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Senior Living Provider LCS Announces Leadership Changes

Senior Living Provider LCS Announces Leadership Changes

by Phil Hall | Aug 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

LCS, the Des Moines-based senior living provider, has announced a shift in its executive leadership. Chris Bird, LCS’ president and chief operating officer, will become CEO. Bird will succeed Joel Nelson, who served as CEO since 2018 and will continue to serve as...
They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

They’re Here! ‘Poltergeist’ Home Listed for $1.17 Million

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Simi Valley, California-based house that gained movie immortality as the haunted residence in the classic 1982 horror film “Poltergeist” has been listed for sale for the first time in 45 years. Built in 1979, the 0.37-acre property features a 2,373-square-foot...
Las Vegas Realtors CEO Suspended Amid Election Interference Charges

Las Vegas Realtors CEO Suspended Amid Election Interference Charges

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Las Vegas Realtors CEO Wendy DiVecchio was suspended from her position for 30 days following allegations that she interfered with the 2025 election of the association’s board officers and directors. The Las Vegas Review-Journal obtained an internal memo from LVR...
Detroit Woman Sentenced for Operating as an Unlicensed Real Estate Agent

Detroit Woman Sentenced for Operating as an Unlicensed Real Estate Agent

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A Detroit woman who conducted business as an unlicensed real estate agent and accountant was sentenced to two years of probation after pleading pled no contest to one felony and two misdemeanors. According to Office of Michigan Attorney General Dana Nessel, Krystal...
Guest Opinion: Why Were the Forecasts Off?

Guest Opinion: Why Were the Forecasts Off?

by Tom Barkin | Aug 14, 2024 | Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Tom Barkin is president of the Federal Reserve Bank of Richmond. This article is adapted from a recent speech delivered during theGlobal Interdependence Center’s Central Banking Series at Banque de France in Paris. By the first quarter of 2022, the Fed’s...
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
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