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New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
Maine Home Sales Rise as Prices Ease
A total of 1,582 single-family existing homes were sold during September in Maine, a 5.12% increase from the 1,505 transactions that occurred one year earlier. According to data from the Maine Association of Realtors, the median sales price during September was...
Report: Proposed Wisconsin Data Center to Reap Considerable Property Tax Breaks
An $8 billion Vantage data center planned for Port Washington, Wisconsin, could enjoy more than $450 million in local property tax breaks plus an exemption from state sales taxes. The Center Square reports the proposed facility is estimated to be valued at over $2.1...
Saudi Arabia Plans Soccer Stadium Built Atop Skyscraper
Do you recall the TV sitcom “The Jeffersons” with a family that was “moving on up to a deluxe apartment in the sky”? Well, the Saudi Arabian organizers of the 2034 World Cup are going one better – they’re moving on up to a deluxe soccer stadium in the sky. AS USA...
NEWS & CURRENT EVENTS
6 Indictments Announced in Deed Theft of $1 Million Harlem Brownstone
“During a time when housing is scarce, I will not stand for fraudsters coming to Harlem to try and perpetrate these pernicious schemes,” said Manhattan District Attorney Alvin Bragg. Continue Reading 6 Indictments Announced in Deed Theft of $1 Million Harlem Brownstone
Coalition of San Francisco Community Groups and Unions Urge Boycott of Airbnb
The coalition said their boycott was “motivated by Airbnb’s ties to President Trump’s anti-worker agenda.” Continue Reading Coalition of San Francisco Community Groups and Unions Urge Boycott of Airbnb
Clark County Commissioners Give OK for $2 Billion Las Vegas A’s Stadium
The commissioners in Nevada’s Clark County have unanimously voted their approval of the $2 billion Las Vegas baseball stadium for the Athletics franchise. SportsPro.com reports the county’ approval clears the process that will enable the team to access up to $380...
Mortgage Credit Availability Edged Up in September
“Mortgage credit availability increased to its highest level in four months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Edged Up in September
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
GSEs Rebrand and Expand Common Securitization Solutions as US Fin Tech
“We created US Fin Tech to demonstrate the incredible ingenuity of American technology under President Trump’s leadership,” said FHFA’s Bill Pulte. Continue Reading GSEs Rebrand and Expand Common Securitization Solutions as US Fin Tech
Trepp Launches Training Program for Commercial Real Estate Professionals
“This initiative reflects Trepp’s commitment to supporting lifelong learning and strengthening the CRE talent pipeline,” said CEO Annemarie DiCola. Continue Reading Trepp Launches Training Program for Commercial Real Estate Professionals
OFA Group Signs LOI to Acquire Majority Stake in Aspire Homes Realty
The financial aspects of the deal were not disclosed. Continue Reading OFA Group Signs LOI to Acquire Majority Stake in Aspire Homes Realty
Why is a Rhode Island Property Tax Being Named After Taylor Swift?
Swift has not been seen in Rhode Island since last August when she hosted a celebrity-filled party at her property. Continue Reading Why is a Rhode Island Property Tax Being Named After Taylor Swift?
FHFA’s Pulte Says Would-Be Freddie Mac Bomber is Still Contacting Him
Lozano was fired from her job prior to Pulte’s confirmation as FHFA director. Continue Reading FHFA’s Pulte Says Would-Be Freddie Mac Bomber is Still Contacting Him
City Ventures Debuts New LA-Area Townhome Community
Pricing begins in the $500,000s. Continue Reading City Ventures Debuts New LA-Area Townhome Community
Kennedy Wilson Acquires 2 Apartment Communities for $166 Million
The fund invested $61 million of equity in these transactions. Continue Reading Kennedy Wilson Acquires 2 Apartment Communities for $166 Million
Blackstone Pays $2 Billion for CRE Loans from Atlantic Union
Blackstone has acquired $20 billion of CRE loan portfolios in the last 24 months. Continue Reading Blackstone Pays $2 Billion for CRE Loans from Atlantic Union
Virginia Home Sales Remain Flat While Prices Continue to Rise
Virginia’s median sales price was $440,000 in May, up $15,000 since last year, reflecting a 3.5% increase. Continue Reading Virginia Home Sales Remain Flat While Prices Continue to Rise
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.77% as of June 26. Continue Reading Mortgage Rates Decline Again
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