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The Milestone Group Acquires 2 Apartment Communities in Virginia

The Milestone Group Acquires 2 Apartment Communities in Virginia

by Phil Hall | Oct 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Milestone Group, a privately held real estate investment management firm, has acquired two apartment communities in Fredericksburg, Virginia, that encompass 676 units. Kensington Crossing has 476 one-, two- and three-bedroom units and Magnolia Falls features 200...
Long Island Real Estate Attorney Pleads Guilty to Larceny Charges

Long Island Real Estate Attorney Pleads Guilty to Larceny Charges

by Phil Hall | Oct 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Long Island real estate attorney pleaded guilty to grand larceny charges for stealing more than $5 million in connection with 46 separate real estate transactions between September 2020 and January 2024. Daniel Boldi of Garden City, New York, entered guilty pleas to...
Sen. Elizabeth Warren Asks Biden to Use Executive Orders to Lower Housing Costs

Sen. Elizabeth Warren Asks Biden to Use Executive Orders to Lower Housing Costs

by Phil Hall | Oct 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) is leading a coalition of more than 30 progressive members of Congress calling on President Joe Biden to take executive order actions to lower the cost of housing. In a letter to Biden, Warren and her fellow progressives called on the...
The Siegel Group Sells 20 Acres of Las Vegas Land to KB Home for $19 Million

The Siegel Group Sells 20 Acres of Las Vegas Land to KB Home for $19 Million

by Phil Hall | Oct 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Siegel Group, a real estate investment and management firm, announced an off-market sale of a portion of its land holdings in Las Vegas to the homebuilder KB Home (NYSE: KBH) for $19 million. The sale includes approximately 20 acres of a larger 27-acre assemblage...
Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe

Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe

by Phil Hall | Oct 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Madison, Wisconsin-based Fairway Mortgage Corporation has agreed to a nearly $10 million settlement of redlining charges brought by the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), with the company claiming the probe into its...
Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

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

Priscilla Almodovar, the CEO of Fannie Mae (OTC: FNMA) has looked at the housing market and said she never saw anything like it. In an interview with MarketWatch, pointed to home prices that are still at historic highs. “It’s a highly unaffordable market right now,”...
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