The World’s First Motel (or What’s Left of It) is Listed for Sale

by Phil Hall | Jul 31, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The California property that is considered the world’s first motel has been listed for sale. Hayes Commercial Group is marketing the 4.21-acre site just off Highway 101 in San Luis Obispo. There is no asking price for the property, which was the site of the Milestone...

CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%

by Phil Hall | Jul 31, 2026 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) surged this month 51 basis points to 7.86%, according to a data report from Trepp Inc. One year ago, the rate was at 7.23%. Thomas Taylor, senior manager for research at Trepp, attributed July’s...

Senate Democrats Question Why FHFA’s Pulte is Still Working as Intelligence Chief

by Phil Hall | Jul 31, 2026 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Four days after Jay Clayton was confirmed by the US Senate to become the next Director of National Intelligence, Democrats are openly fuming over the continued presence of Federal Housing Finance Agency (FHFA) Director Bill Pulte as the interim director. Pulte was...

Missouri Home Sales Up 5.2%

by Phil Hall | Jul 31, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 6,613 residential properties were sold in Missouri during June, a 5.2% year-over-year increase. According to data from Missouri Realtors, the median sales price of $302,500 marked a 5.2% year-over-year rise. The average residential sale price increased 7.2%...

SEC Charges RAD Diversified REIT and Founders with $152 Million Fraud Scheme

by Phil Hall | Jul 31, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Securities and Exchange Commission (SEC) has filed charges against RAD Diversified REIT Inc. (RADD), a Tampa-based real estate investment trust, and its founders Brandon “Dutch” Mendenhall and Amy Vaughn, accusing them of raising at least $152 million from more...