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Justin Timberlake Selling His 127-Acre Tennessee Property for $10 Million

Justin Timberlake Selling His 127-Acre Tennessee Property for $10 Million

by Phil Hall | Aug 21, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Justin Timberlake is hoping to say “Bye Bye Bye” to his 127-acre property in Franklin, Tennessee – to the tune of $10 million. Realtor.com is reporting the singer/actor acquired the property in 2015 for $4 million. The property is located 22 miles south of Nashville...
Cindy Chance Named CEO at The Appraisal Institute

Cindy Chance Named CEO at The Appraisal Institute

by Phil Hall | Aug 21, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Appraisal Institute, the Chicago-headquartered professional association of real estate appraisers, has named Cindy Chance to become its next CEO. Chance most recently served as executive vice president and member of the leadership team of the Urban Land Institute....
Rent Prices Continue Downward Trend

Rent Prices Continue Downward Trend

by Phil Hall | Aug 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

July represented the third consecutive month of year-over-year declines in rental housing prices, according to data from Realtor.com. While the median asking rent in the 50 largest metros increased $15 to $1,759 from June to July, it nonetheless remains down $18 from...
Hawaii Accuses Reverse Mortgage Funding of Unpaid Taxes

Hawaii Accuses Reverse Mortgage Funding of Unpaid Taxes

by Phil Hall | Aug 21, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The State of Hawaii has alleged that Reverse Mortgage Funding (RMF) is delinquent for years of unpaid taxes. According to a report in Reverse Mortgage Daily (RMD), the State of Hawaii’s Department of Taxation has appointed a delinquent tax collection assistant to...
Aviva Canada Invests in Condo-Focused Fintech OneClose

Aviva Canada Invests in Condo-Focused Fintech OneClose

by Phil Hall | Aug 21, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Aviva Canada, the Toronto-headquartered property and casualty insurance group, has invested in OneClose Inc., a fintech that helps the owners of newly constructed Canadian condominiums save thousands of dollars in interim fees. Consumers who buy a newly built condo in...
Fortress Investment Group Pays $1 Billion for Capital One’s CRE Loan Portfolio

Fortress Investment Group Pays $1 Billion for Capital One’s CRE Loan Portfolio

by Phil Hall | Aug 21, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fortress Investment Group, a New York City-headquartered global investment manager, has acquired approximately $1 billion in commercial real estate loans from Capital One Financial Corp. (NYSE:COF). The transaction was first reported by Commercial Observer – the...
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