A new report has revealed Colorado officials were informed that the Venezuelan criminal gang Tren de Aragua had taken over several apartment complexes in Aurora weeks before the story became public but failed to respond to the warning. The Denver Gazette reported...
A West Virginia real estate developer was sentenced to one year and one day in prison for falsification of bankruptcy records. According to the charges brought against him, John H. Wellford III, 73, filed for bankruptcy in March 2019 on behalf of Corotoman Inc., a...
California Gov. Gavin Newsom’s office has reached a settlement with the Sacramento suburb of Elk Grove regarding the creation of new affordable housing. The Associated Press reported the city will need to identify a new site for affordable housing by July 1, 2025,...
The property management software company RealPage Inc. has upgraded its product line to enable users to remove its nonpublic competitor data when calculating rent recommendations. The Richardson, Texas-based company said the upgrade comes in the wake of the Sept. 3...
The Mortgage Bankers Association (MBA) announced the appointment of David Menke as director of member relations. In his new role, Menke will manage MBA’s portfolio of residential member companies, overseeing and strengthening member engagement with key leaders and...
The U.S. Department of Justice (DOJ) announced a $38.2 million settlement with the City of Los Angeles to resolve allegations of intentionally failing to meet federal accessibility requirements related to Department of Housing and Urban Development (HUD) grant funds...
Hits and Misses for the Real Estate Week of June 22-26
