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Elon Musk’s SpaceX Sued for Trespassing on Neighboring Texas Property

Elon Musk’s SpaceX Sued for Trespassing on Neighboring Texas Property

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Elon Musk’s SpaceX is being sued for $15 million by the maker of the Cards Against Humanity party game for allegedly trespassing on and damaging the games company’s adjacent Texas property. The Wall Street Journal reported CAH acquired a tract of land along the...
Hits and Misses for the Real Estate Week of Sept. 9-13

Hits and Misses for the Real Estate Week of Sept. 9-13

by Phil Hall | Sep 13, 2024 | Current News & Events, Hits and Misses, International Real Estate News, Real Estate News, U.S. Housing Market, WRE News Exclusive

A near-silence on housing in the presidential debate, newly listed homes with sketchy histories and the sad demise of a funnyman’s restaurant chain. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Sept. 9-13. Miss: An...
Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity

Court Shuts Down El Paso Hotel Over Alleged Venezuelan Crime Gang Activity

by Phil Hall | Sep 12, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The historic Gateway Hotel in El Paso, Texas, has been temporarily closed by a state judge amid accusations that the property’s owner enabled the Venezuelan criminal gang Tren de Aragua to operate from its premises. The El Paso Times reported Judge Maria Salas-Mendoza...
Pending Condo Sales Down as Inventory Expands

Pending Condo Sales Down as Inventory Expands

by Phil Hall | Sep 4, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Worth Clark Realty Acquires Texas Brokerage

Worth Clark Realty Acquires Texas Brokerage

by Phil Hall | Aug 28, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Worth Clark Realty announced its acquisition of South Estates Realty, a brokerage based in the Dallas-Fort Worth area. South Estates Realty recorded $54 million in sales volume and 157 transactions in 2023. The financial terms of the deal were not disclosed, and the...
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