Featured Real Estate News
Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
An internal investigation by the Chicago Housing Authority (CHA) has determined Commissioner Debra Parker has committed housing voucher fraud. WBEZ reports Parker, who has served on the CHA board since 2018, has participated in the Housing Choice Voucher program (also...
Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
The investigation concluded that Debra Parker owes the CHA more than $12,000 from her failure to properly report income and household composition. Continue Reading Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
South Dakota Senate Rejects Property Tax Exemption Increase for Disabled Veterans
The South Dakota Senate rejected a bill that would have expanded the property tax exemption for permanently and totally disabled veterans and their surviving spouses. KOTA reports Senate Bill 126, which would have increased the exemption level from $200,000 to...
Multifamily REIT Veris Residential is Sold for $3.4 Billion to Affinius Capital-Led Investor Consortium
Veris Residential Inc. (NYSE: VRE) a Northeast-focused multifamily real estate investment trust, announced it is being acquired by an investor consortium led by Affinius Capital in partnership with Vista Hill Partners in an all-cash transaction for $19.00 per share of...
ESPN’s Stephen A. Smith Blasts ‘Very, Very Stupid’ Chicago for Letting Bears Leave the City
ESPN host Stephen A. Smith criticized Chicago officials after Illinois Gov. JB Pritzker acknowledged the Chicago Bears will not get a new stadium within their namesake city. On Friday, the Chicago Tribune reported Pritzker stated, “I think now there’s a common...
News & Current Events
US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
The Roosevelt opened in 1924 and has more than 1,000 rooms. Continue Reading US and Pakistan Sign MoU to Renovate Historic NYC Hotel-Turned-Migrant Center
Boston Approves New Seaport District Hotel Across from Menino Center
The new hotel will join the existing Aloft and Element Boston Seaport hotels as the newest component of a 968-key hotel and retail campus. Continue Reading Boston Approves New Seaport District Hotel Across from Menino Center
Hits and Misses for the Real Estate Week of Feb. 16-20
A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. Continue Reading Hits and Misses for the Real Estate Week of Feb. 16-20
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Hits and Misses for the Real Estate Week of April 6-10
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LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Councilmember Eunisses Hernandez called the plan “a private development scheme disguised as transportation.” Continue Reading LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
Former Calgary Office Building to Become 204-Unit Rental Housing Development
“Calgarians urgently need continued investment in housing,” said Mayor Jeromy Farkas. Continue Reading Former Calgary Office Building to Become 204-Unit Rental Housing Development
Mortgage Delinquency Rate Up During Q3
The delinquency rate was up 6 basis points from the second quarter and up 7 basis points from the third quarter of 2024. Continue Reading Mortgage Delinquency Rate Up During Q3
News Report Uncovers Bill Pulte’s Ownership of Broken-Down Florida Trailer Parks
“Recent visits to two of the mobile home parks revealed a broken fence and overflowing trash bins,” said the Times’ report. Continue Reading News Report Uncovers Bill Pulte’s Ownership of Broken-Down Florida Trailer Parks
Indiana Home Sales Up 4%
Homes sold for a median price of $270,000, unchanged from September but 6% higher than in October 2024. Continue Reading Indiana Home Sales Up 4%
NYC Rents Soared in Month Before Mamdani’s Election
In Manhattan’s luxury real estate market, median prices reached $11,995, a 20% year-over-year spike. Continue Reading NYC Rents Soared in Month Before Mamdani’s Election
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
Feds Seize Over $1 Million in Cryptocurrency from Real Estate Fraud Scheme
The Secret Service is working to identify victims eligible for consideration for compensation with the forfeited funds. Continue Reading Feds Seize Over $1 Million in Cryptocurrency from Real Estate Fraud Scheme
Walmart Announces Change in Leadership
Doug McMillon, who held the leadership position at the company since February 2014, will retire on Jan. 31, 2026. Continue Reading Walmart Announces Change in Leadership