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Mamdani Drops Campaign Pledge to Build Affordable Housing at Site of Lower Manhattan Garden

Mamdani Drops Campaign Pledge to Build Affordable Housing at Site of Lower Manhattan Garden

by Phil Hall | Aug 13, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani reluctantly jettisoned his campaign promise to demolish the 20,000-square-foot Elizabeth Street Garden in Lower Manhattan in favor of affordable housing for seniors. The garden would have been razed in favor of a 123-unit housing...
Mortgage Delinquency Rate Down Slightly in Q2

Mortgage Delinquency Rate Down Slightly in Q2

by Phil Hall | Aug 13, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The delinquency rate for mortgage loans on one-to-four-unit residential properties during the second quarter decreased to a seasonally adjusted rate of 4.37% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate...
Kentucky Gov. Beshear Claims Feds Sidelined Him on Data Center Planned for His State

Kentucky Gov. Beshear Claims Feds Sidelined Him on Data Center Planned for His State

by Phil Hall | Aug 13, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kentucky Gov. Andy Beshear is complaining that the Trump administration failed to inform him of its plans for a $100 billion data center campus on federal land in his state. The proposed Paducah American Energy Hub is slated to be built on a 3,500-acre Department of...
NFL Star Sauce Gardner Sues Michigan Contractor for Real Estate Investment Fraud

NFL Star Sauce Gardner Sues Michigan Contractor for Real Estate Investment Fraud

by Phil Hall | Aug 13, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Indiana Colts cornerback Sauce Gardner is suing a Michigan construction company for allegedly defrauding him in a Detroit real estate investment. TMZ reports the NFL star was advised by Nicholas Sanborn of Sanborn Construction on the acquisition of a 102-year-old...
Minneapolis Mayor Frey Proposes 11.3% Property Tax Hike

Minneapolis Mayor Frey Proposes 11.3% Property Tax Hike

by Phil Hall | Aug 12, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Minneapolis Mayor Jacob Frey is proposing to hike his city’s residential property tax levy by 11.3%, the largest increase in six years. Axios reports Frey’s proposal is designed to address his city’s $30 million revenue shortfall coupled with financial demands to...
Washington Commanders Select Joint Venture to Construct New DC Stadium

Washington Commanders Select Joint Venture to Construct New DC Stadium

by Phil Hall | Aug 12, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Washington Commanders have selected a joint venture of Clark Construction Group, Mortenson, and Smoot Construction Company of Washington, DC to lead the construction of its new 1.8 million-square-foot stadium in Washington, DC. The new 65,000-seat enclosed stadium...
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