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Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away

Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away

by Phil Hall | Nov 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Chrissi Rhea, the former president and CEO of Knoxville, Tennessee-based Mortgage Investors Group, passed away on Nov. 8 following a bout with cancer. Rhea co-founded Mortgage Investors Group with Chuck Tonkin in 1989 with seven employees. Today, the company employs...
Home Depot Foundation Invests $10 Million into Veterans-Focused Housing Needs

Home Depot Foundation Invests $10 Million into Veterans-Focused Housing Needs

by Phil Hall | Nov 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Home Depot Foundation announced it will invest $10 million into projects designed to help veterans age in their current residences and avoid homelessness. The foundation cited recent projections from the Department of Veterans Affairs (VA) that determined the...
MacKenzie Realty Capital Uplists Stock Trading to Nasdaq

MacKenzie Realty Capital Uplists Stock Trading to Nasdaq

by Phil Hall | Nov 11, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

MacKenzie Realty Capital Inc., an Orinda, California-headquartered real estate investment trust focused on multifamily and office properties, has received approval to list its common stock on the Capital Market tier of The Nasdaq Stock Market LLC under the symbol...
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...
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