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New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month

New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month

by Phil Hall | Feb 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The new owner of Michael Jordan’s former Chicago-area mansion is now renting the property for $230,000 per month. Realtor.com reports the property’s owner – John Cooper, a partner at the real estate company HAN Capital – initially planned to create a luxury timeshare...
Union Claims HUD Plans to Cut Half of Its Workforce

Union Claims HUD Plans to Cut Half of Its Workforce

by Phil Hall | Feb 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The union representing the employees at the US Department of Housing and Urban Development (HUD) claims the agency is planning to layoff half of its 9,600-member workforce. Bloomberg Law reports that Antonio Gaines, president of AFGE National Council 222, said the...
NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme

NYC Real Estate Executive Indicted for $30 Million Bank Fraud Scheme

by Phil Hall | Feb 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A New York City real estate executive was indicted for his part in a scheme to steal $30 million intended for a real estate investment. According to the allegations in the indictment, Kevin Feng Gao used an unauthorized bank account in the name of a company that...
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

by Phil Hall | Feb 14, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes

Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes

by Phil Hall | Feb 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tennessee Gov. Bill Lee has signed a bill that will provide a 130% refund of property taxes to homeowners whose residences were either damaged or destroyed by Hurricane Helene. WSMV.com reports the legislation was unanimously passed by both the Tennessee House and...
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