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Jess Johnson Named Chief Revenue Officer at Franklin Street

Jess Johnson Named Chief Revenue Officer at Franklin Street

by Phil Hall | Aug 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Franklin Street, a Tampa-headquartered commercial real estate firm, has hired Jess Johnson as chief revenue officer. In his new job, Johnson will lead the firm’s client-focused growth initiatives across all business lines. He also plans to expand Franklin...
Typical Homebuyer’s Down Payment Hits Record High

Typical Homebuyer’s Down Payment Hits Record High

by Phil Hall | Aug 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
RealPage Pushes Back at Feds’ Antitrust Lawsuit Claims

RealPage Pushes Back at Feds’ Antitrust Lawsuit Claims

by Phil Hall | Aug 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The property management software company RealPage Inc. has pushed back at the antitrust lawsuit filed by the U.S. Department of Justice (DOJ) that claimed its products were used to coordinate rent hikes by landlords, claiming the lawsuit “cherry picks” aspects of its...
NAR Faces New Realtor-Filed Lawsuit

NAR Faces New Realtor-Filed Lawsuit

by Phil Hall | Aug 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is facing its second realtor-filed lawsuit in a month. According to a report in The Real Deal, NAR is a co-defendant in a lawsuit filed by eight realtors against Move (the parent company of Realtor.com), News Corp (the parent...
Mortgage Application Activity Up by a Slight 0.5%

Mortgage Application Activity Up by a Slight 0.5%

by Phil Hall | Aug 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications inched up during the week ending Aug. 23, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
Aphorio Carter Critical Infrastructure Fund Acquires Denver-Area Data Center

Aphorio Carter Critical Infrastructure Fund Acquires Denver-Area Data Center

by Phil Hall | Aug 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Aphorio Carter Critical Infrastructure Fund LLC, a 506(c) private placement offering focused on critical infrastructure and data center investments, has acquired the Centennial Data Center in Centennial, Colorado for approximately $7.3 million. Located in the Denver...
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