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Las Vegas Realtors President Refuses to Resign After Board Calls for Him to Step Down

Las Vegas Realtors President Refuses to Resign After Board Calls for Him to Step Down

by Phil Hall | Dec 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The president of the Las Vegas Realtors is refusing to resign after the organization’s board of directors voted to demand he step down. The Las Vegas Review-Journal, sourcing its coverage from unnamed “multiple sources,” reports the board voted 6-5 last week to call...
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
Report: Home Price Appreciation Up During November

Report: Home Price Appreciation Up During November

by Phil Hall | Dec 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median sale price on homes during November was $385,000, according to a data report from Homes.com. This marked a $9,120 or 2.4% year-over-year rise and a continuation of the 10-month stretch where median prices are between $375,000 and $395,000. Across the nearly...
Hospitality Capital Partners Acquires 5 Arizona Hotels for $72 Million

Hospitality Capital Partners Acquires 5 Arizona Hotels for $72 Million

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Phoenix-based Hospitality Capital Partners (HCP), in conjunction with its equity partner National Property Advisors, acquired a portfolio of five Arizona hotels from Service Properties Trust for $72 million. The portfolio encompasses more than 665 rooms consists at...
Architects Urge New Designer on White House East Wing Ballroom to Reject the Project’s Commission

Architects Urge New Designer on White House East Wing Ballroom to Reject the Project’s Commission

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A coalition of 29 architects has called on Shalom Baranes Associates, the new designer for President Trump’s White House East Wing ballroom, to reject the commission or face potential penalties from the American Institute of Architects (AIA). The Architect’s Newspaper...
HUD Investigates Affordable Housing Discrimination Against Whites in Boston

HUD Investigates Affordable Housing Discrimination Against Whites in Boston

by Phil Hall | Dec 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has begun an investigation into the City of Boston’s housing policies to determine whether it discriminated against low-income white residents. The New York Times reports Craig Trainor HUD’s assistant secretary for...
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