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Fannie Mae Renews HQ Lease for Smaller Space

Fannie Mae Renews HQ Lease for Smaller Space

by Phil Hall | Aug 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fannie Mae (OTCMKTS: FNMA) has signed a long-term lease at its Washington, DC-based headquarters, albeit for a smaller space. The government-sponsored enterprise announced the transaction in a statement that said, “We are pleased to have come to a new lease agreement...
Peachtree Group Taps Vickie Callahan to Lead Hospitality Management Division

Peachtree Group Taps Vickie Callahan to Lead Hospitality Management Division

by Phil Hall | Aug 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Peachtree Group, an Atlanta-headquartered investment management firm focused on commercial real estate, has promoted Vickie Callahan to president of the firm’s hospitality management division. In her new role, Callahan will oversee the company’s portfolio...
Bill Giambrone, co-founder of Platinum Home Mortgage, Dies at 60

Bill Giambrone, co-founder of Platinum Home Mortgage, Dies at 60

by Phil Hall | Aug 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Bill Giambrone, the co-founder of Platinum Home Mortgage Corp. and the Community Home Lenders Association (CHLA), passed away on Aug. 5 at the age of 60. Giambrone teamed with his brother Michael Giambrone to create Platinum Home Mortgage in 1993. Thirty years later,...
NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion

NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion

by Phil Hall | Aug 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total household debt increased by $109 billion in during the second quarter to $17.80 trillion, a 0.6% uptick, according to new data from the Federal Reserve Bank of New York. Regarding housing debt, the new data report found mortgage balances up by $77 billion from...
Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements

Healing Realty Trust in 3 New Preferred Real Estate Partnership Agreements

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Healing Realty Trust (HRT), a self-managed real estate investment company focused on purchasing healthcare-related real estate assets dedicated to serving the mental, behavioral, and physical health sectors, has entered into three new Preferred Real Estate Partnership...
Report: Denver Needs More than 500,000 Housing Units by 2050

Report: Denver Needs More than 500,000 Housing Units by 2050

by Phil Hall | Aug 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report has concluded that Denver needs more housing – specifically, 52,000 housing units for the short-term and more than 500,000 by 2050. According to a Denver7.com report, the report from the Denver Regional Council of Governments (DRCOG), the demographic is...
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