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$37 Million Refinancing Secured for Texas Multifamily Property

$37 Million Refinancing Secured for Texas Multifamily Property

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

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), announced the $37 million refinancing of Dane Park, a luxury 392-unit multifamily property in Grapevine, Texas. The terms of the five-year loan include 6.23% interest only and a spread of 1.68%....
Carl Harris Elected 2024 Chairman of National Association of Home Builders

Carl Harris Elected 2024 Chairman of National Association of Home Builders

by Phil Hall | Mar 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has announced the election of Carl Harris as its 2024 chairman. Harris is co-founder and vice president of the Carl Harris Co. Inc. and managing partner of Harris Homes, both based in Wichita, Kansas. He has more than...
Trump Seeks to Post $100 Million Bond in Real Estate Fraud Case

Trump Seeks to Post $100 Million Bond in Real Estate Fraud Case

by Phil Hall | Feb 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump is seeking to post a $100 million bond in lieu of the $454.2 million judgment imposed on him by the judge in his New York civil fraud case involving the over-valuation of his real estate assets. According to combined media reports,...
CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

by Phil Hall | Feb 27, 2024 | Industry Updates, Real Estate News, WRE News Exclusive

An online news site has filed a Freedom of Information Act (FOIA) request to the Consumer Financial Protection Bureau (CFPB) to produce the full list of organizations that received payments from the Civil Penalty Fund that was created when the agency was established...
Kim Hoffman Named President at Adfitech

Kim Hoffman Named President at Adfitech

by Phil Hall | Feb 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Adfitech Inc., a subsidiary of Mortgage Connect, announced the appointment of Kim Hoffman as its new president. In her new job, Hoffman focus on strengthening Adfitech’s core service offerings and furthering product offerings supporting capital markets. Hoffman...
Jonathan Pollack to Become President at Starwood Capital Group

Jonathan Pollack to Become President at Starwood Capital Group

by Phil Hall | Feb 27, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Starwood Capital Group, a global private investment firm with a primary focus on real estate, announced that Jonathan Pollack will join the firm as president in 2025. Pollack joins the Miami-based Starwood Capital from Blackstone, where he served as global head of the...
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