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Texas Title Company Employee Pleads Guilty to Real Estate Fraud Scheme

Texas Title Company Employee Pleads Guilty to Real Estate Fraud Scheme

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Texas resident Mayela Saby Cantu has pleaded guilty to conspiracy to commit wire fraud in a scheme that involved falsified lien payoff statements, fraudulent warranty deeds and deceptive emails to mislead lenders, title companies and property buyers. According to the...
Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE:MMI), in association with Northeast Retail, announced the $88.5 million sale of a portfolio 31 net lease properties anchored by Town Fair Tire. The properties are in Connecticut, Massachusetts, New...
Maine Home Sales Up 6.81% in November

Maine Home Sales Up 6.81% in November

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Maine housing market recorded a 6.81% year-over-year increase in sales of single-family existing homes, rising 1,301 transactions in November compared to 1,218 one year before. According to data from the Maine Association of Realtors, the statewide median sales...
Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

by Phil Hall | Dec 23, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has criticized Elon Musk’s call to shut down the Consumer Financial Protection Bureau (CFPB), an agency that she helped create. Last month, Musk took to X to declare, “Delete CFPB. There are too many duplicative regulatory agencies.” Musk...
DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air shopping centers, has acquired two Walmart Supercenter-anchored shopping centers in Columbus, Ohio, for $76.25 million. The properties, which are approximately 99% occupied, include the 395,074-square-foot...
McKinley Homes Acquires Houston Builder

McKinley Homes Acquires Houston Builder

by Phil Hall | Dec 23, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Atlanta-based McKinley Homes has acquired Houston-based Liberty Home Builders Houston, expanding its presence into Texas. The financial terms of the deal were not disclosed. McKinley Homes Houston Division will be led by the former Liberty Home Builders executive team...
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