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Faropoint Makes First Los Angeles Industrial Acquisition

Faropoint Makes First Los Angeles Industrial Acquisition

by Phil Hall | Apr 1, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hoboken, New Jersery-based Faropoint, a real estate investment manager specializing in last-mile industrial properties, announced its first acquisition in the Los Angeles area with the $9.975 million purchase of a multi-tenant industrial building located in Torrance,...
San Diego Apartment Property Acquired for $45 Million

San Diego Apartment Property Acquired for $45 Million

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sunstone Two Tree, a developer and operator of rental housing communities, has acquired Terraza Hills, a 200-unit apartment property in San Diego, for $45 million or $225,000 per unit. The property was built in 1976 and still in its original condition. Sunstone Two...
Rami Hasani Named CFO at UWM Holdings

Rami Hasani Named CFO at UWM Holdings

by Phil Hall | Apr 1, 2025 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

UWM Holdings Corporation (NYSE: UWMC) has named Rami Hasani as its new chief financial officer, effective April 1. He will replace Andrew Hubacker, who is moving into a senior advisor role with the Pontiac, Michigan-based company. Hasani originally joined the company...
Real Estate Developer Academy to Open in Jackson, Mississippi

Real Estate Developer Academy to Open in Jackson, Mississippi

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The City of Jackson, Mississippi, has partnered with Grow America, a New York City-based community and economic development nonprofit, to create the Real Estate Developer Academy, an initiative is designed to educate aspiring developers on how to create and complete...
Real Estate Developer Decides Not to Run for Mayor of Boston

Real Estate Developer Decides Not to Run for Mayor of Boston

by Phil Hall | Apr 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Boston-based real estate developer Thomas O’Brien has announced he will not run for mayor this year. News reports claimed that O’Brien, a managing partner and CEO of The HYM Investment Group, was planning to challenge Mayor Michelle Wu, who is seeking a second...
Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo

Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo

by Phil Hall | Apr 1, 2025 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Denver-headquartered RE/MAX Holdings Inc. (NYSE:RMAX) announced that Ward Morrison will retire as president and CEO of its brands Motto Mortgage and Wemlo, effective June 15. He we stay on in a consultative role at both brands through the end of the year. Morrison was...
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