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Berkshire Hathaway Affiliate Cited in New Lawsuit Over Commissions

Berkshire Hathaway Affiliate Cited in New Lawsuit Over Commissions

by Phil Hall | Dec 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A corner of Warren Buffett’s business empire is being lassoed into the percolating controversy on real estate commissions. Reuters reported that Everest Consulting Group LP, an affiliate of Buffett’s Berkshire Hathaway (NYSE:BRK.A) and Anywhere Real Estate...
Atlantic Equity Partners Launches Fund II to Decarbonize Hospitality Real Estate

Atlantic Equity Partners Launches Fund II to Decarbonize Hospitality Real Estate

by Phil Hall | Dec 13, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Atlantic Equity Partners, a New York City-based real estate private equity firm that invests in value-add hotels, has launched its Fund II to deploy capital to acquire and sustainably redevelop hospitality real estate with a double-bottom-line approach. The new fund...
St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

by Phil Hall | Dec 13, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...
loanDepot Unveils melloNow Underwriting Engine

loanDepot Unveils melloNow Underwriting Engine

by Phil Hall | Dec 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

loanDepot Inc. (NYSE: LDI) has released its melloNow underwriting engine, which is designed to provide conditional loan approval in minutes. According to the Irvine, California-based company, melloNow uses a fully digital verification process to evaluate applications,...
CoStar Group Completes Acquisition of UK Property Portal

CoStar Group Completes Acquisition of UK Property Portal

by Phil Hall | Dec 12, 2023 | International Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

CoStar Group Inc. (NASDAQ: CSGP), a provider of online real estate marketplaces, information and analytics, has completed its acquisition of OnTheMarket, a residential property portal in the U.K., for approximately $125 million. OnTheMarket was founded in 2013 and...
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