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Judge Rejects Preliminary Injunction Request by Move Against CoStar

Judge Rejects Preliminary Injunction Request by Move Against CoStar

by Aled ab Iowerth | Sep 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A district court judge has issued a ruling in favor of the commercial real estate data provider CoStar Group (NASDAQ:CSGP), which is being sued by Move Inc., the News Corp (NASDAQ:NWSA) subsidiary that operates Realtor.com, for hiring a Realtor.com employee who...
HUD Charges Florida Housing Providers with Disability Discrimination

HUD Charges Florida Housing Providers with Disability Discrimination

by Phil Hall | Sep 24, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has charged Tallahassee, Florida-based housing providers Greenbriar Partners LLC, Jackson Properties and Financial Services LLC, and Erwin D. Jackson with Fair Housing Act violations for refusing to provide a...
Three Mile Island to be Revived for Powering Microsoft Data Centers

Three Mile Island to be Revived for Powering Microsoft Data Centers

by Phil Hall | Sep 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The site of the nation’s worst nuclear accident is being updated and restarted as a power source for data centers. The Wall Street Journal reported Constellation Energy (NASDAQ: CEG) and Microsoft (NASDAQ: MSFT) are partnering to reinvent Pennsylvania’s Three Mile...
OceanFirst Bank in Redlining Settlement with HUD

OceanFirst Bank in Redlining Settlement with HUD

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

The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’

AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’

by Phil Hall | Sep 18, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rep. Alexandria Ocasio-Cortez (D-NY) is calling for the creation of a new federal entity to build “social housing” and then sell those properties agencies and organizations that would manage them in “permanent affordability.” Ocasio-Cortez, in a New York...
Federal Reserve Announces 50 Basis Point Rate Cut

Federal Reserve Announces 50 Basis Point Rate Cut

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

The Federal Reserve announced a rate cut for the first time in nearly four years. The central bank’s Federal Open Market Committee enacted a 50 basis point reduction on its benchmark federal funds rate, which stood at a 23-year high of 5.25% to 5.5% range for the past...
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