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Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The concept of keeping up with the Joneses has a new digital twist as most younger Americans go online to spy on the value of their friends’ homes. According to a new survey by Mphasis Digital Risk of 1,386 adults ages 46 and younger, the majority (66%) acknowledged...
Jared Kushner’s Father Makes Unsolicited Bid for New Jersey-Based REIT

Jared Kushner’s Father Makes Unsolicited Bid for New Jersey-Based REIT

by Phil Hall | Jun 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A company owned by Charles Kushner, the father of former President Donald Trump’s son-in-law and one-time political advisor Jared Kushner, has made an unsolicited offer to buy a real estate investment trust. K Corp Acquisitions LLC, owned by Charles Kushner, reached...
Maza, a Platform for Immigrants Aimed at Homeownership, Announces $8 Million Seed Round

Maza, a Platform for Immigrants Aimed at Homeownership, Announces $8 Million Seed Round

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A platform designed to provide immigrants with the financial identities needed to pursue homeownership, announced an $8 million seed round. The Los Angeles-based Maza enables immigrants to obtain a U.S. Tax ID and a bank account. According to the company, this allows...
New Executive Director Sought for Seattle’s Compass Housing Alliance

New Executive Director Sought for Seattle’s Compass Housing Alliance

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Compass Housing Alliance, a Seattle-headquartered nonprofit serving individuals, veterans and families experiencing chronic homelessness and housing instability in Washington State’s Puget Sound region, has announced the planned retirement of Executive Director Mary...
Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

by Phil Hall | Jun 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Buffalo, New York-headquartered M&T Bank (NYSE:MTB) has recruited Tim Gallagher to become head of commercial real estate. Gallagher joins M&T from Slate Asset Management, where he was managing director. Gallagher also held managing director positions at Annaly...
273 Bank Branches Closed in May

273 Bank Branches Closed in May

by Phil Hall | Jun 27, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

More bank branches were closed than opened during May, according to a data analysis from S&P Global Market. Last month saw the closing of 273 bank branches. U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank NA, led the industry with the most active...
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