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Las Vegas Shopping Center Sells in Foreclosure Purchase for $24.7 Million

Las Vegas Shopping Center Sells in Foreclosure Purchase for $24.7 Million

by Phil Hall | Jul 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The private equity real estate investment firm Aspen Real Estate announced its $24.7 million foreclosure purchase of the Las Vegas-based Renaissance III, which it described as underperforming shopping center. Located two miles from the University of Nevada-Las Vegas,...
Fewer Zombie Foreclosures in Q2 Housing Market

Fewer Zombie Foreclosures in Q2 Housing Market

by Phil Hall | May 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.3 million U.S. residential properties were vacant in the second quarter of this year, according to new data from ATTOM. This represents about 1.3%, or one in 79 homes, the same level as the first quarter. ATTOM also found 237,208 residential properties are...
Lender Seizes Foreclosed San Jose Office Property

Lender Seizes Foreclosed San Jose Office Property

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bay Area’s shaky real estate market received another blow as a vacant San Jose office property was foreclosed and seized by its lender. According to a Mercury News report, The Evergreen Advantage seized the 78,200-square-foot property at 5729 Fontanoso Way through...
Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The granddaughter of Elvis Presley is seeking to halt a foreclosure auction of the legendary singer’s Graceland estate, claiming the sale is based on fraudulent paperwork. According to combined media sources, Danielle Riley Keough was granted a temporary restraining...
Brooklyn’s Tallest Building Going to Public Foreclosure Auction

Brooklyn’s Tallest Building Going to Public Foreclosure Auction

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The tallest building in Brooklyn is facing a public foreclosure auction after its developer defaulted on a mezzanine loan. According to a GlobeSt.com report, the property in question is the 93-story residential Brooklyn Tower, which was completed last year by JDS...
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