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NAR Sued by Former Employee for Sexual Harassment

NAR Sued by Former Employee for Sexual Harassment

by Phil Hall | Sep 12, 2024 | Industry Updates, News/Current Events, WRE News Exclusive

A former product manager at the National Association of Realtors (NAR) has filed a federal lawsuit claiming that she was subjected to sexual harassment by her employers. The New York Times reported Roshani Sheth worked was a staff member at the Realtors Information...
Valet Living Promotes Matt Graves to President

Valet Living Promotes Matt Graves to President

by Phil Hall | Sep 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Valet Living, the Tampa-headquartered residential amenities provider to the multifamily housing industry, has promoted Matt Graves to president. Graves has been the company’s chief operating officer since 2022 and will retain that title. He joined Valet Living in 2018...
Freddie Mac Names Diana Reid as New CEO

Freddie Mac Names Diana Reid as New CEO

by Phil Hall | Sep 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the appointment of Diana Reid as the new CEO. Reid, who will also serve as a member of Freddie Mac’s board of directors, succeeds Michael J. DeVito, who retired earlier this year. Michael Hutchins, who served as interim CEO, will...
Gregory Raap Named SVP of Property Management at CONAM

Gregory Raap Named SVP of Property Management at CONAM

by Phil Hall | Sep 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The San Diego-based multifamily real estate company CONAM has hired Gregory Raap as executive vice president of property management. Raap brings over two decades of multifamily real estate experience involving conventional, affordable and military housing. He was...
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

by Phil Hall | Sep 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The owner of the apartment complex in Aurora, Colorado, that was taken over by the Venezuelan Tren de Aragua criminal gang has agreed to sell the property in exchange for the city’s pledge to drop a lawsuit against the company. The Denver Gazette reported Nome...
Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge

Real Estate Developer Convicted with Menendez Pleads Guilty to Bank Fraud Charge

by Phil Hall | Sep 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate developer who was convicted with former Sen. Bob Menendez (D-NJ) this summer has pleaded guilty to a separate charge of bank fraud. ABC News reported Fred Daibes was charged with making false statements concerning a 2008 loan when he was chairman and CEO...
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