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ICE Blamed for Austin Multifamily Property Going to Special Servicing

ICE Blamed for Austin Multifamily Property Going to Special Servicing

by Phil Hall | May 6, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A crackdown by Immigration and Customs Enforcement (ICE) on illegal immigrant activity is being blamed for an Austin multifamily property moving to special servicing after nearly three-quarters of residents abruptly moved out. According to a Multifamily Dive report...
Chicago Mayor Renews Effort to Keep the Bears from Relocating

Chicago Mayor Renews Effort to Keep the Bears from Relocating

by Phil Hall | May 6, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson is making a new effort to stop the Chicago Bears from moving out of his city by calling out a proposed property tax break that would enable to the team to build a new domed stadium in suburban Arlington Heights. The Chicago Sun-Times...
Mortgage Application Activity Down While Home Prices Continue to Rise

Mortgage Application Activity Down While Home Prices Continue to Rise

by Phil Hall | May 6, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the week ending May 1, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.4% on a seasonally adjusted basis from one...
Ken Griffin Expands Miami Office Property Following Mamdani’s ‘Tax the Rich’ Video

Ken Griffin Expands Miami Office Property Following Mamdani’s ‘Tax the Rich’ Video

by Phil Hall | May 6, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hedge fund executive Ken Griffin is expanding the office space for the Miami headquarters of his Citadel LLC operations after New York City Mayor Zohran Mamdani shot an online video outside of Griffin’s Manhattan residence highlighting a proposed “tax the rich”...
ECI Group Partners with ApexOne on $500 Million Multifamily Fund

ECI Group Partners with ApexOne on $500 Million Multifamily Fund

by Phil Hall | May 6, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate firm ECI Group has teamed with ApexOne Investment Partners in a joint venture to form ApexOne-ECI Multifamily Fund VI LP, which will focus on the acquisition, redevelopment and managing of multifamily assets across the Sunbelt, Midwest, and Mountain...
Missouri Lawmakers Consider Resolution to Drop Property Taxes for Disabled Veterans

Missouri Lawmakers Consider Resolution to Drop Property Taxes for Disabled Veterans

by Phil Hall | May 6, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Missouri lawmakers are considering a resolution that would eliminate property taxes for veterans who are 100% disabled. KMOV reports the Missouri House passed House Joint Resolution 115, which would create a ballot referendum that would let voters decide in November...
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