Neighborhood Ventures, an Arizona-based real estate crowdfunding company, is acquiring Venture on Colter, a distressed 123-unit multifamily property in Central Phoenix. The property, formerly known as Thom Slate on Colter, is being purchased directly from the lender...
Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
Baltimore-headquartered First Home Mortgage has promoted Matt Nader to president. Nader joined First Home Mortgage in 2018 as a loan officer and served as the company’s director of sales since February 2023. He replaces Tim Whittier, who was appointed president in May...
The US Department of Justice (DOJ) told the US Supreme Court that it never committed not to reopen its investigation into the National Association of Realtors (NAR) despite its 2020 consent decree that settled a probe of the organization. According to a Law360 report,...
Texas Realtors announced that President and CEO Travis Kessler will retire on March 31, 2025, from the position he has held since 2010. Mike Barnett, who has served as the 155,000-member organization’s executive vice president for the past 12 years, will assume...
The Mortgage Bankers Association (MBA) is proposing the creation of a new Ginnie Mae securitization that would bring more private capital sources of liquidity to support Ginnie Mae issuers in the event of excessive market tumult. Under MBA’s proposal, an Early-Buyout...
