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Yardi Acquires CloudVO, A Reseller of Virtual Offices

Yardi Acquires CloudVO, A Reseller of Virtual Offices

by Phil Hall | Jun 6, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The real estate software company Yardi has acquired CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services. The financial terms of the acquisition were not disclosed. As of June 1, CloudVO ceased to take new...
Person of the Week: Dr. Gary Painter, Academic Director, University of Cincinnati’s Real Estate Program

Person of the Week: Dr. Gary Painter, Academic Director, University of Cincinnati’s Real Estate Program

by Phil Hall | Jun 6, 2023 | News/Current Events, Person of the Week, Real Estate News, WRE News Exclusive

Last week, the University of Cincinnati announced that Dr. Gary Painter joined the Carl H. Lindner College of Business as the real estate program’s new academic director. Painter was previously at the University of Southern California, where he was a professor at the...
CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace

CoreLogic: Single-Family Home Price Growth Continues at Single-Digit Pace

by Phil Hall | Jun 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family home price growth rose by 2% year-over-year in April, according to new data from CoreLogic. This marked the 135th consecutive month of annual growth but the sixth straight month of single-digit gains. On a month-over-month basis, home prices increased by...
Poplar Homes Acquires Venture REI’s Single-Family Property Management Business

Poplar Homes Acquires Venture REI’s Single-Family Property Management Business

by Phil Hall | Jun 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Poplar Homes, a Cupertino, California-based proptech for single-family rental investors, has acquired Venture REI’s Arizona-based single-family for rent property management portfolio for an undisclosed sum. The acquisition marks Poplar’s entry into the...
REIT Forfeits on $725M Loan for Two San Francisco Hotels

REIT Forfeits on $725M Loan for Two San Francisco Hotels

by Phil Hall | Jun 6, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team

Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team

by Phil Hall | Jun 6, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Birmingham, Alabama-headquartered Regions Bank (NYSE:RF) has tapped Fred Behnke to serve as head of the bank’s Homebuilder Finance team. Behnke most recently served as regional manager for the company’s east region and succeeds Danny Hill, who retired from Regions....
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