NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers

by Phil Hall | Nov 4, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership. According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and...

JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower

by Phil Hall | Nov 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what could be seen as a major endorsement of Florida’s beleaguered condo market, JLL’s Capital Markets announced it secured $565.35 million in construction financing for The Residences at 1428 Brickell, a 70-story luxury condo tower in Miami’s Brickell...

MCB Real Estate Makes New Acquisition Offer for Whitestone REIT

by Phil Hall | Nov 4, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MCB Real Estate, a Baltimore-headquartered commercial real estate developer and investment management firm, is renewing its’ attempts to acquire Houston-based Whitestone REIT (NYSE: WSR) by offering to purchase all the outstanding Whitestone shares for $15.20 per...

LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction

by Phil Hall | Nov 3, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Los Angeles mansion that was briefly the most US expensive home listed for sale is scheduled to be sold in a foreclosure auction. The Wall Street Journal reports the 8.5-acre Casa Encantada, which made headlines in 2023 with an audacious $250 million listing price,...

CMBS Delinquency Rate Surges to 7.46%

by Phil Hall | Nov 3, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 23 basis points in October to 7.46%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 5.98%, a difference of 148 basis points. Last month, the overall...