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Ex-Employee Sues NAR for Discrimination and Sexual Harassment

Ex-Employee Sues NAR for Discrimination and Sexual Harassment

by Phil Hall | Jun 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A former National Association of Realtors (NAR) employee filed a lawsuit against the trade group that claims she was fired and subjected to retaliation for complaining about discrimination and sexual harassment. Real Estate News reported Roshani Sheth, a NAR project...
Kaiser Permanente Unit Acquires North Carolina Hospital System

Kaiser Permanente Unit Acquires North Carolina Hospital System

by Phil Hall | Jun 21, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the biggest healthcare property deals of the year is unfolding in the Tar Heel State as Risant Health, a nonprofit subsidiary of healthcare leader Kaiser Permanente, has acquired the North Carolina not-for-profit hospital system Cone Health. Cone Health was...
Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

by Phil Hall | Jun 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The former president of an Illinois bank has acknowledged his involvement in a scheme to falsify bank records to enable real estate loans. Steven Cook pleaded guilty in U.S. District Court in Benton to three felony counts of aiding and abetting the making of a false...
Existing Home Sales Slip Despite Stronger Inventory

Existing Home Sales Slip Despite Stronger Inventory

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales dipped by 0.7% in May to a seasonally adjusted annual rate of 4.11 million, according to new data from the National Association of Realtors (NAR). Sales were down 2.8% from the 4.23 million recorded in May 2023. As the sales level slipped, prices...
Cityview Acquires Bay Area Multifamily Complex

Cityview Acquires Bay Area Multifamily Complex

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

Cityview, a multifamily investment management and development firm, has acquired Tralee Village Apartments in the Bay Area city of Dublin, California. The financial terms of the deal were not disclosed. Built in 2011, Tralee Village Apartments encompasses two...
Nesto Acquires CMLS Group, Creating Canada’s Largest Tech-Enabled Lender

Nesto Acquires CMLS Group, Creating Canada’s Largest Tech-Enabled Lender

by Phil Hall | Jun 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Montreal-headquartered Nesto has acquired CMLS Group, Canada’s third-largest mortgage finance company. The financial terms of the deal were not disclosed, although the companies stated the transaction was supported by investments from Diagram Ventures, Portage,...
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