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Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’

Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’

by Phil Hall | Jun 30, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City mayoral candidate Zohran Mamdani is proposing a property tax hike aimed directly at the city’s “richer and whiter neighborhoods,” according to a review of his campaign platform by the New York Post. The proposal was conceived to address irregularities in...
SEC Charges New Hampshire Developer with Defrauding Real Estate Investors

SEC Charges New Hampshire Developer with Defrauding Real Estate Investors

by Phil Hall | Jun 30, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Securities and Exchange Commission (SEC) has charged Robynne Alexander, a real estate developer based in Manchester, New Hampshire, with defrauding investors through schemes that resulted in at least $3 million in losses. According to the SEC’s complaint,...
Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex

Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex

by Phil Hall | Jun 30, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory services firm, has secured $170 million to refinance Post District, a mixed-use complex located in Downtown Salt Lake City. Post District opened in...
Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion

Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion

by Phil Hall | Jun 30, 2025 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) announced the sale of Playa Hotels & Resorts NV’s real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Hyatt acquired Playa earlier this year for...

North Korea Unveils Shoreline Tourist Mecca

by Phil Hall | Jun 30, 2025 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A highly unlikely new player has emerged in the Pacific Rim tourism industry – North Korea. The Associated Press reports North Korean leader Kim Jong Un has inaugurated the Wonsan-Kalma coastal tourist zone, which encompasses hotels, restaurants and cafeterias, and...
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