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Rocket Companies Adds CEO Varun Krishna to Board of Directors

Rocket Companies Adds CEO Varun Krishna to Board of Directors

by Phil Hall | Dec 29, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-based Rocket Companies Inc. (NYSE:RKT) announced the expansion of its board of directors from seven to eight with the addition of CEO Varun Krishna to serve as a Class III director. Krishna’s directorship became effective on Dec. 21 for a term expiring at the...
New Study Ranks the Best Reverse Mortgage Companies

New Study Ranks the Best Reverse Mortgage Companies

by Phil Hall | Dec 29, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Money magazine is welcoming the new year with its review “Best Reverse Mortgage Companies of January 2024,” with five companies cited for different strengths that set them apart. Longbridge Financial was praised as “Best for Low Interest Rates,” with Money...
Level of Homebuyer Relocation at 18-Month Low

Level of Homebuyer Relocation at 18-Month Low

by Phil Hall | Dec 29, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers looking to move to a different metro area declined for the third straight month in November, according to new data from Redfin (NASDAQ:RDFN). The 23.9% share recorded last month is down from 24.1% one year ago, which is both the lowest share in...
Los Angeles’ Aon Center Sold for $153.5 Million

Los Angeles’ Aon Center Sold for $153.5 Million

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) announced that it arranged the $153.5 million sale of Aon Center, a 62-story trophy Class A office tower located in the Los Angeles’ Financial District. The property was acquired by Carolwood Equities while the seller was undisclosed....
Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus

Real Estate Company Bids $4.9 Million for Bankrupt University’s Campus

by Phil Hall | Dec 29, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A federal bankruptcy court in West Virginia has scheduled a hearing for the possible sale of a defunct university’s campus. The Associated Press reported a court-appointed trustee filed a motion to sell the land and assets once belonging to Alderson Broaddus...
Hard Money Lenders Arizona to Launch Real Estate Investment Fund

Hard Money Lenders Arizona to Launch Real Estate Investment Fund

by Phil Hall | Dec 29, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Phoenix-based Hard Money Lenders Arizona announced that it will expand its investment portfolio with a new real estate investment fund that will launch in 2024. According to the company, the new fund will target a variety of real estate projects, including residential...
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