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Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million

Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million

by Phil Hall | Apr 10, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Redmond, Washington, for approximately $9.3 million. The 1.5-acre property consists of one industrial distribution building containing approximately 33,000 square feet with two dock-high and...
Shane Paladin Out as SmartRent Chief Executive After Two Months

Shane Paladin Out as SmartRent Chief Executive After Two Months

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

SmartRent Inc. (NYSE: SMRT), the Scottsdale, Arizona-headquartered provider of smart communities and smart operations solutions for the rental housing industry, announced the resignation of Shane Paladin as president, CEO and a director. Paladin was named to the...
30-Year Fixed-Rate Mortgage Down for 12th Straight Week

30-Year Fixed-Rate Mortgage Down for 12th Straight Week

by Phil Hall | Apr 10, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.62% as of April 10, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.64%. “The average 30-year fixed-rate mortgage continues to...
Foreclosure Activity Up During Q1

Foreclosure Activity Up During Q1

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 93,953 residential properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is up by 11% from the previous quarter but down 2% from one year ago. Nationwide one in every 1,515 housing units had a...
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud

Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Chicago real estate broker was sentenced to four years and two months in federal prison for defrauding four investors out of more than $3 million. Stanislav Sannikov, also known as Steve Sannikov, owned and operated Chestnut Realty Group. According to the charges...
St. Louis Man Pleads Guilty to Mortgage Fraud Scams

St. Louis Man Pleads Guilty to Mortgage Fraud Scams

by Phil Hall | Apr 10, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A St. Louis man pleaded guilty to one felony count of bank fraud in a case where he admitted to fraudulently obtaining home mortgages totaling more than $1.2 million. Edward James Mitchell Jr. participated in four fraudulent home mortgages from October 2021 through...
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