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FHLB Cincinnati Debuts Hundred Homes Initiative

FHLB Cincinnati Debuts Hundred Homes Initiative

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

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) has launched the Hundred Homes Initiative, with the goal of offering $5 million in funding to move 100 households living in mobile homes constructed before June 15, 1976, into updated housing. The date was...
Report: Baby Boomers Are the Largest Generational Share of Homebuyers

Report: Baby Boomers Are the Largest Generational Share of Homebuyers

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

Baby boomers are largest generational group of homebuyers, according to the National Association of Realtors’ (NAR) 2025 Home Buyers and Sellers Generational Trends report. The combined share of younger boomers (ages 60–69) and older boomers (ages 70–78) rose to 42%...
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...
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