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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...
Where Have the Property Rights Gone?: John G. Stevens’ Perspective

Where Have the Property Rights Gone?: John G. Stevens’ Perspective

by John G. Stevens | Sep 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In recent years, it has become increasingly apparent that property rights in the United States are facing unprecedented restrictions and challenges. Whether it’s building a shed, raising chickens, or simply making improvements to one’s home, homeowners are...
Landlord Agrees to Sell Colorado Complex Overrun by Venezuelan Crime Gang

Report: Colorado Officials Told About Venezuelan Gang Presence Weeks Before the Story Went Public

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

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...
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