421-Unit Multifamily Community in NYC Suburb Sold to US-Japan Joint Venture for $237 Million

by Phil Hall | Jul 1, 2026 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment firm Kennedy Wilson has partnered with the Japanese firms Kenedix Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in the New York City suburb of West Harrison, New York, for $237 million. The Westchester...

Paige Pitcher Joins Federal Realty Investment Trust as SVP of Digital Innovation

by Phil Hall | Jul 1, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Federal Realty Investment Trust (NYSE:FRT), the North Bethesda, Maryland-based owner/operator and developer of retail-based properties, has hired Paige Pitcher for the newly created role of senior vice president of digital innovation. In her new job, Pitcher will...

New Data Reports Find Mixed Results in April Home Price Activity

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of newly published data reports offer mixed results on home price activity during April. The S&P Cotality Case-Shiller US National Home Price NSA Index, covering all nine U.S. census divisions, reported a 0.8% annual gain in April, up from a 0.7% rise in...

Luxury Home Prices Are Rising 3-Times Faster Than Non-Luxury Prices

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median luxury home sale price rose 4.7% year-over-year to $1.37 million during the three months ending May 31, according to a data report from Redfin. That surge is more than triple the 1.5% gain in non-luxury sale prices. Pending sales of luxury homes rose 5.2%...

NYC to Begin Contacting Luxury Property Owners for Mamdani’s New Pied-à-Terre Tax

by Phil Hall | Jun 30, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The administration of New York City Mayor Zohran Mamdani has disclosed how it plans to enforce its new so-called “pied-à-terre tax” on luxury second homes. The New York Post reports the city’s Department of Finance (DOF) will contact the owners of the targeted...