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Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
The development will have direct access to the beach and to the Red Sea. Continue Reading Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
The development will have direct access to the beach and to the Red Sea. Continue Reading Four Seasons to Create Luxury Residential Development at Saudi Resort of Shura Island
Single-Family Housing Starts and Permits Down in June
Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury
A Florida congresswoman has asked the Department of Justice (DOJ) to investigate whether perjury charges should be brought against Federal Reserve Chairman Jerome Powell in connection to the cost overruns on the renovations being undertaken at the central bank’s...
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions
A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
NEWS & CURRENT EVENTS
Nuveen Launches 1031 Real Estate Exchange Platform
The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program. Continue Reading Nuveen Launches 1031 Real Estate Exchange Platform
Report: Texans Lead the Nation for Buying Newly Constructed Homes
Texans were also ahead of the nation for buying multi-generational homes. Continue Reading Report: Texans Lead the Nation for Buying Newly Constructed Homes
DeSantis: No State Money for Building a New Tampa Bay Rays Stadium
“We are not taking your tax dollars to do any stadiums at the state level,” he said. Continue Reading DeSantis: No State Money for Building a New Tampa Bay Rays Stadium
Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Schumer declared without statistical evidence that Trump’s initiative would add between $1,800 to $2,800 to annual mortgage costs. Continue Reading Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Report: GSEs Planning Tougher Rules on Multifamily Lenders
Fannie Mae and Freddie Mac together owned or guaranteed nearly 40% of the $2.2 trillion in multifamily mortgage debt. Continue Reading Report: GSEs Planning Tougher Rules on Multifamily Lenders
Exuma Capital Partners Launches AI-Powered Platform Property.com
According to a statement from the company, Property.com “empowers homeowners to take control of their most significant investments with ease.” Continue Reading Exuma Capital Partners Launches AI-Powered Platform Property.com
WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
The new commitment expands the W. P. Carey Foundation’s gifting to the school to more than $100 million. Continue Reading WP Carey Foundation Commits $25 Million for Arizona State University’s Real Estate Program
Manhattan Office Building Sells in Auction at 97.5% Loss
The property was built in 1963 on the site of the 5,920-seat Roxy Theatre, which was once the world’s largest cinema. Continue Reading Manhattan Office Building Sells in Auction at 97.5% Loss
$4 Billion Settlement Reached in Maui Wildfires Devastation
“This global settlement of over $4 billion will help our people heal,” said Gov. Josh Green. Continue Reading $4 Billion Settlement Reached in Maui Wildfires Devastation
The Urgent Need to Deregulate Housing: John G. Stevens’ Perspective
In a recent article on WRE News titled "Renter Population is Growing 3X Faster Than Homeowner Population," I was drawn in by the alarming data. The number of US renter households in the second quarter grew by 1.9% year-over-year, according to a new data report from...
Hits and Misses for the Real Estate Week of July 29-Aug. 2
This week’s Hits and Misses include reckless political talk about housing, Chevron moving its headquarters to Texas and a contaminated school for sale. Continue Reading Hits and Misses for the Real Estate Week of July 29-Aug. 2
Report: Average Commission for Buyer’s Agent is 2.55%
In dollar terms, San Francisco had the highest average commission at $50,734. Continue Reading Report: Average Commission for Buyer’s Agent is 2.55%
Three Investors Plead Guilty in Real Estate Fraud Scheme
Each defendant faces a maximum penalty of five years in prison. Continue Reading Three Investors Plead Guilty in Real Estate Fraud Scheme
Massachusetts Governor Warns Steward Health Care on Hospital Closings
“I’ve been clear with Steward, they need to stay open for 120 days,” Healey said. Continue Reading Massachusetts Governor Warns Steward Health Care on Hospital Closings
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