Tampa Bay Rays in Tentative Deal with Local Officials on New $2.3 Billion Ballpark

by Phil Hall | May 15, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Tampa Bay Rays have signed a nonbinding memorandum of understanding with officials in Florida’s Hillsborough County and the City of Tampa on a public-private partnership to construct a new ballpark. The Associated Press reports the tentative agreement would...

Marcus & Millichap Hires Michael Puline as National Director of Retail Division

by Phil Hall | May 15, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) has hired Michael Puline as senior managing director and national director of its retail division. In his new job, Puline will guide the strategic growth of Marcus & Millichap’s and...

Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement

by Phil Hall | May 14, 2026 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...

House Removes BTR Sale Provision from Senate’s Housing Bill

by Phil Hall | May 14, 2026 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The House of Representatives has tweaked the Senate-approved 21st Century ROAD to Housing Act by removing a provision requiring institutional investors who own build-to-rent (BTR) single-family housing to sell their properties within seven years of construction. The...

Mortgage Rates Dip While Delinquency Levels Rise

by Phil Hall | May 14, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...