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Owner of Trump’s Former DC Hotel Loses Rights to Property

Owner of Trump’s Former DC Hotel Loses Rights to Property

by Phil Hall | Aug 6, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The investment firm that acquired the Washington, D.C., hotel formerly operated by former President Donald Trump’s company has lost the property in a foreclosure auction two years after buying it for $375 million. The Wall Street Journal reported Miami-based CGI...
Home Sales Decline Across Mid-Atlantic Region

Home Sales Decline Across Mid-Atlantic Region

by Phil Hall | Jul 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales across the Mid-Atlantic region totaled 20,552 transactions in June, according to new data from Bright MLS. This represents a 3.2% decline from the previous month and a 10.4% drop from one year ago. Although fewer homes were being sold, more properties were...
Mid-Atlantic Home Prices Continue to Soar

Mid-Atlantic Home Prices Continue to Soar

by Phil Hall | May 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home price in the Mid-Atlantic region hit a record high in April at $410,000, according to new data from the Bright MLS service. Last month, the Mid-Atlantic region saw 25,772 new listings, up 14.7% from one year earlier while active listings were 17.2%...
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