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Real Brokerage Debuts Investor Q&A Portal Ahead of Q3 Results Call

Real Brokerage Debuts Investor Q&A Portal Ahead of Q3 Results Call

by Phil Hall | Oct 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) has opened a shareholder Q&A platform for use on the company’s upcoming conference call to discuss its third quarter financial results. Real Brokerage will hold the call at 8:30 a.m. ET on Nov. 7. With the new platform,...
Hits and Misses for the Real Estate Week of Oct. 21-25

Hits and Misses for the Real Estate Week of Oct. 21-25

by Phil Hall | Oct 25, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 21-25. Miss: Getting Data on Migrant Housing. Earlier this week,...
Feds Raid Home of Affordable Housing Developer

Feds Raid Home of Affordable Housing Developer

by Phil Hall | Oct 25, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Federal agents raided the Cleveland-area home of Frank Sinito, a real estate developer and one of the nation’s most prominent owners of affordable housing complexes. According to News 5 Cleveland, the raid occurred on Wednesday at 7:00 a.m. The agents were identified...
NYC Passes New Law Requiring Licenses for Hotel Operators

NYC Passes New Law Requiring Licenses for Hotel Operators

by Phil Hall | Oct 25, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New York City Council has voted to create a new licensing program for hotels. Hotel Management Network reports the newly passed Safe Hotels Act will require hotel operators to obtain a two-year operating license for a $350 fee. Hotels must also maintain front desk...
Maine Home Sales and Prices Continue to Rise

Maine Home Sales and Prices Continue to Rise

by Phil Hall | Oct 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1,486 homes were sold in Maine during September, up 5.39% from the 1,410 transactions recorded one year earlier. According to data from the Maine Association of Realtors, the state’s median sales price last month was $409,450, up 8.68% from the $376,750...
Real Estate Developer Sentenced for Bribing Michigan Mayor

Real Estate Developer Sentenced for Bribing Michigan Mayor

by Phil Hall | Oct 25, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A Michigan real estate developer was sentenced to one year and a day in prison for bribing a mayor with cash and home renovations in exchange for obtaining tax-foreclosed properties from the mayor’s city. According to court documents, Shady Awad provided Richard...
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