Barry Diller’s People Inc. Offers to Buy MGM Resorts International for $18 Billion

by Phil Hall | Jun 1, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Barry Diller’s publishing company People Inc. (NASDAQ: IAC) has submitted a surprise non-binding proposal to acquire MGM Resorts International (NYSE: MGM) in a $48.30 per share all-cash transaction that values the company at $18 billion. People Inc., publishes over 40...

New ICE Fraud Monitor Aims to Reduce Risk in Underwriting

by Phil Hall | Jun 1, 2026 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Intercontinental Exchange Inc. (NYSE: ICE) has rolled out ICE Fraud Monitor, a mortgage fraud and property research solution designed to help lenders reduce risk and expedite underwriting. According to the company, the new tool is integrated directly with Encompass,...

Utah Developer Cole West Names Chris Winter as President of Homebuilding

by Phil Hall | Jun 1, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Cole West, a Centerville, Utah-based real estate development company, has promoted Chris Winter to president of homebuilding. Winter previously served as division president for Cole West’s Southern Utah homebuilding operations. He joined Cole West in January 2021,...

New Report Finds Minimal Results for Rhode Island’s $120 Million Housing Bond

by Phil Hall | Jun 1, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from the Rhode Island Public Expenditure Council (RIPEC) has found a rather weak return on investment from a $120 million housing bond approved by voters in 2024. The Rhode Island Current reports that $52.2 million from the bond had been used by April...

Illinois Legislature Adjourns Without an Agreement on Funding a New Bears Stadium

by Phil Hall | Jun 1, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The future of the Chicago Bears has taken yet another twist as the Illinois legislature ended its session without a bill that would have ensured the team could remain in the state. NBC Chicago reports the state’s Senate failed to support a House-backed bill that would...