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Hits and Misses for the Real Estate Week of Nov. 4-8

Hits and Misses for the Real Estate Week of Nov. 4-8

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The aftershocks of the election, a new fight against property taxes and a tribute to an inspirational executive. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 4-8. Hit: The Indestructible Man. It is impossible to...
Former Chief of Two Minnesota Real Estate Groups Sentenced for Embezzlement

Former Chief of Two Minnesota Real Estate Groups Sentenced for Embezzlement

by Phil Hall | Nov 8, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The former chief executive of two Minnesota real estate organizations was sentenced for stealing more than $144,000 from the groups. According to combined media reports, 70-year-old Katherine Junge ran the Lakes Region Association of Realtors and the Lakes Region...
Real Estate Investment Firm Lionstone to Shut Down

Real Estate Investment Firm Lionstone to Shut Down

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Ameriprise Financial Inc. (NYSE: AMP) announced it will begin to shut down operations for Lionstone Investments, its US real estate investment subsidiary, and exit this business. “The company is fully supporting Lionstone’s clients as it transitions their assets in an...
HUD Announces $115,000 Settlement of Denver Disability Discrimination Case

HUD Announces $115,000 Settlement of Denver Disability Discrimination Case

by Phil Hall | Nov 8, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) entered into a Voluntary Compliance Agreement / Conciliation Agreement with city and county agencies in Denver to resolve charges of discrimination related to a refusal to accommodate a household with a...
Furniture Retailer American Freight to Shut Down All 328 Stores

Furniture Retailer American Freight to Shut Down All 328 Stores

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The furniture chain American Freight is the latest retailer to shut down its operations, with the closing of all 328 stores across 41 states. The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Franchise...
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

by Phil Hall | Nov 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An effort is underway to force a special meeting of Chicago’s City Council to reject Mayor Brandon Johnson’s proposed $300 million property tax increase to fill the municipal’s budget gap. The Chicago Sun-Times reports 29 alderpersons co-signed a call for a special...
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