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$12.1 Million Refinancing Arranged on California Multifamily Property

$12.1 Million Refinancing Arranged on California Multifamily Property

by Phil Hall | Feb 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Marcus & Millichap Capital Corp. (MMCC) announced that it has arranged $12.1 million for the refinancing of Laurel Canyon Apartments, a 46-unit multifamily property in Valley Village, California. Built in 2022, the property features a mix of one- and two-bedroom...
Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump has been ordered by a New York judge in his civil fraud trial to pay nearly $364 million in damages for exaggerating the valuation of his real estate holdings in order to get favorable lending terms between 2011 and 2021. Judge Arthur...
Justice Department Objects to Settlement in Real Estate Commission Case

Justice Department Objects to Settlement in Real Estate Commission Case

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Justice has made its first foray into the growing number of lawsuits regarding real estate commissions by asking a federal judge in Boston to reject a consumer settlement between a group of home sellers and a multiple listing service. Reuters is...
Clever Real Estate Debuts Title and Escrow Subsidiary

Clever Real Estate Debuts Title and Escrow Subsidiary

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Clever Real Estate has launched Clever Title, a title and escrow company. According to the St. Louis-based company, Clever Title’s online portal offers real-time tracking, online document storage, and full digital encryption. Tony Chahal, formerly senior vice...
Atlanta Fed Chief on Delaying Rate Cuts: ‘Victory is Not Clearly in Hand’

Atlanta Fed Chief on Delaying Rate Cuts: ‘Victory is Not Clearly in Hand’

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The head of the Federal Reserve Bank of Atlanta has credited the central bank’s rate policy for bringing down inflation, but he warned it was much too early to talk about cutting rates. In a speech delivered at New York University, Atlanta Fed President and CEO...
FTK Construction Services Promotes Riley Goodman to VP of Finance and IT

FTK Construction Services Promotes Riley Goodman to VP of Finance and IT

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

FTK Construction Services, a nationwide general contractor specializing in affordable housing and LIHTC projects, has promoted Riley Goodman to vice president of finance and information technology. In his new position, Goodman will oversee all financial operations for...
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