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Powell Reaffirms No Rate Cuts in the Near Future

Powell Reaffirms No Rate Cuts in the Near Future

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell poured more cold water on the hope that the central bank will start cutting rates sooner than later. According to combined media reports, Powell told a moderated discussion at the Foreign Bankers’ Association in Amsterdam that...
Vision Mortgage Group Debuts Loan Program for First-Time Buyers

Vision Mortgage Group Debuts Loan Program for First-Time Buyers

by Phil Hall | May 14, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Portland-based Vision Mortgage Group has launched Legacy Builder, a proprietary loan program aimed at first-generation, first-time homebuyers. According to the company, the program features a 1% down payment and 2% grant down payment assistance. Borrowers do not have...
Compass Adds Tennessee Brokerage Parks Real Estate

Compass Adds Tennessee Brokerage Parks Real Estate

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Compass Inc. (NYSE: COMP) announced the addition of Tennessee-based Parks Real Estate into its brokerage network. Parks Real Estate, which includes the brand Pilkerton Realtors, employs over 1,500 agents and generated $6.25 billion in 2023 transaction. According to...
Ex-HUD Secretary Fudge Joins Taft Law Firm

Ex-HUD Secretary Fudge Joins Taft Law Firm

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Two months after she stepped down as Secretary of Housing and Urban Development (HUD), Marcia Fudge has re-emerged as a partner in the prominent Taft law firm. Fudge will also serve as the law firm’s chairwoman of public policy. According to a press release from Taft,...
Tishman Speyer Enters Data Center Sector with First European Industrial Project

Tishman Speyer Enters Data Center Sector with First European Industrial Project

by Phil Hall | May 14, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate developer Tishman Speyer is venturing into the data center sector with its first industrial project in Europe. The company has signed definitive agreement with Samson AG to acquire an 807,000-square-foot location in Frankfurt for the development of a...
Developers Seek Public Funds for $300 Million Albany Soccer Stadium Project

Developers Seek Public Funds for $300 Million Albany Soccer Stadium Project

by Phil Hall | May 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The developers of an initiative to bring an 8,000-seat soccer stadium to the New York State capital city of Albany are seeking public funding to finance their $300 million project. According to combined media reports, Ed and Lisa Mitzen, the founders of Business for...
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