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Investment Firm Acquires Kinexx Modular Construction

Investment Firm Acquires Kinexx Modular Construction

by Phil Hall | Apr 23, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The investment firm LaPhair Capital Partners announced its acquisition of Kinexx Modular Construction, a provider of modular building solutions. Kinexx will operate as a subsidiary of LaPhair Capital Partners, with Scott Upshaw as its new CEO. LaPhair plans to bolster...
John B. Johnson, Co-Founder and Former CEO of MortgageAmerica Inc., Dies at 84

John B. Johnson, Co-Founder and Former CEO of MortgageAmerica Inc., Dies at 84

by Phil Hall | Apr 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

John B. Johnson, the co-founder and former CEO of MortgageAmerica Inc., passed away on April 15 at the age of 84. Johnson began his mortgage banking career began in 1966 at Colonial Mortgage Company, where he rose through the ranks to become chief operating officer....
HUD Announces Final Rule for Federal Flood Risk Management Standard

HUD Announces Final Rule for Federal Flood Risk Management Standard

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register designed to help communities prepare for and reduce flood damage. According to HUD, the final rule updates two of...
Trump Maintains $175 Million Bond, Albeit with New Conditions

Trump Maintains $175 Million Bond, Albeit with New Conditions

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An attempt by New York Attorney General Letitia James to void the $175 million bond in former President Donald Trump’s civil fraud case failed, but Trump’s attorneys agreed to additional restrictions on the bond. According to a Reuters report, the attorneys for Trump...
Joel Sebree Resigns as CEO at California Association of Realtors

Joel Sebree Resigns as CEO at California Association of Realtors

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

John Sebree has resigned as the CEO of the California Association of Realtors (CAR). Sebree joined CAR two years ago from Missouri Realtors, replacing Joel Singer who retired after 32 years as CEO. Earlier in his career, Sebree was senior vice president of public...
NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is seeking to void the $175 million bond that former President Trump put forth in his civil fraud case relating to the valuation of his properties. The Hill reported that James’ office argued in court filings on Friday that that...
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