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NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

by Phil Hall | Feb 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

In the wake of Friday’s trial verdict that fined former President Donald Trump nearly $355 million and banned him from doing business in New York for three years for alleged over-valuation of his properties, Gov. Kathy Hochul is trying to assure New York business...
Montana Judge Blocks Development Over Potential Groundwater Level Depletion

Montana Judge Blocks Development Over Potential Groundwater Level Depletion

by Phil Hall | Feb 19, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Montana judge has blocked a housing development organized by a member of prominent local political family after a group of local residents warned the project would deplete the area’s groundwater levels. According to combined media reports, Broadwater County District...
CoStar Group Relocates HQ from D.C. to Virginia

CoStar Group Relocates HQ from D.C. to Virginia

by Phil Hall | Feb 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

CoStar Group Inc. (NASDAQ: CSGP), a global provider of online real estate marketplaces, information, and analytics in the property markets, is moving its headquarters from Washington, D.C., to Arlington County, Virginia. The company is paying nearly $14 million to...
$12.1 Million Refinancing Arranged on California Multifamily Property

$12.1 Million Refinancing Arranged on California Multifamily Property

by Phil Hall | Feb 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Marcus & Millichap Capital Corp. (MMCC) announced that it has arranged $12.1 million for the refinancing of Laurel Canyon Apartments, a 46-unit multifamily property in Valley Village, California. Built in 2022, the property features a mix of one- and two-bedroom...
Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump has been ordered by a New York judge in his civil fraud trial to pay nearly $364 million in damages for exaggerating the valuation of his real estate holdings in order to get favorable lending terms between 2011 and 2021. Judge Arthur...
Justice Department Objects to Settlement in Real Estate Commission Case

Justice Department Objects to Settlement in Real Estate Commission Case

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Justice has made its first foray into the growing number of lawsuits regarding real estate commissions by asking a federal judge in Boston to reject a consumer settlement between a group of home sellers and a multiple listing service. Reuters is...
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