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KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

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

KBS Builders Inc., a South Paris, Maine-based modular manufacturer focused on the New England market, has signed a $2.1 million contract for multifamily apartments in Randolph, Vermont. According to the company, KBS will manufacture 16 modules for the construction of...
Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse

Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse

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

A Virginia realtor faces the loss of his license after his state association ruled that a nine-year-old posting of a Biblical verse on his personal social media account was an act of hate speech. According to combined media reports, the Hearing Committee of the...
CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

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

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
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...
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