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St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud

St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A St. Louis-area contractor who fraudulently obtained $1.7 million in pandemic loans was sentenced to three years in prison and ordered to repay the money. Coretta “Cory” Elliott owned and operated CMT LLC, a contractor that provided commercial construction,...
Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium

Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Illinois Gov. JB Pritzker sought to belittle efforts by Indiana lawmakers to lure the Chicago Bears to their state, accusing the state of dumping a new wave of taxes on residents without seeking their approval. TheIllinoize.com reports Pritzker highlighted reports...
NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Joshua Schuster, a former New York City real estate developer who was indicted last May for conducting a four-year, multimillion-dollar real estate investment scam, is reportedly planning to enter a guilty plea in his case. Hoodline.com reports Schuster is scheduled...
Maryland Home Sales Down Amid Inventory Shortages

Maryland Home Sales Down Amid Inventory Shortages

by Phil Hall | Feb 26, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 3,660 homes were sold in Maryland during January, which represented an 11.9% drop from the 4,155 sales recorded one year earlier. But while sales were down, new data from Maryland Realtors showed pending sales were up by 8.1% over the same period. Still,...
American Express to Build 55-Story HQ at World Trade Center Site

American Express to Build 55-Story HQ at World Trade Center Site

by Phil Hall | Feb 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

American Express (NYSE: AXP) has unveiled plans for a new global headquarters at 2 World Trade Center in Lower Manhattan. The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. This marks the final...
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