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Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) received a new legal headache as the U.S. Circuit Court of Appeals in Washington, D.C., ruled the U.S. Department of Justice (DOJ) can reopen its investigation into the trade group’s Participation Rule and Clear...
Fed Governor Says Rate Hike Possible if Inflation Stays High

Fed Governor Says Rate Hike Possible if Inflation Stays High

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The likelihood of the Federal Reserve cutting rates is now in doubt with a central bank leader hinting a rate hike is likely to control inflation. In prepared remarks published today ahead of a speech before the Spring 2024 Meeting of the Shadow Open Market Committee,...
eXp Realty Names Leo Pareja at CEO

eXp Realty Names Leo Pareja at CEO

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced the immediate appointment of Leo Pareja as CEO. He succeeds Glenn Sanford, who will continue as chairman and CEO of eXp World Holdings. Pareja joined the company in 2022 as chief strategy...
NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is challenging the $175 million bond posted by former President Donald Trump in his valuation fraud case by questioning the qualifications of the California company that put up the funds. According to a New York Times report,...
363 Acres of Virginia Development Land to be Auctioned

363 Acres of Virginia Development Land to be Auctioned

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Hall and Hall Auctions has scheduled a May 15 auction of Cotton Rose Farm, a 363-acre parcel of development land in Virginia’s Tidewater region. The property is located seven miles north of downtown Suffolk, Virginia, and is a short drive from the recreational...
Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman

Scott Sellers to Replace Bill Ackman as Howard Hughes Holdings Chairman

by Phil Hall | Apr 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Howard Hughes Holdings Inc. (NYSE: HHH) announced longtime board member Scot Sellers will be named chairman of the board of directors at its upcoming annual meeting. Sellers will succeed Bill Ackman, founder and CEO of Pershing Square Capital Management LP, who will...
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