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Rent2Cash Closes on $3.25 Million Pre-Seed Round

Rent2Cash Closes on $3.25 Million Pre-Seed Round

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Rent2Cash, an Italian start-up that offers up to three years in “rental advance” services to landlords, announced its closing on a €3 million (roughly $3.25 million) pre-seed round and the launch of its operations in Italy. Rent2Cash offers upfront payouts of up to...
Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

Redfin: Only 39% of Renters Can Afford a Median-Priced Apartment

by Phil Hall | Jun 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis by Redfin (NASDAQ:RDFN) has determined only 39% of renters are earning enough to afford the median-priced apartment. During May, the $1,653 median apartment asking rent in May was $47 below its record high. According to the new data analysis, the...
One-Third of Americans Cite Housing Costs as Their Greatest Financial Worry

One-Third of Americans Cite Housing Costs as Their Greatest Financial Worry

by Phil Hall | Sep 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly one-third of Americans are citing housing costs as the economic issue that worries them the most, according to a new Quinnipiac University poll. In a survey of 1,910 adults polled between Sept. 7-11, roughly half of respondents (49%) said the price of gas and...

Smaller Businesses Continue to Struggle with Rent Payments

by Phil Hall | Aug 4, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

More than half of small and midsized businesses (SMBs) are dealing with rent increases, according to the latest Small Business Rent report published by Alignable. In a survey of 4,601 randomly selected SMB owners polled from July 2-27, 55% of respondents said coping...
Elon Musk Blamed for Goldman Sachs’ CRE Woes

Elon Musk Blamed for Goldman Sachs’ CRE Woes

by Phil Hall | Jun 12, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk is being blamed for screwing up Goldman Sachs’ (NYSE:GS) first quarter results for refusing to pay rent on his Twitter offices. The Financial Times reported the financial institution was burdened by a spike in commercial real estate loan delinquencies during...
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