New Forecast Points to Increased Multifamily Rent Growth

by Phil Hall | Aug 12, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national multifamily vacancy level is predicted to increase to 8.2% by the end of this year before easing to 8.1% at the end of 2027, according to a new forecast by Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP). Stabilized vacancy is...

Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston

by Phil Hall | Aug 12, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The pharmaceutical giant Bristol Myers Squibb (NYSE: BMY) has chosen Houston as the site for a new $2.3 billion manufacturing campus. The new 600,000-square-foot campus will be modular and multi-modal. Its modular design will enable the company to add and reconfigure...

Former NYC Developer Joshua Schuster Sentenced for Defrauding Investors

by Phil Hall | Aug 12, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Joshua Schuster, a former New York City real estate developer, was sentenced to four years in prison for his role in a scheme to defraud investors in large real estate development projects. According to the charges brought against him, between 2018 and 2022 Schuster...

Maine Home Sales Surged in July

by Phil Hall | Aug 12, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Maine housing market heated up in July with 1,697 homes sold during the month, a 7.75% surge from one year earlier. “Active home sale listings exceeded 6,200 for the first time since December 2019, resulting in the eighth best July since the year 2000,” said Judy...

Mortgage Application Activity Perks Up

by Phil Hall | Aug 12, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity trended higher during the week ending Aug. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.6% on a seasonally adjusted basis...