May 2025

Frederick Warburg Peters joins Brown Harris Stevens

The founder of Warburg Realty Frederick Warburg Peters is joining Brown Harris Stevens. The New York-based firm announced Peters’ move on Thursday.  Peters founded Warburg Realty in 1991 before selling it to Coldwell Banker in 2021.  Frederick Warburg Peters “The choice of Brown Harris Stevens was an easy one for me,” Peters said in a statement. “Hall Willkie has been a peer and a good...

Longbridge endures Q1 loss, but leaders tout ‘positive contributions’

Despite a slowdown in overall Home Equity Conversion Mortgage (HECM) volume in the first quarter of 2025, Longbridge Financial contributed positively to parent company Ellington Financial. Overall performance at Ellington saw $31.6 million in net income to common stockholders, up from $22.4 million the prior quarter. Longbridge posted a net loss of $1 million for the quarter. However, reverse...

Huffines Communities Announces Sale of Heritage Towers, a Premier Multifamily Asset in Lewisville, Texas

Dallas, TX - Huffines Communities, a leading residential developer in the Dallas-Fort Worth Metroplex, is pleased to announce the sale of Heritage Towers, a 282-unit luxury apartment community located in Lewisville, Texas. Completed in mid-2023, Heritage Towers established itself as a market leader, achieving 95% occupancy within its first year. The community was recognized as a finalist in several...

Disney Announces New Landmark Theme Park Resort in Abu Dhabi

This will be the seventh Disney theme park globally The Walt Disney Company and Miral, Abu Dhabi's premier developer of immersive destinations, have unveiled plans to develop a groundbreaking Disney theme park resort on Yas Island, marking a historic expansion of Disney's global footprint. Set along the scenic Yas Island waterfront--already a world-renowned hub for entertainment and tourism--the upcoming...

Zillow posts strong Q1, touts listing transparency and app traffic

Zillow reported a strong start to 2025, exceeding its first-quarter 2025 outlook with $598 million in revenue, up 13% year over year. The company also posted $153 million in adjusted EBITDA and achieved GAAP profitability — driven by cost management and margin expansion, leaders said. During an earnings call on Wednesday, CEO Jeremy Wacksman said the company remains on track to meet its full-year...

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