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Financing Secured on First CMHC-Insured Modular Apartment Complex

Financing Secured on First CMHC-Insured Modular Apartment Complex

by Phil Hall | Oct 6, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Peakhill Capital and Z Modular announced the closing of a $26 million deal to finance the construction of the first Canadian modular apartment project that will be insured by the Canada Mortgage & Housing Corp. (CMHC). The project, known as Fuze Lucan, is located...
NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

NAR’s Chief Economist Warns That Jobs Report Does Not Guarantee a Healthier Economy

by Phil Hall | Oct 6, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Lawrence Yun, the chief economist for the National Association of Realtors, is warning that today’s mostly positive jobs report should not be embraced as evidence of an improving economy. “The job market continues to crank out jobs in high figures: 336,000 in...
Reverse Mortgage Fraudster Arrested Again Over New Scams

Reverse Mortgage Fraudster Arrested Again Over New Scams

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A Chicago man arrested in 2017 for running a reverse mortgage scam was arrested after authorities discovered he was still scamming seniors. WGNTV.com reported Mark Diamond was arrested six years ago for orchestrating a reverse mortgage scam that allegedly stole $10...
Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Madison, New Jersey-based Anywhere Real Estate Inc. (NYSE: HOUS), formerly known as Realogy Holdings Corp., announced the terms of a settlement agreement to resolve claims brought in two class action lawsuits that the company colluded with the National Association of...
IRS Places Rudy Giuliani’s Florida Condo Under a Tax Lien

IRS Places Rudy Giuliani’s Florida Condo Under a Tax Lien

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A Palm Beach, Florida-based property owned by former New York City Mayor Rudy Giuliani was placed under a federal tax lien by the Internal Revenue Service, which claimed in a court filing that he owes more than a half-million dollars in unpaid income taxes. CBS News...
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