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Rocket Companies Acquires Redfin for $1.75 Billion

Rocket Companies Acquires Redfin for $1.75 Billion

by Phil Hall | Mar 10, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) has announced its acquisition of the Seattle-headquartered brokerage Redfin (NASDAQ: RDFN) for $1.75 billion, or $12.50 per Redfin share. “Rocket and Redfin have a unified vision of a better way to buy and sell...
Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme

Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme

by Phil Hall | Mar 10, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

A Nigerian national extradited to the US made his initial appearance in a Miami federal court on Friday to face accusations for his role in an $8 million fraud scheme that obtained loans in connection with the phony purchases of approximately 20 residential properties...
HUD Delays Biden’s Energy Codes Implementation for 6 Months

HUD Delays Biden’s Energy Codes Implementation for 6 Months

by Phil Hall | Mar 10, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has announced a six-month delay in the implementation of the mandatory energy codes initiated by the Biden administration. The delay will push back the compliance dates for adopting the 2021 International Energy...
CVS to Open 12 Mini-Stores Focused on Pharmacy Services

CVS to Open 12 Mini-Stores Focused on Pharmacy Services

by Phil Hall | Mar 10, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

CVS Health (NYSE: CVS) planning to open a dozen mini-stores that only provide full-service pharmacies with a limited retail component. The Wall Street Journal reports the new stores will be on average less than 5,000 square feet, or less than half the size of the...
SBA to Relocate Regional Offices Out of 6 Sanctuary Cities

SBA to Relocate Regional Offices Out of 6 Sanctuary Cities

by Phil Hall | Mar 10, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The US Small Business Administration (SBA) announced plans to relocate regional offices from six cities that enforce sanctuary city policies. In a press statement, the SBA stated its regional offices in Atlanta, Boston, Chicago, Denver, New York City, and Seattle will...
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