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Ground Broken for New 770-Acre Master-Planned Community in Texas

Ground Broken for New 770-Acre Master-Planned Community in Texas

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Hunt Communities announced the groundbreaking of its new master-planned community, Verdancia, in Horizon City, Texas, east of El Paso. According to the company, the 770-acre community will include approximately 2,400 single-family home lots, with homes expected to be...
Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
HUD’s Turner Cancels $4 Million in DEI Contracts

HUD’s Turner Cancels $4 Million in DEI Contracts

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has cancelled $4 million in contracts that were designed to foster Diversity, Equity and Inclusion (DEI) programs within the agency. In an interview this morning on Fox News, HUD Secretary Scott Turner stated the...
Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB

Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB

by Phil Hall | Feb 19, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) are demanding the removal of members of the Department of Government Efficiency (DOGE) from the Consumer Financial Protection Bureau (CFPB) while claiming without evidence that Elon Musk plans on “enriching himself...
California Home Sales Slumped in January

California Home Sales Slumped in January

by Phil Hall | Feb 19, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
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