft Fraudster Convicted of Stealing 2 Harlem Brownstones Worth Nearly $5 Million
Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
The Wall Street Journal reports the buyer was “a blond man dressed in black” who “declined to identify himself” the newspaper’s reporter. Continue Reading Casa Encantada, Historic LA Estate Mired in Foreclosure Battle, Sells at Auction for $130 Million
Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
Wright was commissioned by Seamour and Gertie Shavin to create the residence. Continue Reading Frank Lloyd Wright’s Only Tennessee Home Listed for First Time at $1.6 Million
CoStar Group Debuts Platform for French Commercial Real Estate Market
“France is one of the most important real estate markets in the world,” said Andy Florance, founder and CEO of CoStar Group. Continue Reading CoStar Group Debuts Platform for French Commercial Real Estate Market
PROREIT Acquires 2 Industrial Portfolios for $136.8 Million
The company added that more acquisitions are expected to occur during the third quarter. Continue Reading PROREIT Acquires 2 Industrial Portfolios for $136.8 Million
List Prices Record Steepest Annual Decline in 9 Years
“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” said Danielle Hale, chief economist at Realtor.com. Continue Reading List Prices Record Steepest Annual Decline in 9 Years
CMBS Delinquency Rate Drops by 20 Basis Points
Trepp attributed the drop to the lodging sector, which posted a 78 basis points decline to 5.22%. Continue Reading CMBS Delinquency Rate Drops by 20 Basis Points
Long Island Man Charged in $100K Real Estate Investment Scams
Arnulfo Castillo pleaded not guilty and was released to pretrial services. Continue Reading Long Island Man Charged in $100K Real Estate Investment Scams
Trump: FHFA’s Pulte to Serve as Acting Intelligence Chief for ‘A Month or Two Months or Something’
Jay Clayton, Trump’s pick to become the next DNI, will have a Senate hearing in two weeks. Continue Reading Trump: FHFA’s Pulte to Serve as Acting Intelligence Chief for ‘A Month or Two Months or Something’
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
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