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Massachusetts Governor Warns Steward Health Care on Hospital Closings

Massachusetts Governor Warns Steward Health Care on Hospital Closings

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Massachusetts Gov. Maura Healey has called on the financially ailing Steward Health Care to follow the state’s Department of Public Health regulation that requires hospital owners to provide 120 days’ notice before closing a medical facility. The Associated...
Chevron Relocates HQ from California to Texas

Chevron Relocates HQ from California to Texas

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chevron Corporation (NYSE:CVX) announced the relocation of its corporate headquarters from California to Texas. The company, which traces its California roots back to the 1870s is taking its leadership offices from San Ramon to Houston before the end of the year....
Renter Population Is Growing 3X Faster Than Homeowner Population

Renter Population Is Growing 3X Faster Than Homeowner Population

by Phil Hall | Aug 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of US renter households in the second quarter grew 1.9% year-over-year, according to a new data report from Redfin (NASDAQ:RDFN). The renter growth is more than three times faster than the number of homeowner households, which grew 0.6% in the second...
Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison announced a $240,000 settlement with Dwell Equities LLC related to compliance errors in the company’s foreclosure rescue services. According to a statement from Ellison’s office, the Rochester, Minnesota-based Dwell approached...
West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greenbrier Hotel, the historic West Virginia lodging establishment, is at the center of a controversy that encompasses the upcoming election and JPMorgan (NYSE:JPM) chief Jamie Dimon. WCHS-TV reports the Greenbrier is owned by West Virginia Gov. Jim Justice and...
Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Connecticut Supreme Court issued a ruling that it makes it easier for the state’s property owners to offer their homes on short-term rental platforms including AirBnb and VRBO. According to a CT Mirror report, the court’s 5-2 ruling determined that a “residence”...
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