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Guest Opinion: What’s Next for the Federal Home Loan Banks?

Guest Opinion: What’s Next for the Federal Home Loan Banks?

by Sandra L. Thompson | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandra L. Thompson is director of the Federal Housing Finance Agency (FHFA). This article is excerpted and edited from written testimony delivered before a recent hearing conducted by the U.S. Senate Committee on Banking, Housing and Urban Affairs.  In August 2022,...
Backflip Closes $15 Million Series A Funding Round

Backflip Closes $15 Million Series A Funding Round

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Backflip, the Dallas-headquartered real estate fintech, announced its closing of its $15 million Series A funding round. Backflip is designed to enable real estate investors to acquire and renovate single-family homes, with the goal of reselling the properties at a...
Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate broker in Sarasota, Florida, pleaded guilty to federal charges that he collected nearly $300,000 in disability payments without reporting he was still actively employed. Allen R. Jenkins, 68, received United States Railroad Retirement disability payments...
Bryan Cranston Lists NYC Apartment for $3.5 Million

Bryan Cranston Lists NYC Apartment for $3.5 Million

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

“Breaking Bad” star Bryan Cranston has listed his co-op apartment on Manhattan’s Central Park South or $3.495 million. The Wall Street Journal reports Cranston acquired the apartment for $3.1 million in 2017 when he relocated to New York City to appear in the Broadway...
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The coworking company WeWork (OTCMKTS: WEWKQ) announced the securing of $450 million in new funding that will fuel its exit from Chapter 11 bankruptcy. The property management software provider Yardi Systems is taking a 60% stake in WeWork through its subsidiary Cupar...
A Phil Hall Op-Ed: Another Postage Rate Hike?

A Phil Hall Op-Ed: Another Postage Rate Hike?

by Phil Hall | Apr 29, 2024 | A Phil Hall Op-Ed, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: There is a quip, incorrectly attributed to Albert Einstein, that says, “Insanity is doing the same thing over and over again and expecting different results.” A prime example of that foolishness in motion can be seen at the U.S. Postal Service...
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