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Seven-Building Affordable Housing Portfolio in Brooklyn is Sold

Seven-Building Affordable Housing Portfolio in Brooklyn is Sold

by Phil Hall | Jun 19, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tredway, an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, has partnered with ELH Mgmt. LLC in the acquisition of a seven-building, 193-unit affordable housing portfolio in Brooklyn’s Fort...
CBRE Acquires Data Center Infrastructure Provider Direct Line Global

CBRE Acquires Data Center Infrastructure Provider Direct Line Global

by Phil Hall | Jun 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm, has acquired Direct Line Global, a portfolio company of Guardian Capital Partners. Founded in 1997 and based in Fremont, California, Direct Line Global provides...
CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced it has filed a proposed order that would enact a $3.95 million fine against Freedom Mortgage Corporation for submitting “error-riddled mortgage loan data” to federal regulators. The proposed order would also...
The Best and Worst US Cities Are…

The Best and Worst US Cities Are…

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

WalletHub has issued its 2024 listing of the nation’s best- and worst-run cities, with a somewhat under-the-radar city ranking highest and a very prominent metropolis occupying the bottom ranking. For its list, WalletHub compared 148 of the most populated cities...
Builder Confidence Drops to 6-Month Low

Builder Confidence Drops to 6-Month Low

by Phil Hall | Jun 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes reached its lowest reading since December 2023, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). For June, the HMI dropped two points from...
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