Wire Real Estate

 The rise of remote work has the potential to unlock the American Dream of homeownership for nearly two million renter households. A new Zillow® analysis finds that’s how many renter households could likely telecommute and afford monthly payments on the typical U.S. starter home, but couldn’t afford a starter home in their current metro.1 (PRNewsfoto/Zillow) The numbers … Continue reading Remote Work Could Open Homeownership to Nearly Two Million Renter Households Continue Reading →

Williams & Williams, a worldwide real estate auction firm and leader in global live and interactive auctions, will auction several surplus real estate properties for energy midstream company Archrock Services L.P. . Listings include warehouse, office space, and land parcels for auction on September 29. The vacant residence in New Castle, PA will sell in an online only … Continue reading Williams & Williams Set to Auction Surplus Real Estate for Archrock in Texas, Louisiana and Pennsylvania Continue Reading →

Last week, the Commonwealth of Dominica held an orientation at St Alphonsus Parish Hall for ninety individuals who will be benefitting from the government’s Housing Recovery project. The initiative targets citizens who lost their homes during Hurricane Maria in 2017 and is part of the government’s broader mission of becoming the world’s first climate-resilient nation.   The Housing Recovery project … Continue reading First Ninety Beneficiaries Inducted into Dominica’s Housing Recovery Project Continue Reading →

 Dalfen Industrial recently closed on the acquisition of Shiloh Crossing Distribution Center in Alpharetta, Georgia. The two Class A industrial buildings totaling 71,640 square feet are less than two miles from GA-400 and the newly developed Halcyon mixed-use project. Shiloh Crossing Distribution Center – Alpharetta, Georgia Built in 2008, the properties’ functionality caters ideally to users looking … Continue reading Dalfen Industrial Acquires Property in Alpharetta, GA Continue Reading →

The AFL-CIO Housing Investment Trust (HIT) announced a $1 billion investment initiative intended to create jobs and rental housing for the Bay Area over the next five years. Under its multifaceted Bay Area Investment Initiative, the HIT stands ready to invest up to $500 million to develop market-rate, workforce, and affordable housing in the San Francisco Bay Area by working with local … Continue reading AFL-CIO Housing Investment Trust $1 Billion Initiative for Bay Area Jobs and Rental Housing Amid Economic Fallout of Pandemic Continue Reading →

Caesars Entertainment, Inc., and VICI Properties Inc. announced definitive agreements to sell Harrah’s Louisiana Downs Casino, Racing & Entertainment (“Harrah’s Louisiana Downs”) to Rubico Acquisition Corp. for $22.0 million. The proceeds of the transactions shall be split $5.5 million to VICI Properties and $16.5 million to Caesars subject to customary adjustments for cash and net working capital. The annual base rent payments … Continue reading Caesars Entertainment and VICI Properties Announce Sale of Harrah’s Louisiana Downs to Rubico Acquisition Continue Reading →

EastGroup Properties, Inc. announced that in light of the current COVID-19 pandemic, the Company is providing an update on its portfolio occupancy, rent collections, rent relief requests, common stock offering activity and upcoming investor relations events.  As previously reported in the Company’s press release on July 28, 2020, COVID-19 did not have a material adverse impact … Continue reading EastGroup Properties Announces Business Updates Continue Reading →

Sellers continued to drive a housing market with low supply and eager buyers as total for-sale inventory contracted for the 13th straight week and typical time-on-market maintained record lows, according to Zillow’s Weekly Market Report1. Typical homes on the market are more expensive as median list prices are up nearly 9% compared to last year. Buyers … Continue reading Rising Prices, Low Supply Show Sellers in Control of Housing Market Continue Reading →

Nationwide, 54.5% of Redfin offers on homes faced competition in August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Though that’s down from a revised rate of 57.3% in July, it’s the fourth month in a row that more than half of Redfin offers encountered bidding wars. An offer is considered part … Continue reading More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues Continue Reading →

The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors, as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real … Continue reading Diligence Capital Advisors Managing Partner Named Top 40 Under 40 Mid Atlantic Real Estate Journal Continue Reading →