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Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio netted at least $35 million from his fraudulent scheme before being caught. Continue Reading Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio netted at least $35 million from his fraudulent scheme before being caught. Continue Reading Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Report: Chicago Property Taxes See Largest Hike in 30 Years
A new study released by the Cook County Treasurer’s Office has determined Chicago homeowners are facing the largest property tax jump in three decades. WLS reports the city’s predominantly Black and Hispanic communities will be hit the hardest with the property tax...
University of Arizona Snags $60 Million Deal for Stadium Naming Rights
The University of Arizona has signed a $60 million stadium naming rights deal with Casino Del Sol, creating a new record in Big 12 Conference history. SportsPro.com reports the naming rights partnership includes new exterior and interior branding, field logos and...
SIOR Inducts Officers for 2025-2026 Term
The Society of Industrial and Office Realtors (SIOR), the global commercial real estate organization for industrial and office brokers, inducted its 2025-2026 officers during its annual fall conference in Louisville, Kentucky. Saadia Sheikh, CEO and founder of the...
NEWS & CURRENT EVENTS
Q3 Home Prices Up in 77% of Metro Markets
Eight of the 10 most expensive markets were in California, led by the San Jose-Sunnyvale-Santa Clara metro at $1.9 million, up by 0.8% from one year earlier. Continue Reading Q3 Home Prices Up in 77% of Metro Markets
Commercial/Multifamily Borrowing Surged During Q3
Originations for office, retail, hotel, and multifamily properties fueled the year-over-year upswing. Continue Reading Commercial/Multifamily Borrowing Surged During Q3
Denver Broncos Submit Preliminary Plan for New Stadium
The team unveiled its plans for a new stadium in September, with the goal of having the facility opened in time for the 2031 NFL season. Continue Reading Denver Broncos Submit Preliminary Plan for New Stadium
David Saavedra Named CEO at the New Mexico Association of Realtors
He is the fourth CEO in two-and-a-half years. Continue Reading David Saavedra Named CEO at the New Mexico Association of Realtors
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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.
Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million
The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store. Continue Reading Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million
Dillard’s Buys Dallas-Area Mall for $34 Million
The 638,000-square-foot Longview Mall opened in 1978. Continue Reading Dillard’s Buys Dallas-Area Mall for $34 Million
New Home Sales Down 0.6% in July
The median sales price of new houses sold in July was $403,800, a 0.8% dip from June’s price of $407,200 and 5.9% below the July 2024 price of $429,000. Continue Reading New Home Sales Down 0.6% in July
Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing
An 18th century painting that was stolen by the Nazis from a Dutch Jewish art dealer and disappeared for decades has been spotted in an online real estate listing in Argentina. The Dutch newspaper AD reports “Portrait of a Lady” by the Italian painter Vittore...
Morgan Properties Acquires Dream Residential REIT for $354 Million
Following the conclusion of the acquisition, Dream Residential REIT will cease to be publicly traded. Continue Reading Morgan Properties Acquires Dream Residential REIT for $354 Million
St. Louis-Area Man Pleads Not Guilty for Conspiring to Steal 16 Homes and a Duplex
James L. Townes Jr. is accused of falsely claiming to be disabled. Continue Reading St. Louis-Area Man Pleads Not Guilty for Conspiring to Steal 16 Homes and a Duplex
New Website Offers Information for Households Moving to Texas
The site will offer advice on moving plus the cost of living, and cultural differences that are unique to Texas. Continue Reading New Website Offers Information for Households Moving to Texas
Trump Halts Work on Offshore Wind Project to Power 350,000 CT and RI Homes
The $1.5 billion was 80% completed at the time of Giacona’s letter, according to Orsted. Continue Reading Trump Halts Work on Offshore Wind Project to Power 350,000 CT and RI Homes
Lennar Debuts New San Diego-Area Master-Planned Community
Pricing at the community starts in the mid-$900,000s. Continue Reading Lennar Debuts New San Diego-Area Master-Planned Community
Hits and Misses for the Real Estate Week of Aug. 18-22
Cape Cod considers a mansion tax, Baltimore considers raising taxes on vacant lots, and a retail chain will not consider opening stores in California. Continue Reading Hits and Misses for the Real Estate Week of Aug. 18-22
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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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