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New Rent Hikes Coming to NYC’s Stabilized Apartments

New Rent Hikes Coming to NYC’s Stabilized Apartments

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Residents in New York City’s rent-stabilized apartments will soon be paying more to cover their housing costs. Nearly one million New Yorkers live in rent-stabilized apartments. The typical monthly cost of a rent-stabilized apartment in the city is roughly $1,500,...
Texas Title Company Employee Sentenced for Wire Fraud Scheme

Texas Title Company Employee Sentenced for Wire Fraud Scheme

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Texas resident Mayela Saby Cantu has been sentenced to 24 months in federal prison to be immediately followed by three years of supervised release for coordinating a scheme that involved falsified lien payoff statements, fraudulent warranty deeds and deceptive emails...
Brent Consedine Named President at Berkshire Hathaway HomeServices California Properties

Brent Consedine Named President at Berkshire Hathaway HomeServices California Properties

by Phil Hall | May 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Berkshire Hathaway HomeServices California Properties announced the promotion of Brent Consedine to president. Consedine joined the company in 2004 as a residential sales associate and had been vice president of business initiatives since 2018 before being elevated to...
A Phil Hall Op-Ed: Will Mark Carney Make Canada’s Housing Crisis Worse?

A Phil Hall Op-Ed: Will Mark Carney Make Canada’s Housing Crisis Worse?

by Phil Hall | Apr 30, 2025 | A Phil Hall Op-Ed, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: I am sure you are familiar with a quote that says: “Insanity is doing the same thing over and over again and expecting different results.” I was reminded of that quote this week when learning that Canadian voters opted to continue the...
CMBS Delinquency Rate Surges Above the 7% Mark

CMBS Delinquency Rate Surges Above the 7% Mark

by Phil Hall | Apr 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The commercial mortgage-backed securities (CMBS) delinquency rate passed the 7% mark for the first time since January 2021, according to new data from Trepp Inc. April’s delinquency rate of 7.03% marked a 38 basis points month-over-month increase, with the overall...
Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case

Justice Dept. Files Statement of Interest Supporting a New Hampshire Church in Land Use Case

by Phil Hall | Apr 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

For the second time this month, the U.S. Department of Justice (DOJ) filed a statement of interest in support of a church that said its rights were being violated under the Religious Land Use and Institutionalized Persons Act (RLUIPA). The new case involves Grace New...
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