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Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

by Phil Hall | Jul 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Utah Gov. Spencer J. Cox announced his administration has stopped an attempted land acquisition near Provo Airport by Cirrus Aircraft, a company that is majority-owned by the defense contractor Aviation Industry Corporation of China (AVIC). A 2023 Utah law prevents...
New Bipartisan Bill Seeks Government Support for ADU Construction

New Bipartisan Bill Seeks Government Support for ADU Construction

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
Single-Family Housing Starts and Permits Down in June

Single-Family Housing Starts and Permits Down in June

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury

Florida Congresswoman Asks DOJ to Investigate Fed’s Powell for Perjury

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Florida congresswoman has asked the Department of Justice (DOJ) to investigate whether perjury charges should be brought against Federal Reserve Chairman Jerome Powell in connection to the cost overruns on the renovations being undertaken at the central bank’s...
Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions

Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions

by Phil Hall | Jul 18, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC

14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The overlap between real estate and cryptocurrency continues with the seller of a 14-unit multifamily property in California’s Manhattan Beach accepting payment in either Bitcoin or USDC. The crypto transaction will be facilitated by Guaranty Escrow. Buyers can fund...
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