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Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
The Empire Theater opened in 1925 and permanently closed in February 2021. Continue Reading Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
The Empire Theater opened in 1925 and permanently closed in February 2021. Continue Reading Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
MBA Chief Supports Trump Executive Order on AI
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit commended President Trump’s executive order that blocks states from creating their own regulations around artificial intelligence (AI) while seeking to create national regulatory framework for the...
Las Vegas Realtors President Refuses to Resign After Board Calls for Him to Step Down
The president of the Las Vegas Realtors is refusing to resign after the organization’s board of directors voted to demand he step down. The Las Vegas Review-Journal, sourcing its coverage from unnamed “multiple sources,” reports the board voted 6-5 last week to call...
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
NEWS & CURRENT EVENTS
Report: Trump to Profit from Proposed NYC Casino
The Gaming Commission estimated the new casinos could generate $7 billion in gambling revenues for the state from 2027 to 2036. Continue Reading Report: Trump to Profit from Proposed NYC Casino
New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
More Than Two-Thirds of EU Households are Homeowners
Germany was the only EU country where tenants (53% of the population) were in greater numbers than homeowners. Continue Reading More Than Two-Thirds of EU Households are Homeowners
CMBS Delinquency Rate Down for November
November marked only fourth time this year that the overall CMBS delinquency rate decreased. Continue Reading CMBS Delinquency Rate Down for November
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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.
Housing Supply Drops to 2-Year Low
Redfin attributed the decline to sellers responding to sluggish homebuyer activity, with sales far below pre-pandemic levels. Continue Reading Housing Supply Drops to 2-Year Low
Compass Acquires Anywhere Real Estate for $1.6 Billion in All-Stock Transaction
This transaction will bring together approximately 340,000 real estate professionals globally onto a shared network operating in every major US city and approximately 120 countries and territories. Continue Reading Compass Acquires Anywhere Real Estate for $1.6 Billion in All-Stock Transaction
Peachtree Group Recruits Billy Gilchrist as SVP of Originations
In his new role, Gilchrist will be responsible for originating commercial real estate and hotel investments across Peachtree’s lending platform. Continue Reading Peachtree Group Recruits Billy Gilchrist as SVP of Originations
Stellar MLS in Data Access Pact with Miami Association of Realtors
. The collaboration between Florida’s two largest MLSs will expand listing visibility across Miami, Tampa, and Orlando. Continue Reading Stellar MLS in Data Access Pact with Miami Association of Realtors
Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
The five-acre site will stretch from 38th to 41st Streets on First Avenue, just south of the United Nations headquarters complex Continue Reading Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
Chinese EB-5 Investors File Fraud Lawsuit Tied to Northern Marianas Casino-Resort Project
The Northern Marianas is a US commonwealth in the Western Pacific Ocean, north of Guam and roughly 3,800 miles west of Hawaii. Continue Reading Chinese EB-5 Investors File Fraud Lawsuit Tied to Northern Marianas Casino-Resort Project
Report: US Attorney Plans to Resign Under Trump Pressure for Not Bringing Mortgage Fraud Charges Against Letitia James
When a reporter asked if he would fire Siebert, Trump answered, “Yeah, I want him out.” Continue Reading Report: US Attorney Plans to Resign Under Trump Pressure for Not Bringing Mortgage Fraud Charges Against Letitia James
Hits and Misses for the Real Estate Week of Sept. 15-18
Curious new legislation to encourage affordable housing, Treasury Secretary Bessent’s unlikely sense of humor, and Robert Redford’s impact on Utah real estate. Continue Reading Hits and Misses for the Real Estate Week of Sept. 15-18
Report: Colorado’s Housing Shortfall is Narrowing
To prevent the shortfall from growing, the report recommended the creation of approximately 34,100 new homes per year over the next decade. Continue Reading Report: Colorado’s Housing Shortfall is Narrowing
Ex-NASA Manager and Husband Plead Guilty in Mortgage Fraud Case
Khan and Mayberry face up to five years in federal prison and a possible $250,000 maximum fine in addition to the possible forfeiture of their luxury home. Continue Reading Ex-NASA Manager and Husband Plead Guilty in Mortgage Fraud Case
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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