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Citigroup to Create $16.1 Million Office Facility in Charlotte

Citigroup to Create $16.1 Million Office Facility in Charlotte

by Phil Hall | Jul 10, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Citigroup (NYSE: C) has announced plans to invest $16.1 million in a new office facility in Charlotte, North Carolina. Reuters reports the banking giant opens is aiming to create 510 new jobs at the facility that will focus on personal banking, finance, and marketing....
Compass Acquires Colorado’s PorchLight Real Estate Group

Compass Acquires Colorado’s PorchLight Real Estate Group

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Compass Inc. (NYSE: COMP) has announced its acquisition of PorchLight Real Estate Group, a Colorado-based brokerage. Founded in 2005 by Amy Bayer and Carol Bayer, PorchLight serves the Denver and Boulder markets. In 2024 alone, the brokerage closed $922.3 million in...
Lawsuit Filed to Stop Public Funding for Cleveland Browns’ New Stadium

Lawsuit Filed to Stop Public Funding for Cleveland Browns’ New Stadium

by Phil Hall | Jul 9, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A class action lawsuit has been filed seeking to stop Ohio’s plan to use public funds to pay for a new stadium for the NFL’s Cleveland Browns. News from the States reports former State Rep. Jeff Crossman (D-OH) is leading the legal team that is challenging the state’s...
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region

HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Department of Housing and Urban Development (HUD) Secretary Scott Turner announced a 90-day foreclosure moratorium on Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, that have been impacted by the severe...
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans

A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans

by Phil Hall | Jul 9, 2025 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Federal Housing Finance Agency (FHFA) Director Bill Pulte took a break yesterday from his endless and emetic harassment of Federal Reserve Chairman Jerome Powell to make an announcement framed in the manner one associates with news of life-saving...
Newsom Allocates $101 Million for Multifamily Rebuilding After LA Fires

Newsom Allocates $101 Million for Multifamily Rebuilding After LA Fires

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom announced the state’s Department of Housing and Community Development (HCD) will release $101 million to finance the rebuilding of affordable multifamily rental housing in the Greater Los Angeles Region. According to the governor’s office,...
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