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Raleigh Museum Announces Sale of Its Building

Raleigh Museum Announces Sale of Its Building

by Phil Hall | Aug 3, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

North Carolina’s Contemporary Art Museum of Raleigh (CAM) has announced that it is putting its building up for sale. For the past 15 years, the museum has been located in a repurposed warehouse built in 1911. CAM does not have a permanent collection but instead offers...
Report: National Median List Price Posted Ninth Month of Annual Declines

Report: National Median List Price Posted Ninth Month of Annual Declines

by Phil Hall | Aug 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median list price was $428,950 in July, essentially unchanged from June but down 2.4% from one year before. According to a data report from Realtor.com, July marked the ninth consecutive month of annual price declines. At the same time, the share of...
Ex-CPA Sentenced for Role in Lender Fraud Scheme

Ex-CPA Sentenced for Role in Lender Fraud Scheme

by Phil Hall | Aug 3, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

A former Massachusetts-based certified public accountant (CPA) was sentenced to six months in federal prison for her role in a $19 million fraud scheme involving commercial properties. Christine Gendron was also ordered to pay $392,607 in restitution. After her...
895-Unit Texas Multifamily Portfolio is Sold

895-Unit Texas Multifamily Portfolio is Sold

by Phil Hall | Aug 3, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Spirit Investment Partners has teamed with Strategic Value Partners LLC on the off-market acquisition of an 895-unit Texas-based portfolio from Resia, the US multifamily real estate and modular manufacturing subsidiary of the Brazilian homebuilder MRV&Co. The...
Mamdani Announces One-Month Extension for Pied-à-Terre Tax Appeals

Mamdani Announces One-Month Extension for Pied-à-Terre Tax Appeals

by Phil Hall | Aug 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani extended the deadline for appealing his new pied-à-terre tax by an additional month. The pied-à-terre tax is designed to target the owners of luxury second homes – condominiums and co-ops valued at a minimum of $1 million and one- to...
Report: Fed Chairman Warsh Proposes Fewer Rate Policy Meetings

Report: Fed Chairman Warsh Proposes Fewer Rate Policy Meetings

by Phil Hall | Aug 3, 2026 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Kevin Warsh reported proposing cutting back on the number of rate policy meetings held by the central bank’s Federal Open Market Committee (FOMC). According to a Wall Street Journal report sourced from unnamed “people familiar with the...
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