Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year

by Phil Hall | Oct 31, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A mere 28 out of every 1,000 homes changed hands this year, which covers 2.77% of the national housing inventory. That is down slightly from last year’s 2.78% share, and it is the lowest turnover rate in at least 30 years. According to a data report from Redfin, the...

The Shops at Laguna, California Shopping Center, Sells for $19.1 Million

by Phil Hall | Oct 31, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Shops at Laguna Reserve, a 33,308-square-foot, fully leased shopping center in Elk Grove, California, has sold for $19.1 million. The property encompasses four parcels totaling 4.16 acres. Six pad buildings were constructed in 2005, and the center is shadow...

Fed to Reduce Staff in Banking Supervision Group by 30%

by Phil Hall | Oct 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Federal Reserve is enacting a 30% staff reduction in its division focused on banking supervision. The job cuts were detailed in an internal memo viewed by The Wall Street Journal – the Federal Reserve has not made any public statement on its layoffs, which would...

Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments

by Phil Hall | Oct 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The speaker of Florida’s House of Representatives fired back at comments made by Gov. Ron DeSantis over the legislature’s multiple proposals for property tax relief. The Tallahassee Democrat reports House Speaker Daniel Perez, a Republican, took umbrage over DeSantis’...

Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project

by Phil Hall | Oct 31, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate development firm Related Companies has been hired to construct a $7 billion data center outside of Detroit for the Stargate project venture between OpenAI and Oracle (NYSE: ORCL). The Wall Street Journal reports Related’s 250-acre campus in Saline...