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VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

VanTrust Real Estate Acquires 32-Acre Site in Utah for Industrial Warehouses

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings. The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake...
Chicago Mayor Postpones Budget Vote Over Opposition to Property Tax Hike

Chicago Mayor Postpones Budget Vote Over Opposition to Property Tax Hike

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson abruptly called off today’s City Council vote on his 2025 budget after failing to secure support for his latest property tax proposal. According to combined media reports, the mayor’s original proposal of enacting a $300 million property...
Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

Crowdfunding Company Acquires Distressed Phoenix Multifamily Property

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Neighborhood Ventures, an Arizona-based real estate crowdfunding company, is acquiring Venture on Colter, a distressed 123-unit multifamily property in Central Phoenix. The property, formerly known as Thom Slate on Colter, is being purchased directly from the lender...
Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

Minneapolis’ Wells Fargo Center is Sold to Three Investor Groups

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
Matt Nader Named President at First Home Mortgage

Matt Nader Named President at First Home Mortgage

by Phil Hall | Dec 13, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Baltimore-headquartered First Home Mortgage has promoted Matt Nader to president. Nader joined First Home Mortgage in 2018 as a loan officer and served as the company’s director of sales since February 2023. He replaces Tim Whittier, who was appointed president in May...
DOJ Tells Supreme Court It Never Agreed ‘Not to Reopen’ NAR Probe

DOJ Tells Supreme Court It Never Agreed ‘Not to Reopen’ NAR Probe

by Phil Hall | Dec 12, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) told the US Supreme Court that it never committed not to reopen its investigation into the National Association of Realtors (NAR) despite its 2020 consent decree that settled a probe of the organization. According to a Law360 report,...
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