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Indiana Home Sales Up in September

Indiana Home Sales Up in September

by Phil Hall | Oct 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lower mortgage rates, slowing price growth and rising inventory combined to bring new buyers to the Hoosier State’s housing market in September, according to the latest data from the Indiana Association of Realtors (IAR). Closed sales totaled 6,705 last month, up 1%...
15-Story Oakland Office Tower and Garage Sells at a Loss

15-Story Oakland Office Tower and Garage Sells at a Loss

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 15-story office tower in downtown Oakland and a nearby parking garage have been sold for $99.6 million – five years after it changed hands for $175 million. SiliconValley.com reported Lakeside Group and Rubicon Point Partners, via an affiliate, partnered on the...
Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor

Cushman & Wakefield Executive Targeted in Corruption Probe of NYC Mayor

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An executive with Cushman & Wakefield (NYSE: CWK) has been targeted in the ongoing corruption probe into New York City Mayor Eric Adams. The New York Times reported Diana Boutross, a vice chairwoman at Cushman & Wakefield, had her electronic devices seized by...
FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches

FTC in Settlement with Marriott and Starwood Hotels Over Repeated Data Breaches

by Phil Hall | Oct 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced a settlement with Marriott International Inc. (NASDAQ: MAR) and its subsidiary Starwood Hotels & Resorts Worldwide LLC related to three large data breaches between 2014 to 2020 impacting more than 344 million customers...
Justice Dept. in $6.5 Million Redlining Settlement with Credit Union

Justice Dept. in $6.5 Million Redlining Settlement with Credit Union

by Phil Hall | Oct 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced its first redlining settlement with a credit union in its $6.5 million agreement with the $6 billion-assets Citadel Federal Credit Union. The DOJ alleged that Citadel failed to provide mortgage lending services to...
Leadership Change at Chicago Community Loan Fund

Leadership Change at Chicago Community Loan Fund

by Phil Hall | Oct 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Chicago Community Loan Fund (CCLF), a nonprofit Community Development Financial Institution with nearly $200 million in assets, announced the retirement of Calvin L. Holmes after nearly 30 years with the organization, including over 26 as president. Holmes joined...
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